Among various indicators of fundamental analysis, net assets per share is one of the most important reference indicators to judge the intrinsic value of enterprises.
The company's net assets represent the company's own property and shareholders' rights and interests in the company. So it is also called shareholders' equity. In accounting calculation, it is equivalent to the balance of total assets MINUS all debts in the balance sheet. The net assets of the company are divided by the total issued share capital to get the net assets per share. For example, the listed company's net assets are1500 million yuan, its total share capital is1000 million shares, and its net asset value per share is 1.5 yuan (that is,1500 million yuan/1000 million shares).
The net asset value per share reflects the net asset value of the company represented by each share and is an important basis for supporting the stock market price. The greater the net asset value per share, the stronger the wealth represented by each share, and the stronger the ability to create profits and resist the influence of external factors. Return on net assets is the percentage rate obtained by dividing the company's after-tax profit by the owner's equity, which is used to measure the efficiency of the company in using its own capital. Take the above company as an example, its after-tax profit is 200 million yuan, its net assets are 65.438+0.5 billion yuan, and its return on net assets is 654.38+03.33%. The higher the rate of return on net assets, the more benefits shareholders get from the unit capital invested. 13.33% The previous example shows that each shareholder