金融科技企业的估值方法研究

Research on Valuation Methods for FinTech Enterprises

本文主要探讨了如何对金融科技这一新兴行业进行企业价值的评估。首先,本文明确了金融科技相关的定义,并对金融科技企业根据不同的业务模式进行具体的细分。其次,本文总结了当前市场上现有的传统估值方法及其局限性,并分别从相对估值法下的两个不同估值思路对适用于金融科技企业估值的方法进行总结与创新,根据金融科技行业内不同赛道的具体特征,对相对估值法中所使用到的关键估值指标(如市盈率)进行调整。再次,总结并举例探讨了金融科技企业如何进行市值管理的三类方法。本文为金融科技这一新兴行业的企业价值评估提供了一定的借鉴思路。

This paper explores how to evaluate firms'value in the FinTech industry.In this paper,the definition of FinTech is provided and the FinTech corporations are segmented according to different business models firstly.Then,the limitations of existing traditional valuation methods are discussed,and the creative valuation methods are summarized from two perspectives of relative valuation methods.Besides,the key valuation index(for example,PE ratio)is adjusted according to the specific characteristics of different categories in the FinTech industry.Finally,this paper summarizes and illustrates examples to provide three methods of market value management by FinTech companies,in order to provide more insights for investors when valuing the corporations in the FinTech industry.