经济增加值(EVA)在企业价值评估中的优势——与自由现金流量作为评估标准的比较

The Advantages of EVA in the Enterprise Value Evaluation ——Compared with evaluation standard of Free Cash Flow

以经济增加值(即EVA)为标准对企业的价值进行评估,在国内已经受到国资委和经济界专家的高度重视,并将逐步推广。通过用EVA和自由现金流量对同一企业的价值进行计算和对比,更能显示出以EVA为评估标准所具有的简明、科学、有效等突出优点。

Economic Value Added (EVA), which is used as the standard in the evaluation of enterprise value, has received adequate attention from the State-owned Assets Supervision and Administration Commission and the expertise in the economic circle, and will be gradually popularized. This article believes that the EVA as the standard of evaluation has the advantages of conciseness, scientificness and effectiveness compared with the Free Cash Flow in the computation and the contrast of the value of the same enterprise.