Investment Value Analysis Of Jiangsu Financial Leasing

During the 13 th Five-Year Plan period,industrial restructuring and upgrading,urbanization and industrialization provided broad space for the development of financial leasing.In addition,"Made in China 2025" strategy to develop high-end manufacturing industry,financial leasing enterprises can play an important role in supporting enterprise equipment upgrading and intelligent manufacturing.With the increase of asset-side business scale,financial leasing companies need to broaden financing channels to obtain the funds needed for business development.The main sources of financing for financial leasing companies are short-term bank loans and borrowed funds,while most leased assets are medium and long-term,and there is a mismatch of asset-liability maturity.And financial leasing companies as financial enterprises need to meet the capital adequacy ratio stipulated in the Basel Accord.Listing financing can supplement capital and obtain long-term capital for business development.In 2015,Wanjiang Financial Leasing Co.,Ltd.listed on the new third board.In 2016,China development bank Leasing went public in Hong Kong.On March 1,2018,Jiangsu Financial Leasing Co.,Ltd.successfully landed on the A-share market and became the first financial leasing company listed on the A-share market.The analysis of investment value of Jiangsu Financial Leasing Co.,Ltd.not only provides a reference for investors to invest in financial leasing listed companies,but also has a certain reference significance for future financial leasing companies that plan to finance through IPO listing.This paper sorts out the relevant theories of corporate value investment,analyzes the macro background and industry background of Jiangsu leasing companies,and compares their financial status horizontally and vertically,and deeply explores the company's development.This paper compares the advantages and disadvantages of various valuation models,and combines the particularity of financial leasing companies,chooses the free cash flow discount model,P/E ratio,and P/B ratio to evaluate the company's equity value.The results obtained under the method are compared and analyzed,and the conclusion that the stock price of Jiangsu Leasing Company is underestimated is obtained.Based on the analysis of the investment value of Jiangsu financial leasing companies,this paper explores the analysis methods of the investment value of financial leasing listed companies,and puts forward appropriate suggestions based on the factors affecting their investment value.