PF Industry Value Invesment Research Report In The 5G Era

The mobile communication system is about to enter the fifth generation of 5G era.This generation of technology is considered to be a catalyst for the promotion of mobile technology into general technology and will greatly change people's lives.Driven by this concept,the industry with the highest relevance for the 5G concept has become a gateway to the capital market.The RF device industry in the communications industry will directly benefit from the manufacturing and manufacturing of basic components for communication equipment,and the demand for RF devices will be presented.Blowout growth.At present,there are few researches on the investment value of subdivided industries in China,and there is no specific analysis of the RF device industry.The existing value evaluation methods are systematic and low-targeted,and they are often not suitable for evaluating sub-industry industries.Lead to investors based on the lack of investment.Therefore,systematic and targeted research and analysis of the investment value of the RF device industry,as well as the selection of appropriate methods to evaluate the value of companies in the industry has a very practical significance.This article takes the RF device industry as the research object.Firstly,it gives a detailed introduction to the research methods and related theories of the industry investment value in the first chapter,and summarizes the analysis concepts used in the communication industry according to the related literature and draws conclusions about the RF devices.The analysis of the investment value of the industry requires the use of qualitative and quantitative analysis methods that combine intrinsic value factors with external environmental factors.However,existing research methods have many shortcomings and are not applicable to the RF device industry.Therefore,according to the characteristics of this industry segmentation and the opportunity of 5G communication technology,the evaluation system of existing assessment methods is supplemented and revised to explore a value evaluation method suitable for the RF device industry.In the second chapter,the article briefly introduces the general valuation method of value investment and its applicability,because the existing valuation method is relatively general,and it is not easy to carry out the appraisal method applicability according to the stage characteristics of the enterprise during the intrinsic value analysis of the enterprise.Matching,so this article draws lessons from relevant scholars' analysis of the characteristics of each stage of the company's life cycle,summarizes and analyzes the appraisal methods of firms in each stage of the cycle,and concludes that the enterprise in the start-up stage is suitable for valuation using the option valuation method.In the long-term and mature periods,companies can use the discounted cash flow method and relative valuation method according to the specific conditions of the company.The mature company is suitable for the value evaluation of the asset-based method.It is a combination of the features of the RF device industry and the appraisal of applicability.Analyze and introduce the industry life cycle to increase industry investment value analysis to do quantitative analysis of indicators.In the third chapter,this article describes RF devices in detail,and analyzes the definition of the industry,the relationship between upstream and downstream,and the relevance of 5G communication technologies.Based on the research methods of scholars,the industry cycle has been increased.Sexual quantitative indicators,and for the characteristics of the RF device industry,combined with the environmental factors of the 5G communication technology to make corrections to the qualitative indicators to form a value evaluation index system suitable for the industry segments.Then,from the qualitative indicators,explain the opportunities of the external environment of the industry and its supporting factors for high-speed growth in the future.At the same time,establish the industry growth indicators,industry profitability indicators,industry loss indicators,and industry quantitative indicators to analyze the RF device industry.The investment value shows that the industry has the characteristics of high growth rate,high growth,high profitability,and low investment risk,and it has the conclusion of high industry investment value.In addition,by combining the applicability of the valuation method in Chapter 2 and analyzing the life cycle of the industry,the life cycle of the company,and the current development status,it is concluded that the company in the industry is basically in the stage of growth and maturation,and the valuation of specific companies in the industry It is suitable to use FCFF and relative valuation method to evaluate the company's value.In the fourth chapter,the author takes the example of the enterprises in the RF device industry,analyzes the characteristics of the company's industry and the current business situation of the company,selects the free cash flow discount method to evaluate the company's value,and analyzes the historical financial performance based on financial statements.And company valuation based on the free cash flow model,confirming the value of the company.The key points of the first four chapters are:the analysis of the applicability of the company valuation method based on the enterprise life cycle theory;the introduction of industry life cycle quantitative analysis;the qualitative analysis of the industry external environment driving factors;the RF device subdivision Industry-specific and systematic analysis.The author believes that the above four points are both complementary and amendments to the research methods of existing industry research reports and are also the innovations of this article.In the last part,the paper summarizes the full text and looks forward to the future,hoping to make a contribution to the development of related research in the capital market.