We all know that F10 information contains the main information about the company, and the intrinsic value of the company determines the long-term price trend of a stock, so we must learn to judge the quality of a stock through F10 information.
First, look at financial indicators.
Financial indicators represent the development status of the enterprise and reflect the intrinsic value of the enterprise. Therefore, financial indicators are information that long-term value investors must understand.
1. Net profit growth rate
A good stock's net profit growth rate should continue to maintain a stable level above 10%, and a great stock's net profit growth rate should continue to maintain a stable level above 20%.
2. Total operating income growth rate
A good stock's total operating income growth rate should continue to maintain a stable increase of more than 5%, and the growth rate of an excellent stock's total operating income should continue to maintain a stable increase of more than 10%.
3. ROE
A good stock's return on equity should continue to maintain a stable rate of more than 15%, and an excellent stock's return on equity should continue to maintain a stable rate of more than 25%.
4. Net profit margin
The net profit margin of a better stock should be kept stable at above 15%, and the net profit margin of an excellent stock should be kept stable at above 25%.
Second, look at cash flow .
Cash flow represents the business situation of the enterprise. Only when the cash flow is sufficient can the enterprise operate smoothly.
1. Net profit cash content
A good stock's net profit cash content should be maintained above 90%, and a great stock's net profit cash content should be maintained above 120%.
2. The situation of enterprises occupying upstream and downstream industries.
A better stock should occupy upstream and downstream funds free of charge, that is, receivable + advance payment should be much smaller than payable + advance payment.
3.Cash flow Net increase
A better stock net increase should remain positive every year.
Third, look at the main business
The main business is the foundation of the enterprise, and the main business can reflect the intrinsic value of the enterprise.
1. Main business development prospects
A better stock should have a lot of room for growth in the main business.
2. Main business accounts for
A better stock should have a high business concentration, and the main business accounts for more than 90%.
3. Main business gross profit margin
A better stock's main business gross profit margin should exceed 40%.
Fourth, look at the changes in shareholding.
The changes in shareholders' shareholdings represent the market's expectations for the company's medium- and short-term development.
1. Changes in the number of shareholders
Generally, when the intrinsic value of the stock is far higher than the stock price, major shareholders, institutions and other large funds will buy, and the number of shareholders will decrease;
2. Institutional holdings Changes in the number of
Generally, when institutions are optimistic about the future performance of this stock, the number of entrusted shares should increase.
3. Changes in fund holdings
Generally speaking, when the fund manager is optimistic about the future performance of this stock, the fund manager will increase his holdings and the number of fund holdings will increase.
4. Changes in executive holdings
Generally speaking, when executives increase their holdings of their own stocks, it means that the management is optimistic about the future development of the company; on the contrary, when executives reduce their holdings of their own stocks, it means that the management is not optimistic about the future development of the company or feels that their stock price is overvalued.
5. Changes in the shareholding of the top ten shareholders
Generally speaking, when the number of shareholdings of the top ten shareholders decreases, it means that the top ten shareholders believe that the stock price has been overvalued and they have reduced their holdings one after another.
6. Changes in broker rating
Broker ratings are buy, increase, neutral, reduce, and sell. We generally can only see buy and increase. Therefore, when the broker rating is adjusted from buy to increase, it means that the broker is not optimistic about the future of the stock.
Of course, the above F10 information can only roughly judge the quality of a stock, and can be used as a tool to screen stocks. If you want to have a full understanding of the stock, you need to understand the complex situations such as business model, industry conditions, and corporate conditions. However, in general, the above F10 information is enough to prevent lightning. If the above F10 information meets the buying conditions, then you only need to wait for the stock price to buy when the valuation is low and hold it for a long time.
Warm reminder: F10 information cannot be used as the basis for short-term operations, and short-term fluctuations in stock prices mainly depend on market sentiment, not corporate fundamentals.
or above content is for reference only and does not constitute an investment basis! ! !
