I. Valuation of the Company
Company valuation, also known as enterprise valuation, enterprise value evaluation, etc. Corporate valuation refers to the evaluation of the intrinsic value of listed or unlisted companies. Generally speaking, a company's assets and profitability depend on its intrinsic value. Company valuation is the premise of investment, financing and trading. When an investment institution injects a sum of money into an enterprise, the rights it should have first depend on the value of the enterprise.
Second, the valuation method
Valuation method of unlisted companies, 1. Compared with the company law, the market method selects listed companies that are comparable or referential to the unlisted companies in the same industry, calculates the main financial ratios according to the stock prices and financial data of similar companies, and then uses these ratios as market price multipliers to infer the value of the target company. 2. Market-based comparable transaction method, which selects companies in the same industry as start-ups that have been invested and acquired in a suitable period before valuation, and takes the pricing basis of SME financing or M&A transaction as a reference to obtain useful financial or non-financial data, and calculates some corresponding SME financing price multipliers, so as to evaluate the target company. .
To sum up, most listed companies in Hong Kong are institutional investors, and the rise and fall of stocks mainly depends on factors such as company performance and theme. It can't be simply classified as a medium market value, that is to say, it has a rising probability and can only be used as a reference. It depends on the foundation. If the foundation is too poor, the project will definitely not be invested. At the same time, for the Hong Kong market, market value and liquidity are the primary factors for Hong Kong institutional investors to consider whether to invest.