<h3>關鍵洞察</h3>
<ul>
<li>使用兩階段自由現金流折現法，Sunrise Communications 的公允價值估計為 CHF55.70</li>
<li>根據當前股價 CHF40.00，Sunrise Communications 估計被低估 28%</li>
<li>SUNN 的分析師目標價 CHF47.32 比我們的公允價值估計低 15%</li>
</ul>
<p>在本文中，我們將通過預測 Sunrise Communications AG (VTX:SUNN) 的未來現金流並將其折現回今天的價值來估算其內在價值。我們將使用折現現金流（DCF）模型來實現這一點。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>公司可以通過多種方式進行估值，因此我們要指出 DCF 並不適用於每種情況。任何對內在價值感興趣的人都應該閲讀 Simply Wall St 的分析模型。</p>
<p>人工智能即將改變醫療保健。這 20 只股票正在從早期診斷到藥物發現等各個方面進行工作。最棒的是 - 它們的市值都在 100 億美元以下 - 現在仍然有機會提前投資。</p>
<h2>模型</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，公司可能會有更高的增長率，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會減緩其縮減速度，而自由現金流增長的公司在此期間的增長率會放緩。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>一般來説，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）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 (CHF, 百萬)</strong></td>
<td>CHF372.7m</td>
<td>CHF374.1m</td>
<td>CHF358.2m</td>
<td>CHF281.5m</td>
<td>CHF281.5m</td>
<td>CHF260.3m</td>
<td>CHF247.0m</td>
<td>CHF238.6m</td>
<td>CHF233.2m</td>
<td>CHF229.8m</td>
</tr>
<tr>
<td><strong>增長率估計來源</strong></td>
<td>分析師 x5</td>
<td>分析師 x5</td>
<td>分析師 x3</td>
<td>分析師 x1</td>
<td>分析師 x1</td>
<td>估計 @ -7.51%</td>
<td>估計 @ -5.11%</td>
<td>估計 @ -3.43%</td>
<td>估計 @ -2.26%</td>
<td>估計 @ -1.43%</td>
</tr>
<tr>
<td><strong>現值 (CHF, 百萬) 按 6.8% 折現</strong></td>
<td>CHF349</td>
<td>CHF328</td>
<td>CHF294</td>
<td>CHF217</td>
<td>CHF203</td>
<td>CHF176</td>
<td>CHF156</td>
<td>CHF141</td>
<td>CHF129</td>
<td>CHF119</td>
</tr>
</tbody>
</table>
<p><em>(&#34;Est&#34; = FCF 增長率由 Simply Wall St 估計)</em></p>
<p><strong>10 年現金流現值 (PVCF)</strong> = CHF2.1b</p>
<p>第二階段也稱為終值，這是第一階段之後的業務現金流。由於多種原因，使用的增長率非常保守，不能超過一個國家的 GDP 增長率。在這種情況下，我們使用了 10 年期國債收益率的 5 年平均值 (0.5%) 來估算未來增長。與 10 年的 “增長” 期一樣，我們將未來現金流折現到今天的價值，使用的股本成本為 6.8%。</p>
<p><strong>終值 (TV)</strong> = FCF2035 × (1 + g) ÷ (r – g) = CHF230m× (1 + 0.5%) ÷ (6.8%– 0.5%) = CHF3.7b</p>
<p><strong>終值現值 (PVTV)</strong> = TV / (1 + r) 10= CHF3.7b÷ ( 1 + 6.8%) 10= CHF1.9b</p>
<p>總價值是未來十年現金流的總和加上折現後的終值，結果是總股權價值，在這種情況下為 CHF4.0b。在最後一步中，我們將股權價值除以流通股數。與當前股價 CHF40.0 相比，該公司似乎略微被低估，折扣為 28%。任何計算中的假設對估值有很大影響，因此最好將其視為粗略估計，而不是精確到最後一分。</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/282640984-dcf-1-dark-2/1768981682266?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="1706" height="760" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/282640984-dcf-1-dark-2/1768981682266"/></p>
<p>SWX:SUNN 折現現金流 2026 年 1 月 21 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。您不必同意這些輸入，我建議您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，因此並不能全面反映公司的潛在表現。鑑於我們將 Sunrise Communications 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 6.8%，這是基於 1.490 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 Sunrise Communications 的最新分析</p>
<h3>Sunrise Communications 的 SWOT 分析</h3>
<p><strong>優勢</strong></p>
<ul>
<li>債務由現金流良好覆蓋。</li>
</ul>
<ul>
<li>股息在市場上屬於前 25% 的派息者。</li>
</ul>
<p>SUNN 的股息信息。</p>
<p><strong>劣勢</strong></p>
<ul>
<li>債務的利息支付覆蓋不足。</li>
</ul>
<p>分析師對 SUNN 的預測是什麼？</p>
<p><strong>機會</strong></p>
<ul>
<li>預計明年將減少虧損。</li>
</ul>
<ul>
<li>根據當前自由現金流，擁有超過 3 年的現金儲備。</li>
</ul>
<ul>
<li>根據市銷率和估計公允價值，具有良好的價值。</li>
</ul>
<p><strong>威脅</strong></p>
<ul>
