<h3>關鍵洞察</h3>
<ul>
<li>SEEK 的估計公允價值為 31.47 澳元，基於兩階段自由現金流折現模型</li>
<li>當前股價為 23.66 澳元，表明 SEEK 可能被低估 25%</li>
<li>我們的公允價值估計比 SEEK 的分析師目標價 30.34 澳元高出 3.7%</li>
</ul>
<p>SEEK Limited（ASX:SEK）12 月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。這類模型可能看起來超出普通人的理解，但其實相對容易跟隨。</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>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>數據分析</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。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值中推斷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率放緩。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更容易放緩。</p>
<p>DCF 的核心思想是未來的一美元價值低於今天的一美元，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（A$, 百萬）</strong></td>
<td>223.2 澳元</td>
<td>285.5 澳元</td>
<td>349.9 澳元</td>
<td>456.0 澳元</td>
<td>534.6 澳元</td>
<td>604.4 澳元</td>
<td>665.6 澳元</td>
<td>719.3 澳元</td>
<td>767.1 澳元</td>
<td>810.4 澳元</td>
</tr>
<tr>
<td><strong>增長率估算來源</strong></td>
<td>分析師 x6</td>
<td>分析師 x6</td>
<td>分析師 x6</td>
<td>分析師 x1</td>
<td>估算 @ 17.23%</td>
<td>估算 @ 13.05%</td>
<td>估算 @ 10.13%</td>
<td>估算 @ 8.08%</td>
<td>估算 @ 6.65%</td>
<td>估算 @ 5.64%</td>
</tr>
<tr>
<td><strong>現值（A$, 百萬）按 8.1% 折現</strong></td>
<td>206 澳元</td>
<td>244 澳元</td>
<td>277 澳元</td>
<td>333 澳元</td>
<td>361 澳元</td>
<td>378 澳元</td>
<td>385 澳元</td>
<td>385 澳元</td>
<td>379 澳元</td>
<td>370 澳元</td>
</tr>
</tbody>
</table>
<p><em>(&#34;Est&#34; = FCF 增長率由 Simply Wall St 估算)</em></p>
<p><strong>10 年現金流的現值（PVCF）</strong> = 33 億澳元</p>
<p>在計算初始 10 年期間未來現金流的現值後，我們需要計算終值，這個值考慮了第一階段之後的所有未來現金流。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 3.3%。我們以 8.1% 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) = 8.1 億澳元 × (1 + 3.3%) ÷ (8.1%– 3.3%) = 170 億澳元</p>
<p><strong>終值的現值（PVTV）</strong> = TV / (1 + r) 10= 170 億澳元 ÷ ( 1 + 8.1%) 10= 79 億澳元</p>
<p>總價值是未來十年現金流的總和加上折現後的終值，這導致總股本價值，在這種情況下為 110 億澳元。在最後一步中，我們將股本價值除以流通股數。與當前股價 23.7 澳元相比，該公司在當前股價交易的基礎上似乎略微被低估，折扣為 25%。不過請記住，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/21922191-dcf-1-dark-2/1766454682652?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/21922191-dcf-1-dark-2/1766454682652"/></p>
<p>ASX:SEK 折現現金流 2025 年 12 月 23 日</p>
<h2>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。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 還沒有考慮行業的週期性或公司的未來資本需求，因此並沒有給出公司潛在表現的完整圖景。考慮到我們將 SEEK 視為潛在股東，股本成本被用作折現率，而不是資本成本（或加權平均資本成本，WACC），後者考慮了債務。在這個計算中，我們使用了 8.1%，這是基於 1.150 的槓桿貝塔。貝塔是衡量股票波動性相對於整體市場的指標。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，這是一個適合穩定業務的合理範圍。</p>
<p>查看我們對 SEEK 的最新分析</p>
<h3>SEEK 的 SWOT 分析</h3>
<p><strong>優勢</strong></p>
<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>SEK 的股息信息。</p>
<p><strong>劣勢</strong></p>
<ul>
<li>與互動媒體和服務市場前 25% 的股息支付者相比，股息較低。</li>
</ul>
<p><strong>機會</strong></p>
<ul>
<li>年收入預計將比澳大利亞市場增長更快。</li>
</ul>
<ul>
<li>交易價格低於我們估計的公允價值超過 20%。</li>
</ul>
<p><strong>威脅</strong></p>
<ul>
<li>年收益預計將比澳大利亞市場增長更慢。</li>
</ul>
<p>分析師對 SEK 還有什麼預測？</p>
<h2>展望未來：</h2>
<p>雖然公司的估值很重要，但理想情況下，它不應該是你對一家公司進行分析時唯一關注的內容。使用折現現金流（DCF）模型無法獲得萬無一失的估值。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。為什麼股價會低於內在價值？對於 SEEK，有三個相關事項你應該關注：</p>
<ol>
<li><strong>風險</strong>：例如，我們已經識別出 <strong>SEEK 的一個警告信號</strong>，你應該注意。</li>
