<p>Dynex Capital (DX) 的股票小幅下跌，最近收盘时下滑了不到 1%。在过去一个月中，该股票上涨了超过 4%，反映出其在抵押贷款房地产投资信托（REIT）领域的稳定势头。</p>
<p>请查看我们对 Dynex Capital 的最新分析。</p>
<p>Dynex Capital 一年期的总股东回报率接近 30%，显示出强劲的表现，并且在最近几个月超越了其稳定的股价上涨。随着对抵押贷款 REIT 的情绪改善，增长势头似乎正在加速。</p>
<p>如果您在关注市场动向可能会引领的方向，考虑通过寻找内部持股比例高的快速增长股票来拓宽您的视野。</p>
<p>随着股票逐渐升温和令人印象深刻的年度回报，目前的关键问题是 Dynex Capital 是否仍在以有吸引力的价值交易，还是市场已经将下一个增长阶段的预期计入了价格。</p>
<h2>11.6 倍的市盈率：是否合理？</h2>
<p>Dynex Capital 的市盈率为 11.6 倍，低于更广泛的美国市场和其抵押贷款 REIT 行业的同行，使该股票对注重价值的投资者具有吸引力。</p>
<p>市盈率衡量投资者今天愿意为公司每一美元的收益支付多少。这是 REIT 行业的标准，有助于评估 Dynex Capital 的市场价格是否恰当地反映了其收益前景和风险特征。</p>
<p>这一倍数表明市场可能低估了 Dynex Capital 最近的收益增长，尤其是与同行相比。该股票的交易价格低于美国市场平均水平 18.7 倍，也低于行业平均水平（12.9 倍）和同行平均水平（13.6 倍）。与估计的合理市盈率 15.5 倍相比，目前的水平可能表明如果增长趋势持续，可能会出现向上的重新评级。</p>
<p>探索 Dynex Capital 的 SWS 公允比率</p>
<p><strong>结果：市盈率 11.6 倍（被低估）</strong></p>
<p>然而，利率变化或政府政策变化等潜在风险可能会迅速改变 Dynex Capital 当前的积极轨迹。</p>
<p>了解与 Dynex Capital 叙述相关的关键风险。</p>
<h2>另一种观点：折现现金流显示不同的图景</h2>
<p>虽然市盈率使 Dynex Capital 显得有利，但我们的 DCF 模型却讲述了不同的故事。根据 SWS DCF 模型，Dynex 的交易价格高于其估计的公允价值 9.08 美元，这使得当前价格显得被高估。这突显了一个关键风险：预期可能过于超前于基本面。</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/521fc238-aae9-4764-be63-5397955c9e18/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/521fc238-aae9-4764-be63-5397955c9e18/chart/dcf"/></p>
<p>截至 2025 年 12 月的 DX 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 Dynex Capital）。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 929 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 Dynex Capital 叙述</h2>
<p>如果您对数字有不同的看法或想自己深入了解细节，有一种简单的方法可以在几分钟内构建您自己的叙述：按照您的方式进行。</p>
<p>您对 Dynex Capital 研究的一个很好的起点是我们的分析，突出了 4 个关键奖励和 3 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>聪明的投资者不仅关注单一股票，还通过在众人之前找到新机会来扩展他们的研究视野，使用强大的 Simply Wall Street 筛选器。</p>
<ul>
<li>发现高收益和稳定现金流，利用这 14 只收益超过 3% 的分红股票，这些股票始终为以收入为导向的投资组合提供强劲回报。</li>
<li>通过查看这 25 只正在重新定义整个行业的人工智能便士股票，抢占突破性技术趋势的先机。</li>
<li>开始培养您的下一个大胜利，利用这些 929 只基于现金流的被低估股票，价格有上涨空间，让您在被低估的市场中占据优势。</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> 这并不构成买卖任何股票的推荐，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>

<p>Dynex Capital (DX) 的股票在过去一个月上涨了超过 4%，一年总股东回报率接近 30%。该股票的市盈率为 11.6 倍，低于美国市场和行业平均水平，暗示其可能被低估。然而，DCF 模型显示其交易价格高于公允价值 9.08 美元，突显出潜在的高估风险。投资者应考虑利率变化和政府政策变动作为潜在风险。Simply Wall St 提供分析，但不提供财务建议</p>

<p>Dynex Capital (DX) shares have edged lower, slipping just under 1% at the most recent close. Over the past month, the stock has gained more than 4%, reflecting its steady momentum in the mortgage REIT sector.</p>
<div class="lb-trans"><p>Dynex Capital (DX) 的股票小幅下跌，最近收盘时下滑了不到 1%。在过去一个月中，该股票上涨了超过 4%，反映出其在抵押贷款房地产投资信托（REIT）领域的稳定势头。</p>
</div><p>See our latest analysis for Dynex Capital.</p>
<div class="lb-trans"><p>请查看我们对 Dynex Capital 的最新分析。</p>
</div><p>Dynex Capital’s 1-year total shareholder return of nearly 30% signals a strong run and has outpaced its steady share price climb in recent months. The momentum appears to be building, with gains accelerating as sentiment toward mortgage REITs has brightened.</p>
