Xinyi Glass Holdings Limited (HKG:868) Could Be Riskier Than It Looks
Xinyi Glass Holdings Limited (HKG:868) Could Be Riskier Than It Looks
It's not a stretch to say that Xinyi Glass Holdings Limited's (HKG:868) price-to-earnings (or "P/E") ratio of 8.9x right now seems quite "middle-of-the-road" compared to the market in Hong Kong, where the median P/E ratio is around 9x. However, investors might be overlooking a clear opportunity or potential setback if there is no rational basis for the P/E.
可以毫不夸张地说,信义玻璃控股有限公司(HKG: 868)市盈率(或 “市盈率”)目前为8.9倍,与香港市场相比,市盈率中位数约为9倍。但是,如果市盈率没有合理的基础,投资者可能会忽略明显的机会或潜在的挫折。
Recent times haven't been advantageous for Xinyi Glass Holdings as its earnings have been falling quicker than most other companies. It might be that many expect the dismal earnings performance to revert back to market averages soon, which has kept the P/E from falling. You'd much rather the company wasn't bleeding earnings if you still believe in the business. If not, then existing shareholders may be a little nervous about the viability of the share price.
最近对信义玻璃控股来说并不是有利的,因为其收益的下降速度比大多数其他公司快。许多人可能预计,惨淡的收益表现将很快恢复到市场平均水平,这阻止了市盈率的下降。如果你仍然相信公司的业务,你宁愿公司不流失收益。如果不是,那么现有股东可能会对股价的可行性有些紧张。
View our latest analysis for Xinyi Glass Holdings
查看我们对信义玻璃控股的最新分析
![](https://newsfile.futunn.com/public/NN-PersistNewsContentImage/7781/20231225/0-b1792086e4463889e51f773b7b715568-0-17cebe90d8976ef507313cd2582edf7e.png/big)
SEHK:868 Price to Earnings Ratio vs Industry December 25th 2023
SEHK: 868 对比行业的市盈率 2023 年 12 月 25 日
Want the full picture on analyst estimates for the company? Then our free report on Xinyi Glass Holdings will help you uncover what's on the horizon.
想全面了解分析师对公司的估计吗?那么我们关于信义玻璃控股的免费报告将帮助您发现即将发生的事情。
How Is Xinyi Glass Holdings' Growth Trending?
信义玻璃控股的增长趋势如何?
Xinyi Glass Holdings' P/E ratio would be typical for a company that's only expected to deliver moderate growth, and importantly, perform in line with the market.
信义玻璃控股的市盈率对于一家预计只会实现适度增长,重要的是表现与市场保持一致的公司来说是典型的。
Taking a look back first, the company's earnings per share growth last year wasn't something to get excited about as it posted a disappointing decline of 59%. At least EPS has managed not to go completely backwards from three years ago in aggregate, thanks to the earlier period of growth. So it appears to us that the company has had a mixed result in terms of growing earnings over that time.
首先回顾一下,该公司去年的每股收益增长并不令人兴奋,因为它公布了令人失望的59%的跌幅。由于较早的增长期,至少每股收益总体上没有与三年前相比完全倒退。因此,在我们看来,该公司的收益增长好坏参半。
Shifting to the future, estimates from the eleven analysts covering the company suggest earnings should grow by 23% per year over the next three years. With the market only predicted to deliver 16% per year, the company is positioned for a stronger earnings result.
展望未来,报道该公司的11位分析师的估计表明,未来三年收益每年将增长23%。由于预计市场每年仅增长16%,该公司有望实现更强劲的盈利业绩。
In light of this, it's curious that Xinyi Glass Holdings' P/E sits in line with the majority of other companies. Apparently some shareholders are skeptical of the forecasts and have been accepting lower selling prices.
有鉴于此,奇怪的是,信义玻璃控股的市盈率与其他大多数公司持平。显然,一些股东对预测持怀疑态度,并一直在接受较低的销售价格。
The Key Takeaway
关键要点
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.
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。
Our examination of Xinyi Glass Holdings' analyst forecasts revealed that its superior earnings outlook isn't contributing to its P/E as much as we would have predicted. When we see a strong earnings outlook with faster-than-market growth, we assume potential risks are what might be placing pressure on the P/E ratio. It appears some are indeed anticipating earnings instability, because these conditions should normally provide a boost to the share price.
我们对信义玻璃控股分析师预测的审查显示,其优异的盈利前景对市盈率的贡献不如我们预期的那么大。当我们看到强劲的盈利前景和快于市场的增长速度时,我们假设潜在风险可能会给市盈率带来压力。看来有些人确实在预测收益不稳定,因为这些条件通常应该会提振股价。
We don't want to rain on the parade too much, but we did also find 3 warning signs for Xinyi Glass Holdings that you need to be mindful of.
我们不想在游行队伍中下太多雨,但我们也确实发现了信义玻璃控股的三个警告标志,你需要注意。
You might be able to find a better investment than Xinyi Glass Holdings. If you want a selection of possible candidates, check out this free list of interesting companies that trade on a low P/E (but have proven they can grow earnings).
你也许能找到比信义玻璃控股更好的投资。如果你想选择可能的候选人,可以免费查看这份有趣的公司名单,这些公司的市盈率很低(但已经证明可以增加收益)。
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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,也没有考虑到您的目标或财务状况。我们的目标是为您提供由基本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型公司公告或定性材料。简而言之,华尔街没有持有任何上述股票的头寸。