<h3>關鍵洞察</h3>
<ul>
<li>根據兩階段自由現金流折現模型，Monogatari 的預計公允價值為 3,807 日元</li>
<li>Monogatari 的 3,905 日元股價表明其交易水平與公允價值估計相似</li>
<li>我們的公允價值估計比 Monogatari 分析師的價格目標 4,713 日元低 19%</li>
</ul>
<p>6 月份 Monogatari Corporation (TSE:3097) 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。這將使用折現現金流（DCF）模型進行。儘管這看起來可能相當複雜，但實際上並沒有那麼複雜。</p>
<p>我們通常認為，一家公司的價值是其未來所有現金流的現值。然而，DCF 只是眾多估值指標中的一種，並不是沒有缺陷。對於那些熱衷於股票分析的學習者，Simply Wall St 的分析模型可能會引起你的興趣。</p>
<p>特朗普承諾要 “釋放” 美國的石油和天然氣，這 15 只美國股票的發展將受益。</p>
<h2>方法</h2>
<p>我們將使用兩階段 DCF 模型，顧名思義，它考慮了兩個增長階段。第一階段通常是一個較高的增長期，隨後逐漸趨於穩定，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。在可能的情況下，我們使用分析師的估計，但當這些不可用時，我們會從上一個估計或報告的值中推算出之前的自由現金流（FCF）。我們假設自由現金流減少的公司將減緩其減少的速度，而自由現金流增長的公司在此期間將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，因此我們將這些未來現金流的價值折現到今天的估計值：</p>
<h4>10 年自由現金流（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>槓桿自由現金流（¥，百萬）</strong></td>
<td>17 億日元</td>
<td>33.8 億日元</td>
<td>26.1 億日元</td>
<td>86 億日元</td>
<td>91.7 億日元</td>
<td>95.5 億日元</td>
<td>98.5 億日元</td>
<td>101 億日元</td>
<td>103 億日元</td>
<td>104 億日元</td>
</tr>
<tr>
<td><strong>增長率估算來源</strong></td>
<td>分析師 x3</td>
<td>分析師 x2</td>
<td>分析師 x3</td>
<td>分析師 x1</td>
<td>分析師 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>現值（¥，百萬）按 6.3% 折現</strong></td>
<td>16 億日元</td>
<td>30 億日元</td>
<td>22 億日元</td>
<td>67 億日元</td>
<td>67 億日元</td>
<td>66 億日元</td>
<td>64 億日元</td>
<td>62 億日元</td>
<td>59 億日元</td>
<td>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> = 51 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 6.3% 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) = 100 億日元× (1 + 0.4%) ÷ (6.3%– 0.4%) = 1,770 億日元</p>
<p><strong>終值現值（PVTV）</strong> = TV / (1 + r) 10= 1,770 億日元÷ ( 1 + 6.3%) 10= 960 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 1,470 億日元。在最後一步中，我們將股權價值除以流通股數。與當前股價 3,900 日元相比，該公司在撰寫時似乎處於公允價值附近。然而，估值是一種不精確的工具，就像望遠鏡一樣 - 移動幾個度就會進入不同的星系。請記住這一點。</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 折現現金流 2025 年 6 月 12 日</p>
<h2>重要假設</h2>
<p>我們要指出的是，折現現金流最重要的輸入是折現率和實際現金流。你不必同意這些輸入，我建議你自己重新計算並進行調整。DCF 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。鑑於我們將 Monogatari 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 6.3%，這是基於 1.118 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，這是一個適合穩定業務的合理範圍。</p>
<p>查看我們對 Monogatari 的最新分析</p>
<h3>Monogatari 的 SWOT 分析</h3>
<p><strong>優勢</strong></p>
<ul>
<li>過去一年的盈利增長超過了行業水平。</li>
</ul>
<ul>
<li>債務不被視為風險。</li>
</ul>
<p>3097 的資產負債表摘要。</p>
<p><strong>劣勢</strong></p>
<ul>
<li>過去一年的盈利增長低於其 5 年平均水平。</li>
</ul>
<ul>
<li>與酒店市場前 25% 的分紅支付者相比，分紅較低。</li>
</ul>
<ul>
<li>根據市盈率和估計公允價值來看，價格較高。</li>
</ul>
<p><strong>機會</strong></p>
<ul>
<li>年度盈利預計將比日本市場增長更快。</li>
</ul>
<p><strong>威脅</strong></p>
<ul>
<li>收入預計將低於每年 20% 的增長。</li>
</ul>
<p>分析師對 3097 還有什麼其他預測？</p>
<h2>繼續：</h2>
<p>儘管重要，DCF 計算只是評估公司眾多因素中的一個。DCF 模型並不是投資估值的唯一標準。最好是應用不同的案例和假設，看看它們如何影響公司的估值。如果一家公司以不同的速度增長，或者其股本成本或無風險利率發生劇烈變化，結果可能會大相徑庭。對於 Monogatari，我們整理了三個您應該進一步審查的方面：</p>
