<p>三一重工国际控股（SEHK:631）发布了第三季度财报。报告显示销售额和净收入同比增长，突显了公司持续的业务势头和运营进展。</p>
<p>查看我们对三一重工国际控股的最新分析。</p>
<p>在强劲的财报发布后，三一重工国际控股的 2024 年股价上涨了 66.4%，这表明市场对其前景的信心正在增强。值得注意的是，过去一年公司为股东带来了 53.8% 的总回报，五年总回报超过 100%。这表明势头已经积累了一段时间。</p>
<p>如果如此令人印象深刻的收益让你想知道还有什么股票在上涨，现在正是发现高内部持股的快速成长股票的最佳时机。</p>
<p>在如此强劲的业绩和上涨的股价下，三一重工国际控股是否仍然以有吸引力的估值交易，还是市场已经考虑了公司的未来增长潜力？</p>
<h2>15.4 倍的市盈率：是否合理？</h2>
<p>三一重工国际控股目前的市盈率（P/E）为 15.4 倍，尽管最近股价上涨，但仍高于同行业平均水平和行业基准。这一高于同行的估值意味着投资者为每一美元的收益支付了溢价，这引发了一个问题：业务基本面是否值得如此定价。</p>
<p>市盈率是一个广泛使用的指标，用于比较公司的股价与每股收益，提供市场愿意为未来盈利支付多少的洞察。在资本品行业，增长率和利润稳定性差异很大，这一指标被密切关注，以评估投资者的预期。较高的市盈率通常表明对未来强劲收益的信心，但也使买家面临如果这些预期未能实现而导致的溢价风险。</p>
<p>与香港机械行业的同行相比，其平均市盈率为 12.8 倍，三一重工国际控股显得相对昂贵。然而，目前的市盈率实际上低于其估计的合理市盈率 16.2 倍。这表明市场可能正在向更高的合理水平移动，因为盈利能力和增长预测依然强劲。</p>
<p>探索三一重工国际控股的 SWS 合理比率</p>
<p><strong>结果：15.4 倍的市盈率（被高估）</strong></p>
<p>然而，收入增长放缓或突发的利润压力可能迅速挑战当前对三一重工国际控股估值和势头的乐观预期。</p>
<p>了解三一重工国际控股叙述中的关键风险。</p>
<h2>另一种观点：市场是否忽视了隐藏的价值？</h2>
<p>虽然基于传统收益倍数股价看起来昂贵，但我们的 SWS DCF 模型表明，三一重工国际控股的交易价格实际上低于其估计的合理价值 52.7%。该模型指向潜在的低估，并提出了一个问题：市场是否忽视了未来的增长？</p>
<p>了解 SWS DCF 模型如何得出其合理价值。</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/153f43e7-edcd-4fd9-9d31-b01f57e84742/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/153f43e7-edcd-4fd9-9d31-b01f57e84742/chart/dcf"/></p>
<p>截至 2025 年 11 月的 631 折现现金流</p>
<p>Simply Wall St 每天对全球每只股票进行折现现金流（DCF）分析（例如查看三一重工国际控股）。我们展示了完整的计算过程。您可以在您的观察列表或投资组合中跟踪结果，并在变化时收到提醒，或者使用我们的股票筛选器发现 861 只基于现金流的被低估股票。如果您保存筛选器，我们甚至会在新公司匹配时提醒您——这样您就不会错过潜在机会。</p>
<h2>构建您自己的三一重工国际控股叙述</h2>
<p>如果您有自己的观点或想深入挖掘数据，您可以在几分钟内为三一重工国际控股塑造自己的故事，按照您的方式进行。</p>
<p>一个好的起点是我们的分析，强调投资者对三一重工国际控股的 2 个关键回报的乐观预期。</p>
<h2>寻找更多投资想法？</h2>
<p>聪明的投资者从不满足于一个机会。通过使用这些独特的筛选器，提前发现具有隐藏潜力的股票，保持领先地位：</p>
<ul>
<li>通过查看这 25 只人工智能便士股，抓住明天的突破。这些公司正在人工智能领域掀起波澜，塑造技术如何驱动现实世界的价值。</li>
<li>通过访问这些 17 只收益率超过 3% 的股息股票，锁定强大的收入来源。该列表包含具有吸引力的股息收益率和稳健基本面的公司。</li>
<li>研究这些 861 只基于现金流的被低估股票，利用市场低效的势头。该筛选器突出了价格低于其真实价值的股票，以实现价值导向的收益。</li>
</ul>
<p><em>本文由 Simply Wall St 撰写，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，我们的文章不应被视为财务建议。</strong> 它不构成购买或出售任何股票的推荐，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没有持仓。</em></p>

三一重工

<p>三一重工国际控股（SEHK:631）报告了强劲的第三季度业绩，销售额和净收入同比增长，导致 2024 年股价上涨 66.4%。尽管市盈率为 15.4 倍，高于行业同行，但一些分析认为根据贴现现金流模型，它可能被低估了 52.7%。投资者被提醒注意可能影响未来增长和估值的潜在风险。该公司在过去一年中为股东带来了 53.8% 的总回报，显示出持续的增长势头</p>

<p>Sany Heavy Equipment International Holdings (SEHK:631) released its third quarter earnings. The report showed year-over-year growth in both sales and net income, which highlights the company's ongoing business momentum and operational progress.</p>
<div class="lb-trans"><p>三一重工国际控股（SEHK:631）发布了第三季度财报。报告显示销售额和净收入同比增长，突显了公司持续的业务势头和运营进展。</p>
</div><p>See our latest analysis for Sany Heavy Equipment International Holdings.</p>
<div class="lb-trans"><p>查看我们对三一重工国际控股的最新分析。</p>
</div><p>Fresh off those strong earnings, Sany Heavy Equipment International Holdings has seen its 2024 share price jump 66.4%, signaling growing confidence in its prospects. Notably, the company has delivered a total shareholder return of 53.8% over the past year, with five-year total returns topping 100%. This indicates that momentum has been building for some time.</p>
<div class="lb-trans"><p>在强劲的财报发布后，三一重工国际控股的 2024 年股价上涨了 66.4%，这表明市场对其前景的信心正在增强。值得注意的是，过去一年公司为股东带来了 53.8% 的总回报，五年总回报超过 100%。这表明势头已经积累了一段时间。</p>
</div><p>If impressive gains like these have you wondering what else is on the move, this is a perfect time to discover fast growing stocks with high insider ownership.</p>
