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- ck3378ck3378
  ·2021-09-07
  Testing
  787 评论
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- ck3378ck3378
  ·2021-08-27
  Good
  非常抱歉，此主贴已删除
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- ck3378ck3378
  ·2021-08-22
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  非常抱歉，此主贴已删除
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- ck3378ck3378
  ·2021-08-21
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  非常抱歉，此主贴已删除
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- ck3378ck3378
  ·2021-08-20
  Gogogo
  Alphabet: Fundamentally Undervalued, But There Is Something More
  Summary Given the growth of EPS and free cash flow, Alphabet does not look expensive now. Looking a
  Alphabet: Fundamentally Undervalued, But There Is Something More
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- ck3378ck3378
  ·2021-08-18
  Good
  非常抱歉，此主贴已删除
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- ck3378ck3378
  ·2021-08-18
  good
  非常抱歉，此主贴已删除
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- ck3378ck3378
  ·2021-08-17
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- ck3378ck3378
  ·2021-08-15
  Like pls
  How to value Nio's stock compared to Tesla, VW, Ford and other rivals
  Nio may be a relatively small company. But investors are bullish on the Chinese electric-vehicle maker's prospects.That might make sense to you as an investor -- after all, Nio is an innovative company that sells only electric vehicles. Ford is a legacy auto maker that is working to catch up and eventually make a full transition to electric vehicles. Shares of Nio have more than tripled in the past year, while Ford's have almost doubled after cratering in the previous decade.So where does Nio $$
  How to value Nio's stock compared to Tesla, VW, Ford and other rivals
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- ck3378ck3378
  ·2021-08-08
  Nio good to buy ?
  非常抱歉，此主贴已删除
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10:28","market":"us","language":"en","title":"Alphabet: Fundamentally Undervalued, But There Is Something More","url":"https://stock-news.laohu8.com/highlight/detail?id=1160234318","media":"seekingalpha","summary":"Summary\n\nGiven the growth of EPS and free cash flow, Alphabet does not look expensive now.\nLooking a","content":"<p><b>Summary</b></p>\n<ul>\n <li>Given the growth of EPS and free cash flow, Alphabet does not look expensive now.</li>\n <li>Looking at the forward multiples, especially in the context of expected EPS and revenue growth, the market is pulling Alphabet down.</li>\n <li>The company is still undervalued in the context of the present value of the potential future FCF volume.</li>\n <li>The current state of the market in many aspects has reached extreme points and this is a cause for concern.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/76349c9ab8f3f6331a583172e492e24c\" tg-width=\"1536\" tg-height=\"1024\" width=\"100%\" height=\"auto\"><span>400tmax/iStock Unreleased via Getty Images</span></p>\n<p><b>Thesis</b></p>\n<p>Among the companies from the FAAMG list, Alphabet (GOOG) (GOOGL) has shown the highest price return since the beginning of the year. However, maintaining the current rate of growth of the company's market capitalization looks doubtful. Moreover, the main reasons for these doubts do not relate directly to Alphabet.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ca2bf5977f084e40231c372ea4e953f7\" tg-width=\"635\" tg-height=\"371\" width=\"100%\" height=\"auto\"><span>Data byYCharts</span></p>\n<p><b>Is Alphabet just growing or accelerating?</b></p>\n<p>Alphabet started publishing disaggregated revenue data relatively recently, but even that data is enough to see how rapidly growth in the key segments of the company's business has accelerated over the past three quarters:</p>\n<p><img src=\"https://static.tigerbbs.com/7ef18c5c0d152abd360d4e1e6a5f7d86\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>\n<p><img src=\"https://static.tigerbbs.com/de1a4870a4261ce5e4ff958b006d6b05\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d229d96e3f324a3dbdb1f72b52c1c5b3\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"><span>Source:VisualizedAnalytics.com</span></p>\n<p>If we talk about revenue in general, then there is now an exponential growth. Moreover, the result of the last quarter turned out to be above the long-term trend:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2943b4f848efdba9f29e35d2f37a14d3\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"><span>Source:VisualizedAnalytics.com</span></p>\n<p><i>Of course, this is a consequence of the increased interest in digital advertising during the phase of the end of the coronavirus pandemic. Basically, this was the</i>&nbsp;<i>expected</i>&nbsp;<i>effect.</i></p>\n<p><b>Market Cap vs Financial Results</b></p>\n<p>The most rough version of evaluating the current market price of a company is to analyze the mutual dynamics of changes in the size of capitalization and key operating indicators.