<p>考虑如何处理你的 Fastly 股票，或者在想是否是时候入手？你并不孤单。Fastly 的股票在过去几年经历了剧烈波动，如果你试图理解其近期的波动，你来对地方了。Fastly 的收盘价为 8.33 美元，过去一周上涨了 0.6%，但在过去一个月下跌了约 2%，并且今年以来仍然处于亏损状态，自一月以来下跌了 9.6%。尽管如此，该股票在过去十二个月上涨了 13.6%，这还没有考虑到它在五年内遭遇的 87.2% 的大幅下跌。这一情况让人不禁停下来思考接下来可能会发生什么。</p>
<p>投资者一直在密切关注 Fastly 如何努力提升其战略重点，并提高平台的效率，特别是在应对竞争激烈的边缘计算环境和客户对更快、更安全的在线体验的需求时。新领导任命的消息和关于 Fastly 产品推出的更新帮助改善了市场情绪，并可能向市场发出转机的信号，尽管股票价格中仍然包含着相当程度的怀疑。</p>
<p>当我们统计这些数字时，Fastly 在关键价值检查中得分为 3 分（满分 6 分），这表明根据投资者通常关注的一半框架，它可能被低估。但这种混合搭配的估值方法有多可靠呢？接下来，我们将详细分析这些分数的实际含义，稍后我将介绍一种超越通常数字的方式来思考 Fastly 的真实价值。</p>
<p>为什么 Fastly 落后于同行</p>
<h3>方法 1：Fastly 折现现金流（DCF）分析</h3>
<p>折现现金流（DCF）模型通过预测公司的未来现金流并将其折现回今天的价值来估算公司的价值。对于 Fastly，这意味着要查看公司现在产生的现金量以及预计未来将产生的现金量，然后计算这些潜在收益今天的实际价值。</p>
<p>目前，Fastly 的自由现金流为 798 万美元。根据分析师的估计和未来预测，Fastly 的年自由现金流预计到 2026 年将上升至 1295 万美元，到 2027 年将达到 2880 万美元。Simply Wall St 然后进一步推测未来十年的增长，预计到 2034 年将超过 1 亿美元。</p>
<p>基于这些现金流预测，DCF 模型计算出 Fastly 的内在价值为每股 6.95 美元。当前股票交易价格为 8.33 美元，Fastly 的交易价格比其未来现金流所能证明的价值高出 19.9%。这表明，至少从这个模型的角度来看，Fastly 目前被高估了。</p>
<p><strong>结果：被高估</strong></p>
<p>请查看我们公司报告的估值部分，了解我们如何得出 Fastly 的公允价值的更多细节。</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/0181ecc4-ca36-4518-852e-47554ab5face/chart/dcf?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://images.simplywall.st/company/0181ecc4-ca36-4518-852e-47554ab5face/chart/dcf"/></p>
<p>截至 2025 年 10 月的 FSLY 折现现金流</p>
<p>我们的折现现金流（DCF）分析表明，Fastly 可能被高估了 19.9%。寻找被低估的股票或创建自己的筛选器，以寻找更好的价值机会。</p>
<h3>方法 2：Fastly 市盈率与销售额比</h3>
<p>对于像 Fastly 这样的科技公司，它们正在投资于增长但尚未产生稳定的利润，市盈率（P/S）通常是比基于收益的倍数更有意义的指标。这是因为销售数字更准确地反映了业务的吸引力和潜力，而在增长阶段，利润率可能仍然较低或为负。</p>
<p>增长预期和风险在设定 “正常” 市盈率（P/S）方面都起着重要作用。快速收入扩张和强大竞争地位的公司通常可以支持更高的倍数。那些面临不确定性或行业逆风的公司可能会看到较低的倍数被合理化。</p>
<p>目前，Fastly 的市盈率为 2.15 倍，明显低于 IT 行业的平均水平 2.79 倍，远低于同行组的平均水平 7.63 倍。然而，仅仅与这些平均水平进行比较可能会产生误导，因为这并没有充分考虑 Fastly 的独特特征。</p>
<p>这就是 Simply Wall St 的公允比率发挥作用的地方。为 Fastly 计算的专有公允比率为 2.45 倍，不仅考虑行业和规模，还考虑公司的增长前景、利润率、风险特征和其他重要因素。这种方法通常提供了一个更清晰、更量身定制的视角，以合理评估 Fastly 的价值，而不是简单的同行平均水平。</p>
<p>由于 Fastly 实际的市盈率为 2.15 倍，仅略低于其公允比率 2.45 倍，因此根据这种方法，该股票的定价似乎是合理的。投资者并没有支付显著的溢价，也没有获得重大折扣，基于 Fastly 当前的状况。</p>
<p><strong>结果：大致合理</strong></p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/0181ecc4-ca36-4518-852e-47554ab5face/chart/ps-multiple-vs-industry?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://images.simplywall.st/company/0181ecc4-ca36-4518-852e-47554ab5face/chart/ps-multiple-vs-industry"/></p>
<p>截至 2025 年 10 月的 NYSE:FSLY 市盈率</p>
<p>市盈率讲述了一个故事，但如果真正的机会在其他地方呢？发现内部人士在大力押注爆炸性增长的公司。</p>
<h3>提升你的决策能力：选择你的 Fastly 故事</h3>
<p>我们之前提到过，还有一种更好的理解估值的方法。让我们向你介绍叙事。叙事是你独特的投资故事，是对公司的清晰和个性化的视角，在这里你结合对其业务、增长前景、风险和未来潜力的理解，以证明你假设的公允价值、收入、收益和利润率预测。</p>
<p>叙事将 Fastly 的故事与适当的财务预测联系起来，将你的展望转化为一个有意义的公允价值，便于你与今天的股价进行比较。在 Simply Wall St，叙事通过社区页面向所有人开放，使数百万投资者能够轻松创建、分享和即时查看不同的观点。</p>
<p>通过叙述，您可以快速评估 Fastly 是买入还是卖出，方法是将您的个人公允价值与当前市场价格进行比较，并查看您的论点与社区的看法如何对比。当新的新闻或财务结果发布时，叙述会自动更新，因此您的分析会随着情况的变化而演变。</p>
<p>例如，一些投资者认为，如果他们相信 Fastly 的边缘云增长故事，其公允价值高达 10 美元，而另一些投资者则认为，如果他们担心竞争威胁和利润压力，公允价值低至 6 美元。叙述捕捉了这些观点，让您掌控投资决策。</p>
