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Zhejiang Huatong Meat Products Co., Ltd. (SZSE:002840) Not Flying Under The Radar
Zhejiang Huatong Meat Products Co., Ltd. (SZSE:002840) Not Flying Under The Radar
Zhejiang Huatong Meat Products Co., Ltd.'s (SZSE:002840) price-to-earnings (or "P/E") ratio of 78.9x might make it look like a strong sell right now compared to the market in China, where around half of the companies have P/E ratios below 30x and even P/E's below 19x are quite common. Although, it's not wise to just take the P/E at face value as there may be an explanation why it's so lofty.
While the market has experienced earnings growth lately, Zhejiang Huatong Meat Products' earnings have gone into reverse gear, which is not great. One possibility is that the P/E is high because investors think this poor earnings performance will turn the corner. You'd really hope so, otherwise you're paying a pretty hefty price for no particular reason.
Check out our latest analysis for Zhejiang Huatong Meat Products
SZSE:002840 Price Based on Past Earnings April 15th 2022 If you'd like to see what analysts are forecasting going forward, you should check out our free report on Zhejiang Huatong Meat Products.How Is Zhejiang Huatong Meat Products' Growth Trending?
The only time you'd be truly comfortable seeing a P/E as steep as Zhejiang Huatong Meat Products' is when the company's growth is on track to outshine the market decidedly.
Retrospectively, the last year delivered a frustrating 32% decrease to the company's bottom line. As a result, earnings from three years ago have also fallen 29% overall. Accordingly, shareholders would have felt downbeat about the medium-term rates of earnings growth.
Turning to the outlook, the next year should generate growth of 180% as estimated by the only analyst watching the company. That's shaping up to be materially higher than the 34% growth forecast for the broader market.
With this information, we can see why Zhejiang Huatong Meat Products is trading at such a high P/E compared to the market. It seems most investors are expecting this strong future growth and are willing to pay more for the stock.
The Key Takeaway
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.
As we suspected, our examination of Zhejiang Huatong Meat Products' analyst forecasts revealed that its superior earnings outlook is contributing to its high P/E. At this stage investors feel the potential for a deterioration in earnings isn't great enough to justify a lower P/E ratio. Unless these conditions change, they will continue to provide strong support to the share price.
Plus, you should also learn about these 5 warning signs we've spotted with Zhejiang Huatong Meat Products (including 2 which don't sit too well with us).
You might be able to find a better investment than Zhejiang Huatong Meat Products. If you want a selection of possible candidates, check out this free list of interesting companies that trade on a P/E below 20x (but have proven they can grow earnings).
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.
Zhejiang Huatong Meat Products Co., Ltd.'s (SZSE:002840) price-to-earnings (or "P/E") ratio of 78.9x might make it look like a strong sell right now compared to the market in China, where around half of the companies have P/E ratios below 30x and even P/E's below 19x are quite common. Although, it's not wise to just take the P/E at face value as there may be an explanation why it's so lofty.
浙江华通肉制品有限公司(SZSE:002840)78.9倍的市盈率可能会让它看起来像是一个强劲的卖盘,而在中国市场,大约一半的公司的市盈率低于30倍,甚至低于19倍的市盈率也很常见。然而,仅仅从表面上看待市盈率是不明智的,因为可能会有一个解释,为什么它如此之高。
While the market has experienced earnings growth lately, Zhejiang Huatong Meat Products' earnings have gone into reverse gear, which is not great. One possibility is that the P/E is high because investors think this poor earnings performance will turn the corner. You'd really hope so, otherwise you're paying a pretty hefty price for no particular reason.
虽然市场最近经历了盈利增长,但浙江华通肉制品的盈利却出现了逆转,这并不是很大。一种可能性是,市盈率很高,因为投资者认为这种糟糕的盈利表现将会好转。你真的希望如此,否则你会无缘无故地付出相当大的代价。
Check out our latest analysis for Zhejiang Huatong Meat Products
查看我们对浙江华通肉制品的最新分析
How Is Zhejiang Huatong Meat Products' Growth Trending?
浙江华通肉制品的成长趋势如何?
The only time you'd be truly comfortable seeing a P/E as steep as Zhejiang Huatong Meat Products' is when the company's growth is on track to outshine the market decidedly.
看到浙江华通肉制品这样高的市盈率,你唯一会真正感到放心的时候,就是该公司的增长势头明显超过市场的时候。
Retrospectively, the last year delivered a frustrating 32% decrease to the company's bottom line. As a result, earnings from three years ago have also fallen 29% overall. Accordingly, shareholders would have felt downbeat about the medium-term rates of earnings growth.
回顾过去一年,该公司的利润令人沮丧地下降了32%。因此,三年前的整体收益也下降了29%。因此,股东们会对中期盈利增长率感到悲观。
Turning to the outlook, the next year should generate growth of 180% as estimated by the only analyst watching the company. That's shaping up to be materially higher than the 34% growth forecast for the broader market.
谈到前景,据唯一关注该公司的分析师估计,明年应该会产生180%的增长。这将大大高于大盘34%的增长预期。
With this information, we can see why Zhejiang Huatong Meat Products is trading at such a high P/E compared to the market. It seems most investors are expecting this strong future growth and are willing to pay more for the stock.
有了这些信息,我们就可以理解为什么浙江华通肉制品的市盈率比市场高出这么多。似乎大多数投资者都在期待这种强劲的未来增长,并愿意为该股支付更高的价格。
The Key Takeaway
关键的外卖
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.
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。
As we suspected, our examination of Zhejiang Huatong Meat Products' analyst forecasts revealed that its superior earnings outlook is contributing to its high P/E. At this stage investors feel the potential for a deterioration in earnings isn't great enough to justify a lower P/E ratio. Unless these conditions change, they will continue to provide strong support to the share price.
正如我们所怀疑的那样,我们对浙江华通肉制品公司分析师预测的调查显示,其优越的盈利前景是其高市盈率的原因之一。在现阶段,投资者认为盈利恶化的可能性还不够大,不足以证明较低的市盈率是合理的。除非这些条件改变,否则将继续为股价提供强有力的支撑。
Plus, you should also learn about these 5 warning signs we've spotted with Zhejiang Huatong Meat Products (including 2 which don't sit too well with us).
另外,你也应该了解我们在浙江华通肉类产品中发现的这5个警告信号(包括2个不太适合我们的产品)。
You might be able to find a better investment than Zhejiang Huatong Meat Products. If you want a selection of possible candidates, check out this free list of interesting companies that trade on a P/E below 20x (but have proven they can grow earnings).
你也许能找到比浙江华通肉制品更好的投资对象。如果您想要选择可能的候选人,请查看以下内容免费令人感兴趣的市盈率低于20倍的公司名单(但已证明它们可以增加收益)。
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.
对这篇文章有什么反馈吗?担心内容吗?保持联系直接与我们联系。或者,也可以给编辑组发电子邮件,地址是implywallst.com。
这篇由《华尔街日报》撰写的文章本质上是笼统的。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。简单地说,华尔街在提到的任何股票中都没有头寸。
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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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