The Worldgate Global Logistics Ltd (HKG:8292) share price has fared very poorly over the last month, falling by a substantial 25%. The recent drop completes a disastrous twelve months for shareholders, who are sitting on a 65% loss during that time.
Even after such a large drop in price, you could still be forgiven for feeling indifferent about Worldgate Global Logistics' P/S ratio of 0.2x, since the median price-to-sales (or "P/S") ratio for the Logistics industry in Hong Kong is about the same. While this might not raise any eyebrows, if the P/S ratio is not justified investors could be missing out on a potential opportunity or ignoring looming disappointment.
SEHK:8292 Price to Sales Ratio vs Industry June 26th 2024
How Has Worldgate Global Logistics Performed Recently?
As an illustration, revenue has deteriorated at Worldgate Global Logistics over the last year, which is not ideal at all. It might be that many expect the company to put the disappointing revenue performance behind them over the coming period, which has kept the P/S from falling. If you like the company, you'd at least be hoping this is the case so that you could potentially pick up some stock while it's not quite in favour.
Although there are no analyst estimates available for Worldgate Global Logistics, take a look at this free data-rich visualisation to see how the company stacks up on earnings, revenue and cash flow.
What Are Revenue Growth Metrics Telling Us About The P/S?
There's an inherent assumption that a company should be matching the industry for P/S ratios like Worldgate Global Logistics' to be considered reasonable.
Retrospectively, the last year delivered a frustrating 14% decrease to the company's top line. However, a few very strong years before that means that it was still able to grow revenue by an impressive 69% in total over the last three years. Accordingly, while they would have preferred to keep the run going, shareholders would definitely welcome the medium-term rates of revenue growth.
Comparing that recent medium-term revenue trajectory with the industry's one-year growth forecast of 14% shows it's noticeably more attractive.
With this information, we find it interesting that Worldgate Global Logistics is trading at a fairly similar P/S compared to the industry. Apparently some shareholders believe the recent performance is at its limits and have been accepting lower selling prices.
The Bottom Line On Worldgate Global Logistics' P/S
With its share price dropping off a cliff, the P/S for Worldgate Global Logistics looks to be in line with the rest of the Logistics industry. 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.
To our surprise, Worldgate Global Logistics revealed its three-year revenue trends aren't contributing to its P/S as much as we would have predicted, given they look better than current industry expectations. There could be some unobserved threats to revenue preventing the P/S ratio from matching this positive performance. While recent revenue trends over the past medium-term suggest that the risk of a price decline is low, investors appear to see the likelihood of revenue fluctuations in the future.
Before you settle on your opinion, we've discovered 2 warning signs for Worldgate Global Logistics that you should be aware of.
If companies with solid past earnings growth is up your alley, you may wish to see this free collection of other companies with strong earnings growth and low P/E ratios.
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Worldgate Global Logistics Ltd(HKG:8292)股價在過去一個月裏表現非常糟糕,大幅下降了25%。近期的下跌完成了股東們災難性的十二個月,其間投資者的虧損高達65%。
即使在這麼大的價格下跌之後,您仍然可以對Worldgate Global Logistics的市銷率0.2倍感到冷漠,因爲香港物流行業的中位數市銷率大約相同。雖然這可能不會引起任何人的注意,但如果市銷率沒有得到證明,投資者可能會錯過潛在的機會或忽略逼近的失望。
SEHK: 8292市銷率與行業相比於2024年6月26日
Worldgate Global Logistics最近表現如何?
比如說,Worldgate Global Logistics的營業收入在過去一年中已經惡化,這一點都不理想。可能有很多人期望公司能夠在未來一段時間擺脫令人失望的營收表現,這也是市銷率沒有下降的原因。如果您喜歡這家公司,至少希望情況是這樣的,這樣您在股票還沒有很受青睞的時候可以有機會購買一些股票。
儘管沒有Worldgate Global Logistics的分析師預測可用,但可以查看這個免費的數據豐富可視化工具,了解公司的盈利,營收和現金流情況。
營業收入增長指標告訴我們市銷率的情況如何?
有一個固有的假設,認爲像Worldgate Global Logistics這樣的公司應該與物流行業的市銷率相匹配,才能被認爲是合理的。
根據這些信息,我們發現Worldgate Global Logistics的市銷率與該行業相比基本相似。顯然,一些股東認爲最近的表現已經到了極限,並已經接受了較低的售價。
Worldgate Global Logistics的市銷率底線是什麼?
隨着股價一落千丈,Worldgate Global Logistics的市銷率看起來與物流行業的其他公司差不多。我們認爲市銷率的作用主要不是作爲估值工具,而是爲了衡量當前投資者的情緒和未來的預期。
令我們驚訝的是,雖然Worldgate Global Logistics的三年營收趨勢要好於目前行業的預期,但並沒有像預計的那樣對其市銷率產生更多的貢獻。從中未被觀察到的威脅可能會阻止市銷率達到這一積極表現的水平。儘管過去一段中期的營收趨勢表明價格下跌的風險較低,但投資者似乎預計未來營收波動的可能性。
在您對此發表意見之前,我們發現Worldgate Global Logistics存在兩個警告信號,您應該注意。