</p>\n<p>Over the last decade, Alphabet's capitalization has been in a qualitative linear relationship with its revenue TTM absolute size. And this relationship indicates an overvalued state of the company even in the context of the expected results of the next three quarters:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6147fa35fc829f5dcb156557895e67f4\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"><span>Source:VisualizedAnalytics.com</span></p>\n<p>But in the case of EPS, Alphabet's current market cap is fairly balanced:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3368b0fde66f762da5b38fb54e0eebce\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"><span>Source:VisualizedAnalytics.com</span></p>\n<p>The relationship between capitalization and free cash flow turns out to be of the highest quality. And this relationship also confirms the balanced state of the company's current price:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/34dbd99f491ef12b268f9c0d597e2ced\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"><span>Source:VisualizedAnalytics.com</span></p>\n<p><i>So, at first glance, given the growth of EPS and free cash flow, the company does not look expensive now. And this is impressive.</i></p>\n<p><b>Comparative Valuation</b></p>\n<p>Comparative analysis of Alphabet's multiples did not give an unambiguous result. But it revealed one characteristic detail, which should be discussed.</p>\n<p>Comparing Alphabet to a broad sample of tech companies through historical multiples, it can be concluded that the company is in balance with the market.</p>\n<p>This is indicated by the EV/EBITDA multiple:</p>\n<p><img src=\"https://static.tigerbbs.com/1041e7dcef35b920b35acfbfd9f692c4\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/df80b3691561bd0413d9fd70ba6ba2b1\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"><span>Source:VisualizedAnalytics.com</span></p>\n<p>And the EV/FCF multiple:</p>\n<p><img src=\"https://static.tigerbbs.com/d6bfbb2e5f3b01ff92ccb097f52d3e1d\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bfe8094ed0774076017dc9c6311f91d4\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"><span>Source:VisualizedAnalytics.com</span></p>\n<p>But if we turn to the forward multiples,<i>they will not allow us to draw such a conclusion</i>. So, judging by the Forward P/S (next FY) multiple, Alphabet is overvalued by 25%:</p>\n<p><img src=\"https://static.tigerbbs.com/eecbffc5c6a6c5dd6a4c660076fcac73\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9522696b884da86938cbd5552fcc5feb\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"><span>Source:VisualizedAnalytics.com</span></p>\n<p>If we adjust this multiple for the expected growth rate, the result will not change much:</p>\n<p><img src=\"https://static.tigerbbs.com/fe20a41142f56a3b67d470198521488a\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5cb5901359f0343da4135b9e99782564\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"><span>Source:VisualizedAnalytics.com</span></p>\n<p>Judging by the forward P/E (next FY) multiple, Alphabet is balanced:</p>\n<p><img src=\"https://static.tigerbbs.com/8d8c203a8e7992753f480acea8dc104d\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ceb3882c35c854fe5209649a8e43ffb9\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"><span>Source:VisualizedAnalytics.com</span></p>\n<p>But, the growth-adjusted forward P/E multiple indicates overvaluation:</p>\n<p><img src=\"https://static.tigerbbs.com/ab1456724d050ce5158dc999cf4712c6\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7ae370ac3d9070d29c50075d95845b3a\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"><span>Source:VisualizedAnalytics.com</span></p>\n<p><i>As you can see, if we compare Alphabet in the context of the current multiples, then the company is quite adequately assessed. But if you look at the forward multiples, and especially in the context of the expected growth rates of EPS and revenue, then the market is pulling Alphabet down.</i></p>\n<p><b>Fundamental Valuation (DCF model)</b></p>\n<p>To forecast Alphabet's revenue for the next decade, I used the current averageestimatesof analysts. Importantly, sentiment about Alphabet's future growth has improved significantly this year:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4d9fe4f01e79caf2ec0eb3ff42bcd62b\" tg-width=\"640\" tg-height=\"284\" width=\"100%\" height=\"auto\"><span>Source: Seeking Alpha Pro</span></p>\n<p>Operating margins have also jumped recently:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8265910d416d9c95f4544e6db5a18d55\" tg-width=\"635\" tg-height=\"371\" width=\"100%\" height=\"auto\"><span>Data byYCharts</span></p>\n<p>But the model is based on the assumption that the operating margin over the next 10 years will gradually decline from 26% to 21% in the terminal year. This is the standard approach, assuming increased competition in the industry.