"DFYH" Investment Analysis And Market Valuation Research

China's securities industry from 1990 began to develop,has been 26 years of development history.During these 26 years,China's securities and securities market in the virtual currency of the warning to the social and economic life has a multifaceted impact.The company listed on the stock market from a dozen companies in 1990,has been developed to accommodate thousands of companies,Shenzhen,Shanghai,three new board,small board,the gem and other sectors,and focus on the stock market of our country,the formation of multi-level financial institutions.On the whole,China's securities market development,financing,investment guidance,improve the credit economy,the formation of capital price,the rational allocation of resources to risk management,macro regulation plays an irreplaceable role in the capital.From the management perspective,the securities market of our country fully play its due role and value,provides investment channels for the majority of the people,to provide financing channels for listed enterprises,provide services for the output of wisdom.But,in the author's point of view,the stock market of our country still has the space of the further rise.Especially the trend of the stock,technology and other aspects of the study is endless.The investing public to participate in the market,the stock from the fundamentals,with the increase of enterprise value,profit from the capital market,is really effective way.In this paper,from the point of view of the stock purchase,mainly through the target stock-DFYH(002271)of the financial data analysis.In the process of analysis,mainly uses the financial value analysis method,relative valuation method and BEAT coefficient method of stock DFYH profitability,operating capacity,solvency,development ability and the stock since December 31,2015 after the relative valuation and risk analysis,finally through 2016,2017 and 2018 business performance anticipation,and the 2016 stock trend to verify the method.Through the stock movements in 2016,it is proved that this method is effective.