摘 要在现代企业制度不断健全的背景下，证券市场也迎来了发展的良机，整体水平不断提高，在这样的背景下，企业价值的重要意义也逐渐被人们所熟知，尤其是对于投资者和企业来说，正确评估企业价值往往发挥着决定性作用。另一方面企业价值评估也处于动态发展之中，尤其是其具体途径往往随着行业的变化而不断改进，评估的最终结果也无限趋近于企业的真实状况。在新的宏观环境之下，公司要想实现进一步发展，就必须要提高评估公司价值的准确性。 本文的研究建立在参考了有关前人理论研究成果的基础上，选择汤臣倍健上市公司为例，在兼顾理论和实例的基础上评估该企业的实际价值。此次之外，在评估公司价值的途径方面，本文的具体选择是以现金流量为切入点，在此基础上针对性的选择现金流量折现法，而且将最后的评估结果和公司真实的状况进行详细对比，在此基础上检验评估结果的准确性，进而知晓现金流量贴现模型的效果如何，找出其中存在的问题。关键词：企业价值；评估方法；自由现金流量；现金流量折现法IAbstractWith the gradual maturity of the securities market and the continuous improvement of modern enterprise system, it is more and more clearly realized that the correct evaluation of enterprise value is significant for investors and individuals. At the same time, the evaluation method of enterprise value is constantly innovating and perfecting, and the value of the evaluation is becoming more and more close to the real value of the enterprise. The accurate evaluation of the value of the company is a significant feature of the new era, which has gradually become a popular trend.This paper draws on the basis of the latest research results at home and abroad, to besunyen listed company as an example, the combination of theoretical research and practice of the case to assess the value of the enterprise. In the process of analysis, the following four aspects are analyzed from the following aspects: the selection of evaluation methods, the valuation of company's value, the practical a...
