Research On PV Enterprise Value Evaluation Based On EVA And B-S Combined Model

Due to the increasingly serious situation of global climate change,the environmental protection concept of reducing carbon emissions has reached a global consensus.The widespread application of photovoltaic technology will help reduce carbon emissions and improve the environment,which is of vital significance to the sustainable development of the global economy.As a result,the photovoltaic industry has developed rapidly,and related corporate merger and acquisition financing activities have become increasingly frequent.Therefore,an accurate assessment of the value of photovoltaic companies is crucial to promoting the healthy development of the photovoltaic industry and promoting high-quality economic development.On the basis of systematically sorting out the research results at home and abroad,this paper uses the relevant theories of enterprise value evaluation and combines the value composition of the photovoltaic industry to construct a model suitable for the value evaluation of the photovoltaic industry-the economic value-added method and the real option method(B-S)Combined models.Taking Y photovoltaic company as an example,first calculate its historical EVA value,innovatively apply the ARIMA model to predict the EVA value of the company in the next three years and the sustainable years,and calculate the explicit value of the company.Combined with the B-S model in the real option model to evaluate the potential value of the enterprise,the overall evaluation value of the enterprise is obtained.The research conclusion drawn from this is: compared with the evaluation of a single model,the combination model of EVA and B-S comprehensively considers the explicit value and potential value of photovoltaic enterprises,and can more scientifically evaluate the overall value of photovoltaic enterprises,which is beneficial to the long-term progress and development of enterprises.This thesis uses the economic value-added and real option combination model to evaluate the value of photovoltaic enterprises,which not only makes a new interpretation for future research directions,but also helps companies make correct decisions,protect investors’ rights and attract more investment Those who have the dual value of theory and practice.