What does NAV valuation mean?

NAV valuation, namely the net asset value method, is the mainstream valuation method in the real estate industry. The so-called net asset value method refers to the net asset value (NAV) of real estate enterprises after deducting liabilities after discounting the cash flow of current reserve items under the assumptions of certain sales price, development speed and discount rate. Specifically, the net asset value of the development property is equal to the discounted value of the net cash flow formed by the existing development projects and land reserve projects in the future sales process MINUS the liabilities; The net asset value of investment real estate is equal to the net rental income of the current project discounted at the set capitalization rate MINUS the value of liabilities.

After answering the question of the subject, I will take you to discuss the valuation in depth!

It is a headache to buy the wrong stock or the wrong price stock, and even the best company's share price is sometimes overvalued. Buying an undervalued price can not only win infrared, but also get the price difference of the stock. However, if you buy an overvalued price, you can only be a "shareholder". Buffett often estimates the value of a company's stock when buying stocks and avoids buying at high prices. After talking a lot, how can we estimate the value of the company's stock? Below I will list a few key points to tell you in detail. Before the beginning of the text, I have prepared a wave of benefits for you-the list of bull stocks selected by institutions has been freshly released. Don't miss it when passing by: the list of recommended bull stocks by top secret institutions is leaked, and the speed is limited! ! !

1. What is the valuation?

Valuation is to find out the value that a company's stock can achieve, just as a businessman needs to calculate the principal of the goods when he purchases, so as to figure out how much he wants to sell and how long it will take to start to return the capital. This is the same as buying stocks. How long will it take us to buy this stock at the market price and make money? But there are a lot of stocks in the stock market, which are similar to those in large supermarkets. I don't know which is cheaper and which is better. However, there is a way to estimate whether their current prices are worth buying and whether they are profitable.

Second, how to value the company?

You need to consult a lot of data to judge the valuation. Here are three more important indicators:

1, P/E ratio

Formula: P/E ratio = price per share/earnings per share. For specific analysis, please refer to the average P/E ratio of the company's industry.

2、PEG

Formula: PEG =PE/ (net profit growth rate * 100). When PEG is lower or lower than 1, it means that the current stock price is normal or undervalued, and when it is greater than 1, it is overvalued.

3. P/B ratio

Formula: P/B ratio = price per share/net assets per share, suitable for large or relatively stable companies. It stands to reason that the lower the P/B ratio, the higher the investment value. However, if the P/B ratio falls below 1, it means that the company's share price has fallen below its net assets, and investors should be very careful about this.

Give a practical example: Fuyao glass.

As we all know, Fuyao glass is a large-scale leading enterprise in the automobile glass industry, and its glass has been adopted by major automobile brands. At present, the automobile industry has the greatest impact on its income, which is relatively stable compared with other industries. Then, use the three criteria just mentioned to judge how this company is!

① P/E ratio: At present, its share price is 47.6 yuan, and the forecast earnings per share in 20265438 is +0.5742 yuan, and the P/E ratio is 47.6 yuan/1.5742 yuan = about 30.24. 20~30 is normal. It is easy to see that the current share price is slightly higher, but the best way to judge is to look at the size and coverage of its company.

②PEG: From the handicap information, we can see that the PE of Fuyao Glass is 34.75, and then according to the company's research report, we can get a net profit rate of 83.5%, and we can get PEG = 34.5/(83.5% *100) = 0.41or so.

③ P/B ratio: First, open the stock trading software and get the net assets per share according to F 10. Combined with the stock price, the P/B ratio is 47.6/8.9865 = about 5.29.

Third, the evaluation of valuation should be based on many aspects.

Wrong choice is, total set of formula calculation! In fact, stock trading is the future income of the speculation company. Even if the company's current valuation is too high, it does not mean that there will be no explosive growth in the future, which is also the reason why fund managers pursue white horse stocks. Secondly, the industry growth space and market value growth space of listed companies also play an important role. Using the above methods, many big banks must be seriously undervalued, but why can't their share prices go up? The most important reason is that their growth and market value space is close to saturation. More industry quality analysis reports can be obtained by clicking the link below: the latest industry research reports are shared for free, and there are still the following points to get rid of the industry. If you want to know, just look at: 1, at least know the market share and competition rate; 2. Understand the future long-term planning and the company's development space. These are some skills and techniques I shared with you today. I hope you can be inspired. Thank you! If you really don't have time to study that deeply, you can click this link directly and enter your favorite stock, and you can get the stock diagnosis report! Test your current valuation position for free?

Reply time: 202 1-09-25. The latest business changes are subject to the data displayed in the link in the article. Please click to view.