<h3>关键洞察</h3>
<ul>
<li>ASMPT 的估计公允价值为 117 港元，基于两阶段自由现金流折现法</li>
<li>当前股价为 81.20 港元，表明 ASMPT 可能被低估 30%</li>
<li>分析师对 522 的目标股价为 94.57 港元，低于我们的公允价值估计 19%</li>
</ul>
<p>ASMPT Limited（HKG:522）1 月份的股价是否反映了其真实价值？今天，我们将通过预测公司的未来现金流并将其折现回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。尽管看起来可能相当复杂，但其实并没有那么多内容。</p>
<p>我们要提醒的是，评估公司的方法有很多种，像 DCF 一样，每种技术在某些情况下都有其优缺点。如果你对这种估值方法还有疑问，可以查看 Simply Wall St 的分析模型。</p>
<p>这项技术可能会取代计算机：发现 20 只正在努力使量子计算成为现实的股票。</p>
<h2>计算过程</h2>
<p>我们使用的是一种称为两阶段模型的方法，这意味着我们有两个不同的现金流增长率阶段。通常第一阶段是较高的增长，第二阶段是较低的增长阶段。首先，我们需要获取未来十年的现金流估计。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会减缓其减少速度，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>DCF 的核心思想是未来的一美元价值低于今天的一美元，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）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（港元，百万）</strong></td>
<td>390.0 百万港元</td>
<td>1.03 十亿港元</td>
<td>1.65 十亿港元</td>
<td>2.34 十亿港元</td>
<td>3.05 十亿港元</td>
<td>3.73 十亿港元</td>
<td>4.34 十亿港元</td>
<td>4.87 十亿港元</td>
<td>5.33 十亿港元</td>
<td>5.73 十亿港元</td>
</tr>
<tr>
<td><strong>增长率估计来源</strong></td>
<td>分析师 x2</td>
<td>分析师 x2</td>
<td>估计 @59.14%</td>
<td>估计 @42.24%</td>
<td>估计 @30.41%</td>
<td>估计 @22.14%</td>
<td>估计 @16.34%</td>
<td>估计 @12.28%</td>
<td>估计 @9.45%</td>
<td>估计 @7.46%</td>
</tr>
<tr>
<td><strong>现值（港元，百万）按 10.0% 折现</strong></td>
<td>355</td>
<td>855</td>
<td>1.2k</td>
<td>1.6k</td>
<td>1.9k</td>
<td>2.1k</td>
<td>2.2k</td>
<td>2.3k</td>
<td>2.3k</td>
<td>2.2k</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> = 170 亿港元</p>
<p>我们现在需要计算终值，这个值考虑了十年期之后的所有未来现金流。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 2.8%。我们以 10.0% 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) = 57 亿港元× (1 + 2.8%) ÷ (10.0%– 2.8%) = 820 亿港元</p>
<p><strong>终值现值（PVTV）</strong> = TV / (1 + r) 10= 820 亿港元÷ ( 1 + 10.0%) 10= 320 亿港元</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 490 亿港元。最后一步是将股权价值除以流通在外的股份数量。与当前股价 81.2 港元相比，该公司在当前股价交易的基础上显得相当被低估，折扣率为 30%。不过请记住，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/877037-dcf-1-dark-2/1767484980839?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/877037-dcf-1-dark-2/1767484980839"/></p>
<p>SEHK:522 折现现金流 2026 年 1 月 4 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。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，因此并不能全面反映公司的潜在表现。鉴于我们将 ASMPT 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。在这个计算中，我们使用了 10.0%，这是基于 1.702 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取我们的贝塔，并设定在 0.8 到 2.0 之间，这是一个适合稳定企业的合理范围。</p>
<p>查看我们对 ASMPT 的最新分析</p>
<h3>ASMPT 的 SWOT 分析</h3>
<p><strong>优势</strong></p>
<ul>
<li>现金超过总债务。</li>
</ul>
<p>522 的资产负债表摘要。</p>
<p><strong>劣势</strong></p>
<ul>
<li>债务的利息支付覆盖不足。</li>
</ul>
<ul>
<li>与半导体市场前 25% 的分红支付者相比，分红较低。</li>
</ul>
<p><strong>机会</strong></p>
<ul>
<li>预计明年实现盈亏平衡。</li>
</ul>
<ul>
<li>根据当前自由现金流，现金流足够维持超过 3 年。</li>
</ul>
<ul>
<li>基于市销率和估计公允价值，具有良好的价值。</li>
</ul>
<p><strong>威胁</strong></p>
<ul>
<li>债务未能得到经营现金流的良好覆盖。</li>
</ul>
<p>522 是否具备应对威胁的能力？</p>
<h2>展望未来：</h2>
<p>估值只是构建投资论点的一个方面，理想情况下，它不会是你对一家公司进行分析时唯一关注的内容。现金流折现模型并不是投资估值的终极标准。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，如果终值增长率稍作调整，整体结果可能会发生显著变化。为什么内在价值高于当前股价？对于 ASMPT，你还应该考虑以下三个方面：</p>
<ol>
<li><strong>财务健康</strong>：522 的资产负债表是否健康？查看我们提供的免费资产负债表分析，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>：522 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>附注：Simply Wall St 应用程序每天对香港证券交易所的每只股票进行折现现金流估值。如果你想查找其他股票的计算结果，请在这里搜索。</p>
