<p>马自达汽车（TSE:7261）刚刚发布了截至 2026 年 3 月的财年合并收益展望，并宣布将年末股息预期提高至每股 30 日元。这两个举措表明管理层对业绩和股东价值充满信心。</p>
<p>查看我们对马自达汽车的最新分析。</p>
<p>马自达汽车的新股息预期和收益展望发布之际，其股价近期经历了一些波动，尽管最近股价有所下跌，但整体势头依然强劲。其 1 年总股东回报率为 9.8%，5 年回报率则高达 85.9%。这种尽管短期波动但长期稳定的表现，反映了投资者对马自达增长路径和回报股东承诺的不断演变的看法。</p>
<p>如果今天的举措让你考虑更广泛的汽车行业，现在是了解行业动态的好时机，查看我们精心策划的汽车制造商筛选器：免费查看完整列表。</p>
<p>随着马自达汽车最近的指引和股息提升，投资者可能会想知道，考虑到其基本面，该股票是否在交易时被低估，或者市场是否已经考虑了未来的情况。</p>
<h2>19.8 倍的市盈率：是否合理？</h2>
<p>在最近收盘价为 1,049 日元时，马自达汽车的市盈率（P/E）为 19.8 倍。这个数字明显高于行业和同行的平均水平，表明投资者可能在定价更强的盈利能力或未来增长。</p>
<p>市盈率代表投资者愿意为预期收益的每日元支付的价格。对于马自达来说，19.8 倍的市盈率意味着买家对该公司的当前利润给予了溢价，可能预期盈利潜力的恢复或持续改善。</p>
<p>与亚洲汽车行业平均的 18.3 倍和同行组平均的 12.6 倍相比，马自达的倍数较高。然而，根据对公允价值的回归分析，马自达的估计 “公允” 市盈率为 27.9 倍，远高于市场目前的水平。如果马自达达到或超越其指引，这将为情绪转向更加积极提供空间。</p>
<p>探索马自达汽车的 SWS 公允比率</p>
<p><strong>结果：19.8 倍的市盈率（被高估）</strong></p>
<p>然而，收入增长放缓或更广泛汽车行业的意外逆风可能会挑战马自达乐观的收益展望，并影响未来的估值。</p>
<p>了解马自达汽车叙述的关键风险。</p>
<h2>另一种观点：我们的 DCF 模型有什么建议？</h2>
<p>虽然马自达汽车的市盈率与同行相比显得昂贵，但我们的 SWS DCF 模型则讲述了不同的故事。通过估算未来现金流，DCF 方法指出每股公允价值为 1,172 日元，约比当前价格高出 10.5%。这是否暗示了一个可能被倍数忽视的隐藏机会？</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/25d36f4b-9eca-4726-9cf0-18907a8a0f3d/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/25d36f4b-9eca-4726-9cf0-18907a8a0f3d/chart/dcf"/></p>
<p>截至 2025 年 11 月的 7261 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（例如查看马自达汽车）。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 901 只基于现金流的被低估股票。如果您保存了筛选器，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>构建您自己的马自达汽车叙述</h2>
<p>如果您有自己的观点或想更仔细地查看数字，您可以在几分钟内构建您自己的故事版本。按照您的方式进行。</p>
<p>您进行马自达汽车研究的一个很好的起点是我们的分析，强调了 2 个关键奖励和 4 个可能影响您投资决策的重要警示信号。</p>
<h2>准备好找到下一个成功的想法了吗？</h2>
<p>不要在一旁观望，新的机会每天都在出现。Simply Wall Street 筛选器让您能够发现可能重塑您投资组合的股票。</p>
<ul>
<li>通过查看这些 3579 只具有强大财务状况的低价股，捕捉未开发的增长，这些股票正在以稳健的财务状况和市场潜力积累势头。</li>
<li>通过这些 18 只收益率超过 3% 的股息股票，寻找可靠的收入来源，从而获得更多投资收益，这些股票提供高于平均水平的收益。</li>
<li>通过这些 27 只 AI 低价股走在潮流前沿，这些股票正在利用人工智能推动各行业的变革性突破。</li>
</ul>
<p><em>本文由 Simply Wall St 撰写，内容具有一般性。<strong>我们基于历史数据和分析师预测提供评论，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，也不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>

马自达汽车(ADR)

<p>马自达汽车 (ADR)（东京证券交易所代码：7261）发布了截至 2026 年 3 月的财年盈利展望，并将年末股息预测提高至每股 30 日元。尽管近期股价波动，马自达的长期表现依然强劲。公司的市盈率为 19.8 倍，高于行业平均水平，表明对未来增长的乐观预期。然而，折现现金流模型显示每股公允价值为 1,172 日元，暗示可能被低估。投资者应考虑乐观的盈利展望以及更广泛汽车行业中的潜在风险</p>

<p>Mazda Motor (TSE:7261) just released its consolidated earnings outlook for the fiscal year ending March 2026 and announced an increase in its year-end dividend forecast to JPY 30 per share. Both moves suggest management feels confident about performance and shareholder value.</p>
<div class="lb-trans"><p>马自达汽车（TSE:7261）刚刚发布了截至 2026 年 3 月的财年合并收益展望，并宣布将年末股息预期提高至每股 30 日元。这两个举措表明管理层对业绩和股东价值充满信心。</p>
</div><p>See our latest analysis for Mazda Motor.</p>
<div class="lb-trans"><p>查看我们对马自达汽车的最新分析。</p>