<div class="lb-trans"><p>Dynex Capital 一年期的总股东回报率接近 30%，显示出强劲的表现，并且在最近几个月超越了其稳定的股价上涨。随着对抵押贷款 REIT 的情绪改善，增长势头似乎正在加速。</p>
</div><p>If you’re tracking where market momentum could lead next, consider broadening your outlook with a search for fast growing stocks with high insider ownership.</p>
<div class="lb-trans"><p>如果您在关注市场动向可能会引领的方向，考虑通过寻找内部持股比例高的快速增长股票来拓宽您的视野。</p>
</div><p>With shares gaining steam and an impressive annual return on the books, the key question now is whether Dynex Capital is still trading at an attractive value, or if the market has already priced in the next stage of growth.</p>
<div class="lb-trans"><p>随着股票逐渐升温和令人印象深刻的年度回报，目前的关键问题是 Dynex Capital 是否仍在以有吸引力的价值交易，还是市场已经将下一个增长阶段的预期计入了价格。</p>
</div><h2>Price-to-Earnings of 11.6x: Is it justified?</h2>
<div class="lb-trans"><h2>11.6 倍的市盈率：是否合理？</h2>
</div><p>Dynex Capital’s price-to-earnings (P/E) ratio of 11.6 times earnings is below both the broader US market and its mortgage REIT industry peers, placing the stock in attractive territory for value-focused investors.</p>
<div class="lb-trans"><p>Dynex Capital 的市盈率为 11.6 倍，低于更广泛的美国市场和其抵押贷款 REIT 行业的同行，使该股票对注重价值的投资者具有吸引力。</p>
</div><p>The price-to-earnings ratio measures how much investors are willing to pay today for a dollar of the company’s earnings. It is an industry standard for REITs and helps gauge whether Dynex Capital’s market price properly reflects its earnings prospects and risk profile.</p>
<div class="lb-trans"><p>市盈率衡量投资者今天愿意为公司每一美元的收益支付多少。这是 REIT 行业的标准，有助于评估 Dynex Capital 的市场价格是否恰当地反映了其收益前景和风险特征。</p>
</div><p>This multiple suggests the market may be underestimating Dynex Capital’s recent surge in earnings growth, especially compared to peers. The stock trades below the US market average of 18.7x and is also lower than the industry average (12.9x) and peer average (13.6x). When compared to an estimated fair price-to-earnings ratio of 15.5x, the current level could indicate possible upward re-rating if growth trends continue.</p>
<div class="lb-trans"><p>这一倍数表明市场可能低估了 Dynex Capital 最近的收益增长，尤其是与同行相比。该股票的交易价格低于美国市场平均水平 18.7 倍，也低于行业平均水平（12.9 倍）和同行平均水平（13.6 倍）。与估计的合理市盈率 15.5 倍相比，目前的水平可能表明如果增长趋势持续，可能会出现向上的重新评级。</p>
</div><p>Explore the SWS fair ratio for Dynex Capital</p>
<div class="lb-trans"><p>探索 Dynex Capital 的 SWS 公允比率</p>
</div><p><strong>Result: Price-to-Earnings of 11.6x (UNDERVALUED)</strong></p>
<div class="lb-trans"><p><strong>结果：市盈率 11.6 倍（被低估）</strong></p>
</div><p>However, potential risks such as shifts in interest rates or changes in government policy could quickly alter Dynex Capital’s current positive trajectory.</p>
<div class="lb-trans"><p>然而，利率变化或政府政策变化等潜在风险可能会迅速改变 Dynex Capital 当前的积极轨迹。</p>
</div><p>Find out about the key risks to this Dynex Capital narrative.</p>
<div class="lb-trans"><p>了解与 Dynex Capital 叙述相关的关键风险。</p>
</div><h2>Another View: Discounted Cash Flow Shows a Different Picture</h2>
<div class="lb-trans"><h2>另一种观点：折现现金流显示不同的图景</h2>
