Listed Companies Evaluation System

The stock market in China mainland has achieved great success during the past ten years. It has been playing a more and more important role in the national economy. While the stock market continues developing and standardizing, the number of listing companies and the investors keep increasing. How to evaluate the listing companies accurately has becoming an important criteria that the supervisory institution use to enhance the marketing supervision and the investors use to select the investment target and time.This thesis first reviews the evaluation theory about the listing company, then analyzes the existing listing company's evaluation system in the world, it continues to analyzes some problems which have occurred during the listing company's evaluation process and discuss how to perfect the evaluation system. Based on these, referring to the experience of listing company's evaluation system in developed countries, considering China's reality, utilizing modem scientific evaluation theories and statistical theories, and employing tactics integrating qualitative and quantitative analysis, this thesis has designed a new listing company's evaluation system. Finally, the thesis uses this system to evaluate the companies that listed in Shenzhen New Component Index.The new evaluation system not only evaluates the listing company's fundament, but also introduces a new idea: market evaluation and integrates the fundamental evaluation and market evaluation. This new evaluation system can be used as a practical tool for the investor to do the investment and for the supervisory institution to judge if the market is over opportunistic.