<li>對 SUNN 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，但在研究一家公司時不應僅僅依賴這一指標。DCF 模型並不是一個完美的股票估值工具。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。我們能否找出為什麼該公司以低於內在價值的價格交易？對於 Sunrise Communications，有三個相關方面你應該探討：</p>
<ol>
<li><strong>財務健康</strong>：SUNN 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>：SUNN 的增長率與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據。</li>
<li><strong>其他高質量替代品</strong>：你喜歡全能型股票嗎？探索我們互動式的高質量股票列表，瞭解你可能錯過的其他投資機會！</li>
</ol>
<p>PS. Simply Wall St 每天都會更新每隻瑞士股票的 DCF 計算，因此如果你想找到其他股票的內在價值，只需在這裏搜索。</p>

SNRE

SNREY

<p>Sunrise Communications AG (VTX:SUNN) 估計被低估 28%，其公允價值為 55.70 瑞士法郎，而當前股價為 40.00 瑞士法郎。使用兩階段折現現金流（DCF）模型，內在價值是基於未來現金流計算的。分析表明，總股權價值為 40 億瑞士法郎，顯示出潛在的投資機會。然而，DCF 模型的假設對估值有顯著影響，建議重新評估輸入以獲得更準確的估計</p>

<h3>Key Insights</h3>
<div class="lb-trans"><h3>關鍵洞察</h3>
</div><ul>
<li>Using the 2 Stage Free Cash Flow to Equity, Sunrise Communications fair value estimate is CHF55.70</li>
<li>Sunrise Communications is estimated to be 28% undervalued based on current share price of CHF40.00</li>
<li>The CHF47.32 analyst price target for SUNN is 15% less than our estimate of fair value</li>
</ul>
<div class="lb-trans"><ul>
<li>使用兩階段自由現金流折現法，Sunrise Communications 的公允價值估計為 CHF55.70</li>
<li>根據當前股價 CHF40.00，Sunrise Communications 估計被低估 28%</li>
<li>SUNN 的分析師目標價 CHF47.32 比我們的公允價值估計低 15%</li>
</ul>
</div><p>In this article we are going to estimate the intrinsic value of Sunrise Communications AG (VTX:SUNN) by taking the forecast future cash flows of the company and discounting them back to today's value. The Discounted Cash Flow (DCF) model is the tool we will apply to do this. There's really not all that much to it, even though it might appear quite complex.</p>
<div class="lb-trans"><p>在本文中，我們將通過預測 Sunrise Communications AG (VTX:SUNN) 的未來現金流並將其折現回今天的價值來估算其內在價值。我們將使用折現現金流（DCF）模型來實現這一點。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>Companies can be valued in a lot of ways, so we would point out that a DCF is not perfect for every situation. Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model.</p>
<div class="lb-trans"><p>公司可以通過多種方式進行估值，因此我們要指出 DCF 並不適用於每種情況。任何對內在價值感興趣的人都應該閲讀 Simply Wall St 的分析模型。</p>
</div><p>AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early.</p>
<div class="lb-trans"><p>人工智能即將改變醫療保健。這 20 只股票正在從早期診斷到藥物發現等各個方面進行工作。最棒的是 - 它們的市值都在 100 億美元以下 - 現在仍然有機會提前投資。</p>
</div><h2>The Model</h2>
<div class="lb-trans"><h2>模型</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，公司可能會有更高的增長率，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會減緩其縮減速度，而自由現金流增長的公司在此期間的增長率會放緩。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>一般來説，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) 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 (CHF, Millions)</strong></td>
<td>CHF372.7m</td>
<td>CHF374.1m</td>
<td>CHF358.2m</td>
<td>CHF281.5m</td>
<td>CHF281.5m</td>
<td>CHF260.3m</td>
<td>CHF247.0m</td>
<td>CHF238.6m</td>
<td>CHF233.2m</td>
<td>CHF229.8m</td>
</tr>
<tr>
<td><strong>Growth Rate Estimate Source</strong></td>
<td>Analyst x5</td>
<td>Analyst x5</td>
<td>Analyst x3</td>
<td>Analyst x1</td>
<td>Analyst x1</td>
<td>Est @ -7.51%</td>
<td>Est @ -5.11%</td>
<td>Est @ -3.43%</td>
<td>Est @ -2.26%</td>
<td>Est @ -1.43%</td>
</tr>
<tr>
<td><strong>Present Value (CHF, Millions) Discounted @ 6.8%</strong></td>
