<h3>關鍵洞察</h3>
<ul>
<li>富譽控股的估計公允價值為 0.52 港元，基於兩階段自由現金流折現法</li>
<li>以 0.52 港元的股價，富譽控股的交易價格接近其估計公允價值</li>
<li>富譽控股的同行似乎以高於公允價值的溢價交易，行業平均溢價為-352%</li>
</ul>
<p>富譽控股有限公司（HKG:8269）與其內在價值相差多遠？我們將利用最新的財務數據，查看該股票是否被合理定價，通過估算公司的未來現金流並將其折現到現值。此次我們將使用折現現金流（DCF）模型。這聽起來可能複雜，但實際上相當簡單！</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 只是眾多估值指標之一，並非沒有缺陷。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>我們發現 21 只美國股票預計明年將支付超過 6% 的股息收益率。查看完整列表，免費獲取。</p>
<h2>逐步計算過程</h2>
<p>我們使用兩階段增長模型，這意味着我們考慮公司的兩個增長階段。在初始階段，公司可能具有更高的增長率，而第二階段通常假設為穩定增長率。在第一階段，我們需要估算未來十年內公司的現金流。由於沒有分析師對自由現金流的估計可供我們參考，我們將根據公司最後報告的自由現金流（FCF）值進行外推。我們假設自由現金流減少的公司將減緩其縮減速度，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，因此這些未來現金流的總和會折現到今天的價值：</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>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>槓桿自由現金流（港元，百萬）</strong></td>
<td>4.75 百萬港元</td>
<td>8.14 百萬港元</td>
<td>12.3 百萬港元</td>
<td>16.7 百萬港元</td>
<td>21.1 百萬港元</td>
<td>25.2 百萬港元</td>
<td>28.7 百萬港元</td>
<td>31.8 百萬港元</td>
<td>34.5 百萬港元</td>
<td>36.8 百萬港元</td>
</tr>
<tr>
<td><strong>增長率估算來源</strong></td>
<td>估算 @ 100.70%</td>
<td>估算 @ 71.30%</td>
<td>估算 @ 50.71%</td>
<td>估算 @ 36.31%</td>
<td>估算 @ 26.22%</td>
<td>估算 @ 19.16%</td>
<td>估算 @ 14.22%</td>
<td>估算 @ 10.76%</td>
<td>估算 @ 8.34%</td>
<td>估算 @ 6.64%</td>
</tr>
<tr>
<td><strong>現值（港元，百萬）按 8.0% 折現</strong></td>
<td>4.4</td>
<td>7.0</td>
<td>9.7</td>
<td>12.3</td>
<td>14.4</td>
<td>15.9</td>
<td>16.8</td>
<td>17.2</td>
<td>17.3</td>
<td>17.1</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> = 1.32 億港元</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，假設未來年增長率等於 10 年期政府債券收益率的 5 年平均值 2.7%。我們以 8.0% 的股本成本將終值現金流折現到今天的價值。</p>
<p><strong>終值（TV）</strong> = FCF2035 × (1 + g) ÷ (r – g) = 3700 萬港元× (1 + 2.7%) ÷ (8.0%– 2.7%) = 7.13 億港元</p>
<p><strong>終值現值（PVTV）</strong> = TV / (1 + r) 10= 7.13 億港元÷ ( 1 + 8.0%) 10= 3.31 億港元</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 4.63 億港元。最後一步是將股權價值除以流通在外的股份數。相對於當前股價 0.5 港元，該公司在撰寫時似乎接近公允價值。然而，估值工具並不精確，類似於望遠鏡 - 移動幾個度數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/113993412-dcf-1-dark-2/1759445594839?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/113993412-dcf-1-dark-2/1759445594839"/></p>
<p>SEHK:8269 折現現金流 2025 年 10 月 2 日</p>
<h2>假設</h2>
<p>我們要指出，折現現金流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，可以自己進行計算並調整假設。DCF 也沒有考慮行業的週期性或公司的未來資本需求，因此並不能全面反映公司的潛在表現。考慮到我們將富譽控股視為潛在股東，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 8.0%，這是基於 1.039 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，這是一個適合穩定業務的合理範圍。</p>
<p>查看我們對富譽控股的最新分析</p>
<h3>富譽控股的 SWOT 分析</h3>
<p><strong>優勢</strong></p>
<ul>
<li>債務不被視為風險。</li>
</ul>
<p>8269 的資產負債表摘要。</p>
<p><strong>劣勢</strong></p>
<ul>
<li>當前股價高於我們估計的公允價值。</li>
</ul>
<p>投資 8269 的主要風險。</p>
<p><strong>機會</strong></p>
<ul>
<li>基於當前自由現金流，擁有超過 3 年的現金儲備。</li>
</ul>
<ul>
<li>過去 3 個月內有顯著的內部購買。</li>
</ul>
<ul>
<li>缺乏分析師覆蓋使得難以確定 8269 的盈利前景。</li>
</ul>
<p><strong>威脅</strong></p>
<ul>
<li>8269 沒有明顯的威脅。</li>
</ul>
<h2>下一步：</h2>
