Application Research Of Residual Income Method In The Value Evaluation Of Iflytek

In recent years,the artificial intelligence industry represented by computer vision,speech recognition,driverless,AI chips,etc.has rapidly emerged,and various artificial intelligence start-ups have sprung up,and the artificial intelligence market has expanded rapidly.However,how to evaluate the value of artificial intelligence enterprises is not only related to the value of listed artificial intelligence enterprises,but also the key to investment and financing of artificial intelligence startups.Based on this,this paper attempts to introduce the residual income method to solve this problem.This paper firstly sorts out the domestic and foreign literatures on the residual income method and the high-tech enterprise value assessment,and then briefly introduces the traditional enterprise value assessment methods and their advantages and disadvantages,and the reasons why these methods cannot be applied to the value evaluation of artificial intelligence enterprises,and then lead The basic model of the residual income method is analyzed and the superiority and deficiency of this method are analyzed.After introducing the status quo,characteristics and value influencing factors of the artificial intelligence industry,the residual income method is improved in introducing the financial indicator system and the two-stage model.Finally,this paper applies the improved residual income method to the enterprise value evaluation of the AI listed company,iFLYTEK,and compares the evaluation result with the evaluation result of the relative valuation method and the market value of the benchmark date to verify the residual income method.The accuracy.After theoretical analysis and empirical test,this paper believes that the results of the residual income method have better applicability and accuracy to artificial intelligence enterprises,which can reflect the intrinsic value of stocks,while the market law evaluates the results.Big deviation.Because the residual income method makes full use of the financial information of the enterprise,it reduces the difficulty of prediction,ensures the objectivity in the evaluation process and the idea of using value creation as the starting point of the evaluation to make the evaluation result more accurate.This also implies that the management of the enterprise should pay more attention to the real driving factor of the enterprise value.It should not only pursue the accounting profit of the enterprise,but only the residual income can drive the rise of the enterprise value.For investors,the residual income method can provide them with another perspective to examine the value of the target company,and find companies with high intrinsic value and truly worth investing.