Those holding Pan Hong Holdings Group Limited (SGX:P36) shares would be relieved that the share price has rebounded 28% in the last thirty days, but it needs to keep going to repair the recent damage it has caused to investor portfolios. Unfortunately, the gains of the last month did little to right the losses of the last year with the stock still down 32% over that time.
Even after such a large jump in price, given close to half the companies in Singapore have price-to-earnings ratios (or "P/E's") above 11x, you may still consider Pan Hong Holdings Group as a highly attractive investment with its 4.9x P/E ratio. Nonetheless, we'd need to dig a little deeper to determine if there is a rational basis for the highly reduced P/E.
As an illustration, earnings have deteriorated at Pan Hong Holdings Group over the last year, which is not ideal at all. It might be that many expect the disappointing earnings performance to continue or accelerate, which has repressed the P/E. If you like the company, you'd be hoping this isn't the case so that you could potentially pick up some stock while it's out of favour.
See our latest analysis for Pan Hong Holdings Group
SGX:P36 Price Based on Past Earnings September 11th 2022 Want the full picture on earnings, revenue and cash flow for the company? Then our
free report on Pan Hong Holdings Group will help you shine a light on its historical performance.
Is There Any Growth For Pan Hong Holdings Group?
There's an inherent assumption that a company should far underperform the market for P/E ratios like Pan Hong Holdings Group's to be considered reasonable.
If we review the last year of earnings, dishearteningly the company's profits fell to the tune of 75%. This has soured the latest three-year period, which nevertheless managed to deliver a decent 27% overall rise in EPS. Accordingly, while they would have preferred to keep the run going, shareholders would be roughly satisfied with the medium-term rates of earnings growth.
Comparing that to the market, which is only predicted to deliver 4.1% growth in the next 12 months, the company's momentum is stronger based on recent medium-term annualised earnings results.
With this information, we find it odd that Pan Hong Holdings Group is trading at a P/E lower than the market. It looks like most investors are not convinced the company can maintain its recent growth rates.
The Final Word
Even after such a strong price move, Pan Hong Holdings Group's P/E still trails the rest of the market significantly. It's argued the price-to-earnings ratio is an inferior measure of value within certain industries, but it can be a powerful business sentiment indicator.
We've established that Pan Hong Holdings Group currently trades on a much lower than expected P/E since its recent three-year growth is higher than the wider market forecast. When we see strong earnings with faster-than-market growth, we assume potential risks are what might be placing significant pressure on the P/E ratio. It appears many are indeed anticipating earnings instability, because the persistence of these recent medium-term conditions would normally provide a boost to the share price.
There are also other vital risk factors to consider and we've discovered 3 warning signs for Pan Hong Holdings Group (1 makes us a bit uncomfortable!) that you should be aware of before investing here.
You might be able to find a better investment than Pan Hong Holdings Group. If you want a selection of possible candidates, check out this free list of interesting companies that trade on a P/E below 20x (but have proven they can grow earnings).
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
那些持有 泛宏控股集团有限公司 (SGX: P36) 股价在过去三十天内反弹了28%,这让股价松了一口气,但它需要继续修复最近对投资者投资组合造成的损害。不幸的是,上个月的涨势并没有弥补去年的亏损,该股在此期间仍下跌了32%。
即使价格大幅上涨,鉴于新加坡有近一半的公司的市盈率(或 “市盈率”)超过11倍,您仍然可以将泛宏控股集团视为具有4.9倍市盈率的极具吸引力的投资。尽管如此,我们需要更深入地研究,以确定大幅降低的市盈率是否有合理的依据。
举例来说,泛宏控股集团的收益在去年有所恶化,这根本不理想。可能是许多人预计令人失望的收益表现会持续或加速,这抑制了市盈率。如果你喜欢这家公司,你会希望情况并非如此,这样你就有可能在股票失宠时买入一些股票。
查看我们对泛宏控股集团的最新分析
新加坡证券交易所:P36 价格基于过去的收益 2022 年 9 月 11 日想要全面了解公司的收益、收入和现金流吗?然后我们的
免费的 泛宏控股集团的报告将帮助您了解其历史表现。
泛宏控股集团有增长吗?
有一种固有的假设是,像泛宏控股集团这样的市盈率应该远远低于市场才算合理。
如果我们回顾一下去年的收益,令人沮丧的是,该公司的利润下降到75%左右。这使最近的三年期恶化了,尽管如此,这使每股收益总体增长了27%。因此,尽管他们本来希望保持涨势,但股东会对中期收益增长率大致满意。
与预计在未来12个月内仅实现4.1%的增长的市场相比,根据最近的中期年化收益业绩,该公司的势头更加强劲。
有了这些信息,我们发现泛宏控股集团的市盈率低于市场是奇怪的。看来大多数投资者不相信该公司能够维持其最近的增长率。
最后一句话
即使在价格走势如此强劲之后,泛宏控股集团的市盈率仍大大落后于其他市场。有人认为,市盈率是衡量某些行业价值的次要指标,但它可能是一个有力的商业情绪指标。
我们已经确定,泛宏控股集团目前的市盈率远低于预期,因为其最近的三年增长高于整个市场的预期。当我们看到强劲的收益和快于市场的增长速度时,我们认为潜在的风险可能会给市盈率带来巨大压力。看来许多人确实在预期收益会出现不稳定,因为这些最近的中期状况的持续通常会提振股价。
还有其他重要的风险因素需要考虑,我们已经发现 泛宏控股集团的三个警告标志 (1 让我们有点不舒服!)在这里投资之前,你应该注意这一点。
你也许能找到比泛宏控股集团更好的投资。如果你想选择可能的候选人,可以看看这个 免费的 市盈率低于20倍(但已证明可以增加收益)的有趣公司名单。
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Simply Wall St 的这篇文章本质上是一般性的。 我们仅使用不偏不倚的方法根据历史数据和分析师预测提供评论,我们的文章并非旨在提供财务建议。 它不构成买入或卖出任何股票的建议,也没有考虑您的目标或财务状况。我们的目标是为您提供由基本面数据驱动的长期重点分析。请注意,我们的分析可能未将最新的价格敏感型公司公告或定性材料考虑在内。简而言之,华尔街对上述任何股票都没有头寸。