| The Chinese securities market was born in the early 1990s.In recent years,with the continuous development of the national political and economic environment,the Chinese securities market has gained greater development space and become an inseparable and important component of the financial market.As of December 31,2021,there are a total of 4697 A-share listed companies in China.Faced with a large group of listed companies,it is particularly important to use scientific and effective evaluation methods to evaluate and judge the investment value of listed companies.Listed companies almost cover various industries,among which non-ferrous metal materials,as important industrial raw materials,are essential strategic resources in the national construction process.They are widely used in infrastructure,chemical industry,construction industry,national defense,and high-precision technology fields,and have a very important position.However,at present,China’s economy is in an important period of transformation and industrial structure adjustment and upgrading.The non-ferrous metal industry has a current situation of overcapacity and unreasonable industrial structure.Therefore,listed companies in the non-ferrous metal industry provide new investment opportunities for investors.This paper selects Guiyan Platinum,a pioneer in industry transformation and upgrading and a leading non-ferrous metal enterprise,as the research object,and analyzes the situation of macroeconomic development,industry development,and the company’s intrinsic value in turn.Combining the discounted cash flow method,P/E ratio model,P/B ratio model and other valuation models,this paper evaluates the company’s valuation and investment value,and finally concludes that the reasonable price range of Guiyan Platinum is 21.04-24.2 yuan/share,The conclusion is that investors holding the investment target will receive an expected annual compound return of 32.24%-52.1%. |
PDF Full Text Request