<h3>關鍵洞察</h3>
<ul>
<li>IMV 的估計公允價值為 1,578 日元，基於兩階段自由現金流折現模型</li>
<li>IMV 的 1,622 日元股價表明其交易水平與公允價值估計相似</li>
<li>與行業平均折扣-21% 相比，IMV 的競爭對手似乎以更高的溢價交易</li>
</ul>
<p>IMV Corporation（TSE:7760）3 月份的股價是否反映了其真實價值？今天，我們將通過預測其未來現金流並將其折現到今天的價值來估算該股票的內在價值。這次我們將使用折現現金流（DCF）模型。在你認為自己無法理解之前，請繼續閲讀！實際上，這比你想象的要簡單得多。</p>
<p>不過請記住，估算公司價值的方法有很多，DCF 只是其中一種。對於那些熱衷於學習股票分析的人來説，Simply Wall St 的分析模型可能會引起你的興趣。</p>
<p>查看我們對 IMV 的最新分析</p>
<h2>IMV 是否被合理定價？</h2>
<p>我們將使用兩階段 DCF 模型，顧名思義，它考慮了兩個階段的增長。第一階段通常是一個較高的增長期，隨後趨於穩定，進入第二個 “穩定增長” 階段。首先，我們需要估算未來十年的現金流。由於沒有分析師的自由現金流（FCF）估算可供我們參考，我們將從公司最後報告的數值中推算出之前的自由現金流。我們假設自由現金流減少的公司會減緩其縮減速度，而自由現金流增長的公司在此期間會看到其增長速度放緩。我們這樣做是為了反映出早期的增長往往比後期的增長放緩得更快。</p>
<p>通常我們假設今天的一美元比未來的一美元更有價值，因此我們需要將這些未來現金流的總和折現，以得出現值估算：</p>
<h4>10 年自由現金流（FCF）預測</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>槓桿自由現金流（¥，百萬）</strong></td>
<td>13.9 億日元</td>
<td>14.4 億日元</td>
<td>14.8 億日元</td>
<td>15.1 億日元</td>
<td>15.3 億日元</td>
<td>15.5 億日元</td>
<td>15.7 億日元</td>
<td>15.8 億日元</td>
<td>15.9 億日元</td>
<td>16.0 億日元</td>
</tr>
<tr>
<td><strong>增長率估算來源</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>現值（¥，百萬）按 6.4% 折現</strong></td>
<td>13 億日元</td>
<td>13 億日元</td>
<td>12 億日元</td>
<td>12 億日元</td>
<td>11 億日元</td>
<td>11 億日元</td>
<td>10 億日元</td>
<td>9.58 億日元</td>
<td>9.06 億日元</td>
<td>8.56 億日元</td>
</tr>
</tbody>
</table>
<p><em>(&#34;Est&#34; = FCF 增長率由 Simply Wall St 估算)</em></p>
<p><strong>10 年現金流現值（PVCF）</strong> = 110 億日元</p>
<p>第二階段也稱為終值，這是業務在第一階段後的現金流。使用戈登增長公式計算終值，未來年增長率等於 10 年期政府債券收益率的 5 年平均值 0.4%。我們以 6.4% 的股本成本將終端現金流折現到今天的價值。</p>
<p><strong>終值（TV）</strong> = FCF2034 × (1 + g) ÷ (r – g) = 16 億日元× (1 + 0.4%) ÷ (6.4%– 0.4%) = 260 億日元</p>
<p><strong>終值現值（PVTV）</strong> = TV / (1 + r) 10= 260 億日元÷ ( 1 + 6.4%) 10= 140 億日元</p>
<p>總價值或股權價值是未來現金流現值的總和，在這種情況下為 250 億日元。最後一步是將股權價值除以流通在外的股份數。與當前股價 1,600 日元相比，該公司在撰寫時似乎大致處於公允價值。請記住，這只是一個近似估值，像任何複雜的公式一樣——輸入垃圾，輸出垃圾。</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 折現現金流 2025 年 3 月 7 日</p>
<h2>假設</h2>
<p>我們要指出，折現現金流中最重要的輸入是折現率和實際現金流。如果你不同意這些結果，可以自己嘗試計算並調整假設。DCF 模型也沒有考慮行業的週期性或公司的未來資本需求，因此它並不能全面反映公司的潛在表現。考慮到我們將 IMV 視為潛在股東，使用股本成本作為折現率，而不是資本成本（或加權平均資本成本，WACC），後者考慮了債務。在此計算中，我們使用了 6.4%，這是基於 1.149 的槓桿貝塔。貝塔是衡量股票相對於整體市場波動性的指標。我們從全球可比公司的行業平均貝塔中獲得我們的貝塔，並設定在 0.8 到 2.0 之間的限制，這是一個穩定企業的合理範圍。</p>
<h3>IMV 的 SWOT 分析</h3>
