
- 要闻
- 廉价搭乘吉祥航空有限公司(SHSE: 603885)可能很困难
Getting In Cheap On Juneyao Airlines Co., Ltd (SHSE:603885) Might Be Difficult
Getting In Cheap On Juneyao Airlines Co., Ltd (SHSE:603885) Might Be Difficult
When close to half the companies in the Airlines industry in China have price-to-sales ratios (or "P/S") below 0.9x, you may consider Juneyao Airlines Co., Ltd (SHSE:603885) as a stock to potentially avoid with its 1.5x P/S ratio. Nonetheless, we'd need to dig a little deeper to determine if there is a rational basis for the elevated P/S.

How Has Juneyao Airlines Performed Recently?
With revenue growth that's superior to most other companies of late, Juneyao Airlines has been doing relatively well. The P/S is probably high because investors think this strong revenue performance will continue. You'd really hope so, otherwise you're paying a pretty hefty price for no particular reason.
Want the full picture on analyst estimates for the company? Then our free report on Juneyao Airlines will help you uncover what's on the horizon.What Are Revenue Growth Metrics Telling Us About The High P/S?
In order to justify its P/S ratio, Juneyao Airlines would need to produce impressive growth in excess of the industry.
Retrospectively, the last year delivered an exceptional 93% gain to the company's top line. The strong recent performance means it was also able to grow revenue by 61% in total over the last three years. So we can start by confirming that the company has done a great job of growing revenue over that time.
Looking ahead now, revenue is anticipated to climb by 35% during the coming year according to the analysts following the company. Meanwhile, the rest of the industry is forecast to only expand by 24%, which is noticeably less attractive.
In light of this, it's understandable that Juneyao Airlines' P/S sits above the majority of other companies. It seems most investors are expecting this strong future growth and are willing to pay more for the stock.
The Final Word
While the price-to-sales ratio shouldn't be the defining factor in whether you buy a stock or not, it's quite a capable barometer of revenue expectations.
As we suspected, our examination of Juneyao Airlines' analyst forecasts revealed that its superior revenue outlook is contributing to its high P/S. At this stage investors feel the potential for a deterioration in revenues is quite remote, justifying the elevated P/S ratio. It's hard to see the share price falling strongly in the near future under these circumstances.
There are also other vital risk factors to consider before investing and we've discovered 1 warning sign for Juneyao Airlines that you should be aware of.
If companies with solid past earnings growth is up your alley, you may wish to see this free collection of other companies with strong earnings growth and low P/E ratios.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.
当中国航空业将近一半的公司的市销率(或 “市销率”)低于0.9倍时,你可以考虑吉祥航空有限公司(SHSE: 603885)作为股票,其市销率为1.5倍,可能会避免。但是,我们需要更深入地挖掘,以确定市销率上升是否有合理的基础。

吉祥航空最近的表现如何?
吉祥航空最近的收入增长优于大多数其他公司,因此表现相对较好。市销率可能很高,因为投资者认为这种强劲的收入表现将继续下去。你真的希望如此,否则你会无缘无故地付出相当大的代价。
想全面了解分析师对公司的估计吗?然后,我们关于吉祥航空的免费报告将帮助您发现即将发生的事情。关于高市盈率,收入增长指标告诉我们什么?
