Oscar Health，一家健康保险公司，本季度表现非常出色。他们的收入非常可观。他们的订阅用户基础正在增长。自由现金流为正。一切看起来都很好。
Oscar Health, which is a health insurance company, had a really great quarter. They've got fantastic revenue. Their subscriber base is growing. Free cash flow is positive. Everything looks great.
你如何对那家公司进行反向DCF分析？对于这样的公司，你会使用什么终端增长率？这让我们思考如何着手看待这个问题。
How do you run a reverse DCF on that company? What terminal rate would you use for a company like this? And so that got us thinking about how we would go about looking at this.
我们会提供一些财务信息，但更重要的是如何思考一家保险公司，即一家金融公司。他们拥有技术栈，但真正需要考虑的是，这是一家健康保险公司。
We'll give you a little information on the financials, but more about how you go about thinking about an insurance company, which is a financials company. They have a tech stack, but really what you need to think about this company is it is a health insurance company.