Why Investors Shouldn't Be Surprised By Sansheng Intellectual Education Technology CO.,LTD.'s (SZSE:300282) 39% Share Price Plunge
Why Investors Shouldn't Be Surprised By Sansheng Intellectual Education Technology CO.,LTD.'s (SZSE:300282) 39% Share Price Plunge
Sansheng Intellectual Education Technology CO.,LTD. (SZSE:300282) shareholders that were waiting for something to happen have been dealt a blow with a 39% share price drop in the last month. Indeed, the recent drop has reduced its annual gain to a relatively sedate 4.2% over the last twelve months.
三生智育科技有限公司。(SZSE:300282)上個月股價下跌39%,等待著什麼事情發生的股東受到了打擊。事實上,最近的下跌已經使其在過去12個月的年漲幅降至相對平穩的4.2%。
Although its price has dipped substantially, Sansheng Intellectual Education TechnologyLTD may still be sending very bullish signals at the moment with its price-to-earnings (or "P/E") ratio of -5x, since almost half of all companies in China have P/E ratios greater than 36x and even P/E's higher than 64x are not unusual. However, the P/E might be quite low for a reason and it requires further investigation to determine if it's justified.
儘管股價大幅下跌,但三生智慧教育科技有限公司目前可能仍在發出非常看漲的信號,其本益比(P/E)為-5倍,因為幾乎一半的中國公司的本益比超過36倍,即使是高於64倍的本益比也並不罕見。然而,本益比可能相當低是有原因的,需要進一步調查才能確定它是否合理。
For example, consider that Sansheng Intellectual Education TechnologyLTD's financial performance has been poor lately as its earnings have been in decline. One possibility is that the P/E is low because investors think the company won't do enough to avoid underperforming the broader market in the near future. 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.
例如,考慮到三生智慧教育技術有限公司最近的財務表現一直很差,因為它的收益一直在下降。一種可能性是,本益比較低是因為投資者認為該公司在不久的將來不會採取足夠的措施來避免表現遜於大盤。如果你喜歡這家公司,你會希望情況並非如此,這樣你就可以在它不再受青睞的時候買入一些股票。
Check out our latest analysis for Sansheng Intellectual Education TechnologyLTD
查看我們對三生智慧教育科技有限公司的最新分析
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How Is Sansheng Intellectual Education TechnologyLTD's Growth Trending?
三生智慧教育科技有限公司的成長趨勢如何?
There's an inherent assumption that a company should far underperform the market for P/E ratios like Sansheng Intellectual Education TechnologyLTD's to be considered reasonable.
有一種固有的假設,即一家公司的本益比應該遠遠低於市場,比如三生智教科技有限公司的本益比才被認為是合理的。
Taking a look back first, the company's earnings per share growth last year wasn't something to get excited about as it posted a disappointing decline of 64%. Unfortunately, that's brought it right back to where it started three years ago with EPS growth being virtually non-existent overall during that time. So it appears to us that the company has had a mixed result in terms of growing earnings over that time.
先回過頭來看,該公司去年的每股收益增長並不值得興奮,因為它公佈了令人失望的64%的降幅。不幸的是,這讓它回到了三年前的起點,在那段時間裡,每股收益幾乎沒有增長。因此,在我們看來,在這段時間裡,該公司在收益增長方面的結果好壞參半。
Weighing that recent medium-term earnings trajectory against the broader market's one-year forecast for expansion of 45% shows it's noticeably less attractive on an annualised basis.
將最近的中期收益軌跡與大盤一年增長45%的預測進行比較,結果顯示,按年率計算,它的吸引力明顯下降。
With this information, we can see why Sansheng Intellectual Education TechnologyLTD is trading at a P/E lower than the market. Apparently many shareholders weren't comfortable holding on to something they believe will continue to trail the bourse.
有了這些資訊,我們就可以理解為什麼三生智慧教育科技有限公司的本益比低於市場。顯然,許多股東對持有一隻他們認為將繼續追隨該交易所走勢的股票感到不安。
The Final Word
最後的結論
Shares in Sansheng Intellectual Education TechnologyLTD have plummeted and its P/E is now low enough to touch the ground. We'd say the price-to-earnings ratio's power isn't primarily as a valuation instrument but rather to gauge current investor sentiment and future expectations.
三生智慧教育科技股份有限公司的股價暴跌,其本益比已經低到足以觸底。我們會說,本益比的力量主要不是作為一種估值工具,而是衡量當前投資者的情緒和未來預期。
As we suspected, our examination of Sansheng Intellectual Education TechnologyLTD revealed its three-year earnings trends are contributing to its low P/E, given they look worse than current market expectations. At this stage investors feel the potential for an improvement in earnings isn't great enough to justify a higher P/E ratio. Unless the recent medium-term conditions improve, they will continue to form a barrier for the share price around these levels.
正如我們所懷疑的那樣,我們對三生智教科技有限公司的調查顯示,鑑於其本益比低於當前市場預期,該公司三年的盈利趨勢是導致其低本益比的原因之一。在這個階段,投資者認為盈利改善的潛力還不夠大,不足以證明提高本益比是合理的。除非近期的中期狀況有所改善,否則將繼續在這些水準附近形成股價障礙。
Before you take the next step, you should know about the 2 warning signs for Sansheng Intellectual Education TechnologyLTD (1 is a bit concerning!) that we have uncovered.
在您採取下一步之前,您應該瞭解三生智慧教育科技有限公司的2個警示標誌(1有點令人擔憂!)我們已經發現了。
If these risks are making you reconsider your opinion on Sansheng Intellectual Education TechnologyLTD, explore our interactive list of high quality stocks to get an idea of what else is out there.
如果這些風險讓你重新考慮對三生智教科技有限公司的看法,探索我們的高質量股票互動列表,以瞭解還有什麼。
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本文由Simply Wall St.撰寫,具有概括性。我們僅使用不偏不倚的方法提供基於歷史數據和分析師預測的評論,我們的文章並不打算作為財務建議。它不構成買賣任何股票的建議,也沒有考慮你的目標或你的財務狀況。我們的目標是為您帶來由基本面數據驅動的長期重點分析。請注意,我們的分析可能不會將最新的對價格敏感的公司公告或定性材料考慮在內。Simply Wall St.對上述任何一隻股票都沒有持倉。