Dividendology 对 $MCD 的判断变化

2026-09-16看跌

《5 Dividend Stocks at a 52 Week Low!》

MCD 的吸引力下降；销售放缓、通胀以及偏低的每股收益增长预期限制了未来回报，除非估值倍数扩张。

接下来看一个家喻户晓的名字——麦当劳，股票代码 MCD。这又是一个例子：是的，该股正处在52周低点附近，过去一年下跌了近15%。但问题不止于此，其5年回报率也非常不理想。

Now, we come to a popular household name. We have McDonald's, stock ticker MCD. And this is another example of a stock, yes, trading right at their 52- week low, down almost 15% in the last year.

But it's not just that. 5-year returns have been very substandard as well.

真正有意思的是，该股目前的估值倍数正处于过去5年来的最低水平。其平均市盈率约为24倍，而目前市盈率约为19倍，对该股而言处于历史低位。

And what's really interesting is they're now trading at their lowest valuation multiple in the last 5 years for this stock. The average PE multiple has been about 24. They're currently trading at around a 19 PE multiple, historically low for this stock.

看原视频12:52

2026-08-12

《5 Dividend Stocks at a 52 Week Low!》

麦当劳凭借其特许经营模式和可持续股息具备结构性长期优势，但目前受短期宏观经济逆风和利率上升压力拖累。

现在，我们来看麦当劳的股票，过去一年下跌超过10%，过去五年仅上涨17%，此前我们在过去一年看到了回调。因此，回报肯定不具有吸引力，当然，这也是它处于52周低点的原因。但以这些价格交易的有趣之处在于，麦当劳的起始收益率现在是近10年来最高的，除了2020年市场崩盘之外。

Now, we come to McDonald's stock, who in the last year is down by over 10%, and in the last 5 years only up by 17% after we've seen the pullback in the last year. So, returns have certainly not been attractive, and of course, that's the reason that it's at a 52-week low.

But what's interesting about trading at these prices is the starting yield for McDonald's is now the highest that it's been really in close to the last 10 years with the exception of the 2020 market crash.

看原视频12:24