Stock Price Valuation Method And Influencing Factors

In December1990and June1991, Shanghai and Shenzhen stock exchange has more than20years of history. In this period it appeared such as the2006-2007year Bull Market and2008years Bear Markets when the economic crisis of the sluggish. The investor, even if investment fund which has a large number of analysis experts in the process do not know what to do. Especially401K plan been vividly portrayed, China’s social security fund will raise the share of investment products (30%), A shares can’t be understood as A speculative arbitrage place, but an effective platform of China’s economic development and coping with long-term inflation higher. In this turning of the stock market, people have to re-examine the securities market, and re-examine the stock valuations method again.The paper select eight kinds of stock valuation method that more widely used, including:4kinds of relative valuations method (PE valuation method, PB valuations method, PS valuation method, EV/EBITDA valuation method and PEG valuation method) and3kinds of absolute valuation method:(CAMP valuation method, DCF valuations method, EVA valuation method), and introduces the section with home appliance for an example of suitability analysis; In addition some important factors research and analysis concluded that the assessment of the section about home appliances related Suggestions, such as influence home appliance plate:the influence of the real estate industry, the influence of raw material price and so on.The conclusion of the paper for, no matter the estimating method, which is better or worse, different professions and different company valuations should choose the valuation method. In terms of home appliance relative valuations PEG the valuations and the absolute valuations DDM valuation method is relatively reasonable; In addition, the influence of the important factors in real estate industry sales data and home appliance sales data and related home appliance company positively related to share price, and the prices of raw materials and related company shares into negative correlation. Put the above factors to join the traditional valuation model and the valuation results more close to the real value.