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Investors Still Aren't Entirely Convinced By Huafu Fashion Co., Ltd.'s (SZSE:002042) Revenues Despite 26% Price Jump

Investors Still Aren't Entirely Convinced By Huafu Fashion Co., Ltd.'s (SZSE:002042) Revenues Despite 26% Price Jump

投資者仍不完全相信華府時裝有限公司。”s (SZSE: 002042) 儘管價格上漲了26%,但仍有收入
Simply Wall St ·  2023/11/03 18:02

The Huafu Fashion Co., Ltd. (SZSE:002042) share price has done very well over the last month, posting an excellent gain of 26%. The last 30 days bring the annual gain to a very sharp 27%.

這個 華富時裝有限公司 (SZSE: 002042) 股價在上個月表現良好,漲幅高達26%。在過去的30天中,年增長率達到驚人的27%。

Although its price has surged higher, considering around half the companies operating in China's Luxury industry have price-to-sales ratios (or "P/S") above 2x, you may still consider Huafu Fashion as an solid investment opportunity with its 0.5x P/S ratio. However, the P/S might be low for a reason and it requires further investigation to determine if it's justified.

儘管其價格飆升,但考慮到在中國奢侈品行業運營的公司中約有一半的市售率(或 “市盈率”)超過2倍,您仍然可以將華富時尚視爲市盈率爲0.5倍的可靠投資機會。但是,市盈率低可能是有原因的,需要進一步調查才能確定其是否合理。

See our latest analysis for Huafu Fashion

查看我們對華富時尚的最新分析

ps-multiple-vs-industry
SZSE:002042 Price to Sales Ratio vs Industry November 3rd 2023
深交所:002042 市銷比與行業的比率 2023 年 11 月 3 日

How Huafu Fashion Has Been Performing

華府時尚的表現如何

Huafu Fashion could be doing better as its revenue has been going backwards lately while most other companies have been seeing positive revenue growth. Perhaps the P/S remains low as investors think the prospects of strong revenue growth aren't on the horizon. So while you could say the stock is cheap, investors will be looking for improvement before they see it as good value.

華富時尚可能會做得更好,因爲其收入最近一直在倒退,而大多數其他公司的收入卻出現了正增長。由於投資者認爲強勁的收入增長前景不在眼前,市盈率可能仍然很低。因此,儘管你可以說這隻股票很便宜,但投資者在將其視爲物有所值之前會尋求改善。

Keen to find out how analysts think Huafu Fashion's future stacks up against the industry? In that case, our
想了解分析師如何看待華富時尚的未來與行業背道而馳嗎?在這種情況下,我們的
free
免費的
report is a great place to start.
報告是一個不錯的起點。

Do Revenue Forecasts Match The Low P/S Ratio?

收入預測是否與低市盈率相符?

Huafu Fashion's P/S ratio would be typical for a company that's only expected to deliver limited growth, and importantly, perform worse than the industry.

華富時裝的市盈率對於一家預計增長有限、重要的是表現比行業差的公司來說是典型的。

Taking a look back first, the company's revenue growth last year wasn't something to get excited about as it posted a disappointing decline of 29%. As a result, revenue from three years ago have also fallen 9.5% overall. Accordingly, shareholders would have felt downbeat about the medium-term rates of revenue growth.

首先回顧一下,該公司去年的收入增長並不令人興奮,因爲它公佈了29%的令人失望的下降。結果,三年前的收入也總體下降了9.5%。因此,股東們會對中期收入增長率感到悲觀。

Shifting to the future, estimates from the four analysts covering the company suggest revenue should grow by 43% over the next year. Meanwhile, the rest of the industry is forecast to only expand by 24%, which is noticeably less attractive.

展望未來,報道該公司的四位分析師的估計表明,明年收入將增長43%。同時,預計該行業的其他部門將僅增長24%,這明顯降低了吸引力。

With this in consideration, we find it intriguing that Huafu Fashion's P/S sits behind most of its industry peers. Apparently some shareholders are doubtful of the forecasts and have been accepting significantly lower selling prices.

考慮到這一點,我們發現有趣的是,華富時裝的市盈率落後於大多數業內同行。顯然,一些股東對預測持懷疑態度,並一直在接受大幅降低的銷售價格。

What Does Huafu Fashion's P/S Mean For Investors?

華富時尚的市盈率對投資者意味着什麼?

Huafu Fashion's stock price has surged recently, but its but its P/S still remains modest. Using the price-to-sales ratio alone to determine if you should sell your stock isn't sensible, however it can be a practical guide to the company's future prospects.

華富時裝的股價最近飆升,但其市盈率仍然不高。僅使用市銷比來確定是否應該出售股票是不明智的,但是它可以作爲公司未來前景的實用指南。

Huafu Fashion's analyst forecasts revealed that its superior revenue outlook isn't contributing to its P/S anywhere near as much as we would have predicted. There could be some major risk factors that are placing downward pressure on the P/S ratio. It appears the market could be anticipating revenue instability, because these conditions should normally provide a boost to the share price.

華富時尚的分析師預測顯示,其優異的收入前景對其市盈率的貢獻不如我們預期的那麼大。可能有一些主要的風險因素給市盈率帶來下行壓力。看來市場可能會預期收入不穩定,因爲這些條件通常會提振股價。

Plus, you should also learn about these 2 warning signs we've spotted with Huafu Fashion (including 1 which is potentially serious).

另外,你還應該了解這些 我們在 Huafu Fashion 上發現了 2 個警告信號 (包括一個可能很嚴重的案件).

It's important to make sure you look for a great company, not just the first idea you come across. So if growing profitability aligns with your idea of a great company, take a peek at this free list of interesting companies with strong recent earnings growth (and a low P/E).

重要的是 一定要尋找一家優秀的公司,而不僅僅是你遇到的第一個想法。 因此,如果盈利能力的提高與你對一家優秀公司的想法一致,那就來看看吧 免費的 近期收益增長強勁(市盈率低)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.

對這篇文章有反饋嗎?擔心內容嗎? 取得聯繫 直接和我們在一起。 或者,給編輯團隊 (at) simplywallst.com 發送電子郵件。
Simply Wall St 的這篇文章本質上是籠統的。 我們僅使用公正的方法根據歷史數據和分析師的預測提供評論,我們的文章無意作爲財務建議。 它不構成買入或賣出任何股票的建議,也沒有考慮您的目標或財務狀況。我們的目標是爲您提供由基本面數據驅動的長期重點分析。請注意,我們的分析可能不考慮最新的價格敏感公司公告或定性材料。簡而言之,華爾街在上述任何股票中都沒有頭寸。

声明:本內容僅用作提供資訊及教育之目的,不構成對任何特定投資或投資策略的推薦或認可。 更多信息
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