FCFF模型在白酒上市企业价值评估实证研究——以洋河股份为例

Empirical Study on FCFF Model in Baijiu Listed Companies’Valuation--Take the Yanghe River Stock as an Example

随着经济的发展,在资本市场上因企业的价值没有得到正确的估值而导致股价无法正确反映该企业真正的市值的情况屡见不鲜。鉴于此,选择白酒制造业中的知名企业洋河股份作为研究对象,使用如今相对成熟的估值公式对其进行企业价值评估研究,深究洋河股份真正的企业内在价值,验证该企业在资本市场上的股价表现是否有虚高的情况存在。

With the development of economy,it is not uncommon that the enterprise value in the capital market has not been correctly estimated,which leads to the stock price failing to reflect the real market value of the enterprise.Therefore,Yanghe River Stock,a well-known enterprise in the liquor manufacturing industry,is selected as the research object,and the most mature valuation formula is used to conduct the enterprise value evaluation research on it,so as to investigate the real internal value of Yanghe River Stock and verify whether the stock price performance of this enterprise in the capital market is artificially high.