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Some Confidence Is Lacking In Sinomax Group Limited (HKG:1418) As Shares Slide 26%
Some Confidence Is Lacking In Sinomax Group Limited (HKG:1418) As Shares Slide 26%
Sinomax Group Limited (HKG:1418) shareholders won't be pleased to see that the share price has had a very rough month, dropping 26% and undoing the prior period's positive performance. Indeed, the recent drop has reduced its annual gain to a relatively sedate 2.6% over the last twelve months.
Although its price has dipped substantially, Sinomax Group's price-to-earnings (or "P/E") ratio of 18.2x might still make it look like a strong sell right now compared to the market in Hong Kong, where around half of the companies have P/E ratios below 9x and even P/E's below 5x are quite common. However, the P/E might be quite high for a reason and it requires further investigation to determine if it's justified.
As an illustration, earnings have deteriorated at Sinomax Group over the last year, which is not ideal at all. One possibility is that the P/E is high because investors think the company will still do enough to outperform the broader market in the near future. If not, then existing shareholders may be quite nervous about the viability of the share price.
Check out our latest analysis for Sinomax Group
SEHK:1418 Price Based on Past Earnings May 9th 2022 Although there are no analyst estimates available for Sinomax Group, take a look at this free data-rich visualisation to see how the company stacks up on earnings, revenue and cash flow.How Is Sinomax Group's Growth Trending?
The only time you'd be truly comfortable seeing a P/E as steep as Sinomax Group's is when the company's growth is on track to outshine the market decidedly.
Taking a look back first, the company's earnings per share growth last year wasn't something to get excited about as it posted a disappointing decline of 74%. At least EPS has managed not to go completely backwards from three years ago in aggregate, thanks to the earlier period of growth. Therefore, it's fair to say that earnings growth has been inconsistent recently for the company.
Weighing that recent medium-term earnings trajectory against the broader market's one-year forecast for expansion of 17% shows it's noticeably less attractive on an annualised basis.
With this information, we find it concerning that Sinomax Group is trading at a P/E higher than the market. Apparently many investors in the company are way more bullish than recent times would indicate and aren't willing to let go of their stock at any price. Only the boldest would assume these prices are sustainable as a continuation of recent earnings trends is likely to weigh heavily on the share price eventually.
What We Can Learn From Sinomax Group's P/E?
A significant share price dive has done very little to deflate Sinomax Group's very lofty P/E. It's argued the price-to-earnings ratio is an inferior measure of value within certain industries, but it can be a powerful business sentiment indicator.
Our examination of Sinomax Group revealed its three-year earnings trends aren't impacting its high P/E anywhere near as much as we would have predicted, given they look worse than current market expectations. Right now we are increasingly uncomfortable with the high P/E as this earnings performance isn't likely to support such positive sentiment for long. If recent medium-term earnings trends continue, it will place shareholders' investments at significant risk and potential investors in danger of paying an excessive premium.
And what about other risks? Every company has them, and we've spotted 4 warning signs for Sinomax Group (of which 1 doesn't sit too well with us!) you should know about.
Of course, you might also be able to find a better stock than Sinomax Group. So you may wish to see this free collection of other companies that sit on P/E's below 20x and have grown earnings strongly.
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.
Sinomax Group Limited (HKG:1418) shareholders won't be pleased to see that the share price has had a very rough month, dropping 26% and undoing the prior period's positive performance. Indeed, the recent drop has reduced its annual gain to a relatively sedate 2.6% over the last twelve months.
Sinomax集团有限公司(HKG:1418)股东不会高兴看到股价经历了非常艰难的一个月,下跌了26%,抹去了前一段时间的积极表现。事实上,最近的下跌使其在过去12个月的年涨幅降至相对平稳的2.6%。
Although its price has dipped substantially, Sinomax Group's price-to-earnings (or "P/E") ratio of 18.2x might still make it look like a strong sell right now compared to the market in Hong Kong, where around half of the companies have P/E ratios below 9x and even P/E's below 5x are quite common. However, the P/E might be quite high for a reason and it requires further investigation to determine if it's justified.
尽管股价大幅下跌,但Sinomax Group 18.2倍的市盈率(P/E)仍可能使其目前看起来是一个强劲的卖盘。在香港,大约一半的公司的市盈率低于9倍,甚至市盈率低于5倍的情况也很常见。然而,市盈率可能相当高是有原因的,需要进一步调查才能确定它是否合理。
As an illustration, earnings have deteriorated at Sinomax Group over the last year, which is not ideal at all. One possibility is that the P/E is high because investors think the company will still do enough to outperform the broader market in the near future. If not, then existing shareholders may be quite nervous about the viability of the share price.
