<h3>关键洞察</h3>
<ul>
<li>Nichias 的预计公允价值为 7,712 日元，基于两阶段自由现金流折现法</li>
<li>当前股价为 6,000 日元，表明 Nichias 可能被低估 22%</li>
<li>分析师对 5393 的目标股价为 5,800 日元，低于我们公允价值估算的 25%</li>
</ul>
<p>Nichias Corporation (TSE:5393) 距离其内在价值有多远？使用最新的财务数据，我们将通过估算公司的未来现金流并将其折现到现值，来看看这只股票是否被合理定价。我们将应用折现现金流（DCF）模型来实现这一点。信不信由你，这并不难理解，正如你将从我们的例子中看到的那样！</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，并非没有缺陷。任何对内在价值感兴趣的人都应该阅读一下 Simply Wall St 的分析模型。</p>
<p>特朗普承诺要 &#34;释放&#34; 美国的石油和天然气，这 15 只美国股票的发展将受益。</p>
<h2>Nichias 是否被合理定价？</h2>
<p>我们将使用两阶段 DCF 模型，顾名思义，它考虑了两个增长阶段。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。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>DCF 的核心思想是未来的一美元比今天的一美元价值更低，因此这些未来现金流的总和会折现到今天的价值：</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>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>
<td><strong>2035</strong></td>
</tr>
<tr>
<td><strong>杠杆自由现金流（¥，百万）</strong></td>
<td>255 亿日元</td>
<td>218 亿日元</td>
<td>265 亿日元</td>
<td>275 亿日元</td>
<td>282 亿日元</td>
<td>288 亿日元</td>
<td>292 亿日元</td>
<td>296 亿日元</td>
<td>299 亿日元</td>
<td>302 亿日元</td>
</tr>
<tr>
<td><strong>增长率估计来源</strong></td>
<td>分析师 x3</td>
<td>分析师 x3</td>
<td>分析师 x3</td>
<td>估计 @ 3.57%</td>
<td>估计 @ 2.65%</td>
<td>估计 @ 2.01%</td>
<td>估计 @ 1.57%</td>
<td>估计 @ 1.25%</td>
<td>估计 @ 1.03%</td>
<td>估计 @ 0.88%</td>
</tr>
<tr>
<td><strong>现值（¥，百万）按 6.2% 折现</strong></td>
<td>240 亿日元</td>
<td>193 亿日元</td>
<td>222 亿日元</td>
<td>216 亿日元</td>
<td>209 亿日元</td>
<td>201 亿日元</td>
<td>192 亿日元</td>
<td>183 亿日元</td>
<td>174 亿日元</td>
<td>165 亿日元</td>
</tr>
</tbody>
</table>
<p><em>(&#34;Est&#34; = FCF 增长率由 Simply Wall St 估计)</em></p>
<p><strong>10 年现金流现值（PVCF）</strong> = 1990 亿日元</p>
<p>第二阶段也称为终值，这是企业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 年期国债收益率的 5 年平均值 0.5%。我们以 6.2% 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> = FCF2035 × (1 + g) ÷ (r – g) = 300 亿日元 × (1 + 0.5%) ÷ (6.2%– 0.5%) = 5340 亿日元</p>
<p><strong>终值现值（PVTV）</strong> = TV / (1 + r) 10= 5340 亿日元 ÷ ( 1 + 6.2%) 10= 2930 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 4920 亿日元。为了得到每股内在价值，我们将其除以总流通股数。与当前股价 6,000 日元相比，该公司在当前股价交易的基础上似乎被低估了 22%。不过，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/876158-dcf-1-dark-2/1754618377695?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/876158-dcf-1-dark-2/1754618377695"/></p>
<p>TSE:5393 折现现金流 2025 年 8 月 8 日</p>
<h2>假设</h2>
<p>现在，折现现金流最重要的输入是折现率，当然还有实际现金流。投资的一部分是对公司未来表现的自我评估，因此尝试自己进行计算并检查自己的假设。DCF 也不考虑行业的周期性或公司的未来资本需求，因此无法全面反映公司的潜在表现。鉴于我们将 Nichias 视为潜在股东，折现率使用股本成本，而不是考虑债务的资本成本（或加权平均资本成本，WACC）。在此计算中，我们使用了 6.2%，这是基于 1.082 的杠杆贝塔。贝塔是衡量股票相对于整个市场波动性的指标。我们从全球可比公司的行业平均贝塔中获得我们的贝塔，并在 0.8 到 2.0 之间施加限制，这是一个适合稳定企业的合理范围。</p>
<p>查看我们对 Nichias 的最新分析</p>
<h3>Nichias 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>5393 的股息信息。</p>
<p><strong>劣势</strong></p>
<ul>
<li>与建筑市场前 25% 的股息支付者相比，股息较低。</li>
</ul>
<p><strong>机会</strong></p>
<ul>
<li>预计未来 3 年年收益将增长。</li>
</ul>
<ul>
<li>基于市盈率和估计公允价值，具有良好的价值。</li>
</ul>
<p><strong>威胁</strong></p>
<ul>
<li>预计年收益增长速度低于日本市场。</li>
</ul>
<p>分析师对 5393 还有什么预测？</p>
<h2>下一步：</h2>
<p>虽然公司的估值很重要，但它只是评估公司众多因素中的一个。使用现金流折现模型（DCF）无法获得万无一失的估值。相反，它应该被视为一个指南，帮助我们思考 “哪些假设需要成立，这只股票才会被低估/高估？” 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。为什么股价会低于内在价值？对于 Nichias，我们整理了三个你应该进一步研究的基本方面：</p>
