Analysis Of Investment Value Of A Listed Company

The security market promotes the flow of resources to the most needed place in the economic development and realizes the rational allocation of social resources.A mature securities market is not only conducive to solving the investment and financing problems of Chinese enterprises and individuals,but also conducive to the government to strengthen the macro-control of the market economy and build a sound social credit system.At present,the investors in China's securities market are mainly retail investors with poor professional performance.Investors need to comprehensively analyze the operation and management of the target company,judge the financial status of the company,rationally identify the companies with long-term investment value,and obtain investment returns with the development and value growth of the company.Logistics is the key infrastructure for social and economic development.At present,with the leapfrog development of China's economy,the consumption level of residents keeps rising,and the speed of the country's industrialization is accelerating,it is inevitable that the scale of goods circulation will be further expanded in the future,which indicates that China's logistics industry has a broad space for development.This article selects the logistics,express industry leading enterprises as the research object,A company with A 2015-2019,on the basis of the five years financial statements on the systematic analysis of the fundamentals of A company,and mainly analyzes the financial indicators of A company,including debt paying ability,profit ability,operation ability and development ability,through the four indicators and industry representative five other listed companies in the horizontal comparison,evaluating A company's business.In addition this article also uses the free cash flow discount method and p/e ratio method two kinds of value evaluation model to evaluate the intrinsic value of A company,respectively,calculate the company stock's intrinsic value per share,then the calculation results compared with the shares of A company,it is concluded that the recent stock price is higher than itsintrinsic value,the conclusion of stock market may be overvalued.This article from the company fundamentals,many aspects,such as financial index horizontal contrast,systemic analyzed the operations of A company,and making use of the enterprise value evaluation model to evaluate A company's intrinsic value,hope to achieve two purposes: one is through the research and evaluation of the target company equity investment value,provide the basis for project investment decision-making;The second is to recommend the evaluation method system to other investors in the market,in the hope of establishing a sound and scientific analysis system of project investment value,and promoting the development of the securities market towards value investment and rational investment.