</p>\n<p>Here is the calculation of the Weighted Average Cost of Capital:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2eec731cefc1f1305b7f2a8ddd9863e6\" tg-width=\"434\" tg-height=\"385\" width=\"100%\" height=\"auto\"><span>Source: Author</span></p>\n<p>Some explanations:</p>\n<ul>\n <li>In order to calculate the market rate of return, I used values of equityriskpremium (4.72%) and the current yield of UST10 as a risk-free rate (1.25%).</li>\n <li>I used the currentvalueof the three-year beta coefficient. For the terminal year, I used Beta equal to 1.</li>\n <li>To calculate the Cost of Debt, I used the interest expense for 2019 and 2020 divided by the debt value for the same years.</li>\n</ul>\n<p>When building the model, I used the following key assumptions:</p>\n<ul>\n <li>The relative size of CAPEX will be at the average of the previous six years (14%).</li>\n <li>The averagetax ratewill amount to 26%.</li>\n</ul>\n<p>And, here's the model itself:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b39411acd119f583bda3362999499f95\" tg-width=\"640\" tg-height=\"497\" width=\"100%\" height=\"auto\"><span>(high resolution)Source: Author</span></p>\n<p><i>The DCF-based target price of Alphabet's shares is $4,430, offering ~62% upside. But, if we moderate the forecast for the operating margin and suppose that UST10 rises to 2%, then the growth potential drops to approximately 30%. This, however, is also a positive result.</i></p>\n<p>Technical picture</p>\n<p>Most stocks and indices follow their exponential trend, which tends to be well-identified on the graph with log y-axis. Let's take a look at Alphabet this way:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bec0b304aec5fd73b20552517ddf8d54\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"><span>Source:VisualizedAnalytics.com</span></p>\n<p>Starting from 2010, Alphabet's stock price had been following its long-term exponential trend. But now the company's stock price is above this trend by two standard deviations.<i>It means that Alphabet's stock price is growing at a faster than exponential rate. Generally speaking, it indicates an unstable state.</i></p>\n<p>But, sometimes this is a signal that the price intends to grow in this way and further. A prime example is Microsoft (MSFT), which overtook its long-term exponential trend last year:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/acc09617c1d8eb3259b2f778c531b1cb\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"><span>Source:VisualizedAnalytics.com</span></p>\n<p><b>Dynamics of risks</b></p>\n<p>The risks that will be discussed in this block do not relate to the company itself, but to the market as a whole.</p>\n<p>The capitalization of Alphabet now accounts for about 4.3% of the capitalization of the entire US stock market. At the beginning of the year, this figure barely exceeded 3%:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9303db3db81e41dd706bdfd5e999185e\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"><span>Source:VisualizedAnalytics.com</span></p>\n<p></p>\n<p>Only Apple (AAPL) and Microsoft have comparable shares...</p>\n<p>Further, over the past 14 years, the value of the Nasdaq index as a percentage of the S&amp;P 500 index has grown from 175% to 330%. Moreover, the dynamics of the last few quarters suggest that this trend has reached a certain ceiling:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/264902a1ecd03164d6b1d969f99f8543\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"><span>Source:VisualizedAnalytics.com</span></p>\n<p></p>\n<p>At the same time, microcycles allow us to expect that the market is entering a phase of increased volatility and tighter monetary policy:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d33e233159547a9eda0b4d79ebb8db81\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"><span>Source:VisualizedAnalytics.com</span></p>\n<p>And it was the ultra-soft monetary policy that allowed the US stock market to reach its current record level relative to GDP:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/cae2307c42c76775fc9ae39cf8d6cb14\" tg-width=\"720\" tg-height=\"500\" width=\"100%\" height=\"auto\"><span>Source: cmegroup.com</span></p>\n<p><i>In short, the current state of the market in many aspects has reached extreme points and this is a cause for concern.</i></p>\n<p><b>Bottom line</b></p>\n<p>Looking at the results that Alphabet has shown in the last two quarters, the company's current price is not surprising.</p>\n<p>But the continuation of this growth at the same rates does not seem so obvious anymore. Especially with an eye to the general market situation and the expectation of a tightening of monetary policy in the US. On the whole, a neutral rating suggests itself.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alphabet: Fundamentally Undervalued, But There Is Something More</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlphabet: Fundamentally Undervalued, But There Is Something More\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-20 10:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4450520-alphabet-fundamentally-undervalued-but-there-is-something-more><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nGiven the growth of EPS and free cash flow, Alphabet does not look expensive now.