How to select stocks through the fundamentals of listed companies?

A-share Nine Rings (Chinese-style value investment).

1. Theory. 1. Value investment.

2. Mean reversion.

2. Stock selection. 1. **High rating.

2. Low dynamic pe.

3. Static pee is low.

4. Good operating cash flow.

5. The total cash flow is good.

6. P b is low.

7. ROE is better.

8. The profit margin of the main business is better.

9. A premium h is low.

10. It has been listed for a period of time, and the turnover is relatively sufficient.

11. The medium-term increase is small.

12. The short-term increase is small.

3. Operation. Disperse at the right time, and make small profits. The more you fall, the more you buy. Every time you make money, you must sell, and every time you sell, you must make money. High-frequency trading, like a rotation.

Fourth, you may have overlooked the A-share data.

1. The ** of dynamic pe<25 is only 17%.

2. The static P e<25 is only 14%.

3. The ** of the operating cash flow "0" is only 42%.

4. The total cash flow is only 39% of 0.

5. The ** of p b<4 is only 54%.

6. ROE > 12%** is less than 26%.

7. The profit margin of the main business is only 70% of 3%.

There are plenty of answers to questions about this kind of on the stock tycoon network, you can check it out!

This is a system engineering, first of all, to see which industry the company belongs to, what are the characteristics of the industry, and what is the country's industrial policy? Is it to encourage or suppress the industry? Then there is the company, gross margin, debt-to-asset ratio, return on equity, changes in accounts receivable and inventory, quick ratio, current ratio, operating cash flow, etc.

To understand all this, you need to know how to read the financial statements.

It mainly looks at the company's industry, national industrial policy, and the company's financial statement data.

Listed companies ask accounting firms to audit, and the firms do business to listen to the words of listed companies, and most of the financial audit reports are falsified. It does not fully reflect the real situation.

The basic face of ** does not play a role at all. At present, the fundamentals are the best banks, but the **** of the banks has risen worse than any homework.

1.Falsification of financial statements of listed companies is common.

2.Fundamental analysis reports you have to look at.

3.It is recommended that you look at the net assets per share, the number of changes in share capital, the increase and decrease of net profit over the years, and the changes in main business income as a starting point to judge the company's operating conditions in recent years and in the future.

Look at the net assets per share to know how much the stock is worth, and see the earnings per share can reflect the growth of the stock. The other indicators are all nonsense, no matter how good the main force is, he can't fake these two things.

Hello, it is recommended to study mainly from the company's financial statements, under the premise that the company does not make false accounts, first of all, the balance sheet, through the company's assets, liabilities and the proportion of assets and liabilities to make a preliminary judgment, can not be too much debt, of course, not debts are not beneficial, liabilities can sometimes be equivalent to borrowing unprofitable money to operate, why not; Secondly, the cash flow statement, cash flow is like blood, no blood or insufficient blood will not be able to survive, let alone not survive; Finally, the income statement, under the premise of the company's survival, it is necessary to have good profits in order to bring benefits to shareholders, the most important thing is to look at earnings per share, of course, you can also learn about undistributed profits, some companies will not pay dividends for the time being, and reserve for undistributed profits in case the operating efficiency is not ideal in the future.

Fundamental stock selection is the most reliable method, but it is also the most demanding skill, you must have financial knowledge, be able to read the financial statements of listed companies, at least be familiar with the basic concepts such as price-earnings ratio, price-to-book ratio, year-on-year profit growth, etc., and learn well is not a matter of one or two days.

Fundamental stock selection is generally based on the following aspects:

The first is to choose the industry, which is generally the high-tech industry supported by the state, which can be cared for by national policies and bank funds in the future for a period of time.

The second is to choose the size of the share capital, generally speaking, the small and medium-sized caps have a large increase.

The third is to select the development potential of enterprises, and the earnings per share are increasing year by year.

Fourth, choose the lowest valuation, generally look at the valuation is the price-earnings ratio and price-to-book ratio, the price-earnings ratio is not higher than 20, and the price-to-book ratio is not higher than 2, which are reasonable valuations.

Fifth, the stock price is selected at a relatively low level, and the early stage has gone through a large **.

