企业价值评估方法研究

Researches on the Methods of Enterprise Value Evaluation

企业价值评估诸多方法中,现金流指标的重要性日益显现,其中,自由现金流量最具可行性。企业规模 的大小、发展的阶段和经营的盈亏成为影响企业现金流的基本内因,而季节性、周期性和竞争是其外因。企业价值评 估从企业历史业绩分析开始,再预测未来绩效,并评估连续价值,最终确定企业价值总额。

Among the methods of enterprise value evaluation, the importance of cash circulation is obvious. Free cash circulation is most available. The size of enterprise scale, the developing stage and its profit and loss are the inner factors of influencing enterprise cash circulation, while seasonal, periodical and competition are external factors. Enterprise value evaluation should be done from analyzing enterprise historical achievements, then forecasting its future accomplishments and e-valuating its value continuously, and finally determining the total sum of enterprise value.