Why Investors Shouldn't Be Surprised By Mercer International Inc.'s (NASDAQ:MERC) P/S
Why Investors Shouldn't Be Surprised By Mercer International Inc.'s (NASDAQ:MERC) P/S
It's not a stretch to say that Mercer International Inc.'s (NASDAQ:MERC) price-to-sales (or "P/S") ratio of 0.3x right now seems quite "middle-of-the-road" for companies in the Forestry industry in the United States, where the median P/S ratio is around 0.4x. 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.
对于美世国际公司(NASDAQ:MERC),其目前的市销率(或“P/S”)为0.3x,似乎相对于美国林业行业公司的中位数0.4x来说,处于比较“平均”的水平。虽然,不明确解释市销率是不明智的,因为投资者可能会忽略一个显著的机会或昂贵的错误。
![](https://newsfile.futunn.com/public/NN-PersistNewsContentImage/7781/20240523/0-2e3ba4aabc052be2fd40a85c5360e1b5-0-2c1eae1540a234d7d9fb5528f19a6407.png/big)
NasdaqGS:MERC Price to Sales Ratio vs Industry May 23rd 2024
NasdaqGS:MERC的市销率与行业比较2024年5月23日
How Mercer International Has Been Performing
美世国际的表现如何
Mercer International has been doing a reasonable job lately as its revenue hasn't declined as much as most other companies. It might be that many expect the comparatively superior revenue performance to vanish, which has kept the P/S from rising. If you still like the company, you'd want its revenue trajectory to turn around before making any decisions. But at the very least, you'd be hoping the company doesn't fall back into the pack if your plan is to pick up some stock while it's not in favour.
近来,美世国际表现还算不错,因为其营业收入下降的幅度并不像大多数其他公司那样。也许是因为许多人认为这种相对优越的营收表现将会消失,这才使得市销率没有上升。如果你仍然喜欢这家公司,在做出任何决定之前,希望它的营收轨迹能够扭转。但至少,如果您打算在它不受青睐时购买股票,则希望该公司不会回到普通的水平。
If you'd like to see what analysts are forecasting going forward, you should check out our free report on Mercer International.
如果您想了解分析师的预测,请查看我们的美世国际的免费报告。
How Is Mercer International's Revenue Growth Trending?
美世国际的营业收入增长如何?
There's an inherent assumption that a company should be matching the industry for P/S ratios like Mercer International's to be considered reasonable.
有一种内在的假设,即公司应该与市销率匹配的行业板块,如美世国际的市销率,以被认为是合理的。
Retrospectively, the last year delivered a frustrating 8.4% decrease to the company's top line. Even so, admirably revenue has lifted 36% in aggregate from three years ago, notwithstanding the last 12 months. Although it's been a bumpy ride, it's still fair to say the revenue growth recently has been more than adequate for the company.
回顾过去,上一年公司的营收出现了令人沮丧的8.4%下降。即便如此,令人欣慰的是,尽管过去12个月,公司的营收整体上升了36%,虽然经历了一些波折,但仍然可以说最近的营收增长对于公司而言已经足够了。
Turning to the outlook, the next year should generate growth of 4.2% as estimated by the dual analysts watching the company. With the industry predicted to deliver 6.0% growth , the company is positioned for a comparable revenue result.
展望未来,下一年,据监测公司的双重分析师估计,收入将增长4.2%。随着行业预计实现6.0%的增长,公司的收入结果也是可比的。
In light of this, it's understandable that Mercer International's P/S sits in line with the majority of other companies. It seems most investors are expecting to see average future growth and are only willing to pay a moderate amount for the stock.
因此,美世国际的市销率与其他大多数公司保持一致,这是可以理解的。似乎大多数投资者希望看到平均未来的增长,只愿意为股票支付适度的费用。
The Bottom Line On Mercer International's P/S
美世国际的市销率底线
While the price-to-sales ratio shouldn't be the defining factor in whether you buy a stock or not, it's quite a capable barometer of revenue expectations.
虽然市销率不应成为您是否购买股票的决定性因素,但它是一种相当能够衡量营收预期的标志。
A Mercer International's P/S seems about right to us given the knowledge that analysts are forecasting a revenue outlook that is similar to the Forestry industry. At this stage investors feel the potential for an improvement or deterioration in revenue isn't great enough to push P/S in a higher or lower direction. Unless these conditions change, they will continue to support the share price at these levels.
在我们了解分析师预测类似于林业行业的营收前景的情况下,美世国际的市销率似乎对我们来说是合适的。在这个阶段,投资者认为未来收入的改善或恶化的潜力没有达到足以将市销率向更高或更低的方向推动的水平。除非这些条件发生变化,否则它们将继续支持这些水平的股票价格。
We don't want to rain on the parade too much, but we did also find 2 warning signs for Mercer International that you need to be mindful of.
我们不想太过浇一次冷水,但我们也发现了2个警告迹象,需要您注意。
If you're unsure about the strength of Mercer International's business, why not explore our interactive list of stocks with solid business fundamentals for some other companies you may have missed.
如果您对美世国际的业务实力不确定,为什么不探索我们的股票互动列表,寻找一些其他可能会错过的公司,其业务基础牢固?
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