<p>用于国防和灾难的移动基础设施</p>
<p>下一波机器人技术不是人形机器人。它是完全自主的塔楼，在 30 分钟内提供 5G、ISR 和雷达服务，覆盖任何地方。</p>
<p>在下一轮合同之前获取投资者简报</p>
<p>由 CiTech 赞助</p>

00522

<p>ASMPT 有限公司（HKG:522）预计内在价值为 117 港元，意味着其当前股价 81.20 港元有潜在 44% 的上涨空间，这表明其被低估了 30%。分析师设定的目标价为 94.57 港元，低于公允价值估计的 19%。该估值基于折现现金流（DCF）模型，考虑了未来现金流和 10% 的折现率。总股权价值计算为 490 亿港元，突显了尽管估值方法复杂，该股票仍具有增长潜力</p>

<h3>Key Insights</h3>
<div class="lb-trans"><h3>关键洞察</h3>
</div><ul>
<li>ASMPT's estimated fair value is HK$117 based on 2 Stage Free Cash Flow to Equity</li>
<li>Current share price of HK$81.20 suggests ASMPT is potentially 30% undervalued</li>
<li>Analyst price target for 522 is HK$94.57 which is 19% below our fair value estimate</li>
</ul>
<div class="lb-trans"><ul>
<li>ASMPT 的估计公允价值为 117 港元，基于两阶段自由现金流折现法</li>
<li>当前股价为 81.20 港元，表明 ASMPT 可能被低估 30%</li>
<li>分析师对 522 的目标股价为 94.57 港元，低于我们的公允价值估计 19%</li>
</ul>
</div><p>Does the January share price for ASMPT Limited (HKG:522) reflect what it's really worth? Today, we will estimate the stock's intrinsic value by taking the forecast future cash flows of the company and discounting them back to today's value. We will use the Discounted Cash Flow (DCF) model on this occasion. There's really not all that much to it, even though it might appear quite complex.</p>
<div class="lb-trans"><p>ASMPT Limited（HKG:522）1 月份的股价是否反映了其真实价值？今天，我们将通过预测公司的未来现金流并将其折现回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。尽管看起来可能相当复杂，但其实并没有那么多内容。</p>
</div><p>We would caution that there are many ways of valuing a company and, like the DCF, each technique has advantages and disadvantages in certain scenarios. If you still have some burning questions about this type of valuation, take a look at the Simply Wall St analysis model.</p>
<div class="lb-trans"><p>我们要提醒的是，评估公司的方法有很多种，像 DCF 一样，每种技术在某些情况下都有其优缺点。如果你对这种估值方法还有疑问，可以查看 Simply Wall St 的分析模型。</p>
</div><p>This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality.</p>
<div class="lb-trans"><p>这项技术可能会取代计算机：发现 20 只正在努力使量子计算成为现实的股票。</p>
</div><h2>The Calculation</h2>
<div class="lb-trans"><h2>计算过程</h2>
</div><p>We use what is known as a 2-stage model, which simply means we have two different periods of growth rates for the company's cash flows. Generally the first stage is higher growth, and the second stage is a lower growth phase. To begin with, we have to get estimates of 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>我们使用的是一种称为两阶段模型的方法，这意味着我们有两个不同的现金流增长率阶段。通常第一阶段是较高的增长，第二阶段是较低的增长阶段。首先，我们需要获取未来十年的现金流估计。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会减缓其减少速度，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>A DCF is all about the idea that a dollar in the future is less valuable than a dollar today, so we discount the value of these future cash flows to their estimated value in today's dollars:</p>
<div class="lb-trans"><p>DCF 的核心思想是未来的一美元价值低于今天的一美元，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) 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 (HK$, Millions)</strong></td>
<td>HK$390.0m</td>
<td>HK$1.03b</td>
<td>HK$1.65b</td>
<td>HK$2.34b</td>
<td>HK$3.05b</td>
<td>HK$3.73b</td>
<td>HK$4.34b</td>
<td>HK$4.87b</td>
<td>HK$5.33b</td>
<td>HK$5.73b</td>
</tr>
<tr>
<td><strong>Growth Rate Estimate Source</strong></td>
<td>Analyst x2</td>
<td>Analyst x2</td>
<td>Est @ 59.14%</td>
<td>Est @ 42.24%</td>
<td>Est @ 30.41%</td>
