Earnings Working Against CSSC (Hong Kong) Shipping Company Limited's (HKG:3877) Share Price
Earnings Working Against CSSC (Hong Kong) Shipping Company Limited's (HKG:3877) Share Price
CSSC (Hong Kong) Shipping Company Limited's (HKG:3877) price-to-earnings (or "P/E") ratio of 4.9x might make it look like a buy right now compared to the market in Hong Kong, where around half of the companies have P/E ratios above 10x and even P/E's above 19x are quite common. Nonetheless, we'd need to dig a little deeper to determine if there is a rational basis for the reduced P/E.
中國船舶(香港)航運有限公司(HKG: 3877)的市盈率(或 “市盈率”)爲4.9倍,與香港市場相比,目前可能看起來像買入。在香港,約有一半公司的市盈率高於10倍,甚至市盈率高於19倍也很常見。儘管如此,我們需要更深入地挖掘,以確定降低市盈率是否有合理的基礎。
CSSC (Hong Kong) Shipping certainly has been doing a good job lately as its earnings growth has been positive while most other companies have been seeing their earnings go backwards. One possibility is that the P/E is low because investors think the company's earnings are going to fall away like everyone else's soon. 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.
CSSC(香港)航運最近確實做得很好,因爲其收益增長是正的,而大多數其他公司的收益卻在倒退。一種可能性是市盈率很低,因爲投資者認爲該公司的收益將像其他所有人一樣很快下降。如果你喜歡這家公司,你希望情況並非如此,這樣你就有可能在它失寵的時候買入一些股票。
See our latest analysis for CSSC (Hong Kong) Shipping
查看我們對CSSC(香港)航運的最新分析
![](https://newsfile.futunn.com/public/NN-PersistNewsContentImage/7781/20240103/0-5281e93dee3525abd4884d0d3c46183a-0-a1051443ebea3675920b0a23635f36e3.png/big)
SEHK:3877 Price to Earnings Ratio vs Industry January 2nd 2024
SEHK: 3877 對比行業的市盈率 2024 年 1 月 2 日
Keen to find out how analysts think CSSC (Hong Kong) Shipping's future stacks up against the industry? In that case, our free report is a great place to start.
想了解分析師如何看待中船(香港)航運的未來與該行業的對立嗎?在這種情況下,我們的免費報告是一個很好的起點。
Is There Any Growth For CSSC (Hong Kong) Shipping?
CSSC(香港)航運有增長嗎?
The only time you'd be truly comfortable seeing a P/E as low as CSSC (Hong Kong) Shipping's is when the company's growth is on track to lag the market.
只有當公司的增長有望落後於市場時,你才能真正放心地看到市盈率低至CSSC(香港)航運的水平。
Taking a look back first, we see that the company grew earnings per share by an impressive 20% last year. The latest three year period has also seen an excellent 103% overall rise in EPS, aided by its short-term performance. Therefore, it's fair to say the earnings growth recently has been superb for the company.
首先回顧一下,我們發現該公司去年的每股收益增長了令人印象深刻的20%。在短期表現的推動下,最近三年期間,每股收益總體增長了103%。因此,可以公平地說,該公司最近的收益增長非常好。
Looking ahead now, EPS is anticipated to climb by 8.0% per year during the coming three years according to the three analysts following the company. That's shaping up to be materially lower than the 16% per annum growth forecast for the broader market.
根據關注該公司的三位分析師的說法,展望未來,預計未來三年每股收益將每年增長8.0%。這將大大低於整個市場預期的16%的年增長率。
With this information, we can see why CSSC (Hong Kong) Shipping is trading at a P/E lower than the market. It seems most investors are expecting to see limited future growth and are only willing to pay a reduced amount for the stock.
有了這些信息,我們可以了解爲什麼中國船舶(香港)航運的市盈率低於市場。看來大多數投資者預計未來增長有限,只願意爲股票支付較少的金額。
What We Can Learn From CSSC (Hong Kong) Shipping's P/E?
我們可以從CSSC(香港)航運的市盈率中學到什麼?
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.
通常,在做出投資決策時,我們會謹慎行事,不要過多地閱讀市盈率,儘管這可以充分揭示其他市場參與者對公司的看法。
We've established that CSSC (Hong Kong) Shipping maintains its low P/E on the weakness of its forecast growth being lower than the wider market, as expected. At this stage investors feel the potential for an improvement in earnings isn't great enough to justify a higher P/E ratio. It's hard to see the share price rising strongly in the near future under these circumstances.
我們已經確定,CSSC(香港)航運維持低市盈率,原因是其預期的增長低於整個市場,其市盈率不如預期。在現階段,投資者認爲,收益改善的可能性不足以證明更高的市盈率是合理的。在這種情況下,很難看到股價在不久的將來強勁上漲。
We don't want to rain on the parade too much, but we did also find 2 warning signs for CSSC (Hong Kong) Shipping (1 is a bit unpleasant!) that you need to be mindful of.
我們不想在遊行隊伍中下太多雨,但我們也發現了 CSSC(香港)航運的 2 個警告標誌(1 個有點不愉快!)你需要注意的。
Of course, you might find a fantastic investment by looking at a few good candidates. So take a peek at this free list of companies with a strong growth track record, trading on a low P/E.
當然,通過尋找一些優秀的候選人,你可能會找到一筆不錯的投資。因此,來看看這份增長記錄強勁、市盈率低的公司的免費名單吧。
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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Simply Wall St 的這篇文章本質上是籠統的。我們僅使用公正的方法提供基於歷史數據和分析師預測的評論,我們的文章並非旨在提供財務建議。它不構成買入或賣出任何股票的建議,也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本數據驅動的長期重點分析。請注意,我們的分析可能不會考慮最新的價格敏感型公司公告或定性材料。華爾街只是沒有持有上述任何股票的頭寸。