基于XLX并购目标企业的价值评估分析

The Target Enterprise Value Evaluation Based on XLX Mergers and Acquisitions

企业并购是对稀缺资源优化配置的行为,是企业发展壮大的有效途径.选择合适的目标企业是企业并购成功的先决条件之一,而目标企业的价值评估则是影响并购能否成功的主要因素.通过对XLX并购上游企业的案例进行分析,指出了当前价值评估过程中出现的问题,并为成功并购提出合理化的建议,希望藉此能对有并购意向的企业有所指导和借鉴.

Mergers and acquisitions （m＆a） are the behavior for the optimization allocation of scarce resources, and are the effective way for enterprise development and growth. Choosing the appropriate target enterprise is one of the prerequisites of m＆a success, and assessing the value of the target enterprise is the main factor that influences whether the merger will succeed. By analyzing the case of XLX m＆a upstream enterprise, this article points out the problems existing in the evaluation process, and puts forward rationalization proposals for successful mergers and acquisitions. The study might provide guidance and reference for the enterprises which have intention to merge ＆ acquisite.