VALUATION
確定性估值（SEC EDGAR + Finnhub）
RISK-OFFDCF FV $78.56 · -62.9% VS SPOT
判定: strong-sell · DCF $78.56 (-62.9%) · method: DCF only
⚠ Cohort refused: no sector classification for SAP, so its peer set cannot be validated and is not published. · Revenue CAGR unusable (revenue series has 1 annual points; need 3); growth anchored to long-run nominal GDP.