| In recent years,the popularity of the Internet led to the development of e-commerce,the rise of e-commerce has promoted the courier industry changes.To the postal courier as the representative of the state-owned enterprises can not quickly adapt to changes in market demand,private courier companies began to flourish.With the increasing competition,private express business enterprises need to expand the scale of operation and market share,capital demand is growing.As the IPO process is slow,more restrictive conditions,private courier companies have to seize the market through the backdoor market opportunities,to achieve business transformation and upgrading.Express business backdoor listing makes the industry grow rapidly,income continues to rise.Based on the stock price of securities technology analysis can not clearly reflect the value of enterprises,express business value is difficult to predict.Stock market participants want to obtain accurate information to invest,it is necessary for researchers through other methods of express business investment value analysis.Based on the objective condition and forecast data,this paper demonstrates the investment value of Yuantong Express Company.Firstly,this paper summarizes the literature and methods of enterprise value evaluation at home and abroad,and summarizes the current situation of express delivery industry and forecasts the development trend of express delivery industry.Secondly,this paper analyzes the current situation,financial index and development strategy of Yuantong Express And then provides the data and theoretical support for the follow-up valuation.Finally,this paper uses the enterprise free cash flow discount model and the relative valuation method to invest in Yuantong Express Company This paper puts forward the limitations of the conclusion and valuation of this paper,puts forward the investment suggestion,and enriches the method of investment value analysis of listed private express delivery enterprises. |
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