<p>您认为 Fastly 的故事还有更多内容吗？创建您自己的叙述，让社区知道！</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/0181ecc4-ca36-4518-852e-47554ab5face/chart/community-fair-value?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://images.simplywall.st/company/0181ecc4-ca36-4518-852e-47554ab5face/chart/community-fair-value"/></p>
<p>截至 2025 年 10 月 NYSE:FSLY 社区公允价值</p>
<p><em>这篇文章来自 Simply Wall St，内容具有一般性。<strong>我们提供基于历史数据和分析师预测的评论，仅使用无偏见的方法，我们的文章并不构成财务建议。</strong> 它不构成买入或卖出任何股票的推荐，也未考虑您的目标或财务状况。我们的目标是为您提供以基本数据驱动的长期分析。请注意，我们的分析可能未考虑最新的价格敏感公司公告或定性材料。Simply Wall St 在提到的任何股票中均没有持仓。</em></p>

FSLY

<p>Fastly 的股票经历了波动，目前价格为 8.33 美元，过去一周小幅上涨 0.6%，但本月下跌了 2%。尽管过去一年上涨了 13.6%，但自一月以来仍然下跌了 9.6%。分析师建议，基于折现现金流分析，Fastly 可能被高估了 19.9%，而其市销率为 2.15 倍，低于行业平均水平。领导层变动和战略重点可能预示着改善的潜力，但投资者仍持怀疑态度</p>

<p>Thinking about what to do with your Fastly shares, or maybe wondering if it is time to jump in? You are far from alone. Fastly’s stock has delivered a wild ride over the last few years, and if you are trying to make sense of its recent swings, you are in the right place. With its closing price sitting at $8.33, Fastly has posted a modest 0.6% gain over the past week, but it is down about 2% over the last month and remains underwater for the year, off 9.6% since January. Still, the stock is up 13.6% over the past twelve months, and that is not even accounting for the steep 87.2% drop it has suffered over five years. This picture would make anyone pause and wonder where things might go next.</p>
<div class="lb-trans"><p>考虑如何处理你的 Fastly 股票，或者在想是否是时候入手？你并不孤单。Fastly 的股票在过去几年经历了剧烈波动，如果你试图理解其近期的波动，你来对地方了。Fastly 的收盘价为 8.33 美元，过去一周上涨了 0.6%，但在过去一个月下跌了约 2%，并且今年以来仍然处于亏损状态，自一月以来下跌了 9.6%。尽管如此，该股票在过去十二个月上涨了 13.6%，这还没有考虑到它在五年内遭遇的 87.2% 的大幅下跌。这一情况让人不禁停下来思考接下来可能会发生什么。</p>
</div><p>Investors have been watching closely as Fastly works to sharpen its strategic focus and improve efficiency across its platform, especially in response to a competitive edge computing landscape and customer demand for faster, more secure online experiences. News of new leadership appointments and updates about Fastly’s product rollouts have helped nudge sentiment and could be signaling to the market that a turnaround is possible, though there is still a healthy dose of skepticism baked into the stock’s price.</p>
<div class="lb-trans"><p>投资者一直在密切关注 Fastly 如何努力提升其战略重点，并提高平台的效率，特别是在应对竞争激烈的边缘计算环境和客户对更快、更安全的在线体验的需求时。新领导任命的消息和关于 Fastly 产品推出的更新帮助改善了市场情绪，并可能向市场发出转机的信号，尽管股票价格中仍然包含着相当程度的怀疑。</p>
</div><p>When we tally up the numbers, Fastly scores a 3 out of 6 on key value checks, suggesting it may be undervalued according to half of the frameworks investors generally look at. But how reliable is this mix-and-match approach to valuation? Next, we will break down what these scores actually mean, and later on, I will introduce a way to think about Fastly’s true value that goes beyond the usual numbers.</p>
<div class="lb-trans"><p>当我们统计这些数字时，Fastly 在关键价值检查中得分为 3 分（满分 6 分），这表明根据投资者通常关注的一半框架，它可能被低估。但这种混合搭配的估值方法有多可靠呢？接下来，我们将详细分析这些分数的实际含义，稍后我将介绍一种超越通常数字的方式来思考 Fastly 的真实价值。</p>
</div><p>Why Fastly is lagging behind its peers</p>
<div class="lb-trans"><p>为什么 Fastly 落后于同行</p>
