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Covid-19 Impact On The Value Of Wanda Cinema Line Co.,Ltd.in The Clustered Industry

Posted on:2022-05-05Degree:MasterType:Thesis
Country:ChinaCandidate:R HanFull Text:PDF
GTID:2505306782456544Subject:Culture Economy
Abstract/Summary:PDF Full Text Request
The novel coronavirus pneumonia outbreak took the lead in Wuhan in 2020 and spread rapidly to the whole country.With the gradual progress of the national anti epidemic process,the epidemic situation in China has been effectively controlled.However,with the reduction of the temperature in autumn and winter,which is more conducive to the survival of the virus,the epidemic situation in foreign countries is still severe.The novel coronavirus pneumonia not only threatens the health and safety of people in China and even the whole world,but also has a huge impact on the economic development of the world,and the various industries such as catering,transportation,film and television industries stop production and stop production.The epidemic prevention measures during the post epidemic period have a huge impact on the value of the enterprises in such clusters.Wanda Cinema is the "leading sheep" of the film and television industry.It has been greatly affected during the epidemic.And the film and television industry has a certain representativeness in the gathering industry.Therefore,this paper takes the influence of the epidemic of the Wanda Cinema as the object of study.Through consulting a lot of relevant literature and theoretical research,and combining with the particularity of COVID-19,Construct the free cash flow model of Wanda Cinema.The two major elements of the model are free cash flow and discount rate.By estimating the future cash flow of Wanda Cinema and obtaining the discount rate according to the relevant requirements of cash flow,in this process,by analyzing the historical data and institutional prediction data of Wanda Cinema to avoid the subjectivity of personal prediction,the change of enterprise value affected by the epidemic is finally calculated,And take this as the basis for enterprise value promotion management,in order to play a certain reference role in practice.Finally,the assumption novel coronavirus pneumonia outbreak is not a new public crisis.The value of Wanda film is roughly 48 billion 518 million 268 thousand yuan.The novel coronavirus pneumonia novel coronavirus pneumonia epidemic situation and the normalization of epidemic prevention background,the enterprise value evaluation results roughly 46 billion 470 million 799 thousand yuan,the new crown pneumonia epidemic has a negative effect on the Wanda movie’s enterprise value,and the sensitivity analysis of the calculation results shows that the most influential factors on the price of Wanda movie enterprises are operating income,capital structure and sustainable growth rate.Therefore,financial and non-financial suggestions are put forward for the above sensitive factors.
Keywords/Search Tags:Novel coronavirus pneumonia, Wanda cinema, Enterprise value
PDF Full Text Request
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