A Valuation Analysis on China Satellite Communications Co., Ltd.
DOI:
https://doi.org/10.54097/fy12gf28Keywords:
Financial valuation, DCF model, sensitivity analysis, China Satellite Communications Co., Ltd.Abstract
As the commercial space industry is booming, its importance to a country is growing. China Satellite Communications Co., Ltd. (hereinafter referred to as "CASC"), as an important enterprise in the commercial space industry, its enterprise value and recognition by the capital market are of great significance to the whole industry. This paper makes a comprehensive assessment of the investment value of CASC through P/E valuation analysis, DCF analysis, sensitivity analysis, fundamental analysis and financial index analysis, and analyses the business model and development prospects of the commercial space industry in the current context, so as to provide investors with a reference basis for their investment decisions. Through the research and comparison of these methods, the results of P/E analysis and DCF analysis have a certain degree of bias, and both of them overestimate the value of the stock and the company to a certain extent, while fundamental analysis, financial indicator analysis and sensitivity analysis are more explanatory of CASC's financial status, development trend and other aspects.
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