基于EVA的中信证_券价值评估研究学士毕业论文.doc

浙江大学城市学院毕业论文 摘要 基于EVA的中信证券价值评估研究 【摘要】近年来，证券业发展趋势迅猛，证券公司是证券业的主要可投资机构，对证券公司进行价值评估可以帮助投资者科学合理的认识证券公司的投资价值。本文以中信证券为例，重点研究了经济增加值估值法对证券公司内在价值的评估应用。在研究中，采用理论结合实践的方法，首先研究了经济增加值价值评估理论，随后重点结合中信证券近三年年度财务报表，对应经济增加值估值法在评估证券公司内在价值中应该调整的相应会计科目，将调整后的数据代入经济增加值估值法评估模型，得出了评估结果。实证结果显示，经济增加值估值法所得到的中信证券内在价值很好的反映了中信证券的市场表现，经济增加值估值法可以有效的指导投资者对证券公司的价值投资。 【关键词】价值评估，经济增加值，中信证券 浙江大学城市学院毕业论文 Abstract 城市学院计算分院毕业论文 Abstract Research on the value assessment of CITICS Securities Base on EVA 【Abstract】In recent years, with the development of security companies ，the valuation of securities companies could help investors know its investment value a in a scientific way. In this paper, the emphasis of study is using an EVA valuation method to value securities companies, take CITIC Securities for an example. Project research combines the theory with practice method. The EVA valuation theory and EVA valuation methods have been studied and compared with some other valuation methods. According to an instance, combining with the fundamentals of CITIC Securities, an application of EVA valuation methods have been studied. And it has provided the concrete method and detailed steps of an EVA valuation method, then it get a valuation result. At the end, valuation results are presented as well as being analyzed briefly compared the EVA valuation method with the relative valuation method. According to the analyzing the result of valuations, the EVA valuation method is better than the relative valuation method. The result of EVA valuation reflected the behavior in the past stock market well. By researching, the paper gets some useful conclusions and suggestions that areguidance and references for investors. 【Key Words】Valuation，Economic Value Added，CITICS Securities 浙江大学城市学院毕业论文 STYLEREF 章标题－不加入目录 目录 城市学院计算分院毕业论文