Those holding Pan Hong Holdings Group Limited (SGX:P36) shares would be relieved that the share price has rebounded 28% in the last thirty days, but it needs to keep going to repair the recent damage it has caused to investor portfolios. Unfortunately, the gains of the last month did little to right the losses of the last year with the stock still down 32% over that time.
Even after such a large jump in price, given close to half the companies in Singapore have price-to-earnings ratios (or "P/E's") above 11x, you may still consider Pan Hong Holdings Group as a highly attractive investment with its 4.9x P/E ratio. Nonetheless, we'd need to dig a little deeper to determine if there is a rational basis for the highly reduced P/E.
As an illustration, earnings have deteriorated at Pan Hong Holdings Group over the last year, which is not ideal at all. It might be that many expect the disappointing earnings performance to continue or accelerate, which has repressed the P/E. If you like the company, you'd be hoping this isn't the case so that you could potentially pick up some stock while it's out of favour.
See our latest analysis for Pan Hong Holdings Group
SGX:P36 Price Based on Past Earnings September 11th 2022 Want the full picture on earnings, revenue and cash flow for the company? Then our
free report on Pan Hong Holdings Group will help you shine a light on its historical performance.
Is There Any Growth For Pan Hong Holdings Group?
There's an inherent assumption that a company should far underperform the market for P/E ratios like Pan Hong Holdings Group's to be considered reasonable.
If we review the last year of earnings, dishearteningly the company's profits fell to the tune of 75%. This has soured the latest three-year period, which nevertheless managed to deliver a decent 27% overall rise in EPS. Accordingly, while they would have preferred to keep the run going, shareholders would be roughly satisfied with the medium-term rates of earnings growth.
Comparing that to the market, which is only predicted to deliver 4.1% growth in the next 12 months, the company's momentum is stronger based on recent medium-term annualised earnings results.
With this information, we find it odd that Pan Hong Holdings Group is trading at a P/E lower than the market. It looks like most investors are not convinced the company can maintain its recent growth rates.
The Final Word
Even after such a strong price move, Pan Hong Holdings Group's P/E still trails the rest of the market significantly. 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.
We've established that Pan Hong Holdings Group currently trades on a much lower than expected P/E since its recent three-year growth is higher than the wider market forecast. When we see strong earnings with faster-than-market growth, we assume potential risks are what might be placing significant pressure on the P/E ratio. It appears many are indeed anticipating earnings instability, because the persistence of these recent medium-term conditions would normally provide a boost to the share price.
There are also other vital risk factors to consider and we've discovered 3 warning signs for Pan Hong Holdings Group (1 makes us a bit uncomfortable!) that you should be aware of before investing here.
You might be able to find a better investment than Pan Hong Holdings Group. If you want a selection of possible candidates, check out this free list of interesting companies that trade on a P/E below 20x (but have proven they can grow earnings).
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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.
那些持有 泛康控股集團有限公司 SGX:P36)股價在過去三十天內反彈了 28%,可以緩解股票,但它需要繼續修復近期對投資者投資組合造成的損害。不幸的是,上個月的收益幾乎沒有對去年的損失做出了正確的影響,在那段時間內,股票仍然下跌 32%。
即使價格大幅上漲,鑑於新加坡接近一半的公司的股價與盈利比率(或「市盈率」)超過 11 倍,您仍然可以將泛康控股集團視為一項極具吸引力的投資,其 4.9x P/E 比率。儘管如此,我們需要更深入地研究以確定高度降低的市盈率是否有合理的基礎。
作為例子,泛康控股集團在過去一年的盈利有所下降,這根本不理想。可能是許多人期望令人失望的收益表現繼續或加速,這使市盈利壓抑了市盈率,如果您喜歡這家公司,那麼您希望不是這種情況,以便您可以在失望的情況下購買一些股票。
查看我們有關泛康控股集團的最新分析
新加坡:P36 價格根據過去盈利 2022 年 9 月 11 日想全面了解公司的收益,收入和現金流量?然後我們
自由 泛康控股集團的報告將幫助您了解其歷史業績。
汎康控股集團有增長嗎?
有一個固有的假設是,公司應該遠遠低於市場上的市盈率(如泛康控股集團的)被認為是合理的。
如果我們回顧盈利的最後一年,令人沮喪的是公司的利潤下降到 75% 的調整。這已經推動了最近三年的時期,儘管如此,每股盈餘總體上升了 27%。因此,儘管他們更願意繼續運行,但股東對中期盈利增長率大致滿意。
與市場相比,預計未來 12 個月將帶來 4.1% 的增長,根據近期的中期年度化盈利業績,該公司的發展勢頭更加強勁。
有了這些信息,我們發現泛康控股集團的市盈率低於市場價格,這很奇怪。看來大多數投資者都不相信該公司能夠保持其最近的增長率。
最後一句話
即使在如此強勁的價格走勢之後,汎康控股集團的市盈仍然顯著走向其他市場。有人認為,價格與收益比率是某些行業中價值的劣勢衡量標準,但它可能是一個強大的商業情緒指標。
我們已確定泛康控股集團目前的交易價格遠低於預期,因為其近三年增長率高於市場預期。當我們看到強勁的盈利並且快於市場增長時,我們認為潛在風險可能會對市盈率帶來重大壓力。看來很多人確實預期盈利不穩定,因為這些近期中期情況的持續性通常會提高股價。
還有其他重要的風險因素需要考慮,我們已經發現 泛康控股集團的 3 個警告標誌 (1 讓我們有點不舒服!)在這裡投資之前,您應該了解的。
您或許可以找到比汎康控股集團更好的投資。如果你想選擇可能的候選人,看看這個 自由 在 20 倍以下的 P/E 交易有趣的公司名單(但已經證明他們可以增加收益)。
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這篇文章由簡單牆聖是一般性質. 我們僅使用公正的方法,根據歷史數據和分析師預測提供評論,我們的文章並不打算作為財務建議。 它並不構成購買或出售任何股票的建議,也不會考慮您的目標或您的財務狀況。我們的目標是為您帶來由基本數據驅動的長期集中分析。請注意,我們的分析可能不會考慮最新的價格敏感公司公告或定性材料。簡易華街在提及的任何股票中都沒有倉位。