<ul>
<li>想知道吉利汽车控股是否可能是一个隐藏的价值机会，还是仅仅是另一个市场宠儿？让我们来看看数字和新闻对当前股价的看法。</li>
<li>在过去一年中，股价上涨了令人印象深刻的 25.7%，而截至目前，股价上涨了 20.7%。然而，在过去一个月中，股价回落了 10.1%。</li>
<li>吉利因其在电动车领域的扩张以及在汽车科技领域的新合作而成为头条新闻。这两个发展都在激发乐观情绪，但也给其股价带来了波动。最近的显著新闻包括专注于下一代电动车基础设施的合作以及旨在全球市场的雄心勃勃的新车型发布。</li>
<li>在估值方面，吉利在低估检查中得分为 6 分中的 5 分，这使其在许多同行中处于领先地位。我们将通过不同的估值方法来揭示这一结果的驱动因素，并在文章结束时建议一种更聪明的理解方式。</li>
</ul>
<p>吉利汽车控股在过去一年中实现了 25.7% 的回报。看看这与汽车行业其他公司的表现如何。</p>
<h3>方法一：吉利汽车控股的折现现金流（DCF）分析</h3>
<p>折现现金流（DCF）模型通过预测公司的未来现金流并将其折现回今天的价值来估算公司的价值。这帮助投资者评估公司股票在未来几年产生现金的潜力可能值多少钱。</p>
<p>对于吉利汽车控股，最新报告的自由现金流约为 59 亿人民币。分析师的预测结合进一步的估计，表明这一数字到 2035 年可能稳步增长至约 451 亿人民币。通常情况下，预计的预测在未来越远时不确定性越大。DCF 分析通过适当地折现这些未来金额来考虑这一点。</p>
<p>基于两阶段自由现金流到股权的方法，吉利的每股内在价值为 46.33 港元。这个数字表明，股票的交易价格相比 Simply Wall St 的分析所暗示的 DCF 公允价值有 63.3% 的折扣。</p>
<p>总之，当前的股价表明，根据这种方法，吉利显著低估。这可能表明对潜在长期投资者有显著的安全边际。</p>
<p><strong>结果：低估</strong></p>
<p>我们的折现现金流（DCF）分析表明吉利汽车控股被低估了 63.3%。将其添加到您的观察列表或投资组合中，或发现 927 只基于现金流的更多低估股票。</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/b88141a8-605a-48f8-a2ba-1abfcf0c9a7d/chart/dcf?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="1706" height="760" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/b88141a8-605a-48f8-a2ba-1abfcf0c9a7d/chart/dcf"/></p>
<p>截至 2025 年 11 月的 175 折现现金流</p>
<p>前往我们公司报告的估值部分，了解我们如何得出吉利汽车控股的公允价值的更多细节。</p>
<h3>方法二：吉利汽车控股的市盈率（PE）</h3>
<p>市盈率（PE）被广泛认为是对吉利汽车控股等盈利公司可靠的估值指标，因为它揭示了投资者愿意为公司每一美元的收益支付多少。市盈率对于盈利稳定或增长的公司尤其有用，因为它将股价直接与基础收益表现联系起来。</p>
<p>什么算是 “公允” 的市盈率可能会因增长预期、风险水平、行业前景和公司的财务健康状况而变化。预计增长更快且风险较小的公司通常可以合理化更高的市盈率。相反，增长较慢或风险较高的公司则应有较低的市盈率。</p>
<p>吉利目前的市盈率为 9.56 倍。这显著低于其行业的平均水平 18.65 倍，也低于近似同行的平均水平 11.67 倍。这表明市场对吉利的谨慎程度高于许多竞争对手，至少在传统比较中是如此。</p>
<p>Simply Wall St 为吉利设定的 “公允比率” 为 13.89 倍。这个指标是通过考虑公司的收益增长、行业特征、利润率、市值和风险评级等因素构建的，使其比简单的同行或行业平均值更具针对性。</p>
<p>将公允比率与吉利当前的市盈率进行比较，股票的交易价格远低于根据其基本面预期的水平。这表明投资者可能在当前水平上低估了吉利的收益潜力。</p>
<p><strong>结果：低估</strong></p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/b88141a8-605a-48f8-a2ba-1abfcf0c9a7d/chart/pe-multiple-vs-industry?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="1640" height="650" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/b88141a8-605a-48f8-a2ba-1abfcf0c9a7d/chart/pe-multiple-vs-industry"/></p>
<p>截至 2025 年 11 月的 SEHK:175 市盈率</p>
<p>市盈率讲述了一个故事，但如果真正的机会在其他地方呢？发现 1433 家公司，内部人士正在大举押注于爆炸性增长。</p>
<h3>提升您的决策能力：选择您的吉利汽车控股叙述</h3>
<p>我们之前提到过，有一种更好的理解估值的方法，所以让我们向您介绍叙述。叙述是一个简单而强大的概念：它是您关于公司的故事，将您的观点与您对其未来收入增长、收益和利润率的信念结合在一起。这帮助您估算业务的真实价值。</p>
<p>将叙述视为一座桥，连接吉利汽车控股的故事，例如其向新能源车和全球扩张的转型，与具体的财务预测，最终到达公允价值估算。在 Simply Wall St 的平台上，数百万投资者在社区页面上轻松构建和更新叙述，使这种方法对任何人都可及。</p>
<p>叙述帮助您通过将自己的公允价值估算与公司的当前价格进行比较，决定何时买入或卖出，为您提供一个实用且结构化的决策工具。叙述之所以如此动态，是因为在发布新闻或收益时会不断更新，因此您的观点与市场的背景保持同步。</p>
<p>例如，一些投资者预测吉利的公允价值高达 42.17 港元，期待其强劲的盈利和国际成功，而另一些人则认为下行空间更大，公允价值接近 20.07 港元。这表明叙述如何将不同的前景转化为可操作的洞察。</p>
