<p>First Busey (BUSE) 刚刚增加了其股票回购计划，新增 400 万股的回购授权，这一举措通常反映了管理层的信心和对股东友好的资本策略。</p>
<p>请查看我们对 First Busey 的最新分析。</p>
<p>此次加大回购是在股票持续上涨的背景下进行的，年初至今股价回报约为 5%，目前约为 24.29 美元，尽管一年期的总股东回报仍略为负值。这表明投资者在经历领导层变动和持续的优先股股息支付后，正在重新评估该银行，势头有所改善但并不强劲。</p>
<p>如果这种资本回报故事引起了你的关注，值得看看其他金融公司在做什么，尤其是那些快速增长且内部持股比例高的股票。</p>
<p>随着收益增长速度快于收入，股票交易价格低于分析师目标，以及一些模型暗示的显著内在价值折扣，First Busey 是否在悄然被低估，还是已经反映了其下一阶段的增长？</p>
<h2>22.1 倍的市盈率：是否合理？</h2>
<p>从表面上看，First Busey 的市盈率为 22.1 倍，股价为 24.29 美元，估值高于大多数美国银行同行。</p>
<p>市盈率将公司的股价与每股收益进行比较，因此较高的倍数通常反映了更强的预期利润增长或被认为的质量。</p>
<p>在 First Busey 的案例中，投资者支付的倍数高于其直接同行的平均水平 17.8 倍和更广泛的美国银行业的 11.6 倍，尽管该股票在一些盈利能力指标上表现不佳，且其当前的股本回报率低于典型银行基准。市场实际上赋予了一个与其近期盈利记录可能不符的更高质量或更快增长的企业的估值，尤其是我们工作中估计的合理市盈率接近 19.2 倍。如果市场情绪正常化，这一倍数可能会趋向于这一水平。</p>
<p>探索 First Busey 的 SWS 公允比率</p>
<p><strong>结果：22.1 倍的市盈率（被高估）</strong></p>
<p>然而，收入增长放缓或信贷质量的逆转可能会迅速挑战这一溢价估值，并抑制对回购故事的热情。</p>
<p>了解 First Busey 叙述的关键风险。</p>
<h2>另一个角度：我们的 DCF 工作</h2>
<p>从收益倍数转向我们的 DCF 模型，故事发生了变化。从这个角度看，First Busey 显得被严重低估，股票交易价格约低于估计公允价值 46.6%，约为 45.48 美元。市场是否忽视了什么，还是模型过于慷慨？</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/3884da36-1fba-4542-b5ad-e0ef28a42d75/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/3884da36-1fba-4542-b5ad-e0ef28a42d75/chart/dcf"/></p>
<p>截至 2025 年 12 月的 BUSE 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 First Busey）。我们展示了完整的计算过程。你可以在你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 903 只基于现金流的被低估股票。如果你保存了筛选器，我们甚至会在新公司匹配时提醒你——这样你就不会错过潜在机会。</p>
<h2>构建你自己的 First Busey 叙述</h2>
<p>如果你对数字有不同的看法或想自己探索细节，可以在几分钟内构建自定义视图：按你的方式进行。</p>
<p>你进行 First Busey 研究的一个很好的起点是我们的分析，强调了 3 个关键收益和 2 个可能影响你投资决策的重要警示信号。</p>
<h2>寻找更多投资想法？</h2>
<p>不要止步于单一银行的理论。使用 Simply Wall Street 的筛选器，在人们注意到并在下一步之前抓住新机会。</p>
<ul>
<li>通过扫描这 3595 只财务状况良好的低价股，捕捉早期阶段的上涨潜力，这些股票小型且基本面改善，可能会在结果超出市场预期时迅速重新定价。</li>
<li>通过关注这 27 只在自动化、数据智能和生产力解决方案等领域定位的 AI 低价股，探索结构性增长趋势。</li>
<li>寻找潜在的错误定价，这些 903 只基于现金流的被低估股票交易价格低于其估计的现金流价值，如果市场情绪转变，可能提供安全边际。</li>
</ul>
<p><em>本文由 Simply Wall St 撰写，性质一般。<strong>我们仅基于历史数据和分析师预测提供评论，采用无偏见的方法，我们的文章并不旨在提供财务建议。</strong> 它不构成购买或出售任何股票的推荐，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 在提到的任何股票中没有持仓。</em></p>

BUSE

<p>First Busey (BUSE) 将其股票回购授权扩大了 400 万股，显示出管理层的信心。尽管年初至今股价回报率为 5%，但该股票以 22.1 倍的市盈率被认为相对于同行而言估值过高。然而，DCF 模型表明该股票被低估，交易价格比其估计的公允价值低 46.6%。投资者应考虑潜在的风险和回报，包括收入增长放缓和信用质量逆转，同时探索其他金融机会</p>

<p>First Busey (BUSE) just dialed up its share repurchase plans, adding 4 million shares to its buyback authorization, a move that often reflects management confidence and a shareholder friendly capital strategy.</p>
<div class="lb-trans"><p>First Busey (BUSE) 刚刚增加了其股票回购计划，新增 400 万股的回购授权，这一举措通常反映了管理层的信心和对股东友好的资本策略。</p>
</div><p>See our latest analysis for First Busey.</p>
<div class="lb-trans"><p>请查看我们对 First Busey 的最新分析。</p>
</div><p>The stepped up buyback comes after a steady run in the stock, with a roughly 5 percent year to date share price return to about $24.29, even as the 1 year total shareholder return is still slightly negative. This suggests improving but not blazing momentum as investors reassess the bank following leadership changes and ongoing preferred dividend payments.</p>
