Is There Now An Opportunity In Travel + Leisure Co. (NYSE:TNL)?
Is There Now An Opportunity In Travel + Leisure Co. (NYSE:TNL)?
Travel + Leisure Co. (NYSE:TNL), is not the largest company out there, but it received a lot of attention from a substantial price movement on the NYSE over the last few months, increasing to US$49.87 at one point, and dropping to the lows of US$40.55. Some share price movements can give investors a better opportunity to enter into the stock, and potentially buy at a lower price. A question to answer is whether Travel + Leisure's current trading price of US$42.10 reflective of the actual value of the mid-cap? Or is it currently undervalued, providing us with the opportunity to buy? Let's take a look at Travel + Leisure's outlook and value based on the most recent financial data to see if there are any catalysts for a price change.
Travel + Leisure Co. (紐交所:TNL)雖然不是最大的公司,但在過去幾個月裏在紐約股市引起了很多關注,股價一度上漲到49.87美元,又跌至最低的40.55美元。股價波動可能會爲投資者提供更好的進入股市的機會,有可能以更低的價格買入。一個需要回答的問題是Travel + Leisure的當前交易價格42.10美元是否反映了這家中型公司的真實價值?還是它目前被低估了,爲我們提供了買入的機會?讓我們看看Travel + Leisure的發展前景和價值,基於最近的財務數據,看看是否有任何影響價格變化的因素。
What's The Opportunity In Travel + Leisure?
Travel + Leisure 的投資機會是什麼?
Great news for investors – Travel + Leisure is still trading at a fairly cheap price according to our price multiple model, where we compare the company's price-to-earnings ratio to the industry average. We've used the price-to-earnings ratio in this instance because there's not enough visibility to forecast its cash flows. The stock's ratio of 7.32x is currently well-below the industry average of 18.73x, meaning that it is trading at a cheaper price relative to its peers. Although, there may be another chance to buy again in the future. This is because Travel + Leisure's beta (a measure of share price volatility) is high, meaning its price movements will be exaggerated relative to the rest of the market. If the market is bearish, the company's shares will likely fall by more than the rest of the market, providing a prime buying opportunity.
對於投資者來說,很好的消息是根據我們的價格多倍模型,Travel + Leisure仍然是一個相當便宜的股票,我們比較了公司的市盈率和行業平均水平。在這種情況下,我們使用市盈率,因爲沒有足夠的可見度來預測其現金流。該股票的市盈率爲7.32倍,目前遠低於行業平均水平18.73倍,這意味着與同業相比,其交易價格較便宜。儘管如此,未來可能還會有再次買入的機會。這是因爲Travel + Leisure的股票風險高,意味着其價格波動將相對於市場其它部分擴大。如果市場看跌,該公司股票的下跌幅度可能會超過市場其它股票,也就爲我們提供了一個主要的買入機會。
What kind of growth will Travel + Leisure generate?
Travel + Leisure將會產生何種增長?
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Investors looking for growth in their portfolio may want to consider the prospects of a company before buying its shares. Buying a great company with a robust outlook at a cheap price is always a good investment, so let's also take a look at the company's future expectations. Though in the case of Travel + Leisure, it is expected to deliver a relatively unexciting earnings growth of 2.4%, which doesn't help build up its investment thesis. Growth doesn't appear to be a main reason for a buy decision for Travel + Leisure, at least in the near term.
對於希望在投資組合中尋找增長的投資者,他們可能想在購買股票之前考慮一下公司的前景。以便宜的價格買入具有強勁前景的公司總是一筆好投資,因此我們也可以看一下該公司的未來預期。儘管在Travel + Leisure的情況下,預計將實現相對無聊的收益增長率2.4%,這並沒有幫助構建其投資主題。至少在短期內,增長不似乎是買入Travel + Leisure的主要原因。
What This Means For You
這對您意味着什麼?
Are you a shareholder? Even though growth is relatively muted, since TNL is currently trading below the industry PE ratio, it may be a great time to increase your holdings in the stock. However, there are also other factors such as capital structure to consider, which could explain the current price multiple.
你是股東嗎?儘管增長相對緩慢,但由於TNL目前交易價格低於行業市盈率,這可能是增加持股的好時機。但是,還需要考慮其他因素,例如資本結構,這可能可以解釋目前的價格多倍。
Are you a potential investor? If you've been keeping an eye on TNL for a while, now might be the time to make a leap. Its future profit outlook isn't fully reflected in the current share price yet, which means it's not too late to buy TNL. But before you make any investment decisions, consider other factors such as the strength of its balance sheet, in order to make a well-informed assessment.
你是潛在投資者嗎?如果你一直在關注TNL,現在可能是大膽嘗試的時候了。其未來的利潤前景還沒有完全反映在當前股價中,這意味着現在買入TNL還不算晚。但在做出任何投資決策之前,需要考慮其它因素,例如其資產負債表的強度,以便做出明智的評估。
With this in mind, we wouldn't consider investing in a stock unless we had a thorough understanding of the risks. For example, we've found that Travel + Leisure has 2 warning signs (1 is potentially serious!) that deserve your attention before going any further with your analysis.
因此,我們不會考慮投資一隻股票,除非我們對風險有透徹的了解。例如,我們已經發現Travel + Leisure有2個警示標誌(其中1個可能嚴重!),這些標誌值得在繼續分析之前引起您的注意。
If you are no longer interested in Travel + Leisure, you can use our free platform to see our list of over 50 other stocks with a high growth potential.
如果你對Travel + Leisure不再感興趣,你可以使用我們的免費平台查看我們的高增長潛力股票清單中的其它50個股票。
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這篇文章是Simply Wall St的一般性文章。我們根據歷史數據和分析師預測提供評論,只使用公正的方法論,我們的文章並不意味着提供任何金融建議。文章不構成買賣任何股票的建議,也不考慮您的目標或您的財務狀況。我們的目標是帶給您基本數據驅動的長期關注分析。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。Simply Wall St沒有任何股票頭寸。