<p>什么构成价值股并没有硬性规定。更多的是关于感觉。嗯，其实不仅仅是这样。你可以对一家公司有任何感觉，说它是被低估的价值股。但如果一家企业的基本面不匹配，那么你不是在投资，而是在赌博。你不如去飞镖靶子上扔飞镖。</p>
<p>然而，有更好的方法。寻找相对于市场而言在价格、自由现金流（FCF）和盈利增长潜力方面折价的股票。它们将表明，尽管市场正在降低它们的价值，但公司仍有能力强势回归。</p>
<p>我所做的是寻找那些交易价格低于 <strong>标普 500 指数</strong> 市盈率 29 倍的股票。但它们也应该具有低的自由现金流倍数。这意味着支付完账单后，公司仍有资金可投资回业务。我还希望它们具有高盈利增长潜力。这应该指向具有良好扩张机会的公司。</p>
<p>请注意，你可能最终会看一些丑陋的股价走势图。这些被低估的价值股看起来可能像是与迈克·泰森在他巅峰时期打了一两轮。但不要被吓倒。捂住鼻子，深入挖掘下面这三只大幅折价的股票。</p>
<h2>Target（TGT）</h2>
<p><img src="https://imageproxy.pbkrs.com/https://investorplace.com/wp-content/plugins/lazy-load/images/1x1.trans.gif?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://investorplace.com/wp-content/plugins/lazy-load/images/1x1.trans.gif"/></p>
<p>来源：Robert Gregory Griffeth / Shutterstock.com</p>
<p>折扣零售商 <strong>Target</strong>（纽约证券交易所：<strong>TGT</strong>）是美国第六大零售商。不处于领先地位意味着位于其上方的公司施加了相当大的竞争压力。在从十年前的失误中反弹后，这家大众市场零售商重新投资于其业务，打造了一个高效的运营，与消费者产生共鸣。特别是在疫情期间凸显出来的数字化举措，Target 证明了它能够与 <strong>沃尔玛</strong>（纽约证券交易所：<strong>WMT</strong>）和 <strong>亚马逊</strong>（纳斯达克证券交易所：<strong>AMZN</strong>）一较高下。</p>
<p>然而，它最大的缺点是需要不断推动成本效率，无论是在其门店、履行还是供应链方面。由于在规模、价格或产品差异化方面并不突出，Target 必须不断改善其成本结构。幸运的是，这家零售商是一个赚钱的机器。</p>
<p>Target 去年产生了 38 亿美元的自由现金流，并在过去 12 个月内将自由现金流增长到 46 亿美元。TGT 股票以自由现金流的 14 倍交易，盈利的倍数为 16 倍。该股票在 2024 年持平，但随着华尔街预计该零售商每年增长 18% 的盈利，该零售商有望实现增长并享受多重扩张。Target 股票是一只被低估的价值股，应该在你的购买清单上。</p>
<h2>Nextracker（NXT）</h2>
<p><img src="https://imageproxy.pbkrs.com/https://investorplace.com/wp-content/plugins/lazy-load/images/1x1.trans.gif?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://investorplace.com/wp-content/plugins/lazy-load/images/1x1.trans.gif"/></p>
<p>来源：Shutterstock</p>
<p>从电子制造专家 <strong>Flex</strong>（纳斯达克证券交易所：<strong>FLEX</strong>）于 2023 年分拆出来，<strong>Nextracker</strong>（纳斯达克证券交易所：<strong>NXT</strong>）在与泰森的比赛中表现还不错。自分拆以来，股价上涨了 65%，但今年仅上涨了 9.3%。由于仍然以一些便宜的估值交易，考虑购买这只被低估的价值股是值得的。</p>
<p>Nextracker 是全球最大的基于在美国和全球发货的千兆瓦（GW）智能跟踪系统制造商。太阳能电池板在跟随太阳在天空中的路径时比固定板产生 25% 至 35% 更多的能量。Nextracker 为公用事业规模提供这些太阳能跟踪器。</p>
<p>与住宅太阳能系统不同，公用事业规模项目不会受到高利率的同样影响，尽管它们并非免疫。然而，这就是为什么财政第四季度收入比去年增长了 42%，利润从每股 2 美分激增至每股 1.51 美元。</p>
<p>尽管表现强劲，Nextracker 股票仍然被低估。它的市盈率为 15 倍，自由现金流倍数为 16 倍。然而，分析师预计未来五年太阳能跟踪器股票的盈利将以惊人的 40% 的年均增长率扩张，这是一只今天值得购买的被低估的价值股。</p>
<h2>Brinker International（EAT）</h2>
<p><img src="https://imageproxy.pbkrs.com/https://investorplace.com/wp-content/plugins/lazy-load/images/1x1.trans.gif?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://investorplace.com/wp-content/plugins/lazy-load/images/1x1.trans.gif"/></p>
<p>来源：James R. Martin/ShutterStock.com</p>
<p>表面上，<strong>Brinker International</strong>（纽约证券交易所：<strong>EAT</strong>）似乎不符合被低估的价值股模式。股价今年以来上涨了 51%，过去一年上涨了 71%。这些是增长股的数字，而且增长得非常快，因为 Brinker 是一家拥有 Chili's 和 Maggiano's Little Italy 的餐厅连锁店。</p>
<p>然而，它仍然为投资者提供了显著的价值。这是一个表现超过估值的公司的例子，这对投资者是个好兆头。现在购买让您享受即将到来的多重扩张。</p>