\nLooking at the forward multiples, especially in the context of expected EPS and revenue growth, the market is...</p>\n\n<a href=\"https://seekingalpha.com/article/4450520-alphabet-fundamentally-undervalued-but-there-is-something-more\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GOOG":"谷歌","GOOGL":"谷歌A"},"source_url":"https://seekingalpha.com/article/4450520-alphabet-fundamentally-undervalued-but-there-is-something-more","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1160234318","content_text":"Summary\n\nGiven the growth of EPS and free cash flow, Alphabet does not look expensive now.\nLooking at the forward multiples, especially in the context of expected EPS and revenue growth, the market is pulling Alphabet down.\nThe company is still undervalued in the context of the present value of the potential future FCF volume.\nThe current state of the market in many aspects has reached extreme points and this is a cause for concern.\n\n400tmax/iStock Unreleased via Getty Images\nThesis\nAmong the companies from the FAAMG list, Alphabet (GOOG) (GOOGL) has shown the highest price return since the beginning of the year. However, maintaining the current rate of growth of the company's market capitalization looks doubtful. Moreover, the main reasons for these doubts do not relate directly to Alphabet.\nData byYCharts\nIs Alphabet just growing or accelerating?\nAlphabet started publishing disaggregated revenue data relatively recently, but even that data is enough to see how rapidly growth in the key segments of the company's business has accelerated over the past three quarters:\n\n\nSource:VisualizedAnalytics.com\nIf we talk about revenue in general, then there is now an exponential growth. Moreover, the result of the last quarter turned out to be above the long-term trend:\nSource:VisualizedAnalytics.com\nOf course, this is a consequence of the increased interest in digital advertising during the phase of the end of the coronavirus pandemic. Basically, this was the expected effect.\nMarket Cap vs Financial Results\nThe most rough version of evaluating the current market price of a company is to analyze the mutual dynamics of changes in the size of capitalization and key operating indicators.\nOver the last decade, Alphabet's capitalization has been in a qualitative linear relationship with its revenue TTM absolute size. And this relationship indicates an overvalued state of the company even in the context of the expected results of the next three quarters:\nSource:VisualizedAnalytics.com\nBut in the case of EPS, Alphabet's current market cap is fairly balanced:\nSource:VisualizedAnalytics.com\nThe relationship between capitalization and free cash flow turns out to be of the highest quality. And this relationship also confirms the balanced state of the company's current price:\nSource:VisualizedAnalytics.com\nSo, at first glance, given the growth of EPS and free cash flow, the company does not look expensive now. And this is impressive.\nComparative Valuation\nComparative analysis of Alphabet's multiples did not give an unambiguous result. But it revealed one characteristic detail, which should be discussed.\nComparing Alphabet to a broad sample of tech companies through historical multiples, it can be concluded that the company is in balance with the market.\nThis is indicated by the EV/EBITDA multiple:\n\nSource:VisualizedAnalytics.com\nAnd the EV/FCF multiple:\n\nSource:VisualizedAnalytics.com\nBut if we turn to the forward multiples,they will not allow us to draw such a conclusion. So, judging by the Forward P/S (next FY) multiple, Alphabet is overvalued by 25%:\n\nSource:VisualizedAnalytics.com\nIf we adjust this multiple for the expected growth rate, the result will not change much:\n\nSource:VisualizedAnalytics.com\nJudging by the forward P/E (next FY) multiple, Alphabet is balanced:\n\nSource:VisualizedAnalytics.com\nBut, the growth-adjusted forward P/E multiple indicates overvaluation:\n\nSource:VisualizedAnalytics.com\nAs you can see, if we compare Alphabet in the context of the current multiples, then the company is quite adequately assessed. But if you look at the forward multiples, and especially in the context of the expected growth rates of EPS and revenue, then the market is pulling Alphabet down.\nFundamental Valuation (DCF model)\nTo forecast Alphabet's revenue for the next decade, I used the current averageestimatesof analysts. Importantly, sentiment about Alphabet's future growth has improved significantly this year:\nSource: Seeking Alpha Pro\nOperating margins have also jumped recently:\nData byYCharts\nBut the model is based on the assumption that the operating margin over the next 10 years will gradually decline from 26% to 21% in the terminal year. This is the standard approach, assuming increased competition in the industry.