Analysis Of Investment Value Of Listed Companies In The Natural Gas Industry

In recent years,China has vigorously advocated the development of low-carbon energy industry to improve the environment.Natural gas industry,as an important part of low-carbon energy,has also become the focus of people's attention.With the introduction of a series of policies to encourage the development of the natural gas industry,a number of natural gas enterprises have risen rapidly in China with strong momentum of development and become the object of attention of investors,providing new opportunities for investors.With the rapid development of the natural gas industry,how to distinguish the false and preserve the true,how to measure the investment value of listed companies in the natural gas industry from different perspectives,and how to avoid the investment risk to the greatest extent to find suitable natural gas stocks for investment are common problems faced by investors.So as to help investors rational investment,this paper discusses whether the gas industry has investment value,and the industry in which the listed company investment potential,allows investors to avoid investment risks effectively,select the outstanding in the field of natural gas investment target to improve yield in addition,through the study of this article,the investors can also for other industries provide a certain amount of research method reference,all the investors according to the research idea of this article according to the characteristics of their industry,the joint characteristics of the industry index was developed for the model,thus forming a new research conclusionThis paper first read and studied a large number of domestic and foreign literatures and summarized them,sorted out relevant theories of investment value at home and abroad,and finally selected fundamentals as the research method of this paper.From the perspective of investors,this paper analyzes the listed natural gas companies from the macro,medium and micro perspectives.Macro level by analyzing the macroeconomic background and macroeconomic policy both countries vigorously promote low-carbon development,published a series of policy support the development of low carbon,low carbon development has become a powerful force driving the development of natural gas industry,total amount of investment of China's natural gas industry is among the best in the world,so in the future for a long time,natural gas industry development will certainly is a big part in the development of our country;Mesosphere through the analysis found that natural gas energy related investment in China is in a steady growth,the climate index of natural gas industry has been increasing,a large number of natural gas related businesses rise,growth,and industry competition intensifies,some industry highlights the larger growth space gas industry investment of listed companies in their huge investment opportunities;From the microscopic level using the factor analysis method to select 53 gas industry listed companies' annual financial reports in the year of 2017,2018,the data are analyzed and evaluation,comprehensive factor score and ranking results and its p/e ratio,price-to-book rankings were analyzed,the results showed that the new gas,Xinjiang Xintai Natural Gas,Xinjiang East Universe(Group)Gas,,Shandong Xinchao Energy Corporation Limited,Xinjiang Torch Gas,Xinjiang Haoyuan Natural Gas these companies operating in good condition,development potential is tremendous,has long-term investment value.It can be seen from the comprehensive macro,medium and micro that the natural gas industry is worthy of investment.Investors can refer to the above five companies to make reasonable investment decisions and avoid investment risks as much as possible.