Value Evaluation Of Integrated Circuit Enterprises Based On EVA Model

At present,the world’s integrated circuit industry is facing a new round of rapid development,and China’s integrated circuit industry has also come to the golden age of economic development.In that time,in order to enhance the internal value of enterprises,China’s integrated circuit enterprises adopted diversified means,including venture capital,financing,mergers and acquisitions;In the mean time,market investors will focus on the intrinsic value of a company when looking for good investment targets.So the evaluation of the value of listed integrated circuit companies is the common focus of enterprise management and market investors.The economic value added method is more scientific and authentic than the previous enterprise value evaluation methods,and can calculate the enterprise value more comprehensively.Therefore,this paper will use the emerging EVA evaluation model to evaluate the value of IC enterprises.When using EVA enterprise value evaluation model to evaluate a company,it is in the following order: first,combined with the financial data disclosed in the enterprise annual report,analyze the current operation of the enterprise.Secondly,prudently predict the future operation of the enterprise and obtain relevant financial data.Thirdly,calculate the EVA of the enterprise according to the predicted financial data,and finally use the EVA evaluation model to calculate the enterprise value.This paper takes T company,a representative enterprise in the integrated circuit industry,as the research object for enterprise value evaluation and analysis.Based on the theoretical basis of EVA evaluation model,combined with text description and data analysis,this paper makes a comprehensive estimation of the stock value of T company,compares the current stock market trading price of T company,and judges whether there is a false conclusion in its market pricing.In the evaluation process,combined with the analysis of T company’s financial data,this paper puts forward effective schemes to improve t company’s financial performance and speed up the efficiency of operation and management.This analysis method combines the evaluation results and the characteristics of EVA evaluation model.In addition to providing an angle for company managers to improve the valuation of T company,it also provides a reference for all investors.