Listing The Company's Value Of Investment Applications

First, this article bases on the value investment application's rationale, draw the conclusion that the value investment was not only feasible and has analyzed deep reasones of this theory. Take"the limited rational person"as the core supposition, has elaborated the value investment rationale, pointed out that through the fundamental analysis and evaluation and assess the intrinsic value, decision-making in the value and the price fluctuations can be carried on, which will lead to low risk, the high repayment opportunities for investment.Then, the article constructs value investment central content: fundamental analysis index system and evaluation of the fundamentals. Based on the financial situation, the key competitiveness, the management and operation, the external environment have provided a complete, systematization's fundamental analysis system for the investor clearly. The article uses Fuzzy AHP and definite index weighing and grading, obtains synthesis grading of the fundamental analysis, which takes to evaluate intrinsic value.Furthermore, the article carries on the evaluation of the intrinsic value through the stockholder's rights free cash flow discounting, has established a discount model based on evaluation of the fundamentals. The model forecasts in the future the cash flow through the analysis key actuation factor, will obtain the cash flow two crucial variable: the discount rate and the future cash flow. They have established the intrinsic logical relation.Then the article chooses a company, based on fundamental analysis, evaluation of the fundamentals, evaluation of the intrinsic value, investment decision, from practice angle that proofs value investment feasibility and superiority.Finally this article pointed out that the value investment's rationale, the fundamental analysis and evaluation, evaluation of the intrinsic value have formed a unified one, enabled the value investment to have the very strong superiority and the use value, could direct the investor surely to carry on scientifically the investment analysis and the decision-making, and defeated the market finally.