<ol>
<li><strong>財務健康</strong>：3097 的資產負債表是否健康？查看我們免費的資產負債表分析，進行六項簡單檢查，關注槓桿和風險等關鍵因素。</li>
<li><strong>未來收益</strong>：3097 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>其他穩健企業</strong>：低負債、高股本回報和良好的過往表現是強大企業的基礎。何不探索我們互動式的穩健企業股票列表，看看是否有其他您可能未考慮的公司！</li>
</ol>
<p>PS. Simply Wall St 每天都會更新每隻日本股票的 DCF 計算，因此如果您想找到其他股票的內在價值，只需在此搜索。</p>

3097

<p>Monogatari Corporation（東京證券交易所代碼：3097）的公允價值估計為 3,807 日元，與其當前股價 3,905 日元相近。該估值比分析師的目標價 4,713 日元低 19%。該分析採用了兩階段折現現金流（DCF）模型，預測未來現金流並將其折現至現值。總股權價值計算為 1,470 億日元，表明該股票的交易價格處於公允價值。關鍵假設包括 6.3% 的折現率，並考慮了未來現金流，儘管 DCF 模型存在一定侷限性</p>

<h3>Key Insights</h3>
<div class="lb-trans"><h3>關鍵洞察</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>根據兩階段自由現金流折現模型，Monogatari 的預計公允價值為 3,807 日元</li>
<li>Monogatari 的 3,905 日元股價表明其交易水平與公允價值估計相似</li>
<li>我們的公允價值估計比 Monogatari 分析師的價格目標 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。這將使用折現現金流（DCF）模型進行。儘管這看起來可能相當複雜，但實際上並沒有那麼複雜。</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>我們通常認為，一家公司的價值是其未來所有現金流的現值。然而，DCF 只是眾多估值指標中的一種，並不是沒有缺陷。對於那些熱衷於股票分析的學習者，Simply Wall St 的分析模型可能會引起你的興趣。</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>特朗普承諾要 “釋放” 美國的石油和天然氣，這 15 只美國股票的發展將受益。</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>我們將使用兩階段 DCF 模型，顧名思義，它考慮了兩個增長階段。第一階段通常是一個較高的增長期，隨後逐漸趨於穩定，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。在可能的情況下，我們使用分析師的估計，但當這些不可用時，我們會從上一個估計或報告的值中推算出之前的自由現金流（FCF）。我們假設自由現金流減少的公司將減緩其減少的速度，而自由現金流增長的公司在此期間將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 discount the value of these future cash flows to their estimated value in today's dollars:</p>
<div class="lb-trans"><p>通常我們假設今天的一美元比未來的一美元更有價值，因此我們將這些未來現金流的價值折現到今天的估計值：</p>
</div><h4>10-year free cash flow (FCF) estimate</h4>
<div class="lb-trans"><h4>10 年自由現金流（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>槓桿自由現金流（¥，百萬）</strong></td>
<td>17 億日元</td>
<td>33.8 億日元</td>
<td>26.1 億日元</td>
<td>86 億日元</td>
<td>91.7 億日元</td>
<td>95.5 億日元</td>
<td>98.5 億日元</td>
<td>101 億日元</td>
<td>103 億日元</td>
<td>104 億日元</td>
</tr>
<tr>
<td><strong>增長率估算來源</strong></td>
<td>分析師 x3</td>
<td>分析師 x2</td>
<td>分析師 x3</td>
<td>分析師 x1</td>
<td>分析師 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>現值（¥，百萬）按 6.3% 折現</strong></td>
<td>16 億日元</td>
<td>30 億日元</td>
<td>22 億日元</td>
<td>67 億日元</td>
<td>67 億日元</td>
<td>66 億日元</td>
<td>64 億日元</td>
<td>62 億日元</td>
<td>59 億日元</td>
<td>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¥51b</p>
<div class="lb-trans"><p><strong>10 年現金流現值（PVCF）</strong> = 51 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 6.3%.</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 6.3% 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¥10b× (1 + 0.4%) ÷ (6.3%– 0.4%) = JP¥177b</p>
