Power grid stock right transfer estimation method based on cash flow discount

Abstract

The invention discloses a power grid stock right transfer estimation method based on cash flow declaration. The method belongs to the field of power grid stock right transfer. The method comprises thefollowing steps: S1: initializing a model inputting the capital and debt tables in the previous two years; calculating historical data such as a loss table and a cash flow table and key parameters such as operation activities, operation funds, capital investment, debts and interest, and S2, calculating a model, and calculating a future 13-year asset debt table, a loss table and a cash flow tablein two stages according to set parameters and base period data, and summarizing and predicting long-term and short-term borrowing and cash balance. According to the power grid stock right transfer estimation method, a power grid cash flow sequence is measured and calculated by means of a simulation model; The method is used as a basic science to reasonably determine transfer assessments in the forms of reform and recombination of mixed ownership systems of non-national capital participation national enterprises, reform and income of reform listing or reform and income of reform listing companies of national control stock listing or national control stock listing companies, stock equity purchase, transfer of debts by subscription, stock equity replacement and the like.

Description

technical field [0001] The invention relates to the field of power grid equity transfer, in particular to a valuation method for power grid equity transfer based on cash flow discounting. Background technique [0002] The reform of the power system will enter a new stage of comprehensive pilot and orderly promotion. Power grid enterprises have become the core practitioners of this reform. They have clarified the idea of ​​accelerating the mixed reform of the group as a whole. In the process of its own equity governance structure, the first problem we face is the valuation and pricing of state-owned assets. From the actual situation of my country's current capital market, the valuation of large-cap blue-chip stocks represented by key state-owned enterprises is generally low, which has not yet fully reflected its own value. Asset quality, profitability and true value. Contents of the invention [0003] The purpose of the present invention is to provide a valuation method for ...

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Problems solved by technology

[0002] The reform of the power system will enter a new stage of comprehensive pilot and orderly promotion. Power grid enterprises have become the core practitioners of this reform. They have clarified the idea of ​​accelerating the mixed reform of the group as a whole. In the process of its own equity governance structure, the first problem we face is the valuation and pricing of state-owned assets. From the actual situation of my country's current capital market, the valuation of large-cap blue-chip stocks represented by key state-owned enterprises is generally low, which has not yet fully reflected its own value. Asset Quality, Profitability and True Value

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