<td>CHF349</td>
<td>CHF328</td>
<td>CHF294</td>
<td>CHF217</td>
<td>CHF203</td>
<td>CHF176</td>
<td>CHF156</td>
<td>CHF141</td>
<td>CHF129</td>
<td>CHF119</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 (CHF, 百萬)</strong></td>
<td>CHF372.7m</td>
<td>CHF374.1m</td>
<td>CHF358.2m</td>
<td>CHF281.5m</td>
<td>CHF281.5m</td>
<td>CHF260.3m</td>
<td>CHF247.0m</td>
<td>CHF238.6m</td>
<td>CHF233.2m</td>
<td>CHF229.8m</td>
</tr>
<tr>
<td><strong>增長率估計來源</strong></td>
<td>分析師 x5</td>
<td>分析師 x5</td>
<td>分析師 x3</td>
<td>分析師 x1</td>
<td>分析師 x1</td>
<td>估計 @ -7.51%</td>
<td>估計 @ -5.11%</td>
<td>估計 @ -3.43%</td>
<td>估計 @ -2.26%</td>
<td>估計 @ -1.43%</td>
</tr>
<tr>
<td><strong>現值 (CHF, 百萬) 按 6.8% 折現</strong></td>
<td>CHF349</td>
<td>CHF328</td>
<td>CHF294</td>
<td>CHF217</td>
<td>CHF203</td>
<td>CHF176</td>
<td>CHF156</td>
<td>CHF141</td>
<td>CHF129</td>
<td>CHF119</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 估計)</em></p>
</div><p><strong>Present Value of 10-year Cash Flow (PVCF)</strong> = CHF2.1b</p>
<div class="lb-trans"><p><strong>10 年現金流現值 (PVCF)</strong> = CHF2.1b</p>
</div><p>The second stage is also known as Terminal Value, this is the business's cash flow after the first stage. For a number of reasons a very conservative growth rate is used that cannot exceed that of a country's GDP growth. In this case we have used the 5-year average of the 10-year government bond yield (0.5%) to estimate future growth. In the same way as with the 10-year 'growth' period, we discount future cash flows to today's value, using a cost of equity of 6.8%.</p>
<div class="lb-trans"><p>第二階段也稱為終值，這是第一階段之後的業務現金流。由於多種原因，使用的增長率非常保守，不能超過一個國家的 GDP 增長率。在這種情況下，我們使用了 10 年期國債收益率的 5 年平均值 (0.5%) 來估算未來增長。與 10 年的 “增長” 期一樣，我們將未來現金流折現到今天的價值，使用的股本成本為 6.8%。</p>
</div><p><strong>Terminal Value (TV)</strong> = FCF2035 × (1 + g) ÷ (r – g) = CHF230m× (1 + 0.5%) ÷ (6.8%– 0.5%) = CHF3.7b</p>
<div class="lb-trans"><p><strong>終值 (TV)</strong> = FCF2035 × (1 + g) ÷ (r – g) = CHF230m× (1 + 0.5%) ÷ (6.8%– 0.5%) = CHF3.7b</p>
</div><p><strong>Present Value of Terminal Value (PVTV)</strong> = TV / (1 + r) 10= CHF3.7b÷ ( 1 + 6.8%) 10= CHF1.9b</p>
<div class="lb-trans"><p><strong>終值現值 (PVTV)</strong> = TV / (1 + r) 10= CHF3.7b÷ ( 1 + 6.8%) 10= CHF1.9b</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 CHF4.0b. In the final step we divide the equity value by the number of shares outstanding. Compared to the current share price of CHF40.0, the company appears a touch undervalued at a 28% discount to where the stock price trades currently. The assumptions in any calculation have a big impact on the valuation, so it is better to view this as a rough estimate, not precise down to the last cent.</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，結果是總股權價值，在這種情況下為 CHF4.0b。在最後一步中，我們將股權價值除以流通股數。與當前股價 CHF40.0 相比，該公司似乎略微被低估，折扣為 28%。任何計算中的假設對估值有很大影響，因此最好將其視為粗略估計，而不是精確到最後一分。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/282640984-dcf-1-dark-2/1768981682266" alt="" original-src="https://images.simplywall.st/asset/chart/282640984-dcf-1-dark-2/1768981682266"/></p>
<p>SWX:SUNN Discounted Cash Flow January 21st 2026</p>