<ol>
<li><strong>财务健康</strong>：5393 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>：5393 的增长率与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，深入了解未来几年的分析师共识数字。</li>
<li><strong>其他高质量替代品</strong>：你喜欢全能型股票吗？探索我们的互动高质量股票列表，了解你可能错过的其他投资机会！</li>
</ol>
<p>PS. Simply Wall St 每天都会更新每只日本股票的 DCF 计算，因此如果你想找到其他股票的内在价值，只需在这里搜索。</p>

5393

<p>日亚化学株式会社 (TSE:5393) 估计被低估 22%，其预计公允价值为 7,712 日元，而当前股价为 6,000 日元。分析师的目标价为 5,800 日元，低于公允价值估计的 25%。该估值基于两阶段的折现现金流（DCF）模型，考虑未来现金流并将其折现至现值。总股权价值计算为 4,920 亿日元，显示出增长潜力，尽管估值本质上是不精确的</p>

<h3>Key Insights</h3>
<div class="lb-trans"><h3>关键洞察</h3>
</div><ul>
<li>The projected fair value for Nichias is JP¥7,712 based on 2 Stage Free Cash Flow to Equity</li>
<li>Current share price of JP¥6,000 suggests Nichias is potentially 22% undervalued</li>
<li>Analyst price target for 5393 is JP¥5,800 which is 25% below our fair value estimate</li>
</ul>
<div class="lb-trans"><ul>
<li>Nichias 的预计公允价值为 7,712 日元，基于两阶段自由现金流折现法</li>
<li>当前股价为 6,000 日元，表明 Nichias 可能被低估 22%</li>
<li>分析师对 5393 的目标股价为 5,800 日元，低于我们公允价值估算的 25%</li>
</ul>
</div><p>How far off is Nichias Corporation (TSE:5393) from its intrinsic value? Using the most recent financial data, we'll take a look at whether the stock is fairly priced by estimating the company's future cash flows and discounting them to their present value. The Discounted Cash Flow (DCF) model is the tool we will apply to do this. Believe it or not, it's not too difficult to follow, as you'll see from our example!</p>
<div class="lb-trans"><p>Nichias Corporation (TSE:5393) 距离其内在价值有多远？使用最新的财务数据，我们将通过估算公司的未来现金流并将其折现到现值，来看看这只股票是否被合理定价。我们将应用折现现金流（DCF）模型来实现这一点。信不信由你，这并不难理解，正如你将从我们的例子中看到的那样！</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. Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model.</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，并非没有缺陷。任何对内在价值感兴趣的人都应该阅读一下 Simply Wall St 的分析模型。</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 &#34;释放&#34; 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>Is Nichias Fairly Valued?</h2>
<div class="lb-trans"><h2>Nichias 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. 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>A DCF is all about the idea that a dollar in the future is less valuable than a dollar today, and so the sum of these future cash flows is then discounted to today's value:</p>
<div class="lb-trans"><p>DCF 的核心思想是未来的一美元比今天的一美元价值更低，因此这些未来现金流的总和会折现到今天的价值：</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>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>
<td><strong>2035</strong></td>
</tr>
<tr>
<td><strong>Levered FCF (¥, Millions)</strong></td>
<td>JP¥25.5b</td>
<td>JP¥21.8b</td>
<td>JP¥26.5b</td>
<td>JP¥27.5b</td>
<td>JP¥28.2b</td>
<td>JP¥28.8b</td>
<td>JP¥29.2b</td>
<td>JP¥29.6b</td>
<td>JP¥29.9b</td>
<td>JP¥30.2b</td>
</tr>
<tr>
<td><strong>Growth Rate Estimate Source</strong></td>
<td>Analyst x3</td>
<td>Analyst x3</td>
<td>Analyst x3</td>
<td>Est @ 3.57%</td>
<td>Est @ 2.65%</td>
<td>Est @ 2.01%</td>
<td>Est @ 1.57%</td>
<td>Est @ 1.25%</td>
<td>Est @ 1.03%</td>
<td>Est @ 0.88%</td>
</tr>
<tr>
