<h3>关键洞察</h3>
<ul>
<li>IMV 的估计公允价值为 1,578 日元，基于两阶段自由现金流折现模型</li>
<li>IMV 的 1,622 日元股价表明其交易水平与公允价值估计相似</li>
<li>与行业平均折扣-21% 相比，IMV 的竞争对手似乎以更高的溢价交易</li>
</ul>
<p>IMV Corporation（TSE:7760）3 月份的股价是否反映了其真实价值？今天，我们将通过预测其未来现金流并将其折现到今天的价值来估算该股票的内在价值。这次我们将使用折现现金流（DCF）模型。在你认为自己无法理解之前，请继续阅读！实际上，这比你想象的要简单得多。</p>
<p>不过请记住，估算公司价值的方法有很多，DCF 只是其中一种。对于那些热衷于学习股票分析的人来说，Simply Wall St 的分析模型可能会引起你的兴趣。</p>
<p>查看我们对 IMV 的最新分析</p>
<h2>IMV 是否被合理定价？</h2>
<p>我们将使用两阶段 DCF 模型，顾名思义，它考虑了两个阶段的增长。第一阶段通常是一个较高的增长期，随后趋于稳定，进入第二个 “稳定增长” 阶段。首先，我们需要估算未来十年的现金流。由于没有分析师的自由现金流（FCF）估算可供我们参考，我们将从公司最后报告的数值中推算出之前的自由现金流。我们假设自由现金流减少的公司会减缓其缩减速度，而自由现金流增长的公司在此期间会看到其增长速度放缓。我们这样做是为了反映出早期的增长往往比后期的增长放缓得更快。</p>
<p>通常我们假设今天的一美元比未来的一美元更有价值，因此我们需要将这些未来现金流的总和折现，以得出现值估算：</p>
<h4>10 年自由现金流（FCF）预测</h4>
<table>
<thead>
<tr>
<th></th>
<th></th>
<th></th>
<th></th>
<th></th>
<th></th>
<th></th>
<th></th>
<th></th>
<th></th>
<th></th>
</tr>
</thead>
<tbody>
<tr>
<td></td>
<td><strong>2025</strong></td>
<td><strong>2026</strong></td>
<td><strong>2027</strong></td>
<td><strong>2028</strong></td>
<td><strong>2029</strong></td>
<td><strong>2030</strong></td>
<td><strong>2031</strong></td>
<td><strong>2032</strong></td>
<td><strong>2033</strong></td>
<td><strong>2034</strong></td>
</tr>
<tr>
<td><strong>杠杆自由现金流（¥，百万）</strong></td>
<td>13.9 亿日元</td>
<td>14.4 亿日元</td>
<td>14.8 亿日元</td>
<td>15.1 亿日元</td>
<td>15.3 亿日元</td>
<td>15.5 亿日元</td>
<td>15.7 亿日元</td>
<td>15.8 亿日元</td>
<td>15.9 亿日元</td>
<td>16.0 亿日元</td>
</tr>
<tr>
<td><strong>增长率估算来源</strong></td>
<td>估算 @5.06%</td>
<td>估算 @3.65%</td>
<td>估算 @2.67%</td>
<td>估算 @1.98%</td>
<td>估算 @1.50%</td>
<td>估算 @1.16%</td>
<td>估算 @0.92%</td>
<td>估算 @0.76%</td>
<td>估算 @0.64%</td>
<td>估算 @0.56%</td>
</tr>
<tr>
<td><strong>现值（¥，百万）按 6.4% 折现</strong></td>
<td>13 亿日元</td>
<td>13 亿日元</td>
<td>12 亿日元</td>
<td>12 亿日元</td>
<td>11 亿日元</td>
<td>11 亿日元</td>
<td>10 亿日元</td>
<td>9.58 亿日元</td>
<td>9.06 亿日元</td>
<td>8.56 亿日元</td>
</tr>
</tbody>
</table>
<p><em>(&#34;Est&#34; = FCF 增长率由 Simply Wall St 估算)</em></p>
<p><strong>10 年现金流现值（PVCF）</strong> = 110 亿日元</p>
<p>第二阶段也称为终值，这是业务在第一阶段后的现金流。使用戈登增长公式计算终值，未来年增长率等于 10 年期政府债券收益率的 5 年平均值 0.4%。我们以 6.4% 的股本成本将终端现金流折现到今天的价值。</p>
<p><strong>终值（TV）</strong> = FCF2034 × (1 + g) ÷ (r – g) = 16 亿日元× (1 + 0.4%) ÷ (6.4%– 0.4%) = 260 亿日元</p>
<p><strong>终值现值（PVTV）</strong> = TV / (1 + r) 10= 260 亿日元÷ ( 1 + 6.4%) 10= 140 亿日元</p>
<p>总价值或股权价值是未来现金流现值的总和，在这种情况下为 250 亿日元。最后一步是将股权价值除以流通在外的股份数。与当前股价 1,600 日元相比，该公司在撰写时似乎大致处于公允价值。请记住，这只是一个近似估值，像任何复杂的公式一样——输入垃圾，输出垃圾。</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/22744680-dcf-1-dark/1741390498020?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/22744680-dcf-1-dark/1741390498020"/></p>
