Research On The Investment Value Of Listed Companies In The Pharmaceutical Industry From A Financial Perspective

With the rapid development of China's economy and the continuous accumulation of people's wealth,wealth management has received more and more attention from people.The stock of listed companies has become the first choice for many investors to invest in financial management.The choice of investors to invest in which stocks is an urgent problem to be solved.The pharmaceutical industry is related to the stability of society and the health of citizens.The 19 th National Congress of the Communist Party of China clearly put forward the "healthy China" strategy.The development of the pharmaceutical industry is the meaning of the implementation of the healthy China strategy.The development of the pharmaceutical industry has been at a high level of development and is higher than the growth rate of GDP.The pharmaceutical industry is one of the major industries leading the development of the national economy.With the continuous pursuit of health,people have greatly promoted the development of nutrition,medicine and health care products and medical device industry,so the pharmaceutical industry deserves investors' attention.This paper takes the investment value of listed companies in the pharmaceutical industry as the research object.First of all,the author combs the basic theory and empirical research of investment value.Then,the author chose to use the fundamental analysis method.Analyze China's pharmaceutical industry through macro,meso and micro factors.The analysis shows that with the support of national policies,the pharmaceutical industry has a good development prospect and profit margin,which can provide investors with better investment opportunities.Finally,the author quantitatively analyzes the investment value of listed companies in the pharmaceutical industry.Take 219 listed pharmaceutical companies as samples.Select the financial indicators and non-financial indicators of the sample company from 2015 to 2017 to construct a comprehensive evaluation index system.Conduct empirical research using factor analysis.Through factor analysis,this paper has obtained the influence of 12 indicators on the investment value of listed companies.Calculate and rank the investment value composite score.Combined with three years of ranking analysis,it is concluded that Wuwu Pharmaceutical,Saisheng Pharmaceutical and Erkang Pharmaceutical are good investment targets.Through the analysis of the important factors affecting the investment value of listed companies in the pharmaceutical industry,it is concluded that the ability to resist risks is the most important factor affecting the investment value of pharmaceutical companies.Therefore,when selecting the investment target,investors should focus on a series of indicators that reflect the company's ability to resist risks,such as the company's asset-liability ratio and current ratio.