NFLX 被显著低估（合理价值高于 118 美元，对价格约 67 美元），因财务表现强劲且内容效率高；这是说话者投资组合中最大的持仓。
逐段跳播
这些是 Amazon、Netflix、Uber、Nvidia、Pinterest、Meta、Visa、Adobe 和 McDonald's。让我解释一下为什么我认为这些股票目前代表着极佳的价值。
These are Amazon, Netflix, Uber, Nvidia, Pinterest, Meta, Visa, Adobe , and McDonald's. Let me explain why I believe these stocks represent excellent value at the moment.
Netflix 股价目前接近其 52 周低点 67 美元，但我计算出其公允价值超过 118 美元。在我看来，它是最被低估的股票之一，当然，Netflix 股价下跌的主要原因之一是用户参与度缺乏增长。
Netflix 报告的用户参与度增长为低个位数，投资者担心它正在失去对消费者的吸引力。
Netflix stock is trading near its 52- week low of $67 , but I've calculated its fair value at over $118. In my opinion, it is one of the most undervalued stocks, and of course, one of the main reasons behind the decline in Netflix stock trading is the lack of growth in user engagement.
Netflix is reporting low single-digit growth in user engagement, and investors are concerned that it is losing its appeal to consumers.
另一个挑战，也是 Netflix 参与度下降的原因之一，是消费者观看更多短视频内容，这减少了在该平台上观看长视频内容的时间。幸运的是，Netflix 正在通过在其平台上推出短视频内容专区来应对，尽管这仍处于早期阶段，但人们乐观并受到鼓舞，认为随着平台使用量的增加，它可能维持并重新赢回消费者参与度。
Another challenge and one of the reasons for the decline in engagement on Netflix is that consumers are watching more short-form content, which reduces the time spent watching long-form content on the platform.
Fortunately, Netflix is responding to this by launching a special section for short content on its platform, and although it is still in its early stages, there is optimism and encouragement that it may maintain and regain consumer engagement as the platform's use increases .
我对 Netflix 感到兴奋的原因之一，是公司在过去十多年里积累的内容创作经验，这些内容获得了巨大的观看量并带来数十亿美元的收入，而且他们能够高效地做到这一点，这意味着他们不需要花很多钱就能吸引这种参与度。
他们的营业利润率是同业中最好的。公司正以两位数增长率产生数十亿美元的自由现金流，我预计随着更多人取消有线电视订阅并转向数字流媒体，这种增长将持续下去。这带来了我认为是市场上最具吸引力的风险回报平衡之一，而 Netflix 在我的投资组合中占比最大，意味着我的大部分资产都投向了 Netflix 股票。
One of the reasons I'm excited about Netflix is the experience the company has gained over the past decade and more in creating content that gets huge views and generates billions of dollars in revenue, and they can do it effectively, which means they don't need to spend a lot to attract that engagement.
Their operating profit margins are best in their class. The company is generating free cash flow at double-digit growth rates reaching billions of dollars, and I expect this growth to continue as more people cancel cable subscriptions and switch to digital streaming instead .
This results in a risk- reward balance that I find among the most attractive in the market, and Netflix has the largest allocation in my portfolio, meaning that most of my assets are directed towards Netflix stock.
这个频道对 $NFLX 的历次判断
Parkev Tatevosian, CFA 在这只股票上共 4 条判断，这里只列相邻的几条。