<p>TSE:7760 折现现金流 2025 年 3 月 7 日</p>
<h2>假设</h2>
<p>我们要指出，折现现金流中最重要的输入是折现率和实际现金流。如果你不同意这些结果，可以自己尝试计算并调整假设。DCF 模型也没有考虑行业的周期性或公司的未来资本需求，因此它并不能全面反映公司的潜在表现。考虑到我们将 IMV 视为潜在股东，使用股本成本作为折现率，而不是资本成本（或加权平均资本成本，WACC），后者考虑了债务。在此计算中，我们使用了 6.4%，这是基于 1.149 的杠杆贝塔。贝塔是衡量股票相对于整体市场波动性的指标。我们从全球可比公司的行业平均贝塔中获得我们的贝塔，并设定在 0.8 到 2.0 之间的限制，这是一个稳定企业的合理范围。</p>
<h3>IMV 的 SWOT 分析</h3>
<p><strong>优势</strong></p>
<ul>
<li>过去一年的收益增长超过了行业水平。</li>
</ul>
<ul>
<li>债务不被视为风险。</li>
</ul>
<ul>
<li>股息由收益和现金流覆盖。</li>
</ul>
<p>7760 的股息信息。</p>
<p><strong>劣势</strong></p>
<ul>
<li>过去一年的收益增长低于其 5 年平均水平。</li>
</ul>
<ul>
<li>与电子市场前 25% 的股息支付者相比，股息较低。</li>
</ul>
<ul>
<li>基于市盈率和估计公允价值，价格昂贵。</li>
</ul>
<p>分析师对 7760 的预测是什么？</p>
<p><strong>机会</strong></p>
<ul>
<li>年收入预计将比日本市场增长更快。</li>
</ul>
<p><strong>威胁</strong></p>
<ul>
<li>7760 没有明显的威胁。</li>
</ul>
<h2>展望未来：</h2>
<p>估值只是构建投资论点的一方面，它不应该是你在研究一家公司时唯一关注的指标。现金流折现模型并不是投资估值的唯一标准。最好是应用不同的情景和假设，看看它们如何影响公司的估值。例如，公司的股本成本或无风险利率的变化可能会显著影响估值。对于 IMV，有三个关键项目你应该进一步研究：</p>
<ol>
<li><strong>风险</strong>：在考虑投资该公司之前，你应该了解我们发现的 <strong>IMV 的一个警告信号</strong>。</li>
<li><strong>未来收益</strong>：7760 的增长率与其同行和更广泛市场相比如何？通过与我们的免费分析师增长预期图表互动，深入挖掘未来几年的分析师共识数字。</li>
<li><strong>其他稳健的业务</strong>：低负债、高股本回报和良好的过往表现是强大业务的基础。为什么不探索我们互动式的稳健业务基本面股票列表，看看是否还有其他你可能未考虑的公司！</li>
</ol>
<p>附注：Simply Wall St 每天都会更新每只日本股票的现金流折现计算，因此如果你想找到其他任何股票的内在价值，只需在这里搜索。</p>
<p>如果你想交易 IMV，请在专业人士信赖的最低成本平台 Interactive Brokers 开设账户。</p>
<p>IBKR 在超过 200 个国家和地区拥有客户，并可访问 160 个市场，让你可以通过一个集成账户交易股票、期权、期货、外汇、债券和基金。</p>
<p>享受无隐藏费用、无账户最低限额，以及低至 0.03% 的外汇转换率，远远优于大多数经纪商提供的服务。</p>
<p>赞助内容</p>

7760

<p>IMV Corporation（东京证券交易所代码：7760）的估计公允价值为 1,578 日元，目前股价为 1,622 日元，表明其交易接近公允价值。使用了两阶段折现现金流（DCF）模型来预测未来现金流，得出的总股权价值为 250 亿日元。分析表明 IMV 的估值合理，但强调 DCF 仅是估值的一种方法，并未考虑行业周期性或未来资本需求</p>

<h3>Key Insights</h3>
<div class="lb-trans"><h3>关键洞察</h3>
</div><ul>
<li>IMV's estimated fair value is JP¥1,578 based on 2 Stage Free Cash Flow to Equity</li>
<li>IMV's JP¥1,622 share price indicates it is trading at similar levels as its fair value estimate</li>
<li>When compared to theindustry average discount of -21%, IMV's competitors seem to be trading at a greater premium to fair value</li>
</ul>
<div class="lb-trans"><ul>
<li>IMV 的估计公允价值为 1,578 日元，基于两阶段自由现金流折现模型</li>
<li>IMV 的 1,622 日元股价表明其交易水平与公允价值估计相似</li>
<li>与行业平均折扣-21% 相比，IMV 的竞争对手似乎以更高的溢价交易</li>
</ul>
