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1、對外經(jīng)濟貿(mào)易大學碩士學位論文萬科公司投資價值分析報告——基于貼現(xiàn)現(xiàn)金流量的分析姓名:孫亞洲申請學位級別:碩士專業(yè):工商管理指導(dǎo)教師:張新民2001.4.1AbstractThisreportadoptstheDiscountedCashFlowApproachtoevaluatetheinvestmentvalueforVankeCorpThevalueofVankeismainlyrootedintheexpectedcashflow

2、inthefutureThegrowthofbusinesswillbeincreasedslowlywiththemarketcompetitiongetsmoreandmoreintenseHoweverbeinggoodatmakingcompetitionstrategiesandtheexistingoperationsscopeofVankewillprovideinternalsustentationforitsshare

3、priceThegoalofevaluatingistoestimatewhetherVanke’ssharespriceisoverratedorunderratedasdiversifiedassumedconditions,withanalyzingpotentialoperationsanticipationandthefinancialperformanceofVankeTheresultsofevaluationshowst

4、hatthetotalvalueofVankewas13billionRMBwhenitsWeightedAverageCostofCapitalequaledto969%attheendofyear2000The確nalvalueofVankeis2204RMBpersharebasedon631millionstocksbytheendofyear2000IfweincreasetheWeightedAverageCostofCap

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