<div class="lb-trans"><p>SWX:SUNN 折現現金流 2026 年 1 月 21 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. 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 Sunrise Communications 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 6.8%, which is based on a levered beta of 1.490. 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。您不必同意這些輸入，我建議您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，因此並不能全面反映公司的潛在表現。鑑於我們將 Sunrise Communications 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 6.8%，這是基於 1.490 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 Sunrise Communications</p>
<div class="lb-trans"><p>查看我們對 Sunrise Communications 的最新分析</p>
</div><h3>SWOT Analysis for Sunrise Communications</h3>
<div class="lb-trans"><h3>Sunrise Communications 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 well covered by cash flow.</li>
</ul>
<div class="lb-trans"><ul>
<li>債務由現金流良好覆蓋。</li>
</ul>
</div><ul>
<li>Dividend is in the top 25% of dividend payers in the market.</li>
</ul>
<div class="lb-trans"><ul>
<li>股息在市場上屬於前 25% 的派息者。</li>
</ul>
</div><p>Dividend information for SUNN.</p>
<div class="lb-trans"><p>SUNN 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>Interest payments on debt are not well covered.</li>
</ul>
<div class="lb-trans"><ul>
<li>債務的利息支付覆蓋不足。</li>
</ul>
</div><p>What are analysts forecasting for SUNN?</p>
<div class="lb-trans"><p>分析師對 SUNN 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>Forecast to reduce losses next year.</li>
</ul>
<div class="lb-trans"><ul>
<li>預計明年將減少虧損。</li>
</ul>
</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>根據當前自由現金流，擁有超過 3 年的現金儲備。</li>
</ul>
</div><ul>
<li>Good value based on P/S ratio and estimated fair value.</li>
</ul>
<div class="lb-trans"><ul>
<li>根據市銷率和估計公允價值，具有良好的價值。</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 SUNN.</li>
</ul>
<div class="lb-trans"><ul>
<li>對 SUNN 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 shouldn't be the only metric you look at when researching a company. The DCF model is not a perfect stock valuation tool. 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. Can we work out why the company is trading at a discount to intrinsic value? For Sunrise Communications, there are three pertinent aspects you should explore:</p>
<div class="lb-trans"><p>雖然公司的估值很重要，但在研究一家公司時不應僅僅依賴這一指標。DCF 模型並不是一個完美的股票估值工具。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。我們能否找出為什麼該公司以低於內在價值的價格交易？對於 Sunrise Communications，有三個相關方面你應該探討：</p>
</div><ol>
<li><strong>Financial Health</strong>: Does SUNN 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 SUNN'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 High Quality Alternatives</strong>: Do you like a good all-rounder? Explore our interactive list of high quality stocks to get an idea of what else is out there you may be missing!</li>
</ol>
<div class="lb-trans"><ol>
<li><strong>財務健康</strong>：SUNN 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>：SUNN 的增長率與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據。</li>
<li><strong>其他高質量替代品</strong>：你喜歡全能型股票嗎？探索我們互動式的高質量股票列表，瞭解你可能錯過的其他投資機會！</li>
</ol>
</div><p>PS. Simply Wall St updates its DCF calculation for every Swiss 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 每天都會更新每隻瑞士股票的 DCF 計算，因此如果你想找到其他股票的內在價值，只需在這裏搜索。</p>
</div>

Sunrise Communications AG（VTX:SUNN）是否存在 28% 的低估值機會？