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CircuTech International Holdings Limited's (HKG:8051) Shares Climb 26% But Its Business Is Yet to Catch Up
CircuTech International Holdings Limited's (HKG:8051) Shares Climb 26% But Its Business Is Yet to Catch Up
CircuTech International Holdings Limited (HKG:8051) shareholders are no doubt pleased to see that the share price has bounced 26% in the last month, although it is still struggling to make up recently lost ground. Unfortunately, the gains of the last month did little to right the losses of the last year with the stock still down 30% over that time.
After such a large jump in price, given close to half the companies in Hong Kong have price-to-earnings ratios (or "P/E's") below 8x, you may consider CircuTech International Holdings as a stock to avoid entirely with its 34.2x P/E ratio. 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 CircuTech International Holdings 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 CircuTech International Holdings
SEHK:8051 Price Based on Past Earnings June 6th 2022 We don't have analyst forecasts, but you can see how recent trends are setting up the company for the future by checking out our free report on CircuTech International Holdings' earnings, revenue and cash flow.Does Growth Match The High P/E?
The only time you'd be truly comfortable seeing a P/E as steep as CircuTech International Holdings' is when the company's growth is on track to outshine the market decidedly.
If we review the last year of earnings, dishearteningly the company's profits fell to the tune of 62%. At least EPS has managed not to go completely backwards from three years ago in aggregate, thanks to the earlier period of growth. Accordingly, shareholders probably wouldn't have been overly satisfied with the unstable medium-term growth rates.
Comparing that to the market, which is predicted to deliver 17% growth in the next 12 months, the company's momentum is weaker based on recent medium-term annualised earnings results.
With this information, we find it concerning that CircuTech International Holdings 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.
The Bottom Line On CircuTech International Holdings' P/E
CircuTech International Holdings' P/E is flying high just like its stock has during the last month. While the price-to-earnings ratio shouldn't be the defining factor in whether you buy a stock or not, it's quite a capable barometer of earnings expectations.
Our examination of CircuTech International Holdings 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. When we see weak earnings with slower than market growth, we suspect the share price is at risk of declining, sending the high P/E lower. Unless the recent medium-term conditions improve markedly, it's very challenging to accept these prices as being reasonable.
Before you settle on your opinion, we've discovered 2 warning signs for CircuTech International Holdings that you should be aware of.
It's important to make sure you look for a great company, not just the first idea you come across. So take a peek at this free list of interesting companies with strong recent earnings growth (and a P/E ratio below 20x).
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.
CircuTech International Holdings Limited (HKG:8051) shareholders are no doubt pleased to see that the share price has bounced 26% in the last month, although it is still struggling to make up recently lost ground. Unfortunately, the gains of the last month did little to right the losses of the last year with the stock still down 30% over that time.
电路科技国际控股有限公司(HKG:8051)股东无疑很高兴看到股价在过去一个月里反弹了26%,尽管它仍然在努力收复最近的失地。不幸的是,上个月的收益几乎没有弥补去年的损失,在此期间,该股仍下跌了30%。
After such a large jump in price, given close to half the companies in Hong Kong have price-to-earnings ratios (or "P/E's") below 8x, you may consider CircuTech International Holdings as a stock to avoid entirely with its 34.2x P/E ratio. However, the P/E might be quite high for a reason and it requires further investigation to determine if it's justified.
在股价如此大幅上涨后,鉴于香港近一半的公司的市盈率(P/E)低于8倍,你可能会考虑将电路科技国际控股公司作为一只股票,完全避免其34.2倍的市盈率。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 CircuTech International Holdings 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,电路技术国际控股公司的收益在过去一年里一直在恶化,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 CircuTech International Holdings
查看我们对电路科技国际控股公司的最新分析
Does Growth Match The High P/E?
增长是否与高市盈率相匹配?
The only time you'd be truly comfortable seeing a P/E as steep as CircuTech International Holdings' is when the company's growth is on track to outshine the market decidedly.
只有当电路科技国际控股公司的增长明显超过市场时,你才会真正放心地看到电路科技国际控股公司的市盈率如此之高。
If we review the last year of earnings, dishearteningly the company's profits fell to the tune of 62%. At least EPS has managed not to go completely backwards from three years ago in aggregate, thanks to the earlier period of growth. Accordingly, shareholders probably wouldn't have been overly satisfied with the unstable medium-term growth rates.
如果我们回顾过去一年的收益,令人沮丧的是,该公司的利润下降了62%。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,股东们可能不会对不稳定的中期增长率过于满意。
Comparing that to the market, which is predicted to deliver 17% growth in the next 12 months, the company's momentum is weaker based on recent medium-term annualised earnings results.
与预计未来12个月将实现17%增长的市场相比,根据最近的中期年化收益结果,该公司的增长势头较弱。
With this information, we find it concerning that CircuTech International Holdings 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.
有了这些信息,我们发现电路技术国际控股公司的市盈率高于市场。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。
The Bottom Line On CircuTech International Holdings' P/E
电路科技国际控股公司市盈率的底线
CircuTech International Holdings' P/E is flying high just like its stock has during the last month. While the price-to-earnings ratio shouldn't be the defining factor in whether you buy a stock or not, it's quite a capable barometer of earnings expectations.
电路技术国际控股公司的市盈率正在飙升,就像它的股票在过去一个月里一样。虽然市盈率不应该是你是否买入一只股票的决定性因素,但它是一个很好的盈利预期晴雨表。
Our examination of CircuTech International Holdings 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. When we see weak earnings with slower than market growth, we suspect the share price is at risk of declining, sending the high P/E lower. Unless the recent medium-term conditions improve markedly, it's very challenging to accept these prices as being reasonable.
我们对电路科技国际控股公司的调查显示,该公司三年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。当我们看到盈利疲软、增长慢于市场增长时,我们怀疑股价有下跌的风险,导致高市盈率下降。除非最近的中期状况明显改善,否则要接受这些价格是合理的是非常具有挑战性的。
Before you settle on your opinion, we've discovered 2 warning signs for CircuTech International Holdings that you should be aware of.
在你决定你的观点之前,我们发现电路科技国际控股公司的2个警告标志这一点你应该知道。
It's important to make sure you look for a great company, not just the first idea you come across. So take a peek at this free list of interesting companies with strong recent earnings growth (and a P/E ratio below 20x).
重要的是确保你寻找的是一家伟大的公司,而不仅仅是你遇到的第一个想法。所以让我们来看看这个免费近期盈利增长强劲(市盈率低于20倍)的有趣公司名单。
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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