<h3>關鍵洞察</h3>
<ul>
<li>Signpost 的估計公允價值為 371 日元，基於兩階段自由現金流折現模型</li>
<li>當前股價為 300 日元，表明 Signpost 可能接近其公允價值交易</li>
<li>Signpost 的同行目前平均以 47% 的溢價交易</li>
</ul>
<p>Signpost Corporation（TSE:3996）十月份的股價是否反映了它的真實價值？今天，我們將通過預期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。我們將利用折現現金流（DCF）模型來實現這一目的。不要被術語嚇到，背後的數學其實相當簡單。</p>
<p>我們要提醒的是，評估公司的方法有很多種，像 DCF 一樣，每種技術在某些情況下都有其優缺點。如果你想了解更多關於折現現金流的信息，可以在 Simply Wall St 的分析模型中詳細閲讀這一計算的原理。</p>
<p>特朗普承諾要 &#34;釋放&#34; 美國的石油和天然氣，這 15 只美國股票的發展將受益。</p>
<h2>估計估值是多少？</h2>
<p>我們使用的是一種稱為兩階段模型的方法，這意味着我們有兩個不同的公司現金流增長率階段。通常，第一個階段是較高的增長，第二個階段是較低的增長。在第一階段，我們需要估算未來十年內公司的現金流。由於沒有可用的分析師自由現金流（FCF）估算，我們從公司最後報告的值中推斷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減少的速度，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增長在早期階段往往比後期階段放緩得更快。</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>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（¥，百萬）</strong></td>
<td>309.2 百萬日元</td>
<td>318.4 百萬日元</td>
<td>325.5 百萬日元</td>
<td>331.0 百萬日元</td>
<td>335.5 百萬日元</td>
<td>339.2 百萬日元</td>
<td>342.4 百萬日元</td>
<td>345.1 百萬日元</td>
<td>347.6 百萬日元</td>
<td>349.9 百萬日元</td>
</tr>
<tr>
<td><strong>增長率估算來源</strong></td>
<td>估算 @ 3.99%</td>
<td>估算 @ 2.95%</td>
<td>估算 @ 2.22%</td>
<td>估算 @ 1.71%</td>
<td>估算 @ 1.35%</td>
<td>估算 @ 1.10%</td>
<td>估算 @ 0.93%</td>
<td>估算 @ 0.81%</td>
<td>估算 @ 0.72%</td>
<td>估算 @ 0.66%</td>
</tr>
<tr>
<td><strong>現值（¥，百萬）折現 @ 7.5%</strong></td>
<td>288 百萬日元</td>
<td>276 百萬日元</td>
<td>262 百萬日元</td>
<td>248 百萬日元</td>
<td>234 百萬日元</td>
<td>220 百萬日元</td>
<td>207 百萬日元</td>
<td>194 百萬日元</td>
<td>182 百萬日元</td>
<td>170 百萬日元</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> = 23 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 年期國債收益率的 5 年平均值 0.5%。我們以 7.5% 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> = FCF2035 × (1 + g) ÷ (r – g) = 3.5 億日元 × (1 + 0.5%) ÷ (7.5%– 0.5%) = 51 億日元</p>
<p><strong>終值現值（PVTV）</strong> = TV / (1 + r) 10= 51 億日元 ÷ (1 + 7.5%) 10= 25 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 47 億日元。最後一步是將股權價值除以流通在外的股份數量。相對於當前股價 300 日元，該公司在當前股價交易的基礎上約有 19% 的折扣，似乎接近公允價值。然而，估值是一個不精確的工具，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/543612559-dcf-1-dark-2/1760572208777?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/543612559-dcf-1-dark-2/1760572208777"/></p>
<p>TSE:3996 折現現金流 2025 年 10 月 15 日</p>
<h2>重要假設</h2>
<p>上述計算非常依賴於兩個假設。第一個是折現率，另一個是現金流。如果你不同意這些結果，可以自己嘗試計算並調整假設。DCF 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。鑑於我們將 Signpost 視為潛在股東，使用股本成本作為折現率，而不是考慮債務的資本成本（或加權平均資本成本，WACC）。在此計算中，我們使用了 7.5%，這是基於 1.323 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，並施加了 0.8 到 2.0 之間的限制，這是一個穩定業務的合理範圍。</p>
<p>查看我們對 Signpost 的最新分析</p>
<h3>Signpost 的 SWOT 分析</h3>
<p><strong>優勢</strong></p>
<ul>
<li>債務不被視為風險。</li>
</ul>
<p>3996 的資產負債表摘要。</p>
<p><strong>劣勢</strong></p>
<ul>
<li>過去一年收益下降。</li>
</ul>
<p>投資 3996 的主要風險。</p>
<p><strong>機會</strong></p>
<ul>
<li>當前股價低於我們估計的公允價值。</li>
</ul>
<ul>
<li>缺乏分析師覆蓋使得確定 3996 的收益前景變得困難。</li>
</ul>
<p><strong>威脅</strong></p>
<ul>
