Veeko International Holdings Limited (HKG:1173) shares have had a horrible month, losing 31% after a relatively good period beforehand. The drop over the last 30 days has capped off a tough year for shareholders, with the share price down 15% in that time.
In spite of the heavy fall in price, it's still not a stretch to say that Veeko International Holdings' price-to-sales (or "P/S") ratio of 0.2x right now seems quite "middle-of-the-road" compared to the Specialty Retail industry in Hong Kong, where the median P/S ratio is around 0.4x. While this might not raise any eyebrows, if the P/S ratio is not justified investors could be missing out on a potential opportunity or ignoring looming disappointment.
SEHK:1173 Price to Sales Ratio vs Industry August 2nd 2024
What Does Veeko International Holdings' Recent Performance Look Like?
Revenue has risen firmly for Veeko International Holdings recently, which is pleasing to see. Perhaps the market is expecting future revenue performance to only keep up with the broader industry, which has keeping the P/S in line with expectations. Those who are bullish on Veeko International Holdings will be hoping that this isn't the case, so that they can pick up the stock at a lower valuation.
Although there are no analyst estimates available for Veeko International Holdings, take a look at this free data-rich visualisation to see how the company stacks up on earnings, revenue and cash flow.
Is There Some Revenue Growth Forecasted For Veeko International Holdings?
In order to justify its P/S ratio, Veeko International Holdings would need to produce growth that's similar to the industry.
If we review the last year of revenue growth, the company posted a terrific increase of 24%. The latest three year period has also seen a 13% overall rise in revenue, aided extensively by its short-term performance. Therefore, it's fair to say the revenue growth recently has been respectable for the company.
Comparing the recent medium-term revenue trends against the industry's one-year growth forecast of 13% shows it's noticeably less attractive.
With this information, we find it interesting that Veeko International Holdings is trading at a fairly similar P/S compared to the industry. 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/S falls to levels more in line with recent growth rates.
What We Can Learn From Veeko International Holdings' P/S?
Veeko International Holdings' plummeting stock price has brought its P/S back to a similar region as the rest of the industry. Generally, our preference is to limit the use of the price-to-sales ratio to establishing what the market thinks about the overall health of a company.
We've established that Veeko International Holdings' average P/S is a bit surprising since its recent three-year growth is lower than the wider industry forecast. When we see weak revenue with slower than industry growth, we suspect the share price is at risk of declining, bringing the P/S back in line with expectations. If recent medium-term revenue trends continue, the probability of a share price decline will become quite substantial, placing shareholders at risk.
There are also other vital risk factors to consider before investing and we've discovered 2 warning signs for Veeko International Holdings that you should be aware of.
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.
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Veeko International Holdings Limited (HKG:1173)的股价在前期表现相对良好之后,过去一个月的下跌使其股价下跌31%。 这一30天的跌幅,为股东带来了艰难的一年,股价下跌了15%。
尽管价格大幅下跌,但相对于香港专业零售行业中位市销率约为0.4x的情况,Veeko International Holdings的市销率(或“P / S”)比率为0.2x,现在似乎相当“中庸”。 尽管这可能不会引起任何人的关注,但如果市销率没有得到证明,投资者可能会错过潜在机会或忽略即将到来的失望。
SEHK:1173市销率与行业板块2024年8月2日相比
Veeko International Holdings的最近表现如何?
Veeko International Holdings的营业收入最近有大幅增长,这令人高兴。也许市场预期未来营收表现只能跟上整个行业,从而使市销率符合预期。看好Veeko International Holdings的投资者将希望情况不是这样,这样他们就可以以更低的估值买入股票。
尽管没有Veeko International Holdings的分析师预测数据,但可以查看这个免费的数据丰富的可视化图表,以了解该公司的收入、营收和现金流情况。
Veeko International Holdings的营收增长预测如何?
为了证明其市销率,Veeko International Holdings需要实现与行业相似的增长。
如果我们回顾过去一年的营收增长情况,该公司的营收大幅增长了24%。最近三年的营收总体上也增长了13%,其短期表现得到了广泛的支持。因此,可以说该公司最近的营收增长是可观的。根据这些信息,我们发现Veeko International Holdings的市销率与行业板块相当。似乎大多数投资者忽视了最近的有限增长率,愿意支付高昂的代价来接触该股票。如果市销率下降到与最近增长率相符的水平,他们可能会给自己设定未来失望的风险。
将近中期的营收趋势与行业的一年增长预测13%相比,显然不太具有吸引力。
结合这些信息,我们发现Veeko International Holdings的市销率与行业相当。大多数投资者似乎忽略了最近有限的增长率,并愿意付出代价,以接触该股票。如果市销率下滑到与最近增长率相符的水平,他们可能会遭受未来的失望,从而将自己置于风险中。
我们可以从Veeko International Holdings的市销率中学到什么?
Veeko International Holdings的股价大幅下跌,将其市销率带回了与其他行业板块相似的区域。 通常,我们倾向于将市销率的使用限制为了解市场对公司整体状况的看法。
我们已经确定Veeko International Holdings的平均市销率有些令人惊讶,因为它最近三年的增长低于行业整体预测。 当我们看到收入疲软且增长速度小于行业增长时,我们认为股价面临下降的风险,将市销率带回预期。如果最近的中期营收趋势继续下去,则股价下跌的概率将相当大,这将使股东面临风险。
在进行投资之前,还需考虑其他重要的风险因素,我们已发现Veeko International Holdings的2个警告信号需要注意。