Little Excitement Around Shanghai Lingyun Industries Development Co., Ltd's (SHSE:900957) Earnings As Shares Take 26% Pounding
Little Excitement Around Shanghai Lingyun Industries Development Co., Ltd's (SHSE:900957) Earnings As Shares Take 26% Pounding
The Shanghai Lingyun Industries Development Co., Ltd (SHSE:900957) share price has fared very poorly over the last month, falling by a substantial 26%. The drop over the last 30 days has capped off a tough year for shareholders, with the share price down 45% in that time.
這個上海凌雲實業發展有限公司(上海證券交易所:900957)過去一個月,股價表現非常糟糕,大幅下跌了26%。過去30天的下跌為股東們艱難的一年畫上了句號,股價在此期間下跌了45%。
Even after such a large drop in price, Shanghai Lingyun Industries Development's price-to-earnings (or "P/E") ratio of 24.5x might still make it look like a buy right now compared to the market in China, where around half of the companies have P/E ratios above 35x and even P/E's above 62x are quite common. Nonetheless, we'd need to dig a little deeper to determine if there is a rational basis for the reduced P/E.
即使在股價下跌如此之大之後,上海凌雲實業發展有限公司24.5倍的本益比仍可能讓它與中國的市場相比看起來像是買入。在中國,大約一半的公司的本益比超過35倍,甚至超過62倍的本益比也很常見。儘管如此,我們還需要更深入地挖掘,以確定本益比下降是否有合理的基礎。
Shanghai Lingyun Industries Development has been doing a good job lately as it's been growing earnings at a solid pace. It might be that many expect the respectable earnings performance to degrade substantially, which has repressed the P/E. If that doesn't eventuate, then existing shareholders have reason to be optimistic about the future direction of the share price.
上海凌雲實業發展最近做得很好,因為它的收入一直在穩步增長。這可能是因為許多人預計可觀的收益表現將大幅下降,這抑制了本益比。如果這不是最終的結果,那麼現有股東有理由對未來股價的走勢持樂觀態度。
Check out our latest analysis for Shanghai Lingyun Industries Development
查看我們對上海凌雲實業發展的最新分析
![pe-multiple-vs-industry](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20230920/0-029d019bac883741b25078ccf51f5a13-0-28cc2adbdf1a6dda9e5e6df298363b8f.png/big)
Is There Any Growth For Shanghai Lingyun Industries Development?
上海凌雲實業發展有增長嗎?
There's an inherent assumption that a company should underperform the market for P/E ratios like Shanghai Lingyun Industries Development's to be considered reasonable.
有一種固有的假設,即一家公司的本益比應該低於市場,就像上海凌雲實業發展有限公司的本益比被認為是合理的。
If we review the last year of earnings growth, the company posted a worthy increase of 8.3%. The latest three year period has also seen an excellent 49% overall rise in EPS, aided somewhat by its short-term performance. So we can start by confirming that the company has done a great job of growing earnings over that time.
如果我們回顧去年的收益增長,該公司公佈了8.3%的可觀增長。在最近三年期間,每股收益也出現了49%的出色整體增長,這在一定程度上得益於其短期表現。因此,我們可以從確認該公司在這段時間內在增長收益方面做得很好開始。
This is in contrast to the rest of the market, which is expected to grow by 45% over the next year, materially higher than the company's recent medium-term annualised growth rates.
這與其他市場形成對比,後者預計明年將增長45%,大大高於該公司最近的中期年化增長率。
In light of this, it's understandable that Shanghai Lingyun Industries Development's P/E sits below the majority of other companies. It seems most investors are expecting to see the recent limited growth rates continue into the future and are only willing to pay a reduced amount for the stock.
有鑒於此,上海凌雲實業發展的本益比低於其他大多數公司也是可以理解的。似乎大多數投資者都預計,最近有限的增長率將持續到未來,他們只願意為該股支付較低的價格。
The Final Word
最後的結論
Shanghai Lingyun Industries Development's P/E has taken a tumble along with its share price. Typically, we'd caution against reading too much into price-to-earnings ratios when settling on investment decisions, though it can reveal plenty about what other market participants think about the company.
上海凌雲實業發展有限公司的本益比隨著股價的下跌而暴跌。通常,在做出投資決策時,我們會告誡不要過度解讀本益比,儘管它可以充分揭示其他市場參與者對該公司的看法。
We've established that Shanghai Lingyun Industries Development maintains its low P/E on the weakness of its recent three-year growth being lower than the wider market forecast, as expected. 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.
我們已經確定,上海凌雲實業發展維持其低本益比,原因是其最近三年的增長低於市場預期,正如預期的那樣。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。
And what about other risks? Every company has them, and we've spotted 1 warning sign for Shanghai Lingyun Industries Development you should know about.
還有其他風險呢?每家公司都有它們,我們已經發現上海凌雲實業發展的一個警示標誌你應該知道。
It's important to make sure you look for a great company, not just the first idea you come across. So take a peek at this free list of interesting companies with strong recent earnings growth (and a low P/E).
重要的是確保你尋找的是一家偉大的公司,而不僅僅是你遇到的第一個想法。所以讓我們來看看這個免費近期收益增長強勁(本益比較低)的有趣公司名單。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.
對這篇文章有什麼反饋嗎?擔心內容嗎? 保持聯繫直接與我們聯繫.或者,也可以給編輯組發電子郵件,地址是暗示Wallst.com。
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.