<h3>关键洞察</h3>
<ul>
<li>根据两阶段自由现金流折现模型，Monogatari 的预计公允价值为 3,807 日元</li>
<li>Monogatari 的 3,905 日元股价表明其交易水平与公允价值估计相似</li>
<li>我们的公允价值估计比 Monogatari 分析师的价格目标 4,713 日元低 19%</li>
</ul>
<p>6 月份 Monogatari Corporation (TSE:3097) 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。这将使用折现现金流（DCF）模型进行。尽管这看起来可能相当复杂，但实际上并没有那么复杂。</p>
<p>我们通常认为，一家公司的价值是其未来所有现金流的现值。然而，DCF 只是众多估值指标中的一种，并不是没有缺陷。对于那些热衷于股票分析的学习者，Simply Wall St 的分析模型可能会引起你的兴趣。</p>
<p>特朗普承诺要 “释放” 美国的石油和天然气，这 15 只美国股票的发展将受益。</p>
<h2>方法</h2>
<p>我们将使用两阶段 DCF 模型，顾名思义，它考虑了两个增长阶段。第一阶段通常是一个较高的增长期，随后逐渐趋于稳定，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。在可能的情况下，我们使用分析师的估计，但当这些不可用时，我们会从上一个估计或报告的值中推算出之前的自由现金流（FCF）。我们假设自由现金流减少的公司将减缓其减少的速度，而自由现金流增长的公司在此期间将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，因此我们将这些未来现金流的价值折现到今天的估计值：</p>
<h4>10 年自由现金流（FCF）估算</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>17 亿日元</td>
<td>33.8 亿日元</td>
<td>26.1 亿日元</td>
<td>86 亿日元</td>
<td>91.7 亿日元</td>
<td>95.5 亿日元</td>
<td>98.5 亿日元</td>
<td>101 亿日元</td>
<td>103 亿日元</td>
<td>104 亿日元</td>
</tr>
<tr>
<td><strong>增长率估算来源</strong></td>
<td>分析师 x3</td>
<td>分析师 x2</td>
<td>分析师 x3</td>
<td>分析师 x1</td>
<td>分析师 x1</td>
<td>估算 @ 4.23%</td>
<td>估算 @ 3.10%</td>
<td>估算 @ 2.30%</td>
<td>估算 @ 1.75%</td>
<td>估算 @ 1.36%</td>
</tr>
<tr>
<td><strong>现值（¥，百万）按 6.3% 折现</strong></td>
<td>16 亿日元</td>
<td>30 亿日元</td>
<td>22 亿日元</td>
<td>67 亿日元</td>
<td>67 亿日元</td>
<td>66 亿日元</td>
<td>64 亿日元</td>
<td>62 亿日元</td>
<td>59 亿日元</td>
<td>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> = 51 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 6.3% 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) = 100 亿日元× (1 + 0.4%) ÷ (6.3%– 0.4%) = 1,770 亿日元</p>
<p><strong>终值现值（PVTV）</strong> = TV / (1 + r) 10= 1,770 亿日元÷ ( 1 + 6.3%) 10= 960 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 1,470 亿日元。在最后一步中，我们将股权价值除以流通股数。与当前股价 3,900 日元相比，该公司在撰写时似乎处于公允价值附近。然而，估值是一种不精确的工具，就像望远镜一样 - 移动几个度就会进入不同的星系。请记住这一点。</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/23110030-dcf-1-dark-2/1749692519459?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/23110030-dcf-1-dark-2/1749692519459"/></p>
<p>TSE:3097 折现现金流 2025 年 6 月 12 日</p>
<h2>重要假设</h2>
<p>我们要指出的是，折现现金流最重要的输入是折现率和实际现金流。你不必同意这些输入，我建议你自己重新计算并进行调整。DCF 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。鉴于我们将 Monogatari 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 6.3%，这是基于 1.118 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，这是一个适合稳定业务的合理范围。</p>
<p>查看我们对 Monogatari 的最新分析</p>
<h3>Monogatari 的 SWOT 分析</h3>
<p><strong>优势</strong></p>
<ul>
<li>过去一年的盈利增长超过了行业水平。</li>
</ul>
<ul>
<li>债务不被视为风险。</li>
</ul>
<p>3097 的资产负债表摘要。</p>
<p><strong>劣势</strong></p>
<ul>
<li>过去一年的盈利增长低于其 5 年平均水平。</li>
</ul>
<ul>
<li>与酒店市场前 25% 的分红支付者相比，分红较低。</li>
</ul>
<ul>
<li>根据市盈率和估计公允价值来看，价格较高。</li>
</ul>
<p><strong>机会</strong></p>
<ul>
<li>年度盈利预计将比日本市场增长更快。</li>
</ul>
<p><strong>威胁</strong></p>
<ul>
<li>收入预计将低于每年 20% 的增长。</li>
</ul>
<p>分析师对 3097 还有什么其他预测？</p>
<h2>继续：</h2>
<p>尽管重要，DCF 计算只是评估公司众多因素中的一个。DCF 模型并不是投资估值的唯一标准。最好是应用不同的案例和假设，看看它们如何影响公司的估值。如果一家公司以不同的速度增长，或者其股本成本或无风险利率发生剧烈变化，结果可能会大相径庭。对于 Monogatari，我们整理了三个您应该进一步审查的方面：</p>