</div><p>Mazda Motor’s new dividend forecast and earnings outlook come as its shares have seen some ups and downs lately, with a recent dip in share price but strong overall momentum. Its 1-year total shareholder return stands at 9.8%, and the 5-year figure is an impressive 85.9%. This steady long-term performance, despite short-term volatility, reflects investors’ evolving views on Mazda’s growth path and commitment to rewarding shareholders.</p>
<div class="lb-trans"><p>马自达汽车的新股息预期和收益展望发布之际，其股价近期经历了一些波动，尽管最近股价有所下跌，但整体势头依然强劲。其 1 年总股东回报率为 9.8%，5 年回报率则高达 85.9%。这种尽管短期波动但长期稳定的表现，反映了投资者对马自达增长路径和回报股东承诺的不断演变的看法。</p>
</div><p>If today’s moves have you thinking about the wider auto sector, it’s a great moment to see what’s happening across the industry with our curated auto manufacturers screener: See the full list for free.</p>
<div class="lb-trans"><p>如果今天的举措让你考虑更广泛的汽车行业，现在是了解行业动态的好时机，查看我们精心策划的汽车制造商筛选器：免费查看完整列表。</p>
</div><p>With Mazda Motor’s recent guidance and dividend uplift, investors might be wondering whether the stock is trading at a bargain given its fundamentals, or if the market has already accounted for what lies ahead.</p>
<div class="lb-trans"><p>随着马自达汽车最近的指引和股息提升，投资者可能会想知道，考虑到其基本面，该股票是否在交易时被低估，或者市场是否已经考虑了未来的情况。</p>
</div><h2>Price-to-Earnings of 19.8x: Is it justified?</h2>
<div class="lb-trans"><h2>19.8 倍的市盈率：是否合理？</h2>
</div><p>At its last close of ¥1,049, Mazda Motor is trading on a price-to-earnings (P/E) ratio of 19.8x. This figure sits notably above both the industry and peer averages, suggesting investors may be pricing in stronger profitability or future growth.</p>
<div class="lb-trans"><p>在最近收盘价为 1,049 日元时，马自达汽车的市盈率（P/E）为 19.8 倍。这个数字明显高于行业和同行的平均水平，表明投资者可能在定价更强的盈利能力或未来增长。</p>
</div><p>The P/E ratio represents how much investors are willing to pay today for a yen of expected earnings. For Mazda, a P/E of 19.8x means buyers are valuing the company’s current profits at a premium compared to similar automakers, perhaps anticipating a recovery or sustained improvement in earnings potential.</p>
<div class="lb-trans"><p>市盈率代表投资者愿意为预期收益的每日元支付的价格。对于马自达来说，19.8 倍的市盈率意味着买家对该公司的当前利润给予了溢价，可能预期盈利潜力的恢复或持续改善。</p>
</div><p>Compared to the Asian auto industry average of 18.3x and a peer group average of 12.6x, Mazda’s multiple is high. However, based on regression analysis of fair value, the estimated &#34;fair&#34; P/E ratio for Mazda is 27.9x, which is considerably ahead of where the market is now. This gives room for sentiment to turn more positive if Mazda hits or beats its guidance.</p>
<div class="lb-trans"><p>与亚洲汽车行业平均的 18.3 倍和同行组平均的 12.6 倍相比，马自达的倍数较高。然而，根据对公允价值的回归分析，马自达的估计 “公允” 市盈率为 27.9 倍，远高于市场目前的水平。如果马自达达到或超越其指引，这将为情绪转向更加积极提供空间。</p>
</div><p>Explore the SWS fair ratio for Mazda Motor</p>
<div class="lb-trans"><p>探索马自达汽车的 SWS 公允比率</p>
</div><p><strong>Result: Price-to-Earnings of 19.8x (OVERVALUED)</strong></p>
<div class="lb-trans"><p><strong>结果：19.8 倍的市盈率（被高估）</strong></p>
</div><p>However, softer revenue growth or unexpected headwinds in the broader auto sector could challenge Mazda’s upbeat earnings outlook and impact future valuations.</p>
<div class="lb-trans"><p>然而，收入增长放缓或更广泛汽车行业的意外逆风可能会挑战马自达乐观的收益展望，并影响未来的估值。</p>