<li><strong>未來收益</strong>：SEK 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，深入瞭解即將到來的年份的分析師共識數字。</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。為什麼不探索我們互動式的穩健企業股票列表，看看是否還有其他你可能未考慮的公司！</li>
</ol>
<p>附註：Simply Wall St 應用程序每天對 ASX 上的每隻股票進行折現現金流估值。如果你想找到其他股票的計算結果，請在這裏搜索。</p>
<p>用於國防和災難的移動基礎設施</p>
<p>下一波機器人技術不是人形機器人。它是完全自主的塔樓，在 30 分鐘內提供 5G、ISR 和雷達，隨時隨地。</p>
<p>在下一輪合同之前獲取投資者簡報</p>
<p>代表 CiTech 贊助</p>

<p>SEEK Limited (ASX:SEK) 的股票估計低於其內在價值 25%，基於兩階段自由現金流折現模型，其公允價值為 31.47 澳元。目前的股價為 23.66 澳元。公允價值估計比分析師的目標價 30.34 澳元高出 3.7%。該估值使用折現現金流模型，預測未來現金流並將其折現至現值</p>

<h3>Key Insights</h3>
<div class="lb-trans"><h3>關鍵洞察</h3>
</div><ul>
<li>SEEK's estimated fair value is AU$31.47 based on 2 Stage Free Cash Flow to Equity</li>
<li>Current share price of AU$23.66 suggests SEEK is potentially 25% undervalued</li>
<li>Our fair value estimate is 3.7% higher than SEEK's analyst price target of AU$30.34</li>
</ul>
<div class="lb-trans"><ul>
<li>SEEK 的估計公允價值為 31.47 澳元，基於兩階段自由現金流折現模型</li>
<li>當前股價為 23.66 澳元，表明 SEEK 可能被低估 25%</li>
<li>我們的公允價值估計比 SEEK 的分析師目標價 30.34 澳元高出 3.7%</li>
</ul>
</div><p>Does the December share price for SEEK Limited (ASX:SEK) 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. Models like these may appear beyond the comprehension of a lay person, but they're fairly easy to follow.</p>
<div class="lb-trans"><p>SEEK Limited（ASX:SEK）12 月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。這類模型可能看起來超出普通人的理解，但其實相對容易跟隨。</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>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>Crunching The Numbers</h2>
<div class="lb-trans"><h2>數據分析</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. 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。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值中推斷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率放緩。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更容易放緩。</p>
</div><p>A DCF is all about the idea that a dollar in the future is less valuable than a dollar today, and so the sum of these future cash flows is then discounted to today's value:</p>
<div class="lb-trans"><p>DCF 的核心思想是未來的一美元價值低於今天的一美元，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 (A$, Millions)</strong></td>
<td>AU$223.2m</td>
<td>AU$285.5m</td>
<td>AU$349.9m</td>
<td>AU$456.0m</td>
<td>AU$534.6m</td>
<td>AU$604.4m</td>
<td>AU$665.6m</td>
<td>AU$719.3m</td>
<td>AU$767.1m</td>
<td>AU$810.4m</td>
</tr>
<tr>
<td><strong>Growth Rate Estimate Source</strong></td>
<td>Analyst x6</td>
<td>Analyst x6</td>
<td>Analyst x6</td>
<td>Analyst x1</td>
<td>Est @ 17.23%</td>
<td>Est @ 13.05%</td>
<td>Est @ 10.13%</td>
<td>Est @ 8.08%</td>
<td>Est @ 6.65%</td>
<td>Est @ 5.64%</td>
</tr>
<tr>
<td><strong>Present Value (A$, Millions) Discounted @ 8.1%</strong></td>
<td>AU$206</td>
<td>AU$244</td>
<td>AU$277</td>
<td>AU$333</td>
<td>AU$361</td>
<td>AU$378</td>
<td>AU$385</td>
<td>AU$385</td>
<td>AU$379</td>
<td>AU$370</td>
</tr>
</tbody>
</table>
<div class="lb-trans"><table>
<thead>
<tr>
<th></th>
<th></th>
<th></th>
<th></th>
<th></th>
<th></th>
<th></th>
<th></th>
<th></th>
<th></th>
<th></th>
</tr>
</thead>
<tbody>
<tr>
<td></td>
<td><strong>2026</strong></td>
<td><strong>2027</strong></td>
<td><strong>2028</strong></td>
<td><strong>2029</strong></td>
<td><strong>2030</strong></td>