</div><p>Does the March share price for IMV Corporation (TSE:7760) reflect what it's really worth? Today, we will estimate the stock's intrinsic value by projecting its future cash flows and then discounting them to today's value. We will use the Discounted Cash Flow (DCF) model on this occasion. Before you think you won't be able to understand it, just read on! It's actually much less complex than you'd imagine.</p>
<div class="lb-trans"><p>IMV Corporation（TSE:7760）3 月份的股价是否反映了其真实价值？今天，我们将通过预测其未来现金流并将其折现到今天的价值来估算该股票的内在价值。这次我们将使用折现现金流（DCF）模型。在你认为自己无法理解之前，请继续阅读！实际上，这比你想象的要简单得多。</p>
</div><p>Remember though, that there are many ways to estimate a company's value, and a DCF is just one method. For those who are keen learners of equity analysis, the Simply Wall St analysis model here may be something of interest to you.</p>
<div class="lb-trans"><p>不过请记住，估算公司价值的方法有很多，DCF 只是其中一种。对于那些热衷于学习股票分析的人来说，Simply Wall St 的分析模型可能会引起你的兴趣。</p>
</div><p>Check out our latest analysis for IMV</p>
<div class="lb-trans"><p>查看我们对 IMV 的最新分析</p>
</div><h2>Is IMV Fairly Valued?</h2>
<div class="lb-trans"><h2>IMV 是否被合理定价？</h2>
</div><p>We are going to use a two-stage DCF model, which, as the name states, takes into account two stages of growth. The first stage is generally a higher growth period which levels off heading towards the terminal value, captured in the second 'steady growth' period. To start off with, we need to estimate the next ten years of cash flows. Seeing as no analyst estimates of free cash flow are available to us, we have extrapolate the previous free cash flow (FCF) from the company's last reported value. We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. We do this to reflect that growth tends to slow more in the early years than it does in later years.</p>
<div class="lb-trans"><p>我们将使用两阶段 DCF 模型，顾名思义，它考虑了两个阶段的增长。第一阶段通常是一个较高的增长期，随后趋于稳定，进入第二个 “稳定增长” 阶段。首先，我们需要估算未来十年的现金流。由于没有分析师的自由现金流（FCF）估算可供我们参考，我们将从公司最后报告的数值中推算出之前的自由现金流。我们假设自由现金流减少的公司会减缓其缩减速度，而自由现金流增长的公司在此期间会看到其增长速度放缓。我们这样做是为了反映出早期的增长往往比后期的增长放缓得更快。</p>
</div><p>Generally we assume that a dollar today is more valuable than a dollar in the future, so we need to discount the sum of these future cash flows to arrive at a present value estimate:</p>
<div class="lb-trans"><p>通常我们假设今天的一美元比未来的一美元更有价值，因此我们需要将这些未来现金流的总和折现，以得出现值估算：</p>
</div><h4>10-year free cash flow (FCF) forecast</h4>
<div class="lb-trans"><h4>10 年自由现金流（FCF）预测</h4>
</div><table>
<thead>
<tr>
<th></th>
<th></th>
<th></th>
<th></th>
<th></th>
<th></th>
<th></th>
<th></th>
<th></th>
<th></th>
<th></th>
</tr>
</thead>
<tbody>
<tr>
<td></td>
<td><strong>2025</strong></td>
<td><strong>2026</strong></td>
<td><strong>2027</strong></td>
<td><strong>2028</strong></td>
<td><strong>2029</strong></td>
<td><strong>2030</strong></td>
