The Cubic Sensor and Instrument Co., Ltd (SHSE:688665) share price has fared very poorly over the last month, falling by a substantial 26%. The drop over the last 30 days has capped off a tough year for shareholders, with the share price down 44% in that time.
In spite of the heavy fall in price, Cubic Sensor and Instrument's price-to-earnings (or "P/E") ratio of 26.2x might still make it look like a buy right now compared to the market in China, where around half of the companies have P/E ratios above 32x and even P/E's above 57x are quite common. Although, it's not wise to just take the P/E at face value as there may be an explanation why it's limited.
Recent times haven't been advantageous for Cubic Sensor and Instrument as its earnings have been falling quicker than most other companies. The P/E is probably low because investors think this poor earnings performance isn't going to improve at all. You'd much rather the company wasn't bleeding earnings if you still believe in the business. If not, then existing shareholders will probably struggle to get excited about the future direction of the share price.
Check out our latest analysis for Cubic Sensor and Instrument
SHSE:688665 Price to Earnings Ratio vs Industry January 29th 2024 If you'd like to see what analysts are forecasting going forward, you should check out our free report on Cubic Sensor and Instrument.
Is There Any Growth For Cubic Sensor and Instrument?
The only time you'd be truly comfortable seeing a P/E as low as Cubic Sensor and Instrument's is when the company's growth is on track to lag the market.
Retrospectively, the last year delivered a frustrating 6.3% decrease to the company's bottom line. However, a few very strong years before that means that it was still able to grow EPS by an impressive 45% in total over the last three years. So we can start by confirming that the company has generally done a very good job of growing earnings over that time, even though it had some hiccups along the way.
Looking ahead now, EPS is anticipated to climb by 76% during the coming year according to the five analysts following the company. With the market only predicted to deliver 42%, the company is positioned for a stronger earnings result.
In light of this, it's peculiar that Cubic Sensor and Instrument's P/E sits below the majority of other companies. It looks like most investors are not convinced at all that the company can achieve future growth expectations.
The Final Word
Cubic Sensor and Instrument's P/E has taken a tumble along with its share price. We'd say the price-to-earnings ratio's power isn't primarily as a valuation instrument but rather to gauge current investor sentiment and future expectations.
Our examination of Cubic Sensor and Instrument's analyst forecasts revealed that its superior earnings outlook isn't contributing to its P/E anywhere near as much as we would have predicted. There could be some major unobserved threats to earnings preventing the P/E ratio from matching the positive outlook. It appears many are indeed anticipating earnings instability, because these conditions should normally provide a boost to the share price.
Before you settle on your opinion, we've discovered 2 warning signs for Cubic Sensor and Instrument (1 is significant!) that you should be aware of.
It's important to make sure you look for a great company, not just the first idea you come across. So take a peek at this free list of interesting companies with strong recent earnings growth (and a low P/E).
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Cubic Sensor and Instrument株式会社(SHSE:688665)の株価は、過去1か月間に相当な26%減少し、非常に悪い状態です。30日間の減少は株主にとって厳しい1年を締めくくったもので、その期間中株価は44%下落しました。
株式会社Cubic Sensor and Instrumentの株価収益率(つまり、P / E比)は26.2倍であり、中国の市場と比較すると、およそ半数の企業が32倍以上のP / E比を持っており、P/E比57倍を超える企業も多いため、現在買いの検討をすることは賢明ではありません。ただし、P / E比だけを単純に利用することには注意が必要であり、その制限がある理由があるかもしれないためです。
最近の動向はCubic Sensor and Instrumentにとっては有利ではありません。同社の収益は他のほとんどの企業よりも急速に減少しており、株価に対する不安が高く、P / E比が低いのはそのためかもしれません。現存株主は、事業に引き続き期待を持たない限り、株価の将来的な方向に興奮することはないでしょう。Cubic Sensor and Instrumentの最新の分析については、当社のWebサイトをご覧ください。
Cubic Sensor and Instrumentの最新の分析については、当社のWebサイトをご覧ください。
SHSE:688665株価収益率対業種2024年1月29日今後のアナリストの予測を確認したい場合は、Cubic Sensor and Instrumentの無料レポートをチェックしてください。
Cubic Sensor and Instrumentに成長はありますか?
Cubic Sensor and InstrumentのP / E比がこのように低いのを確認するのは、同社の成長が市場に遅れる見通しの場合に限ります。
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オーストラリアでは、moomooの投資商品及びサービスはMoomoo Securities Australia Limitedによって提供され、オーストラリア証券投資委員会(ASIC)の管理を受けております(AFSL No. 224663)。「金融サービスガイド」、「利用規約」、「プライバシーポリシー」などの詳細は、Moomoo Securities Australia Limitedのウェブサイトhttps://www.moomoo.com/auでご確認いただけます。