现金流 分析: AI 模型 for 所有者收益 and 自由现金流 估值
2026-03-28 · 基本面分析
Cash flow is harder to manipulate than earnings and provides a clearer picture of business value.
Owner Earnings Concept
Warren Buffett's owner earnings — net income plus depreciation minus maintenance capex — represents the true economic profit available to shareholders.
Cash Flow Quality
High earnings paired with weak operating cash flow is a red flag.
FCF Yield Valuation
Free cash flow yield relative to sector peers and historical ranges identifies attractively valued cash generators.