| Since the reform and opening up,with the rapid development of China’s economy,economic entities have become more and more diversified.A-share listed companies have become an important part of China’s economic entities.In the face of such a large number of listed companies,the bank’s assessment of the overall intrinsic value of listed companies from the perspective of risk control and control,such as pre-loan investigation,loan project evaluation and post-loan management,is an important aspect of credit issuance.This paper takes Gansu Electric Power Investment Co.,a cooperative customer of Rural Credit Cooperatives,as the research object,and takes risk control in loan offering as the decision-making target.Through the evaluation and analysis of the intrinsic value of the stock of Gansu Electric Power Investment,it serves as the basis for fund management before and after loan.In investment analysis under the guidance of relevant theories,select a typical value evaluation model,on the basis of analyzing the characteristics of the various models to make the choice of gansu electric cast as the research sample,reference absolute valuation method and the relative valuation method of gansu electric company stock value assessment,based on the evaluation of gansu province for stock investment value.This paper starts with the basic situation of Gansu Power Investment Company,and makes a specific analysis of the company’s macro background,industry development,accounting policies and financial status.According to the importance in value assessment,the paper focuses on analyzing four aspects of power investment companies’ cash acquisition ability,profitability,debt paying ability,operation ability and development ability.5 companies in the same industry are selected to analyze the accounting policies and financial indicators of Gansu Electric Power Investment from the perspective of comparative analysis,so as to obtain the stock value under the relative valuation method.At the same time,through the analysis of the industry,the free cash flow model(FCFF)and the economic added value(EVA)model suita-ble for the stock value evaluation of the asset-heavy industry are selected to evaluate the stock value of Gansu Electric Power Investment,and the stock value under the absolute valuation method is obtained.Through the analysis of the conclusions of the two valuation methods,the intrinsic value and growth potential of gansu Power Investment are determined,which provides an important decision basis for the Banks that provide financial support to make risk control. |