<td><strong>2031</strong></td>
<td><strong>2032</strong></td>
<td><strong>2033</strong></td>
<td><strong>2034</strong></td>
</tr>
<tr>
<td><strong>Levered FCF (¥, Millions)</strong></td>
<td>JP¥1.39b</td>
<td>JP¥1.44b</td>
<td>JP¥1.48b</td>
<td>JP¥1.51b</td>
<td>JP¥1.53b</td>
<td>JP¥1.55b</td>
<td>JP¥1.57b</td>
<td>JP¥1.58b</td>
<td>JP¥1.59b</td>
<td>JP¥1.60b</td>
</tr>
<tr>
<td><strong>Growth Rate Estimate Source</strong></td>
<td>Est @ 5.06%</td>
<td>Est @ 3.65%</td>
<td>Est @ 2.67%</td>
<td>Est @ 1.98%</td>
<td>Est @ 1.50%</td>
<td>Est @ 1.16%</td>
<td>Est @ 0.92%</td>
<td>Est @ 0.76%</td>
<td>Est @ 0.64%</td>
<td>Est @ 0.56%</td>
</tr>
<tr>
<td><strong>Present Value (¥, Millions) Discounted @ 6.4%</strong></td>
<td>JP¥1.3k</td>
<td>JP¥1.3k</td>
<td>JP¥1.2k</td>
<td>JP¥1.2k</td>
<td>JP¥1.1k</td>
<td>JP¥1.1k</td>
<td>JP¥1.0k</td>
<td>JP¥958</td>
<td>JP¥906</td>
<td>JP¥856</td>
</tr>
</tbody>
</table>
<div class="lb-trans"><table>
<thead>
<tr>
<th></th>
<th></th>
<th></th>
<th></th>
<th></th>
<th></th>
<th></th>
<th></th>
<th></th>
<th></th>
<th></th>
</tr>
</thead>
<tbody>
<tr>
<td></td>
<td><strong>2025</strong></td>
<td><strong>2026</strong></td>
<td><strong>2027</strong></td>
<td><strong>2028</strong></td>
<td><strong>2029</strong></td>
<td><strong>2030</strong></td>
<td><strong>2031</strong></td>
<td><strong>2032</strong></td>
<td><strong>2033</strong></td>
<td><strong>2034</strong></td>
</tr>
<tr>
<td><strong>杠杆自由现金流（¥，百万）</strong></td>
<td>13.9 亿日元</td>
<td>14.4 亿日元</td>
<td>14.8 亿日元</td>
<td>15.1 亿日元</td>
<td>15.3 亿日元</td>
<td>15.5 亿日元</td>
<td>15.7 亿日元</td>
<td>15.8 亿日元</td>
<td>15.9 亿日元</td>
<td>16.0 亿日元</td>
</tr>
<tr>
<td><strong>增长率估算来源</strong></td>
<td>估算 @5.06%</td>
<td>估算 @3.65%</td>
<td>估算 @2.67%</td>
<td>估算 @1.98%</td>
<td>估算 @1.50%</td>
<td>估算 @1.16%</td>
<td>估算 @0.92%</td>
<td>估算 @0.76%</td>
<td>估算 @0.64%</td>
<td>估算 @0.56%</td>
</tr>
<tr>
<td><strong>现值（¥，百万）按 6.4% 折现</strong></td>
<td>13 亿日元</td>
<td>13 亿日元</td>
<td>12 亿日元</td>
<td>12 亿日元</td>
<td>11 亿日元</td>
<td>11 亿日元</td>
<td>10 亿日元</td>
<td>9.58 亿日元</td>
<td>9.06 亿日元</td>
<td>8.56 亿日元</td>
</tr>
</tbody>
</table>
</div><p><em>(&#34;Est&#34; = FCF growth rate estimated by Simply Wall St)</em></p>
<div class="lb-trans"><p><em>(&#34;Est&#34; = FCF 增长率由 Simply Wall St 估算)</em></p>
</div><p><strong>Present Value of 10-year Cash Flow (PVCF)</strong> = JP¥11b</p>
<div class="lb-trans"><p><strong>10 年现金流现值（PVCF）</strong> = 110 亿日元</p>