<div class="lb-trans"><p>此次加大回购是在股票持续上涨的背景下进行的，年初至今股价回报约为 5%，目前约为 24.29 美元，尽管一年期的总股东回报仍略为负值。这表明投资者在经历领导层变动和持续的优先股股息支付后，正在重新评估该银行，势头有所改善但并不强劲。</p>
</div><p>If this kind of capital return story has your attention, it could be worth seeing what other financial names are doing, starting with fast growing stocks with high insider ownership.</p>
<div class="lb-trans"><p>如果这种资本回报故事引起了你的关注，值得看看其他金融公司在做什么，尤其是那些快速增长且内部持股比例高的股票。</p>
</div><p>With earnings growing faster than revenue, the stock trading below analyst targets, and a sizable intrinsic value discount implied by some models, is First Busey quietly undervalued or already pricing in its next leg of growth?</p>
<div class="lb-trans"><p>随着收益增长速度快于收入，股票交易价格低于分析师目标，以及一些模型暗示的显著内在价值折扣，First Busey 是否在悄然被低估，还是已经反映了其下一阶段的增长？</p>
</div><h2>Price-to-Earnings of 22.1x: Is it justified?</h2>
<div class="lb-trans"><h2>22.1 倍的市盈率：是否合理？</h2>
</div><p>On a headline basis, First Busey trades on a 22.1x price to earnings multiple at $24.29 per share, a richer valuation than most US bank peers.</p>
<div class="lb-trans"><p>从表面上看，First Busey 的市盈率为 22.1 倍，股价为 24.29 美元，估值高于大多数美国银行同行。</p>
</div><p>The price to earnings ratio compares the company’s share price to its per share earnings, so a higher multiple usually reflects stronger expected profit growth or perceived quality.</p>
<div class="lb-trans"><p>市盈率将公司的股价与每股收益进行比较，因此较高的倍数通常反映了更强的预期利润增长或被认为的质量。</p>
</div><p>In First Busey’s case, investors are paying a premium multiple versus both its direct peer group average of 17.8x and the broader US banks industry at 11.6x, even though the stock scores poorly on some profitability metrics and its current return on equity sits below typical bank benchmarks. The market is effectively assigning a valuation consistent with a higher quality or faster growing franchise than its recent earnings record alone might justify, especially when the estimated fair price to earnings ratio from our work is closer to 19.2x. This is a level the multiple could gravitate toward if sentiment normalizes.</p>
<div class="lb-trans"><p>在 First Busey 的案例中，投资者支付的倍数高于其直接同行的平均水平 17.8 倍和更广泛的美国银行业的 11.6 倍，尽管该股票在一些盈利能力指标上表现不佳，且其当前的股本回报率低于典型银行基准。市场实际上赋予了一个与其近期盈利记录可能不符的更高质量或更快增长的企业的估值，尤其是我们工作中估计的合理市盈率接近 19.2 倍。如果市场情绪正常化，这一倍数可能会趋向于这一水平。</p>
</div><p>Explore the SWS fair ratio for First Busey</p>
<div class="lb-trans"><p>探索 First Busey 的 SWS 公允比率</p>
</div><p><strong>Result: Price-to-Earnings of 22.1x (OVERVALUED)</strong></p>
<div class="lb-trans"><p><strong>结果：22.1 倍的市盈率（被高估）</strong></p>
</div><p>However, slowing revenue growth or a reversal in credit quality could quickly challenge the premium valuation and dampen enthusiasm around the buyback story.</p>
<div class="lb-trans"><p>然而，收入增长放缓或信贷质量的逆转可能会迅速挑战这一溢价估值，并抑制对回购故事的热情。</p>
</div><p>Find out about the key risks to this First Busey narrative.</p>
<div class="lb-trans"><p>了解 First Busey 叙述的关键风险。</p>
</div><h2>Another Angle: Our DCF Work</h2>
<div class="lb-trans"><h2>另一个角度：我们的 DCF 工作</h2>