<p><strong>優勢</strong></p>
<ul>
<li>過去一年的收益增長超過了行業水平。</li>
</ul>
<ul>
<li>債務不被視為風險。</li>
</ul>
<ul>
<li>股息由收益和現金流覆蓋。</li>
</ul>
<p>7760 的股息信息。</p>
<p><strong>劣勢</strong></p>
<ul>
<li>過去一年的收益增長低於其 5 年平均水平。</li>
</ul>
<ul>
<li>與電子市場前 25% 的股息支付者相比，股息較低。</li>
</ul>
<ul>
<li>基於市盈率和估計公允價值，價格昂貴。</li>
</ul>
<p>分析師對 7760 的預測是什麼？</p>
<p><strong>機會</strong></p>
<ul>
<li>年收入預計將比日本市場增長更快。</li>
</ul>
<p><strong>威脅</strong></p>
<ul>
<li>7760 沒有明顯的威脅。</li>
</ul>
<h2>展望未來：</h2>
<p>估值只是構建投資論點的一方面，它不應該是你在研究一家公司時唯一關注的指標。現金流折現模型並不是投資估值的唯一標準。最好是應用不同的情景和假設，看看它們如何影響公司的估值。例如，公司的股本成本或無風險利率的變化可能會顯著影響估值。對於 IMV，有三個關鍵項目你應該進一步研究：</p>
<ol>
<li><strong>風險</strong>：在考慮投資該公司之前，你應該瞭解我們發現的 <strong>IMV 的一個警告信號</strong>。</li>
<li><strong>未來收益</strong>：7760 的增長率與其同行和更廣泛市場相比如何？通過與我們的免費分析師增長預期圖表互動，深入挖掘未來幾年的分析師共識數字。</li>
<li><strong>其他穩健的業務</strong>：低負債、高股本回報和良好的過往表現是強大業務的基礎。為什麼不探索我們互動式的穩健業務基本面股票列表，看看是否還有其他你可能未考慮的公司！</li>
</ol>
<p>附註：Simply Wall St 每天都會更新每隻日本股票的現金流折現計算，因此如果你想找到其他任何股票的內在價值，只需在這裏搜索。</p>
<p>如果你想交易 IMV，請在專業人士信賴的最低成本平台 Interactive Brokers 開設賬户。</p>
<p>IBKR 在超過 200 個國家和地區擁有客户，並可訪問 160 個市場，讓你可以通過一個集成賬户交易股票、期權、期貨、外匯、債券和基金。</p>
<p>享受無隱藏費用、無賬户最低限額，以及低至 0.03% 的外匯轉換率，遠遠優於大多數經紀商提供的服務。</p>
<p>贊助內容</p>

7760

<p>IMV Corporation（東京證券交易所代碼：7760）的估計公允價值為 1,578 日元，目前股價為 1,622 日元，表明其交易接近公允價值。使用了兩階段折現現金流（DCF）模型來預測未來現金流，得出的總股權價值為 250 億日元。分析表明 IMV 的估值合理，但強調 DCF 僅是估值的一種方法，並未考慮行業週期性或未來資本需求</p>

<h3>Key Insights</h3>
<div class="lb-trans"><h3>關鍵洞察</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 的估計公允價值為 1,578 日元，基於兩階段自由現金流折現模型</li>
<li>IMV 的 1,622 日元股價表明其交易水平與公允價值估計相似</li>
<li>與行業平均折扣-21% 相比，IMV 的競爭對手似乎以更高的溢價交易</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 月份的股價是否反映了其真實價值？今天，我們將通過預測其未來現金流並將其折現到今天的價值來估算該股票的內在價值。這次我們將使用折現現金流（DCF）模型。在你認為自己無法理解之前，請繼續閲讀！實際上，這比你想象的要簡單得多。</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>不過請記住，估算公司價值的方法有很多，DCF 只是其中一種。對於那些熱衷於學習股票分析的人來説，Simply Wall St 的分析模型可能會引起你的興趣。</p>
</div><p>Check out our latest analysis for IMV</p>
<div class="lb-trans"><p>查看我們對 IMV 的最新分析</p>
</div><h2>Is IMV Fairly Valued?</h2>
<div class="lb-trans"><h2>IMV 是否被合理定價？</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>我們將使用兩階段 DCF 模型，顧名思義，它考慮了兩個階段的增長。第一階段通常是一個較高的增長期，隨後趨於穩定，進入第二個 “穩定增長” 階段。首先，我們需要估算未來十年的現金流。由於沒有分析師的自由現金流（FCF）估算可供我們參考，我們將從公司最後報告的數值中推算出之前的自由現金流。我們假設自由現金流減少的公司會減緩其縮減速度，而自由現金流增長的公司在此期間會看到其增長速度放緩。我們這樣做是為了反映出早期的增長往往比後期的增長放緩得更快。</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>通常我們假設今天的一美元比未來的一美元更有價值，因此我們需要將這些未來現金流的總和折現，以得出現值估算：</p>