<p>你认为吉利汽车控股还有更多故事吗？快来我们的社区看看其他人怎么说！</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/b88141a8-605a-48f8-a2ba-1abfcf0c9a7d/chart/community-fair-value?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="1640" height="582" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/b88141a8-605a-48f8-a2ba-1abfcf0c9a7d/chart/community-fair-value"/></p>
<p>截至 2025 年 11 月的香港证券交易所：175 社区公允价值</p>
<p><em>这篇文章由 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> 它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>

吉利汽车(ADR)

吉利汽车

GELHY

<p>吉利汽车控股在经历了 20% 的反弹和向电动车扩展后，被认为被低估。尽管近期波动性较大，吉利的股票基于现金流折现分析（DCF）交易时的折扣为 63.3%，市盈率低于行业平均水平。该公司正在向电动车领域扩展并形成新的合作伙伴关系，激发了市场的乐观情绪。分析师建议吉利每股内在价值为 46.33 港元，表明长期投资者有安全边际。投资者被鼓励考虑叙事，以便进行全面的估值分析</p>

<ul>
<li>Curious whether Geely Automobile Holdings could be a hidden value opportunity or just another market favorite? Let’s walk through what the numbers and news are saying about where the stock sits today.</li>
<li>After an impressive 25.7% rise over the past year, the stock hasn’t slowed much year to date, up 20.7%. However, it pulled back 10.1% in the last month.</li>
<li>Geely is making headlines for its expansion into electric vehicles and new partnerships in the automotive tech space. Both of these developments are fueling optimism but also bringing volatility to its share price. Notable recent news includes collaborations focused on next-generation EV infrastructure and ambitious new model launches aimed at global markets.</li>
<li>When it comes to valuation, Geely scores a solid 5 out of 6 based on undervaluation checks, which puts it ahead of many peers. We’ll unravel what drives that result using different valuation methods and suggest a smarter way to make sense of it all by the article’s end.</li>
</ul>
<div class="lb-trans"><ul>
<li>想知道吉利汽车控股是否可能是一个隐藏的价值机会，还是仅仅是另一个市场宠儿？让我们来看看数字和新闻对当前股价的看法。</li>
<li>在过去一年中，股价上涨了令人印象深刻的 25.7%，而截至目前，股价上涨了 20.7%。然而，在过去一个月中，股价回落了 10.1%。</li>
<li>吉利因其在电动车领域的扩张以及在汽车科技领域的新合作而成为头条新闻。这两个发展都在激发乐观情绪，但也给其股价带来了波动。最近的显著新闻包括专注于下一代电动车基础设施的合作以及旨在全球市场的雄心勃勃的新车型发布。</li>
<li>在估值方面，吉利在低估检查中得分为 6 分中的 5 分，这使其在许多同行中处于领先地位。我们将通过不同的估值方法来揭示这一结果的驱动因素，并在文章结束时建议一种更聪明的理解方式。</li>
</ul>
</div><p>Geely Automobile Holdings delivered 25.7% returns over the last year. See how this stacks up to the rest of the Auto industry.</p>
<div class="lb-trans"><p>吉利汽车控股在过去一年中实现了 25.7% 的回报。看看这与汽车行业其他公司的表现如何。</p>
</div><h3>Approach 1: Geely Automobile Holdings Discounted Cash Flow (DCF) Analysis</h3>
<div class="lb-trans"><h3>方法一：吉利汽车控股的折现现金流（DCF）分析</h3>
</div><p>The Discounted Cash Flow (DCF) model estimates a company's value by projecting its future cash flows and discounting them back to today's value. This helps investors gauge what a company's shares might be worth based on its potential for generating cash in the coming years.</p>