<div class="lb-trans"><p><strong>終值（TV）</strong> = FCF2034 × (1 + g) ÷ (r – g) = 100 億日元× (1 + 0.4%) ÷ (6.3%– 0.4%) = 1,770 億日元</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>終值現值（PVTV）</strong> = TV / (1 + r) 10= 1,770 億日元÷ ( 1 + 6.3%) 10= 960 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¥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>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 1,470 億日元。在最後一步中，我們將股權價值除以流通股數。與當前股價 3,900 日元相比，該公司在撰寫時似乎處於公允價值附近。然而，估值是一種不精確的工具，就像望遠鏡一樣 - 移動幾個度就會進入不同的星系。請記住這一點。</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 折現現金流 2025 年 6 月 12 日</p>
</div><h2>Important Assumptions</h2>
<div class="lb-trans"><h2>重要假設</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. 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>我們要指出的是，折現現金流最重要的輸入是折現率和實際現金流。你不必同意這些輸入，我建議你自己重新計算並進行調整。DCF 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。鑑於我們將 Monogatari 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 6.3%，這是基於 1.118 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，這是一個適合穩定業務的合理範圍。</p>
</div><p>View our latest analysis for Monogatari</p>
<div class="lb-trans"><p>查看我們對 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>優勢</strong></p>
</div><ul>
<li>Earnings growth over the past year exceeded the industry.</li>
</ul>
<div class="lb-trans"><ul>
<li>過去一年的盈利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><p>Balance sheet summary for 3097.</p>
<div class="lb-trans"><p>3097 的資產負債表摘要。</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>過去一年的盈利增長低於其 5 年平均水平。</li>
</ul>
</div><ul>
<li>Dividend is low compared to the top 25% of dividend payers in the Hospitality market.</li>
</ul>
<div class="lb-trans"><ul>
<li>與酒店市場前 25% 的分紅支付者相比，分紅較低。</li>
</ul>
</div><ul>
<li>Expensive based on P/E ratio and estimated fair value.</li>
</ul>
<div class="lb-trans"><ul>
<li>根據市盈率和估計公允價值來看，價格較高。</li>
</ul>
</div><p><strong>Opportunity</strong></p>
<div class="lb-trans"><p><strong>機會</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>Revenue is forecast to grow slower than 20% per year.</li>
</ul>
<div class="lb-trans"><ul>
<li>收入預計將低於每年 20% 的增長。</li>
</ul>
</div><p>What else are analysts forecasting for 3097?</p>
<div class="lb-trans"><p>分析師對 3097 還有什麼其他預測？</p>
</div><h2>Moving On:</h2>
<div class="lb-trans"><h2>繼續：</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>儘管重要，DCF 計算只是評估公司眾多因素中的一個。DCF 模型並不是投資估值的唯一標準。最好是應用不同的案例和假設，看看它們如何影響公司的估值。如果一家公司以不同的速度增長，或者其股本成本或無風險利率發生劇烈變化，結果可能會大相徑庭。對於 Monogatari，我們整理了三個您應該進一步審查的方面：</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>財務健康</strong>：3097 的資產負債表是否健康？查看我們免費的資產負債表分析，進行六項簡單檢查，關注槓桿和風險等關鍵因素。</li>
<li><strong>未來收益</strong>：3097 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>其他穩健企業</strong>：低負債、高股本回報和良好的過往表現是強大企業的基礎。何不探索我們互動式的穩健企業股票列表，看看是否有其他您可能未考慮的公司！</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>PS. Simply Wall St 每天都會更新每隻日本股票的 DCF 計算，因此如果您想找到其他股票的內在價值，只需在此搜索。</p>
</div>

計算物語公司（TSE:3097）的合理價值