由于内在价值与当前股价之间存在估值差距，应避免投资 AAPL。
逐段跳播
他说，所有讲解这些书的课程都是金融上的胡说八道，比如讨论苹果股票的目标价以及如何计算它等等。然后我们进入内在价值学习模型。我们来看苹果股票。我们有利润，有预估增长率、最终乘数以及各项基准；它们之间存在差异。
那么我算出的该股内在价值是 128。股价是 348。
He says that all the courses that explain these books are financial nonsense, such as discussing the target price for Apple stock and how to calculate it, etc. Then we move on to our intrinsic value learning model.
We go to Apple stock. We have the profits. We have the estimated growth, the ultimate multiplier, and the benchmarks; There are differences. My intrinsic value for the stock is then 128. The stock price is 348.
我会不会判断正确？我完全不知道。我也不感兴趣。还有其他的情景。我有一个更乐观的情景，是的，我这里的估值是 129。如果你把折现率改成 5%，这个估值几乎翻倍。
Will I be right? I have no idea. I'm not interested. There are other scenarios. I have a more optimistic scenario, and yes, my rating is 129 here. If you change the discount rate to 5%, the rating almost doubles.
但我想说的是，为了实现我的财务目标而希望达到的 10% 预期回报所对应的内在价值，与股价相去甚远。所以我干脆不投资苹果。我承担不了那个风险。
But I'm just saying, well, the intrinsic value of a 10% expected return that I want to achieve to reach my financial goals is far removed from the share price. So I simply don't invest in Apple. I cannot take that risk.
这个频道对 $AAPL 的历次判断
Value Investing with Sven Carlin, Ph.D. 在这只股票上共 2 条判断，这里只列相邻的几条。