The Analysis Of The Investment Value Of DCPC

Since Shanghai Stock Exchange established has only a history of20years, the market development time is relatively short. Many investment ideas is not mature, Most investors have little acquaintance with how to recognize and assess the value of a company, so how to measure the investment value and make risk tips for investors is an important issue to the development of China’s stock market. With the growth of national economy, the pharmaceutical industry has developed steadily, and the scale effects appeared gradually. Pharmaceutical industry relevants to people’s livelihood and occupies an important place in the national economy,it is one of the key support industry of our country, there will be good prospects for pharmaceutical industry’s development. Correct evaluation of pharmaceutical listed company’s value can not only help the company to understand their own value and find new ways to enhance their value, but also can help investors understand the value of high quality pharmaceutical companies and deepen the understanding to these companies. Based on such reasons, we strengthen the understanding of pharmaceutical companies value by analyzing the investment value of CR Double-Crane Co.,Ltd.This article mainly uses the fundamental research and the reality researchunify, by analyzing the the background of macro-economy and the present situation of our country’s pharmaceutical industry and CR Double-Crane Co.,Ltd, we introduce pharmaceutical industry’s current problems and the prospect of the industry, CR Double-Crane Co.,Ltd’s development history and main products. In additon, this article analyzes CR Double-Crane’s financial condition, through comparative analysis of CR Double-Crane’s annual statements data find the issues about company’s managed ability and solvency ability, then evaluate CR Double-Crane’s financial situation comprehensivly. Once again, we applied a serious of valuation models,such as discounted-cash flow model, p/e model, to evaluate CR Double-Crane’s value, and analyze the risk of value evaluation by Monte Carlo simulation technology and other methods. We find out that the change of company’s cost of equity is the the greatest impact factors to the change of company value per share. Affected by the three risks of economic environment, policy environment, the product structure, we put forward the risk countermeasure to CR Double-Crane Co.,Ltd.Through the analysis in the above, the invested conclusion maybe listed as follow: CR Double-Crane has excellent ability on operate company and repay debt. The company’s financial risk is small, suffers little affect of macroscopical economy,and there is a certain of investment value. In the end, we put forward some personal solutions on enterprise value management and throw out some suggestions for further research.