Value Investment Analysis Of Listed Companies In Electric Power Industry

The power industry is a basic industry and public enterprise that supports the national economy and social development.With the rapid growth of the domestic economy,the rapid development of the secondary industry has a strong demand for electricity,which has promoted the rapid development of the domestic power industry.A group of power companies with strong profitability are listed.After China's economy enters the "new normal",the economic growth rate slows down,and the demand for electricity consumption in the industry has also slowed down.However,the rapid development of the tertiary industry has promoted the demand for electricity,and the state advocates the "One Belt,One Road" strategy.China's power industry will usher in new opportunities in the international market and promote the further growth of the already mature power industry.Investors should actively share this stable and relatively certain dividend,but in front of it is that most investors have no professional experience,lack the correct investment philosophy,and investors mostly look at the stock market with speculative eyes leading to a deficit.To be the norm,it is imperative to establish a correct value investment philosophy.As an investor how to correctly judge the actual value of the company's stock,investing in the listed company's stock in the power industry has become an important way to obtain the development dividend of the power industry;how to choose the stocks of listed companies with potential value and avoid when selecting the stocks of power companies?It is especially important for over-estimated power companies and companies with financial risks.This paper selects 68 companies after removing two non-normal listed companies from listed companies in the power industry of Shanghai and Shenzhen.It analyzes the macro policy environment and the background of the power industry,and then analyzes the financial status of the power industry.The development background of the power industry has drawn that the domestic power industry is worth investing in value.Then,14 indicators were selected from the four directions of solvency,profitability,management ability and profitability to analyze the factors,and then use the spss software to reduce the dimension,correlation test and comprehensive score of 14 financial indicators.Listed companies that are undervalued and overvalued.Then,the annual financial loss and non-loss of the listed company of power are taken as the analysis object,and the Logistic regression model is constructed.Then the actual effect of Logistic is tested,and then the prediction result of financial warning is given.Finally,the relevant investment suggestions are given by the conclusions of factor analysis and logistic regression analysis.