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Earnings Not Telling The Story For Termbray Industries International (Holdings) Limited (HKG:93) After Shares Rise 31%
Earnings Not Telling The Story For Termbray Industries International (Holdings) Limited (HKG:93) After Shares Rise 31%
Termbray Industries International (Holdings) Limited (HKG:93) shares have continued their recent momentum with a 31% gain in the last month alone. Looking further back, the 21% rise over the last twelve months isn't too bad notwithstanding the strength over the last 30 days.
Since its price has surged higher, Termbray Industries International (Holdings) may be sending very bearish signals at the moment with a price-to-earnings (or "P/E") ratio of 39.4x, 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.
As an illustration, earnings have deteriorated at Termbray Industries 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. You'd really hope so, otherwise you're paying a pretty hefty price for no particular reason.
View our latest analysis for Termbray Industries International (Holdings)
SEHK:93 Price Based on Past Earnings October 5th 2022 Want the full picture on earnings, revenue and cash flow for the company? Then our free report on Termbray Industries International (Holdings) will help you shine a light on its historical performance.What Are Growth Metrics Telling Us About The High P/E?
Termbray Industries International (Holdings)'s 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.
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 56%. 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.
Comparing that to the market, which is predicted to deliver 20% growth in the next 12 months, the company's momentum is weaker based on recent medium-term annualised earnings results.
In light of this, it's alarming that Termbray Industries International (Holdings)'s P/E sits above the majority of other companies. It seems most investors are ignoring the fairly limited recent growth rates and are hoping for a turnaround in the company's business prospects. There's a good chance existing shareholders are setting themselves up for future disappointment if the P/E falls to levels more in line with recent growth rates.
The Final Word
Termbray Industries International (Holdings)'s P/E is flying high just like its stock has during the last month. We'd say the price-to-earnings ratio's power isn't primarily as a valuation instrument but rather to gauge current investor sentiment and future expectations.
We've established that Termbray Industries International (Holdings) currently trades on a much higher than expected P/E since its recent three-year growth is lower than the wider market forecast. 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. 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.
There are also other vital risk factors to consider before investing and we've discovered 2 warning signs for Termbray Industries International (Holdings) that you should be aware of.
You might be able to find a better investment than Termbray Industries International (Holdings). If you want a selection of possible candidates, check out this free list of interesting companies that trade on a P/E below 20x (but have proven they can grow earnings).
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.
特伦布雷工业国际(集团)有限公司(HKG:93)仅在过去一个月,股价就延续了近期的势头,上涨了31%。再往前看,过去12个月21%的涨幅并不算太糟糕,尽管过去30天的涨势很强劲。
由于股价飙升,特姆布雷工业国际(控股)目前可能发出了非常看跌的信号,市盈率(P/E)为39.4倍,因为香港几乎一半的公司的市盈率低于8倍,即使市盈率低于4倍也是司空见惯的。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。
举例来说,Termbray Industries International(Holdings)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。你真的希望如此,否则你会无缘无故地付出相当大的代价。
查看我们对Termbray Industries International(Holdings)的最新分析
联交所:93基于过去收益的价格2022年10月5日想了解该公司的收益、收入和现金流的全貌吗?那么我们的免费Termbray Industries International(Holdings)的报告将帮助您了解其历史业绩。增长指标告诉我们关于高市盈率的哪些信息?
Termbray Industries International(Holdings)的市盈率对于一家预计将实现非常强劲增长的公司来说是典型的,而且重要的是,它的表现远远好于市场。
首先回顾一下,该公司去年的每股收益增长并不是什么令人兴奋的事情,因为它公布了令人失望的下降56%。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。
与预计未来12个月将实现20%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。
有鉴于此,Termbray Industries International(Holdings)的市盈率高于大多数其他公司,这是令人担忧的。似乎大多数投资者都忽视了最近相当有限的增长率,而是希望公司的业务前景出现好转。如果市盈率下降到与最近的增长率更接近的水平,现有股东很可能会让自己未来失望。
最后的结论
Termbray Industries International(Holdings)的市盈率飙升,就像其股票在过去一个月里的表现一样。我们可以说,市盈率的力量主要不是作为一种估值工具,而是衡量当前投资者的情绪和未来预期。
我们已经确定,Termbray Industries International(Holdings)目前的市盈率远高于预期,因为其最近三年的增长低于更广泛的市场预测。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。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。
在投资之前,还有其他重要的风险因素需要考虑,我们发现2 Termbray Industries International(Holdings)的警告标志这一点你应该知道。
你也许能找到比Termbray Industries International(Holdings)更好的投资。如果您想要选择可能的候选人,请查看以下内容免费令人感兴趣的市盈率低于20倍的公司名单(但已证明它们可以增加收益)。
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。
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