Research On The Value Evaluation Of Lithium Enterprises Based On DCF And Fuzzy B-S Model

In the current environment of vigorously promoting the realization of “carbon peak” by 2030 and “carbon neutrality” by 2060,the national target for the penetration rate of new energy vehicles and the proportion of the target proposed,making new energy vehicles become the general trend.The continuous promotion of new energy vehicles will undoubtedly lead to the further development and growth of its industry chain-related industries,is located in the upstream of the industry chain of lithium electricity industry has attracted more attention,the demand of lithium resources continue to increase,improve market share,good prospects for development has prompted a large number of investment institutions and individuals will look to lithium electricity industry,As a result,the industry valuation is generally high,and even the phenomenon of overfundraising.Therefore,a scientific and reasonable assessment of the intrinsic value of lithium companies is particularly important.First,by combing through the relevant domestic and international literature,this paper finds that research on the valuation of emerging lithium enterprises has only started in recent years,however,most of them adopt the real options method,and research on the introduction of fuzzy numbers on its basis is relatively rare.Secondly,from the concept and current situation of the development of lithium battery companies and the future development trend,thinks its high-growth,high-yield,high-risk characteristics,value factors have great uncertainty,as a result of the existence of uncertainty,while bring a certain risk,could potentially huge benefits for the enterprise,Therefore,the value of lithium power enterprises should be considered as current value and potential value.Thirdly,the future development of lithium power enterprises is regarded as the stage of rapid growth and the stage of sustainable growth,and the two-stage DCF model is selected to calculate the current value of enterprises.Introduce fuzzy numbers to calculate the potential value of the enterprise on the basis of B-S model,and theoretically construct a portfolio model for the value assessment of lithium enterprises.Lastly,Ganfeng Lithium Co.,Ltd.,a leading lithium electric enterprise,was selected for case evaluation,the results show that the method of DCF model combined with the combination of fuzzy B-S model compared with the combination of the DCF model method and B-S method model can improve the accuracy of the valuation results,more fit the real value of the enterprise,further reflects the introduction of fuzzy Numbers to modify B-S model parameters of scientific rationality.Based on the research on enterprise value assessment,this paper combines the characteristics of lithium enterprises to construct a more scientific and reasonable enterprise value assessment method applicable to lithium enterprises,so as to make the valuation results more accurate and provide reference significance for the valuation of other enterprises in the lithium industry.