摘要
随着证券投资基金的设立,价值投资的理念和方法逐渐确立,现金流贴现模型在我国证券市场逐渐得以广泛使用,模型本身也正在逐渐得以完善。本文通过对上海汽车(600104)实例进行股票内在价值的估价,探讨模型在应用中的使用条件、使用方法,分析一些参数的变化对股票价值的影响程度。
With the establishment of the security investment fund, the idea and method of value investment are established gradually. Discount evaluation model especially discount cash flow model are being gradually understood and being used in our securities market, and the model can be perfected and supplemented gradually, too. The author evaluates stock inherent value of Shanghai Automotive Co. Ltd. （SA）, and probes into the precondition and method of using the model. The author tries to find out some parameters＇ influence degree to the stock value. While calculating inherent value of SA, we can know , assess and discuss the ability of the company to develop continuously and some question of the company.
出处
《漯河职业技术学院学报》
2005年第4期93-95,共3页
Journal of Luohe Vocational Technical College
关键词
贴现模型
价值投资
股票价值
discount model
value investment
stock value
