Adam Khoo 对 $MA 的判断变化

2026-08-21
How to Know if a Stock is Cheap or Expensive? Part 2 of 2
万事达卡的内在价值为每股719美元,基于贴现自由现金流法,假设前5年增长15.65%,此后增长17%;但Oracle估值更为保守,为561美元,调整假设可得到不同估值,如增长12%时估值为67美元。

这是万事达卡,股票代码为 MA。所以,如果你以万事达卡为例,需要理解几件事,其中之一是查看预计增长率。你可以看到,未来 5 年它预计将以 15.65% 的速度增长。

It is Mastercard ticker symbol MA. So if you take a look at Mastercard for example, few things to understand is to look at the projected growth rate. You can see for the next 5 years it it is projected to grow at 15.65%.

而从更长期来看,它预计将以 17% 的速度增长。

And over the longer term it's projected to grow at 17%.

那么,让我们看看这里的内在价值。如果我进入内在价值,你可以看到这些都是我之前向你展示过的不同估值方法,Stock Oracle 会自动基于所有这些方法对股票进行估值,这些方法我之前提到过,即折现自由现金流法、折现现金流法、折现净收入法、平均市销率法、平均市盈率法、平均市净率法、市销率增长比率法,它们都在那里,全部为你预先计算好了。

So, let's take a look at intrinsic value over here. If I go to intrinsic value, you can see again these are all the different methods of valuation which I showed you earlier on and stock oracle automatically values the stock based on all these methods which I mentioned earlier on which is the discounted free cash flow method, the discounted cash flow method, discounted net income, uh mean price to sales, mean price to earnings, mean price to book, price to sales growth ratio, they are all there, all pre-calculated. method for you.