<td><strong>Present Value (¥, Millions) Discounted @ 6.2%</strong></td>
<td>JP¥24.0k</td>
<td>JP¥19.3k</td>
<td>JP¥22.2k</td>
<td>JP¥21.6k</td>
<td>JP¥20.9k</td>
<td>JP¥20.1k</td>
<td>JP¥19.2k</td>
<td>JP¥18.3k</td>
<td>JP¥17.4k</td>
<td>JP¥16.5k</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>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>
<td><strong>2035</strong></td>
</tr>
<tr>
<td><strong>杠杆自由现金流（¥，百万）</strong></td>
<td>255 亿日元</td>
<td>218 亿日元</td>
<td>265 亿日元</td>
<td>275 亿日元</td>
<td>282 亿日元</td>
<td>288 亿日元</td>
<td>292 亿日元</td>
<td>296 亿日元</td>
<td>299 亿日元</td>
<td>302 亿日元</td>
</tr>
<tr>
<td><strong>增长率估计来源</strong></td>
<td>分析师 x3</td>
<td>分析师 x3</td>
<td>分析师 x3</td>
<td>估计 @ 3.57%</td>
<td>估计 @ 2.65%</td>
<td>估计 @ 2.01%</td>
<td>估计 @ 1.57%</td>
<td>估计 @ 1.25%</td>
<td>估计 @ 1.03%</td>
<td>估计 @ 0.88%</td>
</tr>
<tr>
<td><strong>现值（¥，百万）按 6.2% 折现</strong></td>
<td>240 亿日元</td>
<td>193 亿日元</td>
<td>222 亿日元</td>
<td>216 亿日元</td>
<td>209 亿日元</td>
<td>201 亿日元</td>
<td>192 亿日元</td>
<td>183 亿日元</td>
<td>174 亿日元</td>
<td>165 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 估计)</em></p>
</div><p><strong>Present Value of 10-year Cash Flow (PVCF)</strong> = JP¥199b</p>
<div class="lb-trans"><p><strong>10 年现金流现值（PVCF）</strong> = 1990 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 0.5%. We discount the terminal cash flows to today's value at a cost of equity of 6.2%.</p>
<div class="lb-trans"><p>第二阶段也称为终值，这是企业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 年期国债收益率的 5 年平均值 0.5%。我们以 6.2% 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> = FCF2035 × (1 + g) ÷ (r – g) = JP¥30b× (1 + 0.5%) ÷ (6.2%– 0.5%) = JP¥534b</p>
<div class="lb-trans"><p><strong>终值（TV）</strong> = FCF2035 × (1 + g) ÷ (r – g) = 300 亿日元 × (1 + 0.5%) ÷ (6.2%– 0.5%) = 5340 亿日元</p>
</div><p><strong>Present Value of Terminal Value (PVTV)</strong> = TV / (1 + r) 10= JP¥534b÷ ( 1 + 6.2%) 10= JP¥293b</p>
<div class="lb-trans"><p><strong>终值现值（PVTV）</strong> = TV / (1 + r) 10= 5340 亿日元 ÷ ( 1 + 6.2%) 10= 2930 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¥492b. To get the intrinsic value per share, we divide this by the total number of shares outstanding. Compared to the current share price of JP¥6.0k, the company appears a touch undervalued at a 22% discount to where the stock price trades currently. 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 4920 亿日元。为了得到每股内在价值，我们将其除以总流通股数。与当前股价 6,000 日元相比，该公司在当前股价交易的基础上似乎被低估了 22%。不过，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/876158-dcf-1-dark-2/1754618377695" alt="" original-src="https://images.simplywall.st/asset/chart/876158-dcf-1-dark-2/1754618377695"/></p>
<p>TSE:5393 Discounted Cash Flow August 8th 2025</p>
<div class="lb-trans"><p>TSE:5393 折现现金流 2025 年 8 月 8 日</p>
</div><h2>The Assumptions</h2>
<div class="lb-trans"><h2>假设</h2>