</div><p>Find out about the key risks to this Mazda Motor narrative.</p>
<div class="lb-trans"><p>了解马自达汽车叙述的关键风险。</p>
</div><h2>Another View: What Does Our DCF Model Suggest?</h2>
<div class="lb-trans"><h2>另一种观点：我们的 DCF 模型有什么建议？</h2>
</div><p>While Mazda Motor's price-to-earnings ratio looks expensive compared to peers, our SWS DCF model tells a different story. By estimating future cash flows, the DCF approach points to a fair value of ¥1,172 per share, about 10.5% above the current price. Could this suggest a hidden opportunity that multiples might overlook?</p>
<div class="lb-trans"><p>虽然马自达汽车的市盈率与同行相比显得昂贵，但我们的 SWS DCF 模型则讲述了不同的故事。通过估算未来现金流，DCF 方法指出每股公允价值为 1,172 日元，约比当前价格高出 10.5%。这是否暗示了一个可能被倍数忽视的隐藏机会？</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/25d36f4b-9eca-4726-9cf0-18907a8a0f3d/chart/dcf" alt="" original-src="https://images.simplywall.st/company/25d36f4b-9eca-4726-9cf0-18907a8a0f3d/chart/dcf"/></p>
<p>7261 Discounted Cash Flow as at Nov 2025</p>
<div class="lb-trans"><p>截至 2025 年 11 月的 7261 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 Mazda Motor 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 901 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（例如查看马自达汽车）。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 901 只基于现金流的被低估股票。如果您保存了筛选器，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 Mazda Motor Narrative</h2>
<div class="lb-trans"><h2>构建您自己的马自达汽车叙述</h2>
</div><p>If you have your own perspective or want to take a closer look at the numbers, you can build your version of the story 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更仔细地查看数字，您可以在几分钟内构建您自己的故事版本。按照您的方式进行。</p>
</div><p>A great starting point for your Mazda Motor research is our analysis highlighting 2 key rewards and 4 important warning signs that could impact your investment decision.</p>
<div class="lb-trans"><p>您进行马自达汽车研究的一个很好的起点是我们的分析，强调了 2 个关键奖励和 4 个可能影响您投资决策的重要警示信号。</p>
</div><h2>Ready to Find Your Next Winning Idea?</h2>
<div class="lb-trans"><h2>准备好找到下一个成功的想法了吗？</h2>
</div><p>Don’t sit on the sidelines while new opportunities pop up every day. The Simply Wall Street Screener gives you the power to spot stocks that could reshape your portfolio.</p>
<div class="lb-trans"><p>不要在一旁观望，新的机会每天都在出现。Simply Wall Street 筛选器让您能够发现可能重塑您投资组合的股票。</p>
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<li>Get ahead of the curve with these 27 AI penny stocks, which are powering transformative breakthroughs across industries with artificial intelligence.</li>
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<div class="lb-trans"><ul>
<li>通过查看这些 3579 只具有强大财务状况的低价股，捕捉未开发的增长，这些股票正在以稳健的财务状况和市场潜力积累势头。</li>
<li>通过这些 18 只收益率超过 3% 的股息股票，寻找可靠的收入来源，从而获得更多投资收益，这些股票提供高于平均水平的收益。</li>
<li>通过这些 27 只 AI 低价股走在潮流前沿，这些股票正在利用人工智能推动各行业的变革性突破。</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>我们基于历史数据和分析师预测提供评论，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，也不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>

马自达（TSE:7261）：在收益展望和股息预测上调后重新评估估值