房地产市场转型调整背景下我国上市房企股票投资价值分析——以金地集团为例  

Analysis of the Investment Value of Stocks of Listed Real Estate Enterprises in China under the Background of Transformation and Adjustment of the Real Estate Market—A Case Study on Gemdale Group

作　　者：杨焱 林候铭 YANG Yan;LIN Houming(School of Shipping Economics and Trade,Guangzhou Maritime University,Guangzhou 510725,China;Guangzhou Branch of Agriculture Bank of China,Guangzhou 510630,China)

机构地区：[1]广州航海学院航运经贸学院,广州510725 [2]中国农业银行广州市分行,广州510630

出　　处：《经济研究导刊》2024年第12期56-62,共7页Economic Research Guide

基　　金：2022年度“广州航海学院《证券投资学》线下一流课程建设”项目(C2206001140);广州交通大学(筹)引进人才科研启动项目(K42022058);2022年度广州市《微观经济学》课程教研室项目(2022KCJYS019)。

摘　　要：如今,面临“房住不炒”等政策要求,房地产市场处于调整转型中,房地产发展新模式还未成型。但这并不意味着上市房企股票不值得投资。企业股票是否具有投资价值主要取决于其当前股价与其估值的差异。随着房地产行业不断整合和出清,优质房企价值将得到重估。基于此,以金地集团为例,通过对其财务指标分析,并运用相对估值法对其股票价值分析,得出金地集团股票市场价格存在较大低估,所以具有投资价值。Facing the policy requirements of“housing for living,not for speculation”,the real estate market is in the process of adjustment and transformation,and the new model of real estate development has not yet taken shape.But this does not mean that the stocks of listed real estate companies are not worth investing.Whether a company’s stock has investment value mainly depends on the difference between its current stock price and its valuation.With the continuous integration and clearing of the real estate industry,the value of high-quality real estate companies will be revalued.Taking Gemdale Group as an example,by analyzing its financial indicators and using the relative valuation method to analyze the value of its stock,it is concluded that Gemdale Group’s stock market price is significantly undervalued and has investment value.

关 键 词：房地产市场 股票投资价值 上市房企 金地集团 

分 类 号：F299.233.3[经济管理—国民经济] F832.51