</div><p>Switching from earnings multiples to our DCF model flips the story. On that lens, First Busey appears deeply undervalued, with the shares trading about 46.6 percent below an estimated fair value of roughly $45.48. Is the market missing something, or is the model too generous?</p>
<div class="lb-trans"><p>从收益倍数转向我们的 DCF 模型，故事发生了变化。从这个角度看，First Busey 显得被严重低估，股票交易价格约低于估计公允价值 46.6%，约为 45.48 美元。市场是否忽视了什么，还是模型过于慷慨？</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/3884da36-1fba-4542-b5ad-e0ef28a42d75/chart/dcf" alt="" original-src="https://images.simplywall.st/company/3884da36-1fba-4542-b5ad-e0ef28a42d75/chart/dcf"/></p>
<p>BUSE Discounted Cash Flow as at Dec 2025</p>
<div class="lb-trans"><p>截至 2025 年 12 月的 BUSE 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 First Busey 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 903 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 First Busey）。我们展示了完整的计算过程。你可以在你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 903 只基于现金流的被低估股票。如果你保存了筛选器，我们甚至会在新公司匹配时提醒你——这样你就不会错过潜在机会。</p>
</div><h2>Build Your Own First Busey Narrative</h2>
<div class="lb-trans"><h2>构建你自己的 First Busey 叙述</h2>
</div><p>If you see the numbers differently or want to explore the details yourself, you can build a custom view in minutes: Do it your way.</p>
<div class="lb-trans"><p>如果你对数字有不同的看法或想自己探索细节，可以在几分钟内构建自定义视图：按你的方式进行。</p>
</div><p>A great starting point for your First Busey research is our analysis highlighting 3 key rewards and 2 important warning signs that could impact your investment decision.</p>
<div class="lb-trans"><p>你进行 First Busey 研究的一个很好的起点是我们的分析，强调了 3 个关键收益和 2 个可能影响你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>Do not stop with a single bank thesis. Use Simply Wall Street’s screener to target fresh opportunities before the crowd catches on and capitalizes ahead of the next move.</p>
<div class="lb-trans"><p>不要止步于单一银行的理论。使用 Simply Wall Street 的筛选器，在人们注意到并在下一步之前抓住新机会。</p>
</div><ul>
<li>Capture early stage upside by scanning these 3595 penny stocks with strong financials that pair small size with improving fundamentals and the potential to rerate quickly as results surprise the market.</li>
<li>Explore structural growth trends by focusing on these 27 AI penny stocks positioned in areas such as automation, data intelligence, and productivity solutions.</li>
<li>Look for potential mispricings with these 903 undervalued stocks based on cash flows that trade below their estimated cash flow value, which may provide a margin of safety if sentiment turns.</li>
</ul>
<div class="lb-trans"><ul>
<li>通过扫描这 3595 只财务状况良好的低价股，捕捉早期阶段的上涨潜力，这些股票小型且基本面改善，可能会在结果超出市场预期时迅速重新定价。</li>
<li>通过关注这 27 只在自动化、数据智能和生产力解决方案等领域定位的 AI 低价股，探索结构性增长趋势。</li>
<li>寻找潜在的错误定价，这些 903 只基于现金流的被低估股票交易价格低于其估计的现金流价值，如果市场情绪转变，可能提供安全边际。</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，性质一般。<strong>我们仅基于历史数据和分析师预测提供评论，采用无偏见的方法，我们的文章并不旨在提供财务建议。</strong> 它不构成购买或出售任何股票的推荐，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 在提到的任何股票中没有持仓。</em></p>
</div>

分析 First Busey（BUSE）在扩大股票回购授权后的估值