Investment Value Research Articles

Investment value analysis of listed steel industry companies on the main board based on factor analysis method

Investment value analysis of listed steel industry companies on the main board based on factor analysis method

Article Review: Relationship between Toxoplasmosis and other Diseases

Water provision is sensitive to climate change, and agricultural production and food supply are sensitive to water availability. Water scarcity affects food security and agricultural economic development through changes in agricultural production and changes in the composition of produced goods. Recent droughts also led to a decrease in the volume of water allocated to agriculture, which led to a decrease in total agricultural production and exports, and this has subsequent impacts on food security and economic development. The research aimed to measure the impact of water scarcity on agricultural economic development for the period 1990-2022. The research included three behavioral equations with three endogenous variables: the cultivated area, the value of agricultural output, and the value of gross domestic product, and four exogenous variables: the amount of available water, agricultural labor, and the value of agricultural investments and the income of other sectors, the studied model is called the sequential model, which was estimated using the Recursive method, using the ordinary least squares (OLS) method. The results indicated that increasing the amount of available water will lead to an increase in the cultivated areas by 141,129.2 dunums, and that increasing one thousand dunums of the cultivated area will increase agricultural output by 0.00821, and that agricultural labor is inversely proportional to agricultural output. It became clear that if the income of the rest of the sectors increased by one unit, the domestic product would increase by 0.1873. Water scarcity will reduce cultivated areas, which in turn will decrease agricultural output, causing the value of agricultural output to decrease and its contribution to the gross domestic product to decrease. In turn, it will have serious repercussions on agricultural economic development. Therefore, the research recommends the necessity of integrated water management and improving the efficiency of its use, as well as the application of modern technologies in agriculture, such as sprinkler irrigation, hydroponics, and redrawing crop compositions to ensure maximizing the net return per unit of water.

Identifikasi Urutan Prioritas Penanganan dalam Pemeriksaan Kondisi Jembatan dengan Metode Bridge Management System (BMS)

One piece of infrastructure that has an important role in a road network is a bridge. Bridges are land transportation infrastructure that is useful for continuing roads through existing obstacles such as rivers, so the collapse of a bridge will reduce or hold up traffic, which means disrupting the smooth transportation of people and goods. A bridge is a structure that crosses a river or other traffic barrier, so the collapse of the bridge will reduce or hold back traffic, which as a result will disrupt the comfort of traffic and disrupt economic relations. The purpose of a bridge inspection is to ensure that the bridge is in a safe condition for road users and also to secure the investment value of the bridge. In this thesis, we will discuss the identification of bridge condition checks which are carried out directly by conducting field surveys.

Is there a diversification paradox in real estate investment funds' value?

PurposeThis paper studies diversification and value in the investment portfolios of (non-listed) Real Estate Investment Funds (REIFs) exploring how the value of diversification is captured by the market and by investors (beyond reported valuations).Design/methodology/approachWe apply the Herfindahl-Hirschman Index (HHI) to study the level of concentration versus diversification in the investment portfolios of REIFs (both in terms of segment and geographical diversification). We use a dataset from INREV with data from 62 investment portfolios, with an average of 86 REIFs per portfolio for the period of 2008–2020 (to study segment diversification). We use a second dataset from INREV with data from 30 investment portfolios with an average of 79 REIFs per portfolio for the period of 2005–2020 (to study geographical diversification). We employ a cluster analysis approach to identify common features among the investment funds.FindingsWe conclude that (segment diversified) portfolios with higher degrees of leverage exhibit higher income yields, albeit diversification is captured indirectly through asset choices – more diversified portfolios tend to exhibit a stronger risk and return relationship. Also, geographical diversification creates value (more significantly by for the correct combination of countries carefully choosing what different geographies to group in the diversified portfolio).Research limitations/implicationsOne limitation of our study is that our portfolios are funds of funds, since the available data could not reach the asset detail, but we believe this does not compromise our results.Practical implicationsDiversification leads to higher risk-adjusted returns which suggests that properties may be undervalued (market value) in the framework of the Gordon Model, contrary to expectations (regarding investment value).Originality/valueInvestors capture the value of diversification differently, suggesting a gap between market value and investment value that can be explored.

