毕业论文中文摘要随着竞争的日益加剧，民营快递企业急需扩大经营规模和市场份额，资金需求量越来越大。由于IPO上市进程缓慢、限制性条件较多，民营快递企业纷纷通过借壳上市抢占市场先机，实现企业转型升级。快递企业的借壳上市使得行业规模迅速壮大，收益持续攀升。建立在股票价格基础上的证券技术分析不能够清晰地反映企业价值，快递企业价值难以预测。股票市场参与者想要获得准确的信息进行投资，就需要研究者通过其他方法对快递企业进行投资价值分析。首先，本文对国内外企业价值评估文献及方法进行了综述，并简述了快递行业现状，预测了快递行业的发展趋势；其次，本文通过对顺丰速运公司经营现状、财务指标和发展战略进行分析，揭示了经营能力、企业价值实现特征和未来发展潜力，同时为后续的估值提供了数据与理论支持；最后，本文采用企业自由现金流量贴现模型和相对估值法对顺丰速运公司公司进行投资价值分析，得出了本文的结论和估值存在的局限性，提出了投资建议，同时丰富了上市民营快递企业的投资价值分析方法。关键词顺丰控股自由现金流贴现模型相对估值法第PAGE\*MERGEFORMAT28页共NUMPAGES\*MERGEFORMAT33页本科毕业论文毕业论文外文摘要TitleAnalysisofInvestmentValueofExpressIndustryEnter-prisesinChina——ACaseStudyofShunfengHoldingsAbstractWiththeincreasinglyfiercecompetition,privateexpressenterprisesareinurgentneedofexpandingtheirbusinessscaleandmarketshare,andthedemandforfundsisgrowing.DuetotheslowprocessofIPOlistingandmorerestrictiveconditions,privateexpresscompanieshavetakenadvantageofmarketopportunitiesbybackdoorlistingtoachieveenterprisetransformationandupgrading.Thebackdoorlistingofexpressdeliveryenterpriseshasmadetheindustryscalegrowrapidlyandtheprofitscontinuetoclimb.Securitiestechnologyanalysisbasedonstockpricecannotclearlyreflectthevalueofenterprises,andthevalueofexpressenterprisesisdifficulttopredict.Ifstockmarketparticipantswanttogetaccurateinformationtoinvest,theyneedresearcherstoanalyzetheinvestmentvalueofexpresscompaniesthroughothermethods.Firstly,thispapersummarizestheliteratureandmethodsofenterprisevalueevaluationathomeandabroad,andoutlinesthecurrentsituationofexpressindustryandpredictsthedevelopmenttrendofexpressindustry.Secondly,throughtheanalysisofShunfengExpressCompany'soperationstatus,financialindicatorsanddevelopmentstrategy,thispaperrevealstheoperatingcapacity,thecharacteristicsofenterprisevaluerealizationandthepotentialoffuturedevelopment,andatthesametime,italsoraisesforthefollow-upvaluation.Finally,thispaperusesthediscountmodelofenterprisefreecashflowandrelativevaluationmethodtoanalyzetheinvestmentvalueofShunfengExpressCompany,drawstheconclusionofthis