\nHere is the calculation of the Weighted Average Cost of Capital:\nSource: Author\nSome explanations:\n\nIn order to calculate the market rate of return, I used values of equityriskpremium (4.72%) and the current yield of UST10 as a risk-free rate (1.25%).\nI used the currentvalueof the three-year beta coefficient. For the terminal year, I used Beta equal to 1.\nTo calculate the Cost of Debt, I used the interest expense for 2019 and 2020 divided by the debt value for the same years.\n\nWhen building the model, I used the following key assumptions:\n\nThe relative size of CAPEX will be at the average of the previous six years (14%).\nThe averagetax ratewill amount to 26%.\n\nAnd, here's the model itself:\n(high resolution)Source: Author\nThe DCF-based target price of Alphabet's shares is $4,430, offering ~62% upside. But, if we moderate the forecast for the operating margin and suppose that UST10 rises to 2%, then the growth potential drops to approximately 30%. This, however, is also a positive result.\nTechnical picture\nMost stocks and indices follow their exponential trend, which tends to be well-identified on the graph with log y-axis. Let's take a look at Alphabet this way:\nSource:VisualizedAnalytics.com\nStarting from 2010, Alphabet's stock price had been following its long-term exponential trend. But now the company's stock price is above this trend by two standard deviations.It means that Alphabet's stock price is growing at a faster than exponential rate. Generally speaking, it indicates an unstable state.\nBut, sometimes this is a signal that the price intends to grow in this way and further. A prime example is Microsoft (MSFT), which overtook its long-term exponential trend last year:\nSource:VisualizedAnalytics.com\nDynamics of risks\nThe risks that will be discussed in this block do not relate to the company itself, but to the market as a whole.\nThe capitalization of Alphabet now accounts for about 4.3% of the capitalization of the entire US stock market. At the beginning of the year, this figure barely exceeded 3%:\nSource:VisualizedAnalytics.com\n\nOnly Apple (AAPL) and Microsoft have comparable shares...\nFurther, over the past 14 years, the value of the Nasdaq index as a percentage of the S&P 500 index has grown from 175% to 330%. Moreover, the dynamics of the last few quarters suggest that this trend has reached a certain ceiling:\nSource:VisualizedAnalytics.com\n\nAt the same time, microcycles allow us to expect that the market is entering a phase of increased volatility and tighter monetary policy:\nSource:VisualizedAnalytics.com\nAnd it was the ultra-soft monetary policy that allowed the US stock market to reach its current record level relative to GDP:\nSource: cmegroup.com\nIn short, the current state of the market in many aspects has reached extreme points and this is a cause for concern.\nBottom line\nLooking at the results that Alphabet has shown in the last two quarters, the company's current price is not surprising.\nBut the continuation of this growth at the same rates does not seem so obvious anymore. Especially with an eye to the general market situation and the expectation of a tightening of monetary policy in the US. On the whole, a neutral rating suggests itself.","news_type":1},"isVote":1,"tweetType":1,"viewCount":658,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":831364205,"gmtCreate":1629289944607,"gmtModify":1633685957690,"author":{"id":"4089973935760810","authorId":"4089973935760810","name":"ck3378","avatar":"https://static.tigerbbs.com/08469d919316a1d02875a7ed6b2cf41d","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089973935760810","authorIdStr":"4089973935760810"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/831364205","repostId":"1152812573","repostType":4,"isVote":1,"tweetType":1,"viewCount":718,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":831364012,"gmtCreate":1629289919336,"gmtModify":1633685958015,"author":{"id":"4089973935760810","authorId":"4089973935760810","name":"ck3378","avatar":"https://static.tigerbbs.com/08469d919316a1d02875a7ed6b2cf41d","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089973935760810","authorIdStr":"4089973935760810"},"themes":[],"htmlText":"good","listText":"good","text":"good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/831364012","repostId":"1157810640","repostType":4,"isVote":1,"tweetType":1,"viewCount":652,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":839791491,"gmtCreate":1629179615813,"gmtModify":1633686771272,"author":{"id":"4089973935760810","authorId":"4089973935760810","name":"ck3378","avatar":"https://static.tigerbbs.com/08469d919316a1d02875a7ed6b2cf41d","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089973935760810","authorIdStr":"4089973935760810"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/839791491","repostId":"1104851535","repostType":4,"isVote":1,"tweetType":1,"viewCount":498,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":830922240,"gmtCreate":1629002729380,"gmtModify":1633688018273,"author":{"id":"4089973935760810","authorId":"4089973935760810","name":"ck3378","avatar":"https://static.tigerbbs.com/08469d919316a1d02875a7ed6b2cf41d","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089973935760810","authorIdStr":"4089973935760810"},"themes":[],"htmlText":"Like