PYPL 估值偏低且基本面持续改善，因此被低估，构成买入机会。
逐段跳播
PayPal。是的，就是这只股票，有人可能会说：“对这只股票要小心，尤其是在交易告吹或Stripe交易可能告吹的情况下。”是的。你为什么更看好PayPal？这看起来很吓人。你为什么更看好PayPal？
PayPal. Yes, this name, you know, some might say: " Be careful with this name , especially with the collapse of the deal or the potential collapse of the Stripe deal." Yes. Why do you prefer PayPal? This looks scary. Why do you prefer PayPal?
Stripe？这不重要。那是一个低廉的报价。那是个笑话。听着，这是一个黄金机会，Tom。原因如下：股价较2021年的高点下跌了80%。这只股票被低估了。自超过300美元的峰值以来，价格、价值、利润和营收增长了50%。
自由现金流每年超过60亿美元。他们持有公司15%的股份，并且已经买入了近30%的股票。因此，自由现金流增长了27%。
Stripe? It doesn't matter. That was a cheap offer. It was a joke. Look, this is a golden opportunity, Tom. Here's why: The stock price is down 80% from its 2021 highs. The stock is undervalued.
Price, value, profits and revenue have increased by 50% since a peak of over $300. Free cash flow exceeds $6 billion annually. They own 15% of the company, and have already bought nearly 30% of the shares. Therefore, free cash flow increased by 27%.
那么，业务层面发生了什么？为什么股价跌了这么多？利润率下降了。为什么利润率下滑了？不是因为公司业绩恶化，而是因为Braintree的业务——在使用Uber或从Ticketmaster购票等场景下处理支付，利润率较低——增长速度超过了通过知名品牌进行的支付。
Now, what's happening on the business front? Why did the stock price drop so much? Profit margins have decreased. Why have profit margins declined ? Not because the company's performance has deteriorated, but because Braintree's business, which processes payments when using Uber or purchasing tickets from Ticketmaster, etc., and which has low profit margins, has grown at a faster pace than payments through well- known brands.
当人们想到PayPal时，他们想到的是支付按钮。我们实现了更高的每股现金流、更高的每股营收和更高的每股收益。利润率下降了，但现在又在加速回升。他们正在通过快速结账功能重建品牌，将商家的转化率提高了51%。
因此，他们现在可以收取更高的费用，因为这增加了商家的利润。PayPal身上发生了许多积极的事情。他们是基于技术的电子商务的先驱。他们最近与Meta的子公司Muse达成了交易。他们凭借co-pilot拥有先进技术，具备从对话中获利的优势。
所以，如果你使用任何聊天平台，你很可能通过PayPal付款。那里正在发生很多好事。顺便说一句，他们可能已经通过这次与Meta的合作被收购了。他们建立了合作关系。广告业务极具价值。
嗯，PayPal的广告业务仍处于早期阶段。Mark Grether曾在Amazon和Uber创立广告业务，现在在PayPal负责这些业务。我们相信这可能增加15亿至20亿美元的自由现金流，这也会有助于加速利润率。
我们忍不住喜欢这个项目。PayPal股价目前的市盈率为九倍。
When people think of PayPal, they think of the payment button. We have achieved greater cash flow per share, greater revenue per share, and greater earnings per share. Profit margins have declined , but are now accelerating again.
They are rebuilding their brand with a fast checkout feature, improving the merchants' conversion rate by 51%. Therefore, they can now charge higher fees because it increases the merchant's profits.
There are many positive things that happen with PayPal. They are pioneers of technology-based e-commerce. They recently made a deal with Muse, a subsidiary of Meta. They have advanced technology with co-pilot, with the advantage of profiting from conversations.
So, if you use any chat platform, you probably pay via PayPal. There are a lot of good things happening there . Incidentally, they may already be acquired through this partnership with Meta.
They developed a partnership. Advertising work is extremely valuable. Well, PayPal's advertising business is still in its early stages . Mark Grether, who founded the advertising businesses at Amazon and Uber, now runs them at PayPal.
We believe this could add $ 1.5 billion to $2 billion in free cash flow , which will also contribute to accelerating profit margins. We can't help but love this project. PayPal shares are trading at nine times earnings.
这个频道对 $PYPL 的历次判断
Schwab Network 在这只股票上只有这一条判断。