</div><p>Now the most important inputs to a discounted cash flow are the discount rate, and of course, the actual cash flows. Part of investing is coming up with your own evaluation of a company's future performance, so try the calculation yourself and check your own 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 Nichias 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 6.2%, which is based on a levered beta of 1.082. 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>现在，折现现金流最重要的输入是折现率，当然还有实际现金流。投资的一部分是对公司未来表现的自我评估，因此尝试自己进行计算并检查自己的假设。DCF 也不考虑行业的周期性或公司的未来资本需求，因此无法全面反映公司的潜在表现。鉴于我们将 Nichias 视为潜在股东，折现率使用股本成本，而不是考虑债务的资本成本（或加权平均资本成本，WACC）。在此计算中，我们使用了 6.2%，这是基于 1.082 的杠杆贝塔。贝塔是衡量股票相对于整个市场波动性的指标。我们从全球可比公司的行业平均贝塔中获得我们的贝塔，并在 0.8 到 2.0 之间施加限制，这是一个适合稳定企业的合理范围。</p>
</div><p>See our latest analysis for Nichias</p>
<div class="lb-trans"><p>查看我们对 Nichias 的最新分析</p>
</div><h3>SWOT Analysis for Nichias</h3>
<div class="lb-trans"><h3>Nichias 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 5393.</p>
<div class="lb-trans"><p>5393 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>Dividend is low compared to the top 25% of dividend payers in the Building market.</li>
</ul>
<div class="lb-trans"><ul>
<li>与建筑市场前 25% 的股息支付者相比，股息较低。</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 for the next 3 years.</li>
</ul>
<div class="lb-trans"><ul>
<li>预计未来 3 年年收益将增长。</li>
</ul>
</div><ul>
<li>Good value 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，具有良好的价值。</li>
</ul>
</div><p><strong>Threat</strong></p>
<div class="lb-trans"><p><strong>威胁</strong></p>
</div><ul>
<li>Annual earnings are forecast to grow slower than the Japanese market.</li>
</ul>
<div class="lb-trans"><ul>
<li>预计年收益增长速度低于日本市场。</li>
</ul>
</div><p>What else are analysts forecasting for 5393?</p>
<div class="lb-trans"><p>分析师对 5393 还有什么预测？</p>
</div><h2>Next Steps:</h2>
<div class="lb-trans"><h2>下一步：</h2>
</div><p>Although the valuation of a company is important, it is only one of many factors that you need to assess for a company. It's not possible to obtain a foolproof valuation with a DCF model. Rather it should be seen as a guide to &#34;what assumptions need to be true for this stock to be under/overvalued?&#34; For example, changes in the company's cost of equity or the risk free rate can significantly impact the valuation. What is the reason for the share price sitting below the intrinsic value? For Nichias, we've put together three fundamental aspects you should further research:</p>
<div class="lb-trans"><p>虽然公司的估值很重要，但它只是评估公司众多因素中的一个。使用现金流折现模型（DCF）无法获得万无一失的估值。相反，它应该被视为一个指南，帮助我们思考 “哪些假设需要成立，这只股票才会被低估/高估？” 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。为什么股价会低于内在价值？对于 Nichias，我们整理了三个你应该进一步研究的基本方面：</p>
</div><ol>
<li><strong>Financial Health</strong>: Does 5393 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 5393'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 High Quality Alternatives</strong>: Do you like a good all-rounder? Explore our interactive list of high quality stocks to get an idea of what else is out there you may be missing!</li>
</ol>
<div class="lb-trans"><ol>
<li><strong>财务健康</strong>：5393 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>：5393 的增长率与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，深入了解未来几年的分析师共识数字。</li>
<li><strong>其他高质量替代品</strong>：你喜欢全能型股票吗？探索我们的互动高质量股票列表，了解你可能错过的其他投资机会！</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，因此如果你想找到其他股票的内在价值，只需在这里搜索。</p>
</div>

对 Nichias Corporation（东京证券交易所代码：5393）的内在价值计算表明其股价被低估了 22%