pls&nbsp;","listText":"Like pls&nbsp;","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/830922240","repostId":"2159214569","repostType":4,"repost":{"id":"2159214569","kind":"highlight","pubTimestamp":1628989290,"share":"https://www.laohu8.com/m/news/2159214569?lang=&edition=full","pubTime":"2021-08-15 09:01","market":"us","language":"en","title":"How to value Nio's stock compared to Tesla, VW, Ford and other rivals","url":"https://stock-news.laohu8.com/highlight/detail?id=2159214569","media":"MarkeWatch","summary":"Nio may be a relatively small company. But investors are bullish on the Chinese electric-vehicle maker's prospects.That might make sense to you as an investor -- after all, Nio is an innovative company that sells only electric vehicles. Ford is a legacy auto maker that is working to catch up and eventually make a full transition to electric vehicles. Shares of Nio have more than tripled in the past year, while Ford's have almost doubled after cratering in the previous decade.So where does Nio $$","content":"<p>Nio may be a relatively small company. But investors are bullish on the Chinese electric-vehicle maker's prospects.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/459f713c5dfcf08752165d643a5f1463\" tg-width=\"700\" tg-height=\"525\" width=\"100%\" height=\"auto\"><span>A Nio store in downtown Shanghai. (Getty Images)</span></p>\n<p>Chinese electric-vehicle maker Nio Inc., which sells no cars in the U.S., has a market capitalization of $60.2 billion. By that measure, it is larger than Ford Motor Co., which was founded in 1903.</p>\n<p>That might make sense to you as an investor -- after all, Nio is an innovative company that sells only electric vehicles. Ford is a legacy auto maker that is working to catch up and eventually make a full transition to electric vehicles. Shares of Nio have more than tripled in the past year, while Ford's have almost doubled after cratering in the previous decade.</p>\n<p>So where does Nio <a href=\"https://laohu8.com/S/NIO\">$(NIO)$</a>, which reported second-quarter results after the stock market closes Wednesday, fit in an investment thesis? Below are screens showing how its stock valuation compares to vehicle production, and how that valuation relates to projected earnings through 2025.</p>\n<p><b>Doubling car production</b></p>\n<p>For the second quarter, Nio delivered 21,896 vehicles for a 112% increase from a year earlier. The growth is impressive, but the total number of vehicles sold is still relatively small.</p>\n<p>Here's a look at the 10 largest auto makers by market capitalization, along with their second-quarter sales or delivery numbers (whichever was higher, if both were reported) and additional color below the table:</p>\n<img src=\"https://static.tigerbbs.com/d9e9aed76c94544dbe44cde9f7c8bebc\" tg-width=\"931\" tg-height=\"761\" width=\"100%\" height=\"auto\">\n<table>\n <tbody>\n  <tr></tr>\n </tbody>\n</table>\n<p>You can see that those valuations are about the future, when innovators in the EV space -- Tesla Inc.&nbsp;and Nio, on this list -- may (or may not) become as large as legacy players.</p>\n<p>For now, Ford churns out mostly internal combustion engine&nbsp;vehicles at nearly 35 times the rate that Nio makes EVs.</p>\n<p>One thing to be aware of is that the legacy auto makers don't all report their unit sales the same way. Most don't break out electric vehicle sales.</p>\n<p>Among those that do, definitions vary. For example, Toyota Motor Corp. (7203.TO) reported that \"electrified vehicle\" sales made up 26.6% of total auto sales during the second quarter. But that category includes:</p>\n<p>For Toyota, BEV made up only 0.2% of second-quarter sales, while they accounted for 100% of sales for Nio and Tesla. Toyota's PHEV sales made up 1.4% of the total.</p>\n<p>Volkswagen AG reports electric-vehicle sales as including PHEV, which accounted for 6.7% of second-quarter sales, or BEV, which made up 4.4% of total sales. Those are impressive numbers: a combined 11.1%.</p>\n<p>For Bayerische Motoren Werke Aktiengesellschaft , better known as BWM Group, a second-quarter breakdown of electric-vehicle deliveries isn't yet available, but for the first half of 2021, 153,243 all-electric or plug-in hybrid vehicles were delivered, or 11.4% of total deliveries.</p>\n<p><b>Valuation to earnings estimates</b></p>\n<p>For companies at early stages, comparisons of price-to-earnings ratios may not mean very much. Such companies are focusing on growth rather than profits. An example of this has been Amazon.com Inc. <a href=\"https://laohu8.com/S/AMZN\">$(AMZN)$</a>, which has traded at a high P/E for decades as it has worked to expand into new lines of business, at the expense of the bottom line.</p>\n<p>A high P/E ratio can reflect investors' enthusiasm for innovation and in the case of EVs, a political consensus for transforming the industry. So Nio and Tesla trade at much higher P/E ratios than the legacy auto makers.