Empirical Research On Investment Value Evaluation Of China’s Agricultural Listed Companies

Agriculture is the source of human food and clothing, is the basis condition for the survival. In such a large population of traditional agricultural country, agriculture is the stability of the world’s industry; are stable development of the country and the foundation of the national economy; are keeping our country in international competition independent foundation. Since the listing of the country’s first listed company Shanghai Agricultural Union agriculture shares in China’s stock market in 1992, there have been agricultural listed companies listed, delisting and restructuring, as of the end of 2013 China had 40 agricultural listed companies, stock exchanges in Shanghai and Shenzhen Stock Exchange, respectively 14 and 26, respectively, accounting for 35% and 65%. Due to the special nature of agriculture and the risks of investing in the stock market, it is necessary for agricultural investment value of listed companies to evaluate research, which can not only provide a reference for investors when making investment decisions, to avoid unnecessary losses; also conducive to the development of agricultural listed companies to strengthen their management and relevant national agricultural policy.Firstly, a lot of reading in the investment value of listed companies on the basis of the relevant literature on the investment value of the underlying theory to sort out the relevant factors and fundamental analysis and technical analysis of the two methods most basic valuation and investment value investment approach will be elaborated; then, I had the basic status of the agricultural industry and the agricultural sector listed companies with regional distribution of the size of the share capital and operating conditions of the status quo described in detail, and with the national average comparison of listed companies; Furthermore, expounding the basis for building the basic principles of investment value assessment system built on top of the agricultural classes listed companies to invest in value assessment system; Finally, the use of factor analysis, starting from the agricultural listed company’s profitability, solvency, operational capabilities and the ability to grow on Shenzhen and Shanghai agricultural listed companies in 2012 and 2013 comparative financial data for analysis, exploring agricultural investment value of listed companies, and identify agricultural listed companies are undervalued stocks with reference to earnings analysis:Fortune Ng Fung, Denghai, One Bridge fry, one hundred foreign shares, Lu B shares and the Great Lakes, such as; and overvalued stocks:people and share probiotic shares, universal Denon, Huaying Agriculture and St. agricultural development. And overvalued listed companies. And based on the results for investors to invest in the stock market activities proposed propose appropriate suggestions.