EVA-Based Commercial Bank Value Evaluation Model - Take SPD Bank as an Example

摘要

Commercial banks are a significant part of China's banking industry in solving financing problems for local enterprises. However, with the development of economic globalization and the rapid growth of Internet finance, inter-bank competition is increasingly fierce. How to seize market portion in the keen rivalry, achieve more efficient resources distribution, build a more reasonable achievements appraisal system, and optimize the management model of their daily affairs is closely followed by an increasing number of banks and social public. Based on the perspective of corporate financial evaluation, this paper start with analysis of the basic financial condition of Shanghai Pudong Development bank from the four dimensions of capital composition, asset quality, profitability and growth ability. Then starting from the maximization of the internal value of commercial banks, this paper takes the financial statements of SPD bank from 2014 to 2018 as the analysis object, evaluates the internal value of SPD bank by using the EVA achievements appraisal system and compares the internal value with the trading market price. It finds that the market price of SPD bank was underrated to a great extent by the end of 2018.