Study Of The Cement Investment Value Of Listed Companies

China's securities firms have attracted the vast number of investors, but the process of development in China's stock market, stock prices are far away from its intrinsic value. At present, the common stock assessment model and the multi-evaluation system are based on the basis of business accounting profits that is difficult to accurately and objectively measure the true value of the enterprise. so, how to help investors to adhere to the correct orientation of value investing, value analysis to master a powerful tool, the correct evaluation of the quality of listed companies, recognizing the intrinsic value is very important.Cement industry is an important industry in our national economic development. Since 2009, the cement industry in good economic operation, rapid growth in output, sales have steadily risen, significantly improve efficiency, speed up structural adjustment, cement the company's performance has been the rapid increase, China's stock market is full of investment opportunities in the cement sector.Investment Value of Listed Companies is a theoretical study and practical application of the process of combining. In this paper, Based on a large number of related literature, accorded to the characteristics of cement listed companies, listed companies through liquidity, operational capacity, long-term solvency, profitability and investment income and other indicators of capacity analysis, design a real estate investment in listed companies in the Comprehensive Assessment System, the comprehensive evaluation Model reflects the cement industry, the overall situation of listed companies, ranking the company obtained the development of industry-current and expected, and conch cement Sinoma International Ranking of listed companies in the industry has a high position and competitive advantage, they have investment value.On this basis, this paper evaluated the intrinsic value of conch cement based on past financial data of conch cement, through the bold analysis and prediction, from the Angle of equity investors, with the help of equity free cash flow model and EVA method.the two methods of calculating the intrinsic value of the conch cement tends to be consistent, and the value significantly higher than conch cement current market value, through the analysis and comparison, this paper argues that conch cement currently most growth, with strong investment value. The author thinks, the listed company comprehensive evaluation model can be extended to other industries, the analysis and research on the key lies in EVA method of adjusting income statement and balance sheet. The key of equity free cash flow model is effective and reasonable use of forecasting the future advocate income situation, the difficulty of the discount rate estimates, in the process of application, according to the characteristics of their own industries and enterprises to reasonable effective measure. Therefore, in actual use, will this three various methods used in combination, can make broad investors found investment opportunities, reasonable and effective at risk.