Research On Value Assessment Of Auto Industry Listed Companies Based On Quality Of Assets

With the development of China's economy,the capital market has become more perfect,and securities investment gradually tends to be more rational.Investors pay more attention to the intrinsic value of the enterprise,which has brought heated discussion on the traditional evaluation methods,which have great limitations under the background of new era.Based on the asset quality evaluation model,this paper tries to improve the weakness of traditional evaluation methods.The asset is the basis for the healthy operation of one enterprise,and its quality not only affect the current state of the enterprise,but also the future development of the enterprise.Based on that,this article starts from the angle of asset quality,analyzing the value of enterprise,combining theoretical and empirical,qualitative and quantitative,to create a new type of enterprise value evaluation system.In recent years,China has become one of the largest automobile countries in the world,with the steadily development of automobile industry.As the pillar of the national economy in China,the situation of the auto industry faces both challenges and opportunities.That is why the methods of enterprise value assessment for listed companies have been highly discussed.As a result,choosing a suitable type of value evaluation method to explore the intrinsic value of automobile enterprises becomes a significant topic.Therefore,from the perspective of asset quality,combined with the traditional traditional indicators,this article aims to establish an enterprise value evaluation model of listed companies,which will be suitable for automobile industry.On top of that,this paper draws the forefront research on company value and asset quality of domestic and foreign enterprises,the advantages and disadvantages of traditional valuation methods,and the relevant theoretical basis of the relationship between asset quality and enterprise value.With the A shares in China's auto industry as the research object,through the multivariate methods,filtrates seven value assessment rates,which are return on net assets,total assets return rate,basic earnings per share,net assets per share,equity ratio,net profit growth rate,and asset recovery rate.And through the principal component analysis and Pearson correlation analysis,the article establishs a suitable model for enterprise value evaluation in auto industry.Finally,by using Shanghai automotive industry corporation(SAIC)as an example,the new model passes the accuracy and effectiveness' s test.In the end,this article gives opinions for both enterprise managers and investors to make reasonable suggestion: managers should pay more attention to improve enterprise profitability of assets,to maintain good operating efficiency,to optimize the structure of corporate assets,to fundamentally improve the enterprise value.And the Investors should pay more attention to the asset quality of enterprises in order to effectively avoid blind investment.