Basetrophy Group Holdings Limited (HKG:8460) shareholders that were waiting for something to happen have been dealt a blow with a 54% share price drop in the last month. The recent drop completes a disastrous twelve months for shareholders, who are sitting on a 60% loss during that time.
In spite of the heavy fall in price, there still wouldn't be many who think Basetrophy Group Holdings' price-to-sales (or "P/S") ratio of 0.3x is worth a mention when it essentially matches the median P/S in Hong Kong's Construction industry. 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:8460 Price to Sales Ratio vs Industry July 12th 2024
How Has Basetrophy Group Holdings Performed Recently?
The revenue growth achieved at Basetrophy Group Holdings over the last year would be more than acceptable for most companies. It might be that many expect the respectable revenue performance to wane, which has kept the P/S from rising. If that doesn't eventuate, then existing shareholders probably aren't too pessimistic about the future direction of the share price.
Want the full picture on earnings, revenue and cash flow for the company? Then our free report on Basetrophy Group Holdings will help you shine a light on its historical performance.
Do Revenue Forecasts Match The P/S Ratio?
Basetrophy Group Holdings' P/S ratio would be typical for a company that's only expected to deliver moderate growth, and importantly, perform in line with the industry.
Retrospectively, the last year delivered a decent 12% gain to the company's revenues. Ultimately though, it couldn't turn around the poor performance of the prior period, with revenue shrinking 11% in total over the last three years. So unfortunately, we have to acknowledge that the company has not done a great job of growing revenue over that time.
In contrast to the company, the rest of the industry is expected to grow by 10% over the next year, which really puts the company's recent medium-term revenue decline into perspective.
With this information, we find it concerning that Basetrophy Group Holdings is trading at a fairly similar P/S compared to the industry. Apparently many investors in the company are way less bearish than recent times would indicate and aren't willing to let go of their stock right now. There's a good chance existing shareholders are setting themselves up for future disappointment if the P/S falls to levels more in line with the recent negative growth rates.
What Does Basetrophy Group Holdings' P/S Mean For Investors?
With its share price dropping off a cliff, the P/S for Basetrophy Group Holdings looks to be in line with the rest of the Construction industry. It's argued the price-to-sales ratio is an inferior measure of value within certain industries, but it can be a powerful business sentiment indicator.
Our look at Basetrophy Group Holdings revealed its shrinking revenues over the medium-term haven't impacted the P/S as much as we anticipated, given the industry is set to grow. When we see revenue heading backwards in the context of growing industry forecasts, it'd make sense to expect a possible share price decline on the horizon, sending the moderate P/S lower. If recent medium-term revenue trends continue, it will place shareholders' investments at risk and potential investors in danger of paying an unnecessary premium.
There are also other vital risk factors to consider before investing and we've discovered 4 warning signs for Basetrophy Group Holdings that you should be aware of.
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).
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Basetrophy Group Holdings Limited(HKG:8460)的股東們希望看到一些變化,但在過去一個月股價下跌54%,他們遭受了重創。這次急劇下跌又給股東帶來了災難性的12個月,此期間他們遭受了60%的損失。
儘管股價大幅下跌,但當它基本上與香港建造業的中位數市銷率匹配時,扣除了Basetrophy Group Holdings的市銷率(或簡稱"P/S")爲0.3x的分析人士寥寥無幾。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,投資者可能會錯失潛在的機會或忽略即將到來的失望。
SEHK:8460市銷率與行業之比2024年7月12日
Basetrophy Group Holdings 近期表現如何?
Basetrophy Group Holdings在過去一年實現的營收增長對於大多數公司來說是可以接受的。可能是因爲許多人認爲值得期待的收入表現將會減弱,這就使得市銷率沒有上漲。如果這種情況得以實現,則現有股東對股價未來走勢可能並不悲觀。
想要了解公司的收益、營收和現金流的全部情況嗎? 那麼查閱我們關於Basetrophy Group Holdings的免費報告可以幫助你了解其歷史表現。
營業收入預測與市銷率是否匹配?
Basetrophy Group Holdings的市銷率對於一個預計只能提供適度增長且重要的公司表現與行業板塊相匹配的公司來說是典型的。
考慮到這一點,我們認爲Basetrophy Group Holdings的市銷率比行業內其他公司的市銷率相當,這讓我們感到擔憂。顯然,該公司的許多投資者要比最近的時期看起來要少看淡,現階段不願放棄他們的股票。如果市銷率下跌到與最近負增長率更爲一致的水平,現有股東很可能正在爲未來的失望做好了準備。
Basetrophy Group Holdings市銷率對於投資者意味着什麼?
隨着其股價暴跌,Basetrophy Group Holdings的市銷率似乎與建造業的其他公司相當。雖然有些人認爲市銷率是某些行業內部價值的不良指標,但它可以成爲一個強有力的商業情緒指標。
我們對Basetrophy Group Holdings的觀察顯示,該公司的中長期收入呈下降趨勢,並沒有像預期的那樣對市銷率產生太大影響,而產業仍在增長。當我們看到收入在產業增長的背景下出現逆勢走低時,可以預期可能會出現潛在的股價下跌局面,使得市銷率下降。如果中長期收入趨勢繼續下降,那麼可能會對股東的投資產生風險,並使潛在投資者面臨支付不必要溢價的風險。
在投資之前,還有其他重要的風險因素需要考慮,我們已經發現 Basetrophy Group Holdings 存在 4 個警示信號,您應該注意。