<td>Est @ 22.14%</td>
<td>Est @ 16.34%</td>
<td>Est @ 12.28%</td>
<td>Est @ 9.45%</td>
<td>Est @ 7.46%</td>
</tr>
<tr>
<td><strong>Present Value (HK$, Millions) Discounted @ 10.0%</strong></td>
<td>HK$355</td>
<td>HK$855</td>
<td>HK$1.2k</td>
<td>HK$1.6k</td>
<td>HK$1.9k</td>
<td>HK$2.1k</td>
<td>HK$2.2k</td>
<td>HK$2.3k</td>
<td>HK$2.3k</td>
<td>HK$2.2k</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（港元，百万）</strong></td>
<td>390.0 百万港元</td>
<td>1.03 十亿港元</td>
<td>1.65 十亿港元</td>
<td>2.34 十亿港元</td>
<td>3.05 十亿港元</td>
<td>3.73 十亿港元</td>
<td>4.34 十亿港元</td>
<td>4.87 十亿港元</td>
<td>5.33 十亿港元</td>
<td>5.73 十亿港元</td>
</tr>
<tr>
<td><strong>增长率估计来源</strong></td>
<td>分析师 x2</td>
<td>分析师 x2</td>
<td>估计 @59.14%</td>
<td>估计 @42.24%</td>
<td>估计 @30.41%</td>
<td>估计 @22.14%</td>
<td>估计 @16.34%</td>
<td>估计 @12.28%</td>
<td>估计 @9.45%</td>
<td>估计 @7.46%</td>
</tr>
<tr>
<td><strong>现值（港元，百万）按 10.0% 折现</strong></td>
<td>355</td>
<td>855</td>
<td>1.2k</td>
<td>1.6k</td>
<td>1.9k</td>
<td>2.1k</td>
<td>2.2k</td>
<td>2.3k</td>
<td>2.3k</td>
<td>2.2k</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> = HK$17b</p>
<div class="lb-trans"><p><strong>10 年现金流现值（PVCF）</strong> = 170 亿港元</p>
</div><p>We now need to calculate the Terminal Value, which accounts for all the future cash flows after this ten year period. 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 2.8%. We discount the terminal cash flows to today's value at a cost of equity of 10.0%.</p>
<div class="lb-trans"><p>我们现在需要计算终值，这个值考虑了十年期之后的所有未来现金流。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 2.8%。我们以 10.0% 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) = HK$5.7b× (1 + 2.8%) ÷ (10.0%– 2.8%) = HK$82b</p>
<div class="lb-trans"><p><strong>终值（TV）</strong> = FCF2035 × (1 + g) ÷ (r – g) = 57 亿港元× (1 + 2.8%) ÷ (10.0%– 2.8%) = 820 亿港元</p>
</div><p><strong>Present Value of Terminal Value (PVTV)</strong> = TV / (1 + r) 10= HK$82b÷ ( 1 + 10.0%) 10= HK$32b</p>
<div class="lb-trans"><p><strong>终值现值（PVTV）</strong> = TV / (1 + r) 10= 820 亿港元÷ ( 1 + 10.0%) 10= 320 亿港元</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 HK$49b. The last step is to then divide the equity value by the number of shares outstanding. Compared to the current share price of HK$81.2, the company appears quite undervalued at a 30% discount to where the stock price trades currently. 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 490 亿港元。最后一步是将股权价值除以流通在外的股份数量。与当前股价 81.2 港元相比，该公司在当前股价交易的基础上显得相当被低估，折扣率为 30%。不过请记住，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/877037-dcf-1-dark-2/1767484980839" alt="" original-src="https://images.simplywall.st/asset/chart/877037-dcf-1-dark-2/1767484980839"/></p>
<p>SEHK:522 Discounted Cash Flow January 4th 2026</p>
<div class="lb-trans"><p>SEHK:522 折现现金流 2026 年 1 月 4 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. 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 ASMPT 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 10.0%, which is based on a levered beta of 1.702. 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。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，因此并不能全面反映公司的潜在表现。鉴于我们将 ASMPT 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。在这个计算中，我们使用了 10.0%，这是基于 1.702 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取我们的贝塔，并设定在 0.8 到 2.0 之间，这是一个适合稳定企业的合理范围。</p>
</div><p>View our latest analysis for ASMPT</p>
