Why Rockchip Electronics Co., Ltd. (SHSE:603893) Could Be Worth Watching
Why Rockchip Electronics Co., Ltd. (SHSE:603893) Could Be Worth Watching
Rockchip Electronics Co., Ltd. (SHSE:603893), might not be a large cap stock, but it received a lot of attention from a substantial price movement on the SHSE over the last few months, increasing to CN¥68.36 at one point, and dropping to the lows of CN¥52.83. Some share price movements can give investors a better opportunity to enter into the stock, and potentially buy at a lower price. A question to answer is whether Rockchip Electronics' current trading price of CN¥51.73 reflective of the actual value of the mid-cap? Or is it currently undervalued, providing us with the opportunity to buy? Let's take a look at Rockchip Electronics's outlook and value based on the most recent financial data to see if there are any catalysts for a price change.
瑞芯微电子有限公司(SHSE:603893)可能不是一家大盘股,但在过去几个月里在上交所的股价动态引起了很多关注,一度上升到68.36元人民币,后来跌至52.83元人民币的最低点。有些股价波动给投资者提供了更好的买入机会,可能以较低的价格购买。问题是瑞芯微电子当前的51.73元人民币的交易价格是否反映了中盘的实际价值?还是目前被低估,为我们提供了买入的机会?让我们根据最新的财务数据来看一下瑞芯微电子的前景和价值,看是否有任何引发股价变动的因素。
What Is Rockchip Electronics Worth?
瑞芯微电子的价值是多少?
Rockchip Electronics is currently expensive based on our price multiple model, where we look at the company's price-to-earnings ratio in comparison to the industry average. We've used the price-to-earnings ratio in this instance because there's not enough visibility to forecast its cash flows. The stock's ratio of 73.25x is currently well-above the industry average of 44.01x, meaning that it is trading at a more expensive price relative to its peers. Furthermore, Rockchip Electronics's share price also seems relatively stable compared to the rest of the market, as indicated by its low beta. If you believe the share price should eventually reach levels around its industry peers, a low beta could suggest it is unlikely to rapidly do so anytime soon, and once it's there, it may be hard to fall back down into an attractive buying range.
根据我们的价格倍数模型,瑞芯微电子目前的价格相对昂贵,我们比较了该公司的市盈率与行业平均水平。我们在这种情况下使用市盈率,因为没有足够的可见性来预测其现金流。该股票的市盈率为73.25倍,目前远高于行业平均水平44.01倍,意味着它与同行相比正在以更高价格交易。此外,瑞芯微电子的股价与市场的其他部分相比似乎也相对稳定,从其较低的贝塔值可以看出。如果您认为股价最终会达到其行业同行水平,低贝塔值可能表明它不太可能很快做到这一点,一旦达到那个水平,很难回落到一个有吸引力的买入区间。
Can we expect growth from Rockchip Electronics?
我们能期待瑞芯微电子的增长吗?
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Investors looking for growth in their portfolio may want to consider the prospects of a company before buying its shares. Buying a great company with a robust outlook at a cheap price is always a good investment, so let's also take a look at the company's future expectations. With profit expected to more than double over the next couple of years, the future seems bright for Rockchip Electronics. It looks like higher cash flow is on the cards for the stock, which should feed into a higher share valuation.
投资者在购买股票之前可能希望考虑一家公司的前景。购买一家前景良好且价格低廉的优秀公司始终是一笔不错的投资,因此让我们也来看一下这家公司的未来预期。未来几年预计利润将翻倍,对于瑞芯微电子来说,前景似乎光明。看起来股票的现金流将增加,这应该会推动股价上涨。
What This Means For You
这对您意味着什么?
Are you a shareholder? It seems like the market has well and truly priced in 603893's positive outlook, with shares trading above industry price multiples. At this current price, shareholders may be asking a different question – should I sell? If you believe 603893 should trade below its current price, selling high and buying it back up again when its price falls towards the industry PE ratio can be profitable. But before you make this decision, take a look at whether its fundamentals have changed.
您是股东吗?市场似乎已经完全将603893积极的前景定价,股价高于行业价格倍数。在当前价格下,股东可能会提出不同的问题 - 我应该卖出吗?如果您认为603893的交易价应低于当前价格,高位卖出并在价格下跌至行业市盈率附近时再回购可获利。但在做出这个决定之前,先看看它的基本面是否发生了变化。
Are you a potential investor? If you've been keeping an eye on 603893 for a while, now may not be the best time to enter into the stock. The price has surpassed its industry peers, which means it is likely that there is no more upside from mispricing. However, the optimistic prospect is encouraging for 603893, which means it's worth diving deeper into other factors in order to take advantage of the next price drop.
您是潜在的投资者吗?如果您一直关注603893,现在可能不是进入该股票的最佳时机。价格已经超过了同行业的竞争对手,这意味着定价错误带来的上涨空间已经很小。然而,603893的乐观前景令人鼓舞,这意味着有必要深入研究其他因素,以便在下次价格下跌时抓住机会。
Since timing is quite important when it comes to individual stock picking, it's worth taking a look at what those latest analysts forecasts are. So feel free to check out our free graph representing analyst forecasts.
由于个别股票选择的时间非常重要,因此有必要查看最新的分析师预测。因此,可以免费查看表示分析师预测的免费图表。
If you are no longer interested in Rockchip Electronics, you can use our free platform to see our list of over 50 other stocks with a high growth potential.
如果您对瑞芯微不再感兴趣,您可以使用我们的免费平台查看我们超过50个其他具有高增长潜力的股票清单。
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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.
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这篇文章是Simply Wall St的一般性文章。我们根据历史数据和分析师预测提供评论,只使用公正的方法论,我们的文章并不意味着提供任何金融建议。文章不构成买卖任何股票的建议,也不考虑您的目标或您的财务状况。我们的目标是带给您基本数据驱动的长期关注分析。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。Simply Wall St没有任何股票头寸。