Study Of The Investment Value Of Listed Companies In Building Material Industry

The development of securities market in China is not yet mature in recent years, sothere still exists the phenomenon in irrational investment, which makes the stock price ofListed companies deviate from their intrinsic value, resulted in greater volatility, andinvestors assume so a greater risk that this hinders the development of securities market.Building materials industry is an important part of the national economy, and thepromotion of urbanization stimulates the demand for citizens to live, transportation, waterconservancy, municipal infrastructure, the progress of science and technology upgrade thebuilding materials industry and provides a good platform for the stable growth ofbuilding materials industry in China and good prospects for development. However,environmental pollution problems, overcapacity problems prompted the transformation oftraditional building materials industry, which gives the building materials industrychallenges. It’s a problem that how to select the most investment value stocks among theopportunities and challenges of building materials industry.Firstly, this article arranges some study on the investment value of the evaluationabout listed companies both domestic and international. Analysis and compare majoranalysis school of securities investment value. Then, it qualitative analyses themacroeconomic factors that affect the value of listed companies to invest in the buildingmaterials industry basing on the basic analysis. The financial data of42sample companieswere selected for the study to establish the principal component analysis model, using theSPSS statistical analysis, we quantitative study the investment value of listed companies inthis industry, and judge whether the companies overvalued or not. At last, we selectBNBM as a research object, explorer the discounted free cash flow model in the companyand provide effective advice to investment decisions of investors.