</div><h4>10-year free cash flow (FCF) forecast</h4>
<div class="lb-trans"><h4>10 年自由現金流（FCF）預測</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>槓桿自由現金流（¥，百萬）</strong></td>
<td>13.9 億日元</td>
<td>14.4 億日元</td>
<td>14.8 億日元</td>
<td>15.1 億日元</td>
<td>15.3 億日元</td>
<td>15.5 億日元</td>
<td>15.7 億日元</td>
<td>15.8 億日元</td>
<td>15.9 億日元</td>
<td>16.0 億日元</td>
</tr>
<tr>
<td><strong>增長率估算來源</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>現值（¥，百萬）按 6.4% 折現</strong></td>
<td>13 億日元</td>
<td>13 億日元</td>
<td>12 億日元</td>
<td>12 億日元</td>
<td>11 億日元</td>
<td>11 億日元</td>
<td>10 億日元</td>
<td>9.58 億日元</td>
<td>9.06 億日元</td>
<td>8.56 億日元</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 增長率由 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 年現金流現值（PVCF）</strong> = 110 億日元</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>第二階段也稱為終值，這是業務在第一階段後的現金流。使用戈登增長公式計算終值，未來年增長率等於 10 年期政府債券收益率的 5 年平均值 0.4%。我們以 6.4% 的股本成本將終端現金流折現到今天的價值。</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>終值（TV）</strong> = FCF2034 × (1 + g) ÷ (r – g) = 16 億日元× (1 + 0.4%) ÷ (6.4%– 0.4%) = 260 億日元</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>終值現值（PVTV）</strong> = TV / (1 + r) 10= 260 億日元÷ ( 1 + 6.4%) 10= 140 億日元</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>總價值或股權價值是未來現金流現值的總和，在這種情況下為 250 億日元。最後一步是將股權價值除以流通在外的股份數。與當前股價 1,600 日元相比，該公司在撰寫時似乎大致處於公允價值。請記住，這只是一個近似估值，像任何複雜的公式一樣——輸入垃圾，輸出垃圾。</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 折現現金流 2025 年 3 月 7 日</p>
</div><h2>The Assumptions</h2>
<div class="lb-trans"><h2>假設</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>我們要指出，折現現金流中最重要的輸入是折現率和實際現金流。如果你不同意這些結果，可以自己嘗試計算並調整假設。DCF 模型也沒有考慮行業的週期性或公司的未來資本需求，因此它並不能全面反映公司的潛在表現。考慮到我們將 IMV 視為潛在股東，使用股本成本作為折現率，而不是資本成本（或加權平均資本成本，WACC），後者考慮了債務。在此計算中，我們使用了 6.4%，這是基於 1.149 的槓桿貝塔。貝塔是衡量股票相對於整體市場波動性的指標。我們從全球可比公司的行業平均貝塔中獲得我們的貝塔，並設定在 0.8 到 2.0 之間的限制，這是一個穩定企業的合理範圍。</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>優勢</strong></p>
</div><ul>
<li>Earnings growth over the past year exceeded the industry.</li>
</ul>
<div class="lb-trans"><ul>
<li>過去一年的收益增長超過了行業水平。</li>