The Research on the Investment Value of Healthcare Industry Based on Financial Analysis and Valuation Method: Case of CVS Health

The Research on the Investment Value of Healthcare Industry Based on Financial Analysis and Valuation Method: Case of CVS Health

Research on the Investment Value of PulteGroup based on Multiple Methods

Research on the Investment Value of PulteGroup based on Multiple Methods

Research on the Investment Value of Oracle based on SWOT, Financial Analysis and Valuation Methods

Research on the Investment Value of Oracle based on SWOT, Financial Analysis and Valuation Methods

Research on the Investment Value of LI Auto based on Multiple Method

Research on the Investment Value of LI Auto based on Multiple Method

Research on the Investment Value of eBay based on PEST, Financial and Valuation Methods

Research on the Investment Value of eBay based on PEST, Financial and Valuation Methods

Mental time travel and the valuation of financial investments: analysing five biases that cause pricing anomalies

PurposeThe purpose of this paper is to analyse five biases in the valuation of financial investments using a mental time travel framework involving thought investments – with no objective time passing.Design/methodology/approachAn investment’s initial value, together with any periodic funding cash-flows, are mentally projected forward (at an expected rate of return) to give the value at the investment horizon; and this projected value is mentally discounted back to the present. If there is a difference between the initial and present values, then this can imply a bias in valuation.FindingsThe study identifies (and gives examples of) five real-world valuation biases: biased funding cash-flow estimates (e.g., mega infrastructure projects); biased rate of return projections (e.g., market crises, tech stock carve-outs); biased discount rate estimates (e.g., dual-listed shares, dual-class shares, short-termism, time-risk misperception, and long-termism); time-duration misestimation or perception bias when projecting (e.g., time-contracted projections which lead to short-termism); and time-duration misestimation or perception bias when discounting (e.g., time-extended discounting which also leads to short-termism). More than one bias can be operating at the same time and we give an example of low levels of retirement savings being the result of the biased discounting of biased projections. Finally, we consider the effects of the different biases of different agents operating simultaneously.Originality/valueThe paper examines key systematic misestimation and psychological biases underlying financial investment valuation pricing anomalies.

Impact assessment of the residual lifespan of coal-fired power plants on the investment risk of carbon capture and storage retrofit

This research constructs an assessment model for carbon capture and storage (CCS) retrofit of coal-fired power plants (CFPP) by adopting the real option theory. Due to the prohibitive costs associated with retrofitting and insufficient residual lifespan of CFPP, CCS projects may fail to recoup their investment before units are decommissioned. The key contribution of this paper is that it investigates the impact of the residual lifespan of the units on the failure rate of the retrofit investment in addition to the optimal timing of the unit's CCS retrofit. Considering different installed capacities, utilization hours, clean energy subsidy and carbon trading mechanism, this study sets up seven scenarios to assess the impact of different investment environments on the value of project investment. In terms of sensitivity analysis, the residual lifespan of the unit, its interaction with carbon price, carbon price volatility, technological advancement rate, and subsidy level are examined for their impacts on the project investment risk. The findings suggest that the critical period for determining the long-term success of most coal-fired unit retrofits may be present, and more supportive policies need to be examined to facilitate the green transformation and upgrading of coal-fired units.

Integrated Financial Strategies: Sinking Funds and Annuity Pricing in a Dynamic Market Environment

The study on "Integrated Financial Strategies: Sinking Funds and Annuity Pricing in a Dynamic Market Environment" seeks to investigate how sinking funds, annuity pricing, and dynamic market environments can be integrated within the context of integrated financial strategies. The study focuses on the following areas: (1) the application of actuarial tables and probability distributions to ascertain the proper values for annuities payments and sinking fund balances; (2) the role of the actuary science in sinking funding scheduling; (3) the effect of market factors, such as interest rates, inflation, and economic conditions, on the value and value of sinking investments; (4) the analysis of the relationship between market dynamics, including interest rates and time periods, and the value of a sinking asset, including the integration of the two financial instruments. The analysis revealed that changes in the interest rate and the number of periods directly influence the future value of the sinking assets. The integration of these financial instruments can help to optimize financial decision-making, enhance risk management, increase investment returns, improve financial planning, and lead to greater integration with other financial instruments, ultimately leading to better financial outcomes for both financial professionals and investors

