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Evaluation Of Investment Value In Domestic New Energy Industry

Posted on:2019-09-05Degree:MasterType:Thesis
Country:ChinaCandidate:F ZhaoFull Text:PDF
GTID:2382330548465831Subject:Finance
Abstract/Summary:PDF Full Text Request
During the 13 th Five-Year Plan period,China will pay more attention to new energy,on one hand,because of the energy crisis in the worldwide,on the other hand,it will contribute to build a beautiful new China.In the future,it will become an inevitable tendency to develop new energy and related industries,and what's more,it will be a part of energy development strategies.Due to the development of new energy capital markets,there will be more opportunities for investors to invest.At the time of this writing,some new energy quoted companies have not published their 2017 Annual Reports,so the thesis is based on the Financial Annual Reports from 2012 to 2016,and the index system consist of 17 specific financial indicators.By screening,it includes 39 A-share new energy concepts companies,the thread running through this study is Principal component analysis,and it combines with Entropy weight method,these theories work together to decide to the weight of the main components.Besides,it can figure out the basic score of a quoted company by using SPSS software and Excel.Using the selected Price-Earning ratio and the corresponding basic score to determine the comprehensive ranking of investment value.In the end,choosing the financial reported in 2017 to match the return on net assets.The empirical results show that the thesis`s evaluation model has better fitting effect in virtue of the comprehensive ways.Some enterprises have low Price-Earning ratio,but they also have broad developmental prospects and investment opportunities,the investment evaluation system established in this paper can provide reference for investors.
Keywords/Search Tags:New energy quoted companies, investment, Principal component analysis, Entropy weight method
PDF Full Text Request
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