</div><p>The second stage is also known as Terminal Value, this is the business's cash flow after the first stage. The Gordon Growth formula is used to calculate Terminal Value at a future annual growth rate equal to the 5-year average of the 10-year government bond yield of 0.4%. We discount the terminal cash flows to today's value at a cost of equity of 6.4%.</p>
<div class="lb-trans"><p>第二阶段也称为终值，这是业务在第一阶段后的现金流。使用戈登增长公式计算终值，未来年增长率等于 10 年期政府债券收益率的 5 年平均值 0.4%。我们以 6.4% 的股本成本将终端现金流折现到今天的价值。</p>
</div><p><strong>Terminal Value (TV)</strong> = FCF2034 × (1 + g) ÷ (r – g) = JP¥1.6b× (1 + 0.4%) ÷ (6.4%– 0.4%) = JP¥26b</p>
<div class="lb-trans"><p><strong>终值（TV）</strong> = FCF2034 × (1 + g) ÷ (r – g) = 16 亿日元× (1 + 0.4%) ÷ (6.4%– 0.4%) = 260 亿日元</p>
</div><p><strong>Present Value of Terminal Value (PVTV)</strong> = TV / (1 + r) 10= JP¥26b÷ ( 1 + 6.4%) 10= JP¥14b</p>
<div class="lb-trans"><p><strong>终值现值（PVTV）</strong> = TV / (1 + r) 10= 260 亿日元÷ ( 1 + 6.4%) 10= 140 亿日元</p>
</div><p>The total value, or equity value, is then the sum of the present value of the future cash flows, which in this case is JP¥25b. The last step is to then divide the equity value by the number of shares outstanding. Compared to the current share price of JP¥1.6k, the company appears around fair value at the time of writing. Remember though, that this is just an approximate valuation, and like any complex formula - garbage in, garbage out.</p>
<div class="lb-trans"><p>总价值或股权价值是未来现金流现值的总和，在这种情况下为 250 亿日元。最后一步是将股权价值除以流通在外的股份数。与当前股价 1,600 日元相比，该公司在撰写时似乎大致处于公允价值。请记住，这只是一个近似估值，像任何复杂的公式一样——输入垃圾，输出垃圾。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/22744680-dcf-1-dark/1741390498020" alt="" original-src="https://images.simplywall.st/asset/chart/22744680-dcf-1-dark/1741390498020"/></p>
<p>TSE:7760 Discounted Cash Flow March 7th 2025</p>
<div class="lb-trans"><p>TSE:7760 折现现金流 2025 年 3 月 7 日</p>
</div><h2>The Assumptions</h2>
<div class="lb-trans"><h2>假设</h2>
</div><p>We would point out that the most important inputs to a discounted cash flow are the discount rate and of course the actual cash flows. If you don't agree with these result, have a go at the calculation yourself and play with the assumptions. The DCF also does not consider the possible cyclicality of an industry, or a company's future capital requirements, so it does not give a full picture of a company's potential performance. Given that we are looking at IMV as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which accounts for debt. In this calculation we've used 6.4%, which is based on a levered beta of 1.149. Beta is a measure of a stock's volatility, compared to the market as a whole. We get our beta from the industry average beta of globally comparable companies, with an imposed limit between 0.8 and 2.0, which is a reasonable range for a stable business.</p>
