Enterprise Value Evaluation Of WUS Printed Circuit Based On EVA Valuation Model

With the growth of strong demand in the downstream of the printed circuit board(PCB)industry chain,China’s PCB industry has entered the fast track of development.Meanwhile,5G,new energy vehicles and artificial intelligence will become new engines to drive the growth of China’s PCB industry,so PCB industry has attracted the attention of investors.The evaluation of PCB manufacturing enterprises has also become the focus of attention.Economic value added(EVA)valuation model adjusts some accounting items when evaluating enterprise value,making the financial data more truly reflect the enterprise’s operating conditions,and fully considering the cost of equity capital of the enterprise,so as to reflect the enterprise value more accurately than the traditional valuation method.Based on sufficient research on the basis of EVA valuation model,applied it in the PCB industry leading enterprise of WUS Printed Circuit value assessment,provide reference for similar enterprise value assessment,and based on the assessment of enterprise value,to the enterprise managers how to develop the business strategy,to further improve enterprise value put forward the corresponding suggestion,At the same time,it also provides corresponding investment advice for investors.Firstly,this paper analyzes the background and significance of PCB manufacturing enterprise value evaluation.The research on valuation method and EVA valuation model at home and abroad is reviewed.Secondly,the development status and prospects of PCB industry are analyzed from the perspective of development history,industry chain,product classification and industry characteristics.Again from the revenue composition,period expense ratio and net cash flow and other aspects of the company’s basic situation and business conditions;Through the comparison with the financial data of Shennan Circuit and Jingwang Electronic in the same industry,the profitability,debt paying,operation and development capabilities are analyzed.Finally,the basic principle of EVA valuation model,accounting adjustment items and model classification are described.The EVA valuation model is used to evaluate the enterprise value,and the comparative analysis is made with the relative valuation model and the discounted free cash flow model.In addition,it also analyzes the investment risks faced by WUS Printed Circuit from two aspects of market and policy.Based on the valuation results,investment advice and corresponding suggestions are put forward to enhance the enterprise value of WUS Printed Circuit.Based on qualitative and quantitative analysis,the following conclusions are drawn and suggestions are put forward:First,PCB industry has a good development prospect;Second,The profitability and solvency of WUS Printed Circuit are good,while the operating and development capabilities are poor and need to be improved.Third,it is effective to use EVA valuation model to evaluate the value of WUS Printed Circuit.Fourth,based on the evaluation results of EVA valuation model,the stock market value of WUS Printed Circuit is relatively undervalued,so investors can invest in the stock appropriately.Fifth,the production and operation of WUS Printed Circuit is mainly faced with market risks and policy risks.Sixth,WUS Printed Circuit can enhance corporate value and cope with market competition by increasing investment in research and development,increasing the ratio of debt to capital,actively seeking profit growth points and adjusting business strategy.