<ol>
<li><strong>财务健康</strong>：3097 的资产负债表是否健康？查看我们免费的资产负债表分析，进行六项简单检查，关注杠杆和风险等关键因素。</li>
<li><strong>未来收益</strong>：3097 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>其他稳健企业</strong>：低负债、高股本回报和良好的过往表现是强大企业的基础。何不探索我们互动式的稳健企业股票列表，看看是否有其他您可能未考虑的公司！</li>
</ol>
<p>PS. Simply Wall St 每天都会更新每只日本股票的 DCF 计算，因此如果您想找到其他股票的内在价值，只需在此搜索。</p>

3097

<p>Monogatari Corporation（东京证券交易所代码：3097）的公允价值估计为 3,807 日元，与其当前股价 3,905 日元相近。该估值比分析师的目标价 4,713 日元低 19%。该分析采用了两阶段折现现金流（DCF）模型，预测未来现金流并将其折现至现值。总股权价值计算为 1,470 亿日元，表明该股票的交易价格处于公允价值。关键假设包括 6.3% 的折现率，并考虑了未来现金流，尽管 DCF 模型存在一定局限性</p>

<h3>Key Insights</h3>
<div class="lb-trans"><h3>关键洞察</h3>
</div><ul>
<li>The projected fair value for Monogatari is JP¥3,807 based on 2 Stage Free Cash Flow to Equity</li>
<li>Monogatari's JP¥3,905 share price indicates it is trading at similar levels as its fair value estimate</li>
<li>Our fair value estimate is 19% lower than Monogatari's analyst price target of JP¥4,713</li>
</ul>
<div class="lb-trans"><ul>
<li>根据两阶段自由现金流折现模型，Monogatari 的预计公允价值为 3,807 日元</li>
<li>Monogatari 的 3,905 日元股价表明其交易水平与公允价值估计相似</li>
<li>我们的公允价值估计比 Monogatari 分析师的价格目标 4,713 日元低 19%</li>
</ul>
</div><p>Does the June share price for The Monogatari Corporation (TSE:3097) 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. This will be done using the Discounted Cash Flow (DCF) model. There's really not all that much to it, even though it might appear quite complex.</p>
<div class="lb-trans"><p>6 月份 Monogatari Corporation (TSE:3097) 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。这将使用折现现金流（DCF）模型进行。尽管这看起来可能相当复杂，但实际上并没有那么复杂。</p>
</div><p>We generally believe that a company's value is the present value of all of the cash it will generate in the future. However, a DCF is just one valuation metric among many, and it is not without flaws. 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>我们通常认为，一家公司的价值是其未来所有现金流的现值。然而，DCF 只是众多估值指标中的一种，并不是没有缺陷。对于那些热衷于股票分析的学习者，Simply Wall St 的分析模型可能会引起你的兴趣。</p>
</div><p>Trump has pledged to &#34;unleash&#34; American oil and gas and these 15 US stocks have developments that are poised to benefit.</p>
<div class="lb-trans"><p>特朗普承诺要 “释放” 美国的石油和天然气，这 15 只美国股票的发展将受益。</p>
</div><h2>The Method</h2>
<div class="lb-trans"><h2>方法</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. Where possible we use analyst estimates, but when these aren't available we extrapolate the previous free cash flow (FCF) from the last estimate or 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，它考虑了两个增长阶段。第一阶段通常是一个较高的增长期，随后逐渐趋于稳定，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。在可能的情况下，我们使用分析师的估计，但当这些不可用时，我们会从上一个估计或报告的值中推算出之前的自由现金流（FCF）。我们假设自由现金流减少的公司将减缓其减少的速度，而自由现金流增长的公司在此期间将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 discount the value of these future cash flows to their estimated value in today's dollars:</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，因此我们将这些未来现金流的价值折现到今天的估计值：</p>
</div><h4>10-year free cash flow (FCF) estimate</h4>
<div class="lb-trans"><h4>10 年自由现金流（FCF）估算</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¥1.70b</td>
<td>JP¥3.38b</td>
<td>JP¥2.61b</td>
