以鞍钢为例探讨企业价值评估

近几年,我国经济发展迅速,作为国民经济基础产业的钢铁行业由于钢铁需求量剧增而快速发展。同时,中央提出“振兴东北地区等老工业基地”计划,给钢铁行业的发展带来新的机遇。本文以鞍钢新轧股份有限公司为例,运用自由现金流量定价模型,评估鞍钢新轧的企业价值,以辅助投资者进行投资决策和管理者进行战略决策。 

Disscussion on the Enterprise Valuation--Take An Gang Steel Co. Ltd. As an Example

The Chinese economy has been developing rapidly in the recent years.Consequently,the steel industry has been benefited as the increasing demand of iron and steel.Also,under the Chinese government's proposal to "prosper the old industry base in the northeast provinces",the steel mills in this area get an excellent opportunity for their future development.This article,taking AnGang Steel Company Limited as an example,uses the Free Cash Flow Model to estimate its enterprise value morder in order to facilitate the investors and managers in their decision-making processes.