share_log

Revenues Not Telling The Story For Daohe Global Group Limited (HKG:915) After Shares Rise 26%

Revenues Not Telling The Story For Daohe Global Group Limited (HKG:915) After Shares Rise 26%

股价上涨26%后,道和环球集团有限公司(HKG: 915)的收入并不能说明问题
Simply Wall St ·  02/07 06:02

The Daohe Global Group Limited (HKG:915) share price has done very well over the last month, posting an excellent gain of 26%.    The bad news is that even after the stocks recovery in the last 30 days, shareholders are still underwater by about 6.2% over the last year.  

道和环球集团有限公司(HKG: 915)的股价在上个月表现良好,涨幅为26%。坏消息是,即使在过去30天股市回升之后,股东仍比去年下降了约6.2%。

In spite of the firm bounce in price, there still wouldn't be many who think Daohe Global Group's price-to-sales (or "P/S") ratio of 0.4x is worth a mention when the median P/S in Hong Kong's Retail Distributors industry is similar at about 0.6x.  Although, it's not wise to simply ignore the P/S without explanation as investors may be disregarding a distinct opportunity or a costly mistake.    

尽管价格稳步反弹,但当香港零售分销商行业的市盈率中位数约为0.6倍时,仍然没有多少人认为道合环球集团0.4倍的市销率(或 “市盈率”)值得一提。但是,不加解释地忽略市销率是不明智的,因为投资者可能会忽视一个明显的机会或一个代价高昂的错误。

SEHK:915 Price to Sales Ratio vs Industry February 6th 2024

SEHK: 915 与行业的股价销售比率 2024 年 2 月 6 日

What Does Daohe Global Group's P/S Mean For Shareholders?

道合环球集团的市销率对股东意味着什么?

As an illustration, revenue has deteriorated at Daohe Global Group over the last year, which is not ideal at all.   One possibility is that the P/S is moderate because investors think the company might still do enough to be in line with the broader industry in the near future.  If you like the company, you'd at least be hoping this is the case so that you could potentially pick up some stock while it's not quite in favour.    

举例来说,道合环球集团的收入在过去一年中有所恶化,这根本不理想。一种可能性是市销率适中,因为投资者认为公司在不久的将来可能仍然做得足够多,足以与整个行业保持一致。如果你喜欢这家公司,你至少希望情况确实如此,这样你就有可能在它不太受青睐的情况下买入一些股票。

Want the full picture on earnings, revenue and cash flow for the company? Then our free report on Daohe Global Group will help you shine a light on its historical performance.  

想全面了解公司的收益、收入和现金流吗?那么我们关于道和环球集团的免费报告将帮助您了解其历史表现。

Is There Some Revenue Growth Forecasted For Daohe Global Group?  

道合环球集团的收入预计会增长吗?

In order to justify its P/S ratio, Daohe Global Group would need to produce growth that's similar to the industry.  

为了证明其市销率是合理的,道合环球集团需要实现与该行业相似的增长。

Taking a look back first, the company's revenue growth last year wasn't something to get excited about as it posted a disappointing decline of 37%.   This means it has also seen a slide in revenue over the longer-term as revenue is down 15% in total over the last three years.  So unfortunately, we have to acknowledge that the company has not done a great job of growing revenue over that time.  

首先回顾一下,该公司去年的收入增长并不令人兴奋,因为它公布了令人失望的37%的跌幅。这意味着从长远来看,由于总收入在过去三年中下降了15%,其收入也出现了下滑。因此,不幸的是,我们必须承认,在此期间,该公司在增加收入方面做得不好。

Weighing that medium-term revenue trajectory against the broader industry's one-year forecast for expansion of 17% shows it's an unpleasant look.

将中期收入轨迹与整个行业一年来对扩张17%的预测进行权衡,可以看出这是一种令人不愉快的表情。

With this information, we find it concerning that Daohe Global Group is trading at a fairly similar P/S compared to the industry.  It seems most investors are ignoring the recent poor growth rate and are hoping for a turnaround in the company's business prospects.  There's a good chance existing shareholders are setting themselves up for future disappointment if the P/S falls to levels more in line with the recent negative growth rates.  

有了这些信息,我们发现道合环球集团的交易市销率与该行业相似。看来大多数投资者都忽视了最近的糟糕增长率,并希望公司的业务前景有所好转。如果市销率降至更符合近期负增长率的水平,现有股东很有可能为未来的失望做好准备。

What Does Daohe Global Group's P/S Mean For Investors?

道合环球集团的市销率对投资者意味着什么?

Daohe Global Group's stock has a lot of momentum behind it lately, which has brought its P/S level with the rest of the industry.      We'd say the price-to-sales ratio's power isn't primarily as a valuation instrument but rather to gauge current investor sentiment and future expectations.

道合环球集团的股票最近势头强劲,这使其市销率与业内其他公司相比有所上升。我们可以说,市销比率的力量主要不是作为一种估值工具,而是用来衡量当前的投资者情绪和未来预期。

Our look at Daohe Global Group revealed its shrinking revenues over the medium-term haven't impacted the P/S as much as we anticipated, given the industry is set to grow.  Even though it matches the industry, we're uncomfortable with the current P/S ratio, as this dismal revenue performance is unlikely to support a more positive sentiment for long.  Unless the the circumstances surrounding the recent medium-term improve, it wouldn't be wrong to expect a a difficult period ahead for the company's shareholders.    

我们对道合环球集团的调查显示,鉴于该行业即将增长,其中期收入萎缩对市销售率的影响没有我们预期的那么大。尽管它与行业相匹配,但我们对当前的市销率感到不舒服,因为这种惨淡的收入表现不太可能长期支持更积极的情绪。除非近期中期情况有所改善,否则预计公司股东将面临艰难时期是没有错的。

We don't want to rain on the parade too much, but we did also find 4 warning signs for Daohe Global Group 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道合环球集团需要注意的4个警告标志。

If these risks are making you reconsider your opinion on Daohe Global Group, explore our interactive list of high quality stocks to get an idea of what else is out there.

如果这些风险让你重新考虑你对道合环球集团的看法,请浏览我们的互动式高质量股票清单,了解还有什么。

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.

对这篇文章有反馈吗?对内容感到担忧吗?请直接联系我们。或者,也可以发送电子邮件至编辑团队 (at) simplywallst.com。
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。

声明:本内容仅用作提供资讯及教育之目的,不构成对任何特定投资或投资策略的推荐或认可。 更多信息
    抢沙发