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 evaluation method of small-and-medium enterprises (SMEs) in China is less, and lack of reasonable evaluation 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 evaluation theory, the general company evaluation process and the analysis methods, and combining with the characteristics of SMEs to design company evaluation process and reasonable improve evaluation methods. The methods mainly targeted at discounted cash flow method. It is used for the solution to the shortage of current company evaluation on China's SMEs and expecting to establish and perfect the system of SMEs evaluation, 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) Evaluation flow The core value Discounted cash flow model