Proceedings of the 2022 2nd International Conference on Economic Development and Business Culture (ICEDBC 2022)

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Research on the Value Evaluation of China's Enterprises Under the EVA Model: A Case Study of Hikvision Company

Authors
Ziqian Xu1, 1, *
1School of Economics, Hefei University of Technology, Hefei, 230601, Anhui, China
*Corresponding author. Email: ziqianxu@mail.hfut.edu.cn
Corresponding Author
Ziqian Xu
Available Online 31 December 2022.
DOI
10.2991/978-94-6463-036-7_156How to use a DOI?
Keywords
EVA model; Enterprise value assessment; Net operating profit after tax; Total capital; Weighted average cost of capital
ABSTRACT

With the support of national policies, China's software industry is developing at a sustained and high speed. An accurate grasp of investment opportunities in the software industry requires the state to have a correct understanding of the intrinsic value of listed companies. In this paper, literature analysis, case analysis, qualitative analysis and quantitative analysis are used to carry out the research. Taking Hikvision Company as the research object, the EVA value evaluation model is used to carry out a quantitative analysis of the profitability of Hikvision from 2016 to 2020, and to reasonably forecast the EVA value of HNVIS from 2021 to 2025. The research results show that every year since the company's listing, the EVA of the company has been positive and continuously rising, which is in line with the rapid development of the company in recent years and the continuous expansion of the scale of assets and liabilities. This indicates that the company has good operating results and good profitability. It also indicates that the enterprise value assessment based on the EVA model has certain reference significance, which is beneficial to improving the management level, realizing value creation and promoting the sustainable and healthy development of the enterprise.

Copyright
© 2022 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2022 2nd International Conference on Economic Development and Business Culture (ICEDBC 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
31 December 2022
ISBN
10.2991/978-94-6463-036-7_156
ISSN
2352-5428
DOI
10.2991/978-94-6463-036-7_156How to use a DOI?
Copyright
© 2022 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Ziqian Xu
PY  - 2022
DA  - 2022/12/31
TI  - Research on the Value Evaluation of China's Enterprises Under the EVA Model: A Case Study of Hikvision Company
BT  - Proceedings of the 2022 2nd International Conference on Economic Development and Business Culture (ICEDBC 2022)
PB  - Atlantis Press
SP  - 1058
EP  - 1064
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-036-7_156
DO  - 10.2991/978-94-6463-036-7_156
ID  - Xu2022
ER  -