Cenntro Inc. (NASDAQ:CENN) Stocks Shoot Up 27% But Its P/S Still Looks Reasonable
Cenntro Inc. (NASDAQ:CENN) Stocks Shoot Up 27% But Its P/S Still Looks Reasonable
Cenntro Inc. (NASDAQ:CENN) shares have continued their recent momentum with a 27% gain in the last month alone. Unfortunately, the gains of the last month did little to right the losses of the last year with the stock still down 41% over that time.
Cenntro公司(纳斯达克:CENN)股票在过去一个月中持续上涨,涨幅达到27%。然而,过去一年的亏损仍使股票下跌了41%。
After such a large jump in price, given close to half the companies operating in the United States' Auto industry have price-to-sales ratios (or "P/S") below 1.7x, you may consider Cenntro as a stock to potentially avoid with its 2.6x P/S ratio. Although, it's not wise to just take the P/S at face value as there may be an explanation why it's as high as it is.
在股价大涨后,接近一半美国汽车行业的公司市销率(或P/S)低于1.7倍,你可能需要考虑避开Cenntro,它的市销率为2.6倍。然而,仅凭市销率并不明智,因为可能有解释为什么它会这么高。
![](https://newsfile.futunn.com/public/NN-PersistNewsContentImage/7781/20240604/0-ec127b8b74fbe90ba8b36f35a099ca5b-0-c752a8969c0195d5f912339ab177f5a6.png/big)
NasdaqCM:CENN Price to Sales Ratio vs Industry June 4th 2024
NasdaqCM:CENN市销率相对于行业板块于2024年6月4日。
How Cenntro Has Been Performing
Cenntro公司的表现如何
Recent times have been quite advantageous for Cenntro as its revenue has been rising very briskly. The P/S ratio is probably high because investors think this strong revenue growth will be enough to outperform the broader industry in the near future. However, if this isn't the case, investors might get caught out paying too much for the stock.
最近对Cenntro来说是相当有利的,因为它的营业收入一直在快速增长。市销率可能很高,因为投资者认为这种强劲的营收增长足以在近期内胜过整个行业板块。然而,如果这并非如此,投资者可能会因为买入了过高的价位而吃亏。如果你想全面了解该公司的收益、营收和现金流,请看我们的免费报告。
Want the full picture on earnings, revenue and cash flow for the company? Then our free report on Cenntro will help you shine a light on its historical performance.
想要全面了解公司的收益、营收和现金流吗?那么我们的Cenntro免费报告将帮助你了解其历史表现。
Do Revenue Forecasts Match The High P/S Ratio?
营收预测是否符合高市销率?
There's an inherent assumption that a company should outperform the industry for P/S ratios like Cenntro's to be considered reasonable.
是否存在一个本质上的假设,即公司应该胜过行业板块,才能被认为是合理的市销率,如Cenntro的市销率。
Taking a look back first, we see that the company grew revenue by an impressive 108% last year. The latest three year period has also seen an excellent 279% 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.
回顾一下,我们看到公司去年的营收增长达到了惊人的108%。最近三年也看到了总营收的优异增长率达到了279%,得益于短期业绩的表现。因此,可以说该公司的营收增长近期表现出色。这与行业其他公司形成了鲜明对比,预计行业其他公司的增长率将在未来一年保持13%,低于该公司的近期中期年增长率。因此,考虑到这一点,不难理解为什么Cenntro的市销率相对于同行业公司来说高。股东们可能不愿意卖出他们认为将在未来继续领先行业的东西。
This is in contrast to the rest of the industry, which is expected to grow by 13% over the next year, materially lower than the company's recent medium-term annualised growth rates.
这与其它行业相反,预计其在未来一年的增长率仅13%,明显低于该公司的近期中期年复合增长率。
With this in consideration, it's not hard to understand why Cenntro's P/S is high relative to its industry peers. Presumably shareholders aren't keen to offload something they believe will continue to outmanoeuvre the wider industry.
考虑到这一点,不难理解为什么Cenntro的市销率相对于行业同类公司而言较高。股东们可能不愿意卖出他们认为将在未来继续领先行业的东西。
The Bottom Line On Cenntro's P/S
关于Cenntro的市销率
Cenntro shares have taken a big step in a northerly direction, but its P/S is elevated as a result. 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.
Cenntro公司的股票已经大涨,但由此导致其市销率居高不下。尽管市销率不应成为你是否购买股票的决定性因素,但它是公司营收预期的一个有力指标。
We've established that Cenntro maintains its high P/S on the strength of its recent three-year growth being higher than the wider industry forecast, as expected. At this stage investors feel the potential continued revenue growth in the future is great enough to warrant an inflated P/S. Unless the recent medium-term conditions change, they will continue to provide strong support to the share price.
我们已经确定Cenntro公司维持其高市销率是由于其近三年的增长率高于行业预测,这是预料之中的。目前,投资者认为未来的潜在营收增长足以支持其高市销率。除非最近的中期条件发生变化,否则他们将继续为该公司股票提供有力支持。
Before you take the next step, you should know about the 5 warning signs for Cenntro (2 make us uncomfortable!) that we have uncovered.
在你继续下一步之前,你应该知道Cenntro的5个警示信号(其中2个让我们不安!)。
If strong companies turning a profit tickle your fancy, then you'll want to check out this free list of interesting companies that trade on a low P/E (but have proven they can grow earnings).
如果您喜欢盈利的强劲公司,那么您将想要查看这个自由的有趣公司列表,这些公司的市销率很低(但已经证明它们能够增长收益)。
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