</ul>
</div><ul>
<li>Debt is not viewed as a risk.</li>
</ul>
<div class="lb-trans"><ul>
<li>債務不被視為風險。</li>
</ul>
</div><ul>
<li>Dividends are covered by earnings and cash flows.</li>
</ul>
<div class="lb-trans"><ul>
<li>股息由收益和現金流覆蓋。</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>劣勢</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>過去一年的收益增長低於其 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>與電子市場前 25% 的股息支付者相比，股息較低。</li>
</ul>
</div><ul>
<li>Expensive based on P/E ratio and estimated fair value.</li>
</ul>
<div class="lb-trans"><ul>
<li>基於市盈率和估計公允價值，價格昂貴。</li>
</ul>
</div><p>What are analysts forecasting for 7760?</p>
<div class="lb-trans"><p>分析師對 7760 的預測是什麼？</p>
</div><p><strong>Opportunity</strong></p>
<div class="lb-trans"><p><strong>機會</strong></p>
</div><ul>
<li>Annual revenue is forecast to grow faster than the Japanese market.</li>
</ul>
<div class="lb-trans"><ul>
<li>年收入預計將比日本市場增長更快。</li>
</ul>
</div><p><strong>Threat</strong></p>
<div class="lb-trans"><p><strong>威脅</strong></p>
</div><ul>
<li>No apparent threats visible for 7760.</li>
</ul>
<div class="lb-trans"><ul>
<li>7760 沒有明顯的威脅。</li>
</ul>
</div><h2>Looking Ahead:</h2>
<div class="lb-trans"><h2>展望未來：</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>估值只是構建投資論點的一方面，它不應該是你在研究一家公司時唯一關注的指標。現金流折現模型並不是投資估值的唯一標準。最好是應用不同的情景和假設，看看它們如何影響公司的估值。例如，公司的股本成本或無風險利率的變化可能會顯著影響估值。對於 IMV，有三個關鍵項目你應該進一步研究：</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>風險</strong>：在考慮投資該公司之前，你應該瞭解我們發現的 <strong>IMV 的一個警告信號</strong>。</li>
<li><strong>未來收益</strong>：7760 的增長率與其同行和更廣泛市場相比如何？通過與我們的免費分析師增長預期圖表互動，深入挖掘未來幾年的分析師共識數字。</li>
<li><strong>其他穩健的業務</strong>：低負債、高股本回報和良好的過往表現是強大業務的基礎。為什麼不探索我們互動式的穩健業務基本面股票列表，看看是否還有其他你可能未考慮的公司！</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>附註：Simply Wall St 每天都會更新每隻日本股票的現金流折現計算，因此如果你想找到其他任何股票的內在價值，只需在這裏搜索。</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，請在專業人士信賴的最低成本平台 Interactive Brokers 開設賬户。</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 在超過 200 個國家和地區擁有客户，並可訪問 160 個市場，讓你可以通過一個集成賬户交易股票、期權、期貨、外匯、債券和基金。</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>享受無隱藏費用、無賬户最低限額，以及低至 0.03% 的外匯轉換率，遠遠優於大多數經紀商提供的服務。</p>
</div><p>Sponsored Content</p>
<div class="lb-trans"><p>贊助內容</p>
</div>

探討 IMV Corporation（TSE:7760）的公允價值