The K2 F&B Holdings Limited (HKG:2108) share price has fared very poorly over the last month, falling by a substantial 25%. The drop over the last 30 days has capped off a tough year for shareholders, with the share price down 42% in that time.
After such a large drop in price, given close to half the companies in Hong Kong have price-to-earnings ratios (or "P/E's") above 9x, you may consider K2 F&B Holdings as an attractive investment with its 4.6x P/E ratio. Nonetheless, we'd need to dig a little deeper to determine if there is a rational basis for the reduced P/E.
With earnings growth that's exceedingly strong of late, K2 F&B Holdings has been doing very well. It might be that many expect the strong earnings performance to degrade substantially, 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.
View our latest analysis for K2 F&B Holdings
SEHK:2108 Price Based on Past Earnings December 13th 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 K2 F&B Holdings' earnings, revenue and cash flow.
What Are Growth Metrics Telling Us About The Low P/E?
There's an inherent assumption that a company should underperform the market for P/E ratios like K2 F&B Holdings' to be considered reasonable.
Retrospectively, the last year delivered an exceptional 82% gain to the company's bottom line. Pleasingly, EPS has also lifted 270% in aggregate from three years ago, thanks to the last 12 months of growth. Therefore, it's fair to say the earnings growth recently has been superb for the company.
This is in contrast to the rest of the market, which is expected to grow by 17% over the next year, materially lower than the company's recent medium-term annualised growth rates.
In light of this, it's peculiar that K2 F&B Holdings' P/E sits below the majority of other companies. Apparently some shareholders believe the recent performance has exceeded its limits and have been accepting significantly lower selling prices.
The Bottom Line On K2 F&B Holdings' P/E
K2 F&B Holdings' recently weak share price has pulled its P/E below most other companies. Using the price-to-earnings ratio alone to determine if you should sell your stock isn't sensible, however it can be a practical guide to the company's future prospects.
Our examination of K2 F&B Holdings revealed its three-year earnings trends aren't contributing to its P/E anywhere near as much as we would have predicted, given they look better than current market expectations. There could be some major unobserved threats to earnings preventing the P/E ratio from matching this positive performance. It appears many are indeed anticipating earnings instability, because the persistence of these recent medium-term conditions would normally provide a boost to the share price.
It is also worth noting that we have found 4 warning signs for K2 F&B Holdings (2 are a bit concerning!) that you need to take into consideration.
Of course, you might find a fantastic investment by looking at a few good candidates. So take a peek at this free list of companies with a strong growth track record, trading on a P/E below 20x.
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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.
这个K2餐饮集团有限公司(HKG:2108)过去一个月,股价表现非常糟糕,大幅下跌了25%。过去30天的下跌为股东们艰难的一年画上了句号,股价在此期间下跌了42%。
在股价下跌如此之大之后,鉴于香港近一半的公司的市盈率(P/E)超过9倍,你可能会认为K2 F&B Holdings的市盈率为4.6倍,是一项有吸引力的投资。尽管如此,我们还需要更深入地挖掘,以确定市盈率下降是否有合理的基础。
最近收益增长非常强劲,K2餐饮控股公司一直表现得很好。许多人可能预计强劲的盈利表现将大幅下滑,这抑制了市盈率。如果你喜欢这家公司,你可能会希望情况并非如此,这样你就可以在不受青睐的时候买入一些股票。
查看我们对K2餐饮控股的最新分析
联交所:2108价格基于过去收益2022年12月13日我们没有分析师的预测,但您可以通过查看我们的
免费报告K2餐饮控股的收益、收入和现金流。
增长指标告诉我们关于低市盈率的哪些信息?
有一种固有的假设,即一家公司的市盈率应该低于市场,而K2 F&B Holdings这样的市盈率才被认为是合理的。
回顾过去一年,公司的利润实现了82%的不同寻常的增长。令人欣喜的是,由于过去12个月的增长,每股收益也比三年前上涨了270%。因此,公平地说,最近的收益增长对公司来说是一流的。
这与其他市场形成对比,后者预计明年将增长17%,大大低于该公司最近的中期年化增长率。
有鉴于此,K2 F&B Holdings的市盈率低于大多数其他公司,这是很奇怪的。显然,一些股东认为,最近的表现已经超出了极限,他们一直在接受明显较低的售价。
K2餐饮控股市盈率的底线
K2餐饮控股最近股价疲软,使其市盈率低于大多数其他公司。仅仅用市盈率来决定你是否应该出售你的股票是不明智的,但它可以成为公司未来前景的实用指南。
我们对K2 F&B Holdings的调查显示,该公司三年的盈利趋势对其市盈率的贡献并不像我们预期的那么大,因为它们看起来好于当前的市场预期。可能存在一些重大的未被察觉的盈利威胁,阻碍了市盈率与这一积极表现的匹配。似乎许多人确实预计到了盈利不稳定,因为近期这些中期状况的持续通常会提振股价。
同样值得注意的是,我们发现K2餐饮控股的4个警告标志(两个有点令人担忧!)这是你需要考虑的。
当然了,通过观察几个优秀的候选人,你可能会发现这是一项非常棒的投资。所以让我们来看看这个免费业绩表现强劲、市盈率低于20倍的公司名单。
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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。