Abstract
The globalization economic is currently in a period of great development, China's capital market has been tied to the international capital market. At present, China's small-and-medium enterprises (SMEs) are developing very fast, but the study of the eva luation method of small-and-medium enterprises (SMEs) in China is less, and lack of reasonable eva luation methods of small-and-medium enterprises (SMEs), so there are many problems in SMEs’ financing, mergers and shares exchanges, equity investment. It has hampered the development of SMEs to a certain extent.
This thesis will start with the basic company eva luation theory, the general company eva luation process and the analysis methods, and combining with the characteristics of SMEs to design company eva luation process and reasonable improve eva luation methods. The methods mainly targeted at discounted cash flow method. It is used for the solution to the shortage of current company eva luation on China's SMEs and expecting to establish and perfect the system of SMEs eva luation, and better outstanding reflecting the investment value of SMEs. In conclusion it will accelerate our pace of development of SMEs.
Key words: Small-and-medium enterprises(SMEs) eva luation flow The core value Discounted cash flow model