Sixth, if the amount of funds is relatively large, you can take the method of buying more and more falling, in batches, if the amount of funds is small, the best buying point is when the stock price crosses the 20-week line and steps back on the 20-week line and stabilizes. With a 20-week line**, you can generally hold shares for about a year.

Fundamental Stock Selection Screening Steps:

1. See if there are a large number of ** involved, no, give up.

2. Look at the performance, if the performance is not good, give up resolutely.

3. Look at the performance growth, through last year, the previous quarters of the performance comparison, to see whether the growth (no company each quarter performance accounted for the whole year is different, to compare with the same period last year to be more accurate), if the growth declines, give up.

4. Look at the project under construction, if not, or the project under construction will be completed after two or three years, and give up temporarily.

6. Look at the number of shareholders, increase it massively, and give up.

7. Look at the short-term valuation, the short-term valuation is too high (you can refer to the comparison of other ** and foreign conditions in its sector) to give up temporarily.

These can be slowly comprehended, novices can use a simulation disk to practice in the early stage, find some experience from the simulation, and then apply it to the actual combat with good results, so as to avoid some unnecessary losses, if you are really not sure, you can use a **treasure mobile phone** to follow the cattle inside to operate, so it is much more secure, I hope it can help you, I wish you a happy investment!

From a fundamental point of view, generally speaking, there are several main points of view:

1) Annual after-tax profit per share is more than 0 50 yuan;

2) The annual net asset income is more than 20;

3) The P/E ratio is below 20 times.

These standards have their own reasons, but they are a little superficial, to examine the performance of a listed company should be integrated in all aspects of its situation, in addition to the above points should also be examined from the following aspects:

1) The company's financial condition. The financial status of a company mainly involves several aspects such as capital structure, solvency, and profitability.

2) The company's operating conditions. A company with good performance often has excellent product quality, a large market share and a high business reputation.

3) The management level of the company. A company with good performance must have a high-level leadership team, scientific and rigorous work style and management methods.

4) Return to shareholders. A company with good performance will give shareholders generous returns every year, such as a large proportion of bonus shares and high cash dividends.

Fundamentals will depend on the company's financial report, the industry in which it is located, the low level in the industry, the growth, the current stock price valuation, how it compares with the same industry, whether there are epitaxial mergers and acquisitions in the future, whether there are asset injection expectations, etc.

But the fundamentals are only used to look at the texture of the company, and there will be a lag.

A more effective way to select stocks is to start with the technical chart, and select some low- and medium-priced stocks that start quickly from a low level and have a resolute price limit, or the stock price has just broken through the previous intensive trading area, and the overall increase is not too large. Some hesitant rallies and are difficult to quickly rise and fall, which often indicates that the main strength of the intraday is not strong or the relevant market rumors are not very reliable, so there is no need to rush to chase higher.

Secondly, you can analyze the company's fundamental situation, mainly to see if there are any special potential problems, some losses or special treatment of problem stocks should be avoided as much as possible. Among them, the commercial class with a wide distribution of business outlets is often the first"Touch the net"It's easier; Some companies with more flexible business ideas often become potential network concept stocks.

In short, in the strong market--- especially in the current market where the theme speculation is prevalent, the stock selection idea should be based on technical charts, supplemented by fundamental analysis, and pay attention to the first half of the mainstream hot spots, focusing on the selection of those who have the main capital to take care of the strong, in the second half of the stage to consider some supplemental varieties. It should be pointed out that in the current situation that the whole and some strong ones have risen greatly, investors in the specific operation, in addition to some of the ** that have just entered the main ascending stage can have the courage to chase up, the overall idea should be to avoid blindly chasing high, it is best to choose the low point to absorb the dip when the relevant **appears**.

Unless you can have your own channels like Warren Buffett to really get to know the inside story of the company. So I don't pay much attention to statements and disclosures and so on.

However, ordinary ** stock selection still needs to consider the fundamentals, and I personally consider it from the following aspects:

The industry in which the enterprise is located Good industries, such as resources, are optimistic in the next ten years or even decades. Choose this kind of ** to win more likely.

Looking at the shareholder structure, most of the state-owned enterprises will not be too bad.

To see whether the development direction of the enterprise is in line with the direction of national policy support, the good wind will send me to Qingyun with its strength.

