Proceedings of the 2022 4th International Conference on Economic Management and Cultural Industry (ICEMCI 2022)

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Research on the Evaluation of LONGi’s Enterprise Value Based on DCF model

Authors
Qianyu Zhou1, *
1Business and Economics, Finance School, Shanghai University of International, Shanghai, 201620, China
*Corresponding author. Email: helenchozqy@163.com
Corresponding Author
Qianyu Zhou
Available Online 27 December 2022.
DOI
10.2991/978-94-6463-098-5_230How to use a DOI?
Keywords
DCF model; LONGi; value assessment; solar photovoltaic industry
Abstract

With the rapid development of solar photovoltaic industry, the evaluation of photovoltaic enterprises value becomes a hot issue. Under the background of COVID-19, it is also a remained problem that whether photovoltaic enterprises in NON-OECD countries such as China are worth to invest. To solve those questions, based on the existing researches, this paper takes LONGi as an example, using two-stage DCF model to make company valuation from forecasts of operation to discount of free cash flow. By comparing the value per share calculated with the price per share provided by market, this paper makes a conclusion that it is not a good time for conservative investors to invest in. This paper provides a case study in NON-OECD countries for investment in photovoltaic industry during COVID-19, and reflects the market’s appreciation on the development of Chinese photovoltaic industry which means the industry has potential and it is worth to observe constantly in the future as a long-term investment choice.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2022 4th International Conference on Economic Management and Cultural Industry (ICEMCI 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
27 December 2022
ISBN
10.2991/978-94-6463-098-5_230
ISSN
2352-5428
DOI
10.2991/978-94-6463-098-5_230How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Qianyu Zhou
PY  - 2022
DA  - 2022/12/27
TI  - Research on the Evaluation of LONGi’s Enterprise Value Based on DCF model
BT  - Proceedings of the 2022 4th International Conference on Economic Management and Cultural Industry (ICEMCI 2022)
PB  - Atlantis Press
SP  - 2057
EP  - 2064
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-098-5_230
DO  - 10.2991/978-94-6463-098-5_230
ID  - Zhou2022
ER  -