Sculptor Capital Management, Inc.'s (NYSE:SCU) Price Is Right But Growth Is Lacking
Sculptor Capital Management, Inc.'s (NYSE:SCU) Price Is Right But Growth Is Lacking
You may think that with a price-to-sales (or "P/S") ratio of 1.1x Sculptor Capital Management, Inc. (NYSE:SCU) is a stock worth checking out, seeing as almost half of all the Capital Markets companies in the United States have P/S ratios greater than 2.6x and even P/S higher than 7x aren't out of the ordinary. However, the P/S might be low for a reason and it requires further investigation to determine if it's justified.
你可能会这样认为,市售比(或 “P/S”)为1.1倍 雕塑家资本管理有限公司 纽约证券交易所代码:SCU)是一只值得一看的股票,因为在美国所有资本市场公司中,将近一半的市盈率高于2.6倍,即使市盈率高于7倍也并非不寻常。但是,市盈率低可能是有原因的,需要进一步调查才能确定是否合理。
See our latest analysis for Sculptor Capital Management
查看我们对雕塑家资本管理公司的最新分析
![ps-multiple-vs-industry](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20231017/0-1d66a744afd14ea7486c047c43473d5a-0-b8a50b73a4365279f0e61f92ce52c472.png/big)
What Does Sculptor Capital Management's Recent Performance Look Like?
Sculptor Capital Management最近的表现是什么样子?
As an illustration, revenue has deteriorated at Sculptor Capital Management over the last year, which is not ideal at all. Perhaps the market believes the recent revenue performance isn't good enough to keep up the industry, causing the P/S ratio to suffer. If you like the company, you'd be hoping this isn't the case so that you could potentially pick up some stock while it's out of favour.
举例来说,Sculptor Capital Management的收入在过去一年中恶化了,这根本不理想。也许市场认为最近的收入表现不足以维持该行业的发展,从而导致市盈率受到影响。如果你喜欢这家公司,你会希望情况并非如此,这样你就有可能在股票失宠的时候买入一些股票。
How Is Sculptor Capital Management's Revenue Growth Trending?
Sculptor Capital Management的收入增长趋势如何?
In order to justify its P/S ratio, Sculptor Capital Management would need to produce sluggish growth that's trailing the industry.
为了证明其市盈率是合理的,Sculptor Capital Management需要实现落后于该行业的缓慢增长。
Retrospectively, the last year delivered a frustrating 33% decrease to the company's top line. This means it has also seen a slide in revenue over the longer-term as revenue is down 29% 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.
回顾过去,该公司的收入下降了33%,令人沮丧。这意味着从长远来看,它的收入也有所下滑,因为在过去三年中,总收入下降了29%。因此,不幸的是,我们必须承认,在这段时间里,该公司在增加收入方面做得不好。
Comparing that to the industry, which is predicted to deliver 13% growth in the next 12 months, the company's downward momentum based on recent medium-term revenue results is a sobering picture.
与该行业相比,该行业预计将在未来12个月内实现13%的增长,根据最近的中期收入业绩,该公司的下行势头令人发人深省。
With this information, we are not surprised that Sculptor Capital Management is trading at a P/S lower than the industry. However, we think shrinking revenues are unlikely to lead to a stable P/S over the longer term, which could set up shareholders for future disappointment. There's potential for the P/S to fall to even lower levels if the company doesn't improve its top-line growth.
有了这些信息,Sculptor Capital Management的市盈率低于该行业也就不足为奇了。但是,我们认为,从长远来看,收入萎缩不太可能带来稳定的市盈率,这可能会让股东对未来的失望情绪感到失望。如果该公司不改善收入增长,市盈率有可能降至更低的水平。
What Does Sculptor Capital Management's P/S Mean For Investors?
Sculptor Capital Management的市盈率对投资者意味着什么?
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.
我们可以说,市销比的力量主要不是作为估值工具,而是用来衡量当前投资者情绪和未来预期。
As we suspected, our examination of Sculptor Capital Management revealed its shrinking revenue over the medium-term is contributing to its low P/S, given the industry is set to grow. Right now shareholders are accepting the low P/S as they concede future revenue probably won't provide any pleasant surprises either. Unless the recent medium-term conditions improve, they will continue to form a barrier for the share price around these levels.
正如我们所怀疑的那样,我们对Sculptor Capital Management的检查显示,鉴于该行业必将增长,其中期收入萎缩是其低市盈率的原因。目前,股东们正在接受低市盈率,因为他们承认未来的收入也可能不会带来任何惊喜。除非最近的中期状况有所改善,否则它们将继续在这些水平附近构成股价的障碍。
There are also other vital risk factors to consider and we've discovered 2 warning signs for Sculptor Capital Management (1 is a bit unpleasant!) that you should be aware of before investing here.
还有其他重要的风险因素需要考虑,我们已经发现 雕塑家资本管理公司有 2 个警告信号 (1 有点不愉快!)在这里投资之前,你应该注意这一点。
If these risks are making you reconsider your opinion on Sculptor Capital Management, explore our interactive list of high quality stocks to get an idea of what else is out there.
如果这些 风险让你重新考虑你对雕塑家资本管理公司的看法,浏览我们的高品质股票互动清单,了解还有什么。
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Simply Wall St 的这篇文章本质上是笼统的。 我们仅使用公正的方法根据历史数据和分析师的预测提供评论,我们的文章无意作为财务建议。 它不构成买入或卖出任何股票的建议,也没有考虑您的目标或财务状况。我们的目标是为您提供由基本面数据驱动的长期重点分析。请注意,我们的分析可能不考虑最新的价格敏感公司公告或定性材料。简而言之,华尔街在上述任何股票中都没有头寸。