To the annoyance of some shareholders, JLogo Holdings Limited (HKG:8527) shares are down a considerable 28% in the last month, which continues a horrid run for the company. For any long-term shareholders, the last month ends a year to forget by locking in a 71% share price decline.
In spite of the heavy fall in price, JLogo Holdings' price-to-earnings (or "P/E") ratio of -24x might still make it look like a strong buy right now compared to the market in Hong Kong, where around half of the companies have P/E ratios above 10x and even P/E's above 21x are quite common. Nonetheless, we'd need to dig a little deeper to determine if there is a rational basis for the highly reduced P/E.
JLogo Holdings certainly has been doing a great job lately as it's been growing earnings at a really rapid pace. It might be that many expect the strong earnings performance to degrade substantially, which has repressed the P/E. If that doesn't eventuate, then existing shareholders have reason to be quite optimistic about the future direction of the share price.
Check out our latest analysis for JLogo Holdings
SEHK:8527 Price to Earnings Ratio vs Industry June 9th 2023
We don't have analyst forecasts, but you can see how recent trends are setting up the company for the future by checking out our free report on JLogo Holdings' earnings, revenue and cash flow.
Does Growth Match The Low P/E?
In order to justify its P/E ratio, JLogo Holdings would need to produce anemic growth that's substantially trailing the market.
Retrospectively, the last year delivered an exceptional 41% gain to the company's bottom line. Although, its longer-term performance hasn't been as strong with three-year EPS growth being relatively non-existent overall. Accordingly, shareholders probably wouldn't have been overly satisfied with the unstable medium-term growth rates.
This is in contrast to the rest of the market, which is expected to grow by 25% over the next year, materially higher than the company's recent medium-term annualised growth rates.
With this information, we can see why JLogo Holdings 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.
What We Can Learn From JLogo Holdings' P/E?
JLogo Holdings' P/E looks about as weak as its stock price lately. 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 JLogo Holdings maintains its low P/E on the weakness of its recent three-year growth being lower than the wider market forecast, as expected. Right now shareholders are accepting the low P/E as they concede future earnings probably won't provide any pleasant surprises. Unless the recent medium-term conditions improve, they will continue to form a barrier for the share price around these levels.
We don't want to rain on the parade too much, but we did also find 2 warning signs for JLogo Holdings (1 shouldn't be ignored!) that you need to be mindful of.
Of course, you might also be able to find a better stock than JLogo Holdings. So you may wish to see this free collection of other companies that have reasonable P/E ratios and have grown earnings strongly.
令一些股東煩惱的是,聚利寶控股 (08527.HK)股價在上個月大幅下跌了28%,這延續了該公司的糟糕表現。對於任何長期股東來說,上個月的股價下跌了71%,從而結束了難以忘記的一年。
儘管價格大幅下跌,但與香港市場相比,jLogo Holdings的-24倍市盈率(或 “市盈率”)可能仍使它看起來像是強勢買入。在香港,大約一半的公司的市盈率超過10倍,甚至市盈率超過21倍也很常見。儘管如此,我們需要更深入地挖掘,以確定大幅降低市盈率是否有合理的基礎。
JLogo Holdings最近無疑做得很好,因爲它的收益增長速度非常快。可能是許多人預計強勁的盈利表現將大幅下滑,這抑制了市盈率。如果最終無法做到這一點,那麼現有股東有理由對股價的未來走向持相當樂觀的態度。
查看我們對jLogo Holdings的最新分析
SEHK: 8527 市盈率與行業比率 2023 年 6 月 9 日
我們沒有分析師的預測,但你可以通過查看我們的,瞭解最近的趨勢如何爲公司的未來奠定基礎 免費的 關於jLogo Holdings的收益、收入和現金流的報告。
增長與低市盈率相匹配嗎?
爲了證明其市盈率的合理性,jLogo Holdings需要實現大幅落後於市場的疲軟增長。
回顧過去,去年的公司利潤大幅增長了41%。但是,其長期表現並不那麼強勁,三年每股收益總體增長相對不存在。因此,股東們可能不會對不穩定的中期增長率過於滿意。
這與其他市場形成鮮明對比,後者預計明年將增長25%,大大高於該公司最近的中期年化增長率。
有了這些信息,我們可以明白爲甚麼jLogo Holdings的市盈率低於市場。顯然,許多股東不願意持有他們認爲將繼續落後於交易所的東西。
我們可以從jLogo Holdings的市盈率中學到甚麼?
最近jLogo Holdings的市盈率看起來和股價一樣疲軟。有人認爲,市盈率是衡量某些行業價值的次要指標,但它可能是一個有力的商業情緒指標。
我們已經確定,正如預期的那樣,jLogo Holdings維持其低市盈率,原因是其最近三年的增長疲軟,低於更廣泛的市場預期。目前,股東們正在接受低市盈率,因爲他們承認未來的收益可能不會帶來任何驚喜。除非最近的中期條件有所改善,否則它們將繼續構成股價在這些水平附近的障礙。
我們不想在遊行隊伍中下太多雨,但我們也發現了 jLogo 控股有 2 個警告信號 (1 不應該被忽視!)這是你需要注意的。
當然, 你也許還能找到比 jLogo Holdings 更好的股票。所以你可能希望看到這個 免費的 收集其他市盈率合理且收益強勁增長的公司。