<div class="lb-trans"><p>折现现金流（DCF）模型通过预测公司的未来现金流并将其折现回今天的价值来估算公司的价值。这帮助投资者评估公司股票在未来几年产生现金的潜力可能值多少钱。</p>
</div><p>For Geely Automobile Holdings, the latest reported Free Cash Flow stands at approximately CN¥5.9 Billion. Analyst projections, combined with further estimates, suggest this figure could grow steadily to nearly CN¥45.1 Billion by 2035. As is typical, estimated projections become less certain the further into the future they go. The DCF analysis accounts for this by discounting those future amounts appropriately.</p>
<div class="lb-trans"><p>对于吉利汽车控股，最新报告的自由现金流约为 59 亿人民币。分析师的预测结合进一步的估计，表明这一数字到 2035 年可能稳步增长至约 451 亿人民币。通常情况下，预计的预测在未来越远时不确定性越大。DCF 分析通过适当地折现这些未来金额来考虑这一点。</p>
</div><p>Based on the 2 Stage Free Cash Flow to Equity method, Geely's intrinsic value per share comes out to HK$46.33. This figure indicates the stock is trading at a 63.3% discount compared to the DCF fair value implied by Simply Wall St's analysis.</p>
<div class="lb-trans"><p>基于两阶段自由现金流到股权的方法，吉利的每股内在价值为 46.33 港元。这个数字表明，股票的交易价格相比 Simply Wall St 的分析所暗示的 DCF 公允价值有 63.3% 的折扣。</p>
</div><p>In summary, the current share price suggests Geely is significantly undervalued according to this approach. This may indicate a notable margin of safety for potential long-term investors.</p>
<div class="lb-trans"><p>总之，当前的股价表明，根据这种方法，吉利显著低估。这可能表明对潜在长期投资者有显著的安全边际。</p>
</div><p><strong>Result: UNDERVALUED</strong></p>
<div class="lb-trans"><p><strong>结果：低估</strong></p>
</div><p>Our Discounted Cash Flow (DCF) analysis suggests Geely Automobile Holdings is undervalued by 63.3%. Track this in your watchlist or portfolio, or discover 927 more undervalued stocks based on cash flows.</p>
<div class="lb-trans"><p>我们的折现现金流（DCF）分析表明吉利汽车控股被低估了 63.3%。将其添加到您的观察列表或投资组合中，或发现 927 只基于现金流的更多低估股票。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/b88141a8-605a-48f8-a2ba-1abfcf0c9a7d/chart/dcf" alt="" original-src="https://images.simplywall.st/company/b88141a8-605a-48f8-a2ba-1abfcf0c9a7d/chart/dcf"/></p>
<p>175 Discounted Cash Flow as at Nov 2025</p>
<div class="lb-trans"><p>截至 2025 年 11 月的 175 折现现金流</p>
</div><p>Head to the Valuation section of our Company Report for more details on how we arrive at this Fair Value for Geely Automobile Holdings.</p>
<div class="lb-trans"><p>前往我们公司报告的估值部分，了解我们如何得出吉利汽车控股的公允价值的更多细节。</p>
</div><h3>Approach 2: Geely Automobile Holdings Price vs Earnings (PE)</h3>
<div class="lb-trans"><h3>方法二：吉利汽车控股的市盈率（PE）</h3>
</div><p>The Price-to-Earnings (PE) ratio is widely regarded as a reliable valuation metric for profitable companies like Geely Automobile Holdings, as it reveals how much investors are willing to pay for each dollar of a company's earnings. PE is especially useful for companies with steady or growing profits, because it links the stock price directly to the underlying earnings performance.</p>