<div class="lb-trans"><p>我们要指出，折现现金流中最重要的输入是折现率和实际现金流。如果你不同意这些结果，可以自己尝试计算并调整假设。DCF 模型也没有考虑行业的周期性或公司的未来资本需求，因此它并不能全面反映公司的潜在表现。考虑到我们将 IMV 视为潜在股东，使用股本成本作为折现率，而不是资本成本（或加权平均资本成本，WACC），后者考虑了债务。在此计算中，我们使用了 6.4%，这是基于 1.149 的杠杆贝塔。贝塔是衡量股票相对于整体市场波动性的指标。我们从全球可比公司的行业平均贝塔中获得我们的贝塔，并设定在 0.8 到 2.0 之间的限制，这是一个稳定企业的合理范围。</p>
</div><h3>SWOT Analysis for IMV</h3>
<div class="lb-trans"><h3>IMV 的 SWOT 分析</h3>
</div><p><strong>Strength</strong></p>
<div class="lb-trans"><p><strong>优势</strong></p>
</div><ul>
<li>Earnings growth over the past year exceeded the industry.</li>
</ul>
<div class="lb-trans"><ul>
<li>过去一年的收益增长超过了行业水平。</li>
</ul>
</div><ul>
<li>Debt is not viewed as a risk.</li>
</ul>
<div class="lb-trans"><ul>
<li>债务不被视为风险。</li>
</ul>
</div><ul>
<li>Dividends are covered by earnings and cash flows.</li>
</ul>
<div class="lb-trans"><ul>
<li>股息由收益和现金流覆盖。</li>
</ul>
</div><p>Dividend information for 7760.</p>
<div class="lb-trans"><p>7760 的股息信息。</p>
</div><p><strong>Weakness</strong></p>
<div class="lb-trans"><p><strong>劣势</strong></p>
</div><ul>
<li>Earnings growth over the past year is below its 5-year average.</li>
</ul>
<div class="lb-trans"><ul>
<li>过去一年的收益增长低于其 5 年平均水平。</li>
</ul>
</div><ul>
<li>Dividend is low compared to the top 25% of dividend payers in the Electronic market.</li>
</ul>
<div class="lb-trans"><ul>
<li>与电子市场前 25% 的股息支付者相比，股息较低。</li>
</ul>
</div><ul>
<li>Expensive based on P/E ratio and estimated fair value.</li>
</ul>
<div class="lb-trans"><ul>
<li>基于市盈率和估计公允价值，价格昂贵。</li>
</ul>
</div><p>What are analysts forecasting for 7760?</p>
<div class="lb-trans"><p>分析师对 7760 的预测是什么？</p>
</div><p><strong>Opportunity</strong></p>
<div class="lb-trans"><p><strong>机会</strong></p>
</div><ul>
<li>Annual revenue is forecast to grow faster than the Japanese market.</li>
</ul>
<div class="lb-trans"><ul>
<li>年收入预计将比日本市场增长更快。</li>
</ul>
</div><p><strong>Threat</strong></p>
<div class="lb-trans"><p><strong>威胁</strong></p>
</div><ul>
<li>No apparent threats visible for 7760.</li>
</ul>
<div class="lb-trans"><ul>
<li>7760 没有明显的威胁。</li>
</ul>
</div><h2>Looking Ahead:</h2>
<div class="lb-trans"><h2>展望未来：</h2>
</div><p>Valuation is only one side of the coin in terms of building your investment thesis, and it shouldn't be the only metric you look at when researching a company. DCF models are not the be-all and end-all of investment valuation. Preferably you'd apply different cases and assumptions and see how they would impact the company's valuation. For example, changes in the company's cost of equity or the risk free rate can significantly impact the valuation. For IMV, there are three essential items you should further research:</p>
