What CoreCivic, Inc.'s (NYSE:CXW) 26% Share Price Gain Is Not Telling You
What CoreCivic, Inc.'s (NYSE:CXW) 26% Share Price Gain Is Not Telling You
CoreCivic, Inc. (NYSE:CXW) shares have continued their recent momentum with a 26% gain in the last month alone. Taking a wider view, although not as strong as the last month, the full year gain of 21% is also fairly reasonable.
CoreCivic, Inc. 纽约证券交易所代码:CXW)股价延续了最近的势头,仅在上个月就上涨了26%。从更广泛的角度来看,尽管没有上个月那么强劲,但全年增长21%也是相当合理的。
In spite of the firm bounce in price, it's still not a stretch to say that CoreCivic's price-to-earnings (or "P/E") ratio of 13.4x right now seems quite "middle-of-the-road" compared to the market in the United States, where the median P/E ratio is around 15x. While this might not raise any eyebrows, if the P/E ratio is not justified investors could be missing out on a potential opportunity or ignoring looming disappointment.
尽管价格稳步反弹,但可以毫不夸张地说,与中位市盈率约为15倍的美国市场相比,CoreCivic目前的市盈率(或 “市盈率”)为13.4倍,似乎相当 “处于中间位置”。尽管这可能不会引起任何关注,但如果市盈率不合理,投资者可能会错过潜在的机会或忽视迫在眉睫的失望。
With earnings growth that's exceedingly strong of late, CoreCivic has been doing very well. It might be that many expect the strong earnings performance to wane, which has kept the P/E from rising. If that doesn't eventuate, then existing shareholders have reason to be feeling optimistic about the future direction of the share price.
由于最近收益增长异常强劲,CoreCivic一直表现良好。许多人可能预计强劲的收益表现将减弱,这使市盈率无法上升。如果最终没有成功,那么现有股东就有理由对股价的未来走向感到乐观。
See our latest analysis for CoreCivic
查看我们对 CoreCivic 的最新分析
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How Is CoreCivic's Growth Trending?
CoreCivic 的增长趋势如何?
There's an inherent assumption that a company should be matching the market for P/E ratios like CoreCivic's to be considered reasonable.
人们固有的假设是,一家公司应该与市场相匹配,以使像CoreCivic这样的市盈率被认为是合理的。
Retrospectively, the last year delivered an exceptional 44% gain to the company's bottom line. Still, EPS has barely risen at all from three years ago in total, which is not ideal. Therefore, it's fair to say that earnings growth has been inconsistent recently for the company.
回顾过去,去年该公司的利润实现了惊人的44%的增长。尽管如此,每股收益总额与三年前相比几乎没有增长,这并不理想。因此,可以公平地说,该公司最近的收益增长一直不稳定。
Comparing that to the market, which is predicted to deliver 9.3% growth in the next 12 months, the company's momentum is weaker based on recent medium-term annualised earnings results.
相比之下,市场预计将在未来12个月内实现9.3%的增长,根据最近的中期年化收益业绩,该公司的势头较弱。
With this information, we find it interesting that CoreCivic is trading at a fairly similar P/E to the market. It seems most investors are ignoring the fairly limited recent growth rates and are willing to pay up for exposure to the stock. They may be setting themselves up for future disappointment if the P/E falls to levels more in line with recent growth rates.
有了这些信息,我们发现有趣的是,CoreCivic的市盈率与市场相当相似。看来大多数投资者都忽视了近期相当有限的增长率,他们愿意为股票敞口付出代价。如果市盈率降至更符合近期增长率的水平,他们可能会为未来的失望做好准备。
The Final Word
最后一句话
CoreCivic's stock has a lot of momentum behind it lately, which has brought its P/E level with the market. Typically, we'd caution against reading too much into price-to-earnings ratios when settling on investment decisions, though it can reveal plenty about what other market participants think about the company.
CoreCivic的股票最近势头强劲,这使其市盈率上升。通常,在做出投资决策时,我们会谨慎行事,不要过多地解读市盈率,尽管这可以充分揭示其他市场参与者对公司的看法。
We've established that CoreCivic currently trades on a higher than expected P/E since its recent three-year growth is lower than the wider market forecast. Right now we are uncomfortable with the P/E as this earnings performance isn't likely to support a more positive sentiment for long. Unless the recent medium-term conditions improve, it's challenging to accept these prices as being reasonable.
我们已经确定,CoreCivic目前的市盈率高于预期,因为其最近的三年增长低于更广泛的市场预期。目前,我们对市盈率感到不舒服,因为这种收益表现不太可能长期支撑更乐观的情绪。除非最近的中期条件有所改善,否则很难接受这些价格的合理性。
Before you settle on your opinion, we've discovered 3 warning signs for CoreCivic (1 doesn't sit too well with us!) that you should be aware of.
在你确定自己的观点之前,我们已经发现 CoreCivic 有 3 个警告信号 (1 对我们来说不太合适!)你应该知道的。
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).
重要的是 一定要寻找一家优秀的公司,而不仅仅是你遇到的第一个想法。 所以来看看这个 免费的 近期收益增长强劲(市盈率低)的有趣公司名单。
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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。