潞安环能投资价值评估

发布时间：2018-04-14 17:35

本文选题：基本分析 + 预测　；参考：《南京理工大学》2013年硕士论文

【摘要】：中国证券交易市场从开业至今,已有20余年历史,但是市场中公司投资价值评估一直是存有诸多争议。基本分析法立足于公司经营和报表分析,在实践应用中更加可靠。价值投资理念的支持者相信价格会围绕内在价值波动,合理的价值评估的是对公司投资决策的关键。本论文以潞安环能公司为研究对象,通过对公司介绍、行业分析、战略分析、结合2011年年度报表分析,判断出公司总体发展状态,并为公司未来发展的预测提供定性和定量参考依据。通过使用基本分析法中的剩余收益模型,对公司价值进行评估,结合当前公司股价表现,得出投资建议。通过本文分析研究,可以得出以下结论：第一,作为理性的股票投资者,需要了解市场的常见的投资价值评估方法,并将基本分析的结果作为投资决策的重要参考因素。第二,在对公司投资价值评估中,需要充分理解公司所处的行业特点、公司自身发展状况及综合公司财务报表分析的结果。第三,在对公司投资价值测算中,综合使用剩余收益模型评估法和比较分析估值法,使公司投资价值评估更加合理,更具有投资决策参考意义。
[Abstract]:It has been more than 20 years since the opening of China's stock exchange market, but there have been many controversies in the evaluation of the investment value of companies in the market.The basic analysis method is based on company management and report analysis, and is more reliable in practical application.Proponents of the concept of value investment believe that prices fluctuate around the intrinsic value, and reasonable value evaluation is the key to the investment decision of the company.This paper takes Lu'an Huaneng Company as the research object, through the introduction of the company, industry analysis, strategic analysis, combined with the 2011 annual report analysis, judging the overall development of the company,And provide the qualitative and quantitative reference basis for the forecast of the company's future development.By using the residual income model in the basic analysis method, this paper evaluates the value of the company, and combines with the current performance of the company's stock price, obtains the investment suggestions.Through the analysis of this paper, we can draw the following conclusions:First, as a rational stock investor, we need to understand the common investment value evaluation methods of the market, and take the results of the basic analysis as an important reference factor for investment decision.Second, in the evaluation of the investment value of the company, it is necessary to fully understand the characteristics of the industry, the development of the company itself and the results of the analysis of the financial statements of the composite company.Thirdly, in the calculation of the investment value of the company, the residual income model evaluation method and the comparative analysis valuation method are used to make the evaluation of the company investment value more reasonable and have the reference meaning of investment decision.
【学位授予单位】：南京理工大学
【学位级别】：硕士
【学位授予年份】：2013
【分类号】：F275;F832.51

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