{
    "id": "VAL-038",
    "category": "VAL",
    "title": "虧損企業的毛利估值",
    "question": "尚未盈利的公司，其實際產生的毛利值多少市場價格？",
    "chart": "multi",
    "metric": "EV / 毛利（倍）",
    "secondary": "毛利率 / OCF（% / 百萬）",
    "x": "估值及損益層級",
    "y": "倍數 / 金額",
    "panels": [
        "EV/毛利",
        "毛利至營業盈虧",
        "現金消耗"
    ],
    "filters": [
        "股票 / 同業池",
        "估值日期",
        "倍數 / 假設情境"
    ],
    "apis": [
        "FUND"
    ],
    "calculation": "最新 EnterpriseValue / 完整 TTM grossProfit；並列毛利率及 OCF，正毛利才計倍數。",
    "caveat": "EV/毛利是自算輔助指標，忽略營業費用與再投資；不可與 EV/EBITDA 混比。；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": 7,
    "frequency": 7,
    "decision": 8,
    "clarity": 8,
    "sample_labels": [
        "營收",
        "毛利",
        "營業盈虧",
        "經營現金流"
    ],
    "cadence": "新財報入庫後重算；每週檢查資料修訂",
    "category_name": "估值",
    "score": 73.5,
    "requires_user_input": false,
    "requires_extra_plan": false,
    "source_urls": [
        "https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds"
    ],
    "rank": 512,
    "stage": "P3",
    "svg_file": "mockups/0512-VAL-038.svg",
    "demo_fingerprint": "8ab678b186bb6508",
    "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
        }
    }
}