<p>SIGA Technologies (SIGA) 刚刚发布了 2025 年第三季度的财报，显示收入较去年大幅下降，并在该期间出现净亏损。有趣的是，前九个月的业绩则展现出更强劲的表现。收入和净利润均远高于去年的水平。</p>
<p>查看我们对 SIGA Technologies 的最新分析。</p>
<p>令人失望的第三季度数据是在年初一系列强劲业绩之后发布的，股价迅速反应，收盘价为 6.54 美元，单日下跌近 20%。总体而言，尽管年初至今的股价回报仍上涨 4.81%，但一年期的总股东回报为负值，达到-4.59%，反映出随着投资者权衡近期挫折和大幅改善的长期基本面，市场动能正在减弱。</p>
<p>如果这些情绪变化让你更加关注生物科技，现在可能是探索机会的最佳时机，查看完整列表，免费获取。</p>
<p>季度业绩的急剧下降与年初至今的稳健增长形成鲜明对比。这给投资者提出了一个关键问题：在这次挫折后，SIGA Technologies 是否被低估，还是市场已经考虑了其未来前景？</p>
<h2>6.3 倍的市盈率：是否合理？</h2>
<p>在最后收盘价为 6.54 美元的情况下，SIGA Technologies 的市盈率（P/E）为 6.3 倍。这一水平远低于美国制药行业的平均水平 17.4 倍。这一显著差距表明，市场对 SIGA 的盈利给予了远低于同行的估值。</p>
<p>市盈率衡量投资者愿意为公司每一美元的盈利支付多少。对于像 SIGA 这样的制药企业，由于产品合同和政府协议导致盈利波动较大，市盈率可能会根据利润趋势和投资者对未来增长的信心大幅波动。</p>
<p>与其直接同行相比，SIGA 当前的市盈率显得特别低。同行平均为 25.5 倍，整个行业为 17.4 倍，而 SIGA 则为 6.3 倍。更引人注目的是，回归分析表明，SIGA 的 “合理” 市盈率应为 30.3 倍。这表明，如果情绪或增长预期发生变化，市场可能会朝着历史估值模式所暗示的方向移动，存在相当大的差距。</p>
<p>探索 SIGA Technologies 的 SWS 合理市盈率</p>
<p><strong>结果：6.3 倍的市盈率（被低估）</strong></p>
<p>然而，近期动能减缓以及 SIGA 对大型政府合同的高度依赖可能会使持续增长和估值重估面临风险。</p>
<p>了解 SIGA Technologies 叙述中的关键风险。</p>
<h2>另一种观点：DCF 模型如何看待？</h2>
<p>虽然在比较盈利倍数时 SIGA Technologies 显得被低估，但 SWS DCF 模型则提出了更大胆的观点。根据这种方法，SIGA 的合理价值远高于其当前股价，暗示出比单纯倍数所揭示的更大的差距。市场是否忽视了某些因素，还是风险超出预期？</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/2e5b812f-a478-4e20-b9ac-7df0c982f292/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/2e5b812f-a478-4e20-b9ac-7df0c982f292/chart/dcf"/></p>
<p>截至 2025 年 11 月的 SIGA 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 SIGA Technologies）。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 870 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 SIGA Technologies 叙述</h2>
<p>如果您有自己的观点或想采取主动的方法，您可以使用相同的数据在几分钟内制作自己的分析。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 SIGA Technologies 的三个关键回报的乐观预期。</p>
<h2>寻找更多投资机会？</h2>
<p>通过使用 Simply Wall Street 筛选器来扩大您的投资组合，抢先于市场，精准定位高潜力股票。</p>
<ul>
<li>最大化您的增长潜力，发现这些 870 只基于现金流的被低估股票，市场可能正在忽视它们。</li>
<li>通过查看这些 16 只股息收益率超过 3% 的稳定收入股票，锁定可靠的回报。</li>
<li>通过寻找这些 24 只人工智能便士股票，抓住技术浪潮，探索人工智能的突破。</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> 这并不构成买卖任何股票的推荐，也未考虑您的目标或财务状况。我们旨在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>

SIGA

<p>SIGA Technologies 在 2025 年第三季度报告了显著的收益下降，导致净亏损，尽管年初至今的增长强劲。股价下跌近 20%，至 6.54 美元，市盈率为 6.3 倍，显著低于行业平均水平。这引发了关于 SIGA 是否被低估或市场是否在考虑未来风险的问题。折现现金流分析表明其公允价值远高于当前水平，暗示市场可能存在定价错误。投资者被鼓励在考虑与 SIGA 依赖政府合同相关的风险时，探索投资机会</p>

<p>SIGA Technologies (SIGA) just released its third quarter 2025 earnings, showing revenue that dropped sharply from last year and moving into a net loss for the period. Interestingly, results for the first nine months paint a much stronger picture. Both revenue and net income are well above last year’s levels.</p>
<div class="lb-trans"><p>SIGA Technologies (SIGA) 刚刚发布了 2025 年第三季度的财报，显示收入较去年大幅下降，并在该期间出现净亏损。有趣的是，前九个月的业绩则展现出更强劲的表现。收入和净利润均远高于去年的水平。</p>
</div><p>See our latest analysis for SIGA Technologies.</p>
<div class="lb-trans"><p>查看我们对 SIGA Technologies 的最新分析。</p>