<div class="lb-trans"><p>如果如此令人印象深刻的收益让你想知道还有什么股票在上涨，现在正是发现高内部持股的快速成长股票的最佳时机。</p>
</div><p>With such strong results and a rising share price, is Sany Heavy Equipment International Holdings still trading at an attractive valuation, or has the market already factored in the company’s future growth potential?</p>
<div class="lb-trans"><p>在如此强劲的业绩和上涨的股价下，三一重工国际控股是否仍然以有吸引力的估值交易，还是市场已经考虑了公司的未来增长潜力？</p>
</div><h2>Price-to-Earnings of 15.4x: Is it justified?</h2>
<div class="lb-trans"><h2>15.4 倍的市盈率：是否合理？</h2>
</div><p>Sany Heavy Equipment International Holdings is currently trading at a price-to-earnings (P/E) ratio of 15.4x, which is above both the peer group average and its industry benchmark, despite recent share price gains. This higher-than-peer valuation means investors are paying a premium relative to similar stocks for each dollar of earnings, raising the question of whether the business fundamentals warrant such pricing.</p>
<div class="lb-trans"><p>三一重工国际控股目前的市盈率（P/E）为 15.4 倍，尽管最近股价上涨，但仍高于同行业平均水平和行业基准。这一高于同行的估值意味着投资者为每一美元的收益支付了溢价，这引发了一个问题：业务基本面是否值得如此定价。</p>
</div><p>The P/E ratio is a widely used measure that compares a company’s share price to its earnings per share, providing insight into how much the market is willing to pay for future profitability. In the capital goods sector, where growth rates and profit stability vary widely, this metric is watched closely to gauge investor expectations. A higher P/E can often signal belief in robust forthcoming earnings, but also exposes buyers to the risk of overpaying if those expectations do not materialize.</p>
<div class="lb-trans"><p>市盈率是一个广泛使用的指标，用于比较公司的股价与每股收益，提供市场愿意为未来盈利支付多少的洞察。在资本品行业，增长率和利润稳定性差异很大，这一指标被密切关注，以评估投资者的预期。较高的市盈率通常表明对未来强劲收益的信心，但也使买家面临如果这些预期未能实现而导致的溢价风险。</p>
</div><p>Compared to peers in the Hong Kong Machinery industry, which have an average P/E of 12.8x, Sany Heavy Equipment International Holdings appears comparatively expensive. However, the current P/E is actually below its estimated fair P/E ratio of 16.2x. This indicates the market could be moving towards a higher justified level as profitability and growth forecasts remain strong.</p>
<div class="lb-trans"><p>与香港机械行业的同行相比，其平均市盈率为 12.8 倍，三一重工国际控股显得相对昂贵。然而，目前的市盈率实际上低于其估计的合理市盈率 16.2 倍。这表明市场可能正在向更高的合理水平移动，因为盈利能力和增长预测依然强劲。</p>
</div><p>Explore the SWS fair ratio for Sany Heavy Equipment International Holdings</p>
<div class="lb-trans"><p>探索三一重工国际控股的 SWS 合理比率</p>
</div><p><strong>Result: Price-to-Earnings of 15.4x (OVERVALUED)</strong></p>
<div class="lb-trans"><p><strong>结果：15.4 倍的市盈率（被高估）</strong></p>
</div><p>However, slower revenue growth or sudden profit pressures could quickly challenge the current optimism around Sany Heavy Equipment International Holdings’ valuation and momentum.</p>
<div class="lb-trans"><p>然而，收入增长放缓或突发的利润压力可能迅速挑战当前对三一重工国际控股估值和势头的乐观预期。</p>
</div><p>Find out about the key risks to this Sany Heavy Equipment International Holdings narrative.</p>
<div class="lb-trans"><p>了解三一重工国际控股叙述中的关键风险。</p>
</div><h2>Another View: Is the Market Missing Hidden Value?</h2>
<div class="lb-trans"><h2>另一种观点：市场是否忽视了隐藏的价值？</h2>
</div><p>While the share price looks expensive based on traditional earnings multiples, our SWS DCF model suggests Sany Heavy Equipment International Holdings is actually trading well below its estimated fair value, by 52.7%. This model points to a potential undervaluation and raises the question: has the market overlooked future growth?</p>
