本文選題：基本分析 + 預測�。� 參考：《南京理工大學》2013年碩士論文

【摘要】：中國證券交易市場從開業(yè)至今,已有20余年歷史,但是市場中公司投資價值評估一直是存有諸多爭議�；痉治龇⒆阌诠窘�(jīng)營和報表分析,在實踐應用中更加可靠。價值投資理念的支持者相信價格會圍繞內(nèi)在價值波動,合理的價值評估的是對公司投資決策的關鍵。本論文以潞安環(huán)能公司為研究對象,通過對公司介紹、行業(yè)分析、戰(zhàn)略分析、結合2011年年度報表分析,判斷出公司總體發(fā)展狀態(tài),并為公司未來發(fā)展的預測提供定性和定量參考依據(jù)。通過使用基本分析法中的剩余收益模型,對公司價值進行評估,結合當前公司股價表現(xiàn),得出投資建議。通過本文分析研究,可以得出以下結論： 第一,作為理性的股票投資者,需要了解市場的常見的投資價值評估方法,并將基本分析的結果作為投資決策的重要參考因素。 第二,在對公司投資價值評估中,需要充分理解公司所處的行業(yè)特點、公司自身發(fā)展狀況及綜合公司財務報表分析的結果。 第三,在對公司投資價值測算中,綜合使用剩余收益模型評估法和比較分析估值法,使公司投資價值評估更加合理,更具有投資決策參考意義。
[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.
【學位授予單位】：南京理工大學
【學位級別】：碩士
【學位授予年份】：2013
【分類號】：F275;F832.51

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