How to read stock fundamentals
Stock fundamental analysis is an important method for investors to evaluate the intrinsic value of a company. By analyzing the company's financial data, industry status, management team and other factors, it can determine its long-term investment value. The following are the hot topics discussed across the Internet in the past 10 days and the key points of fundamental analysis:
1. Recent hot topics and market trends
| hot topics | Related industries | Influence direction |
|---|---|---|
| Fed rate hike expectations cool | Finance, technology | Improved liquidity and repaired valuations of growth stocks |
| New energy vehicle subsidy policy continues | New energy vehicles | Industrial chain demand side support |
| AI large model commercial acceleration | Artificial intelligence, cloud computing | Revenue expectations for technology companies increase |
2. Core framework of fundamental analysis
1. Financial data indicators
| Indicator category | key indicators | health standards |
|---|---|---|
| Profitability | ROE, gross profit margin, net profit margin | ROE>15%, gross profit margin is at the forefront of the industry |
| Solvency | Asset-liability ratio, current ratio | Debt ratio<60%，流动比率>1.5 |
| operational efficiency | Accounts receivable turnover rate, inventory turnover rate | 20% higher than the industry average |
2. Industry comparative analysis
Select three comparable companies in the same industry for horizontal comparison (sample data):
| Company name | PE(TTM) | dividend yield | revenue growth |
|---|---|---|---|
| Company A | 25.3 | 1.8% | 18.7% |
| Company B | 32.1 | 0.5% | 25.2% |
| C company | 18.9 | 2.3% | 12.4% |
3. Operation suggestions
1.Financial health screening: Companies with ROE >10% and debt ratio <50% for 3 consecutive years will be given priority.
2.Valuation rationality verification: The current PE should be lower than the industry average and the company’s historical median
3.Growth sustainability judgment: Technology companies with R&D expenses accounting for >5% are more competitive in the long term.
4. Risk warning
• Pay attention to warning signs of financial fraud (such as abnormal growth in accounts receivable)
• Be wary of M&A companies with too high a proportion of goodwill
• Cyclical industries need to be combined with product price cycle analysis
Through systematic fundamental analysis, investors can effectively filter out short-term market noise. It is recommended to dynamically adjust the assessment model based on the latest financial report data (focusing on the cash flow statement) and industry policy changes.
check the details
check the details
en