<li>3996 沒有明顯的威脅。</li>
</ul>
<h2>繼續前進：</h2>
<p>估值只是構建投資論點的一個方面，它只是評估公司時需要考慮的眾多因素之一。現金流折現模型並不是投資估值的唯一標準。相反，現金流折現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 Signpost，我們整理了您應該探索的三個額外項目：</p>
<ol>
<li><strong>風險</strong>：我們認為您在投資該公司之前應該評估我們之前標記的 <strong>Signpost 的三個警告信號</strong>。</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。為什麼不探索我們互動式的穩健企業股票列表，看看是否還有其他您未考慮的公司呢！</li>
<li><strong>其他頂級分析師推薦</strong>：想知道分析師們的看法嗎？查看我們互動式的分析師頂級股票推薦列表，瞭解他們認為哪些股票可能具有吸引人的未來前景！</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，因此如果您想找到其他股票的內在價值，只需在這裏搜索。</p>

3996

<p>Signpost Corporation (TSE:3996) 的估計公允價值為 371 日元，而其當前股價為 300 日元，表明其交易價格接近公允價值。使用兩階段折現現金流（DCF）模型，總股權價值計算為 47 億日元，較當前股價顯示出 19% 的折扣。分析強調了假設在估值中的重要性，特別是在折現率和現金流估計方面</p>

<h3>Key Insights</h3>
<div class="lb-trans"><h3>關鍵洞察</h3>
</div><ul>
<li>Signpost's estimated fair value is JP¥371 based on 2 Stage Free Cash Flow to Equity</li>
<li>Current share price of JP¥300 suggests Signpost is potentially trading close to its fair value</li>
<li>Peers of Signpost are currently trading on average at a 47% premium</li>
</ul>
<div class="lb-trans"><ul>
<li>Signpost 的估計公允價值為 371 日元，基於兩階段自由現金流折現模型</li>
<li>當前股價為 300 日元，表明 Signpost 可能接近其公允價值交易</li>
<li>Signpost 的同行目前平均以 47% 的溢價交易</li>
</ul>
</div><p>Does the October share price for Signpost Corporation (TSE:3996) reflect what it's really worth? Today, we will estimate the stock's intrinsic value by taking the expected future cash flows and discounting them to today's value. We will take advantage of the Discounted Cash Flow (DCF) model for this purpose. Don't get put off by the jargon, the math behind it is actually quite straightforward.</p>
<div class="lb-trans"><p>Signpost Corporation（TSE:3996）十月份的股價是否反映了它的真實價值？今天，我們將通過預期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。我們將利用折現現金流（DCF）模型來實現這一目的。不要被術語嚇到，背後的數學其實相當簡單。</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 want to learn more about discounted cash flow, the rationale behind this calculation can be read in detail in the Simply Wall St analysis model.</p>
<div class="lb-trans"><p>我們要提醒的是，評估公司的方法有很多種，像 DCF 一樣，每種技術在某些情況下都有其優缺點。如果你想了解更多關於折現現金流的信息，可以在 Simply Wall St 的分析模型中詳細閲讀這一計算的原理。</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 &#34;釋放&#34; 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>What's The Estimated Valuation?</h2>
<div class="lb-trans"><h2>估計估值是多少？</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. 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>我們使用的是一種稱為兩階段模型的方法，這意味着我們有兩個不同的公司現金流增長率階段。通常，第一個階段是較高的增長，第二個階段是較低的增長。在第一階段，我們需要估算未來十年內公司的現金流。由於沒有可用的分析師自由現金流（FCF）估算，我們從公司最後報告的值中推斷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減少的速度，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增長在早期階段往往比後期階段放緩得更快。</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>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¥309.2m</td>
<td>JP¥318.4m</td>
<td>JP¥325.5m</td>
<td>JP¥331.0m</td>
<td>JP¥335.5m</td>
<td>JP¥339.2m</td>
<td>JP¥342.4m</td>
