Sino Gas Holdings Group Limited (HKG:1759) shareholders that were waiting for something to happen have been dealt a blow with a 33% share price drop in the last month. The recent drop completes a disastrous twelve months for shareholders, who are sitting on a 73% loss during that time.
Although its price has dipped substantially, given close to half the companies in Hong Kong have price-to-earnings ratios (or "P/E's") below 8x, you may still consider Sino Gas Holdings Group as a stock to potentially avoid with its 10.8x P/E ratio. Although, it's not wise to just take the P/E at face value as there may be an explanation why it's lofty.
For instance, Sino Gas Holdings Group's receding earnings in recent times would have to be some food for thought. It might be that many expect the company to still outplay most other companies over the coming period, which has kept the P/E from collapsing. If not, then existing shareholders may be quite nervous about the viability of the share price.
See our latest analysis for Sino Gas Holdings Group
SEHK:1759 Price Based on Past Earnings October 21st 2022 Although there are no analyst estimates available for Sino Gas Holdings 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 Sino Gas Holdings Group's Growth Trending?
There's an inherent assumption that a company should outperform the market for P/E ratios like Sino Gas Holdings Group's to be considered reasonable.
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 16%. As a result, earnings from three years ago have also fallen 72% overall. So unfortunately, we have to acknowledge that the company has not done a great job of growing earnings over that time.
In contrast to the company, the rest of the market is expected to grow by 19% over the next year, which really puts the company's recent medium-term earnings decline into perspective.
In light of this, it's alarming that Sino Gas Holdings Group's 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 Sino Gas Holdings Group's P/E
Despite the recent share price weakness, Sino Gas Holdings Group's P/E remains higher than most other companies. Generally, our preference is to limit the use of the price-to-earnings ratio to establishing what the market thinks about the overall health of a company.
Our examination of Sino Gas Holdings Group revealed its shrinking earnings over the medium-term aren't impacting its high P/E anywhere near as much as we would have predicted, given the market is set to grow. Right now we are increasingly uncomfortable with the high P/E as this earnings performance is highly unlikely 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.
It is also worth noting that we have found 5 warning signs for Sino Gas Holdings Group (2 can't be ignored!) that you need to take into consideration.
If P/E ratios interest you, you may wish to see this free collection of other companies that have grown earnings strongly and trade on P/E's below 20x.
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信和燃气控股集团有限公司(HKG:1759)过去一个月,等待着什么事情发生的股东股价下跌了33%,这给了他们一个打击。最近的下跌为股东们灾难性的12个月画上了句号,在此期间,他们坐拥73%的损失。
尽管股价大幅下跌,但鉴于近一半的香港公司的市盈率(或“市盈率”)低于8倍,你可能仍会认为信和燃气控股集团是一只值得规避的股票,其市盈率为10.8倍。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是高的。
例如,近期中国燃气控股集团不断下滑的盈利将不得不引起一些思考。许多人可能预计,该公司在未来一段时间内的表现仍将好于大多数其他公司,这使得市盈率没有崩溃。如果不是,那么现有股东可能会对股价的生存能力感到相当紧张。
查看我们对信和燃气控股集团的最新分析
联交所:1759价格基于过去收益2022年10月21日虽然没有分析师对信和燃气控股集团的估计,但请看以下内容
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。
中国燃气控股集团的增长趋势如何?
有一种固有的假设,即一家公司的市盈率应该好于市场,这样的市盈率才被认为是合理的。
先回过头来看,该公司去年的每股收益增长并不值得兴奋,因为它公布了令人失望的16%的降幅。因此,三年前的整体收益也下降了72%。因此,不幸的是,我们不得不承认,在这段时间里,该公司在盈利增长方面做得并不出色。
与该公司形成鲜明对比的是,市场其他部分预计明年将增长19%,这确实让人对该公司最近中期收益的下降有了正确的认识。
有鉴于此,中国信和天然气控股集团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。
中国燃气控股集团市盈率底线
尽管近期股价疲软,但中国燃气控股集团的市盈率仍高于大多数其他公司。一般来说,我们倾向于限制市盈率的使用,以确定市场对公司整体健康状况的看法。
我们对信和燃气控股集团的调查显示,考虑到市场将会增长,该集团中期收益的缩水对其高市盈率的影响并不像我们预期的那么大。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持这种积极情绪。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。
同样值得注意的是,我们发现信和燃气控股集团的5个警示信号(2不可忽视!)这是你需要考虑的。
如果你对市盈率感兴趣,你可能想看看这个免费其他盈利增长强劲、市盈率低于20倍的公司。
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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。