{
    "id": "VAL-022",
    "category": "VAL",
    "title": "現金流折現估值模型",
    "question": "在自己設定的成長及折現率下，企業價值是多少？",
    "chart": "multi",
    "metric": "DCF 每股情境價值（報價貨幣 / 股）",
    "secondary": "安全邊際（%）",
    "x": "預測年度",
    "y": "FCFF / 股價",
    "panels": [
        "逐年 FCFF",
        "企業至股權價值",
        "假設與安全邊際"
    ],
    "filters": [
        "股票 / 同業池",
        "估值日期",
        "倍數 / 假設情境"
    ],
    "apis": [
        "FUND",
        "EOD",
        "USER"
    ],
    "calculation": "以財報為起點，USER 輸入逐年 EBIT、現金稅率、D&A、capex、營運資金及 WACC；FCFF 折現加終值，扣淨債務後除已確認股數。",
    "caveat": "API 不提供完整可靠 DCF 假設；所有預測及折現率均是人工情境，永續增長須低於 WACC。；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": "用戶資料",
    "complexity": "高",
    "audience": "進階",
    "reach": 9,
    "frequency": 7,
    "decision": 10,
    "clarity": 8,
    "sample_labels": [
        "預測年1",
        "預測年2",
        "預測年3",
        "預測年4",
        "預測年5",
        "終值"
    ],
    "cadence": "使用者修改持倉、核銷或情境時重算；收市後更新價格；新財報入庫後重算",
    "category_name": "估值",
    "score": 85.5,
    "requires_user_input": true,
    "requires_extra_plan": false,
    "source_urls": [
        "https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds",
        "https://eodhd.com/financial-apis/api-for-historical-data-and-volumes"
    ],
    "rank": 197,
    "stage": "P1",
    "svg_file": "mockups/0197-VAL-022.svg",
    "demo_fingerprint": "0ed74d258dcbf0e9",
    "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
        }
    }
}