<td>JP¥8.60b</td>
<td>JP¥9.17b</td>
<td>JP¥9.55b</td>
<td>JP¥9.85b</td>
<td>JP¥10.1b</td>
<td>JP¥10.3b</td>
<td>JP¥10.4b</td>
</tr>
<tr>
<td><strong>Growth Rate Estimate Source</strong></td>
<td>Analyst x3</td>
<td>Analyst x2</td>
<td>Analyst x3</td>
<td>Analyst x1</td>
<td>Analyst x1</td>
<td>Est @ 4.23%</td>
<td>Est @ 3.10%</td>
<td>Est @ 2.30%</td>
<td>Est @ 1.75%</td>
<td>Est @ 1.36%</td>
</tr>
<tr>
<td><strong>Present Value (¥, Millions) Discounted @ 6.3%</strong></td>
<td>JP¥1.6k</td>
<td>JP¥3.0k</td>
<td>JP¥2.2k</td>
<td>JP¥6.7k</td>
<td>JP¥6.7k</td>
<td>JP¥6.6k</td>
<td>JP¥6.4k</td>
<td>JP¥6.2k</td>
<td>JP¥5.9k</td>
<td>JP¥5.6k</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>17 亿日元</td>
<td>33.8 亿日元</td>
<td>26.1 亿日元</td>
<td>86 亿日元</td>
<td>91.7 亿日元</td>
<td>95.5 亿日元</td>
<td>98.5 亿日元</td>
<td>101 亿日元</td>
<td>103 亿日元</td>
<td>104 亿日元</td>
</tr>
<tr>
<td><strong>增长率估算来源</strong></td>
<td>分析师 x3</td>
<td>分析师 x2</td>
<td>分析师 x3</td>
<td>分析师 x1</td>
<td>分析师 x1</td>
<td>估算 @ 4.23%</td>
<td>估算 @ 3.10%</td>
<td>估算 @ 2.30%</td>
<td>估算 @ 1.75%</td>
<td>估算 @ 1.36%</td>
</tr>
<tr>
<td><strong>现值（¥，百万）按 6.3% 折现</strong></td>
<td>16 亿日元</td>
<td>30 亿日元</td>
<td>22 亿日元</td>
<td>67 亿日元</td>
<td>67 亿日元</td>
<td>66 亿日元</td>
<td>64 亿日元</td>
<td>62 亿日元</td>
<td>59 亿日元</td>
<td>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¥51b</p>
<div class="lb-trans"><p><strong>10 年现金流现值（PVCF）</strong> = 51 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 6.3%.</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 6.3% 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¥10b× (1 + 0.4%) ÷ (6.3%– 0.4%) = JP¥177b</p>
<div class="lb-trans"><p><strong>终值（TV）</strong> = FCF2034 × (1 + g) ÷ (r – g) = 100 亿日元× (1 + 0.4%) ÷ (6.3%– 0.4%) = 1,770 亿日元</p>
</div><p><strong>Present Value of Terminal Value (PVTV)</strong> = TV / (1 + r) 10= JP¥177b÷ ( 1 + 6.3%) 10= JP¥96b</p>
<div class="lb-trans"><p><strong>终值现值（PVTV）</strong> = TV / (1 + r) 10= 1,770 亿日元÷ ( 1 + 6.3%) 10= 960 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¥147b. In the final step we divide the equity value by the number of shares outstanding. Compared to the current share price of JP¥3.9k, the company appears around fair value at the time of writing. Valuations are imprecise instruments though, rather like a telescope - move a few degrees and end up in a different galaxy. Do keep this in mind.</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 1,470 亿日元。在最后一步中，我们将股权价值除以流通股数。与当前股价 3,900 日元相比，该公司在撰写时似乎处于公允价值附近。然而，估值是一种不精确的工具，就像望远镜一样 - 移动几个度就会进入不同的星系。请记住这一点。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/23110030-dcf-1-dark-2/1749692519459" alt="" original-src="https://images.simplywall.st/asset/chart/23110030-dcf-1-dark-2/1749692519459"/></p>
<p>TSE:3097 Discounted Cash Flow June 12th 2025</p>
<div class="lb-trans"><p>TSE:3097 折现现金流 2025 年 6 月 12 日</p>
</div><h2>Important Assumptions</h2>
