VALUATION
確定性估值(SEC EDGAR + Finnhub)
—NO DCF
判定: strong-buy · peers $549.12 (+71.3%) · method: comparables only
⚠ DCF unavailable: same-period, same-currency gross interest expense is unavailable and cannot be assumed zero, so operating cash flow cannot be reconciled to FCFF. Financial evidence and eligible comparables remain available. · Peers swapped to "Mega-cap platform" cohort: Search + YouTube + Cloud + Gemini. Doesn't cleanly fit search ads or cloud-only baskets.