</div><h3>Approach 1: Fastly Discounted Cash Flow (DCF) Analysis</h3>
<div class="lb-trans"><h3>方法 1：Fastly 折现现金流（DCF）分析</h3>
</div><p>A Discounted Cash Flow (DCF) model estimates a company's value by projecting its future cash flows and discounting them back to today's dollars. For Fastly, this means looking at the amount of cash the company generates now and is expected to generate in the future, then calculating what those potential earnings are actually worth today.</p>
<div class="lb-trans"><p>折现现金流（DCF）模型通过预测公司的未来现金流并将其折现回今天的价值来估算公司的价值。对于 Fastly，这意味着要查看公司现在产生的现金量以及预计未来将产生的现金量，然后计算这些潜在收益今天的实际价值。</p>
</div><p>Currently, Fastly’s Free Cash Flow stands at $7.98 Million. According to analyst estimates and forward projections, Fastly’s annual Free Cash Flow could rise to $12.95 Million by 2026 and $28.8 Million by 2027. Simply Wall St then extrapolates this growth further out for the next decade, with estimates climbing above $100 Million by 2034.</p>
<div class="lb-trans"><p>目前，Fastly 的自由现金流为 798 万美元。根据分析师的估计和未来预测，Fastly 的年自由现金流预计到 2026 年将上升至 1295 万美元，到 2027 年将达到 2880 万美元。Simply Wall St 然后进一步推测未来十年的增长，预计到 2034 年将超过 1 亿美元。</p>
</div><p>Based on these cash flow projections, the DCF model calculates an intrinsic value for Fastly of $6.95 per share. With the stock currently changing hands at $8.33, Fastly is trading at a 19.9% premium to what its future cash flows appear to justify. This suggests that, at least through the lens of this model, Fastly is overvalued right now.</p>
<div class="lb-trans"><p>基于这些现金流预测，DCF 模型计算出 Fastly 的内在价值为每股 6.95 美元。当前股票交易价格为 8.33 美元，Fastly 的交易价格比其未来现金流所能证明的价值高出 19.9%。这表明，至少从这个模型的角度来看，Fastly 目前被高估了。</p>
</div><p><strong>Result: OVERVALUED</strong></p>
<div class="lb-trans"><p><strong>结果：被高估</strong></p>
</div><p>Head to the Valuation section of our Company Report for more details on how we arrive at this Fair Value for Fastly.</p>
<div class="lb-trans"><p>请查看我们公司报告的估值部分，了解我们如何得出 Fastly 的公允价值的更多细节。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/0181ecc4-ca36-4518-852e-47554ab5face/chart/dcf" alt="" original-src="https://images.simplywall.st/company/0181ecc4-ca36-4518-852e-47554ab5face/chart/dcf"/></p>
<p>FSLY Discounted Cash Flow as at Oct 2025</p>
<div class="lb-trans"><p>截至 2025 年 10 月的 FSLY 折现现金流</p>
</div><p>Our Discounted Cash Flow (DCF) analysis suggests Fastly may be overvalued by 19.9%. Find undervalued stocks or create your own screener to find better value opportunities.</p>
<div class="lb-trans"><p>我们的折现现金流（DCF）分析表明，Fastly 可能被高估了 19.9%。寻找被低估的股票或创建自己的筛选器，以寻找更好的价值机会。</p>
</div><h3>Approach 2: Fastly Price vs Sales</h3>
<div class="lb-trans"><h3>方法 2：Fastly 市盈率与销售额比</h3>
</div><p>For technology companies like Fastly, which are investing for growth but not yet generating consistent profits, the Price-to-Sales (P/S) ratio is often a more meaningful metric than earnings-based multiples. This is because sales figures more accurately capture business traction and potential, while profit margins may remain low or negative during growth phases.</p>
