本文選題：公司價(jià)值 + 理性化　； 參考：《南昌大學(xué)》2013年碩士論文

【摘要】：我國(guó)的證券市場(chǎng)于1991年正式成立起,到現(xiàn)在已經(jīng)歷了20多年的發(fā)展。但我國(guó)證券市場(chǎng)同發(fā)達(dá)國(guó)家相比,仍然還是比較年輕和稚嫩的,尤其絕大部分的個(gè)人投資者對(duì)公司價(jià)值并沒(méi)有一個(gè)清醒的認(rèn)識(shí)。因此,如何從不同的角度來(lái)衡量上市公司的價(jià)值,為投資者做出風(fēng)險(xiǎn)提示是我國(guó)資本市場(chǎng)發(fā)展的重要問(wèn)題。 本文選取我國(guó)農(nóng)用機(jī)械制造企業(yè)“一拖股份,股票代碼：601038.SH”作為分析對(duì)象,通過(guò)定性分析、定量分析相結(jié)合的方法對(duì)一拖股份的價(jià)值進(jìn)行評(píng)估。首先從行業(yè)背景分析研究國(guó)內(nèi)外農(nóng)用機(jī)械行業(yè)的現(xiàn)狀,結(jié)合一拖股份有限公司的基本情況及經(jīng)營(yíng)狀況、核心競(jìng)爭(zhēng)力進(jìn)行了定性分析；其次根據(jù)其財(cái)務(wù)數(shù)據(jù)從償債能力、營(yíng)運(yùn)能力、盈利能力三個(gè)方面進(jìn)行財(cái)務(wù)分析,通過(guò)歷史財(cái)務(wù)數(shù)據(jù)來(lái)預(yù)測(cè)未來(lái)的趨勢(shì)；然后選擇市盈率估值法和自由現(xiàn)金流量估值對(duì)一拖股份進(jìn)行價(jià)值評(píng)估,得出一拖股份有限公司合理股價(jià)區(qū)間為7.54～12.3元。最后從技術(shù)分析層面對(duì)國(guó)內(nèi)A股市場(chǎng)進(jìn)行分析,建議投資者擇機(jī)進(jìn)行波段操作。
[Abstract]:China's securities market was formally established in 1991, and has experienced more than 20 years of development. However, compared with the developed countries, China's securities market is still relatively young and immature, especially the majority of individual investors do not have a clear understanding of the value of the company. Therefore, how to measure the value of listed companies from different angles and make risk tips for investors is an important issue in the development of China's capital market. In this paper, the author selects "one-tow stock, stock code: 601038. SH" in agricultural machinery manufacturing enterprises in China as the object of analysis. Through qualitative analysis and quantitative analysis, the paper evaluates the value of one-tow stock. Firstly, the paper analyzes the present situation of agricultural machinery industry at home and abroad from the background of industry, combines with the basic situation and management condition of Yituo Co., Ltd., and carries on qualitative analysis of core competitiveness, secondly, according to its financial data, it analyzes the ability to repay debt. Three aspects of financial analysis, operating ability and profitability, are carried out to predict future trends through historical financial data. Then, the valuation method of price-earnings ratio and free cash flow is selected to evaluate the value of the first trailing stock. The reasonable stock price range of Yituo Co., Ltd. is 7.54 ~ 12.3 yuan. Finally, the domestic A-share market is analyzed from the technical analysis level, and investors are advised to choose a wave band operation.
【學(xué)位授予單位】：南昌大學(xué)
【學(xué)位級(jí)別】：碩士
【學(xué)位授予年份】：2013
【分類(lèi)號(hào)】：F832.51

【引證文獻(xiàn)】

相關(guān)碩士學(xué)位論文 前1條

1 羅潔;蘭石重裝股份公司股票投資價(jià)值分析[D];蘭州大學(xué);2016年

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本文編號(hào)：1989743