Analysis On Investment Value Of Listed Companies In Pharmaceutical Industry

As an industry closely related to the national economy and the people's livelihood,the pharmaceutical industry plays a vital role in the development of the national economy.With the special nature of the industry,the pharmaceutical industry has become a rapid development and market prospects of the sunrise industry.In 2009,the CPC Central Committee promulgated the opinions on deepening the reform of the medical and health system.During the year 12th Five-Year,Countries will also focus on the development of modern Chinese medicine and biotechnology industry,a series of measures for China's pharmaceutical industry provides opportunities for development.But from the point of view of global development,China's pharmaceutical industry scale and production level is lower than the developed countries in the world,the lack of influential and competitive brands at home and abroad.The development of the industry is not balanced.In this case,it is particularly important for investors to determine the investment value of listed companies.The investment value of enterprises is closely related to the interests of investors.This paper takes the investment value of Listed Companies in pharmaceutical industry as the research object,put forward some suggestions on the development of the industry,and provide some reference for investors in Listed Companies.Firstly,this paper uses the method of qualitative analysis to sort out the basic theory of the research on investment value at home and abroad.By using the basic analysis method,this paper investigates the factors that affect the development of the listed companies through the macroeconomic environment,industry development,the enterprise's own situation,and analyzes the development of China's pharmaceutical industry.In the quantitative analysis of the investment value of the listed companies in the pharmaceutical industry,this paper selects 169 pharmaceutical industry listed companies in 2013-2015 financial indicators.Through the establishment of the investment value evaluation system,the factor analysis method is used to analyze the investment value.Through factor analysis,this paper draws the influence of 14 financial indicators on the company's investment value,then calculate the comprehensive score of the investment value of the final score ranking,combined with three years of ranking analysis of better performance of the company,the company may have a higher ranking investment value.Analysis of the investment value of Chinese medicine sub industry,chemical pharmaceutical sub industry,bio pharmaceutical industry,and get some suggestions for investors.