Valuation Of TGOOD Corporation

There are tend thata more rational in capital market is being gradually formed,in the current environment of China's economy.Consider about frequent mergers and acquisitions between companies and compared with the past of speculative investment and rely on the good news as the behavior of the stock investment mode is gradually replaced by a value investment,investors use reasonable and effective way to evaluate the role of enterprise value by people more and more attention.Over the past year,shenzhen has experienced a sharp fluctuations,the shenzhen index from 2015 at the beginning of the 3800 points in the half year once rose to 7302.8 points,then it is a drop in a wave of violent.In such a turmoil in the stock market,no matter how market fluctuations recently,in the long period,stock price is a reflection of the intrinsic value of the company.Only rational and reasonable assess the value of the company,can help enterprise own development,investors in the correct the price is reasonable,in the changing economic environment.This paper research on electrical equipment manufacturing industry in the whole,according to public filings and in recent years,the financial statements,understand the sharp's business structure,as well as the main assets,and the enterprise the financial status and financial indicators of calendar year with the same industry comparable companies for horizontal and vertical analysis.This article adopted mainly selected the free cash flow valuation model,and using real option approach to the project is expected to bring profit to evaluate,calculate the opportunity value,in addition to the assessment of enterprise value.Finally aiming at evaluation results and TGOOD,stock share price performance of the contrast on the gem.