并购标的企业估值与整合研究

企业的发展进程往往与一系列的并购相联系,而对目标企业的价值评估往往是并购进程中最重要的组成部分。本文就并购标的企业估值和整合研究进行全面的分析,以寻找到最有效的估价方案,对目标企业的有效评估有利于并购和后期的资源整合,对目前流行的现金流贴现法作一些探讨。所谓的并购就是对目标企业部分或者整体资源的购买,首先必须先对企业并购进行界定,然后在对并购标的企业进行估值,最后对资源进行整合。本文最后对目标企业估值和整合方案的优点和不足进行归纳总结,以寻求最有效的估值整合措施。

Enterprise Valuation and Integration Research of M & A Target

The development process of enterprise is often associated with a series of M&A,and valuation of the target company is often the most important part in the M&A process.This paper conducts a comprehensive analysis on enterprise valuation and integration of M&A target to find the most effective valuation program which is conducive to effective assessment of the target company and the resource integration in the latter period of M&A,and discusses the popular discounted cash flow method in current.The so-called M&A is to buy part or the overall resources of the target company.At first,you must define the M&A,and then valuate the M&A target enterprise,finally integrate the resources.Finally this paper summarizes the strengths and weaknesses of the valuation and integrated solutions of the target company,in order to seek the most effective measures for valuation and integration.