<p>Spectrum Brands Holdings（纽约证券交易所代码：SPB）刚刚发布了其第四季度和全年业绩，显示由于需求疲软和持续的供应链问题，收入有所下降。然而，由于战略性成本控制，该公司的利润率有所改善。</p>
<p>请查看我们对 Spectrum Brands Holdings 的最新分析。</p>
<p>Spectrum Brands 的股票今年承压，年初至今的股价回报为-31.3%，过去十二个月的总股东回报为-35.7%。尽管管理层正在关注新的收购并重申其股息政策，但投资者的动能依然疲软。这反映出持续的类别疲软和对 2026 年销售前景的谨慎乐观。尽管如此，三年期的正总回报为 25.3%，暗示长期持有者的表现更佳，即便近期的风险感知对股票造成了压力。</p>
<p>如果你想了解 Spectrum 最新更新之外的其他动态，现在是扩大搜索范围、发现高内部持股的快速增长股票的好时机。</p>
<p>由于股票交易价格显著低于分析师的目标价，投资者不禁要问 Spectrum Brands 目前是否被低估，还是市场已经考虑了所有未来的增长预期。</p>
<h2>最受欢迎的叙述：23.6% 被低估</h2>
<p>根据最新的公允价值估计为 75.14 美元，Spectrum Brands 的股票看起来定价吸引，交易价格远低于其最近的收盘价 57.38 美元。这种脱节突显了当前分析师预期背后的大胆前景。</p>
<blockquote>
<p>加速的产品创新和在宠物护理领域的扩展分销（例如，新健康和保健零食、Nature's Miracle、国际发布）使 Spectrum 能够受益于全球宠物拥有量和高端化的持续增长，推动经常性收入和市场份额的提升。</p>
</blockquote>
<p>阅读完整叙述。</p>
<p>好奇是什么基础数字使这一切成为可能？该叙述的定价依赖于乐观的经常性收入预测和基于行业转型假设的未来利润倍数。揭示推动这一引人注目的估计的预测和行业动态。</p>
<p><strong>结果：公允价值为 75.14 美元（被低估）</strong></p>
<p>完整阅读叙述，了解预测背后的原因。</p>
<p>然而，持续的供应链风险和激烈的零售竞争可能迅速削弱 Spectrum 的改善利润率，并挑战对持续复苏的乐观前景。</p>
<p>了解 Spectrum Brands Holdings 叙述的关键风险。</p>
<h2>自建 Spectrum Brands Holdings 叙述</h2>
<p>如果你对 Spectrum Brands 有不同看法或想亲自深入数字，你可以在几分钟内轻松构建自己对公司的看法。以你自己的方式进行。</p>
<p>进行 Spectrum Brands Holdings 研究的一个良好起点是我们的分析，突出了可能影响你投资决策的 5 个关键收益和 2 个重要警示信号。</p>
<h2>寻找更多聪明的投资机会？</h2>
<p>成千上万的投资者使用 Simply Wall Street 筛选器寻找隐藏的宝石，建立收入，或抢占明天的创新。不要错过你的下一个重大举动。</p>
<ul>
<li>利用新的收入来源，并与这 15 只收益率超过 3% 的股息股票进行比较，提供吸引人的高于 3% 的分红。</li>
<li>发现正在转变行业的创新者，使用这 26 只处于人工智能突破和利润前沿的 AI 便士股票。</li>
<li>通过从这些 921 只基于现金流的被低估股票开始，为价值驱动的增长定位你的投资组合，基于强健的现金流分析和市场潜力。</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，我们的文章并不构成财务建议。</strong> 这并不构成买入或卖出任何股票的推荐，也未考虑你的目标或财务状况。我们旨在为你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 对提到的任何股票没有持仓。</em></p>

<p>Spectrum Brands Holdings 报告称，由于需求疲软和供应链问题，收入出现下降，但通过成本控制改善了利润率。该股票年初至今下跌了 31.3%，公允价值估计为 75.14 美元，表明与当前价格 57.38 美元相比被低估。尽管面临挑战，公司仍专注于收购并维持分红，长期回报前景积极。分析师指出，宠物护理和分销领域有潜在增长，但供应链风险和竞争仍然是关注点</p>

<p>Spectrum Brands Holdings (NYSE:SPB) just released its fourth quarter and full-year results, revealing a dip in revenue due to softer demand and ongoing supply chain issues. However, the company’s profit margins improved as a result of strategic cost controls.</p>
<div class="lb-trans"><p>Spectrum Brands Holdings（纽约证券交易所代码：SPB）刚刚发布了其第四季度和全年业绩，显示由于需求疲软和持续的供应链问题，收入有所下降。然而，由于战略性成本控制，该公司的利润率有所改善。</p>
</div><p>See our latest analysis for Spectrum Brands Holdings.</p>
<div class="lb-trans"><p>请查看我们对 Spectrum Brands Holdings 的最新分析。</p>
