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基于EVA模型的海尔智家企业价值评估
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Abstract:
本研究旨在通过经济增加值模型对家电巨头海尔集团旗下的海尔智家企业进行价值评估。考虑到传统财务指标在衡量企业真实价值时的局限性，本文采用EVA这一现代财务指标，以更准确地反映企业创造的经济利润。通过分析海尔智家的财务报表、计算其资本成本并调整净营业利润，本文估算了海尔智家的经济增加值，并进一步推导出企业价值。本研究不仅为投资者提供了一种更为合理的投资决策工具，也为企业内部管理提供了价值创造的新视角。
This study aims to evaluate the value of Haier Group’s Haier Smart Home (HS) subsidiary using the economic value added (EVA) model. Considering the limitations of traditional financial indicators in measuring a company’s true value, this study adopts the modern financial indicator of EVA to reflect the economic profits generated by the company more accurately. By analyzing HS’s financial statements, calculating its cost of capital, and adjusting its net operating profit, this study estimates the economic value added of HS and further derives the enterprise value. This study not only provides investors with a more reasonable investment decision tool but also provides a new perspective on value creation for internal management of the company.
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