<div class="lb-trans"><h2>重要假设</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. You don't have to agree with these inputs, I recommend redoing the calculations yourself and playing with them. 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 Monogatari 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 6.3%, which is based on a levered beta of 1.118. 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>我们要指出的是，折现现金流最重要的输入是折现率和实际现金流。你不必同意这些输入，我建议你自己重新计算并进行调整。DCF 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。鉴于我们将 Monogatari 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 6.3%，这是基于 1.118 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，这是一个适合稳定业务的合理范围。</p>
</div><p>View our latest analysis for Monogatari</p>
<div class="lb-trans"><p>查看我们对 Monogatari 的最新分析</p>
</div><h3>SWOT Analysis for Monogatari</h3>
<div class="lb-trans"><h3>Monogatari 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>过去一年的盈利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><p>Balance sheet summary for 3097.</p>
<div class="lb-trans"><p>3097 的资产负债表摘要。</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>过去一年的盈利增长低于其 5 年平均水平。</li>
</ul>
</div><ul>
<li>Dividend is low compared to the top 25% of dividend payers in the Hospitality market.</li>
</ul>
<div class="lb-trans"><ul>
<li>与酒店市场前 25% 的分红支付者相比，分红较低。</li>
</ul>
</div><ul>
<li>Expensive based on P/E ratio and estimated fair value.</li>
</ul>
<div class="lb-trans"><ul>
<li>根据市盈率和估计公允价值来看，价格较高。</li>
</ul>
</div><p><strong>Opportunity</strong></p>
<div class="lb-trans"><p><strong>机会</strong></p>
</div><ul>
<li>Annual earnings are forecast to grow faster than the Japanese market.</li>
</ul>
<div class="lb-trans"><ul>
<li>年度盈利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>Revenue is forecast to grow slower than 20% per year.</li>
</ul>
<div class="lb-trans"><ul>
<li>收入预计将低于每年 20% 的增长。</li>
</ul>
</div><p>What else are analysts forecasting for 3097?</p>
<div class="lb-trans"><p>分析师对 3097 还有什么其他预测？</p>
</div><h2>Moving On:</h2>
<div class="lb-trans"><h2>继续：</h2>
</div><p>Whilst important, the DCF calculation is only one of many factors that you need to assess for 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. If a company grows at a different rate, or if its cost of equity or risk free rate changes sharply, the output can look very different. For Monogatari, we've compiled three further aspects you should further examine:</p>
<div class="lb-trans"><p>尽管重要，DCF 计算只是评估公司众多因素中的一个。DCF 模型并不是投资估值的唯一标准。最好是应用不同的案例和假设，看看它们如何影响公司的估值。如果一家公司以不同的速度增长，或者其股本成本或无风险利率发生剧烈变化，结果可能会大相径庭。对于 Monogatari，我们整理了三个您应该进一步审查的方面：</p>
</div><ol>
<li><strong>Financial Health</strong>: Does 3097 have a healthy balance sheet? Take a look at our free balance sheet analysis with six simple checks on key factors like leverage and risk.</li>
<li><strong>Future Earnings</strong>: How does 3097'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>财务健康</strong>：3097 的资产负债表是否健康？查看我们免费的资产负债表分析，进行六项简单检查，关注杠杆和风险等关键因素。</li>
<li><strong>未来收益</strong>：3097 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>其他稳健企业</strong>：低负债、高股本回报和良好的过往表现是强大企业的基础。何不探索我们互动式的稳健企业股票列表，看看是否有其他您可能未考虑的公司！</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>PS. Simply Wall St 每天都会更新每只日本股票的 DCF 计算，因此如果您想找到其他股票的内在价值，只需在此搜索。</p>
</div>

计算物语公司（TSE:3097）的合理价值