<p>Brookfield Business Partners（纽约证券交易所代码：BBU）宣布了一项计划，将其公司结构简化为一家单一的、公开交易的加拿大公司。此公告与其第三季度财报的发布同时进行，财报显示净亏损和同比销售下降。</p>
<p>查看我们对 Brookfield Business Partners 的最新分析。</p>
<p>最近，Brookfield Business Partners 的股价波动剧烈，在财报和重组消息发布后，股价单日大幅下跌 8.3%。这标志着一周的波动仍在继续。不过，过去三个月的动能依然强劲，90 天的股价回报率为 25.9%，年内总股东回报率为 25.3%。这表明，尽管近期波动，长期投资者仍然保持乐观。</p>
<p>如果 Brookfield 最近的战略调整让你考虑新的机会，这可能是一个扩大搜索范围、发现高内部持股的快速增长股票的绝佳时机。</p>
<p>鉴于 Brookfield 最近的亏损和雄心勃勃的重组计划，主要问题是，急剧的回调是否代表了一个有吸引力的入场点，还是市场已经将所有可预见的增长价格化。</p>
<h2>0.2 倍的市销率：是否合理？</h2>
<p>Brookfield Business Partners 的市销率（P/S）仅为 0.2 倍，远低于其行业和同行的平均水平。最后收盘价为 31.04 美元，表明该股票与类似公司相比显得严重低估。</p>
<p>市销率显示了投资者愿意为公司每产生一美元收入支付多少。对于像 Brookfield 这样的多元化工业公司，这一比率提供了一个快速的价值快照，相较于基于收益的指标，受到当前亏损的扭曲程度较小。</p>
<p>仅为 0.2 倍的市销率是全球工业平均水平（0.8 倍）的一个小部分，且显著低于其同行（1.2 倍）。如此折扣是罕见的，可能意味着市场忽视了一些潜力，或者反映了持续的亏损和不确定的增长预测。如果市场未来开始将 Brookfield 的估值接近这些行业平均水平，可能会有显著的上行空间。</p>
<p>查看数字如何说明这一价格——在我们的估值分析中找到答案。</p>
<p><strong>结果：0.2 倍的市销率（被低估）</strong></p>
<p>然而，未解决的亏损和重组执行中的潜在挑战可能会抑制乐观情绪，如果恢复或增长未能如预期实现。</p>
<p>了解 Brookfield Business Partners 叙述中的关键风险。</p>
<h2>另一种观点：折现现金流信号显示严重低估</h2>
<p>虽然市销率与同行相比指向价值，但我们的 DCF 模型呈现出更为严峻的图景。它估计 Brookfield Business Partners 的公允价值为 135.18 美元，是其近期股价的四倍多。这一巨大差距表明市场可能严重低估了公司的长期潜力。然而，近期的亏损和重组风险是否能承受这些预测，仍有待观察。</p>
<p>了解 SWS DCF 模型如何得出其公允价值。</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/3954dc34-1f96-4d20-8411-96bef62603d5/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/3954dc34-1f96-4d20-8411-96bef62603d5/chart/dcf"/></p>
<p>截至 2025 年 11 月的 BBU 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 Brookfield Business Partners）。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 874 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 Brookfield Business Partners 叙述</h2>
<p>如果您有不同的观点或想采取主动的方法，您可以使用相同的数据快速组建自己的看法。按您的方式进行。</p>
<p>您对 Brookfield Business Partners 研究的一个很好的起点是我们的分析，强调了 1 个关键奖励和 1 个可能影响您投资决策的重要警示信号。</p>
<h2>寻找更多投资想法？</h2>
<p>通过查看这些独特的机会，提升您的投资旅程。不要错过发现隐藏价值或下一个大趋势的机会；您的观察列表明天可能会大不相同。</p>
<ul>
<li>通过调查这些 16 只收益率超过 3% 的高收益股票，解锁巨大的收入潜力，这些股票具有持续强劲的股息回报和稳健的财务健康。</li>
<li>通过这些 32 只正在重塑患者结果的医疗 AI 股票，利用最新的医疗突破，从智能诊断到 AI 辅助研究。</li>
<li>通过扫描这些 874 只基于现金流的被低估股票，抓住深度价值机会，这些股票的交易价格低于其内在价值，并有望实现反弹。</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，我们的文章并不旨在提供财务建议。</strong> 这并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没有持仓。</em></p>

<p>Brookfield Business Partners（纽约证券交易所代码：BBU）宣布了一项重组计划，以简化其公司结构，这与第三季度财报发布同时进行，财报显示净亏损和销售额下降。该股票经历了波动，包括公告后下跌 8.3%，但在过去三个月中已实现 25.9% 的回报。目前，该股票的市销率为 0.2 倍，显著低于行业平均水平，显示出被低估的迹象。折现现金流模型估计其公允价值为 135.18 美元，尽管近期面临挑战，但仍显示出潜在的长期增长</p>

<p>Brookfield Business Partners (NYSE:BBU) announced a plan to simplify its corporate structure into a single, publicly traded Canadian corporation. This announcement coincided with the release of its third-quarter earnings, which showed a net loss and lower sales year-over-year.</p>
<div class="lb-trans"><p>Brookfield Business Partners（纽约证券交易所代码：BBU）宣布了一项计划，将其公司结构简化为一家单一的、公开交易的加拿大公司。此公告与其第三季度财报的发布同时进行，财报显示净亏损和同比销售下降。</p>
</div><p>See our latest analysis for Brookfield Business Partners.</p>
<div class="lb-trans"><p>查看我们对 Brookfield Business Partners 的最新分析。</p>
</div><p>Brookfield Business Partners’ share price has been on a volatile run lately, with a sharp one-day decline of 8.3% after earnings and restructuring news. This capped a choppy week. Still, momentum over the past three months has been strong, reflected in a 25.9% 90-day share price return and a robust 25.3% total shareholder return for the year. This suggests longer-term investors remain optimistic despite recent turbulence.</p>
