印孚瑟斯估值分析：DCF模型显示公允价格约11美元

环球市场播报06-03

根据媒体于2026年6月3日更新的贴现现金流分析，印度IT服务巨头印孚瑟斯的每股内在价值约为12.78美元，而当前股价约为13.08美元，理论上有约2.3%的轻微高估，整体处于公允价值区间。今年以来，该股已累计下跌约26.6%。　　两种DCF模型的分歧　　基于每股收益的DCF模型计算的内在价值为12.78美元，显示当前股价略高于该水平。然而，基于自由现金流的DCF模型给出的内在价值却高达...

网页链接

免责声明：本文观点仅代表作者个人观点，不构成本平台的投资建议，本平台不对文章信息准确性、完整性和及时性做出任何保证，亦不对因使用或信赖文章信息引发的任何损失承担责任。

精彩评论

我们需要你的真知灼见来填补这片空白

发表看法

{"i18n":{"language":"zh_CN"},"isChannel":false,"data":{"share":"https://www.laohu8.com/m/news/2640618339?lang=zh_CN&edition=full","thumbnail":"","is_english":false,"pubTime":"2026-06-03 23:35","share_image_url":"https://static.laohu8.com/b0d1b7e8843deea78cc308b15114de44","id":"2640618339","market":"fut","top_or_hot":-1,"title":"印孚瑟斯估值分析：DCF模型显示公允价格约11美元","media":"环球市场播报","content":"<div>\n<p>根据媒体于2026年6月3日更新的贴现现金流分析，印度IT服务巨头印孚瑟斯的每股内在价值约为12.78美元，而当前股价约为13.08美元，理论上有约2.3%的轻微高估，整体处于公允价值区间。今年以来，该股已累计下跌约26.6%。\n　　两种DCF模型的分歧\n　　基于每股收益的DCF模型计算的内在价值为12.78美元，显示当前股价略高于该水平。然而，基于自由现金流的DCF模型给出的内在价值却高达...</p>\n\n<a href=\"https://finance.sina.com.cn/stock/usstock/c/2026-06-03/doc-iniaecsk0727674.shtml\">网页链接</a>\n\n</div>\n","source":"sina","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>印孚瑟斯估值分析：DCF模型显示公允价格约11美元</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n印孚瑟斯估值分析：DCF模型显示公允价格约11美元\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-06-03 23:35 北京时间&nbsp;&nbsp;&nbsp;<a href=https://finance.sina.com.cn/stock/usstock/c/2026-06-03/doc-iniaecsk0727674.shtml><strong>环球市场播报</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>根据媒体于2026年6月3日更新的贴现现金流分析，印度IT服务巨头印孚瑟斯的每股内在价值约为12.78美元，而当前股价约为13.08美元，理论上有约2.3%的轻微高估，整体处于公允价值区间。今年以来，该股已累计下跌约26.6%。\n　　两种DCF模型的分歧\n　　基于每股收益的DCF模型计算的内在价值为12.78美元，显示当前股价略高于该水平。然而，基于自由现金流的DCF模型给出的内在价值却高达...</p>\n\n<a href=\"https://finance.sina.com.cn/stock/usstock/c/2026-06-03/doc-iniaecsk0727674.shtml\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0862451753.SGD","symbol_name":"JPMorgan Funds - Emerging Markets Dividend A (mth) SGD","start_time":0,"source_url":"https://finance.sina.com.cn/stock/usstock/c/2026-06-03/doc-iniaecsk0727674.shtml","article_id":"2640618339","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2640618339","pubTimestamp":1780500900,"columns":[],"sourceInfo":{"source_id":"sina","name":"sina"},"weMediaInfo":null,"summary":"根据媒体于2026年6月3日更新的贴现现金流分析，印度IT服务巨头印孚瑟斯的每股内在价值约为12.78美元，而当前股价约为13.08美元，理论上有约2.3%的轻微高估，整体处于公允价值区间。今年以来，该股已累计下跌约26.6%。　　基于每股收益的DCF模型计算的内在价值为12.78美元，显示当前股价略高于该水平。然而，基于自由现金流的DCF模型给出的内在价值却高达17.06美元，意味着有约23.3%的安全边际。","collect":0,"end_time":0,"defaultTopTitle":"sina.com.cn","property":[],"viewcount":null,"language":"zh","relate_stocks":{"LU0862451753.SGD":"JPMorgan Funds - Emerging Markets Dividend A (mth) SGD","IE00BYTNYM70.SGD":"PINEBRIDGE INDIA EQUITY \"A5\" (SGD) ACC","LU0898667661.SGD":"JPMorgan Funds - Asia Pacific Income A (mth) SGD-H","LU0066902890.USD":"HSBC GIF INDIAN EQUITY \"AD\" (USD) INC","IE00B3M56506.USD":"NEUBERGER BERMAN EMERGING MARKETS EQUITY \"A\" (USD) ACC","BK4585":"ETF&股票定投概念","LU0708995666.HKD":"FRANKLIN INDIA \"A\" (HKD) ACC","LU1366334578.USD":"ALLSPRING EMERGING MARKETS EQUITY INCOME \"A\" (USD) INC","LU0890818403.SGD":"JPMorgan Funds - Emerging Markets Dividend A (mth) SGD-H","LU1804176565.USD":"EASTSPRING INV GLOBAL GROWTH EQUITY \"A\" (USD) ACC","BK4533":"AQR资本管理(全球第二大对冲基金)","UUP":"美元ETF-PowerShares DB","LU1267930656.SGD":"FRANKLIN INDIA \"AS\" (SGD) ACC A","LU0791590937.USD":"ALLSPRING  EMERGING MARKTES EQUITY INCOME \"A\" (USD)","LU0197229882.USD":"富达印度焦点基金","LU0231203729.USD":"富兰克林印度基金A (acc)","LU0791591158.USD":"ALLSPRING  EMERGING MARKTES EQUITY INCOME \"I\" (USD) ACC","LU0348744763.USD":"ALLIANZ ASIA PACIFIC INCOME \"A\" (USD) INC","LU2087589342.USD":"BGF ASIAN MULTI-ASSET INCOME \"A6\" (USD) INC","LU0431992006.USD":"摩根大通新兴市场机会A（acc）","BK4535":"淡马锡持仓","LU1323998911.USD":"BGF ASIAN MULTI-ASSET INCOME \"A\" (USD) ACC","INFY":"印孚瑟斯","LU0531971678.HKD":"HSBC GIF INDIAN EQUITY \"AD\" (HKD) INC","LU2265009873.SGD":"Eastspring Investments - Global Growth Equity AS SGD-H","UDN":"做空美元指数-PowerShares","BK4588":"碎股","LU0831103253.SGD":"JPMorgan Funds - Asia Pacific Income A (mth) SGD","BK4523":"印度概念","DCF":"Dreyfus Alcentra Global Credit Income 2024 Target Term Fund, Inc","LU1805238398.USD":"FIDELITY INDIA FOCUS \"A\" (USD) ACC","IE00B7N09G41.SGD":"柏瑞印度股票A5CP SGD","LU2663582299.SGD":"BSF BLACKROCK SYSTEMATIC ASIA PACIFIC EQUITY ABSOL \"A2\" (SGDHDG) ACC","IE00B0JY6M65.USD":"PINEBRIDGE INDIA EQUITY \"A\" (USD) ACC","BK4134":"信息科技咨询与其它服务","LU1508157978.USD":"BSF BLACKROCK SYSTEMATIC ASIA PACIFIC EQUITY ABSOLUTE RETURN \"A\" (USD) ACC","LU0333810181.USD":"高盛印度股票组合Acc","LU1102505762.USD":"富达新兴市场焦点 A","LU0868486357.SGD":"JPMorgan Funds - Emerging Markets Opportunities A (acc) SGD-H","LU0164881194.USD":"HSBC GIF INDIAN EQUITY \"AC\" (USD) ACC","LU1366334651.USD":"ALLSPRING EMERGING MARKETS EQUITY INCOME \"I\" (USD) INC","LU0536402901.SGD":"FTIF - Franklin India A (acc) SGD","LU0287143357.SGD":"Fidelity India Focus A-SGD"},"translate_title":"Infosys Valuation Analysis: DCF Model Shows Fair Price About $11","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"INFY":1.5,"DCF":1.5,"UDN":1.5,"UUP":1.5},"content_text":"根据媒体于2026年6月3日更新的贴现现金流分析，印度IT服务巨头印孚瑟斯的每股内在价值约为12.78美元，而当前股价约为13.08美元，理论上有约2.3%的轻微高估，整体处于公允价值区间。今年以来，该股已累计下跌约26.6%。\n　　两种DCF模型的分歧\n　　基于每股收益的DCF模型计算的内在价值为12.78美元，显示当前股价略高于该水平。然而，基于自由现金流的DCF模型给出的内在价值却高达17.06美元，意味着有约23.3%的安全边际。\n　　这两种模型的差异，反映了印孚瑟斯强劲的现金流表现。公司2026财年自由现金流达33，097亿卢比（约37亿美元），自由现金流与净利润的转换比率高达112.6%。此外，公司2026财年营收首次突破200亿美元，达到201.58亿美元，同比增长3.1%。\n　　市场背景与股价表现\n　　此次估值分析发布之际，印孚瑟斯正处于市场的回调压力之下。6月3日，印度Nifty IT指数暴跌超过5%，创下一个月来最大单日跌幅，印孚瑟斯印度上市股票下跌约4%。其在美上市的ADR前一晚也下跌约2.5%，为当日弱势埋下伏笔。\n　　市场分析认为，此轮下跌主要受投资者在IT板块近期连续三日上涨后的获利了结驱动。尽管短期股价承压，但华尔街分析师对印孚瑟斯的平均目标价约为15.56美元，普遍评级为“增持”。\n　　基本面与业务进展\n　　从基本面看，印孚瑟斯仍保持稳健。2026财年第四季度，公司营收同比增长4.1%，净利润同比增长20.9%，每股收益0.23美元。全年大额合同总价值达149亿美元，同比增长24%，其中55%来自新客户。\n　　在AI业务布局方面，印孚瑟斯近期扩大了与挪威最大银行DNB的合作伙伴关系，将利用NICE Actimize X-Sight平台和AI技术帮助该银行升级金融犯罪检测系统。公司CEO Salil Parekh表示，其“AI优先”的价值框架和Topaz Fabric平台正在赢得市场认可。\n　　展望2027财年，公司预计营收增长1.5%至3.5%，运营利润率维持在20%至22%之间。GuruFocus的GF Score给予印孚瑟斯87分（满分100分），其中盈利能力、增长和财务实力均获高分，但估值和动能评分相对较低。\n\n\n海量资讯、精准解读，尽在新浪财经APP\n\n责任编辑：张俊 SF065","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":1,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"isLaohu8Offline":false,"tenantId":"TBCN","deviceId":"web-server-community-laohu8-v3","version":"4.44.1","shortVersion":"4.44.1","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2640618339","isCrawlerRequest":true}