<div class="lb-trans"><p>市盈率（PE）被广泛认为是对吉利汽车控股等盈利公司可靠的估值指标，因为它揭示了投资者愿意为公司每一美元的收益支付多少。市盈率对于盈利稳定或增长的公司尤其有用，因为它将股价直接与基础收益表现联系起来。</p>
</div><p>What counts as a “fair” PE ratio can shift depending on growth expectations, levels of risk, industry prospects and the company’s financial health. Companies expected to grow faster with less risk typically justify higher PE ratios. In contrast, slower growth or higher risk would warrant lower ratios.</p>
<div class="lb-trans"><p>什么算是 “公允” 的市盈率可能会因增长预期、风险水平、行业前景和公司的财务健康状况而变化。预计增长更快且风险较小的公司通常可以合理化更高的市盈率。相反，增长较慢或风险较高的公司则应有较低的市盈率。</p>
</div><p>Geely currently trades at a PE ratio of 9.56x. This is notably lower than the average for its industry of 18.65x and below the average of close peers at 11.67x. That suggests the market is more cautious on Geely than on many of its competitors, at least on traditional comparisons.</p>
<div class="lb-trans"><p>吉利目前的市盈率为 9.56 倍。这显著低于其行业的平均水平 18.65 倍，也低于近似同行的平均水平 11.67 倍。这表明市场对吉利的谨慎程度高于许多竞争对手，至少在传统比较中是如此。</p>
</div><p>Simply Wall St’s “Fair Ratio” for Geely is 13.89x. This measure is constructed by considering factors like the company’s earnings growth, industry profile, profit margin, market capitalization and risk rating, making it more tailored than simple peer or industry averages.</p>
<div class="lb-trans"><p>Simply Wall St 为吉利设定的 “公允比率” 为 13.89 倍。这个指标是通过考虑公司的收益增长、行业特征、利润率、市值和风险评级等因素构建的，使其比简单的同行或行业平均值更具针对性。</p>
</div><p>Comparing the Fair Ratio to Geely’s current PE, the stock trades well below what would be expected given its fundamentals. This suggests investors may be undervaluing Geely’s earnings potential at current levels.</p>
<div class="lb-trans"><p>将公允比率与吉利当前的市盈率进行比较，股票的交易价格远低于根据其基本面预期的水平。这表明投资者可能在当前水平上低估了吉利的收益潜力。</p>
</div><p><strong>Result: UNDERVALUED</strong></p>
<div class="lb-trans"><p><strong>结果：低估</strong></p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/b88141a8-605a-48f8-a2ba-1abfcf0c9a7d/chart/pe-multiple-vs-industry" alt="" original-src="https://images.simplywall.st/company/b88141a8-605a-48f8-a2ba-1abfcf0c9a7d/chart/pe-multiple-vs-industry"/></p>
<p>SEHK:175 PE Ratio as at Nov 2025</p>
<div class="lb-trans"><p>截至 2025 年 11 月的 SEHK:175 市盈率</p>
</div><p>PE ratios tell one story, but what if the real opportunity lies elsewhere? Discover 1433 companies where insiders are betting big on explosive growth.</p>
<div class="lb-trans"><p>市盈率讲述了一个故事，但如果真正的机会在其他地方呢？发现 1433 家公司，内部人士正在大举押注于爆炸性增长。</p>
</div><h3>Upgrade Your Decision Making: Choose your Geely Automobile Holdings Narrative</h3>
<div class="lb-trans"><h3>提升您的决策能力：选择您的吉利汽车控股叙述</h3>