</div><p>Spectrum Brands shares have been under pressure this year, with a year-to-date share price return of -31.3% and a total shareholder return of -35.7% over the last twelve months. While management is eyeing new acquisitions and reaffirming its dividend policy, investor momentum has been sluggish. This reflects persistent category weakness and a cautiously optimistic sales outlook for 2026. Still, a positive three-year total return of 25.3% hints that longer-term holders have fared better, even if recent risk perception is weighing on the stock.</p>
<div class="lb-trans"><p>Spectrum Brands 的股票今年承压，年初至今的股价回报为-31.3%，过去十二个月的总股东回报为-35.7%。尽管管理层正在关注新的收购并重申其股息政策，但投资者的动能依然疲软。这反映出持续的类别疲软和对 2026 年销售前景的谨慎乐观。尽管如此，三年期的正总回报为 25.3%，暗示长期持有者的表现更佳，即便近期的风险感知对股票造成了压力。</p>
</div><p>If you’re curious to see what else is on the move beyond Spectrum’s latest update, now’s a great time to broaden your search and discover fast growing stocks with high insider ownership</p>
<div class="lb-trans"><p>如果你想了解 Spectrum 最新更新之外的其他动态，现在是扩大搜索范围、发现高内部持股的快速增长股票的好时机。</p>
</div><p>With shares trading at a significant discount to analyst price targets, investors are left to wonder whether Spectrum Brands is undervalued right now or if the market has already factored in all future growth expectations.</p>
<div class="lb-trans"><p>由于股票交易价格显著低于分析师的目标价，投资者不禁要问 Spectrum Brands 目前是否被低估，还是市场已经考虑了所有未来的增长预期。</p>
</div><h2>Most Popular Narrative: 23.6% Undervalued</h2>
<div class="lb-trans"><h2>最受欢迎的叙述：23.6% 被低估</h2>
</div><p>With the latest fair value estimate of $75.14, Spectrum Brands stock looks attractively priced, trading well below its recent close of $57.38. This disconnect highlights the bold outlook underpinning current analyst expectations.</p>
<div class="lb-trans"><p>根据最新的公允价值估计为 75.14 美元，Spectrum Brands 的股票看起来定价吸引，交易价格远低于其最近的收盘价 57.38 美元。这种脱节突显了当前分析师预期背后的大胆前景。</p>
</div><blockquote>
<p>Accelerated product innovation and expanded distribution in pet care (for example, new health and wellness treats, Nature's Miracle, international launches) enable Spectrum to benefit from the ongoing global increase in pet ownership and premiumization, driving recurring revenue and market share gains.</p>
</blockquote>
<div class="lb-trans"><blockquote>
<p>加速的产品创新和在宠物护理领域的扩展分销（例如，新健康和保健零食、Nature's Miracle、国际发布）使 Spectrum 能够受益于全球宠物拥有量和高端化的持续增长，推动经常性收入和市场份额的提升。</p>
</blockquote>
</div><p>Read the complete narrative.</p>
<div class="lb-trans"><p>阅读完整叙述。</p>
</div><p>Curious what underlying numbers make this possible? The narrative’s pricing relies on optimistic recurring revenue forecasts and a future profit multiple based on sector-shifting assumptions. Uncover the projections and industry dynamics that power this compelling estimate.</p>
