| With the development of economic, the improvement of company, and the richness of investment capital, the stock market is booming since November, 2003. At the same time, value investment is prevailing , value finding is the rhythm , and the investment model basted on the background , development and achievement of public company is becoming the market focus .The three financial reports are the reflection of the operation achievement and financial status of public company. How to search the proper public company which has investment value throw different kinds of indexes is becoming the focus of thought of investors . In the report , the writer is studying the investment value of public company throw analyzing cash flow , simultaneously referring to reverent keys of value investment ,and the report is trying to uncover the inherent relationship between cash flow analyzing and value investment , aim at explaining the decisive effect of cash flow analyzing during value investment , in order to provide useful hints to numerous investors. |