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Optimistic Investors Push Lotus Horizon Holdings Limited (HKG:6063) Shares Up 27% But Growth Is Lacking
Optimistic Investors Push Lotus Horizon Holdings Limited (HKG:6063) Shares Up 27% But Growth Is Lacking
Despite an already strong run, Lotus Horizon Holdings Limited (HKG:6063) shares have been powering on, with a gain of 27% in the last thirty days. Looking back a bit further, it's encouraging to see the stock is up 58% in the last year.
After such a large jump in price, you could be forgiven for thinking Lotus Horizon Holdings is a stock not worth researching with a price-to-sales ratios (or "P/S") of 1.6x, considering almost half the companies in Hong Kong's Construction industry have P/S ratios below 0.3x. However, the P/S might be high for a reason and it requires further investigation to determine if it's justified.
How Has Lotus Horizon Holdings Performed Recently?
For instance, Lotus Horizon Holdings' receding revenue 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/S from collapsing. You'd really hope so, otherwise you're paying a pretty hefty price for no particular reason.
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 Lotus Horizon Holdings' earnings, revenue and cash flow.How Is Lotus Horizon Holdings' Revenue Growth Trending?
There's an inherent assumption that a company should outperform the industry for P/S ratios like Lotus Horizon Holdings' to be considered reasonable.
In reviewing the last year of financials, we were disheartened to see the company's revenues fell to the tune of 8.5%. As a result, revenue from three years ago have also fallen 10% overall. Accordingly, shareholders would have felt downbeat about the medium-term rates of revenue growth.
In contrast to the company, the rest of the industry is expected to grow by 13% over the next year, which really puts the company's recent medium-term revenue decline into perspective.
With this in mind, we find it worrying that Lotus Horizon Holdings' P/S exceeds that of its industry peers. It seems most investors are ignoring the recent poor growth rate and are hoping for a turnaround in the company's business prospects. Only the boldest would assume these prices are sustainable as a continuation of recent revenue trends is likely to weigh heavily on the share price eventually.
The Bottom Line On Lotus Horizon Holdings' P/S
Lotus Horizon Holdings shares have taken a big step in a northerly direction, but its P/S is elevated as a result. It's argued the price-to-sales ratio is an inferior measure of value within certain industries, but it can be a powerful business sentiment indicator.
We've established that Lotus Horizon Holdings currently trades on a much higher than expected P/S since its recent revenues have been in decline over the medium-term. Right now we aren't comfortable with the high P/S as this revenue performance is highly unlikely to support such positive sentiment for long. Unless the recent medium-term conditions improve markedly, investors will have a hard time accepting the share price as fair value.
There are also other vital risk factors to consider and we've discovered 3 warning signs for Lotus Horizon Holdings (1 is concerning!) that you should be aware of before investing here.
If these risks are making you reconsider your opinion on Lotus Horizon Holdings, explore our interactive list of high quality stocks to get an idea of what else is out there.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.
尽管已经表现强劲,但莲花地平线控股有限公司(HKG: 6063)的股价一直在上涨,在过去三十天中上涨了27%。再往前看,该股去年上涨了58%,令人鼓舞。
在价格大幅上涨之后,你认为Lotus Horizon Holdings是一只不值得研究的股票,其市销率(或 “市盈率”)为1.6倍,这是可以原谅的,因为香港建筑业中将近一半的公司的市盈率低于0.3倍。但是,市销率之高可能是有原因的,需要进一步调查以确定其是否合理。
Lotus Horizon Holdings最近表现如何?
例如,Lotus Horizon Holdings最近收入的下降值得深思。许多人可能预计,在未来一段时间内,该公司的表现仍将超过大多数其他公司,这阻止了市销售率的暴跌。你真的希望如此,否则你会无缘无故地付出相当大的代价。
我们没有分析师的预测,但您可以查看我们关于Lotus Horizon Holdings收益、收入和现金流的免费报告,了解最近的趋势如何为公司的未来做好准备。Lotus Horizon Holdings的收入增长趋势如何?
有一种固有的假设是,如果像Lotus Horizon Holdings这样的市盈率被认为是合理的,一家公司的表现应该超过该行业。
在回顾去年的财务状况时,我们沮丧地看到该公司的收入下降至8.5%。结果,三年前的总体收入也下降了10%。因此,股东会对中期收入增长率感到悲观。
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13%,这确实可以预见该公司最近的中期收入下降。
考虑到这一点,我们感到担忧的是,Lotus Horizon Holdings的市销率超过了业内同行。看来大多数投资者都忽视了最近的糟糕增长率,并希望公司的业务前景有所好转。只有最大胆的人才会假设这些价格是可持续的,因为近期收入趋势的延续最终可能会严重压制股价。
Lotus Horizon Holdings P/S的底线
Lotus Horizon Holdings的股票已向北方向迈出了一大步,但其市销率因此上升。有人认为,在某些行业中,市销率是衡量价值的较差指标,但它可以是一个有力的商业信心指标。
我们已经确定,Lotus Horizon Holdings目前的市销率远高于预期,因为其最近的收入在中期内有所下降。目前,我们对高市销率不满意,因为这种收入表现极不可能长期支撑这种积极情绪。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作为公允价值。
还有其他重要的风险因素需要考虑,我们已经发现了Lotus Horizon Holdings的3个警告信号(其中一个令人担忧!)在这里投资之前,您应该注意这一点。
如果这些风险让你重新考虑你对Lotus Horizon Holdings的看法,请浏览我们的高质量股票互动清单,了解还有什么。
对这篇文章有反馈吗?对内容感到担忧?直接联系我们。 或者,给编辑团队 (at) simplywallst.com 发送电子邮件。
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,也没有考虑到您的目标或财务状况。我们的目标是为您提供由基本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型公司公告或定性材料。简而言之,华尔街没有持有任何上述股票的头寸。
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moomoo是Moomoo Technologies Inc.公司提供的金融信息和交易应用程序。
在美国,moomoo上的投资产品和服务由Moomoo Financial Inc.提供,一家受美国证券交易委员会(SEC)监管的持牌主体。 Moomoo Financial Inc.是金融业监管局(FINRA)和证券投资者保护公司(SIPC)的成员。
在新加坡,moomoo上的投资产品和服务是通过Moomoo Financial Singapore Pte. Ltd.提供,该公司受新加坡金融管理局(MAS)监管(牌照号码︰CMS101000) ,持有资本市场服务牌照 (CMS) ,持有财务顾问豁免(Exempt Financial Adviser)资质。本内容未经新加坡金融管理局的审查。
在澳大利亚,moomoo上的金融产品和服务是通过Futu Securities (Australia) Ltd提供,该公司是受澳大利亚证券和投资委员会(ASIC)监管的澳大利亚金融服务许可机构(AFSL No. 224663)。请阅读并理解我们的《金融服务指南》、《条款与条件》、《隐私政策》和其他披露文件,这些文件可在我们的网站 https://www.moomoo.com/au中获取。
在加拿大,通过moomoo应用提供的仅限订单执行的券商服务由Moomoo Financial Canada Inc.提供,并受加拿大投资监管机构(CIRO)监管。
在马来西亚,moomoo上的投资产品和服务是通过Moomoo Securities Malaysia Sdn. Bhd. 提供,该公司受马来西亚证券监督委员会(SC)监管(牌照号码︰eCMSL/A0397/2024) ,持有资本市场服务牌照 (CMSL) 。本内容未经马来西亚证券监督委员会的审查。
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