Evaluation Of The Value Of Listed Companies In Financial Software Industry

Financial software,financial IT,is a cross-cutting industry between finance and software.With the gradual advancement of the financial information process,the traditional financial industry needs the information of business processing systems and management systems,and the financial software industry has emerged.The emergence and rapid development of internet finance have challenged the existing financial system and caused great pressure on the traditional financial industry.The new business model opened by internet finance will inevitably affect the current financial landscape.To survive and stabilize the development of this kind of Internet economy,the traditional financial industry needs to accelerate the information process and fully update the business processing system and the organization management information system.This will undoubtedly bring great business opportunities to the financial software industry.In addition,the state has provided preferential policies for this high-tech industry in the financial software industry,and many financial software industries have risen and listed on the market.In recent years,the financial software industry has received extensive attention from the society,and the market value of the listed financial software industry has continued to soar.However,there has been a phenomenon of blind speculation and speculation in the stock market of our country.The financial software industry as an emerging industry,the current development situation and future prospects are good,so it has been strongly sought after by some irrational investors,leading to the stock price is higher than the intrinsic value.Therefore,it is necessary to find a scientific and effective assessment method to evaluate the value of the financial software industry.On the one hand,it can better guide investors to make investment decisions.On the other hand,it can also provide reference for future academic research.This article selects the financial software industry as the research object,and selects the representative company in the industry—Heng Sheng Electronics as an example.This article evaluates the value of the financial software industry from the qualitative and quantitative perspectives.Before the formal analysis began,this paper first compiled the classical investment value theory both at home and abroad,and selected appropriate methods through comparison and review.In the qualitative analysis stage,this paper focuses on the analysis of three fundamental factors that may affect thevalue of listed companies,namely,the status of industry development,the macro environment,and the basic situation of the enterprise,and provides an analysis basis for the quantitative analysis of the later articles.In the quantitative analysis stage,this paper selects the residual profit model with higher applicability in China and more accurate estimation results.The residual income model is decomposed and improved to some extent,making the calculation process no longer cumbersome.In this paper,based on the two-stage model of dividend discount model,some formulas of DuPont analysis system are added,and the residual income model is decomposed and reformed to obtain the two-stage model of residual income method.Provides the residual income assessment at each stage of the model to estimate the financial software industry's corporate value throughout the process,and through specific cases found that the residual income assessment method is more preferred than other assessment methods in emerging industry enterprise value evaluation.With the continuous increase in the degree of information and openness of China's emerging Internet companies,the use of residual income method in emerging Internet companies will become increasingly widespread.