The Analysis Of Stock Investment Value Of Tutong Company

With the continuous development of China's securities market and norms, the majority of the investors concept matures, choice and value rational investment portfolio investment is slowly become the mainstream concept. Over the years, the value of the securities investment concept in the United States, Japan and other countries has made the stock market excess returns, but the value of domestic investment is still in the initial stage. Value of stock investment is a long-term observation of the real stock market price reflects the company's business prospects and where the economic environment, proper assessment of the value of the stock, thereby reducing blind investment arising from investment risks. Assessing a company's intrinsic value, which is both a science and an art. It needs to use economics, financial accounting, investment science and other knowledge, also requires the management of enterprises, the actual operation with a relatively detailed understanding.On the investment value of listed companies should be a theoretical study and practical application of the combination process.Based on the Shanghai Stock Exchange-listed shares of stock of Yutong Bus (600066) for systematic and comprehensive investment value analysis showed that the operating business of Yutong Bus Company and the Development of good, with some of the strategic development capacity, based on quantitative analysis tool, that discounted cash flow model and price-earnings ratio, book value of the quantitative analysis, the results showed that the stock should be valued Yutong securities companies for the 14-21 dollars range. Through this research, both in the microscopic analysis of Yutong Bus Co., Ltd. to promote their stock value, to invest in the stock investors Yutong Bus Co., Ltd. to provide an effective analysis of investment value of shares of listed companies the reference model, or at the macro level, the value of equity investments in China and methods of scientific analysis model construction, are no doubt has some theoretical and practical value.Must be noted that the investment value of listed companies is a very complex problem, to achieve accurate analysis, not only very comprehensive theory of knowledge but also a wealth of practical experience and profound insight, the author made only a kind of preliminary discussion, hoping to make an analysis investment value of listed companies viable solution.