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Revenues Not Telling The Story For Futong Technology Development Holdings Limited (HKG:465) After Shares Rise 33%

Revenues Not Telling The Story For Futong Technology Development Holdings Limited (HKG:465) After Shares Rise 33%

股价上涨33%后,富通科技发展控股有限公司(HKG: 465)的收入并未说明情况
Simply Wall St ·  2023/08/30 18:19

Futong Technology Development Holdings Limited (HKG:465) shareholders would be excited to see that the share price has had a great month, posting a 33% gain and recovering from prior weakness. Longer-term shareholders would be thankful for the recovery in the share price since it's now virtually flat for the year after the recent bounce.

富通科技发展控股有限公司(HKG:465)股东们会兴奋地看到,股价在一个月里表现出色,上涨了33%,并从之前的疲软中恢复过来。较长期的股东将对股价的回升感到欣慰,因为在最近的反弹之后,股价在一年内几乎持平。

Even after such a large jump in price, you could still be forgiven for feeling indifferent about Futong Technology Development Holdings' P/S ratio of 0.5x, since the median price-to-sales (or "P/S") ratio for the Tech industry in Hong Kong is also close to 0.6x. Although, it's not wise to simply ignore the P/S without explanation as investors may be disregarding a distinct opportunity or a costly mistake.

即使在股价大幅上涨之后,你对富通科技发展控股有限公司的市盈率/S比率0.5倍的无动于衷也是情有可原的,因为香港科技行业的市盈率中值(或“P/S”)也接近0.6倍。尽管如此,在没有解释的情况下简单地忽视市盈率S是不明智的,因为投资者可能会忽视一个独特的机会或代价高昂的错误。

See our latest analysis for Futong Technology Development Holdings

查看我们对富通科技发展控股的最新分析

ps-multiple-vs-industry
SEHK:465 Price to Sales Ratio vs Industry August 30th 2023
联交所:465买卖比率2023年8月30日

What Does Futong Technology Development Holdings' Recent Performance Look Like?

富通科技发展控股近期的表现如何?

For example, consider that Futong Technology Development Holdings' financial performance has been poor lately as its revenue has been in decline. Perhaps investors believe the recent revenue performance is enough to keep in line with the industry, which is keeping the P/S from dropping off. If not, then existing shareholders may be a little nervous about the viability of the share price.

例如,考虑到富通科技发展控股公司最近的财务表现不佳,因为其收入一直在下降。或许投资者认为,最近的营收表现足以与行业保持一致,这让市盈率/S指数不会下跌。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。

Although there are no analyst estimates available for Futong Technology Development Holdings, take a look at this
尽管没有分析师对富通科技发展控股的估计,但看看这个。
free
免费
data-rich visualisation to see how the company stacks up on earnings, revenue and cash flow.
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。

How Is Futong Technology Development Holdings' Revenue Growth Trending?

富通科技发展控股的收入增长趋势如何?

There's an inherent assumption that a company should be matching the industry for P/S ratios like Futong Technology Development Holdings' to be considered reasonable.

有一个固有的假设,即一家公司应该与行业匹配,才能让富通科技发展控股有限公司这样的市盈率被认为是合理的。

Retrospectively, the last year delivered a frustrating 47% decrease to the company's top line. The last three years don't look nice either as the company has shrunk revenue by 76% in aggregate. So unfortunately, we have to acknowledge that the company has not done a great job of growing revenue over that time.

回顾过去一年,该公司的营收令人沮丧地下降了47%。过去三年的情况也不妙,因为该公司的总收入缩水了76%。因此,不幸的是,我们不得不承认,在这段时间里,该公司在收入增长方面做得并不出色。

Weighing that medium-term revenue trajectory against the broader industry's one-year forecast for expansion of 6.8% shows it's an unpleasant look.

将这一中期收入轨迹与整个行业一年内6.8%的增长预期进行比较,可以看出这是一个令人不快的前景。

In light of this, it's somewhat alarming that Futong Technology Development Holdings' P/S sits in line with the majority of other companies. Apparently many investors in the company are way less bearish than recent times would indicate and aren't willing to let go of their stock right now. There's a good chance existing shareholders are setting themselves up for future disappointment if the P/S falls to levels more in line with the recent negative growth rates.

有鉴于此,富通科技发展控股有限公司的P/S与大多数其他公司坐在一起,有点令人担忧。显然,该公司的许多投资者并不像最近的情况所显示的那样悲观,他们现在不愿抛售自己的股票。如果市盈率/S指数跌至与近期负增长更为一致的水平,现有股东很可能正在为未来的失望做准备。

What We Can Learn From Futong Technology Development Holdings' P/S?

我们可以从富通科技发展控股的P/S那里学到什么?

Futong Technology Development Holdings appears to be back in favour with a solid price jump bringing its P/S back in line with other companies in the industry Typically, we'd caution against reading too much into price-to-sales ratios when settling on investment decisions, though it can reveal plenty about what other market participants think about the company.

富通科技发展控股有限公司(Futong Technology Development Holdings)似乎再次受到青睐,其股价稳步上涨,使其市盈率(P/S)与业内其他公司保持一致。通常情况下,我们告诫称,在决定投资决策时,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。

Our look at Futong Technology Development Holdings revealed its shrinking revenues over the medium-term haven't impacted the P/S as much as we anticipated, given the industry is set to grow. When we see revenue heading backwards in the context of growing industry forecasts, it'd make sense to expect a possible share price decline on the horizon, sending the moderate P/S lower. Unless the recent medium-term conditions improve markedly, investors will have a hard time accepting the share price as fair value.

我们对富通科技发展控股有限公司的调查显示,考虑到该行业将会增长,其中期营收缩水对市盈率/S指数的影响并不像我们预期的那么大。当我们看到营收在行业预测不断增长的背景下回落时,我们有理由预计,股价可能会下跌,导致温和的市盈率/S指数走低。除非最近的中期状况明显改善,否则投资者将很难接受股价为公允价值。

You need to take note of risks, for example - Futong Technology Development Holdings has 3 warning signs (and 2 which are significant) we think you should know about.

你需要注意风险,例如-富通科技发展控股有3个警示信号(和两个重要的),我们认为你应该知道。

If companies with solid past earnings growth is up your alley, you may wish to see this free collection of other companies with strong earnings growth and low P/E ratios.

如果过去收益增长稳健的公司符合你的胃口,你可能想看看这个免费其他盈利增长强劲、市盈率较低的公司的集合。

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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.

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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。

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