The Research On The Enterprise Valuation Of BOE Technology Group Co.,Ltd.Based On EVA Model

With the continuous development of our country's economy,China has been the world's largest LCD market,attracting more and more companies to join the industry,and economic activities such as mergers and acquisitions and financing among enterprises have gradually become normal.Enterprise value EVAluation will receive more and more attention from investors and company management.Through value EVAluation of the company,investors can speculate whether the target company is worth investing in,and corporate management can judge whether it should adjust business decisions.It can be seen that how to correctly EVAluate the value of an enterprise is of great significance.Many traditional valuation methods take accounting profit as the core.When EVAluating the value of a company,indicators such as the cost of equity capital are often ignored,which makes it impossible to reflect the true value of the company.The EVA method considers all capital costs including the cost of equity capital,and also adjusts some accounting subjects in a targeted manner according to the characteristics of the company,which can more scientifically reflect the value of the company and provide more true information for the company's management.Therefore,this article applies the EVA method to enterprise value EVAluation.BOE is the first company in our country to produce LCD products and one of the leading companies in the LCD industry.It is representative and important in the industry.Therefore,this article uses the case analysis method to analyze the BOE as a research sample.The main content of this article: First,explain the research background and significance,summarize the current research status at home and abroad,and introduce the research content and methods;second,explain the rel EVAnt theories of corporate value EVAluation and EVA valuation models;third,analyze the development status and industry environment of BOE,based on Enterprise characteristics to construct a suitable EVA valuation model;fourth,apply the EVA valuation model to BOE,calculate the company's corporate value,and conduct sensitivity analysis;fifth,compare the corporate value calculated by different valuation methods Analysis;Sixth,explain conclusions,recommendations,and prospects.The main conclusions of this paper:(1)The EVA two-stage growth model is suitable for BOE's corporate value EVAluation;(2)BOE's stock price is underestimated;(3)Applying EVA method to enterprise value EVAluation will help realize value growth management;(4)The EVA method can better reflect the true value of the enterprise.Based on the rel EVAnt theories of enterprise value EVAluation and EVA,this article EVAluates BOE,provides a reference for the application research of EVA valuation model,and has certain significance for the company to obtain value growth and improve the enterprise value EVAluation system.