Author(s)

Jinyu Tang

Corresponding Author

Jinyu Tang

ABSTRACT

Based on the two-stage cash flow growth model, this article takes China Baoan Group Co., Ltd. (hereinafter referred to as China Security) as the research object, and evaluates its equity value by constructing a valuation model. The results show that the company's equity valuation is 889,029.19 million yuan. This paper believes that in the construction of the valuation model, the estimation of the beta coefficient of the discount rate and the prediction of cash flow are the key and difficult points. How to make a scientific and reasonable estimate is very important for the evaluation of the enterprise value.

KEYWORDS

Cash Flow, Value Assessment