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CSC Holdings Limited (SGX:C06) Stock Rockets 29% As Investors Are Less Pessimistic Than Expected

CSC Holdings Limited (SGX:C06) Stock Rockets 29% As Investors Are Less Pessimistic Than Expected

由于投资者的悲观情绪没有预期那么悲观,CSC控股有限公司(新加坡证券交易所股票代码:C06)股价飙升29%
Simply Wall St ·  2023/08/30 18:08

CSC Holdings Limited (SGX:C06) shareholders would be excited to see that the share price has had a great month, posting a 29% gain and recovering from prior weakness. Unfortunately, the gains of the last month did little to right the losses of the last year with the stock still down 31% over that time.

中建控股有限公司 (SGX: C06) 股东们会很高兴看到股价表现不错,上涨了29%,并从之前的疲软中恢复过来。不幸的是,上个月的涨势并没有弥补去年的亏损,该股在此期间仍下跌了31%。

Although its price has surged higher, there still wouldn't be many who think CSC Holdings' price-to-sales (or "P/S") ratio of 0.1x is worth a mention when the median P/S in Singapore's Construction industry is similar at about 0.4x. However, investors might be overlooking a clear opportunity or potential setback if there is no rational basis for the P/S.

尽管其价格飙升,但当新加坡建筑业的市盈率中位数接近0.4倍时,仍然没有多少人认为CSC Holdings0.1倍的市盈率(或 “P/S”)值得一提。但是,如果市盈率没有合理的基础,投资者可能会忽视明显的机会或潜在的挫折。

View our latest analysis for CSC Holdings

查看我们对CSC Holdings的最新分析

ps-multiple-vs-industry
SGX:C06 Price to Sales Ratio vs Industry August 30th 2023
新加坡证券交易所:C06 市销比率与行业对比 2023 年 8 月 30 日

How CSC Holdings Has Been Performing

CSC Holdings的表现如何

For example, consider that CSC Holdings' financial performance has been poor lately as its revenue has been in decline. One possibility is that the P/S is moderate because investors think the company might still do enough to be in line with the broader industry in the near future. If not, then existing shareholders may be a little nervous about the viability of the share price.

例如,考虑到CSC Holdings最近的财务表现一直很差,因为其收入一直在下降。一种可能性是市盈率适中,因为投资者认为该公司在不久的将来仍可能做得足够多,可以与整个行业保持一致。如果不是,那么现有股东可能会对股价的可行性有些紧张。

Although there are no analyst estimates available for CSC Holdings, take a look at this
尽管没有分析师对CSC Holdings的估计,但请看一下这个
free
免费的
data-rich visualisation to see how the company stacks up on earnings, revenue and cash flow.
数据丰富的可视化,以了解公司如何累积收益、收入和现金流。

Do Revenue Forecasts Match The P/S Ratio?

收入预测是否与市盈率相符?

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

有一个固有的假设,即像CSC Holdings这样的公司应该与行业相提并论,这样市盈率才算合理。

In reviewing the last year of financials, we were disheartened to see the company's revenues fell to the tune of 1.5%. The last three years don't look nice either as the company has shrunk revenue by 23% in aggregate. So unfortunately, we have to acknowledge that the company has not done a great job of growing revenue over that time.

在回顾去年的财务状况时,我们沮丧地看到该公司的收入降至1.5%。过去三年看起来也不太好,因为该公司的总收入减少了23%。因此,不幸的是,我们必须承认,在这段时间里,该公司在增加收入方面做得不好。

In contrast to the company, the rest of the industry is expected to grow by 22% over the next year, which really puts the company's recent medium-term revenue decline into perspective.

与该公司形成鲜明对比的是,该行业的其他部门预计将在明年增长22%,这确实使该公司最近的中期收入下降成为可见的。

In light of this, it's somewhat alarming that CSC 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. Only the boldest would assume these prices are sustainable as a continuation of recent revenue trends is likely to weigh on the share price eventually.

有鉴于此,CSC Holdings的市盈率与大多数其他公司持平,这有些令人震惊。显然,该公司的许多投资者的看跌程度远不如最近所显示的那么看跌,他们现在不愿意放弃股票。只有最大胆的人才会认为这些价格是可持续的,因为最近收入趋势的延续最终可能会压制股价。

What Does CSC Holdings' P/S Mean For Investors?

CSC Holdings的市盈率对投资者意味着什么?

CSC 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 Using the price-to-sales 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.

CSC Holdings似乎重新受到青睐,价格稳步上涨,使其市盈率与业内其他公司保持一致。仅使用市售比率来确定是否应该出售股票是不明智的,但它可以作为公司未来前景的实用指南。

Our look at CSC 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. Even though it matches the industry, we're uncomfortable with the current P/S ratio, as this dismal revenue performance is unlikely to support a more positive sentiment for long. Unless the the circumstances surrounding the recent medium-term improve, it wouldn't be wrong to expect a a difficult period ahead for the company's shareholders.

我们对CSC Holdings的调查显示,鉴于该行业必将增长,其中期收入萎缩对市盈率的影响并没有我们预期的那么大。尽管它与行业相当,但我们对当前的市盈率感到不舒服,因为这种惨淡的收入表现不太可能长期支持更积极的情绪。除非最近的中期情况有所改善,否则预计公司股东将面临艰难时期是没有错的。

Don't forget that there may be other risks. For instance, we've identified 2 warning signs for CSC Holdings (1 is potentially serious) you should be aware of.

别忘了可能还有其他风险。例如,我们已经确定了 CSC Holdings 有 2 个警告信号 (1 可能很严重)你应该注意。

If you're unsure about the strength of CSC Holdings' business, why not explore our interactive list of stocks with solid business fundamentals for some other companies you may have missed.

如果你是 不确定CSC Holdings的业务实力,为什么不浏览我们的互动股票清单,为你可能错过的其他一些公司提供坚实的商业基本面。

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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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Simply Wall St 的这篇文章本质上是笼统的。 我们仅使用公正的方法根据历史数据和分析师的预测提供评论,我们的文章无意作为财务建议。 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,我们的分析可能不考虑最新的价格敏感公司公告或定性材料。简而言之,华尔街在上述任何股票中都没有头寸。

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