{
    "id": "VAL-015",
    "category": "VAL",
    "title": "經營現金流估值",
    "question": "會計盈利較不穩定時，市場如何定價經營現金產出？",
    "chart": "multi",
    "metric": "P / OCF（倍）",
    "secondary": "資本開支 / OCF（%）",
    "x": "估值與投資",
    "y": "倍數（倍）",
    "panels": [
        "P/OCF",
        "資本開支負擔",
        "OCF 穩定性"
    ],
    "filters": [
        "股票 / 同業池",
        "估值日期",
        "倍數 / 假設情境"
    ],
    "apis": [
        "FUND",
        "FX"
    ],
    "calculation": "最新市值除以完整 TTM OCF，並列資本開支佔 OCF，避免只看未扣投資的倍數。",
    "caveat": "OCF 小於等於零不呈常規倍數；季節性營運資金使 OCF 短期失真。；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。 跨貨幣計算前確認市值與財報分母的幣種；若需換算，使用明示日期與FX基準。",
    "data_class": "衍生",
    "complexity": "中",
    "audience": "進階",
    "reach": 7,
    "frequency": 6,
    "decision": 8,
    "clarity": 8,
    "sample_labels": [
        "市值",
        "OCF",
        "資本開支",
        "FCF"
    ],
    "cadence": "新財報入庫後重算；每週檢查資料修訂",
    "category_name": "估值",
    "score": 70.5,
    "requires_user_input": false,
    "requires_extra_plan": false,
    "source_urls": [
        "https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds",
        "https://eodhd.com/financial-apis/list-supported-forex-currencies"
    ],
    "rank": 591,
    "stage": "P3",
    "svg_file": "mockups/0591-VAL-015.svg",
    "demo_fingerprint": "6ab0e08cf565f334",
    "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
        }
    }
}