<p>Brinker International 受益于人们对墨西哥食物的热爱。其 Chili's 连锁店是这家餐饮企业的摇钱树，因为其德克萨斯墨西哥风味不仅俘获了食客的胃口，还俘获了他们的钱包。品牌的财政第三季度销售额增长了 3.8%，达到 9.88 亿美元，占总收入的 89%。</p>
<p>这是通过 Brinker 提供菜单创新和价值的组合实现的。这导致这家餐饮运营商的销售和客流量增长超过了行业。</p>
<p>虽然以 19 倍盈利交易，但它的股价仅为销售额的一小部分，低于其长期盈利增长率 20% 以下。它的自由现金流价格比为 19，但作为一个快速增长的连锁店，Brinker International 仍然为投资者提供了巨大的价值，是一只被低估的价值股。</p>
<p><em>在本文发布日期，Rich Duprey 没有持有（直接或间接）本文提到的证券中的任何头寸。本文中表达的观点属于作者本人，遵守 InvestorPlace.com 的发布准则。</em></p>
<p><em>在发布日期，负责编辑在本文提及的证券中没有（直接或间接）持有任何头寸。</em></p>
<p>Rich Duprey 已经写了 20 年关于股票和投资的文章。他的文章曾出现在 Nasdaq.com、The Motley Fool 和 Yahoo! Finance 上，并且被美国和国际出版物引用，包括 MarketWatch、Financial Times、Forbes、Fast Company、USA Today、Milwaukee Journal Sentinel、Cheddar News、The Boston Globe、L’Express 等众多新闻媒体。</p>
<p>成长股，低估股</p>

塔吉特

<p>2024 年 7 月值得考虑的三只被低估的价值股包括塔吉特（TGT）、NEXTracker（NXT）和 Brinker International（EAT）。塔吉特是一家折扣零售商，具有强劲的现金流和盈利增长潜力。NEXTracker 是一家领先的太阳能跟踪系统制造商，具有高增长潜力。Brinker International 是一家被低估的值得考虑的价值股</p>

<p>There are no hard and fast rules for what constitutes a value stock. It’s more about the <em>feelz</em>. Well, it is a little bit more than that. You can feel however you want about a company to say it is an undervalued value stock. But if the fundamentals of a business don’t match up, then you’re not investing. You’re gambling. You may as well throw darts at a dartboard.</p>
<div class="lb-trans"><p>什么构成价值股并没有硬性规定。更多的是关于感觉。嗯，其实不仅仅是这样。你可以对一家公司有任何感觉，说它是被低估的价值股。但如果一家企业的基本面不匹配，那么你不是在投资，而是在赌博。你不如去飞镖靶子上扔飞镖。</p>
</div><p>There is a better way, though. Look for stocks that are discounted relative to the market in terms of price, free cash flow (FCF) and earnings growth potential. They will indicate that, although the market is downgrading their value, the company still has the wherewithal to come back strong.</p>
<div class="lb-trans"><p>然而，有更好的方法。寻找相对于市场而言在价格、自由现金流（FCF）和盈利增长潜力方面折价的股票。它们将表明，尽管市场正在降低它们的价值，但公司仍有能力强势回归。</p>
</div><p>What I’ve done is look for stocks that are trading at below that of the <strong>S&amp;P 500’s</strong> price-to-earnings ratio of 29. But they should also have low FCF multiples. That means after paying their bills, the companies still have money available to invest back into the business. I also want them to have high earnings growth potential. This should point to companies with good expansion opportunities.</p>
<div class="lb-trans"><p>我所做的是寻找那些交易价格低于 <strong>标普 500 指数</strong> 市盈率 29 倍的股票。但它们也应该具有低的自由现金流倍数。这意味着支付完账单后，公司仍有资金可投资回业务。我还希望它们具有高盈利增长潜力。这应该指向具有良好扩张机会的公司。</p>
</div><p>Mind you, you may likely end up looking at some ugly stock price charts. These undervalued value stocks could look like they’ve gone a round or two with Mike Tyson in his prime. But don’t be scared off. Hold your nose and dive into the three deeply discounted stocks below.</p>
<div class="lb-trans"><p>请注意，你可能最终会看一些丑陋的股价走势图。这些被低估的价值股看起来可能像是与迈克·泰森在他巅峰时期打了一两轮。但不要被吓倒。捂住鼻子，深入挖掘下面这三只大幅折价的股票。</p>
</div><h2>Target (TGT)</h2>