<p>雖然公司的估值很重要，但它只是評估公司時需要考慮的眾多因素之一。DCF 模型並不是投資估值的唯一標準。相反，DCF 模型的最佳用途是測試某些假設和理論，以查看它們是否會導致公司被低估或高估。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，輸出結果可能會大相徑庭。對於富譽控股，我們整理了三個您應該進一步審查的重要事項：</p>
<ol>
<li><strong>風險</strong>：例如，我們發現了 <strong>富譽控股的 3 個警示信號</strong>（其中 1 個是顯著的！），您需要在投資前考慮這些因素。</li>
<li><strong>管理層</strong>：內部人士是否在增加他們的股份，以利用市場對 8269 未來前景的情緒？查看我們的管理層和董事會分析，瞭解首席執行官薪酬和治理因素的見解。</li>
<li><strong>其他穩健的企業</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。為什麼不探索我們互動的穩健商業基本面股票列表，看看是否還有其他您可能未考慮的公司！</li>
</ol>
<p>PS. Simply Wall St 應用程序每天對每隻在香港證券交易所上市的股票進行折現現金流估值。如果您想查找其他股票的計算，只需在這裏搜索。</p>

富譽控股

<p>富譽控股（HKG:8269）的估計公允價值為 0.52 港元，目前股價也為 0.52 港元，表明其交易接近內在價值。該公司的未來現金流使用折現現金流（DCF）模型進行了分析，估計總股權價值為 4.63 億港元。分析表明，富譽控股的估值與同行相比是合理的，而同行的交易溢價則高於公允價值。然而，DCF 模型存在侷限性，並未考慮行業週期性或未來的資本需求</p>

<h3>Key Insights</h3>
<div class="lb-trans"><h3>關鍵洞察</h3>
</div><ul>
<li>Wealth Glory Holdings' estimated fair value is HK$0.52 based on 2 Stage Free Cash Flow to Equity</li>
<li>With HK$0.52 share price, Wealth Glory Holdings appears to be trading close to its estimated fair value</li>
<li>Wealth Glory Holdings' peers seem to be trading at a higher premium to fair value based onthe industry average of -352%</li>
</ul>
<div class="lb-trans"><ul>
<li>富譽控股的估計公允價值為 0.52 港元，基於兩階段自由現金流折現法</li>
<li>以 0.52 港元的股價，富譽控股的交易價格接近其估計公允價值</li>
<li>富譽控股的同行似乎以高於公允價值的溢價交易，行業平均溢價為-352%</li>
</ul>
</div><p>How far off is Wealth Glory Holdings Limited (HKG:8269) 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. We will use the Discounted Cash Flow (DCF) model on this occasion. It may sound complicated, but actually it is quite simple!</p>
<div class="lb-trans"><p>富譽控股有限公司（HKG:8269）與其內在價值相差多遠？我們將利用最新的財務數據，查看該股票是否被合理定價，通過估算公司的未來現金流並將其折現到現值。此次我們將使用折現現金流（DCF）模型。這聽起來可能複雜，但實際上相當簡單！</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 只是眾多估值指標之一，並非沒有缺陷。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>We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free.</p>
<div class="lb-trans"><p>我們發現 21 只美國股票預計明年將支付超過 6% 的股息收益率。查看完整列表，免費獲取。</p>
</div><h2>Step By Step Through The Calculation</h2>
<div class="lb-trans"><h2>逐步計算過程</h2>
</div><p>We're using the 2-stage growth model, which simply means we take in account two stages of company's growth. In the initial period the company may have a higher growth rate and the second stage is usually assumed to have a stable growth rate. In the first stage we need to estimate the cash flows to the business over the next ten years. 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>我們使用兩階段增長模型，這意味着我們考慮公司的兩個增長階段。在初始階段，公司可能具有更高的增長率，而第二階段通常假設為穩定增長率。在第一階段，我們需要估算未來十年內公司的現金流。由於沒有分析師對自由現金流的估計可供我們參考，我們將根據公司最後報告的自由現金流（FCF）值進行外推。我們假設自由現金流減少的公司將減緩其縮減速度，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, and so the sum of these future cash flows is then discounted to today's value:</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，因此這些未來現金流的總和會折現到今天的價值：</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>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$4.75m</td>
<td>HK$8.14m</td>
<td>HK$12.3m</td>
<td>HK$16.7m</td>
<td>HK$21.1m</td>
<td>HK$25.2m</td>
<td>HK$28.7m</td>
<td>HK$31.8m</td>
<td>HK$34.5m</td>