<div class="lb-trans"><p>最近，Brookfield Business Partners 的股价波动剧烈，在财报和重组消息发布后，股价单日大幅下跌 8.3%。这标志着一周的波动仍在继续。不过，过去三个月的动能依然强劲，90 天的股价回报率为 25.9%，年内总股东回报率为 25.3%。这表明，尽管近期波动，长期投资者仍然保持乐观。</p>
</div><p>If the recent shakeup in Brookfield’s strategy has you thinking about new opportunities, it could be the perfect chance to broaden your search and discover fast growing stocks with high insider ownership</p>
<div class="lb-trans"><p>如果 Brookfield 最近的战略调整让你考虑新的机会，这可能是一个扩大搜索范围、发现高内部持股的快速增长股票的绝佳时机。</p>
</div><p>Given Brookfield’s recent losses and ambitious restructuring plans, the main question now is whether the sharp pullback represents an attractive entry point or if the market has already priced in all foreseeable growth.</p>
<div class="lb-trans"><p>鉴于 Brookfield 最近的亏损和雄心勃勃的重组计划，主要问题是，急剧的回调是否代表了一个有吸引力的入场点，还是市场已经将所有可预见的增长价格化。</p>
</div><h2>Price-to-Sales of 0.2x: Is it justified?</h2>
<div class="lb-trans"><h2>0.2 倍的市销率：是否合理？</h2>
</div><p>Brookfield Business Partners trades at a price-to-sales (P/S) ratio of just 0.2x, far below both its industry and peer group averages. The last close was $31.04, signaling that the stock appears deeply undervalued compared to similar companies.</p>
<div class="lb-trans"><p>Brookfield Business Partners 的市销率（P/S）仅为 0.2 倍，远低于其行业和同行的平均水平。最后收盘价为 31.04 美元，表明该股票与类似公司相比显得严重低估。</p>
</div><p>The price-to-sales multiple shows how much investors are willing to pay for each dollar of revenue the company generates. For a diversified industrial company like Brookfield, this ratio provides a quick snapshot of value that is less distorted by current losses compared to earnings-based metrics.</p>
<div class="lb-trans"><p>市销率显示了投资者愿意为公司每产生一美元收入支付多少。对于像 Brookfield 这样的多元化工业公司，这一比率提供了一个快速的价值快照，相较于基于收益的指标，受到当前亏损的扭曲程度较小。</p>
</div><p>At just 0.2x, Brookfield’s P/S is a fraction of the global industrials average (0.8x) and is significantly below its peers (1.2x). Such a discount is rare and could mean the market is overlooking some potential, or it could be reflecting ongoing losses and uncertain growth forecasts. If the market begins to price Brookfield closer to those sector averages in the future, there could be substantial upside.</p>
<div class="lb-trans"><p>仅为 0.2 倍的市销率是全球工业平均水平（0.8 倍）的一个小部分，且显著低于其同行（1.2 倍）。如此折扣是罕见的，可能意味着市场忽视了一些潜力，或者反映了持续的亏损和不确定的增长预测。如果市场未来开始将 Brookfield 的估值接近这些行业平均水平，可能会有显著的上行空间。</p>
</div><p>See what the numbers say about this price — find out in our valuation breakdown.</p>
<div class="lb-trans"><p>查看数字如何说明这一价格——在我们的估值分析中找到答案。</p>
</div><p><strong>Result: Price-to-Sales of 0.2x (UNDERVALUED)</strong></p>
<div class="lb-trans"><p><strong>结果：0.2 倍的市销率（被低估）</strong></p>
</div><p>However, unresolved losses and potential challenges in the execution of the restructuring could temper optimism if recovery or growth does not materialize as expected.</p>
<div class="lb-trans"><p>然而，未解决的亏损和重组执行中的潜在挑战可能会抑制乐观情绪，如果恢复或增长未能如预期实现。</p>
</div><p>Find out about the key risks to this Brookfield Business Partners narrative.</p>
<div class="lb-trans"><p>了解 Brookfield Business Partners 叙述中的关键风险。</p>
</div><h2>Another View: Discounted Cash Flow Signals Massive Undervaluation</h2>
<div class="lb-trans"><h2>另一种观点：折现现金流信号显示严重低估</h2>