<div class="lb-trans"><h2>Target（TGT）</h2>
</div><p><img src="https://imageproxy.pbkrs.com/https://investorplace.com/wp-content/plugins/lazy-load/images/1x1.trans.gif" alt="" original-src="https://investorplace.com/wp-content/plugins/lazy-load/images/1x1.trans.gif"/></p>
<p>Source: Robert Gregory Griffeth / Shutterstock.com</p>
<div class="lb-trans"><p>来源：Robert Gregory Griffeth / Shutterstock.com</p>
</div><p>Discount retailer <strong>Target</strong> (NYSE:<strong>TGT</strong>) is the country’s sixth-largest retailer. Not being atop the heap means those above it apply considerable competitive pressure. After rebounding from missteps a decade ago, the mass merchandiser reinvested in its business to create an efficient operation that resonated with consumers. Especially its digital initiatives that came to the fore during the pandemic, Target proved it can go toe-to-toe with <strong>Walmart</strong> (NYSE:<strong>WMT</strong>) and <strong>Amazon</strong> (NASDAQ:<strong>AMZN</strong>).</p>
<div class="lb-trans"><p>折扣零售商 <strong>Target</strong>（纽约证券交易所：<strong>TGT</strong>）是美国第六大零售商。不处于领先地位意味着位于其上方的公司施加了相当大的竞争压力。在从十年前的失误中反弹后，这家大众市场零售商重新投资于其业务，打造了一个高效的运营，与消费者产生共鸣。特别是在疫情期间凸显出来的数字化举措，Target 证明了它能够与 <strong>沃尔玛</strong>（纽约证券交易所：<strong>WMT</strong>）和 <strong>亚马逊</strong>（纳斯达克证券交易所：<strong>AMZN</strong>）一较高下。</p>
</div><p>Its biggest drawback, though, is needing to constantly drive cost efficiencies, whether it is in its stores, fulfillment or supply chain. Because it doesn’t stand out in terms of scale, price or product differentiation, Target must continuously improve its cost structure. Fortunately, the retailer is a cash-generating machine.</p>
<div class="lb-trans"><p>然而，它最大的缺点是需要不断推动成本效率，无论是在其门店、履行还是供应链方面。由于在规模、价格或产品差异化方面并不突出，Target 必须不断改善其成本结构。幸运的是，这家零售商是一个赚钱的机器。</p>
</div><p>Target produced $3.8 billion in FCF last year and has grown FCF to $4.6 billion over the trailing 12-month period. TGT stock trades at 14 times FCF and goes for 16 times earnings. The stock is flat in 2024, but with Wall Street expecting the retailer to grow earnings at 18% annually, the retailer is poised to grow and enjoy a multiple expansion. Target stock is an undervalued value stock that should be on your buy list.</p>
<div class="lb-trans"><p>Target 去年产生了 38 亿美元的自由现金流，并在过去 12 个月内将自由现金流增长到 46 亿美元。TGT 股票以自由现金流的 14 倍交易，盈利的倍数为 16 倍。该股票在 2024 年持平，但随着华尔街预计该零售商每年增长 18% 的盈利，该零售商有望实现增长并享受多重扩张。Target 股票是一只被低估的价值股，应该在你的购买清单上。</p>
</div><h2>Nextracker (NXT)</h2>
<div class="lb-trans"><h2>Nextracker（NXT）</h2>
</div><p><img src="https://imageproxy.pbkrs.com/https://investorplace.com/wp-content/plugins/lazy-load/images/1x1.trans.gif" alt="" original-src="https://investorplace.com/wp-content/plugins/lazy-load/images/1x1.trans.gif"/></p>
<p>Source: Shutterstock</p>
<div class="lb-trans"><p>来源：Shutterstock</p>
