Financial Analysis And Value Evaluation Of TianJin Taida CO.,Ltd

With the gradual improvement of the modern capital market,the securities market of our country is gradually maturing,and investment is increasingly becoming the focus of financial management for companies and individuals,the securities investment to improve enterprise management,improve enterprise economic benefit and social awareness,and became personal assets value maintained and added some important way.Tianjin Teda Co.,Ltd.is a comprehensive listed company established in accordance with the modern enterprise system.It has been among the top 500 listed companies in China for several years in a row.Based on this background,we select Tianjin Teda Co.,Ltd.to analyze its financial statements,so as to evaluate the value and investment analysis to judge whether it has investment significance.First of all,this paper 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 paper.This paper expounds the definition of investment value,the influence factors of investment value,as well as the common methods and models of investment value evaluation:cash flow discount model,dividend discount model,residual income model.The third part describes the object of this study:the basic situation of Teda Co.,Ltd.Using SWOT,the macro environment,competitive environment and company development strategy of the enterprise are systematically expounded and comprehensively analyzed.The fourth part carries on the financial analysis of Tianjin Teda Co.,Ltd.Based on the financial statements from 2013 to 2017,Compare with industry average financial data,a financial analysis was conducted,including basic financial position,solvency analysis,profitability analysis,operational capacity analysis and development capacity analysis,It provides data support for the prediction of investment value in the future.The fifth part is Using the residual income model of the investment value evaluation method to calculate the intrinsic value of Tianjin Teda Co.,Ltd.:firstly,to determine the discount rate of Teda;secondly,to calculate the remaining income of Teda;and finally,to estimate the equity value of Teda.The sixth part summarizes the full text,By comparing the intrinsic value of Tianjin Taida with market value,we can judge it has investment value.puts forward suggestions to Tianjin Teda and investors,and briefly describes the limitations of this article.