Research On The Value Evaluation Of Y Software Enterprise Based On EVA

With the continuous development of software and information technology service industries in the economy and society,software will become an important force leading the direction of future intelligent changes.The domestic informatization market of software and information technology service industry is becoming wider and wider,but the software enterprise value evaluation system is not yet sound.The software and information service industry is a high-tech industry,and its capital structure is unique.Intangible assets account for a relatively high proportion of total assets.Human resources are an indispensable competitive resource.There is huge room for innovation in its business model and value creation.The above special factors must be considered when evaluating the value of software companies.Based on EVA,this paper conducts research on the value evaluation of Y software enterprise,trying to explore a value evaluation method suitable for software companies in our country.This article firstly uses the literature research method to summarize related concepts and theoretical foundations,introduces the overview of the Y software enterprise and analyzes its solvency,operating capacity and profitability operating status;then use comparative analysis method to compare traditional value evaluation methods such as cost method,market method and income method and analyze their limitations,so as to determine the necessity of EVA value evaluation model in Y software enterprise;Next,using the case study method,according to Y software enterprise's financial reports for the past five years,collect relevant data from Hithink Royal Flush Information Network,the People's Bank of China,the National Bureau of Statistics and other websites,organize and analyze them,and select specific accounting for Y software enterprise's own characteristics.Adjust the project,and then evaluate the value of Y software enterprise based on the EVA value evaluation model.The research shows that the appraised value of Y software enterprise based on EVA indicates the changing trend of its market value and basically reflects its intrinsic value.Through the sensitivity analysis of the Y software enterprise value,further suggestions are made for it from two aspects: improving the intrinsic value of the enterprise and improving the level of value evaluation.This article expands the application scope of EVA in the field of value evaluation in our country,and at the same time provides a certain reference for the application of EVA in our country.