</div><p>The disappointing third quarter numbers came after a string of stronger results earlier in the year, and the share price reacted swiftly, closing at $6.54 after a one-day decline of nearly 20%. Overall, while the year-to-date share price return is still up 4.81%, the one-year total shareholder return is in negative territory at -4.59%, reflecting fading momentum as investors weigh both the recent setback and the much improved long-term fundamentals.</p>
<div class="lb-trans"><p>令人失望的第三季度数据是在年初一系列强劲业绩之后发布的，股价迅速反应，收盘价为 6.54 美元，单日下跌近 20%。总体而言，尽管年初至今的股价回报仍上涨 4.81%，但一年期的总股东回报为负值，达到-4.59%，反映出随着投资者权衡近期挫折和大幅改善的长期基本面，市场动能正在减弱。</p>
</div><p>If these shifts in sentiment have you watching biotech more closely, now could be the perfect moment to explore opportunities with See the full list for free.</p>
<div class="lb-trans"><p>如果这些情绪变化让你更加关注生物科技，现在可能是探索机会的最佳时机，查看完整列表，免费获取。</p>
</div><p>The sharp drop in quarterly results stands in contrast to solid year-to-date growth. This raises a critical question for investors: Is SIGA Technologies undervalued after this setback, or is the market already factoring in its future prospects?</p>
<div class="lb-trans"><p>季度业绩的急剧下降与年初至今的稳健增长形成鲜明对比。这给投资者提出了一个关键问题：在这次挫折后，SIGA Technologies 是否被低估，还是市场已经考虑了其未来前景？</p>
</div><h2>Price-to-Earnings of 6.3x: Is it justified?</h2>
<div class="lb-trans"><h2>6.3 倍的市盈率：是否合理？</h2>
</div><p>At a last close price of $6.54, SIGA Technologies is trading at a price-to-earnings (P/E) ratio of 6.3x. This places it well below the US Pharmaceuticals industry average of 17.4x. This significant gap suggests the market is assigning a much lower valuation to SIGA’s earnings compared to its industry peers.</p>
<div class="lb-trans"><p>在最后收盘价为 6.54 美元的情况下，SIGA Technologies 的市盈率（P/E）为 6.3 倍。这一水平远低于美国制药行业的平均水平 17.4 倍。这一显著差距表明，市场对 SIGA 的盈利给予了远低于同行的估值。</p>
</div><p>The price-to-earnings ratio measures how much investors are willing to pay for each dollar of a company’s earnings. For a pharmaceutical business like SIGA, which has large swings in earnings from product contracts and government agreements, the P/E can move substantially depending on profit trends and investor confidence in future growth.</p>
<div class="lb-trans"><p>市盈率衡量投资者愿意为公司每一美元的盈利支付多少。对于像 SIGA 这样的制药企业，由于产品合同和政府协议导致盈利波动较大，市盈率可能会根据利润趋势和投资者对未来增长的信心大幅波动。</p>
</div><p>Compared to its direct peers, SIGA’s current P/E stands out as particularly low. The peer average is 25.5x and the broader industry is at 17.4x, yet SIGA sits at 6.3x. Even more striking, regression analysis suggests the “fair” ratio for SIGA should be 30.3x. This indicates a sizeable gap to what historic valuation patterns imply the market could move towards if sentiment or growth expectations change.</p>
<div class="lb-trans"><p>与其直接同行相比，SIGA 当前的市盈率显得特别低。同行平均为 25.5 倍，整个行业为 17.4 倍，而 SIGA 则为 6.3 倍。更引人注目的是，回归分析表明，SIGA 的 “合理” 市盈率应为 30.3 倍。这表明，如果情绪或增长预期发生变化，市场可能会朝着历史估值模式所暗示的方向移动，存在相当大的差距。</p>
</div><p>Explore the SWS fair ratio for SIGA Technologies</p>
<div class="lb-trans"><p>探索 SIGA Technologies 的 SWS 合理市盈率</p>
</div><p><strong>Result: Price-to-Earnings of 6.3x (UNDERVALUED)</strong></p>
<div class="lb-trans"><p><strong>结果：6.3 倍的市盈率（被低估）</strong></p>
</div><p>However, slowing recent momentum and SIGA’s heavy reliance on large government contracts could put continued growth and valuation re-rating at risk.</p>