<div class="lb-trans"><p>查看我们对 ASMPT 的最新分析</p>
</div><h3>SWOT Analysis for ASMPT</h3>
<div class="lb-trans"><h3>ASMPT 的 SWOT 分析</h3>
</div><p><strong>Strength</strong></p>
<div class="lb-trans"><p><strong>优势</strong></p>
</div><ul>
<li>Cash in surplus of total debt.</li>
</ul>
<div class="lb-trans"><ul>
<li>现金超过总债务。</li>
</ul>
</div><p>Balance sheet summary for 522.</p>
<div class="lb-trans"><p>522 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>Interest payments on debt are not well covered.</li>
</ul>
<div class="lb-trans"><ul>
<li>债务的利息支付覆盖不足。</li>
</ul>
</div><ul>
<li>Dividend is low compared to the top 25% of dividend payers in the Semiconductor market.</li>
</ul>
<div class="lb-trans"><ul>
<li>与半导体市场前 25% 的分红支付者相比，分红较低。</li>
</ul>
</div><p><strong>Opportunity</strong></p>
<div class="lb-trans"><p><strong>机会</strong></p>
</div><ul>
<li>Expected to breakeven next year.</li>
</ul>
<div class="lb-trans"><ul>
<li>预计明年实现盈亏平衡。</li>
</ul>
</div><ul>
<li>Has sufficient cash runway for more than 3 years based on current free cash flows.</li>
</ul>
<div class="lb-trans"><ul>
<li>根据当前自由现金流，现金流足够维持超过 3 年。</li>
</ul>
</div><ul>
<li>Good value based on P/S ratio and estimated fair value.</li>
</ul>
<div class="lb-trans"><ul>
<li>基于市销率和估计公允价值，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>Debt is not well covered by operating cash flow.</li>
</ul>
<div class="lb-trans"><ul>
<li>债务未能得到经营现金流的良好覆盖。</li>
</ul>
</div><p>Is 522 well equipped to handle threats?</p>
<div class="lb-trans"><p>522 是否具备应对威胁的能力？</p>
</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 ideally won't be the sole piece of analysis you scrutinize 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. For instance, if the terminal value growth rate is adjusted slightly, it can dramatically alter the overall result. Why is the intrinsic value higher than the current share price? For ASMPT, there are three further items you should consider:</p>
<div class="lb-trans"><p>估值只是构建投资论点的一个方面，理想情况下，它不会是你对一家公司进行分析时唯一关注的内容。现金流折现模型并不是投资估值的终极标准。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，如果终值增长率稍作调整，整体结果可能会发生显著变化。为什么内在价值高于当前股价？对于 ASMPT，你还应该考虑以下三个方面：</p>
</div><ol>
<li><strong>Financial Health</strong>: Does 522 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 522'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>：522 的资产负债表是否健康？查看我们提供的免费资产负债表分析，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>：522 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. The Simply Wall St app conducts a discounted cash flow valuation for every stock on the SEHK every day. If you want to find the calculation for other stocks just search here.</p>
<div class="lb-trans"><p>附注：Simply Wall St 应用程序每天对香港证券交易所的每只股票进行折现现金流估值。如果你想查找其他股票的计算结果，请在这里搜索。</p>
</div><p>Mobile Infrastructure for Defense and Disaster</p>
<div class="lb-trans"><p>用于国防和灾难的移动基础设施</p>
</div><p>The next wave in robotics isn't humanoid. Its fully autonomous towers delivering 5G, ISR, and radar in under 30 minutes, anywhere.</p>
<div class="lb-trans"><p>下一波机器人技术不是人形机器人。它是完全自主的塔楼，在 30 分钟内提供 5G、ISR 和雷达服务，覆盖任何地方。</p>
</div><p>Get the investor briefing before the next round of contracts</p>
<div class="lb-trans"><p>在下一轮合同之前获取投资者简报</p>
</div><p>Sponsored On Behalf of CiTech</p>
<div class="lb-trans"><p>由 CiTech 赞助</p>
</div>

ASMPT 有限公司（HKG:522）的内在价值可能高于其股价 44%