The Research On The Investment Value Of Listed Companies Based On The Intrinsic Value Of The Enterprise

With the development of economic globalization,the investment risk increases with the constantly increasing of the market uncertainty factors,so correct and reasonable assessment investment value of the enterprise more and more important.How to comprehensive and scientific evaluate the investment value of listed companies,has attracted more and more attention from investors.Due to the particularity and irrational fluctuation of the securities market,the traditional analysis method has certain limitations,so set up a better measure of quantitative analysis model of investment value of listed companies.In this paper,based on the intrinsic value of the enterprise of the listed company investment value analysis model is established.First of all,introduce the research status at home and abroad about the enterprise investment value,this paper expounds the related theory of the enterprise internal value and investment value.Here the investment value of listed companies refers to the investment value of shares,the shares are public issued by listed companies and circulate in the secondary market,then according to the size of the stock of "intrinsic value" and the stock price to determine whether a stock has investment value.From both inside and outside two aspects analyzes the factors affecting the intrinsic value of the enterprise,constructs the evaluation index system of the intrinsic value of listed companies,combines with factor analysis method to evaluate the intrinsic value of listed companies,and discusses the results,and finally uses regression analysis to determine the investment value analysis model of listed companies,so establishes a relatively comprehensive and objective investment value analysis method.In addition,by combing and summary of relevant theoretical literature found that most of the current research only considers the financial factors,so in this paper,on the basis of predecessors’ research considers the non-financial factors influence on the intrinsic value of the enterprise,from the six aspects including the profit ability,operation ability,development ability,debt paying ability,human capital and intellectual property rights construct the evaluation index system of the listed company’s intrinsic value.In this paper,we study the following conclusions:(1)The evaluation index system of the listed company’s intrinsic value contains six aspects: the profit ability,operation ability,development ability,debt paying ability,human capital and intellectual property rights;(2)Evaluating the listed company’s intrinsic value,the evaluation results can not only be used by investors,enterprise managers can be targeted to take measures to improve the company’s intrinsic value;(3)The listed company investment value analysis model is established,investors can predict stock’s intrinsic value by it to judge whether the target enterprise has investment value,so as to make reasonable investment decision and reduce the investment risk.In this paper,having the following drawbacks: the limits of the index selection,because there are many factors that can affect the intrinsic value of the enterprise,this paper chose only 23 index is evaluated,in addition,the applicability of the evaluation model for other industries and other enterprises need to explore and perfect constantly,because the market is changing,at any time may be a new situation arises,so in the future study need to be continuous improvement and perfection.