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Investors Aren't Buying Guangdong Homa Group Co., Ltd.'s (SZSE:002668) Earnings

Investors Aren't Buying Guangdong Homa Group Co., Ltd.'s (SZSE:002668) Earnings

投資者並未購買廣東奧馬集團有限公司s (深交所股票代碼:002668) 收益
Simply Wall St ·  2023/10/17 06:39

With a price-to-earnings (or "P/E") ratio of 11.8x Guangdong Homa Group Co., Ltd. (SZSE:002668) may be sending very bullish signals at the moment, given that almost half of all companies in China have P/E ratios greater than 35x and even P/E's higher than 62x are not unusual. Although, it's not wise to just take the P/E at face value as there may be an explanation why it's so limited.

市盈率(P/E)為11.8倍廣東豪馬集團有限公司。深交所(SZSE:002668)目前可能發出了非常看漲的信號,因為中國幾乎一半的公司市盈率超過35倍,即使是高於62倍的市盈率也並不罕見。儘管如此,僅僅從面值來看待市盈率是不明智的,因為可能會有一個解釋,為什麼它如此有限。

Recent times have been pleasing for Guangdong Homa Group as its earnings have risen in spite of the market's earnings going into reverse. It might be that many expect the strong earnings performance to degrade substantially, possibly more than the market, 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.

廣東豪馬集團近期的表現令人欣喜,因為儘管市場盈利出現逆轉,但該集團的盈利仍有所增長。許多人可能預計強勁的盈利表現將大幅下滑,可能比抑制市盈率的市場更嚴重。如果你喜歡這家公司,你會希望情況並非如此,這樣你就可以在一些股票不受青睞的時候買入它。

See our latest analysis for Guangdong Homa Group

查看我們對廣東豪馬集團的最新分析

pe-multiple-vs-industry
SZSE:002668 Price to Earnings Ratio vs Industry October 16th 2023
深圳證交所:002668市盈率與行業2023年10月16日
Keen to find out how analysts think Guangdong Homa Group's future stacks up against the industry? In that case, our
渴望瞭解分析師如何看待廣東豪馬集團的未來與行業的競爭?那樣的話,我們的
free
免費
report is a great place to start.
報告是一個很好的起點。

Does Growth Match The Low P/E?

增長是否與低市盈率相匹配?

The only time you'd be truly comfortable seeing a P/E as depressed as Guangdong Homa Group's is when the company's growth is on track to lag the market decidedly.

只有當廣東豪馬集團的增長明顯落後於市場時,你才會真正放心地看到該公司的市盈率如此低迷。

Taking a look back first, we see that the company grew earnings per share by an impressive 366% last year. Still, EPS has barely risen at all from three years ago in total, which is not ideal. Accordingly, shareholders probably wouldn't have been overly satisfied with the unstable medium-term growth rates.

首先回顧一下,我們看到該公司去年的每股收益增長了令人印象深刻的366%。儘管如此,與三年前相比,每股收益總體上幾乎沒有上升,這並不理想。因此,股東們可能不會對不穩定的中期增長率過於滿意。

Turning to the outlook, the next three years should generate growth of 10% per year as estimated by the dual analysts watching the company. Meanwhile, the rest of the market is forecast to expand by 25% per annum, which is noticeably more attractive.

談到前景,觀察該公司的兩位分析師估計,未來三年應該會產生每年10%的增長。與此同時,預計其他市場將以每年25%的速度增長,這顯然更具吸引力。

With this information, we can see why Guangdong Homa Group is trading at a P/E lower than the market. It seems most investors are expecting to see limited future growth and are only willing to pay a reduced amount for the stock.

有了這些信息,我們就可以理解為什麼廣東豪馬集團的市盈率低於市場。似乎大多數投資者預計未來的增長有限,只願意為該股支付較低的價格。

The Bottom Line On Guangdong Homa Group's P/E

廣東豪馬集團市盈率底線

While the price-to-earnings ratio shouldn't be the defining factor in whether you buy a stock or not, it's quite a capable barometer of earnings expectations.

雖然市盈率不應該是你是否買入一隻股票的決定性因素,但它是一個很好的盈利預期晴雨表。

As we suspected, our examination of Guangdong Homa Group's analyst forecasts revealed that its inferior earnings outlook is contributing to its low P/E. At this stage investors feel the potential for an improvement in earnings isn't great enough to justify a higher P/E ratio. It's hard to see the share price rising strongly in the near future under these circumstances.

正如我們懷疑的那樣,我們對廣東豪馬集團分析師預測的審查顯示,其糟糕的盈利前景是導致其低市盈率的原因之一。在現階段,投資者認為盈利改善的潛力還不夠大,不足以證明更高的市盈率是合理的。在這種情況下,很難看到股價在不久的將來強勁上漲。

A lot of potential risks can sit within a company's balance sheet. Our free balance sheet analysis for Guangdong Homa Group with six simple checks will allow you to discover any risks that could be an issue.

一家公司的資產負債表中可能隱藏着許多潛在風險。我們的免費廣東豪馬集團的資產負債表分析和六個簡單的檢查將使您能夠發現任何可能成為問題的風險。

If P/E ratios interest you, you may wish to see this free collection of other companies with strong earnings growth and low P/E ratios.

如果你對市盈率感興趣,你可能想看看這個免費其他盈利增長強勁、市盈率較低的公司的集合。

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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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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。

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