{
    "id": "VAL-026",
    "category": "VAL",
    "title": "剩餘收益估值",
    "question": "公司未來 ROE 超過股權成本多少才能支持市帳率？",
    "chart": "multi",
    "metric": "剩餘收益每股價值（報價貨幣 / 股）",
    "secondary": "ROE 減股權成本（百分點）",
    "x": "價值來源",
    "y": "報價貨幣 / 股",
    "panels": [
        "超額收益預測",
        "帳面與剩餘收益",
        "ROE 假設"
    ],
    "filters": [
        "股票 / 同業池",
        "估值日期",
        "倍數 / 假設情境"
    ],
    "apis": [
        "FUND",
        "USER"
    ],
    "calculation": "價值 = 目前普通股帳面價值 + USER 預測各年（ROE − 股權成本）× 期初帳面權益的折現和及明確終值。",
    "caveat": "需要 USER 假設及乾淨盈餘核對；負權益、重大 OCI 或回購扭曲需停算或人工調整。；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": "專業",
    "reach": 5,
    "frequency": 5,
    "decision": 8,
    "clarity": 7,
    "sample_labels": [
        "目前帳面",
        "年1超額收益",
        "年2超額收益",
        "年3超額收益",
        "終值"
    ],
    "cadence": "使用者修改持倉、核銷或情境時重算；新財報入庫後重算；每週檢查資料修訂",
    "category_name": "估值",
    "score": 59.5,
    "requires_user_input": true,
    "requires_extra_plan": false,
    "source_urls": [
        "https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds"
    ],
    "rank": 806,
    "stage": "P4",
    "svg_file": "mockups/0806-VAL-026.svg",
    "demo_fingerprint": "f91aca672c061132",
    "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
        }
    }
}