</div><p>While the price-to-sales ratio points to value compared to peers, our DCF model presents an even starker picture. It estimates Brookfield Business Partners’ fair value to be $135.18, which is more than four times its recent share price. This wide gap suggests the market may be deeply underestimating the company’s long-term potential. However, it remains to be seen whether these forecasts can withstand recent losses and restructuring risks.</p>
<div class="lb-trans"><p>虽然市销率与同行相比指向价值，但我们的 DCF 模型呈现出更为严峻的图景。它估计 Brookfield Business Partners 的公允价值为 135.18 美元，是其近期股价的四倍多。这一巨大差距表明市场可能严重低估了公司的长期潜力。然而，近期的亏损和重组风险是否能承受这些预测，仍有待观察。</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 模型如何得出其公允价值。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/3954dc34-1f96-4d20-8411-96bef62603d5/chart/dcf" alt="" original-src="https://images.simplywall.st/company/3954dc34-1f96-4d20-8411-96bef62603d5/chart/dcf"/></p>
<p>BBU Discounted Cash Flow as at Nov 2025</p>
<div class="lb-trans"><p>截至 2025 年 11 月的 BBU 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 Brookfield Business Partners 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 874 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 Brookfield Business Partners）。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 874 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 Brookfield Business Partners Narrative</h2>
<div class="lb-trans"><h2>构建您自己的 Brookfield Business Partners 叙述</h2>
</div><p>If you have a different perspective or want to take a hands-on approach, you can quickly assemble your own view using the same data. Do it your way</p>
<div class="lb-trans"><p>如果您有不同的观点或想采取主动的方法，您可以使用相同的数据快速组建自己的看法。按您的方式进行。</p>
</div><p>A great starting point for your Brookfield Business Partners research is our analysis highlighting 1 key reward and 1 important warning sign that could impact your investment decision.</p>
<div class="lb-trans"><p>您对 Brookfield Business Partners 研究的一个很好的起点是我们的分析，强调了 1 个关键奖励和 1 个可能影响您投资决策的重要警示信号。</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>Level up your investing journey by checking out these unique opportunities. Don’t miss a chance to spot hidden value or the next big trend; your watchlist could look very different tomorrow.</p>
<div class="lb-trans"><p>通过查看这些独特的机会，提升您的投资旅程。不要错过发现隐藏价值或下一个大趋势的机会；您的观察列表明天可能会大不相同。</p>
</div><ul>
<li>Unlock serious income potential by investigating high-yield contenders through these 16 dividend stocks with yields &gt; 3% with consistently strong dividend returns and robust financial health.</li>
<li>Tap into the latest healthcare breakthroughs, from smart diagnostics to AI-assisted research, with these 32 healthcare AI stocks on companies reshaping patient outcomes.</li>
<li>Seize deep value opportunities by scanning these 874 undervalued stocks based on cash flows for stocks trading below their intrinsic worth and poised for a turnaround.</li>
</ul>
<div class="lb-trans"><ul>
<li>通过调查这些 16 只收益率超过 3% 的高收益股票，解锁巨大的收入潜力，这些股票具有持续强劲的股息回报和稳健的财务健康。</li>
<li>通过这些 32 只正在重塑患者结果的医疗 AI 股票，利用最新的医疗突破，从智能诊断到 AI 辅助研究。</li>
<li>通过扫描这些 874 只基于现金流的被低估股票，抓住深度价值机会，这些股票的交易价格低于其内在价值，并有望实现反弹。</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，我们的文章并不旨在提供财务建议。</strong> 这并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没有持仓。</em></p>
</div>

Brookfield Business Partners (NYSE:BBU)：公司重组计划及第三季度财报发布后的估值分析