</p>\n<p>Then again, very low P/E may show too much contempt among investors for the older manufacturers, as they use their cash flow from continuing massive sales of traditional vehicles to fund their development of EVs. Opportunities may be highlighted.</p>\n<p>Normally a forward P/E ratio is calculated by dividing the share price by a rolling consensus estimate of earnings per share for 12 months. This isn't available for all the companies listed here, so we're using consensus estimates for net income for calendar 2022.</p>\n<p>First, here are P/E ratios based on current market caps and consensus 2022 estimates among analysts polled by FactSet. The table includes the annual estimates going out to 2025, and also a P/E based on current market caps and the 2025 estimates:</p>\n<img src=\"https://static.tigerbbs.com/459439c822252d09b3dfb73cc5d51211\" tg-width=\"1058\" tg-height=\"743\" width=\"100%\" height=\"auto\">\n<p>Nio is expected to become profitable in 2023. Looking out to 2024, its forward P/E is lower than that of Tesla. To put the forward P/E valuations in perspective, the S&amp;P 500 Index trades for a weighted 20.5 times consensus 2022 EPS estimates.</p>\n<p><b>Valuation to sales</b></p>\n<table>\n <tbody>\n  <tr></tr>\n  <tr></tr>\n </tbody>\n</table>\n<p>Forward price-to-sales estimates might be more useful for early-stage companies that are showing low profits or net losses. Then again, the same distortions apply: Investors love the pure-play EV makers now, and may be paying too much for them when you consider that shares of Nio have more than tripled over the past year, while Tesla's stock has risen 150%.</p>\n<p>Here's a similar set of data driving price-to-sale ratios, again using current market caps (in the first table at the top of this article) and consensus full-calendar-year estimates in millions of U.S. dollars:</p>\n<img src=\"https://static.tigerbbs.com/c8c0b7d002e07914e42fcdf0e624b25c\" tg-width=\"1051\" tg-height=\"668\" width=\"100%\" height=\"auto\">\n<p>For reference, the S&amp;P 500 trades for 2.7 times its consensus 2022 sales estimate.</p>\n<table>\n <tbody>\n  <tr></tr>\n </tbody>\n</table>\n<p><b>Analysts' opinions</b></p>\n<p>Here's a summary of opinion of the 10 auto makers among analysts polled by FactSet. For companies with primary listings outside the U.S., the local tickers are used. All share prices and targets are in local currencies:</p>\n<img src=\"https://static.tigerbbs.com/32f38063eabf2e93f73561a0454a44ac\" tg-width=\"1059\" tg-height=\"639\" width=\"100%\" height=\"auto\">\n<table>\n <tbody>\n  <tr></tr>\n </tbody>\n</table>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>How to value Nio's stock compared to Tesla, VW, Ford and other rivals</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHow to value Nio's stock compared to Tesla, VW, Ford and other rivals\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-15 09:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/nio-releases-earnings-wednesday-heres-how-to-value-its-stock-compared-to-tesla-ford-and-other-rivals-11628716814?mod=mw_quote_news><strong>MarkeWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Nio may be a relatively small company. But investors are bullish on the Chinese electric-vehicle maker's prospects.\nA Nio store in downtown Shanghai. (Getty Images)\nChinese electric-vehicle maker Nio ...</p>\n\n<a href=\"https://www.marketwatch.com/story/nio-releases-earnings-wednesday-heres-how-to-value-its-stock-compared-to-tesla-ford-and-other-rivals-11628716814?mod=mw_quote_news\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GM":"通用汽车","NIO":"蔚来","STLA":"Stellantis NV","TSLA":"特斯拉","HMC":"本田汽车","F":"福特汽车"},"source_url":"https://www.marketwatch.com/story/nio-releases-earnings-wednesday-heres-how-to-value-its-stock-compared-to-tesla-ford-and-other-rivals-11628716814?mod=mw_quote_news","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2159214569","content_text":"Nio may be a relatively small company. But investors are bullish on the Chinese electric-vehicle maker's prospects.\nA Nio store in downtown Shanghai. (Getty Images)\nChinese electric-vehicle maker Nio Inc., which sells no cars in the U.S., has a market capitalization of $60.2 billion. By that measure, it is larger than Ford Motor Co., which was founded in 1903.\nThat might make sense to you as an investor -- after all, Nio is an innovative company that sells only electric vehicles. Ford is a legacy auto maker that is working to catch up and eventually make a full transition to electric vehicles. Shares of Nio have more than tripled in the past year, while Ford's have almost doubled after cratering in the previous decade.\nSo where does Nio $(NIO)$, which reported second-quarter results after the stock market closes Wednesday, fit in an investment thesis? Below are screens showing how its stock valuation compares to vehicle production, and how that valuation relates to projected earnings through 2025.