Portofolio Management with Markowitz Model to Determine Optimal Investment Values

Investment is a commitment to a number of funds or other resources made at this time with the aim of obtaining a number of benefits in the future. Investments can be channeled through several instruments, such as deposits, gold, property, stocks, and many more. With the various types of investments that exist today, the difficulty of finding an investment cannot be an obstacle. In investment, the appropriate allocation of funds can be an important factor in obtaining profits. By using the correct method, the risk factors that may occur can be minimized as well as possible. The method that can be used in determining funds in investment activities is using the Markowitz Model. Then, the author initiates a method for optimizing assets using the Markowitz method. In this research, used data from 10 stocks in Indonesia PANI, CLEO, DSSA, UNIC, ADRO, CITA, CAKK, TPIA, MYOR, ANTM. Then, the stocks will be arranged optimally portfolio. The optimal investment weight obtained for stocks from January 1, 2019 to December 31, 2023 using the Markowitz model, each share weighting namely 7,6% PANI, 18,05% CLEO, 8,48% DSSA, 16,902% UNIC, 12,471% ADRO, 10,496% CITA, 7,246% CAKK, 12,946% TPIA, 5,877% MYOR, and 0,464% ANTM company stocks and provide a portfolio ratio of 5.694581 which can also be interpreted that the optimal return ratio profit is 5.694581 times greater than the possible loss or portfolio variance.

PENGARUH INVESTASI TEKNOLOGI INFORMASI DAN STRATEGI DIVERSIFIKASI TERHADAP NILAI PERUSAHAAN DENGAN PERTUMBUHAN PENJUALAN SEBAGAI VARIABEL MODERASI

The impact of the Covid-19 pandemic has had an impact on the main sectors of the Indonesian economy, especially on company value. A company can have high share movements on the stock exchange because of the company's value. Company value is a reflection of company performance, this can influence investor assessment. The focus of this research is on company financial reports published in 2018-2020, where there are 168 manufacturing companies registered on the IDX in 2018-2020 which were obtained by downloading the website. Using signal theory (signaling theory) with multiple linear regression analysis methods. From the research results, it was found that information technology investment has a positive influence on the value of a company, the higher the value of a company's technology investment, the higher the company value. The diversification strategy does not affect the company's value. Sales growth has a positive influence on company value. Sales growth moderates the influence of information technology investment on company value. Then sales growth does not moderate the effect of diversification strategy on company value.

THE IMPACT OF PUBLIC INVESTMENTS FOR EDUCATION ON THE PERFORMANCE OF STUDENTS IN ROMANIA

Through this research we aim to make a brief analysis of how the value of educational investments influences the performance of students in Romania. In order to achieve the proposed goal, it is necessary to analyze some specific indicators to education and compare them with similar data from other countries. To carry out this research, both qualitative and quantitative research methods were applied. Education is an essential factor in economic growth and social development. The educational process has a significant role both in the growth of each individual and of society as a whole, being indispensable for personal development and well-being. Investments in education deliver long-term benefits to citizens, publicly funded institutions and the knowledge-based economy as a whole. Research over the last few decades has shown that investments in education and health are associated with the highest rate of return. It is essential to prioritize public investments with the aim of ensuring the performance standards of educational institutions in Romania, in conditions of security and quality. For this, it is necessary for the school infrastructure to function properly, the constructions to be consolidated, the maintenance costs to be costeffective and to ensure the efficiency of the use of space and resources in order to allow the activities of the users to be carried out in optimal conditions of comfort, health and productivity. Also, human capital is quantitatively analyzed as the first economic resource from the perspective of population evolution. In project evaluation, investment efficiency refers to the most effective, economical and rational way of using the investment resources made available to achieve the expected results.

