Meta Platforms 估值合理，合理价值估计为 686 美元，具备良好投资价值。
逐段跳播
他们预期，正在建设这些数据中心的企业——Amazon、Microsoft、Alphabet、Meta Platforms、Oracle——会像现在这样建一大批数据中心。但一旦完成这轮初期建设，他们就会停下来，不再建更多，届时对 Nvidia 产品的唯一需求，就只是替换这些年来投入这些数据中心的那些设备。
They're expecting that the companies that are building these data centers, Amazon, Microsoft, Alphabet, Meta Platforms, Oracle, that they'll build a bunch of these data centers like they're doing right now. But once once they're finished with this initial buildout that they'll stop that they won't build more that then the only demand for Nvidia's products will be replacing those units that were put into these data centers over these several years.
但我们可能会到达一个临界点，出现某种限制，贷款方和投资者会说，好了，够了。Amazon、Alphabet、Meta Platforms，这些公司曾经是现金牛，每年产生超过一千亿美元的自由现金流，而现在它们已经转为负值。
对吧？我预测 Amazon 今年的自由现金流为负。我预测 Meta Platforms 今年的自由现金流为负，而它们正在走向市场，借入 200 亿、300 亿、400 亿、500 亿美元。
But we might reach a point where there's a sort of limitation where lenders and investors say all right enough is enough now. Amazon, Alphabet, Meta Platforms, these are companies that are now they were cash cows that were generating over a hundred billion in annual free cash flow and now they've turned negative. Right? I'm forecasting Amazon's free cash flow is negative this year. I'm forecasting Meta Platform's free cash flow is negative this year and they're going to markets and they're borrowing 20 30 40 billion $50 billion
它还会让你访问我的电子表格，里面包含我所跟踪的所有公司的贴现现金流估值，包括 Meta Platforms。你点进去，就能看到 Meta Platforms 目前的公允价值估计，686 美元。我认为这是一个很好的价值。
It'll also give you access to my spreadsheet that has all my discounted cash flow valuations for all of the companies that I'm following, including Meta Platforms. You click in there, you can see fair value estimate for Meta Platforms right now, $686. I think it's a great value.
这个频道对 $META 的历次判断
Parkev Tatevosian, CFA 在这只股票上共 3 条判断，这里只列相邻的几条。