| China's economic development has entered a stage of high-quality development.As a blood of economic operation,China's financial system reform has continued to deepen and the financial market has continued to mature.With the continuous growth of residents' wealth and the change of investment philosophy,idle funds have generated a large amount of investment demand,and the stock market has become one of the main choices for residents to invest in wealth management.After decades of development,China's stock market has gradually matured into a stage of development.The method of assessing the value of listed companies has also become more rational.The stock price of listed companies can largely reflect the intrinsic value of the company.With the deepening of interest rate market reform in the banking industry,the number of listed banks has been increasing.As of the end of 2018,there are 31 listed banks in the A-share market.The banking industry is the main part of China's financial system,and conmmercial banks are in China's financial market.The role played by China cannot be replaced.Whether it is past,present or future,the dominant position of commercial banks in the rational allocation of financial resources will not change.The standardized and scientific evaluation of the investment value of commercial banks will help investors The growth momentum of economic development and the efficiency of capital utilization form a systematic understanding and promote investors to make rational investments.As an important subject in the financial market,banks have become one of the important investment options for investors.However,due to the particularity of China's stock market,the value of banks has been underestimated,and investors need to objectively assess the value of banks in the investment process.Industrial Bank CO.LTD is one of the well-operated joint-stock banks in China.Its assets in 2017 were 6.42 trillion yuan,making it the largest bank in the joint-stock banks.Industrial Bank's inter-bank business,investment banking business and green finance business have developed relatively prominently in joint-stock banks,forming its own business brand.Its investment value is optimistic for investors,but the stock price of Industrial Bank CO.LTD.has been underestimated and it is not necessary to take reasonable measures.The valuation method provides a reasonable analysis of the value of Industrial Bank CO.LTD.This paper first introduces the basic situation of Industrial Bank CO.LTD,analyzes the characteristic business and products of Industrial Bank,and expounds the development of Industrial Bank CO.LTD from the aspects of governance structure,brand image,business transformation,group integration construction,technology operation and corporate culture.The competitiveness of banks;Secondly,this paper expounds the external economic environment and economic policies of the Industrial Bank CO.LTD,analyzes the development status and existing problems of China's commercial banks,and analyzes commercial banks from the perspectives of market share,competition status and profit status.In the development stage,Porter's five-force model was used to analyze the competition status of Industrial Bank CO.LTD.Thirdly,by analyzing the financial indicators of Industrial Bank and its similar-scale joint-stock commercial banks,the Bank's asset quality,liquidity and profitability were carried out.Comparative analysis;Finally,using the P/E ratio method,the P/B ratio method and the economic value added method to evaluate the investment value of Industrial Bank CO.LTD.and the investment conclusion is given in combination with the external environment and fundamentals of Industrial Bank CO.LTD.Through comparative analysis and financial analysis methods to analyze the investment value of Industrial Bank CO.LTD,we conclude that:Industrial Bank CO.LTD,regardless of its basic quality or financial status,maintains a leading position in joint-stock commercial banks.Market insight and control over the bank,identify your market position and find your own direction.According to the valuation results,the author predicts that the future development of Industrial Bank CO.LTD is broad and has certain investment value. |
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