三全食品有限公司企业价值评估 (2).docx

本科生毕业论文 三全食品公司企业价值评估 院系名称 姓　　名 学　　号 专　　业 指导教师 2015年5月30日 PAGE \* MERGEFORMATIII 摘 要 统计数据表明，截至2014年末，中国资本市场A股市值总规模达到37.11万亿元，创造了A股市场有史以来的最高纪录。金融危机以来,企业并购成为中国企业做大做强的主要方式，但是在中国市场，并购质量和并购成功率并不高。这可能是是谈判过程中，双方由于对价格问题谈不拢而导致并购失败，也可能是由于并购方支付了超额溢价而导致后续并购方无法持续经营，或者没有达到预期效果。其他行为中，股票投资、企业管理、股权转让都需要对企业价值进行评估。企业价值评估对当前的资本市场变得日益重要。而当前的资本市场也对企业价值评估提出了更高的要求。本文结合三全食品案例,选择适当的企业价值评估方法,并对其进行估值。首先，对于研究背景、意义、方法和结论进行罗列。其次，简要介绍各种企业价值评估方法。再次，对于企业价值评估的三种基本方法分别进行评价分析。再次，通过对三全食品企业价值评估的实务分析，以及对三种方法的适用性分析，得出估值结果。最后，总结在评估实务中选择评估方法时应注意的因素。 关键词：上市公司、企业价值评估、三全食品 Abstract Statistical data show that before the end of 2014, the total A shares’ market capitalization of the Chinese capital reached 37.11 yuan, creating the A-share markets highest record. Since the financial crisis, the enterprise M A has become the main form of Chinese enterprises to become bigger and stronger, but in the Chinese market, the quality and the success rate of M A is not high. This may be in the process of negotiations, the two sides due to the problem of price leading to the failure of M A,it may also be due to the M A party to pay the extra premium leading to in the subsequent of M A the merger party could not continue to operate, or did not achieve the desired results. Other behaviors, stock investment, enterprise management,equity transfer also need to evaluate the enterprise value. The enterprise value evaluation has become more and more important to the current capital market. The capital market also put forward higher requirements on the value assessment of enterprises. This paper based on the sanquan foods case, select the appropriate enterprise value evaluation method, and carries on the adjustment. Firstly, the research background, significance, methods, and conclusions are listed. Secondly, this paper briefly introduces various methods of enterprise value assessment. Again, brief analyse the three kinds of assessment methods of enterprise value evaluation. Again, through the practical analysis to Sanquan foo