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Is Box, Inc. (NYSE:BOX) Potentially Undervalued?

Is Box, Inc. (NYSE:BOX) Potentially Undervalued?

Box, Inc.(紐約證券交易所代碼:BOX)的估值可能被低估了嗎?
Simply Wall St ·  04/16 09:13

Box, Inc. (NYSE:BOX), might not be a large cap stock, but it received a lot of attention from a substantial price movement on the NYSE over the last few months, increasing to US$30.00 at one point, and dropping to the lows of US$24.93. Some share price movements can give investors a better opportunity to enter into the stock, and potentially buy at a lower price. A question to answer is whether Box's current trading price of US$26.27 reflective of the actual value of the mid-cap? Or is it currently undervalued, providing us with the opportunity to buy? Let's take a look at Box's outlook and value based on the most recent financial data to see if there are any catalysts for a price change.

Box, Inc.(紐約證券交易所代碼:BOX)可能不是大盤股,但由於紐約證券交易所在過去幾個月的大幅價格波動,它受到了廣泛關注,一度漲至30.00美元,跌至24.93美元的低點。一些股價走勢可以爲投資者提供更好的入股機會,並有可能以較低的價格買入。需要回答的問題是,Box目前的26.27美元交易價格是否反映了中型股的實際價值?還是它目前的估值被低估了,爲我們提供了買入的機會?讓我們根據最新的財務數據來看看Box的前景和價值,看看是否有任何價格變動的催化劑。

What's The Opportunity In Box?

盒子裏有哪些機會?

According to our price multiple model, which makes a comparison between the company's price-to-earnings ratio and the industry average, the stock price seems to be justfied. We've used the price-to-earnings ratio in this instance because there's not enough visibility to forecast its cash flows. The stock's ratio of 38.25x is currently trading slightly below its industry peers' ratio of 41.1x, which means if you buy Box today, you'd be paying a reasonable price for it. And if you believe Box should be trading in this range, then there isn't much room for the share price to grow beyond the levels of other industry peers over the long-term. Furthermore, it seems like Box's share price is quite stable, which means there may be less chances to buy low in the future now that it's priced similarly to industry peers. This is because the stock is less volatile than the wider market given its low beta.

根據我們的價格倍數模型,該模型將公司的市盈率與行業平均水平進行了比較,股價似乎是合理的。我們在這個例子中使用市盈率是因爲沒有足夠的可見性來預測其現金流。該股票的比率爲38.25倍,目前的交易價格略低於其行業同行41.1倍的比率,這意味着如果您今天購買Box,您將爲此支付合理的價格。而且,如果你認爲Box應該在這個區間內交易,那麼從長遠來看,股價的增長空間不大超過其他行業同行的水平。此外,Box的股價似乎相當穩定,這意味着既然它的定價與業內同行類似,將來低價買入的機會可能會減少。這是因爲鑑於其低貝塔值,該股票的波動性小於整個市場。

What kind of growth will Box generate?

Box 會帶來什麼樣的增長?

earnings-and-revenue-growth
NYSE:BOX Earnings and Revenue Growth April 16th 2024
紐約證券交易所:BOX 收益和收入增長 2024 年 4 月 16 日

Future outlook is an important aspect when you're looking at buying a stock, especially if you are an investor looking for growth in your portfolio. Although value investors would argue that it's the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price. However, with a negative profit growth of -6.2% expected over the next couple of years, near-term growth certainly doesn't appear to be a driver for a buy decision for Box. This certainty tips the risk-return scale towards higher risk.

當你考慮買入股票時,未來前景是一個重要的方面,特別是如果你是尋求投資組合增長的投資者。儘管價值投資者會爭辯說,最重要的是相對於價格的內在價值,但更有說服力的投資論點是以低廉的價格獲得高增長潛力。但是,預計未來幾年利潤將出現負增長-6.2%,因此短期增長顯然不是Box做出買入決定的驅動力。這種確定性使風險回報規模朝着更高的風險方向發展。

What This Means For You

這對你意味着什麼

Are you a shareholder? Currently, BOX appears to be trading around industry price multiples, but given the uncertainty from negative returns in the future, this could be the right time to de-risk your portfolio. Is your current exposure to the stock beneficial for your total portfolio? And is the opportunity cost of holding a negative-outlook stock too high? Before you make a decision on BOX, take a look at whether its fundamentals have changed.

你是股東嗎?目前,BOX似乎圍繞行業價格倍數進行交易,但鑑於未來負回報帶來的不確定性,現在可能是降低投資組合風險的合適時機。您目前的股票敞口對您的整體投資組合有益嗎?持有負面展望股票的機會成本是否過高?在你對BOX做出決定之前,先看看它的基本面是否發生了變化。

Are you a potential investor? If you've been keeping tabs on BOX for a while, now may not be the most advantageous time to buy, given it is trading around industry price multiples. This means there's less benefit from mispricing. Furthermore, the negative growth outlook increases the risk of holding the stock. However, there are also other important factors we haven't considered today, which can help gel your views on BOX should the price fluctuate below the industry PE ratio.

你是潛在的投資者嗎?如果你關注BOX已有一段時間了,鑑於它的交易價格是圍繞行業價格倍數進行的,那麼現在可能不是最有利的買入時機。這意味着錯誤定價帶來的好處較少。此外,負增長前景增加了持有股票的風險。但是,我們今天還沒有考慮其他重要因素,如果價格波動低於行業市盈率,這些因素可以幫助你凝聚對BOX的看法。

If you want to dive deeper into Box, you'd also look into what risks it is currently facing. While conducting our analysis, we found that Box has 1 warning sign and it would be unwise to ignore it.

如果你想更深入地研究 Box,你還需要研究它目前面臨的風險。在進行分析時,我們發現 Box 有 1 個警告標誌,因此忽略它是不明智的。

If you are no longer interested in Box, you can use our free platform to see our list of over 50 other stocks with a high growth potential.

如果您不再對Box感興趣,可以使用我們的免費平台查看我們列出的其他50多隻具有高增長潛力的股票清單。

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.

對這篇文章有反饋嗎?對內容感到擔憂?直接聯繫我們。 或者,給編輯團隊 (at) simplywallst.com 發送電子郵件。
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根據歷史數據和分析師的預測提供評論,我們的文章無意作爲財務建議。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,我們的分析可能不考慮最新的價格敏感型公司公告或定性材料。簡而言之,華爾街沒有持有任何上述股票的頭寸。

声明:本內容僅用作提供資訊及教育之目的,不構成對任何特定投資或投資策略的推薦或認可。 更多信息
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