<td>JP¥345.1m</td>
<td>JP¥347.6m</td>
<td>JP¥349.9m</td>
</tr>
<tr>
<td><strong>Growth Rate Estimate Source</strong></td>
<td>Est @ 3.99%</td>
<td>Est @ 2.95%</td>
<td>Est @ 2.22%</td>
<td>Est @ 1.71%</td>
<td>Est @ 1.35%</td>
<td>Est @ 1.10%</td>
<td>Est @ 0.93%</td>
<td>Est @ 0.81%</td>
<td>Est @ 0.72%</td>
<td>Est @ 0.66%</td>
</tr>
<tr>
<td><strong>Present Value (¥, Millions) Discounted @ 7.5%</strong></td>
<td>JP¥288</td>
<td>JP¥276</td>
<td>JP¥262</td>
<td>JP¥248</td>
<td>JP¥234</td>
<td>JP¥220</td>
<td>JP¥207</td>
<td>JP¥194</td>
<td>JP¥182</td>
<td>JP¥170</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（¥，百萬）</strong></td>
<td>309.2 百萬日元</td>
<td>318.4 百萬日元</td>
<td>325.5 百萬日元</td>
<td>331.0 百萬日元</td>
<td>335.5 百萬日元</td>
<td>339.2 百萬日元</td>
<td>342.4 百萬日元</td>
<td>345.1 百萬日元</td>
<td>347.6 百萬日元</td>
<td>349.9 百萬日元</td>
</tr>
<tr>
<td><strong>增長率估算來源</strong></td>
<td>估算 @ 3.99%</td>
<td>估算 @ 2.95%</td>
<td>估算 @ 2.22%</td>
<td>估算 @ 1.71%</td>
<td>估算 @ 1.35%</td>
<td>估算 @ 1.10%</td>
<td>估算 @ 0.93%</td>
<td>估算 @ 0.81%</td>
<td>估算 @ 0.72%</td>
<td>估算 @ 0.66%</td>
</tr>
<tr>
<td><strong>現值（¥，百萬）折現 @ 7.5%</strong></td>
<td>288 百萬日元</td>
<td>276 百萬日元</td>
<td>262 百萬日元</td>
<td>248 百萬日元</td>
<td>234 百萬日元</td>
<td>220 百萬日元</td>
<td>207 百萬日元</td>
<td>194 百萬日元</td>
<td>182 百萬日元</td>
<td>170 百萬日元</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¥2.3b</p>
<div class="lb-trans"><p><strong>10 年現金流現值（PVCF）</strong> = 23 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 0.5%. We discount the terminal cash flows to today's value at a cost of equity of 7.5%.</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 年期國債收益率的 5 年平均值 0.5%。我們以 7.5% 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> = FCF2035 × (1 + g) ÷ (r – g) = JP¥350m× (1 + 0.5%) ÷ (7.5%– 0.5%) = JP¥5.1b</p>
<div class="lb-trans"><p><strong>終值（TV）</strong> = FCF2035 × (1 + g) ÷ (r – g) = 3.5 億日元 × (1 + 0.5%) ÷ (7.5%– 0.5%) = 51 億日元</p>
</div><p><strong>Present Value of Terminal Value (PVTV)</strong> = TV / (1 + r) 10= JP¥5.1b÷ ( 1 + 7.5%) 10= JP¥2.5b</p>
<div class="lb-trans"><p><strong>終值現值（PVTV）</strong> = TV / (1 + r) 10= 51 億日元 ÷ (1 + 7.5%) 10= 25 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¥4.7b. The last step is to then divide the equity value by the number of shares outstanding. Relative to the current share price of JP¥300, the company appears about fair value at a 19% 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>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 47 億日元。最後一步是將股權價值除以流通在外的股份數量。相對於當前股價 300 日元，該公司在當前股價交易的基礎上約有 19% 的折扣，似乎接近公允價值。然而，估值是一個不精確的工具，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/543612559-dcf-1-dark-2/1760572208777" alt="" original-src="https://images.simplywall.st/asset/chart/543612559-dcf-1-dark-2/1760572208777"/></p>
<p>TSE:3996 Discounted Cash Flow October 15th 2025</p>
<div class="lb-trans"><p>TSE:3996 折現現金流 2025 年 10 月 15 日</p>
</div><h2>Important Assumptions</h2>
<div class="lb-trans"><h2>重要假設</h2>
