《基于財(cái)務(wù)報(bào)告的分析的企業(yè)投資價(jià)值及研究》由會(huì)員上傳分享，免費(fèi)在線閱讀，更多相關(guān)內(nèi)容在應(yīng)用文檔-天天文庫。

1、...頁眉摘要隨著我國的國民經(jīng)濟(jì)體制向市場(chǎng)經(jīng)濟(jì)改變，越來越多的個(gè)人和企業(yè)將投資證券市場(chǎng)作為一種投資途徑。而隨著高新技術(shù)行業(yè)高速的發(fā)展，盡管其本身具有很高的風(fēng)險(xiǎn)性，但其帶來的潛在高收益還是吸引了大批投資者的目光。但是，投資者如何才能了解企業(yè)是否具有投資價(jià)值？財(cái)務(wù)報(bào)告分析是研究企業(yè)價(jià)值的重要工具。通過財(cái)務(wù)報(bào)告分析所揭示出的企業(yè)信息，可以幫助我們了解企業(yè)的特征。有了這些特征再加上運(yùn)用絕對(duì)估值法和相對(duì)估值法對(duì)企業(yè)進(jìn)行分析計(jì)算，我們就能完成對(duì)企業(yè)價(jià)值的預(yù)測(cè)和評(píng)估。本文通過定性、定量的方法就如何基于財(cái)務(wù)報(bào)告分析對(duì)企業(yè)投資價(jià)值進(jìn)行研究

2、展開討論。本文選取了上海現(xiàn)代制藥股份有限公司為分析案例，通過其資產(chǎn)負(fù)債表、利潤表和現(xiàn)金流量表，對(duì)其進(jìn)行了結(jié)構(gòu)與比較分析，償債能力、獲利能力和市場(chǎng)價(jià)值的指標(biāo)分析，以及運(yùn)用改進(jìn)的杜邦分析體系進(jìn)行綜合分析?；谏鲜龇治?，認(rèn)為上?，F(xiàn)代制藥股份有限公司價(jià)值投資的基本面較好。最后運(yùn)用了市盈率法和自由現(xiàn)金流折現(xiàn)模型對(duì)公司的內(nèi)在價(jià)值進(jìn)行分析，以期為各利益相關(guān)方價(jià)值投資決策提供一定的參考。關(guān)鍵詞：財(cái)務(wù)報(bào)告；企業(yè)投資價(jià)值；上?，F(xiàn)代制藥....頁腳...頁眉AbstractAlongwithChina'snationaleconomytoam

3、arketeconomychange,moreindividualandenterprisewillinvestinthestockmarketasaninvestmentways.Withthedevelopmentofhighandnewtechnologyindustryhigh-speed,althoughtheitselfhasveryhighrisks,butitsbringpotentialhighyieldorattractedmanyinvestors'attention.However,investo

4、rshowtounderstandwhetheristheenterprisehasinvestmentvalue?Financialreportanalysisisanimportanttooltostudytheenterprisevalue.Throughanalysisofthefinancialreportwhichwererevealedinenterpriseinformation,canhelpusunderstandenterprisecharacteristics.Withthesefeaturesp

5、lususeabsolutevaluationmethodandrelativevaluationsanalysismethodofenterprise,wecanfinishcalculationofenterprisevalueofthepredictionandevaluation.Thisarticlethroughqualitativeandquantitativemethodsbasedontheanalysisoffinancialreportsonhowtostudyforenterpriseinvest

6、mentvaluediscussions.ThispaperselectstheShanghaimodernpharmaceuticalCo.,LTD.Foranalysiscase,throughitsbalancesheet,anincomestatementandacashflowstatement,analysesthestructureandcomparativeanalysis,solvency,profitabilityandmarketvalueindexanalysis,andanimproveddup

7、ontanalysissystemanalysis.Basedontheaboveanalysis,thinksthatShanghaimodernpharmaceuticalCo.,LTD.Isthefundamentalvalueinvestment.Finallyusingap/eratiomethodandfreecashflowdiscount....頁腳...頁眉modeltheintrinsicvalueofthecompany,soastoanalyzeeachstakeholdervalueinvest

8、mentdecisionprovidesthecertainreference.KeyWords:FinancialreportEnterpriseinvestmentvalueShanghaimodernpharmaceutical....頁腳...頁眉圖目錄圖1-1研究路徑18....頁腳...頁眉表目錄表2-1