Comparative Analysis of Investment Value in the Media and Entertainment Industry

Propelled by technological development, the Media and Entertainment (M&E) industry has experienced a remarkable transformation and expansion over the past few decades, giving rise to numerous potential investment opportunities. In this context, this essay conducts a comparative analysis of value investing in the M&E industry, focusing on Paramount Global, Netflix, Fox Corporation, and The Walt Disney Company. This research utilizes value investing principles proposed by Benjamin Graham to evaluate the financial strength and profitability of four research subjects. The study suggests Netflix as the most desirable investment due to its robust revenue growth, EPS projection, and profitability trends while highlighting the fierce competition, high valuation risks, and cybersecurity threats faced by Netflix. This paper also acknowledges its limitations related to historical data, market dynamics, and quantitative analysis. The aim of this study is to explore implying value investing in the M&E industry and provide investors with a recommendation of the most desirable investment option in this sector.

A Financial Analysis and Valuation of Chevron Corporation

With the continuous development of the global economy, the demand for energy continues to grow, and the market size of oil and gas as an important source of energy continues to expand, and the growth potential of the oil and gas market in the future is still huge. As an internationally renowned energy company, Chevron occupies an important position in the global oil and gas market. Firstly, the financial indicator analysis method is used to compare the financial data in 2023 with the other three energy companies to obtain its financial strength with strong asset liquidity, high solvency and strong profitability. Secondly, from the aspects of profitability, development ability and valuation, it is concluded that Chevron has strong market competitiveness, large room for stock price growth, and greater investment opportunities. Finally, it is concluded that Chevron has a high investment value, but it still faces certain risks and challenges, and it is necessary to pay attention to the impact of international oil price fluctuations on the company's performance and should pay close attention to its risk factors and take corresponding measures to face it positively.

Optimization and Demonstration of PV Power Plant Investment Evaluation and Decision Model under the Background of Marketization

Based on the real option analysis method, this paper makes an empirical analysis of the evaluation and optimization of the model, and analyzes the main factors of the investment value of photovoltaic power plants in combination with the investment decision-making characteristics of photovoltaic power plant projects under the background of marketization. The electricity price and generation income, transaction price and income are all processed by geometric Brownian motion, and the random process is obtained by Monte Carlo simulation method. Based on the sensitivity analysis of the uncertain factors of the model, the investment risk of photovoltaic power station is evaluated and the suggestions are put forward. The results show that when the on-grid electricity price increases by 10%, the net present value is about 6 million yuan in the 26th year. Therefore, how to evaluate the uncertainty factors of photovoltaic power plant investment and make scientific and reasonable investment decisions is of great significance for the development of photovoltaic power generation.

Comparison of Business Investment Value Between Traditional and New Logistics Companies

The logistics industry has experienced significant transformations as a result of the rapid evolution of globalization and e-commerce, leading to notable shifts in business models, technology applications, and service quality. This paper aims to delve into the differences in business investment value between traditional logistics companies and new logistics companies, while also exploring the impact of these disparities on enterprise competitiveness and future development. And as a goal to provide some high-quality suggestions to the new enterprises currently in development and the traditional enterprises in transformation, to promote the upgrading and development of the logistics industry. To achieve this objective, the study utilizes two primary research methodologies: case analysis and comparative analysis., By conducting a comparative analysis of the financial development and service advantages and disadvantages of two representative traditional logistics companies, FedEX and Amazon logistics, as well as modern logistics companies, this study aims to clarify the significance of digital transformation in the development of traditional logistics enterprises. Furthermore, it provides optimization suggestions for digital logistics transportation information security and other risks, ultimately contributing to the high-quality development of logistics enterprises.

Investment Advice of Dialysis Companies: Whats the Trend of the Industry?

The global dialysis market is continuing expanding in the recent years and dialysis industry has expected investment prospects. This study presents a comprehensive investment analysis framework comparing four top companies in the kidney care and dialysis service industry. This article aims help investor choose the most suitable company among them with the highest investment value to invest in. The study uses official financial data from Nasdaq from 2023 and forecast data from estimates of 2024 of 4 dialysis companies on the waiting list. By analyzing and comparing the financial statements of four companies, the asset investment potential and growth rate of the four companies were determined. Results demonstrate that the company DaVita rank as the most appealing investment option out of four companies, followed by Medtronic, Baxter and Fresenius. Based on financial statements, DaVita is attractive with highest expected growth rates in EPS and gross revenue, PEG ratio, and relatively high annual and quarterly gross margin.