依(Yi)照(Zhao)我(Wo)国(Guo)公(Gong)司(Si)法(Fa)规(Gui)定(Ding)，(?)企(Qi)业(Ye)需(Xu)要(Yao)定(Ding)期(Qi)进(Jin)行(Xing)股(Gu)权(Quan)评(Ping)估(Gu)，(?)股(Gu)东(Dong)股(Gu)权(Quan)转(Zhuan)让(Rang)时(Shi)候(Hou)也(Ye)要(Yao)进(Jin)行(Xing)股(Gu)权(Quan)评(Ping)估(Gu)。(?)那(Na)么(Me)什(Shi)么(Me)是(Shi)股(Gu)权(Quan)评(Ping)估(Gu)，(?)股(Gu)权(Quan)评(Ping)估(Gu)的(De)方(Fang)式(Shi)有(You)什(Shi)么(Me)呢(Ne)?

1、(?)什(Shi)么(Me)是(Shi)股(Gu)权(Quan)评(Ping)估(Gu)

在(Zai)转(Zhuan)让(Rang)股(Gu)权(Quan)的(De)过(Guo)程(Cheng)中(Zhong)，(?)需(Xu)要(Yao)进(Jin)行(Xing)股(Gu)权(Quan)评(Ping)估(Gu)。(?)股(Gu)权(Quan)评(Ping)估(Gu)就(Jiu)是(Shi)找(Zhao)一(Yi)个(Ge)权(Quan)威(Wei)的(De)、(?)有(You)资(Zi)格(Ge)的(De)机(Ji)构(Gou)对(Dui)所(Suo)持(Chi)股(Gu)权(Quan)的(De)现(Xian)有(You)价(Jia)值(Zhi)进(Jin)行(Xing)估(Gu)计(Ji)。(?)

毋(Wu)庸(Yong)置(Zhi)疑(Yi)，(?)零(Ling)售(Shou)-连(Lian)锁(Suo)企(Qi)业(Ye)融(Rong)资(Zi)前(Qian)的(De)市(Shi)场(Chang)估(Gu)值(Zhi),无(Wu)论(Lun)是(Shi)对(Dui)老(Lao)股(Gu)东(Dong)还(Huan)是(Shi)新(Xin)股(Gu)东(Dong)而(?)言(Yan),都(Du)是(Shi)非(Fei)常(Chang)重(Zhong)要(Yao)的(De)。(?)由(You)于(Yu)筹(Chou)资(Zi)人(Ren)与(Yu)投(Tou)资(Zi)人(Ren)在(Zai)此(Ci)筹(Chou)资(Zi)活(Huo)动(Dong)结(Jie)束(Shu)之(Zhi)后(Hou)将(Jiang)要(Yao)合(He)作(Zuo)共(Gong)事(Shi)，(?)因(Yin)此(Ci)这(Zhe)类(Lei)筹(Chou)资(Zi)活(Huo)动(Dong)通(Tong)常(Chang)是(Shi)在(Zai)融(Rong)洽(Qia)的(De)氛(Fen)围(Wei)中(Zhong)进(Jin)行(Xing)的(De)。(?)不(Bu)过(Guo)有(You)一(Yi)点(Dian)应(Ying)该(Gai)要(Yao)明(Ming)白(Bai):如(Ru)果(Guo)公(Gong)司(Si)融(Rong)资(Zi)前(Qian)的(De)价(Jia)值(Zhi)被(Bei)高(Gao)估(Gu),原(Yuan)有(You)股(Gu)东(Dong)将(Jiang)从(Cong)中(Zhong)受(Shou)益(Yi):如(Ru)果(Guo)公(Gong)司(Si)融(Rong)资(Zi)前(Qian)的(De)价(Jia)值(Zhi)被(Bei)低(Di)估(Gu),新(Xin)股(Gu)东(Dong)将(Jiang)从(Cong)中(Zhong)受(Shou)益(Yi)。(?)

2、(?)股(Gu)权(Quan)评(Ping)估(Gu)的(De)方(Fang)法(Fa)

股(Gu)权(Quan)价(Jia)值(Zhi)评(Ping)估(Gu)方(Fang)法(Fa)主(Zhu)要(Yao)有(You)：(?)收(Shou)益(Yi)现(Xian)值(Zhi)法(Fa)、(?)重(Zhong)置(Zhi)成(Cheng)本(Ben)法(Fa)、(?)现(Xian)行(Xing)市(Shi)价(Jia)法(Fa)和(He)清(Qing)算(Suan)价(Jia)格(Ge)法(Fa)。(?)

a、(?)收(Shou)益(Yi)现(Xian)值(Zhi)法(Fa)

应(Ying)用(Yong)收(Shou)益(Yi)法(Fa)必(Bi)须(Xu)具(Ju)备(Bei)的(De)基(Ji)本(Ben)前(Qian)提(Ti)有(You)：(?)

(1)评(Ping)估(Gu)对(Dui)象(Xiang)的(De)未(Wei)来(Lai)预(Yu)期(Qi)收(Shou)益(Yi)可(Ke)以(Yi)预(Yu)测(Ce)并(Bing)可(Ke)以(Yi)用(Yong)货(Huo)币(Bi)衡(Heng)量(Liang);

(2)资(Zi)产(Chan)拥(Yong)有(You)者(Zhe)获(Huo)得(De)预(Yu)期(Qi)收(Shou)益(Yi)所(Suo)承(Cheng)担(Dan)的(De)风(Feng)险(Xian)可(Ke)以(Yi)预(Yu)测(Ce)并(Bing)可(Ke)用(Yong)货(Huo)币(Bi)衡(Heng)量(Liang);

(3)评(Ping)估(Gu)对(Dui)象(Xiang)预(Yu)期(Qi)获(Huo)利(Li)年(Nian)限(Xian)可(Ke)以(Yi)预(Yu)测(Ce)。(?)

