我们如何为股票估值

QuantSoar 使用7个独立估值模型。每个模型提供对股票真实价值的不同视角，然后我们的AI整合这些结果以生成置信度评分。

DCF (Discounted Cash Flow)

适用于: 适用：自由现金流稳定的公司

Fair Value = PV(Future FCF) + Terminal Value - Net Debt per Share

输入项: Free Cash Flow, WACC, Growth Rate, Terminal Growth Rate

适用于: 适用：有长期盈利历史的公司

Fair Value = EPS × (8.5 + 2g) × (4.4 / AAA Yield)

输入项: EPS, Expected Growth Rate, AAA Corporate Bond Yield

适用于: 适用：P/E历史清晰的公司

Fair Value = 10-Year Average P/E × Current EPS

输入项: 10-Year Average P/E, Current EPS

适用于: 适用：尚未盈利的公司

Fair Value = 10-Year Average P/S × Revenue per Share

输入项: 10-Year Average P/S, Revenue, Shares Outstanding

适用于: Dividend aristocrats and income stocks

Fair Value = DPS × (1 + g) / (r - g)

输入项: Dividend Per Share, Growth Rate, Required Return

适用于: 适用：债务结构重要的资本密集型公司

Fair Value = (Industry EV/EBITDA × EBITDA - Net Debt) / Shares

输入项: EBITDA, Enterprise Value, Total Debt, Cash, Shares

适用于: Income-focused investors

Fair Value = Dividend Per Share / 5-Year Average Yield

输入项: Dividend Per Share, 5-Year Average Dividend Yield

运行所有7个模型后，我们的AI共识会考虑数据质量和每个模型的可靠性来计算加权置信度评分。