广发证券公司股票投资价值分析研究报告

发布时间：2018-03-16 00:03

本文选题：价值投资　切入点：广发证券　出处：《兰州大学》2012年硕士论文　论文类型：学位论文

【摘要】：我国经济的快速发展和居民收入水平的不断提高,大众的投资意识也逐渐增强,证券市场逐步成为了广大投资者的一个重要投资渠道。但我国证券市场发展尚不成熟,投机性很强,市场波动风险较大；而广大投资者缺乏正确的投资理念,在投资时常常损失惨重。因此投资者要在证券市场投资成功,树立正确的价值投资理念,合理的评估股票价值非常重要。本文以广发证券公司为研究对象,在疏理相关股票投资价值分析理论、方法的基础上,对广发证券公司股票进行投资价值分析。本文采用基本面分析方法,通过对证券公司行业现状和发展趋势的分析,研究和分析广发证券公司的竞争优势及影响因素；同时详细研究和分析了广证券公司的业务状况和财务状况,在此基础上,选用三阶段股利贴现模型和市盈率模型对广发证券公司进行价值评估,并最终确定了广发证券公司股票的内在价值在29.09元-53.08元之间。本文通过对广发证券投资价值的分析和研究后得出,广发证券公司将迎来新一轮的快速成长期,公司具有良好的投资价值。目前公司股价与本文对广发证券的估值相比,具有足够的安全边际,投资者可以买入广发证券股票进行中长期投资,分享广发证券不断成长带来的收益。
[Abstract]:With the rapid development of our country's economy and the continuous improvement of residents' income level, the public's investment consciousness has been gradually strengthened, and the securities market has gradually become an important investment channel for the vast number of investors. However, the development of China's securities market is not yet mature. Speculation is very strong, market volatility is risky, and the majority of investors lack the correct investment concept and often lose a lot of money. Therefore, investors should succeed in investing in the securities market and set up the correct value investment concept. It is very important to evaluate the stock value reasonably. This paper takes Guangfa Securities Company as the research object, on the basis of the theory and method of dredging related stock investment value analysis, carries on the investment value analysis to Guangfa Securities company stock. Through the analysis of the present situation and development trend of the securities companies, the paper studies and analyzes the competitive advantages and influencing factors of Guangfa Securities Company, and at the same time, studies and analyzes the business and financial status of the Guangzhou Securities Company in detail, on the basis of which, The three-stage dividend discount model and the price-earnings ratio model are used to evaluate the value of Guangfa Securities Company, and the intrinsic value of Guangfa Securities stock is determined to be between 29.09 yuan and 53.08 yuan. Based on the analysis and study of Guangfa Securities's investment value, this paper draws a conclusion that Guangfa Securities Company will usher in a new round of rapid growth period, and the company has good investment value. With sufficient margin of safety, investors can buy Guangfa Securities stocks to invest in the medium-to-long-term, and share the benefits of Guangfa Securities's growing.
【学位授予单位】：兰州大学
【学位级别】：硕士
【学位授予年份】：2012
【分类号】：F832.51

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