\nDoubling car production\nFor the second quarter, Nio delivered 21,896 vehicles for a 112% increase from a year earlier. The growth is impressive, but the total number of vehicles sold is still relatively small.\nHere's a look at the 10 largest auto makers by market capitalization, along with their second-quarter sales or delivery numbers (whichever was higher, if both were reported) and additional color below the table:\n\n\n\n\n\n\nYou can see that those valuations are about the future, when innovators in the EV space -- Tesla Inc. and Nio, on this list -- may (or may not) become as large as legacy players.\nFor now, Ford churns out mostly internal combustion engine vehicles at nearly 35 times the rate that Nio makes EVs.\nOne thing to be aware of is that the legacy auto makers don't all report their unit sales the same way. Most don't break out electric vehicle sales.\nAmong those that do, definitions vary. For example, Toyota Motor Corp. (7203.TO) reported that \"electrified vehicle\" sales made up 26.6% of total auto sales during the second quarter. But that category includes:\nFor Toyota, BEV made up only 0.2% of second-quarter sales, while they accounted for 100% of sales for Nio and Tesla. Toyota's PHEV sales made up 1.4% of the total.\nVolkswagen AG reports electric-vehicle sales as including PHEV, which accounted for 6.7% of second-quarter sales, or BEV, which made up 4.4% of total sales. Those are impressive numbers: a combined 11.1%.\nFor Bayerische Motoren Werke Aktiengesellschaft , better known as BWM Group, a second-quarter breakdown of electric-vehicle deliveries isn't yet available, but for the first half of 2021, 153,243 all-electric or plug-in hybrid vehicles were delivered, or 11.4% of total deliveries.\nValuation to earnings estimates\nFor companies at early stages, comparisons of price-to-earnings ratios may not mean very much. Such companies are focusing on growth rather than profits. An example of this has been Amazon.com Inc. $(AMZN)$, which has traded at a high P/E for decades as it has worked to expand into new lines of business, at the expense of the bottom line.\nA high P/E ratio can reflect investors' enthusiasm for innovation and in the case of EVs, a political consensus for transforming the industry. So Nio and Tesla trade at much higher P/E ratios than the legacy auto makers.\nThen again, very low P/E may show too much contempt among investors for the older manufacturers, as they use their cash flow from continuing massive sales of traditional vehicles to fund their development of EVs. Opportunities may be highlighted.\nNormally a forward P/E ratio is calculated by dividing the share price by a rolling consensus estimate of earnings per share for 12 months. This isn't available for all the companies listed here, so we're using consensus estimates for net income for calendar 2022.\nFirst, here are P/E ratios based on current market caps and consensus 2022 estimates among analysts polled by FactSet. The table includes the annual estimates going out to 2025, and also a P/E based on current market caps and the 2025 estimates:\n\nNio is expected to become profitable in 2023. Looking out to 2024, its forward P/E is lower than that of Tesla. To put the forward P/E valuations in perspective, the S&P 500 Index trades for a weighted 20.5 times consensus 2022 EPS estimates.\nValuation to sales\n\n\n\n\n\n\nForward price-to-sales estimates might be more useful for early-stage companies that are showing low profits or net losses. Then again, the same distortions apply: Investors love the pure-play EV makers now, and may be paying too much for them when you consider that shares of Nio have more than tripled over the past year, while Tesla's stock has risen 150%.\nHere's a similar set of data driving price-to-sale ratios, again using current market caps (in the first table at the top of this article) and consensus full-calendar-year estimates in millions of U.S. dollars:\n\nFor reference, the S&P 500 trades for 2.7 times its consensus 2022 sales estimate.\n\n\n\n\n\nAnalysts' opinions\nHere's a summary of opinion of the 10 auto makers among analysts polled by FactSet. For companies with primary listings outside the U.S., the local tickers are used. All share prices and targets are in local currencies:","news_type":1},"isVote":1,"tweetType":1,"viewCount":868,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":891818154,"gmtCreate":1628377957478,"gmtModify":1633751443235,"author":{"id":"4089973935760810","authorId":"4089973935760810","name":"ck3378","avatar":"https://static.tigerbbs.com/08469d919316a1d02875a7ed6b2cf41d","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089973935760810","authorIdStr":"4089973935760810"},"themes":[],"htmlText":"Nio good to buy ?","listText":"Nio good to buy ?","text":"Nio good to buy ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/891818154","repostId":"1143051031","repostType":4,"isVote":1,"tweetType":1,"viewCount":801,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"following","isTTM":false}