</div><p>The calculation above is very dependent on two assumptions. The first is the discount rate and the other is the 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 Signpost 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 7.5%, which is based on a levered beta of 1.323. 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>上述計算非常依賴於兩個假設。第一個是折現率，另一個是現金流。如果你不同意這些結果，可以自己嘗試計算並調整假設。DCF 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。鑑於我們將 Signpost 視為潛在股東，使用股本成本作為折現率，而不是考慮債務的資本成本（或加權平均資本成本，WACC）。在此計算中，我們使用了 7.5%，這是基於 1.323 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，並施加了 0.8 到 2.0 之間的限制，這是一個穩定業務的合理範圍。</p>
</div><p>View our latest analysis for Signpost</p>
<div class="lb-trans"><p>查看我們對 Signpost 的最新分析</p>
</div><h3>SWOT Analysis for Signpost</h3>
<div class="lb-trans"><h3>Signpost 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 3996.</p>
<div class="lb-trans"><p>3996 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 declined over the past year.</li>
</ul>
<div class="lb-trans"><ul>
<li>過去一年收益下降。</li>
</ul>
</div><p>Key risks with investing in 3996.</p>
<div class="lb-trans"><p>投資 3996 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>Current share price is below our estimate of fair value.</li>
</ul>
<div class="lb-trans"><ul>
<li>當前股價低於我們估計的公允價值。</li>
</ul>
</div><ul>
<li>Lack of analyst coverage makes it difficult to determine 3996's earnings prospects.</li>
</ul>
<div class="lb-trans"><ul>
<li>缺乏分析師覆蓋使得確定 3996 的收益前景變得困難。</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 3996.</li>
</ul>
<div class="lb-trans"><ul>
<li>3996 沒有明顯的威脅。</li>
</ul>
</div><h2>Moving On:</h2>
<div class="lb-trans"><h2>繼續前進：</h2>
</div><p>Valuation is only one side of the coin in terms of building your investment thesis, and 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 Signpost, we've compiled three additional items you should explore:</p>
<div class="lb-trans"><p>估值只是構建投資論點的一個方面，它只是評估公司時需要考慮的眾多因素之一。現金流折現模型並不是投資估值的唯一標準。相反，現金流折現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 Signpost，我們整理了您應該探索的三個額外項目：</p>
</div><ol>
<li><strong>Risks</strong>: We feel that you should assess the <strong>3 warning signs for Signpost</strong> we've flagged before making an investment in the company.</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>
<li><strong>Other Top Analyst Picks</strong>: Interested to see what the analysts are thinking? Take a look at our interactive list of analysts' top stock picks to find out what they feel might have an attractive future outlook!</li>
</ol>
<div class="lb-trans"><ol>
<li><strong>風險</strong>：我們認為您在投資該公司之前應該評估我們之前標記的 <strong>Signpost 的三個警告信號</strong>。</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。為什麼不探索我們互動式的穩健企業股票列表，看看是否還有其他您未考慮的公司呢！</li>
<li><strong>其他頂級分析師推薦</strong>：想知道分析師們的看法嗎？查看我們互動式的分析師頂級股票推薦列表，瞭解他們認為哪些股票可能具有吸引人的未來前景！</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，因此如果您想找到其他股票的內在價值，只需在這裏搜索。</p>
</div>

探討 Signpost Corporation (TSE:3996) 的內在價值