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当前产能过剩条件下,国家开始对部分行业规范整顿,引导企业之间的有序兼并收购与强强联合,在这些过程中,对被并购企业的估值显得格外重要,当前的估值模型分为收益法、市场法、成本法、实物期权法。但是在一些行业,由于其行业特殊的特点,就需要我们对其业务剥离,用合适的方法予以评估。本文针对钛白粉行业的要搞技术创新与应用又有传统生产行业特征的特点,简单阐述了实物期权法和收益法的组合方法在该领域的应用理念。
Under the current overcapacity conditions, the state began to standardize the rectification of some industries and guide the mergers and acquisitions between the mergers and acquisitions in an orderly manner. In these processes, the valuation of mergers and acquisitions companies is particularly important. The current valuation model For income method, market method, cost method, real option method. However, in some industries, due to the special characteristics of their industries, we need to divest their businesses and assess them in a suitable way. In this paper, titanium dioxide industry to engage in technological innovation and application of traditional characteristics of the characteristics of the production industry, a simple exposition of the combination of real options and income methods in the field of application of the concept.