摘要
本文在梳理企业价值评估的相关理论、评估方法以及常用的评估模型的基础上,采用资本资产定价模型,对万科集团的各项成本进行计算,采用现值模型,对万科集团企业价值进行评估,结果表明,将万科集团未来净收益折现之后,公司的净收益现值之和为3805.36亿元。此评估得到的结果可为投资者在购买万科公司股票时提供参考。
Based on researching of the enterprise valuation's relevant theory, methods and models, this paper adopted capital assets pricing model(CAPM) to calculate the cost of Vanke Group; and adopted present value model evaluated to analyze the enterprise value of Vanke Group. According to these studies, this paper got the result which is show that after discounting for future net revenue, the total of Vanke Group's net present value is 380.536 billion yuan.
出处
《价值工程》
2017年第9期35-37,共3页
Value Engineering
关键词
万科集团
企业价值评估
财务分析
收益法
Vanke Group
enterprise valuation
financial analysis
income approach
