Study On The Valuation Of Ninebot Limited Based On Real Option Method

The establishment of the STAR Market has broadened the financing channels of enterprises,and enterprises have paid more attention to the innovation of science and technology.With the progress of science and technology,Our demands for intelligent devices is constantly rising,so the intelligent equipment industry is gradually favored by the market,and investors also began to realize the investment value in the intelligent equipment industry.However,due to the listing system of the STAR Market and different characteristics of different enterprises,it is difficult to evaluate their value only through traditional valuation methods.Improper valuations may increase the investment risk of investors and lead to misdecisions of business managers.It can be seen that appropriate valuation methods can not only improve the decision-making efficiency of investors and business managers,It can also reduce decision-making risks to a certain extent.This paper believes that in the process of valuation,it is necessary to analyze the different characteristics,understand the value components,and reconstruct the suitable value evaluation model.This paper selects the listed on the STAR Market.Ninebot Limited,as an intelligent short transportation enterprise and the head enterprise in the service robot industry,we hope that the research of its valuation will have reference significance for the same type of science and STAR Market enterprises.This paper draws on the relevant research of domestic and foreign experts,and analyzes the value drivers of Ninebot Limited,combined with the characteristics of the value drivers analyzes the lack of the traditional valuation model,and combined with the core idea of real option method,analyze the applicability and feasibility of real option method,build the valuation model of Ninebot Limited.Through the valuation calculation of Ninebot Limited based on the real option method,it is found that the valuation only through the income approach can not reflect the whole value of the enterprise,and the option value is a part that cannot be ignored.Based on the exploration of the valuation research of Ninebot Limited,it is expected that through the research of this paper,new valuation ideas will be provided for other enterprises on the STAR Market.