There's Reason For Concern Over Songcheng Performance Development Co.,Ltd's (SZSE:300144) Price
There's Reason For Concern Over Songcheng Performance Development Co.,Ltd's (SZSE:300144) Price
When you see that almost half of the companies in the Hospitality industry in China have price-to-sales ratios (or "P/S") below 5.9x, Songcheng Performance Development Co.,Ltd (SZSE:300144) looks to be giving off strong sell signals with its 17x P/S ratio. However, the P/S might be quite high for a reason and it requires further investigation to determine if it's justified.
当你看到中国酒店业几乎有一半的公司的市销率(或 “市盈率”)低于5.9倍时, 宋城演出发展有限公司, Ltd (SZSE: 300144) 的市盈率为17倍,似乎发出了强烈的卖出信号。但是,市盈率很高可能是有原因的,需要进一步调查才能确定其是否合理。
View our latest analysis for Songcheng Performance DevelopmentLtd
查看我们对宋城演艺发展有限公司的最新分析
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What Does Songcheng Performance DevelopmentLtd's P/S Mean For Shareholders?
宋城绩效发展有限公司的市盈率对股东意味着什么?
Recent times have been advantageous for Songcheng Performance DevelopmentLtd as its revenues have been rising faster than most other companies. It seems the market expects this form will continue into the future, hence the elevated P/S ratio. You'd really hope so, otherwise you're paying a pretty hefty price for no particular reason.
最近这段时间对宋城演出发展有限公司来说是有利的,因为其收入的增长速度比大多数其他公司都要快。看来市场预计这种形式将持续到未来,因此市盈率会提高。你真的希望如此,否则你将无缘无故地付出相当高的代价。
Do Revenue Forecasts Match The High P/S Ratio?
收入预测是否与高市盈率相符?
The only time you'd be truly comfortable seeing a P/S as steep as Songcheng Performance DevelopmentLtd's is when the company's growth is on track to outshine the industry decidedly.
看到像Songcheng Performance Developmence Developmence Ltd一样高的市盈率只有当公司的增长有望明显超越行业时,你才会真正感到舒服。
If we review the last year of revenue growth, the company posted a terrific increase of 203%. The latest three year period has also seen an excellent 65% overall rise in revenue, aided by its short-term performance. Therefore, it's fair to say the revenue growth recently has been superb for the company.
如果我们回顾一下去年的收入增长,该公司公布了203%的惊人增长。在短期表现的推动下,最近三年的总体收入也实现了65%的出色增长。因此,可以公平地说,该公司最近的收入增长非常好。
Turning to the outlook, the next year should generate growth of 54% as estimated by the analysts watching the company. With the industry predicted to deliver 53% growth , the company is positioned for a comparable revenue result.
谈到前景,正如关注该公司的分析师所估计,明年将实现54%的增长。预计该行业将实现53%的增长,该公司有望实现可比的收入业绩。
With this in consideration, we find it intriguing that Songcheng Performance DevelopmentLtd's P/S is higher than its industry peers. Apparently many investors in the company are more bullish than analysts indicate and aren't willing to let go of their stock right now. These shareholders may be setting themselves up for disappointment if the P/S falls to levels more in line with the growth outlook.
考虑到这一点,我们发现有趣的是,Songcheng Performance Development Ltd的市盈率高于业内同行。显然,该公司的许多投资者比分析师所表示的要看涨,他们现在不愿意放开股票。如果市盈率降至更符合增长前景的水平,这些股东可能会为失望做好准备。
The Bottom Line On Songcheng Performance DevelopmentLtd's P/S
宋城演艺发展有限公司P/S的底线
Typically, we'd caution against reading too much into price-to-sales ratios when settling on investment decisions, though it can reveal plenty about what other market participants think about the company.
通常,在做出投资决策时,我们会谨慎行事,不要过多地阅读市售比率,尽管这可以充分揭示其他市场参与者对公司的看法。
Seeing as its revenues are forecast to grow in line with the wider industry, it would appear that Songcheng Performance DevelopmentLtd currently trades on a higher than expected P/S. Right now we are uncomfortable with the relatively high share price as the predicted future revenues aren't likely to support such positive sentiment for long. Unless the company can jump ahead of the rest of the industry in the short-term, it'll be a challenge to maintain the share price at current levels.
鉴于预计其收入将随着整个行业的增长而增长,Songcheng Performance Developmence DevelopmentLtd目前的市盈率似乎高于预期。目前,我们对相对较高的股价感到不舒服,因为预测的未来收入不太可能长期支撑这种乐观情绪。除非该公司能够在短期内领先于其他行业,否则将股价维持在目前的水平将是一项挑战。
A lot of potential risks can sit within a company's balance sheet. Our free balance sheet analysis for Songcheng Performance DevelopmentLtd with six simple checks will allow you to discover any risks that could be an issue.
公司的资产负债表中可能存在许多潜在风险。我们的 免费的 通过六项简单的检查对Songcheng Performance Developmence DevelopmentLtd进行资产负债表分析,您可以发现任何可能存在
If companies with solid past earnings growth is up your alley, you may wish to see this free collection of other companies with strong earnings growth and low P/E ratios.
如果过去盈利增长稳健的公司是你的选择,你可能希望看到这个 免费的 汇集了其他盈利增长强劲且市盈率低的公司。
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Simply Wall St的这篇文章本质上是笼统的。 我们仅使用公正的方法根据历史数据和分析师的预测提供评论,我们的文章无意作为财务建议。 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,我们的分析可能不考虑最新的价格敏感公司公告或定性材料。简而言之,华尔街在上述任何股票中都没有头寸。