<div class="lb-trans"><p>然而，近期动能减缓以及 SIGA 对大型政府合同的高度依赖可能会使持续增长和估值重估面临风险。</p>
</div><p>Find out about the key risks to this SIGA Technologies narrative.</p>
<div class="lb-trans"><p>了解 SIGA Technologies 叙述中的关键风险。</p>
</div><h2>Another View: What Does the DCF Say?</h2>
<div class="lb-trans"><h2>另一种观点：DCF 模型如何看待？</h2>
</div><p>While SIGA Technologies appears undervalued when comparing earnings multiples, the SWS DCF model presents a much bolder statement. According to this approach, SIGA’s fair value sits far above its current share price, suggesting a potentially larger gap than multiples alone reveal. Could the market be missing something, or is there more risk than meets the eye?</p>
<div class="lb-trans"><p>虽然在比较盈利倍数时 SIGA Technologies 显得被低估，但 SWS DCF 模型则提出了更大胆的观点。根据这种方法，SIGA 的合理价值远高于其当前股价，暗示出比单纯倍数所揭示的更大的差距。市场是否忽视了某些因素，还是风险超出预期？</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/2e5b812f-a478-4e20-b9ac-7df0c982f292/chart/dcf" alt="" original-src="https://images.simplywall.st/company/2e5b812f-a478-4e20-b9ac-7df0c982f292/chart/dcf"/></p>
<p>SIGA Discounted Cash Flow as at Nov 2025</p>
<div class="lb-trans"><p>截至 2025 年 11 月的 SIGA 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 SIGA Technologies 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 870 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 SIGA Technologies）。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 870 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 SIGA Technologies Narrative</h2>
<div class="lb-trans"><h2>构建您自己的 SIGA Technologies 叙述</h2>
</div><p>If you have your own perspective or want to take a hands-on approach, you can use the same data to craft your own analysis in just a few minutes. Do it your way</p>
<div class="lb-trans"><p>如果您有自己的观点或想采取主动的方法，您可以使用相同的数据在几分钟内制作自己的分析。按照您的方式进行。</p>
</div><p>A good starting point is our analysis highlighting 3 key rewards investors are optimistic about regarding SIGA Technologies.</p>
<div class="lb-trans"><p>一个好的起点是我们的分析，强调投资者对 SIGA Technologies 的三个关键回报的乐观预期。</p>
</div><h2>Looking for even more investing opportunities?</h2>
<div class="lb-trans"><h2>寻找更多投资机会？</h2>
</div><p>Broaden your portfolio and get ahead of the crowd by using the Simply Wall Street Screener to pinpoint high-potential stocks before the market catches on.</p>
<div class="lb-trans"><p>通过使用 Simply Wall Street 筛选器来扩大您的投资组合，抢先于市场，精准定位高潜力股票。</p>
</div><ul>
<li>Maximize your growth potential and uncover value with these 870 undervalued stocks based on cash flows that the market may be overlooking right now.</li>
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<li>Jump on the technology wave by seeking out innovation among these 24 AI penny stocks to explore breakthroughs in artificial intelligence.</li>
</ul>
<div class="lb-trans"><ul>
<li>最大化您的增长潜力，发现这些 870 只基于现金流的被低估股票，市场可能正在忽视它们。</li>
<li>通过查看这些 16 只股息收益率超过 3% 的稳定收入股票，锁定可靠的回报。</li>
<li>通过寻找这些 24 只人工智能便士股票，抓住技术浪潮，探索人工智能的突破。</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> 这并不构成买卖任何股票的推荐，也未考虑您的目标或财务状况。我们旨在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>
</div>

在第三季度收益失误和年初至今的强劲增长之后，评估 Siga Technologies（SIGA）的估值