举例来说,Sinomax集团过去一年的收益一直在恶化,这根本不是理想的情况。一种可能性是,市盈率很高,因为投资者认为该公司在不久的将来仍将采取足够的措施来跑赢大盘。如果不是,那么现有股东可能会对股价的生存能力感到相当紧张。
Check out our latest analysis for Sinomax Group
查看我们对Sinomax集团的最新分析
How Is Sinomax Group's Growth Trending?
Sinomax集团的增长趋势如何?
The only time you'd be truly comfortable seeing a P/E as steep as Sinomax Group's is when the company's growth is on track to outshine the market decidedly.
看到Sinomax Group这样高的市盈率,你唯一会真正感到放心的时候,就是该公司的增长有望明显超过市场的时候。
Taking a look back first, the company's earnings per share growth last year wasn't something to get excited about as it posted a disappointing decline of 74%. At least EPS has managed not to go completely backwards from three years ago in aggregate, thanks to the earlier period of growth. Therefore, it's fair to say that earnings growth has been inconsistent recently for the company.
首先回顾一下,该公司去年的每股收益增长并不令人兴奋,因为它公布了令人失望的74%的降幅。至少,由于早期的增长,每股收益总体上没有从三年前完全倒退。因此,公平地说,该公司最近的收益增长一直不一致。
Weighing that recent medium-term earnings trajectory against the broader market's one-year forecast for expansion of 17% shows it's noticeably less attractive on an annualised basis.
将最近的中期收益轨迹与大盘一年增长17%的预测进行比较,结果显示,按年率计算,它的吸引力明显下降。
With this information, we find it concerning that Sinomax Group is trading at a P/E higher than the market. Apparently many investors in the company are way more bullish than recent times would indicate and aren't willing to let go of their stock at any price. Only the boldest would assume these prices are sustainable as a continuation of recent earnings trends is likely to weigh heavily on the share price eventually.
根据这些信息,我们发现Sinomax集团的市盈率高于市场。显然,该公司的许多投资者比最近的情况所显示的要乐观得多,不愿以任何价格抛售他们的股票。只有最大胆的人才会认为这些价格是可持续的,因为最近盈利趋势的延续最终可能会对股价造成沉重压力。
What We Can Learn From Sinomax Group's P/E?
我们可以从Sinomax集团的市盈率中学到什么?
A significant share price dive has done very little to deflate Sinomax Group's very lofty P/E. It's argued the price-to-earnings ratio is an inferior measure of value within certain industries, but it can be a powerful business sentiment indicator.
股价的大幅下跌对Sinomax Group非常高的市盈率几乎没有起到什么作用。有人认为,在某些行业,市盈率是衡量价值的次要指标,但它可以成为一个强大的商业信心指标。
Our examination of Sinomax Group revealed its three-year earnings trends aren't impacting its high P/E anywhere near as much as we would have predicted, given they look worse than current market expectations. Right now we are increasingly uncomfortable with the high P/E as this earnings performance isn't likely to support such positive sentiment for long. If recent medium-term earnings trends continue, it will place shareholders' investments at significant risk and potential investors in danger of paying an excessive premium.
我们对Sinomax Group的调查显示,该集团三年来的盈利趋势对其高市盈率的影响并不像我们预期的那么大,因为它们看起来比目前的市场预期更糟糕。目前,我们对高市盈率越来越感到不安,因为这种盈利表现不太可能长期支撑这种积极情绪。如果近期的中期盈利趋势持续下去,将使股东的投资面临重大风险,潜在投资者面临支付过高溢价的危险。
And what about other risks? Every company has them, and we've spotted 4 warning signs for Sinomax Group (of which 1 doesn't sit too well with us!) you should know about.
还有其他风险呢?每家公司都有它们,我们发现了Sinomax集团的4个警告标志(其中1个不太适合我们!)你应该知道。
Of course, you might also be able to find a better stock than Sinomax Group. So you may wish to see this free collection of other companies that sit on P/E's below 20x and have grown earnings strongly.
当然了,你也许还能找到比Sinomax Group更好的股票。所以你可能想看看这个免费市盈率低于20倍、盈利增长强劲的其他公司的集合。
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.
对这篇文章有什么反馈吗?担心内容吗?保持联系直接与我们联系。或者,也可以给编辑组发电子邮件,地址是implywallst.com。
本文由Simply Wall St.撰写,具有概括性。我们仅使用不偏不倚的方法提供基于历史数据和分析师预测的评论,我们的文章并不打算作为财务建议。它不构成买卖任何股票的建议,也没有考虑你的目标或你的财务状况。我们的目标是为您带来由基本面数据驱动的长期重点分析。请注意,我们的分析可能不会将最新的对价格敏感的公司公告或定性材料考虑在内。Simply Wall St.对上述任何一只股票都没有持仓。
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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Futu Securities (Australia) Ltd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., Futu Securities (Australia) Ltd, Moomoo Financial Canada Inc.,和Moomoo Securities Malaysia Sdn. Bhd.是关联公司。
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