<div class="lb-trans"><p>对于像 Fastly 这样的科技公司，它们正在投资于增长但尚未产生稳定的利润，市盈率（P/S）通常是比基于收益的倍数更有意义的指标。这是因为销售数字更准确地反映了业务的吸引力和潜力，而在增长阶段，利润率可能仍然较低或为负。</p>
</div><p>Growth expectations and risk both play an important role in setting what is considered a “normal” P/S ratio. Companies with rapid revenue expansion and strong competitive positions can often support higher ratios. Those facing uncertainty or industry headwinds may see lower multiples justified.</p>
<div class="lb-trans"><p>增长预期和风险在设定 “正常” 市盈率（P/S）方面都起着重要作用。快速收入扩张和强大竞争地位的公司通常可以支持更高的倍数。那些面临不确定性或行业逆风的公司可能会看到较低的倍数被合理化。</p>
</div><p>Right now, Fastly trades at a P/S ratio of 2.15x, noticeably below the IT industry’s average of 2.79x and far below the peer group average of 7.63x. However, simply comparing to these averages can be misleading because it does not fully account for Fastly’s unique characteristics.</p>
<div class="lb-trans"><p>目前，Fastly 的市盈率为 2.15 倍，明显低于 IT 行业的平均水平 2.79 倍，远低于同行组的平均水平 7.63 倍。然而，仅仅与这些平均水平进行比较可能会产生误导，因为这并没有充分考虑 Fastly 的独特特征。</p>
</div><p>This is where Simply Wall St’s Fair Ratio comes in. The proprietary Fair Ratio, calculated at 2.45x for Fastly, considers not just industry and size but also the company’s growth outlook, profit margins, risk profile, and other important factors. This approach tends to offer a clearer, more tailored view of what would be a reasonable valuation for Fastly specifically compared to blunt peer averages.</p>
<div class="lb-trans"><p>这就是 Simply Wall St 的公允比率发挥作用的地方。为 Fastly 计算的专有公允比率为 2.45 倍，不仅考虑行业和规模，还考虑公司的增长前景、利润率、风险特征和其他重要因素。这种方法通常提供了一个更清晰、更量身定制的视角，以合理评估 Fastly 的价值，而不是简单的同行平均水平。</p>
</div><p>With Fastly’s actual P/S multiple of 2.15x sitting only a fraction below its Fair Ratio of 2.45x, the stock appears priced about right according to this method. Investors are not paying a significant premium or getting a major bargain based on where Fastly stands today.</p>
<div class="lb-trans"><p>由于 Fastly 实际的市盈率为 2.15 倍，仅略低于其公允比率 2.45 倍，因此根据这种方法，该股票的定价似乎是合理的。投资者并没有支付显著的溢价，也没有获得重大折扣，基于 Fastly 当前的状况。</p>
</div><p><strong>Result: ABOUT RIGHT</strong></p>
<div class="lb-trans"><p><strong>结果：大致合理</strong></p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/0181ecc4-ca36-4518-852e-47554ab5face/chart/ps-multiple-vs-industry" alt="" original-src="https://images.simplywall.st/company/0181ecc4-ca36-4518-852e-47554ab5face/chart/ps-multiple-vs-industry"/></p>
<p>NYSE:FSLY PS Ratio as at Oct 2025</p>
<div class="lb-trans"><p>截至 2025 年 10 月的 NYSE:FSLY 市盈率</p>
</div><p>PS ratios tell one story, but what if the real opportunity lies elsewhere? Discover companies where insiders are betting big on explosive growth.</p>
<div class="lb-trans"><p>市盈率讲述了一个故事，但如果真正的机会在其他地方呢？发现内部人士在大力押注爆炸性增长的公司。</p>
</div><h3>Upgrade Your Decision Making: Choose your Fastly Narrative</h3>
<div class="lb-trans"><h3>提升你的决策能力：选择你的 Fastly 故事</h3>
</div><p>Earlier we mentioned that there is an even better way to understand valuation. Let us introduce you to Narratives. A Narrative is your unique investment story, a clear and personalized perspective on a company, where you combine your understanding of its business, growth prospects, risks, and future potential to justify your assumed fair value, revenue, earnings, and margin forecasts.</p>
