Financial Analysis And Investment Valuation Of Capital Environment Protection

With the continuous growth of Chinese economy and the continuous development of society,the securities market is playing an increasingly important role.However,Chinese securities market is still in the primary stage,with various systems and regulatory being not standardized and investors' investment ideas being not mature,which has affected the stable and healthy development of social economy to some extent.In order to promote the sound development of our economy and social,it is essential to carry out deeper reform of securities market supervision system.At the same time,it is also very important for investors to have a comprehensive understanding of stock investment,establish correct investment ideas,grasp scientific methods of stock value analysis and make rational investment decisions.The research object of this treatise is the quoted company of environmental protection--Tianjin venture environmental group co.LTD.(referred to as TJCEP).First of all,this treatise briefly describes the background and significance of the study the development of domestic and foreign research on the value of enterprises,research content and framework.The second part is the theoretical basis of the treatise.This treatise expounds the connotation of value investment theory,analyzes the influencing factors of equity value and probes into the thinking and model of company value evaluation.The third part describes the object of this study : the basic situation of TJCEP and the industry analysis of TJCEP.Using SWOT,the macro environment,competitive environment and company development strategy of the enterprise is systematically expounded and comprehensively analyzed.The industry analysis of TJCEP,analyzing the economic characteristics of the sewage treatment industry and predicting its future development trend from many aspects,such as industrial demand,supply,profitability,production process,marketing and financing.The fourth part carries on the financial analysis of TJCEP.Based on the financial report data of the company from 2012 to 2017,this treatise analyzes the company's financial status and operating results and predictes its development potential from four aspects,including solvency analysis,operating capacity analysis,profitability analysis and development capacity analysis.The fifth part,based on the discount model of equity cash flow,evaluates the intrinsic value of each share of a startup environmental protection company and compares the current market value of the company's stock to determine whether it has investment value.The sixth part is the conclusion and suggestion.It summarizes the research conclusion of this treatise and puts forward the suggestion from two angles of company manager and investor respectively.