MOG Holdings Limited (HKG:1942) shares have continued their recent momentum with a 35% gain in the last month alone. The annual gain comes to 147% following the latest surge, making investors sit up and take notice.
Following the firm bounce in price, MOG Holdings may be sending very bearish signals at the moment with a price-to-earnings (or "P/E") ratio of 66.4x, since almost half of all companies in Hong Kong have P/E ratios under 8x and even P/E's lower than 4x are not unusual. Although, it's not wise to just take the P/E at face value as there may be an explanation why it's so lofty.
It looks like earnings growth has deserted MOG Holdings recently, which is not something to boast about. It might be that many are expecting an improvement to the uninspiring earnings performance over the coming period, which has kept the P/E from collapsing. If not, then existing shareholders may be a little nervous about the viability of the share price.
See our latest analysis for MOG Holdings
SEHK:1942 Price Based on Past Earnings August 23rd 2022 Although there are no analyst estimates available for MOG Holdings, take a look at this
free data-rich visualisation to see how the company stacks up on earnings, revenue and cash flow.
Does Growth Match The High P/E?
MOG Holdings' P/E ratio would be typical for a company that's expected to deliver very strong growth, and importantly, perform much better than the market.
Retrospectively, the last year delivered virtually the same number to the company's bottom line as the year before. The lack of growth did nothing to help the company's aggregate three-year performance, which is an unsavory 63% drop in EPS. Therefore, it's fair to say the earnings growth recently has been undesirable for the company.
Comparing that to the market, which is predicted to deliver 15% growth in the next 12 months, the company's downward momentum based on recent medium-term earnings results is a sobering picture.
In light of this, it's alarming that MOG Holdings' P/E sits above the majority of other companies. It seems most investors are ignoring the recent poor growth rate and are hoping for a turnaround in the company's business prospects. There's a very good chance existing shareholders are setting themselves up for future disappointment if the P/E falls to levels more in line with the recent negative growth rates.
The Bottom Line On MOG Holdings' P/E
The strong share price surge has got MOG Holdings' P/E rushing to great heights as well. Typically, we'd caution against reading too much into price-to-earnings ratios when settling on investment decisions, though it can reveal plenty about what other market participants think about the company.
We've established that MOG Holdings currently trades on a much higher than expected P/E since its recent earnings have been in decline over the medium-term. When we see earnings heading backwards and underperforming the market forecasts, 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.
Plus, you should also learn about these 3 warning signs we've spotted with MOG Holdings (including 1 which is potentially serious).
If you're unsure about the strength of MOG Holdings' business, why not explore our interactive list of stocks with solid business fundamentals for some other companies you may have missed.
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莫格控股有限公司(HKG:1942)仅在过去一个月,股价就延续了近期的势头,上涨了35%。在最近的飙升之后,这一年涨幅达到了147%,这引起了投资者的关注。
随着股价的强劲反弹,MOG Holdings目前可能发出了非常悲观的信号,市盈率(P/E)为66.4倍,因为香港近一半的公司的市盈率低于8倍,即使市盈率低于4倍也并不罕见。然而,仅仅从表面上看待市盈率是不明智的,因为可能会有一个解释,为什么它如此之高。
最近,盈利增长似乎抛弃了MOG控股,这并不是什么值得吹嘘的事情。这可能是因为许多人预计未来一段时间平淡无奇的盈利表现会有所改善,这使得市盈率不会崩溃。如果不是,那么现有股东可能会对股价的生存能力感到有点紧张。
查看我们对MOG控股的最新分析
联交所:1942基于过去收益的价格2022年8月23日虽然没有分析师对MOG Holdings的估计,但看看这个
免费丰富的数据可视化,看看公司的收益、收入和现金流是如何堆积的。
增长是否与高市盈率相匹配?
对于一家预计将实现非常强劲增长的公司来说,Mog Holdings的市盈率将是典型的,而且重要的是,它的表现远远好于市场。
回顾过去一年,该公司的利润几乎与前一年持平。增长乏力对该公司三年的总体业绩没有任何帮助,每股收益下降了63%,令人不快。因此,公平地说,最近的收益增长对公司来说是不可取的。
与预计未来12个月将实现15%增长的市场相比,根据最近的中期收益结果,该公司的下行势头令人警醒。
有鉴于此,MOG控股的市盈率高于其他大多数公司,这令人担忧。似乎大多数投资者都忽视了最近糟糕的增长率,并希望该公司的业务前景有所好转。如果市盈率下降到与最近负增长更一致的水平,现有股东很有可能会让自己未来感到失望。
MOG控股市盈率的底线
强劲的股价飙升也推动MOG Holdings的市盈率飙升。通常,在做出投资决策时,我们会告诫不要过度解读市盈率,尽管它可以充分揭示其他市场参与者对该公司的看法。
我们已经确定,MOG Holdings目前的市盈率远高于预期,因为它最近的收益在中期内一直在下降。当我们看到盈利出现倒退,表现逊于市场预期时,我们怀疑股价有下跌的风险,导致高市盈率走低。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。
另外,你还应该了解这些我们在MOG控股公司发现了3个警告信号(包括可能严重的%1)。
如果你.不确定MOG控股的业务实力,为什么不探索我们的互动列表,为其他一些你可能没有达到预期的公司提供坚实的商业基本面。
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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。