</div><p>Spun off from electronics manufacturing specialist <strong>Flex</strong> (NASDAQ:<strong>FLEX</strong>) in 2023, <strong>Nextracker</strong> (NASDAQ:<strong>NXT</strong>) hasn’t fared too badly in its bout with Tyson. The stock is up 65% since the separation but is only 9.3% higher this year. As it still trades for some cheap valuations, it is worth considering buying this undervalued value stock.</p>
<div class="lb-trans"><p>从电子制造专家 <strong>Flex</strong>（纳斯达克证券交易所：<strong>FLEX</strong>）于 2023 年分拆出来，<strong>Nextracker</strong>（纳斯达克证券交易所：<strong>NXT</strong>）在与泰森的比赛中表现还不错。自分拆以来，股价上涨了 65%，但今年仅上涨了 9.3%。由于仍然以一些便宜的估值交易，考虑购买这只被低估的价值股是值得的。</p>
</div><p>Nextracker is the world’s largest manufacturer of intelligent tracking systems based on gigawatts (GW) shipped in the U.S. and globally. Solar panels produce 25% to 35% more energy when they follow the sun’s path across the sky than stationary panels. Nextracker provides these solar trackers at utility-scale.</p>
<div class="lb-trans"><p>Nextracker 是全球最大的基于在美国和全球发货的千兆瓦（GW）智能跟踪系统制造商。太阳能电池板在跟随太阳在天空中的路径时比固定板产生 25% 至 35% 更多的能量。Nextracker 为公用事业规模提供这些太阳能跟踪器。</p>
</div><p>Unlike residential solar systems, utility-scale projects aren’t affected the same by high interest rates, though they are not immune. Yet that is why fiscal fourth-quarter revenue surged 42% from last year and profits exploded from 2 cents per share to $1.51 per share.</p>
<div class="lb-trans"><p>与住宅太阳能系统不同，公用事业规模项目不会受到高利率的同样影响，尽管它们并非免疫。然而，这就是为什么财政第四季度收入比去年增长了 42%，利润从每股 2 美分激增至每股 1.51 美元。</p>
</div><p>Despite the powerful performance, Nextracker stock remains undervalued. It trades at 15 times earnings and 16x FCF. Yet with analysts anticipating the solar tracker stock expanding earnings at a breathtaking 40% annually for the next five years, this is an undervalued value stock to buy today.</p>
<div class="lb-trans"><p>尽管表现强劲，Nextracker 股票仍然被低估。它的市盈率为 15 倍，自由现金流倍数为 16 倍。然而，分析师预计未来五年太阳能跟踪器股票的盈利将以惊人的 40% 的年均增长率扩张，这是一只今天值得购买的被低估的价值股。</p>
</div><h2>Brinker International (EAT)</h2>
<div class="lb-trans"><h2>Brinker International（EAT）</h2>
</div><p><img src="https://imageproxy.pbkrs.com/https://investorplace.com/wp-content/plugins/lazy-load/images/1x1.trans.gif" alt="" original-src="https://investorplace.com/wp-content/plugins/lazy-load/images/1x1.trans.gif"/></p>
<p>Source: James R. Martin/ShutterStock.com</p>
<div class="lb-trans"><p>来源：James R. Martin/ShutterStock.com</p>
</div><p>On the surface, <strong>Brinker International</strong> (NYSE:<strong>EAT</strong>) doesn’t seem to fit the undervalued value stock mold. Shares are up 51% year-to-date and are 71% higher over the past year. Those are growth stock numbers and wildly so, since Brinker is a restaurant chain that owns Chili’s and Maggiano’s Little Italy.</p>
<div class="lb-trans"><p>表面上，<strong>Brinker International</strong>（纽约证券交易所：<strong>EAT</strong>）似乎不符合被低估的价值股模式。股价今年以来上涨了 51%，过去一年上涨了 71%。这些是增长股的数字，而且增长得非常快，因为 Brinker 是一家拥有 Chili's 和 Maggiano's Little Italy 的餐厅连锁店。</p>
