Valuation Application of Residual Income Model in Information Technology Industry——Taking Hikvision as an Example
The information technology industry has technology-intensive characteristics.By comparing the applicability of traditional valuation methods and residual income model to the information technology industry,the residual income model is finally chosen for valuation.DuPont analysis and price-to-book ratio are added to the residual income model,and Hikvision is used as an example for enterprise value analysis.At the same time,a reasonable forecast was made based on the financial data of the enterprise in the past years to arrive at the enterprise value on the valuation reference date.Comparing with the actual market value,it is found that the two are similar,which indicates that the residual income model has certain rationality and effectiveness,and can better understand the real value of the enterprise,so as to make a more informed investment decision.
residual income modelHikvisionenterprise value assessment
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