为了证明其市销率是合理的,吉祥航空需要在超过该行业的情况下实现可观的增长。
回顾过去,去年的公司收入实现了93%的惊人增长。最近的强劲表现意味着它在过去三年中总收入增长了61%。因此,我们可以首先确认该公司在这段时间内在增加收入方面做得很好。
根据关注该公司的分析师的说法,展望未来,来年收入预计将增长35%。同时,预计该行业的其余部分将仅增长24%,其吸引力明显降低。
有鉴于此,吉祥航空的市销率高于其他多数公司是可以理解的。看来大多数投资者都在期待这种强劲的未来增长,并愿意为该股支付更多费用。
最后一句话
虽然市销比不应该是决定你是否买入股票的决定性因素,但它是衡量收入预期的有力晴雨表。
正如我们所怀疑的那样,我们对吉祥航空分析师预测的审查显示,其优异的收入前景是其高市销率的原因。在现阶段,投资者认为收入恶化的可能性微乎其微,这证明市盈率上升是合理的。在这种情况下,很难看到股价在不久的将来会强劲下跌。
在投资之前,还有其他重要的风险因素需要考虑,我们发现了吉祥航空的一个警告信号,你应该注意这一点。
如果过去盈利增长稳健的公司处于困境,那么你可能希望看到这些盈利增长强劲、市盈率低的其他公司的免费集合。
对这篇文章有反馈吗?对内容感到担忧?直接联系我们。 或者,给编辑团队 (at) simplywallst.com 发送电子邮件。
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,也没有考虑到您的目标或财务状况。我们的目标是为您提供由基本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型公司公告或定性材料。简而言之,华尔街没有持有任何上述股票的头寸。
moomoo是Moomoo Technologies Inc.公司提供的金融信息和交易应用程序。
在美国,moomoo上的投资产品和服务由Moomoo Financial Inc.提供,一家受美国证券交易委员会(SEC)监管的持牌主体。 Moomoo Financial Inc.是金融业监管局(FINRA)和证券投资者保护公司(SIPC)的成员。
在新加坡,moomoo上的投资产品和服务是通过Moomoo Financial Singapore Pte. Ltd.提供,该公司受新加坡金融管理局(MAS)监管(牌照号码︰CMS101000) ,持有资本市场服务牌照 (CMS) ,持有财务顾问豁免(Exempt Financial Adviser)资质。本内容未经新加坡金融管理局的审查。
在澳大利亚,moomoo上的金融产品和服务是通过Moomoo Securities Australia Limited提供,该公司是受澳大利亚证券和投资委员会(ASIC)监管的澳大利亚金融服务许可机构(AFSL No. 224663)。请阅读并理解我们的《金融服务指南》、《条款与条件》、《隐私政策》和其他披露文件,这些文件可在我们的网站 https://www.moomoo.com/au中获取。
在加拿大,通过moomoo应用提供的仅限订单执行的券商服务由Moomoo Financial Canada Inc.提供,并受加拿大投资监管机构(CIRO)监管。
在马来西亚,moomoo上的投资产品和服务是通过Moomoo Securities Malaysia Sdn. Bhd. 提供,该公司受马来西亚证券监督委员会(SC)监管(牌照号码︰eCMSL/A0397/2024) ,持有资本市场服务牌照 (CMSL) 。本内容未经马来西亚证券监督委员会的审查。
Moomoo Technologies Inc., Moomoo Financial Inc., Moomoo Financial Singapore Pte. Ltd., Moomoo Securities Australia Limited, Moomoo Financial Canada Inc.,和Moomoo Securities Malaysia Sdn. Bhd.是关联公司。
风险及免责提示
moomoo是Moomoo Technologies Inc.公司提供的金融信息和交易应用程序。
在美国,moomoo上的投资产品和服务由Moomoo Financial Inc.提供,一家受美国证券交易委员会(SEC)监管的持牌主体。 Moomoo Financial Inc.是金融业监管局(FINRA)和证券投资者保护公司(SIPC)的成员。
在新加坡,moomoo上的投资产品和服务是通过Moomoo Financial Singapore Pte. Ltd.提供,该公司受新加坡金融管理局(MAS)监管(牌照号码︰CMS101000) ,持有资本市场服务牌照 (CMS) ,持有财务顾问豁免(Exempt Financial Adviser)资质。本内容未经新加坡金融管理局的审查。
在澳大利亚,moomoo上的金融产品和服务是通过Moomoo Securities Australia Limited提供,该公司是受澳大利亚证券和投资委员会(ASIC)监管的澳大利亚金融服务许可机构(AFSL No. 224663)。请阅读并理解我们的《金融服务指南》、《条款与条件》、《隐私政策》和其他披露文件,这些文件可在我们的网站 https://www.moomoo.com/au中获取。
在加拿大,通过moomoo应用提供的仅限订单执行的券商服务由Moomoo Financial Canada Inc.提供,并受加拿大投资监管机构(CIRO)监管。
在马来西亚,moomoo上的投资产品和服务是通过Moomoo Securities Malaysia Sdn. Bhd. 提供,该公司受马来西亚证券监督委员会(SC)监管(牌照号码︰eCMSL/A0397/2024) ,持有资本市场服务牌照 (CMSL) 。本内容未经马来西亚证券监督委员会的审查。
Moomoo Technologies Inc., Moomoo Financial Inc., Moomoo Financial Singapore Pte. Ltd., Moomoo Securities Australia Limited, Moomoo Financial Canada Inc.,和Moomoo Securities Malaysia Sdn. Bhd.是关联公司。
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