<td>HK$36.8m</td>
</tr>
<tr>
<td><strong>Growth Rate Estimate Source</strong></td>
<td>Est @ 100.70%</td>
<td>Est @ 71.30%</td>
<td>Est @ 50.71%</td>
<td>Est @ 36.31%</td>
<td>Est @ 26.22%</td>
<td>Est @ 19.16%</td>
<td>Est @ 14.22%</td>
<td>Est @ 10.76%</td>
<td>Est @ 8.34%</td>
<td>Est @ 6.64%</td>
</tr>
<tr>
<td><strong>Present Value (HK$, Millions) Discounted @ 8.0%</strong></td>
<td>HK$4.4</td>
<td>HK$7.0</td>
<td>HK$9.7</td>
<td>HK$12.3</td>
<td>HK$14.4</td>
<td>HK$15.9</td>
<td>HK$16.8</td>
<td>HK$17.2</td>
<td>HK$17.3</td>
<td>HK$17.1</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>槓桿自由現金流（港元，百萬）</strong></td>
<td>4.75 百萬港元</td>
<td>8.14 百萬港元</td>
<td>12.3 百萬港元</td>
<td>16.7 百萬港元</td>
<td>21.1 百萬港元</td>
<td>25.2 百萬港元</td>
<td>28.7 百萬港元</td>
<td>31.8 百萬港元</td>
<td>34.5 百萬港元</td>
<td>36.8 百萬港元</td>
</tr>
<tr>
<td><strong>增長率估算來源</strong></td>
<td>估算 @ 100.70%</td>
<td>估算 @ 71.30%</td>
<td>估算 @ 50.71%</td>
<td>估算 @ 36.31%</td>
<td>估算 @ 26.22%</td>
<td>估算 @ 19.16%</td>
<td>估算 @ 14.22%</td>
<td>估算 @ 10.76%</td>
<td>估算 @ 8.34%</td>
<td>估算 @ 6.64%</td>
</tr>
<tr>
<td><strong>現值（港元，百萬）按 8.0% 折現</strong></td>
<td>4.4</td>
<td>7.0</td>
<td>9.7</td>
<td>12.3</td>
<td>14.4</td>
<td>15.9</td>
<td>16.8</td>
<td>17.2</td>
<td>17.3</td>
<td>17.1</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> = HK$132m</p>
<div class="lb-trans"><p><strong>10 年現金流現值（PVCF）</strong> = 1.32 億港元</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 2.7%. We discount the terminal cash flows to today's value at a cost of equity of 8.0%.</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，假設未來年增長率等於 10 年期政府債券收益率的 5 年平均值 2.7%。我們以 8.0% 的股本成本將終值現金流折現到今天的價值。</p>
</div><p><strong>Terminal Value (TV)</strong> = FCF2035 × (1 + g) ÷ (r – g) = HK$37m× (1 + 2.7%) ÷ (8.0%– 2.7%) = HK$713m</p>
<div class="lb-trans"><p><strong>終值（TV）</strong> = FCF2035 × (1 + g) ÷ (r – g) = 3700 萬港元× (1 + 2.7%) ÷ (8.0%– 2.7%) = 7.13 億港元</p>
</div><p><strong>Present Value of Terminal Value (PVTV)</strong> = TV / (1 + r) 10= HK$713m÷ ( 1 + 8.0%) 10= HK$331m</p>
<div class="lb-trans"><p><strong>終值現值（PVTV）</strong> = TV / (1 + r) 10= 7.13 億港元÷ ( 1 + 8.0%) 10= 3.31 億港元</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$463m. The last step is to then divide the equity value by the number of shares outstanding. Relative to the current share price of HK$0.5, 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 4.63 億港元。最後一步是將股權價值除以流通在外的股份數。相對於當前股價 0.5 港元，該公司在撰寫時似乎接近公允價值。然而，估值工具並不精確，類似於望遠鏡 - 移動幾個度數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/113993412-dcf-1-dark-2/1759445594839" alt="" original-src="https://images.simplywall.st/asset/chart/113993412-dcf-1-dark-2/1759445594839"/></p>
<p>SEHK:8269 Discounted Cash Flow October 2nd 2025</p>
<div class="lb-trans"><p>SEHK:8269 折現現金流 2025 年 10 月 2 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 Wealth Glory Holdings 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 8.0%, which is based on a levered beta of 1.039. 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，可以自己進行計算並調整假設。DCF 也沒有考慮行業的週期性或公司的未來資本需求，因此並不能全面反映公司的潛在表現。考慮到我們將富譽控股視為潛在股東，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 8.0%，這是基於 1.039 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，這是一個適合穩定業務的合理範圍。</p>