<td><strong>2031</strong></td>
<td><strong>2032</strong></td>
<td><strong>2033</strong></td>
<td><strong>2034</strong></td>
<td><strong>2035</strong></td>
</tr>
<tr>
<td><strong>槓桿自由現金流（A$, 百萬）</strong></td>
<td>223.2 澳元</td>
<td>285.5 澳元</td>
<td>349.9 澳元</td>
<td>456.0 澳元</td>
<td>534.6 澳元</td>
<td>604.4 澳元</td>
<td>665.6 澳元</td>
<td>719.3 澳元</td>
<td>767.1 澳元</td>
<td>810.4 澳元</td>
</tr>
<tr>
<td><strong>增長率估算來源</strong></td>
<td>分析師 x6</td>
<td>分析師 x6</td>
<td>分析師 x6</td>
<td>分析師 x1</td>
<td>估算 @ 17.23%</td>
<td>估算 @ 13.05%</td>
<td>估算 @ 10.13%</td>
<td>估算 @ 8.08%</td>
<td>估算 @ 6.65%</td>
<td>估算 @ 5.64%</td>
</tr>
<tr>
<td><strong>現值（A$, 百萬）按 8.1% 折現</strong></td>
<td>206 澳元</td>
<td>244 澳元</td>
<td>277 澳元</td>
<td>333 澳元</td>
<td>361 澳元</td>
<td>378 澳元</td>
<td>385 澳元</td>
<td>385 澳元</td>
<td>379 澳元</td>
<td>370 澳元</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> = AU$3.3b</p>
<div class="lb-trans"><p><strong>10 年現金流的現值（PVCF）</strong> = 33 億澳元</p>
</div><p>After calculating the present value of future cash flows in the initial 10-year period, we need to calculate the Terminal Value, which accounts for all future cash flows beyond 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 3.3%. We discount the terminal cash flows to today's value at a cost of equity of 8.1%.</p>
<div class="lb-trans"><p>在計算初始 10 年期間未來現金流的現值後，我們需要計算終值，這個值考慮了第一階段之後的所有未來現金流。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 3.3%。我們以 8.1% 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) = AU$810m× (1 + 3.3%) ÷ (8.1%– 3.3%) = AU$17b</p>
<div class="lb-trans"><p><strong>終值（TV）</strong> = FCF2035 × (1 + g) ÷ (r – g) = 8.1 億澳元 × (1 + 3.3%) ÷ (8.1%– 3.3%) = 170 億澳元</p>
</div><p><strong>Present Value of Terminal Value (PVTV)</strong> = TV / (1 + r) 10= AU$17b÷ ( 1 + 8.1%) 10= AU$7.9b</p>
<div class="lb-trans"><p><strong>終值的現值（PVTV）</strong> = TV / (1 + r) 10= 170 億澳元 ÷ ( 1 + 8.1%) 10= 79 億澳元</p>
</div><p>The total value is the sum of cash flows for the next ten years plus the discounted terminal value, which results in the Total Equity Value, which in this case is AU$11b. In the final step we divide the equity value by the number of shares outstanding. Compared to the current share price of AU$23.7, the company appears a touch undervalued at a 25% 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>總價值是未來十年現金流的總和加上折現後的終值，這導致總股本價值，在這種情況下為 110 億澳元。在最後一步中，我們將股本價值除以流通股數。與當前股價 23.7 澳元相比，該公司在當前股價交易的基礎上似乎略微被低估，折扣為 25%。不過請記住，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/21922191-dcf-1-dark-2/1766454682652" alt="" original-src="https://images.simplywall.st/asset/chart/21922191-dcf-1-dark-2/1766454682652"/></p>
<p>ASX:SEK Discounted Cash Flow December 23rd 2025</p>
<div class="lb-trans"><p>ASX:SEK 折現現金流 2025 年 12 月 23 日</p>
</div><h2>The Assumptions</h2>
<div class="lb-trans"><h2>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. 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 SEEK 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 8.1%, which is based on a levered beta of 1.150. 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。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 還沒有考慮行業的週期性或公司的未來資本需求，因此並沒有給出公司潛在表現的完整圖景。考慮到我們將 SEEK 視為潛在股東，股本成本被用作折現率，而不是資本成本（或加權平均資本成本，WACC），後者考慮了債務。在這個計算中，我們使用了 8.1%，這是基於 1.150 的槓桿貝塔。貝塔是衡量股票波動性相對於整體市場的指標。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，這是一個適合穩定業務的合理範圍。</p>