The plate should not be too big, and if the plate is large, there will be fewer people who can stir it up, and there will be fewer opportunities.

In addition, the fundamentals and the trend of the market sometimes diverge. Therefore, fundamental stock selection must be confirmed by the technical side, otherwise the timing of buying is not right, and it may make you uncomfortable for a while. Some people can't stand it and sell their good stocks. As a result, if you choose the right one or not, you won't make money.

So first of all, we must get used to going through all the ** every day or two, add the ** with the ideal shape to our own stock candidates (usually we add them to the self-selected stocks), and then carefully analyze the ** we have selected

I generally take the following steps to analyze the fundamentals, to see if there is a large number of ** participation, no, give up, look at the performance growth, through last year, the previous quarters of the performance comparison, to see whether the growth (no company each quarter performance accounted for the proportion of the whole year is different, to be compared with the same period last year to be more accurate judgment), if the growth declines, give up, look at the project under construction, if not, or the project under construction two or three years after completion, temporarily give up, meet the above conditions, then search for industry information, company information, Analyzing the overall trend of the industry, it is more ideal to focus on, look at the number of shareholders, increase significantly, give up, look at short-term valuation, short-term valuation is too high (you can refer to the comparison of other ** and foreign situations in its sector) to give up temporarily.

Through the above methods to select the **, basically the medium and long-term risk-free**, and then through the technical selection of buying and selling points For example: Qualified, qualified, qualified, qualified, qualified, not very qualified, short-term valuation is too high, but if it is really as the company expects growth, next year will definitely far exceed this year's performance, so it can be tracked, pay attention to the inflow and outflow of funds (mainly ** whether there is a significant reduction in positions), looking for buying and selling points

Of course not, but the probability of success is relatively high if you choose it through this method.

If there is such a method, then everyone can make money, then how can the dealer live. The reality is that it is always the dealer who is making money, why, figure it out and come again. ]

You choose the first step, open the fundamentals, and the values in it are all red (that is, positive, indicating that it is profitable), so that the company can do it. After the fundamentals are profitable first, you can carry out the second step of screening, choose the bulls up, and the technical orientation is good. After the technical side is first out of the bulls, you can carry out the third step of screening and choose the one with a large flow of funds.

Then, OK].

Technical, fundamental, and news, which is better? What suits you is good, so you should tailor it according to your own conditions, or adopt a comprehensive investment concept!

Trick 1: Fundamental analysis.

What is Fundamental Analysis? When selecting stocks, we should care about the intrinsic value of listed companies, analyze macroeconomic data, industry prospects and the company's financial statements, and judge the investment value of listed companies to find potential stocks!

What are the basic skills to practice? To understand the company's financial statements and all kinds of capital transactions. (Feeling like expertise is too hard? Short on time? Wangcai also has a way, and it will take a few years to learn them well).

Trick 2: Technical analysis.

What is a technical aspect? It is to care about stock price trends, trading volume, funds and other market behaviors when selecting stocks! Includes trend analysis, indicator analysis, and fund analysis. The operation modes are: swing trend method, pattern breakout method, etc.

Who is it best for? Investors who believe that market behavior encompasses all information, and believe that history will repeat itself if it moves along a trend.

When can I use it? Make trend investments and SMS investments.

Defects: It will make the ** chase the rise and fall, and the key point will not be stepped on, and in the end it will have to be cut out of the game, and the losses will be heavy

What basic skills do you need? If you are interested in indicators and graphs, congratulations, this method is more suitable for you. A brief list of metrics to learn:

Trend indicators, anti-trend indicators, energy indicators, volume and price indicators, pressure support indicators, ** indicators, volume indicators, main chart indicators, swing indicators, characteristic indicators, strength indicators, dragon indicators, ghost indicators, god indicators, statistical indicators...There are too many woods, so let's do it roughly

Trick 3: Message surface.

The news side, as the name suggests, is to listen to the news and buy** good news** up! Rose! Rose! The impact of bad news is naturally negative so, does the news heard in the vegetable market count? Well, let's teach you, what kind of news is useful? The news that can have an impact on the stock price must be a big event involving the economy! Including macro policies, industry policies, corporate finances, operating conditions, etc.!