| As an important means of transport, the safety and comfort of the vehicle are attached more and more attention. Along with the modern technological revolution, the vehicle has developed from the original mechanical carrier to the intelligent mobile device, and has gradually become an important standard to measure the progress of the country and the social development. With the acceleration of the pace of modern life, as well as the continuous improvement of the production and manufacturing technology and capacity of the automobile industry, the automobile market is becoming more and more huge. Inspired by this, more and more investors and research institutions began to focus on smart car. In this economic environment, how to judge and estimate the actual value of the stock of the listing corporation in the field of intelligent vehicle is very important for the investors to provide scientific advice. But at this stage, with the stock market ups and downs, the more various types of professional investment institutions, small and medium retail investment income is low, the main reason is that a lot of retail investors lack of scientific value investment ideas, in the purchase of stock, cannot effectively stock valuation method to determine whether the current valuation is not blindly follow suit or even completely in accordance with the subjective awareness of the purchase of stocks, will also face greater investment risk. In this paper, based on the relative valuation method of four specific methods, the Asia Pacific shares and the profit of the research case, through detailed data display, calculation and analysis, to provide investors with the value of the stock valuation method, which can better provide methods and basis for the smart car concept stocks.This paper first describes the background and significance of the research: the reasonable valuation of the stock of the smart car industry can provide a reference for the investors, managers and policy makers to provide a reference. The second part is the literature review, which summarizes the research on the stock valuation of the value investment. The third part describes the concept of intelligent vehicle stock valuation, the first inventory of the investment status of the concept of smart car, and describes the significance of the research and the purpose and significance of stock valuation, so that in the macro and micro level in the face of a further understanding of the valuation, but also for the follow-up to the valuation of the actual case to provide a theoretical basis. In the fourth part, the paper introduces the research object of this thesis, and introduces the specific methods and methods of the relative valuation method. The four methods are: PE, PB, PS and PEG, which is the relative valuation method. The fifth part of this article selected the case: the Asia Pacific shares and the actual valuation of the valuation, and the four kinds of valuation methods to compare and analyze the data, and ultimately make a specific valuation of the shares of the two companies. The sixth part is the conclusion and suggestion. The paper gives the suggestion on the investment of the concept of intelligent vehicle, and points out the shortcomings of this paper. Specific conclusions are: 1, the current price earnings ratio is generally high, but the overall level of bank deposit interest rates and the valuation of the industry, the use of PE valuation method for smart car stocks’ valuation, the need to introduce dynamic coefficient; 3, smart car industry growth, high net rate is also high, so the need to consider the company’s profitability, market prospects and scientific research investment and other factors, in addition to the PS and PEG index to understand the company’s market sales status and stock price, earnings per share and net profit growth. And suggest that investors to develop a good investment mentality grasp the best time to sell, and pay close attention to the fundamentals of the listing corporation. |
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