Market Cool On Optical Cable Corporation's (NASDAQ:OCC) Revenues Pushing Shares 25% Lower
Market Cool On Optical Cable Corporation's (NASDAQ:OCC) Revenues Pushing Shares 25% Lower
The Optical Cable Corporation (NASDAQ:OCC) share price has fared very poorly over the last month, falling by a substantial 25%. Instead of being rewarded, shareholders who have already held through the last twelve months are now sitting on a 27% share price drop.
這個光纜公司納斯達克(股票代碼:OCC)上個月股價表現非常糟糕,大幅下跌了25%。然而,在過去12個月中一直持有的股東非但沒有獲得回報,反而坐擁27%的股價下跌。他說:
Following the heavy fall in price, it would be understandable if you think Optical Cable is a stock with good investment prospects with a price-to-sales ratios (or "P/S") of 0.3x, considering almost half the companies in the United States' Communications industry have P/S ratios above 0.9x. However, the P/S might be low for a reason and it requires further investigation to determine if it's justified.
在價格大幅下跌之後,如果你認為光纜是一隻具有良好投資前景的股票,市銷率(P/S)為0.3倍,這是可以理解的,因為美國通信業幾乎一半的公司的P/S比率在0.9倍以上。然而,本益比/S可能是有原因的,需要進一步調查才能確定是否合理。他說:
Check out our latest analysis for Optical Cable
查看我們對光纜的最新分析
![](https://newsfile.futunn.com/public/NN-PersistNewsContentImage/7781/20231019/0-ec03ab5b269bd3c6a33ca66490761a72-0-3243d029da7fd09c926af1d36bbb6767.png/big)
NasdaqGM:OCC Price to Sales Ratio vs Industry October 19th 2023
NasdaqGM:OCC價銷比與行業2023年10月19日
How Optical Cable Has Been Performing
光纜的表現如何
Optical Cable has been doing a good job lately as it's been growing revenue at a solid pace. Perhaps the market is expecting this acceptable revenue performance to take a dive, which has kept the P/S suppressed. Those who are bullish on Optical Cable will be hoping that this isn't the case, so that they can pick up the stock at a lower valuation.
光纜最近一直做得很好,因為它的收入一直在穩步增長。或許市場預期這一可接受的營收表現將出現跳水,這令P/S受到壓制。那些看好光纜的人會希望情況並非如此,這樣他們就可以以更低的估值買入這只股票。巴塞隆納
Although there are no analyst estimates available for Optical Cable, take a look at this free data-rich visualisation to see how the company stacks up on earnings, revenue and cash flow.
儘管沒有分析師對光纜的估計,但看看這個免費豐富的數據可視化,看看公司的收益、收入和現金流是如何堆積的。他說:
How Is Optical Cable's Revenue Growth Trending?
光纜的收入增長趨勢如何?
Optical Cable's P/S ratio would be typical for a company that's only expected to deliver limited growth, and importantly, perform worse than the industry.
光纜的P/S比率對於一家預計只會帶來有限增長的公司來說是典型的,而且重要的是,它的表現遜於行業。他說:
Taking a look back first, we see that the company grew revenue by an impressive 15% last year. As a result, it also grew revenue by 26% in total over the last three years. So we can start by confirming that the company has actually done a good job of growing revenue over that time.
首先回顧一下,我們看到該公司去年的收入增長了令人印象深刻的15%。因此,該公司在過去三年的總收入也增長了26%。因此,我們可以從確認該公司在這段時間內實際上在收入增長方面做得很好開始。他說:
Comparing that recent medium-term revenue trajectory with the industry's one-year growth forecast of 4.6% shows it's noticeably more attractive.
將最近的中期營收軌跡與該行業4.6%的一年增長預期進行比較,可以看出它明顯更具吸引力。
With this information, we find it odd that Optical Cable is trading at a P/S lower than the industry. Apparently some shareholders believe the recent performance has exceeded its limits and have been accepting significantly lower selling prices.
有了這些資訊,我們發現奇怪的是,光纜的本益比低於行業。顯然,一些股東認為,最近的表現已經超出了極限,一直在接受大幅降低的售價。他說:
The Key Takeaway
關鍵的外賣
Optical Cable's P/S has taken a dip along with its share price. 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.
光纜的P/S隨著其股價一起下跌。我們會說,市銷率的力量主要不是作為一種估值工具,而是衡量當前投資者的情緒和未來預期。
Our examination of Optical Cable revealed its three-year revenue trends aren't boosting its P/S anywhere near as much as we would have predicted, given they look better than current industry expectations. When we see robust revenue growth that outpaces the industry, we presume that there are notable underlying risks to the company's future performance, which is exerting downward pressure on the P/S ratio. While recent revenue trends over the past medium-term suggest that the risk of a price decline is low, investors appear to perceive a likelihood of revenue fluctuations in the future.
我們對光纜的調查顯示,光纜三年的營收趨勢並沒有像我們預期的那樣提振其本益比/S,因為它們看起來好於當前行業的預期。當我們看到強勁的收入增長超過行業時,我們假設公司未來的業績存在顯著的潛在風險,這正在對本益比/S比率施加下行壓力。雖然最近過去中期的收入趨勢表明,價格下跌的風險很低,但投資者似乎認為未來收入波動的可能性很大。巴塞隆納
And what about other risks? Every company has them, and we've spotted 3 warning signs for Optical Cable (of which 1 is a bit concerning!) you should know about.
還有其他風險呢?每家公司都有它們,我們已經發現了。3光纜警示標誌(其中1個有點令人擔憂!)你應該知道。他說:
Of course, profitable companies with a history of great earnings growth are generally safer bets. So you may wish to see this free collection of other companies that have reasonable P/E ratios and have grown earnings strongly.
當然了,利潤豐厚、盈利增長迅速的公司通常是更安全的押注那就是。所以你可能想看看這個免費其他本益比合理、盈利增長強勁的公司的集合。
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本文由Simply Wall St.撰寫,具有概括性.我們僅使用不偏不倚的方法提供基於歷史數據和分析師預測的評論,我們的文章並不打算作為財務建議.它不構成買賣任何股票的建議,也沒有考慮你的目標或你的財務狀況.我們的目標是為您帶來由基本面數據驅動的長期重點分析.請注意,我們的分析可能不會將最新的對價格敏感的公司公告或定性材料考慮在內.Simply Wall St.對上述任何一隻股票都沒有持倉.