<h2>最近的表现使丸红备受关注</h2>
<p>丸红（TSE:8002）最近表现强劲，股价在过去一个月上涨约 15%，在过去一年中几乎翻倍，这引发了人们对其驱动情绪因素的深入关注。</p>
<p>请查看我们对丸红的最新分析。</p>
<p>最近 15.5% 的一个月股价回报率在 83.1% 的年初至今股价涨幅和 100.8% 的年度总股东回报之上，表明随着投资者重新评估其前景，丸红的势头依然强劲。</p>
<p>如果丸红的激增让你重新思考其他可能获得关注的股票，现在是探索高内部持股的快速增长股票的好时机，以寻找其他潜在的亮点。</p>
<p>随着丸红的股价几乎完全符合分析师目标，在经历了强劲的多年增长和仅温和的盈利增长后，投资者必须问：这里还有买入机会吗，还是未来的增长已经被定价？</p>
<h2>12.5 倍的市盈率：是否合理？</h2>
<p>在最近收盘价¥4,344 的市盈率为 12.5 倍的情况下，丸红的估值相较于更广泛的日本市场显得适中，但相比许多直接贸易分销商则显得更贵。</p>
<p>市盈率将公司的股价与每股收益进行比较，是像丸红这样在多元化运营中产生稳定利润的企业常用的衡量标准。</p>
<p>丸红的 12.5 倍市盈率低于日本整体市场的 14.2 倍，这意味着投资者并没有为每一日元的收益支付市场溢价。然而，它的交易价格高于 10.1 倍的行业平均水平，表明市场愿意给予比许多贸易分销商更高的估值，尽管其预期的年增长率约为 1.3%，低于更广泛的日本市场。</p>
<p>与我们基于回归的合理市盈率框架估算的 21.1 倍的合理市盈率相比，目前的 12.5 倍仍显著低于市场在情绪和基本面趋同时可能迁移的水平。</p>
<p>探索丸红的 SWS 合理市盈率</p>
<p><strong>结果：12.5 倍的市盈率（被低估）</strong></p>
<p>然而，丸红庞大的商品暴露投资组合和温和的盈利增长意味着全球需求或价格的变化可能迅速挑战今天的乐观估值。</p>
<p>了解这一丸红叙述的主要风险。</p>
<h2>另一种价值观</h2>
<p>我们的 DCF 模型描绘了一个截然不同的图景，表明丸红的股价在¥4,344 远高于约¥1,866 的合理价值，指向一只被高估的股票。当一种方法暗示上涨而另一种方法警示下跌时，投资者应该依赖哪个信号？</p>
<p>了解 SWS DCF 模型如何得出其合理价值。</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/218bade2-9494-4e5b-8d5d-83be1ca24bcf/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/218bade2-9494-4e5b-8d5d-83be1ca24bcf/chart/dcf"/></p>
<p>截至 2025 年 12 月的 8002 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（例如查看丸红）。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 914 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>构建您自己的丸红叙述</h2>
<p>如果您对这个故事有不同的看法或想自己深入研究数字，您可以在几分钟内构建个性化的视图：按您的方式进行。</p>
<p>您对丸红研究的一个很好的起点是我们的分析，强调了 3 个关键奖励和 2 个可能影响您投资决策的重要警示信号。</p>
<h2>准备好进行下一步投资吗？</h2>
<p>如果丸红让您更加关注，请不要止步于此。使用 Simply Wall Street 筛选器在其他人行动之前找到下一个高信念机会。</p>
<ul>
<li>通过针对这些 914 只基于现金流的被低估股票，利用市场定价错误，锁定低于其内在价值的公司。这可以帮助您在潜在的重新定价之前提前布局。</li>
<li>通过筛选这些 25 只 AI 便士股票，抓住创新浪潮，关注处于变革技术前沿的公司，趁其增长故事尚未成为主流。</li>
<li>通过锁定这些 13 只收益率超过 3% 的可靠分红股票，强化您的收入策略，以便您关注许多投资者可能忽视的收益。</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>移动基础设施用于国防和灾难</p>
<p>下一波机器人技术不是类人型的。它是完全自主的塔，在 30 分钟内提供 5G、ISR 和雷达，随处可用。</p>
<p>在下一轮合同之前获取投资者简报</p>
<p>代表 CiTech 赞助</p>

MARUY

<p>丸红（TSE:8002）在过去一个月的股价上涨了 15%，在过去一年中翻了一番。该股票的市盈率为 12.5 倍，低于日本市场平均水平，但高于其行业平均水平。分析师对其估值意见不一，一些模型认为其被低估，而另一些则认为其被高估。投资者在做出决策之前，建议考虑潜在的风险和回报</p>

<h2>Recent performance puts Marubeni in focus</h2>
<div class="lb-trans"><h2>最近的表现使丸红备受关注</h2>
</div><p>Marubeni (TSE:8002) has quietly delivered a strong run lately, with the stock up about 15% over the past month and roughly doubling over the past year, inviting a closer look at what is driving sentiment.</p>
<div class="lb-trans"><p>丸红（TSE:8002）最近表现强劲，股价在过去一个月上涨约 15%，在过去一年中几乎翻倍，这引发了人们对其驱动情绪因素的深入关注。</p>
</div><p>See our latest analysis for Marubeni.</p>
<div class="lb-trans"><p>请查看我们对丸红的最新分析。</p>
</div><p>That recent 15.5% 1 month share price return sits on top of an 83.1% year to date share price gain and a 100.8% 1 year total shareholder return, suggesting momentum is still firmly on Marubeni’s side as investors re rate its prospects.</p>
<div class="lb-trans"><p>最近 15.5% 的一个月股价回报率在 83.1% 的年初至今股价涨幅和 100.8% 的年度总股东回报之上，表明随着投资者重新评估其前景，丸红的势头依然强劲。</p>