</div><p>And yet it does offer investors significant value still. It is an example of a company whose performance has outpaced its valuation, and that bodes well for investors. Buying now lets you enjoy the multiple expansion to come.</p>
<div class="lb-trans"><p>然而，它仍然为投资者提供了显著的价值。这是一个表现超过估值的公司的例子，这对投资者是个好兆头。现在购买让您享受即将到来的多重扩张。</p>
</div><p>Brinker International is benefiting from the love affair with Mexican food. Its Chili’s chain is the moneymaker for the restaurateur, as its Tex-Mex flavors are capturing diners wallets as well as their stomachs. Fiscal third-quarter sales for the brand rose 3.8% to $988 million, representing 89% of total revenue.</p>
<div class="lb-trans"><p>Brinker International 受益于人们对墨西哥食物的热爱。其 Chili's 连锁店是这家餐饮企业的摇钱树，因为其德克萨斯墨西哥风味不仅俘获了食客的胃口，还俘获了他们的钱包。品牌的财政第三季度销售额增长了 3.8%，达到 9.88 亿美元，占总收入的 89%。</p>
</div><p>That was achieved by Brinker offering a combination of menu innovation and value. It resulted in the restaurant operator growing sales and traffic ahead of the industry.</p>
<div class="lb-trans"><p>这是通过 Brinker 提供菜单创新和价值的组合实现的。这导致这家餐饮运营商的销售和客流量增长超过了行业。</p>
</div><p>While trading at 19x earnings, it also goes for a small fraction of its sales and for less than its long-term earnings growth rate of 20%. It does trade at a slightly elevated price-to-free cash flow of 19, but as a fast-growing chain, Brinker International still offers investors great value and is an undervalued vale stock.</p>
<div class="lb-trans"><p>虽然以 19 倍盈利交易，但它的股价仅为销售额的一小部分，低于其长期盈利增长率 20% 以下。它的自由现金流价格比为 19，但作为一个快速增长的连锁店，Brinker International 仍然为投资者提供了巨大的价值，是一只被低估的价值股。</p>
</div><p><em>On the date of publication, Rich Duprey did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.</em></p>
<div class="lb-trans"><p><em>在本文发布日期，Rich Duprey 没有持有（直接或间接）本文提到的证券中的任何头寸。本文中表达的观点属于作者本人，遵守 InvestorPlace.com 的发布准则。</em></p>
</div><p><em>On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.</em></p>
<div class="lb-trans"><p><em>在发布日期，负责编辑在本文提及的证券中没有（直接或间接）持有任何头寸。</em></p>
</div><p>Rich Duprey has written about stocks and investing for the past 20 years. His articles have appeared on Nasdaq.com, The Motley Fool, and Yahoo! Finance, and he has been referenced by U.S. and international publications, including MarketWatch, Financial Times, Forbes, Fast Company, USA Today, Milwaukee Journal Sentinel, Cheddar News, The Boston Globe, L’Express, and numerous other news outlets.</p>
<div class="lb-trans"><p>Rich Duprey 已经写了 20 年关于股票和投资的文章。他的文章曾出现在 Nasdaq.com、The Motley Fool 和 Yahoo! Finance 上，并且被美国和国际出版物引用，包括 MarketWatch、Financial Times、Forbes、Fast Company、USA Today、Milwaukee Journal Sentinel、Cheddar News、The Boston Globe、L’Express 等众多新闻媒体。</p>
</div><p>Growth Stocks, Undervalued Stocks</p>
<div class="lb-trans"><p>成长股，低估股</p>
</div>

2024 年 7 月最值得购买的三只被低估的价值股