{
    "id": "VAL-007",
    "category": "VAL",
    "title": "企業價值與 EBITDA 倍數",
    "question": "考慮債務後，企業現金盈利的估值是否合理？",
    "chart": "multi",
    "metric": "EV / EBITDA（倍）",
    "secondary": "淨債務 / EBITDA（倍）",
    "x": "估值與資本結構",
    "y": "倍數（倍）",
    "panels": [
        "EV/EBITDA 卡片",
        "債務與現金",
        "EBITDA 至 FCF"
    ],
    "filters": [
        "股票 / 同業池",
        "估值日期",
        "倍數 / 假設情境"
    ],
    "apis": [
        "FUND"
    ],
    "calculation": "以最新 EnterpriseValue 及對應 TTM EBITDA 計倍數，並核對 Valuation.EnterpriseValueEbitda；資本結構作副圖。",
    "caveat": "EBITDA 不等於自由現金流；金融企業及負 EBITDA 不適用常規比較。；預覽數值全為合成示例，非即時行情。非美股及港股欄位、歷史深度按股票實際覆蓋。",
    "data_class": "衍生",
    "complexity": "中",
    "audience": "進階",
    "reach": 9,
    "frequency": 8,
    "decision": 10,
    "clarity": 9,
    "sample_labels": [
        "企業價值",
        "EBITDA",
        "淨債務",
        "自由現金流"
    ],
    "cadence": "新財報入庫後重算；每週檢查資料修訂",
    "category_name": "估值",
    "score": 89.5,
    "requires_user_input": false,
    "requires_extra_plan": false,
    "source_urls": [
        "https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds"
    ],
    "rank": 120,
    "stage": "P1",
    "svg_file": "mockups/0120-VAL-007.svg",
    "demo_fingerprint": "e8ad8b76565cbcd1",
    "collection": "catalogue",
    "sample_annotation": {
        "sample": true,
        "as_of": "2026-10-16",
        "notice": "Charts and tables for this report are generated, deterministic synthetic sample observations for educational layout and unit demonstration only. No provider, market data or analysis engine is called, and nothing here is a statement about real securities.",
        "notice_zh": "此報告的圖表與數據為確定性生成的合成示例數據，僅供教育及版面展示；並無連接任何資料供應商或實際分析引擎，不代表任何真實證券的表現。",
        "default_filters": {
            "symbol": "0700.HK",
            "period": "1Y",
            "benchmark": "HSI"
        },
        "filters": {
            "symbol": [
                "0700.HK",
                "0005.HK",
                "AAPL.US",
                "MSFT.US",
                "SPY.US",
                "BTC-USD.CC"
            ],
            "period": [
                "1Y",
                "3Y",
                "5Y"
            ],
            "benchmark": [
                "HSI",
                "SPX",
                "BTC"
            ]
        },
        "library": {
            "version": "2026-10-19",
            "source": "https://chatgpt.com/share/6ad67223-c610-83e8-adb2-33aaf792e584",
            "sample": true
        }
    }
}