Research On Hikvision Enterprise Valuation Based On EVA

Listed companies in the field of artificial intelligence generally have the characteristics of high risk,high growth and huge development space due to their large investment in early research.The business management mode of listed companies in the artificial intelligence industry has different characteristics.According to the characteristics of listed companies in the field of artificial intelligence,the traditional evaluating methods can no longer quickly adapt to AI companies.Using traditional methods to evaluate the value of AI companies may lead to inaccurate results.The reasonable value judgment and analysis of the AI companies will be greatly affected,which will affect the future development of the AI industry.Therefore,this paper focuses on Hikvision,the leading artificial intelligence security company,as a case to conduct a valuation study.this paper is presented from the following aspects.Firstly,analyzes the background and significance of the research on artificial intelligence security enterprise value,introduces the development of enterprise valuation theory,research ideas and research methods at home and abroad.Secondly,introduces the valuation theory of listed companies,and also these several mainstream traditional valuation methods,then compares the advantages and disadvantages of EVA and traditional valuation methods in the valuation of artificial intelligence enterprises.Thirdly,the introduction and analysis of Hikvision,and AI industry relevant information has been made.Fourthly,the EVA value evaluation method is analyzed,and the EVA enterprise value evaluation model is adjusted according to the characteristics of artificial intelligence companies,and then the adjusted AI enterprise evaluation model is used to Hikvision.Fifth,sensitivity analysis of evaluation results is carried out through changes in WACC,operating revenue,and simultaneous changes in WACC and EVA Finally,I analyze the calculation results of EVA evaluation model from multiple perspectives,and give some suggestions on how to improve the value of Hikvision.The results show that it is reasonable and advanced to apply EVA value evaluation model in artificial intelligence companies.Compared with traditional methods,EVA evaluation model has obvious advantages in artificial intelligence enterprise’s value evaluation,It can improve the ratio of debt to capital,increase research and development investment,and increase profit income.When the EVA model is used to judge the company valuation,the weighted-average cost of capital has an important impact on the final judgment of the company valuation,so it needs to be calculated reasonably.