Crane NXT, Co.'s (NYSE:CXT) Share Price Not Quite Adding Up
Crane NXT, Co.'s (NYSE:CXT) Share Price Not Quite Adding Up
When you see that almost half of the companies in the Electronic industry in the United States have price-to-sales ratios (or "P/S") below 1.6x, Crane NXT, Co. (NYSE:CXT) looks to be giving off some sell signals with its 2.1x P/S ratio. Nonetheless, we'd need to dig a little deeper to determine if there is a rational basis for the elevated P/S.
當你看到美國電子行業將近一半的公司的市銷率(或 “市盈率”)低於1.6倍時,Crane NXT, Co.紐約證券交易所代碼:CXT)的市盈率爲2.1倍,似乎正在發出一些賣出信號。儘管如此,我們需要更深入地挖掘才能確定市盈率上升是否有合理的基礎。
Check out our latest analysis for Crane NXT
查看我們對 Crane NXT 的最新分析
![](https://newsfile.futunn.com/public/NN-PersistNewsContentImage/7781/20231129/0-a848624ef2707fde7616790986775152-0-467345fecb558def7a818d8c54d78217.png/big)
NYSE:CXT Price to Sales Ratio vs Industry November 29th 2023
紐約證券交易所:CXT 市銷比與行業的對比 2023 年 11 月 29 日
How Crane NXT Has Been Performing
Crane NXT 的表現如何
With revenue growth that's superior to most other companies of late, Crane NXT has been doing relatively well. It seems the market expects this form will continue into the future, hence the elevated P/S ratio. However, if this isn't the case, investors might get caught out paying too much for the stock.
由於最近收入增長優於大多數其他公司,Crane NXT的表現相對較好。看來市場預計這種形式將持續到未來,因此市盈率會提高。但是,如果不是這樣,投資者可能會被困爲股票支付過多的費用。
Want the full picture on analyst estimates for the company? Then our free report on Crane NXT will help you uncover what's on the horizon.
想全面了解分析師對公司的估計?然後,我們關於 Crane NXT 的免費報告將幫助您發現即將發生的事情。
What Are Revenue Growth Metrics Telling Us About The High P/S?
收入增長指標告訴我們關於高市盈率的哪些信息?
The only time you'd be truly comfortable seeing a P/S as high as Crane NXT's is when the company's growth is on track to outshine the industry.
看到像Crane NXT一樣高的市盈率只有當公司的增長有望超越行業時,你才能真正感到自在。
Taking a look back first, we see that there was hardly any revenue growth to speak of for the company over the past year. Fortunately, a few good years before that means that it was still able to grow revenue by 24% in total over the last three years. Therefore, it's fair to say that revenue growth has been inconsistent recently for the company.
首先回顧一下,我們發現該公司在過去的一年中幾乎沒有任何收入增長可言。幸運的是,在此之前的幾年裏,這意味着它在過去三年中仍能夠將總收入增長24%。因此,可以公平地說,該公司最近的收入增長一直不穩定。
Shifting to the future, estimates from the four analysts covering the company suggest revenue should grow by 2.4% over the next year. Meanwhile, the rest of the industry is forecast to expand by 7.0%, which is noticeably more 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2.4%。同時,該行業的其他部門預計將增長7.0%,這明顯更具吸引力。
In light of this, it's alarming that Crane NXT's P/S sits above the majority of other companies. Apparently many investors in the company are way more bullish than analysts indicate and aren't willing to let go of their stock at any price. There's a good chance these shareholders are setting themselves up for future disappointment if the P/S falls to levels more in line with the growth outlook.
有鑑於此,令人震驚的是,Crane NXT的市盈率高於大多數其他公司。顯然,該公司的許多投資者比分析師所表示的要看漲得多,他們不願以任何價格拋售股票。如果市盈率降至更符合增長前景的水平,這些股東很有可能爲未來的失望做好準備。
The Key Takeaway
關鍵要點
We'd say the price-to-sales ratio's power isn't primarily as a valuation instrument but rather to gauge current investor sentiment and future expectations.
我們可以說,市銷比的力量主要不是作爲估值工具,而是用來衡量當前投資者情緒和未來預期。
It comes as a surprise to see Crane NXT trade at such a high P/S given the revenue forecasts look less than stellar. When we see a weak revenue outlook, we suspect the share price faces a much greater risk of declining, bringing back down the P/S figures. At these price levels, investors should remain cautious, particularly if things don't improve.
鑑於收入預測看起來並不樂觀,看到Crane NXT以如此高的市盈率交易真是令人驚訝。當我們看到收入前景疲軟時,我們懷疑股價面臨更大的下跌風險,從而降低市盈率。在這些價格水平下,投資者應保持謹慎,尤其是在情況沒有改善的情況下。
We don't want to rain on the parade too much, but we did also find 1 warning sign for Crane NXT that you need to be mindful of.
我們不想在遊行隊伍中下太多雨,但我們還發現了 Crane NXT 的 1 個警告標誌,你需要注意。
If strong companies turning a profit tickle your fancy, then you'll want to check out this free list of interesting companies that trade on a low P/E (but have proven they can grow earnings).
如果你喜歡實力雄厚的公司盈利,那麼你會想看看這份以低市盈率(但已證明可以增加收益)的有趣公司的免費名單。