</div><p>While the price-to-earnings ratio puts Dynex Capital in a favorable light, our DCF model tells a different story. According to the SWS DCF model, Dynex is trading above its estimated fair value of $9.08, which makes the current price appear overvalued. This highlights a key risk: expectations could be running too far ahead of the fundamentals.</p>
<div class="lb-trans"><p>虽然市盈率使 Dynex Capital 显得有利，但我们的 DCF 模型却讲述了不同的故事。根据 SWS DCF 模型，Dynex 的交易价格高于其估计的公允价值 9.08 美元，这使得当前价格显得被高估。这突显了一个关键风险：预期可能过于超前于基本面。</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/521fc238-aae9-4764-be63-5397955c9e18/chart/dcf" alt="" original-src="https://images.simplywall.st/company/521fc238-aae9-4764-be63-5397955c9e18/chart/dcf"/></p>
<p>DX Discounted Cash Flow as at Dec 2025</p>
<div class="lb-trans"><p>截至 2025 年 12 月的 DX 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 Dynex Capital 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 929 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 Dynex Capital）。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 929 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 Dynex Capital Narrative</h2>
<div class="lb-trans"><h2>构建您自己的 Dynex Capital 叙述</h2>
</div><p>If you see the numbers differently or want to dig into the details yourself, there is an easy way to build your own narrative in just a few minutes: Do it your way.</p>
<div class="lb-trans"><p>如果您对数字有不同的看法或想自己深入了解细节，有一种简单的方法可以在几分钟内构建您自己的叙述：按照您的方式进行。</p>
</div><p>A great starting point for your Dynex Capital research is our analysis highlighting 4 key rewards and 3 important warning signs that could impact your investment decision.</p>
<div class="lb-trans"><p>您对 Dynex Capital 研究的一个很好的起点是我们的分析，突出了 4 个关键奖励和 3 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>Smart investors look beyond a single stock and expand their research horizons by finding fresh opportunities before the crowd using the powerful Simply Wall Street Screener.</p>
<div class="lb-trans"><p>聪明的投资者不仅关注单一股票，还通过在众人之前找到新机会来扩展他们的研究视野，使用强大的 Simply Wall Street 筛选器。</p>
</div><ul>
<li>Spot high yields and steady cash flow, and take advantage of these 14 dividend stocks with yields &gt; 3% that consistently offer strong returns for income-focused portfolios.</li>
<li>Jump ahead on breakthrough technology trends by checking out these 25 AI penny stocks that are redefining entire industries with artificial intelligence.</li>
<li>Start growing your next big win with these 929 undervalued stocks based on cash flows priced with room to run, giving you an edge in undervalued markets.</li>
</ul>
<div class="lb-trans"><ul>
<li>发现高收益和稳定现金流，利用这 14 只收益超过 3% 的分红股票，这些股票始终为以收入为导向的投资组合提供强劲回报。</li>
<li>通过查看这 25 只正在重新定义整个行业的人工智能便士股票，抢占突破性技术趋势的先机。</li>
<li>开始培养您的下一个大胜利，利用这些 929 只基于现金流的被低估股票，价格有上涨空间，让您在被低估的市场中占据优势。</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> 这并不构成买卖任何股票的推荐，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>
</div>

Dynex Capital (DX)：在股价势头增强的情况下评估其估值