</div><p>If Marubeni’s surge has you rethinking what else might be gaining traction, this is a good moment to explore fast growing stocks with high insider ownership for other potential standouts.</p>
<div class="lb-trans"><p>如果丸红的激增让你重新思考其他可能获得关注的股票，现在是探索高内部持股的快速增长股票的好时机，以寻找其他潜在的亮点。</p>
</div><p>With Marubeni now trading almost exactly in line with analyst targets after a powerful multi year run and only modest earnings growth, investors must ask: is there still a buying opportunity here, or is future growth already priced in?</p>
<div class="lb-trans"><p>随着丸红的股价几乎完全符合分析师目标，在经历了强劲的多年增长和仅温和的盈利增长后，投资者必须问：这里还有买入机会吗，还是未来的增长已经被定价？</p>
</div><h2>Price to earnings of 12.5x: Is it justified?</h2>
<div class="lb-trans"><h2>12.5 倍的市盈率：是否合理？</h2>
</div><p>On a price to earnings ratio of 12.5 times at the last close of ¥4,344, Marubeni screens modestly valued versus the broader Japanese market but looks pricier than many direct Trade Distributor peers.</p>
<div class="lb-trans"><p>在最近收盘价¥4,344 的市盈率为 12.5 倍的情况下，丸红的估值相较于更广泛的日本市场显得适中，但相比许多直接贸易分销商则显得更贵。</p>
</div><p>The price to earnings multiple compares the company’s share price with its per share earnings and is a common yardstick for businesses like Marubeni that generate consistent profits across diversified operations.</p>
<div class="lb-trans"><p>市盈率将公司的股价与每股收益进行比较，是像丸红这样在多元化运营中产生稳定利润的企业常用的衡量标准。</p>
</div><p>Marubeni’s 12.5 times multiple sits below the overall Japan market’s 14.2 times, implying investors are not paying a market premium for each yen of earnings. Yet it trades above the 10.1 times sector average, signaling the market is willing to ascribe a richer tag than many Trade Distributors even though its forecast earnings growth of about 1.3 percent annually lags the broader Japanese market.</p>
<div class="lb-trans"><p>丸红的 12.5 倍市盈率低于日本整体市场的 14.2 倍，这意味着投资者并没有为每一日元的收益支付市场溢价。然而，它的交易价格高于 10.1 倍的行业平均水平，表明市场愿意给予比许多贸易分销商更高的估值，尽管其预期的年增长率约为 1.3%，低于更广泛的日本市场。</p>
</div><p>When set against an estimated fair price to earnings ratio of 21.1 times from our regression based fair ratio framework, the current 12.5 times still looks significantly lower than the level the market could migrate toward if sentiment and fundamentals converge.</p>
<div class="lb-trans"><p>与我们基于回归的合理市盈率框架估算的 21.1 倍的合理市盈率相比，目前的 12.5 倍仍显著低于市场在情绪和基本面趋同时可能迁移的水平。</p>
</div><p>Explore the SWS fair ratio for Marubeni</p>
<div class="lb-trans"><p>探索丸红的 SWS 合理市盈率</p>
</div><p><strong>Result: Price-to-earnings of 12.5x (UNDERVALUED)</strong></p>
<div class="lb-trans"><p><strong>结果：12.5 倍的市盈率（被低估）</strong></p>
</div><p>However, Marubeni’s sprawling commodity-exposed portfolio and modest earnings growth mean shifts in global demand or pricing could quickly challenge today’s upbeat valuation.</p>
<div class="lb-trans"><p>然而，丸红庞大的商品暴露投资组合和温和的盈利增长意味着全球需求或价格的变化可能迅速挑战今天的乐观估值。</p>
</div><p>Find out about the key risks to this Marubeni narrative.</p>
<div class="lb-trans"><p>了解这一丸红叙述的主要风险。</p>
</div><h2>Another view on value</h2>
<div class="lb-trans"><h2>另一种价值观</h2>
</div><p>Our DCF model paints a very different picture, suggesting Marubeni’s shares at ¥4,344 sit well above an estimated fair value of about ¥1,866, pointing to an overvalued stock. When one method implies upside and another flags downside, which signal should investors lean on?</p>
