估值建模，是金融行业必备技能， 无论在一级（股权）、一级半（定增）、二级（IPO、并购重组）领 域，重要性都不用多言。 然而，目前市场上流传的估值建模体系在实战中，往往存在诸多问题： 1、 逻辑问题 ——表格数据超多，而缺少逻辑直观展示，做表格的研究员能看懂，而看表格的公司领 导往往一头雾水； 2、 估值方法搭配问题 ——DCF模型，和PE法、PB法、EV/EBITDA法、PS法、P/GMV、P/MAU、终 点估值法等各种方法，得出的结果可能大相径庭，这些方法该如何选择搭配、有机融合？ 3、 假设缺陷问题 ——DCF计算过程往往假设科目过多、甚至一些假设是拍脑袋得出，如何对各科 目，做出更加有理有据的假设？ 针对这些深入影响估值判断与决策沟通的关键难点， 梧桐课堂 特联合并购优塾，于 2025年7月19-20 日 在 上海 ，举办 《DCF现金流贴现-建模技能速成指南》 线下培训。 主讲嘉宾 ● 注册会计师、注册税务师 ● 4年审计经验、5年投研经验及估值建模经验 ● 曾为多家不同行业的公司进行财务建模，涉及家电行业（美XX、格XX、老XX）、互联网行业 （腾XX、阿XX、网XX等）、保险行业（中XX、中XX ...

● 龚梦泽 熊永红 7月11日，在乐道L90产品技术发布会后，蔚来创始人、董事长兼CEO李斌，蔚来联合创始人、总裁秦 力洪，蔚来高级副总裁、乐道汽车总裁沈斐一同接受了媒体群访。李斌表示，支撑乐道L90盈利性的首 要驱动力，来自蔚来在技术和规模效应驱动下的降本能力，"乐道的考核目标是实现经营利润，而非仅 仅追求销量。" 看好纯电路线 对当前市场热议的增程式技术路线，李斌表示："随着增程车电池越做越大，车内的油箱一年可能只用 一两次，用户每天实际上是在背着几百公斤的无效重量行驶在道路上。"在他看来，这不仅不符合经济 效益，也偏离了环保初衷。 据李斌介绍，支撑L90盈利性的首要驱动力，来自蔚来在技术和规模效应驱动下的降本能力。L90全系 搭载900V高压架构，这不仅提升了效能，也显著降低了线束用量。同时，通过应用蔚来自研的SiC功率 模块、高度集成化的热管理模块等关键技术整合设计，在保障性能的同时有效地降低了整车物料成本。 电池租赁模式成为另一关键环节。该模式通过将车电分离，一次性拉低了用户的购车门槛。蔚来通过长 期运营电池资产，在电池生命周期内实现价值最大化，创造增量收益。此外，与蔚来品牌平台共享驱动 电机，座椅 ...

HilleVax, Inc. (HLVX) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.Indi ...

Investors might want to bet on Eventbrite (EB) , as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.Since a changin ...

United Airlines (UAL) shares rallied 14.3% in the last trading session to close at $91.67. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 2% gain over the past four weeks.The upside was driven by optimism in the airline industry, which followed the better-than-expected second-quarter 2025 earnings results reported by Delta Air Lines ((DAL). Notably, DAL's earnings and revenue beat, apart from the restoration ...

【导读】蔚来港股、美股均大涨，李斌公布乐道 L90 预售价超预期 中国基金报记者 邱德坤 7 月 11 日，蔚来公司港股（蔚来 -SW ） 一度涨超 8% ，收盘涨幅接近 6% ； 7 月 10 日晚间，蔚来公司美股 （ NIO ） 收盘涨超 6% 。 | 29.200 43.3万(24) | | | | | | | --- | --- | --- | --- | --- | --- | | ਐੱਡ | 29.150 35.1万(19) | | | | | | द्रेन् 3 | 29.100 13.3万(17) | | | | | | श्रें प | 29.050 8.0万 (8) | | | | | | ત્રેર્ટ | 29.000 4.7万(35) | | | | | | 28.950 8.5万(12) | 25.200 | -8.70% -8.70% | | | | | 28.900 1.5万 (6) | 成交量 ▼ 1382万股 分时量:116.9万股↑ 现量:103.1万股 参考 | | | | | | 28.850 4.8万 (5) | द्रों, 8 | 117万 | | | | ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Let's take a look at what these Wall Street heavyweights have to say about AudioEye (AEYE) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.AudioEye currently has an average brokerage recommendation (ABR ...

The upcoming report from Alcoa (AA) is expected to reveal quarterly earnings of $0.30 per share, indicating an increase of 87.5% compared to the year-ago period. Analysts forecast revenues of $2.91 billion, representing an increase of 0.3% year over year.The consensus EPS estimate for the quarter has been revised 4.8% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Before a compan ...

今天大盘低开高走，到收盘涨幅回落。 大盘整体上涨，还在4.8星。 大中小盘股都上涨，小盘股上涨多一些。 价值风格下跌。 文 | 银行螺丝钉 （转载请注明出处） 银行指数盘中一度上涨，触及高估，不过随后银行指数大幅下跌。 拖累价值风格整体低迷。 银行指数下跌后，也暂时不太便宜。 成长风格高比较强势，医药医疗、生物科技上涨较多。 港股也整体上涨，港股科技领涨。 现在越来越有进入右侧的迹象了。 今年大盘、中小盘、价值、成长，都有表现的阶段。 不过随着上涨，像去年5点几星，低估品种一抓一大把的情况，现在也逐渐减少了。 机会是跌出来的，风险是涨出来的。 1. 有朋友问最近港股科技品种相对低迷，还会有发力的阶段么？ 港股科技股最近一年多的涨跌，其实比较有特点。 这里以港股科技指数为例。 港股科技相关的指数也比较多。 其中中证指数公司编制的是港股科技指数，成分股数量多一些（50只）。 恒生指数公司编制的是恒生科技指数，成分股数量少一些（30只上下）。 两个指数比较重合，估值位置也相似，区别在于港股科技股票更多，也增加了一些医药生物科技方面的股票。类似恒生科技+恒生医疗的效果。 像最近的美团阿里京东"外卖大战"，其实在港股科 ...

Protector Forsikring ASA (OTCPK:PSKRF) Q2 2025 Earnings Conference Call July 11, 2025 4:00 AM ET Company Participants Amund Skoglund - Corporate Participant Henrik Wold-Golfetto Hoye - Chief Executive Officer Henrik Wold-Golfetto Hoye Hello, and welcome to the Second Quarter 2025 Presentation of Results for Protector Forsikring. We have started the day, as always, with the employees in Protector, who are the ones who have delivered the results and we have obviously discussed our targets, profitable growth a ...