Anxian Yuan China Holdings Limited (HKG:922) shareholders would be excited to see that the share price has had a great month, posting a 38% gain and recovering from prior weakness. But the gains over the last month weren't enough to make shareholders whole, as the share price is still down 7.0% in the last twelve months.
Although its price has surged higher, Anxian Yuan China Holdings' price-to-earnings (or "P/E") ratio of 5.8x might still make it look like a buy right now compared to the market in Hong Kong, where around half of the companies have P/E ratios above 9x and even P/E's above 19x are quite common. Nonetheless, we'd need to dig a little deeper to determine if there is a rational basis for the reduced P/E.
For instance, Anxian Yuan China Holdings' receding earnings in recent times would have to be some food for thought. It might be that many expect the disappointing earnings performance to continue or accelerate, which has repressed the P/E. If you like the company, you'd be hoping this isn't the case so that you could potentially pick up some stock while it's out of favour.
See our latest analysis for Anxian Yuan China Holdings
SEHK:922 Price Based on Past Earnings December 9th 2022 Want the full picture on earnings, revenue and cash flow for the company? Then our
free report on Anxian Yuan China Holdings will help you shine a light on its historical performance.
What Are Growth Metrics Telling Us About The Low P/E?
Anxian Yuan China Holdings' P/E ratio would be typical for a company that's only expected to deliver limited growth, and importantly, perform worse than the market.
If we review the last year of earnings, dishearteningly the company's profits fell to the tune of 18%. However, a few very strong years before that means that it was still able to grow EPS by an impressive 62% in total over the last three years. Although it's been a bumpy ride, it's still fair to say the earnings growth recently has been more than adequate for the company.
Comparing that to the market, which is predicted to deliver 17% growth in the next 12 months, the company's momentum is pretty similar based on recent medium-term annualised earnings results.
With this information, we find it odd that Anxian Yuan China Holdings is trading at a P/E lower than the market. It may be that most investors are not convinced the company can maintain recent growth rates.
The Bottom Line On Anxian Yuan China Holdings' P/E
Despite Anxian Yuan China Holdings' shares building up a head of steam, its P/E still lags most other companies. 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.
Our examination of Anxian Yuan China Holdings revealed its three-year earnings trends aren't contributing to its P/E as much as we would have predicted, given they look similar to current market expectations. When we see average earnings with market-like growth, we assume potential risks are what might be placing pressure on the P/E ratio. It appears some are indeed anticipating earnings instability, because the persistence of these recent medium-term conditions should normally provide more support to the share price.
Before you take the next step, you should know about the 2 warning signs for Anxian Yuan China Holdings that we have uncovered.
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).
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安县源中国控股有限公司 (HKG: 922) 股东们会很高兴看到股价表现良好,上涨了38%,并从先前的疲软中恢复过来。但是上个月的涨幅不足以使股东们恢复健康,因为在过去的十二个月中,股价仍下跌了7.0%。
尽管其价格飙升,但与香港市场相比,Anxian Yuan China Holdings的5.8倍市盈率(或 “市盈率”)现在可能仍像是买入。在香港,大约一半的公司的市盈率超过9倍,甚至市盈率超过19倍也很常见。尽管如此,我们需要更深入地挖掘以确定降低市盈率是否有合理的基础。
例如,安县元中国控股最近收益的下降一定值得深思。可能是许多人预计令人失望的收益表现将持续或加速,这抑制了市盈率。如果你喜欢这家公司,你会希望情况并非如此,这样你就有可能在股票失宠的时候买入一些股票。
查看我们对安贤元中国控股的最新分析
SEHK: 922 基于过去财报的价格 2022 年 12 月 9 日想全面了解公司的收益、收入和现金流吗?然后我们的
免费的 安县元中国控股的报告将帮助您了解其历史表现。
关于低市盈率,增长指标告诉我们什么?
Anxian Yuan China Holdings的市盈率对于一家预计增长有限、重要的是表现比市场差的公司来说是典型的。
如果我们回顾一下去年的收益,令人沮丧的是,该公司的利润降至18%。但是,在此之前的几年中表现非常强劲,这意味着在过去三年中,它仍然能够将每股收益总额增长62%,令人印象深刻。尽管这是一个坎坷的旅程,但可以公平地说,最近的收益增长对公司来说已经足够了。
相比之下,市场预计将在未来12个月内实现17%的增长,根据最近的中期年化收益业绩,该公司的势头非常相似。
有了这些信息,我们觉得奇怪的是,安县元中国控股的市盈率低于市场。可能是大多数投资者不相信该公司能够维持最近的增长率。
安县元中国控股市盈率的底线
尽管安县元中国控股的股票正在蓬勃发展,但其市盈率仍落后于大多数其他公司。通常,在做出投资决策时,我们会告诫不要过多地考虑市盈率,尽管这可以充分揭示其他市场参与者对公司的看法。
我们对Anxian Yuan China Holdings的审查显示,其三年的收益趋势对市盈率的贡献没有我们预期的那么大,因为它们看起来与当前的市场预期相似。当我们看到平均收益与市场相似的增长时,我们假设潜在风险可能会给市盈率带来压力。看来有些人确实预计收益将出现不稳定,因为最近这些中期条件的持续通常会为股价提供更多支撑。
在你采取下一步之前,你应该知道 安鲜园中国控股有 2 个警告信号 我们已经发现了。
重要的是 一定要寻找一家优秀的公司,而不仅仅是你遇到的第一个想法。 所以来看看这个 免费的 近期收益增长强劲(市盈率低于20倍)的有趣公司名单。
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Simply Wall St 的这篇文章本质上是一般性的。 我们仅使用公正的方法提供基于历史数据和分析师预测的评论,我们的文章无意提供财务建议。 它不构成买入或卖出任何股票的建议,也没有考虑您的目标或财务状况。我们的目标是为您提供由基本面数据驱动的长期重点分析。请注意,我们的分析可能未将最新的价格敏感型公司公告或定性材料考虑在内。简而言之,华尔街对上述任何股票都没有头寸。