用(Yong)收(Shou)益(Yi)现(Xian)值(Zhi)法(Fa)进(Jin)行(Xing)资(Zi)产(Chan)评(Ping)估(Gu)的(De)，(?)应(Ying)当(Dang)根(Gen)据(Ju)被(Bei)评(Ping)估(Gu)资(Zi)产(Chan)合(He)理(Li)的(De)预(Yu)期(Qi)获(Huo)利(Li)能(Neng)力(Li)和(He)适(Shi)当(Dang)的(De)折(Zhe)现(Xian)率(Lu)，(?)计(Ji)算(Suan)出(Chu)资(Zi)产(Chan)的(De)现(Xian)值(Zhi)，(?)并(Bing)以(Yi)此(Ci)评(Ping)定(Ding)重(Zhong)估(Gu)价(Jia)值(Zhi)。(?)

b、(?)重(Zhong)置(Zhi)成(Cheng)本(Ben)法(Fa)

用(Yong)重(Zhong)置(Zhi)成(Cheng)本(Ben)法(Fa)进(Jin)行(Xing)资(Zi)产(Chan)评(Ping)估(Gu)的(De)，(?)应(Ying)当(Dang)根(Gen)据(Ju)该(Gai)项(Xiang)资(Zi)产(Chan)在(Zai)全(Quan)新(Xin)情(Qing)况(Kuang)下(Xia)的(De)重(Zhong)置(Zhi)成(Cheng)本(Ben)，(?)减(Jian)去(Qu)按(An)重(Zhong)置(Zhi)成(Cheng)本(Ben)计(Ji)算(Suan)的(De)已(Yi)使(Shi)用(Yong)年(Nian)限(Xian)的(De)累(Lei)积(Ji)折(Zhe)旧(Jiu)额(E)，(?)考(Kao)虑(Lu)资(Zi)产(Chan)功(Gong)能(Neng)变(Bian)化(Hua)、(?)成(Cheng)新(Xin)率(Lu)等(Deng)因(Yin)素(Su)，(?)评(Ping)定(Ding)重(Zhong)估(Gu)价(Jia)值(Zhi);或(Huo)者(Zhe)根(Gen)据(Ju)资(Zi)产(Chan)的(De)使(Shi)用(Yong)期(Qi)限(Xian)，(?)考(Kao)虑(Lu)资(Zi)产(Chan)功(Gong)能(Neng)变(Bian)化(Hua)等(Deng)因(Yin)素(Su)重(Zhong)新(Xin)确(Que)定(Ding)成(Cheng)新(Xin)率(Lu)，(?)评(Ping)定(Ding)重(Zhong)估(Gu)价(Jia)值(Zhi)。(?)

c、(?)现(Xian)行(Xing)市(Shi)价(Jia)法(Fa)

用(Yong)现(Xian)行(Xing)市(Shi)价(Jia)法(Fa)进(Jin)行(Xing)资(Zi)产(Chan)评(Ping)估(Gu)的(De)，(?)应(Ying)当(Dang)参(Can)照(Zhao)相(Xiang)同(Tong)或(Huo)者(Zhe)类(Lei)似(Si)资(Zi)产(Chan)的(De)市(Shi)场(Chang)价(Jia)格(Ge)，(?)评(Ping)定(Ding)重(Zhong)估(Gu)价(Jia)值(Zhi)。(?)

d、(?)清(Qing)算(Suan)价(Jia)格(Ge)法(Fa)

用(Yong)清(Qing)算(Suan)价(Jia)格(Ge)法(Fa)进(Jin)行(Xing)资(Zi)产(Chan)评(Ping)估(Gu)的(De)，(?)应(Ying)当(Dang)根(Gen)据(Ju)企(Qi)业(Ye)清(Qing)算(Suan)时(Shi)其(Qi)资(Zi)产(Chan)可(Ke)变(Bian)现(Xian)的(De)价(Jia)值(Zhi)，(?)评(Ping)定(Ding)重(Zhong)估(Gu)价(Jia)值(Zhi)。(?)

e、(?)注(Zhu)重(Zhong)行(Xing)业(Ye)标(Biao)杆(Gan)的(De)参(Can)考(Kao)企(Qi)业(Ye)比(Bi)较(Jiao)法(Fa)和(He)并(Bing)购(Gou)案(An)例(Li)比(Bi)较(Jiao)法(Fa)

参(Can)考(Kao)企(Qi)业(Ye)比(Bi)较(Jiao)法(Fa)和(He)并(Bing)购(Gou)案(An)例(Li)比(Bi)较(Jiao)法(Fa)通(Tong)过(Guo)对(Dui)比(Bi)与(Yu)被(Bei)评(Ping)估(Gu)企(Qi)业(Ye)处(Chu)于(Yu)同(Tong)一(Yi)或(Huo)类(Lei)似(Si)行(Xing)业(Ye)和(He)地(Di)位(Wei)的(De)标(Biao)杆(Gan)对(Dui)象(Xiang),获(Huo)取(Qu)其(Qi)财(Cai)务(Wu)和(He)经(Jing)营(Ying)数(Shu)据(Ju)进(Jin)行(Xing)分(Fen)析(Xi),乘(Cheng)以(Yi)适(Shi)当(Dang)的(De)价(Jia)值(Zhi)比(Bi)率(Lu)或(Huo)经(Jing)济(Ji)指(Zhi)标(Biao),从(Cong)而(?)得(De)出(Chu)评(Ping)估(Gu)对(Dui)象(Xiang)价(Jia)值(Zhi)。(?)