{"version":"1.0","provider_name":"Fortune Insight","provider_url":"https:\/\/prime.fortuneinsight.com\/web","author_name":"\u7a4dGod","author_url":"https:\/\/prime.fortuneinsight.com\/web\/posts\/author\/jakgod","title":"AAPL\u73fe\u50f9\u4f30\u503c(FCFF)\u5982\u4f55? - Fortune Insight","type":"rich","width":600,"height":338,"html":"<blockquote class=\"wp-embedded-content\"><a href=\"https:\/\/prime.fortuneinsight.com\/web\/posts\/549386\">AAPL\u73fe\u50f9\u4f30\u503c(FCFF)\u5982\u4f55?<\/a><\/blockquote>\n<script type='text\/javascript'>\n<!--\/\/--><![CDATA[\/\/><!--\n\t\t!function(c,d){\"use strict\";var e=!1,n=!1;if(d.querySelector)if(c.addEventListener)e=!0;if(c.wp=c.wp||{},!c.wp.receiveEmbedMessage)if(c.wp.receiveEmbedMessage=function(e){var t=e.data;if(t)if(t.secret||t.message||t.value)if(!\/[^a-zA-Z0-9]\/.test(t.secret)){for(var r,a,i,s=d.querySelectorAll('iframe[data-secret=\"'+t.secret+'\"]'),n=d.querySelectorAll('blockquote[data-secret=\"'+t.secret+'\"]'),o=0;o<n.length;o++)n[o].style.display=\"none\";for(o=0;o<s.length;o++)if(r=s[o],e.source===r.contentWindow){if(r.removeAttribute(\"style\"),\"height\"===t.message){if(1e3<(i=parseInt(t.value,10)))i=1e3;else if(~~i<200)i=200;r.height=i}if(\"link\"===t.message)if(a=d.createElement(\"a\"),i=d.createElement(\"a\"),a.href=r.getAttribute(\"src\"),i.href=t.value,i.host===a.host)if(d.activeElement===r)c.top.location.href=t.value}}},e)c.addEventListener(\"message\",c.wp.receiveEmbedMessage,!1),d.addEventListener(\"DOMContentLoaded\",t,!1),c.addEventListener(\"load\",t,!1);function t(){if(!n){n=!0;for(var e,t,r=-1!==navigator.appVersion.indexOf(\"MSIE 10\"),a=!!navigator.userAgent.match(\/Trident.*rv:11\\.\/),i=d.querySelectorAll(\"iframe.wp-embedded-content\"),s=0;s<i.length;s++){if(!(e=i[s]).getAttribute(\"data-secret\"))t=Math.random().toString(36).substr(2,10),e.src+=\"#?secret=\"+t,e.setAttribute(\"data-secret\",t);if(r||a)(t=e.cloneNode(!0)).removeAttribute(\"security\"),e.parentNode.replaceChild(t,e)}}}}(window,document);\n\/\/--><!]]>\n<\/script><iframe sandbox=\"allow-scripts\" security=\"restricted\" src=\"https:\/\/prime.fortuneinsight.com\/web\/posts\/549386\/embed\" width=\"600\" height=\"338\" title=\"&#8220;AAPL\u73fe\u50f9\u4f30\u503c(FCFF)\u5982\u4f55?