Value Assessment Of New Energy Automotive Enterprise

In recent years,state policies have strongly supported the new energy automobile industry and promoted the rapid development of the new energy automobile industry.The introduction of the national "dual-carbon" strategic plan,the reduction of the barriers to entry and the decline of government subsidies will aggravate the market competition today.At present,the development of new energy automobile industry is still in its infancy.Therefore,the development of new energy automobile enterprise is uncertain.It has the characteristics of high environmental impact and potential growth.In view of this,it is necessary to evaluate the value of new energy automobile enterprises.At first,this paper defines and introduces the concepts and theories of traditional enterprise value evaluation method,which lays the foundation for the research in this paper.Secondly,this paper briefly introduces and classifies the new energy vehicles,and analyzes the current situation of the development of the industry,the characteristics of the enterprise,the composition of the enterprise value and the influencing factors of the enterprise value.Then,according to its typical characteristics such as high growth,high investment and high risk,this paper analyzes the applicability of the new energy vehicle’s value evaluation method,and tries to establish a combination evaluation model,using EVA method and real option method to evaluate the existing asset value and potential value of the enterprise.A financial analysis of Great Wall Motor Co.’s business type and revenue stream,for example,shows that Great Wall Motor Co.’ s growth is rapid and of good quality,but its financial position has seen a decline in cash flow,reduced solvency and a short-term decline in growth in recent years.In this paper,the EVA method is used to evaluate the value of Great Wall’s existing assets,and the real option method is used to evaluate the potential value.The result of high stock price of Great Wall is obtained,which is consistent with the current financial performance,and the improvement strategy and suggestion of Great Wall Auto Development are put forward.In this paper,the combination model of EVA and real option is studied,and the combination model can be used to evaluate the value of new energy automobile enterprises.