<div class="lb-trans"><p>我们之前提到过，还有一种更好的理解估值的方法。让我们向你介绍叙事。叙事是你独特的投资故事，是对公司的清晰和个性化的视角，在这里你结合对其业务、增长前景、风险和未来潜力的理解，以证明你假设的公允价值、收入、收益和利润率预测。</p>
</div><p>Narratives connect Fastly’s story to a proper financial forecast, translating your outlook into a meaningful fair value that you can easily compare to today’s share price. On Simply Wall St, Narratives are accessible to everyone via the Community page, making it simple for millions of investors to create, share, and see different perspectives instantly.</p>
<div class="lb-trans"><p>叙事将 Fastly 的故事与适当的财务预测联系起来，将你的展望转化为一个有意义的公允价值，便于你与今天的股价进行比较。在 Simply Wall St，叙事通过社区页面向所有人开放，使数百万投资者能够轻松创建、分享和即时查看不同的观点。</p>
</div><p>With Narratives, you can quickly weigh whether Fastly is a buy or a sell by comparing your personal Fair Value to the current market price and seeing how your thesis stacks up against the community. Narratives are kept up to date automatically when new news or financial results are released, so your analysis evolves as circumstances change.</p>
<div class="lb-trans"><p>通过叙述，您可以快速评估 Fastly 是买入还是卖出，方法是将您的个人公允价值与当前市场价格进行比较，并查看您的论点与社区的看法如何对比。当新的新闻或财务结果发布时，叙述会自动更新，因此您的分析会随着情况的变化而演变。</p>
</div><p>For example, some investors see Fastly’s fair value as high as $10 if they believe its edge-cloud growth story, while others set it as low as $6 if they are worried about competitive threats and margin pressure. Narratives capture these views, putting you in control of your investment decisions.</p>
<div class="lb-trans"><p>例如，一些投资者认为，如果他们相信 Fastly 的边缘云增长故事，其公允价值高达 10 美元，而另一些投资者则认为，如果他们担心竞争威胁和利润压力，公允价值低至 6 美元。叙述捕捉了这些观点，让您掌控投资决策。</p>
</div><p>Do you think there's more to the story for Fastly? Create your own Narrative to let the Community know!</p>
<div class="lb-trans"><p>您认为 Fastly 的故事还有更多内容吗？创建您自己的叙述，让社区知道！</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/0181ecc4-ca36-4518-852e-47554ab5face/chart/community-fair-value" alt="" original-src="https://images.simplywall.st/company/0181ecc4-ca36-4518-852e-47554ab5face/chart/community-fair-value"/></p>
<p>NYSE:FSLY Community Fair Values as at Oct 2025</p>
<div class="lb-trans"><p>截至 2025 年 10 月 NYSE:FSLY 社区公允价值</p>
</div><p><em>This article by Simply Wall St is general in nature. <strong>We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.</strong> It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.</em></p>
<div class="lb-trans"><p><em>这篇文章来自 Simply Wall St，内容具有一般性。<strong>我们提供基于历史数据和分析师预测的评论，仅使用无偏见的方法，我们的文章并不构成财务建议。</strong> 它不构成买入或卖出任何股票的推荐，也未考虑您的目标或财务状况。我们的目标是为您提供以基本数据驱动的长期分析。请注意，我们的分析可能未考虑最新的价格敏感公司公告或定性材料。Simply Wall St 在提到的任何股票中均没有持仓。</em></p>
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Is Fastly at a Turning Point After Leadership Changes and Modest Stock Rebound?

- Fastly 股价为 $8.33，过去一周上涨 0.6%，但年初至今下跌 9.6%。  
- 根据折现现金流模型，Fastly 当前被高估 19.9%。  
- 其市销率为 2.15，低于行业平均水平，显示出合理定价。  

在领导层变动和股票小幅反弹之后，Fastly 是否正处于一个转折点？