</div><p>View our latest analysis for SEEK</p>
<div class="lb-trans"><p>查看我們對 SEEK 的最新分析</p>
</div><h3>SWOT Analysis for SEEK</h3>
<div class="lb-trans"><h3>SEEK 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><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 SEK.</p>
<div class="lb-trans"><p>SEK 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>Dividend is low compared to the top 25% of dividend payers in the Interactive Media and Services market.</li>
</ul>
<div class="lb-trans"><ul>
<li>與互動媒體和服務市場前 25% 的股息支付者相比，股息較低。</li>
</ul>
</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 Australian market.</li>
</ul>
<div class="lb-trans"><ul>
<li>年收入預計將比澳大利亞市場增長更快。</li>
</ul>
</div><ul>
<li>Trading below our estimate of fair value by more than 20%.</li>
</ul>
<div class="lb-trans"><ul>
<li>交易價格低於我們估計的公允價值超過 20%。</li>
</ul>
</div><p><strong>Threat</strong></p>
<div class="lb-trans"><p><strong>威脅</strong></p>
</div><ul>
<li>Annual earnings are forecast to grow slower than the Australian market.</li>
</ul>
<div class="lb-trans"><ul>
<li>年收益預計將比澳大利亞市場增長更慢。</li>
</ul>
</div><p>What else are analysts forecasting for SEK?</p>
<div class="lb-trans"><p>分析師對 SEK 還有什麼預測？</p>
</div><h2>Looking Ahead:</h2>
<div class="lb-trans"><h2>展望未來：</h2>
</div><p>Although the valuation of a company is important, it ideally won't be the sole piece of analysis you scrutinize for a company. It's not possible to obtain a foolproof valuation with a DCF model. 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. What is the reason for the share price sitting below the intrinsic value? For SEEK, there are three pertinent items you should look at:</p>
<div class="lb-trans"><p>雖然公司的估值很重要，但理想情況下，它不應該是你對一家公司進行分析時唯一關注的內容。使用折現現金流（DCF）模型無法獲得萬無一失的估值。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。為什麼股價會低於內在價值？對於 SEEK，有三個相關事項你應該關注：</p>
</div><ol>
<li><strong>Risks</strong>: For instance, we've identified <strong>1 warning sign for SEEK</strong> that you should be aware of.</li>
<li><strong>Future Earnings</strong>: How does SEK'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>：例如，我們已經識別出 <strong>SEEK 的一個警告信號</strong>，你應該注意。</li>
<li><strong>未來收益</strong>：SEK 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，深入瞭解即將到來的年份的分析師共識數字。</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。為什麼不探索我們互動式的穩健企業股票列表，看看是否還有其他你可能未考慮的公司！</li>
</ol>
</div><p>PS. The Simply Wall St app conducts a discounted cash flow valuation for every stock on the ASX every day. If you want to find the calculation for other stocks just search here.</p>
<div class="lb-trans"><p>附註：Simply Wall St 應用程序每天對 ASX 上的每隻股票進行折現現金流估值。如果你想找到其他股票的計算結果，請在這裏搜索。</p>
</div><p>Mobile Infrastructure for Defense and Disaster</p>
<div class="lb-trans"><p>用於國防和災難的移動基礎設施</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>下一波機器人技術不是人形機器人。它是完全自主的塔樓，在 30 分鐘內提供 5G、ISR 和雷達，隨時隨地。</p>
</div><p>Get the investor briefing before the next round of contracts</p>
<div class="lb-trans"><p>在下一輪合同之前獲取投資者簡報</p>
</div><p>Sponsored On Behalf of CiTech</p>
<div class="lb-trans"><p>代表 CiTech 贊助</p>
</div>

SEEK Limited (ASX:SEK) 的股票可能低於其內在價值估計 25%