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CloudWalk Technology Co., Ltd. (SHSE:688327) Shares May Have Slumped 25% But Getting In Cheap Is Still Unlikely
CloudWalk Technology Co., Ltd. (SHSE:688327) Shares May Have Slumped 25% But Getting In Cheap Is Still Unlikely
The CloudWalk Technology Co., Ltd. (SHSE:688327) share price has fared very poorly over the last month, falling by a substantial 25%. For any long-term shareholders, the last month ends a year to forget by locking in a 63% share price decline.
Although its price has dipped substantially, you could still be forgiven for thinking CloudWalk Technology is a stock to steer clear of with a price-to-sales ratios (or "P/S") of 18.6x, considering almost half the companies in China's Software industry have P/S ratios below 4.8x. However, the P/S might be quite high for a reason and it requires further investigation to determine if it's justified.
What Does CloudWalk Technology's P/S Mean For Shareholders?
The revenue growth achieved at CloudWalk Technology over the last year would be more than acceptable for most companies. One possibility is that the P/S ratio is high because investors think this respectable revenue growth will be enough to outperform the broader industry in the near future. However, if this isn't the case, investors might get caught out paying too much for the stock.
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 CloudWalk Technology's earnings, revenue and cash flow.What Are Revenue Growth Metrics Telling Us About The High P/S?
There's an inherent assumption that a company should far outperform the industry for P/S ratios like CloudWalk Technology's to be considered reasonable.
If we review the last year of revenue growth, the company posted a terrific increase of 19%. However, this wasn't enough as the latest three year period has seen the company endure a nasty 17% drop in revenue in aggregate. Therefore, it's fair to say the revenue growth recently has been undesirable for the company.
Comparing that to the industry, which is predicted to deliver 28% growth in the next 12 months, the company's downward momentum based on recent medium-term revenue results is a sobering picture.
In light of this, it's alarming that CloudWalk Technology's P/S sits above the majority of other companies. Apparently many investors in the company are way more bullish than recent times would indicate and aren't willing to let go of their stock at any price. There's a very 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.
The Bottom Line On CloudWalk Technology's P/S
Even after such a strong price drop, CloudWalk Technology's P/S still exceeds the industry median significantly. 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.
We've established that CloudWalk Technology currently trades on a much higher than expected P/S since its recent revenues have been in decline over the medium-term. When we see revenue heading backwards and underperforming the industry forecasts, we feel the possibility of the share price declining is very real, bringing the P/S back into the realm of reasonability. Unless the recent medium-term conditions improve markedly, investors will have a hard time accepting the share price as fair value.
Don't forget that there may be other risks. For instance, we've identified 2 warning signs for CloudWalk Technology (1 is significant) you should be aware of.
It's important to make sure you look for a great company, not just the first idea you come across. So if growing profitability aligns with your idea of a great company, take a peek at this free list of interesting companies with strong recent earnings growth (and a low P/E).
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.
CloudWalk科技有限公司(上海证券交易所股票代码:688327)的股价在上个月表现非常糟糕,大幅下跌了25%。对于任何长期股东来说,最后一个月的股价跌幅为63%,从而结束了令人难忘的一年。
尽管其价格已大幅下跌,但考虑到中国软件行业将近一半公司的市盈率低于4.8倍,你认为CloudWalk Technology是一只值得避开的股票,其市销率(或 “市盈率”)为18.6倍,仍然是可以原谅的。但是,市销率可能很高是有原因的,需要进一步调查以确定其是否合理。
CloudWalk Technology的市销率对股东意味着什么?
对于大多数公司来说,CloudWalk Technology去年实现的收入增长是完全可以接受的。一种可能性是市销率很高,因为投资者认为这种可观的收入增长足以在不久的将来跑赢整个行业。但是,如果不是这样,投资者可能会陷入为股票支付过多费用的困境。
我们没有分析师的预测,但您可以查看我们关于CloudWalk Technology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。收入增长指标告诉我们高市销率有哪些?
人们固有的假设是,如果像CloudWalk Technology这样的市销率被认为是合理的,公司的表现应该远远超过该行业。
如果我们回顾一下去年的收入增长,该公司公布了19%的惊人增长。但是,这还不够,因为在最近三年中,该公司的总收入下降了17%。因此,可以公平地说,最近的收入增长对公司来说是不可取的。
相比之下,该行业预计将在未来12个月内实现28%的增长,根据最近的中期收入业绩,该公司的下滑势头令人震惊。
有鉴于此,令人震惊的是,CloudWalk Technology的市销率高于其他多数公司。显然,该公司的许多投资者比最近所表示的要看涨得多,他们不愿意以任何价格抛售股票。如果市销率降至更符合近期负增长率的水平,现有股东很有可能为未来的失望做好准备。
CloudWalk Technology 市销率的底线
即使在价格下跌如此强劲之后,CloudWalk Technology的市销率仍大大超过行业中位数。仅使用市销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。
我们已经确定,CloudWalk Technology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。当我们看到收入倒退且表现低于行业预测时,我们认为股价下跌的可能性是真实存在的,这使市销率回到了合理的境地。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。
别忘了可能还有其他风险。例如,我们已经确定了CloudWalk Technology的两个警告信号(其中一个很重要),你应该注意。
重要的是要确保你寻找一家优秀的公司,而不仅仅是你遇到的第一个想法。因此,如果盈利能力的增长与你对一家优秀公司的想法一致,那就来看看这份免费名单吧,列出了最近收益增长强劲(市盈率低)的有趣公司。
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。
Moomoo Technologies Inc., Moomoo Financial Inc., Moomoo Financial Singapore Pte. Ltd., Futu Securities (Australia) Ltd, Moomoo Financial Canada Inc.,和Moomoo Securities Malaysia Sdn. Bhd.是关联公司。
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