</div><p>Earlier we mentioned that there is an even better way to understand valuation, so let's introduce you to Narratives. A Narrative is a simple, powerful concept: it is your story about a company, combining your perspective with what you believe about its future revenue growth, earnings, and profit margins. This helps you estimate what the business is really worth.</p>
<div class="lb-trans"><p>我们之前提到过，有一种更好的理解估值的方法，所以让我们向您介绍叙述。叙述是一个简单而强大的概念：它是您关于公司的故事，将您的观点与您对其未来收入增长、收益和利润率的信念结合在一起。这帮助您估算业务的真实价值。</p>
</div><p>Think of a Narrative as a bridge, linking Geely Automobile Holdings’s story, such as its move into new energy vehicles and global expansion, to a concrete financial forecast and ultimately to a fair value estimate. On Simply Wall St’s platform, millions of investors build and update Narratives easily on the Community page, making this approach accessible to anyone.</p>
<div class="lb-trans"><p>将叙述视为一座桥，连接吉利汽车控股的故事，例如其向新能源车和全球扩张的转型，与具体的财务预测，最终到达公允价值估算。在 Simply Wall St 的平台上，数百万投资者在社区页面上轻松构建和更新叙述，使这种方法对任何人都可及。</p>
</div><p>Narratives help you decide when to buy or sell by comparing your own Fair Value estimate to the company’s current price, giving you a practical and structured decision-making tool. What makes Narratives so dynamic is that they are continuously updated when news or earnings are released, so your view and the market’s context remain in sync.</p>
<div class="lb-trans"><p>叙述帮助您通过将自己的公允价值估算与公司的当前价格进行比较，决定何时买入或卖出，为您提供一个实用且结构化的决策工具。叙述之所以如此动态，是因为在发布新闻或收益时会不断更新，因此您的观点与市场的背景保持同步。</p>
</div><p>For example, some investors forecast Geely’s fair value as high as HK$42.17, expecting robust earnings and international success, while others see more downside with a fair value closer to HK$20.07. This demonstrates how Narratives turn different outlooks into actionable insights.</p>
<div class="lb-trans"><p>例如，一些投资者预测吉利的公允价值高达 42.17 港元，期待其强劲的盈利和国际成功，而另一些人则认为下行空间更大，公允价值接近 20.07 港元。这表明叙述如何将不同的前景转化为可操作的洞察。</p>
</div><p>Do you think there's more to the story for Geely Automobile Holdings? Head over to our Community to see what others are saying!</p>
<div class="lb-trans"><p>你认为吉利汽车控股还有更多故事吗？快来我们的社区看看其他人怎么说！</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/b88141a8-605a-48f8-a2ba-1abfcf0c9a7d/chart/community-fair-value" alt="" original-src="https://images.simplywall.st/company/b88141a8-605a-48f8-a2ba-1abfcf0c9a7d/chart/community-fair-value"/></p>
<p>SEHK:175 Community Fair Values as at Nov 2025</p>
<div class="lb-trans"><p>截至 2025 年 11 月的香港证券交易所：175 社区公允价值</p>
</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>这篇文章由 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> 它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>
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Is Geely a Bargain After 20% Rally and Electric Vehicle Expansion in 2025?

- 吉利汽车控股过去一年回报率为 25.7%，当前股价显著低于内在价值。  
- 其市盈率为 9.56，低于行业平均水平，显示市场对其持谨慎态度。  
- 分析表明，吉利在电动车和全球扩张方面的潜力可能被低估。  

在经历了 20% 的上涨以及计划在 2025 年扩张电动车业务后，吉利是否仍然是一个值得投资的选择？