Optimal Analysis of Valuation of Petrochemical Stock in the Capital Market by Total Interpretive Structural Model

With the growth of analytical level in financial decisions, valuation of cost-effective stocks is considered as one of the functions of analyzing the returns and risks of financial investment, which balances the behavioral effect of investment and analytical processes in the market. And it makes the gap between current values and corporate stock market values as a signal in financial decisions to increase returns and control risk in investors decisions. The purpose of this study is to level the optimal analytical topics for evaluating the cost of petrochemical stock in the capital market. In this study, which was synthetic and inductive-deductive in terms of data collection method, 12 accounting and financial management specialists at the university level participated as panel members in the quality department. In fact, in the qualitative part, which used meta-synthesis and Delphi analysis, the aim was to identify the optimal analytical themes for the valuation of cost-effective stocks and then, in a small section with the participation of 16 petrochemical brokers, to classify the identified statements in the form of a total interpretive structural modelling based on impact priority. Therefore, relying on meta-synthesis analysis, 12 studies were first evaluated as the basis for evaluation to determine the optimal analytical themes of cost-based stock valuation based on critical evaluation, based on which 11 themes were selected propositions and entered into Delphi analysis to determine theoretical adequacy. In this stage, 3 propositions were removed during the two stages of Delphi analysis and a total of 8 analytical propositions of stock valuation were economically entered into the quantitative analysis section, ie total interpretive structural analysis. In this section, the results show the most influential analytical themes of cost-effective stock valuation in the petrochemical industry, two statements of normal stock market price analysis based on the current rated price of K2 and a focus on the net asset value is K3 , which is at the fourth level of this model. In fact, the results show that petrochemical companies as one of the most important industries in the capital market will be able to focus on the difference between real value and stock market value on the one hand and the difference between the value of assets and corporate debt on the other hand to reduce financial constraints due to confidence in the capital market, to provide the financial resources needed to advance its investment plans and projects, even in an unstable economy and encourage more investors to invest in petrochemical stocks by continuing to increase their stock market value.