<div class="lb-trans"><p>虽然基于传统收益倍数股价看起来昂贵，但我们的 SWS DCF 模型表明，三一重工国际控股的交易价格实际上低于其估计的合理价值 52.7%。该模型指向潜在的低估，并提出了一个问题：市场是否忽视了未来的增长？</p>
</div><p>Look into how the SWS DCF model arrives at its fair value.</p>
<div class="lb-trans"><p>了解 SWS DCF 模型如何得出其合理价值。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/153f43e7-edcd-4fd9-9d31-b01f57e84742/chart/dcf" alt="" original-src="https://images.simplywall.st/company/153f43e7-edcd-4fd9-9d31-b01f57e84742/chart/dcf"/></p>
<p>631 Discounted Cash Flow as at Nov 2025</p>
<div class="lb-trans"><p>截至 2025 年 11 月的 631 折现现金流</p>
</div><p>Simply Wall St performs a discounted cash flow (DCF) on every stock in the world every day (check out Sany Heavy Equipment International Holdings for example). We show the entire calculation in full. You can track the result in your watchlist or portfolio and be alerted when this changes, or use our stock screener to discover 861 undervalued stocks based on their cash flows. If you save a screener we even alert you when new companies match - so you never miss a potential opportunity.</p>
<div class="lb-trans"><p>Simply Wall St 每天对全球每只股票进行折现现金流（DCF）分析（例如查看三一重工国际控股）。我们展示了完整的计算过程。您可以在您的观察列表或投资组合中跟踪结果，并在变化时收到提醒，或者使用我们的股票筛选器发现 861 只基于现金流的被低估股票。如果您保存筛选器，我们甚至会在新公司匹配时提醒您——这样您就不会错过潜在机会。</p>
</div><h2>Build Your Own Sany Heavy Equipment International Holdings Narrative</h2>
<div class="lb-trans"><h2>构建您自己的三一重工国际控股叙述</h2>
</div><p>If you have your own perspective or want to dig deeper into the numbers, you can shape your own story for Sany Heavy Equipment International Holdings in just a few minutes, and Do it your way.</p>
<div class="lb-trans"><p>如果您有自己的观点或想深入挖掘数据，您可以在几分钟内为三一重工国际控股塑造自己的故事，按照您的方式进行。</p>
</div><p>A good starting point is our analysis highlighting 2 key rewards investors are optimistic about regarding Sany Heavy Equipment International Holdings.</p>
<div class="lb-trans"><p>一个好的起点是我们的分析，强调投资者对三一重工国际控股的 2 个关键回报的乐观预期。</p>
</div><h2>Looking for more investment ideas?</h2>
<div class="lb-trans"><h2>寻找更多投资想法？</h2>
</div><p>Smart investors never settle for one opportunity. Position yourself ahead of the curve by uncovering stocks with hidden potential using these unique screens:</p>
<div class="lb-trans"><p>聪明的投资者从不满足于一个机会。通过使用这些独特的筛选器，提前发现具有隐藏潜力的股票，保持领先地位：</p>
</div><ul>
<li>Tap into tomorrow's breakthroughs by checking out these 25 AI penny stocks. These companies are making waves in the artificial intelligence landscape and shaping how technology drives real-world value.</li>
<li>Lock in powerful income streams when you access these 17 dividend stocks with yields &gt; 3%. This list features companies with attractive dividend yields and robust fundamentals.</li>
<li>Ride the momentum of market inefficiencies as you research these 861 undervalued stocks based on cash flows. This screener highlights stocks priced below their true worth for value-focused gains.</li>
</ul>
<div class="lb-trans"><ul>
<li>通过查看这 25 只人工智能便士股，抓住明天的突破。这些公司正在人工智能领域掀起波澜，塑造技术如何驱动现实世界的价值。</li>
<li>通过访问这些 17 只收益率超过 3% 的股息股票，锁定强大的收入来源。该列表包含具有吸引力的股息收益率和稳健基本面的公司。</li>
<li>研究这些 861 只基于现金流的被低估股票，利用市场低效的势头。该筛选器突出了价格低于其真实价值的股票，以实现价值导向的收益。</li>
</ul>
</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>本文由 Simply Wall St 撰写，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，我们的文章不应被视为财务建议。</strong> 它不构成购买或出售任何股票的推荐，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没有持仓。</em></p>
</div>

三一重工（SEHK:631）：在第三季度强劲的收益增长后评估其估值