<div class="lb-trans"><p>好奇是什么基础数字使这一切成为可能？该叙述的定价依赖于乐观的经常性收入预测和基于行业转型假设的未来利润倍数。揭示推动这一引人注目的估计的预测和行业动态。</p>
</div><p><strong>Result: Fair Value of $75.14 (UNDERVALUED)</strong></p>
<div class="lb-trans"><p><strong>结果：公允价值为 75.14 美元（被低估）</strong></p>
</div><p>Have a read of the narrative in full and understand what's behind the forecasts.</p>
<div class="lb-trans"><p>完整阅读叙述，了解预测背后的原因。</p>
</div><p>However, persistent supply chain risks and aggressive retail competition could quickly undercut Spectrum’s improving margins and challenge the bullish outlook for sustained recovery.</p>
<div class="lb-trans"><p>然而，持续的供应链风险和激烈的零售竞争可能迅速削弱 Spectrum 的改善利润率，并挑战对持续复苏的乐观前景。</p>
</div><p>Find out about the key risks to this Spectrum Brands Holdings narrative.</p>
<div class="lb-trans"><p>了解 Spectrum Brands Holdings 叙述的关键风险。</p>
</div><h2>Build Your Own Spectrum Brands Holdings Narrative</h2>
<div class="lb-trans"><h2>自建 Spectrum Brands Holdings 叙述</h2>
</div><p>If you see Spectrum Brands differently or want to dig into the numbers firsthand, you can easily craft your own view of the company in just minutes. Do it your way</p>
<div class="lb-trans"><p>如果你对 Spectrum Brands 有不同看法或想亲自深入数字，你可以在几分钟内轻松构建自己对公司的看法。以你自己的方式进行。</p>
</div><p>A great starting point for your Spectrum Brands Holdings research is our analysis highlighting 5 key rewards and 2 important warning signs that could impact your investment decision.</p>
<div class="lb-trans"><p>进行 Spectrum Brands Holdings 研究的一个良好起点是我们的分析，突出了可能影响你投资决策的 5 个关键收益和 2 个重要警示信号。</p>
</div><h2>Looking for More Smart Investment Opportunities?</h2>
<div class="lb-trans"><h2>寻找更多聪明的投资机会？</h2>
</div><p>Thousands of investors use the Simply Wall Street Screener to find hidden gems, build income, or get ahead of tomorrow’s innovation. Don’t miss your next big move.</p>
<div class="lb-trans"><p>成千上万的投资者使用 Simply Wall Street 筛选器寻找隐藏的宝石，建立收入，或抢占明天的创新。不要错过你的下一个重大举动。</p>
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</ul>
<div class="lb-trans"><ul>
<li>利用新的收入来源，并与这 15 只收益率超过 3% 的股息股票进行比较，提供吸引人的高于 3% 的分红。</li>
<li>发现正在转变行业的创新者，使用这 26 只处于人工智能突破和利润前沿的 AI 便士股票。</li>
<li>通过从这些 921 只基于现金流的被低估股票开始，为价值驱动的增长定位你的投资组合，基于强健的现金流分析和市场潜力。</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，我们的文章并不构成财务建议。</strong> 这并不构成买入或卖出任何股票的推荐，也未考虑你的目标或财务状况。我们旨在为你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 对提到的任何股票没有持仓。</em></p>
</div>

Spectrum Brands (SPB)：在第四季度业绩公布及前景变化后评估其估值