Financial analysis: By analyzing the financial statements of an enterprise, we can know the financial status, profitability and solvency of the enterprise, thus evaluating the value of the enterprise. The commonly used financial analysis indicators are P/E ratio, P/B ratio and sales ratio.
Asset evaluation: through the evaluation of various assets of the enterprise, we can understand the asset status and asset value of the enterprise, so as to evaluate the overall value of the enterprise.
Discount of future earnings: By forecasting the future earnings of an enterprise and discounting these earnings to the present value with an appropriate discount rate, the value of the enterprise can be evaluated. This method is suitable for those enterprises with stable profitability in the future.
Market comparison method: evaluate the value of the target enterprise by comparing the market value of similar enterprises. This method needs to find enterprises similar to the target enterprises and analyze and compare their market values.
Risk assessment: by assessing the risk factors of the enterprise, we can understand the risk status and risk value of the enterprise, so as to evaluate the value of the enterprise. Risk factors include policy risk, market risk and technical risk.
Matters needing attention in purchasing enterprises
1. Due diligence: Before the acquisition, it is necessary to conduct comprehensive due diligence on the target enterprise, including finance, legal affairs, taxation, human resources and business. This helps to understand the real situation of the enterprise and identify potential risks and opportunities.
2. Review of laws and contracts: hire professional lawyers to carefully review all relevant legal documents to ensure that there are no omissions or potential problems. This includes contracts, agreements, legal proceedings, licenses, etc.
3. Tax planning: Understand the tax status of the target enterprise, including unpaid taxes, tax preferences and tax compliance. And tax planning accordingly.
4. Human resource integration: consider the human resource strategy of the acquired enterprise, including employee retention, layoffs and benefits. In addition, we should also consider how to integrate the corporate cultures of both parties.
5. Negotiation skills: In the acquisition process, negotiation is the key. It is necessary to prepare key elements, such as valuation, purchase price and payment method (cash, equity, etc.). ) and the timetable of the target enterprise.