毕业设计（论文）-中信证券投资价值研究.doc

JIUJIANGUNIVERSITY毕业论文题目中信证券投资价值分析英文题Theventurefinacingandanalysisofcollegestudents院系商学院专业金融学姓名年级指导教师目录引言·····························································3一、证券行业的现状和发展趋势····································4二、相关概念界定················································5(一)、公司价值················································5(二)、投资价值················································6三、中信证券公司治理结构分析····································6四、公司主营业务分析············································6、经纪业务·················································6、证券承销业务·············································6、证券投资业务·············································6、资产管理业务············································7五、公司财务分析···············································8、盈利能力分析············································8、偿债能力分析············································8、发展能力分析············································9中信证券价值评估············································10、DDM固定增长红利贴现模型·································10(二)、市盈率模型··············································11应注意风险··················································11八、结论························································12参考文献························································12中信证券投资价值研究【摘要】我国证券业自成立以来取得了长足的发展,产生了一大批资产雄厚的企业。但随着2007年美国次贷危机的爆发,造成全球股市的大幅下挫,使得我国的证券公司进入了一个业绩低谷。不少企业面临困境,纷纷寻求转型和创新。但证券公司作为证券市场运行的中枢,链接投资者、发行市场和流通市场的桥梁,一直都是推动证券市场的重要力量,我们有理由相信在经历过大浪淘沙之后,未来保留下来的企业将是极具投资价值的。我们通过DDM固定红利增长模型以及市盈率模型对中信证券的股票价值进行计算,得出了作为证券龙头行业的中信证券的投资价值。【关键字】投资价值,股市周期,金融创新CITICSecuritiesinvestmentvaluestudy[Summary]China'ssecuritiesindustrysinceitsinceptionhasmadeconsiderabledevelopment,,causedbytheglobalstockmarketsfellsharply,makingChina',,linkinvestors,theissueofmarketandcirculationmarketbridgehasalwaysbeen