<div class="lb-trans"><p>估值只是构建投资论点的一方面，它不应该是你在研究一家公司时唯一关注的指标。现金流折现模型并不是投资估值的唯一标准。最好是应用不同的情景和假设，看看它们如何影响公司的估值。例如，公司的股本成本或无风险利率的变化可能会显著影响估值。对于 IMV，有三个关键项目你应该进一步研究：</p>
</div><ol>
<li><strong>Risks</strong>: You should be aware of the <strong>1 warning sign for IMV</strong> we've uncovered before considering an investment in the company.</li>
<li><strong>Future Earnings</strong>: How does 7760's growth rate compare to its peers and the wider market? Dig deeper into the analyst consensus number for the upcoming years by interacting with our free analyst growth expectation chart.</li>
<li><strong>Other Solid Businesses</strong>: Low debt, high returns on equity and good past performance are fundamental to a strong business. Why not explore our interactive list of stocks with solid business fundamentals to see if there are other companies you may not have considered!</li>
</ol>
<div class="lb-trans"><ol>
<li><strong>风险</strong>：在考虑投资该公司之前，你应该了解我们发现的 <strong>IMV 的一个警告信号</strong>。</li>
<li><strong>未来收益</strong>：7760 的增长率与其同行和更广泛市场相比如何？通过与我们的免费分析师增长预期图表互动，深入挖掘未来几年的分析师共识数字。</li>
<li><strong>其他稳健的业务</strong>：低负债、高股本回报和良好的过往表现是强大业务的基础。为什么不探索我们互动式的稳健业务基本面股票列表，看看是否还有其他你可能未考虑的公司！</li>
</ol>
</div><p>PS. Simply Wall St updates its DCF calculation for every Japanese stock every day, so if you want to find the intrinsic value of any other stock just search here.</p>
<div class="lb-trans"><p>附注：Simply Wall St 每天都会更新每只日本股票的现金流折现计算，因此如果你想找到其他任何股票的内在价值，只需在这里搜索。</p>
</div><p>If you're looking to trade IMV, open an account with the lowest-cost platform trusted by professionals, Interactive Brokers.</p>
<div class="lb-trans"><p>如果你想交易 IMV，请在专业人士信赖的最低成本平台 Interactive Brokers 开设账户。</p>
</div><p>With clients in over 200 countries and territories, and access to 160 markets, IBKR lets you trade stocks, options, futures, forex, bonds and funds from a single integrated account.</p>
<div class="lb-trans"><p>IBKR 在超过 200 个国家和地区拥有客户，并可访问 160 个市场，让你可以通过一个集成账户交易股票、期权、期货、外汇、债券和基金。</p>
</div><p>Enjoy no hidden fees, no account minimums, and FX conversion rates as low as 0.03%, far better than what most brokers offer.</p>
<div class="lb-trans"><p>享受无隐藏费用、无账户最低限额，以及低至 0.03% 的外汇转换率，远远优于大多数经纪商提供的服务。</p>
</div><p>Sponsored Content</p>
<div class="lb-trans"><p>赞助内容</p>
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探讨 IMV Corporation（TSE:7760）的公允价值