&#8221; &#8212; Fortune Insight\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" class=\"wp-embedded-content\"><\/iframe>","thumbnail_url":"https:\/\/prime.fortuneinsight.com\/web\/wp-content\/uploads\/2021\/02\/FI_Prime_FB_Share_cover-500x263.jpg","thumbnail_width":500,"thumbnail_height":263,"description":"AAPL\u4eca\u5e74\u80a1\u50f9\u53ef\u4ee5\u7528\u300c\u60b6\u300d\u5b57\u4f86\u5f62\u5bb9\uff0cYTD\u8868\u73fe\u7d04-5%\u3002\u6628\u665a\u4e00\u5834WWDC\u767c\u4f48\u6703\u66f4\u88ab\u5916\u754c\u5f62\u5bb9\u6210\u53f2\u4e0a\u6700\u7121\u804aWWDC\uff0c\u9a5a\u559c\u7a0b\u5ea6\u6bd4\u8d77\u53bb\u5e74\u5927\u6e1b\uff0c\u6240\u4ee5\u5c0b\u665a\u80a1\u50f9\u90fd\u662f\u5b8c\u5168\u7121\u53cd\u61c9\u7684\u3002 \u7a76\u7adfAAPL\u73fe\u50f9\u5c6c\u65bc\u4ec0\u9ebc\u6c34\u5e73\u5462? \u56e0\u70baAAPL\u904e\u53bb5\u5e74\u90fd\u7a69\u5b9a\u5275\u9020\u81ea\u7531\u73fe\u91d1\u6d41\uff0c\u6240\u4ee5\u7528FCFF\u6a21\u578b\u8a08\u7b97\u5c31\u6700\u9069\u5408\u4e0d\u904e\u3002 \u85cd\u8272\u90e8\u4efd\u5148\u8f38\u5165Actual figure Source: https:\/\/app.koyfin.com\/fa\/fa.bs\/eq-o1antf FY2020\u71df\u6536: USD 274.51B Cash (including short-term investment): USD90.9B Long and short-term debts \u5206\u5225\u70baUSD98.7B &amp; USD15.2B Share outstanding: 16.93B https:\/\/www.macrotrends.net\/stocks\/charts\/AAPL\/apple\/shares-outstanding \u9ec3\u8272\u90e8\u4efd\u8f38\u5165Assumption: WACC: \u5df2\u7528\u6700\u9ad87.5% https:\/\/finbox.com\/NASDAQGS:AAPL\/models\/wacc Free cash flow\/ revenue %: \u904e\u53bb5\u5e74\u5e73\u5747\u503c\u70ba24% Growth rate: 2021Q1&amp;Q2\u7684\u540c\u6bd4\u589e\u901f\u70ba21% &amp; 54%\uff0c\u9810\u8a082021\u5e74\u540c\u6bd4\u589e\u957729%\uff0c29%\u9019\u500b\u6578\u662f\u6839\u64da36\u500b\u5206\u6790\u5e2b\u6240\u9810\u8a08\u7684\u5e73\u5747\u503c\u3002 https:\/\/app.koyfin.com\/estimates\/ert\/eq-o1antf \u4e4b\u5f8c2022\u5e74&amp;2023\u5e74\u5927\u7d04\u589e\u95774%\u5de6\u53f3\uff0c\u6211\u5047\u8a2d\u7b2c4-10\u5e74\u6bcf\u5e74\u589e\u95775%\uff0c\u4e4b\u5f8c\u7b2c11\u5e74\u4e4b\u5f8c\u589e\u9577\u53ea\u67093%\u3002 FCFF\u6a21\u578b\u8a08\u7b97\u51fa\u4f86\u7684\u80a1\u50f9\u70ba$124\uff0c\u8ddf\u73fe\u50f9$126\u5dee\u4e0d\u591a\uff0c\u7531\u6b64\u53ef\u898b\uff0c\u9664\u975eQ3 (Jun 2021)\u53caQ4 (Sep 2021)\uff0c\u589e\u9577\u6bd4\u9810\u671f\u66f4\u9ad8\uff0c\u5426\u5247AAPL\u73fe\u50f9\u4f30\u503c\u53ea\u5c6c\u65bc\u5408\u7406\u6c34\u5e73\u3002 \u56de\u8cfc\u8a3b\u92b7\u80a1\u4efd\u5c0dFCFF\u4f30\u503c\u6709\u5f71\u97ff\u55ce? AAPL\u9664\u4e86\u7528\u696d\u7e3e\u5e36\u52d5\u80a1\u50f9\u4e0a\u5347\u4e4b\u5916\uff0c\u904e\u5f80\u90fd\u6703\u901a\u904e\u56de\u8cfc\u8a3b\u92b7\u80a1\u4efd\u53bb\u4ee4\u80a1\u50f9\u4e0a\u5347\uff0cShare outstanding\u5448\u4e0b\u964d\u8da8\u52e2\uff0c\u53ea\u770b\u8f03\u8fd1\u671f2017\u5e74\u958b\u59cb\uff0c\u57fa\u672c\u4e0a\u6bcf\u5e74share outstanding \u90fd\u6703\u6e1b\u5c11 1B (10\u5104)\uff0c\u5047\u8a2d\u4e4b\u5f8c\u518d\u6e1b\u5c11\u7684\u8a71\uff0cFCF\u4f30\u503c\u6703\u6709\u5f71\u97ff\u55ce? [&hellip;]"}