{
    "id": "VAL-025",
    "category": "VAL",
    "title": "股息折現估值",
    "question": "預期可持續派息是否能支持目前股價？",
    "chart": "multi",
    "metric": "股息折現價值（報價貨幣 / 股）",
    "secondary": "所需股權報酬率（%）",
    "x": "預測年度",
    "y": "每股股息 / 價值",
    "panels": [
        "每股股息預測",
        "折現貢獻",
        "股權成本敏感度"
    ],
    "filters": [
        "股票 / 同業池",
        "估值日期",
        "倍數 / 假設情境"
    ],
    "apis": [
        "DIV",
        "FUND",
        "USER"
    ],
    "calculation": "由實際股息起點，加 USER 輸入逐年股息、股權成本與終值增長，折現每股派息；明列未來派息假設。",
    "caveat": "只適用有可合理預測股息的公司；永續增長低於股權成本，稅前/稅後不可混用。；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": 7,
    "frequency": 6,
    "decision": 9,
    "clarity": 8,
    "sample_labels": [
        "年1股息",
        "年2股息",
        "年3股息",
        "年4股息",
        "年5股息",
        "終值"
    ],
    "cadence": "使用者修改持倉、核銷或情境時重算；每日更新已公告事件；有新增派息時重算",
    "category_name": "估值",
    "score": 73.0,
    "requires_user_input": true,
    "requires_extra_plan": false,
    "source_urls": [
        "https://eodhd.com/financial-apis/api-splits-dividends",
        "https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds"
    ],
    "rank": 534,
    "stage": "P3",
    "svg_file": "mockups/0534-VAL-025.svg",
    "demo_fingerprint": "4273d2b3f69c50b7",
    "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
        }
    }
}