</div><p>View our latest analysis for Wealth Glory Holdings</p>
<div class="lb-trans"><p>查看我們對富譽控股的最新分析</p>
</div><h3>SWOT Analysis for Wealth Glory Holdings</h3>
<div class="lb-trans"><h3>富譽控股的 SWOT 分析</h3>
</div><p><strong>Strength</strong></p>
<div class="lb-trans"><p><strong>優勢</strong></p>
</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 8269.</p>
<div class="lb-trans"><p>8269 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>Current share price is above our estimate of fair value.</li>
</ul>
<div class="lb-trans"><ul>
<li>當前股價高於我們估計的公允價值。</li>
</ul>
</div><p>Key risks with investing in 8269.</p>
<div class="lb-trans"><p>投資 8269 的主要風險。</p>
</div><p><strong>Opportunity</strong></p>
<div class="lb-trans"><p><strong>機會</strong></p>
</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>基於當前自由現金流，擁有超過 3 年的現金儲備。</li>
</ul>
</div><ul>
<li>Significant insider buying over the past 3 months.</li>
</ul>
<div class="lb-trans"><ul>
<li>過去 3 個月內有顯著的內部購買。</li>
</ul>
</div><ul>
<li>Lack of analyst coverage makes it difficult to determine 8269's earnings prospects.</li>
</ul>
<div class="lb-trans"><ul>
<li>缺乏分析師覆蓋使得難以確定 8269 的盈利前景。</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 8269.</li>
</ul>
<div class="lb-trans"><ul>
<li>8269 沒有明顯的威脅。</li>
</ul>
</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. DCF models are not the be-all and end-all of investment valuation. Instead the best use for a DCF model is to test certain assumptions and theories to see if they would lead to the company being undervalued or overvalued. 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 Wealth Glory Holdings, we've compiled three important items you should further examine:</p>
<div class="lb-trans"><p>雖然公司的估值很重要，但它只是評估公司時需要考慮的眾多因素之一。DCF 模型並不是投資估值的唯一標準。相反，DCF 模型的最佳用途是測試某些假設和理論，以查看它們是否會導致公司被低估或高估。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，輸出結果可能會大相徑庭。對於富譽控股，我們整理了三個您應該進一步審查的重要事項：</p>
</div><ol>
<li><strong>Risks</strong>: As an example, we've found <strong>3 warning signs for Wealth Glory Holdings</strong> (1 is significant!) that you need to consider before investing here.</li>
<li><strong>Management</strong>:Have insiders been ramping up their shares to take advantage of the market's sentiment for 8269's future outlook? Check out our management and board analysis with insights on CEO compensation and governance factors.</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>：例如，我們發現了 <strong>富譽控股的 3 個警示信號</strong>（其中 1 個是顯著的！），您需要在投資前考慮這些因素。</li>
<li><strong>管理層</strong>：內部人士是否在增加他們的股份，以利用市場對 8269 未來前景的情緒？查看我們的管理層和董事會分析，瞭解首席執行官薪酬和治理因素的見解。</li>
<li><strong>其他穩健的企業</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。為什麼不探索我們互動的穩健商業基本面股票列表，看看是否還有其他您可能未考慮的公司！</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>PS. Simply Wall St 應用程序每天對每隻在香港證券交易所上市的股票進行折現現金流估值。如果您想查找其他股票的計算，只需在這裏搜索。</p>
</div>

計算富譽控股有限公司（HKG:8269）的內在價值