<div class="lb-trans"><p>我们的 DCF 模型描绘了一个截然不同的图景，表明丸红的股价在¥4,344 远高于约¥1,866 的合理价值，指向一只被高估的股票。当一种方法暗示上涨而另一种方法警示下跌时，投资者应该依赖哪个信号？</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 模型如何得出其合理价值。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/218bade2-9494-4e5b-8d5d-83be1ca24bcf/chart/dcf" alt="" original-src="https://images.simplywall.st/company/218bade2-9494-4e5b-8d5d-83be1ca24bcf/chart/dcf"/></p>
<p>8002 Discounted Cash Flow as at Dec 2025</p>
<div class="lb-trans"><p>截至 2025 年 12 月的 8002 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 Marubeni 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 914 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（例如查看丸红）。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 914 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 Marubeni Narrative</h2>
<div class="lb-trans"><h2>构建您自己的丸红叙述</h2>
</div><p>If you see the story differently or want to dig into the numbers yourself, you can build a personalised view in just minutes: Do it your way.</p>
<div class="lb-trans"><p>如果您对这个故事有不同的看法或想自己深入研究数字，您可以在几分钟内构建个性化的视图：按您的方式进行。</p>
</div><p>A great starting point for your Marubeni 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>您对丸红研究的一个很好的起点是我们的分析，强调了 3 个关键奖励和 2 个可能影响您投资决策的重要警示信号。</p>
</div><h2>Ready for your next investing move?</h2>
<div class="lb-trans"><h2>准备好进行下一步投资吗？</h2>
</div><p>If Marubeni has sharpened your focus, do not stop here. Use the Simply Wall Street Screener to pinpoint your next high conviction opportunity before others move.</p>
<div class="lb-trans"><p>如果丸红让您更加关注，请不要止步于此。使用 Simply Wall Street 筛选器在其他人行动之前找到下一个高信念机会。</p>
</div><ul>
<li>Capitalize on market mispricing by targeting companies trading below their intrinsic value through these 914 undervalued stocks based on cash flows. This can help you position yourself ahead of a potential re rating.</li>
<li>Ride the wave of innovation by screening for companies at the forefront of transformational technology with these 25 AI penny stocks before their growth stories become mainstream.</li>
<li>Strengthen your income strategy by pinpointing reliable payers using these 13 dividend stocks with yields &gt; 3% so you can focus on yields that many investors may overlook.</li>
</ul>
<div class="lb-trans"><ul>
<li>通过针对这些 914 只基于现金流的被低估股票，利用市场定价错误，锁定低于其内在价值的公司。这可以帮助您在潜在的重新定价之前提前布局。</li>
<li>通过筛选这些 25 只 AI 便士股票，抓住创新浪潮，关注处于变革技术前沿的公司，趁其增长故事尚未成为主流。</li>
<li>通过锁定这些 13 只收益率超过 3% 的可靠分红股票，强化您的收入策略，以便您关注许多投资者可能忽视的收益。</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><p>Mobile Infrastructure for Defense and Disaster</p>
<div class="lb-trans"><p>移动基础设施用于国防和灾难</p>
</div><p>The next wave in robotics isn't humanoid. Its fully autonomous towers delivering 5G, ISR, and radar in under 30 minutes, anywhere.</p>
<div class="lb-trans"><p>下一波机器人技术不是类人型的。它是完全自主的塔，在 30 分钟内提供 5G、ISR 和雷达，随处可用。</p>
</div><p>Get the investor briefing before the next round of contracts</p>
<div class="lb-trans"><p>在下一轮合同之前获取投资者简报</p>
</div><p>Sponsored On Behalf of CiTech</p>
<div class="lb-trans"><p>代表 CiTech 赞助</p>
</div>

丸红株式会社（TSE:8002）：在经历多年强劲股价上涨后评估其估值