Investment Value Of Listed Companies

According with the characteristics of Chinese securities market that is changing from an emerging market into a mature one, the thesis analyzes the macro-economic situation firstly, especially for focusing on the effects of the macroeconomic trends and the future development of the automotive components industry.Secondly, the thesis analyzes the development characteristics of the current automotive and automotive components industry, the advantages and disadvantages of the industrial chain, and the industry profitability and valuation level based on the supplies and demands of the whole industry and the growth trend.Then, the thesis analyzes the main financial indicators of the major listed companies in the auto-components industry; selects the leader ones by calculating the industry average index of the indicators and screening and ranking from thesedatum. The listed corporations acquired the top 5 comprehensive socrs by using Wal proporation method's calculation could be valued their stock prices next step.Finally, not only the free cash flow for the company method of the absolute valuation but also the earning price ration method of the relative valuation are used to analysis 5 listed companies sotck prices comprehensively. The final valuation results show that all 5 stocks' present prices are in a reasonable range now.This thesie aims to provide a model for ordinary investors that how to select some excellent companies from an industry listed ones. Let the investors to judge the stock investment value by kinds of valuation methods combining with the analysis of the marco-economic situation and the development of the industry.