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Zhejiang Huilong New Materials Co.,Ltd.'s (SZSE:301057) 38% Share Price Surge Not Quite Adding Up
Zhejiang Huilong New Materials Co.,Ltd.'s (SZSE:301057) 38% Share Price Surge Not Quite Adding Up
Zhejiang Huilong New Materials Co.,Ltd. (SZSE:301057) shareholders would be excited to see that the share price has had a great month, posting a 38% gain and recovering from prior weakness. While recent buyers may be laughing, long-term holders might not be as pleased since the recent gain only brings the stock back to where it started a year ago.
Following the firm bounce in price, Zhejiang Huilong New MaterialsLtd's price-to-earnings (or "P/E") ratio of 36.5x might make it look like a 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 18x are quite common. Nonetheless, we'd need to dig a little deeper to determine if there is a rational basis for the elevated P/E.
As an illustration, earnings have deteriorated at Zhejiang Huilong New MaterialsLtd over the last year, which is not ideal at all. One possibility is that the P/E is high because investors think the company will still do enough to outperform the broader market in the near future. You'd really hope so, otherwise you're paying a pretty hefty price for no particular reason.
See our latest analysis for Zhejiang Huilong New MaterialsLtd
SZSE:301057 Price Based on Past Earnings May 27th 2022 Want the full picture on earnings, revenue and cash flow for the company? Then our free report on Zhejiang Huilong New MaterialsLtd will help you shine a light on its historical performance.What Are Growth Metrics Telling Us About The High P/E?
There's an inherent assumption that a company should outperform the market for P/E ratios like Zhejiang Huilong New MaterialsLtd's to be considered reasonable.
Retrospectively, the last year delivered a frustrating 20% decrease to the company's bottom line. Regardless, EPS has managed to lift by a handy 24% in aggregate from three years ago, thanks to the earlier period of growth. So we can start by confirming that the company has generally done a good job of growing earnings over that time, even though it had some hiccups along the way.
Comparing that to the market, which is predicted to deliver 38% growth in the next 12 months, the company's momentum is weaker based on recent medium-term annualised earnings results.
In light of this, it's alarming that Zhejiang Huilong New MaterialsLtd's P/E sits above the majority of other companies. It seems most investors are ignoring the fairly limited recent growth rates and are hoping for a turnaround in the company's business prospects. There's a good chance existing shareholders are setting themselves up for future disappointment if the P/E falls to levels more in line with recent growth rates.
The Bottom Line On Zhejiang Huilong New MaterialsLtd's P/E
The large bounce in Zhejiang Huilong New MaterialsLtd's shares has lifted the company's P/E to a fairly high level. We'd say the price-to-earnings ratio's power isn't primarily as a valuation instrument but rather to gauge current investor sentiment and future expectations.
Our examination of Zhejiang Huilong New MaterialsLtd revealed its three-year earnings trends aren't impacting its high P/E anywhere near as much as we would have predicted, given they look worse than current market expectations. When we see weak earnings with slower than market growth, we suspect the share price is at risk of declining, sending the high P/E lower. Unless the recent medium-term conditions improve markedly, it's very challenging to accept these prices as being reasonable.
You should always think about risks. Case in point, we've spotted 3 warning signs for Zhejiang Huilong New MaterialsLtd you should be aware of, and 1 of them is significant.
Of course, you might also be able to find a better stock than Zhejiang Huilong New MaterialsLtd. So you may wish to see this free collection of other companies that sit on P/E's below 20x and have grown earnings strongly.
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 Huilong New Materials Co.,Ltd. (SZSE:301057) shareholders would be excited to see that the share price has had a great month, posting a 38% gain and recovering from prior weakness. While recent buyers may be laughing, long-term holders might not be as pleased since the recent gain only brings the stock back to where it started a year ago.
浙江滙龍新材料有限公司。(SZSE:301057)股東們將會興奮地看到,股價在一個月裏表現出色,上漲了38%,並從之前的疲軟中恢復過來。雖然最近的買家可能會笑,但長期持有者可能不會那麼高興,因為最近的上漲只是讓股價回到了一年前的水平。
Following the firm bounce in price, Zhejiang Huilong New MaterialsLtd's price-to-earnings (or "P/E") ratio of 36.5x might make it look like a 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 18x are quite common. Nonetheless, we'd need to dig a little deeper to determine if there is a rational basis for the elevated P/E.
隨着股價的強勁反彈,浙江滙龍新材料股份有限公司36.5倍的市盈率可能會讓它看起來像是賣出,而在中國,大約一半的公司的市盈率低於30倍,甚至市盈率低於18倍的情況也很常見。儘管如此,我們還需要更深入地挖掘,以確定市盈率上升是否有合理的基礎。
As an illustration, earnings have deteriorated at Zhejiang Huilong New MaterialsLtd over the last year, which is not ideal at all. One possibility is that the P/E is high because investors think the company will still do enough to outperform the broader market in the near future. You'd really hope so, otherwise you're paying a pretty hefty price for no particular reason.
舉個例子,浙江滙龍新材料有限公司過去一年的收入一直在惡化,這根本不是理想的情況。一種可能性是,市盈率很高,因為投資者認為該公司在不久的將來仍將採取足夠的措施來跑贏大盤。你真的希望如此,否則你會無緣無故地付出相當大的代價。
See our latest analysis for Zhejiang Huilong New MaterialsLtd
查看我們對浙江滙龍新材料有限公司的最新分析
What Are Growth Metrics Telling Us About The High P/E?
增長指標告訴我們關於高市盈率的哪些信息?
There's an inherent assumption that a company should outperform the market for P/E ratios like Zhejiang Huilong New MaterialsLtd's to be considered reasonable.
有一種固有的假設,即一家公司的市盈率應該超過市場,就像浙江滙龍新材料有限公司的市盈率被認為是合理的。
Retrospectively, the last year delivered a frustrating 20% decrease to the company's bottom line. Regardless, EPS has managed to lift by a handy 24% in aggregate from three years ago, thanks to the earlier period of growth. So we can start by confirming that the company has generally done a good job of growing earnings over that time, even though it had some hiccups along the way.
回顧過去一年,該公司的利潤令人沮喪地下降了20%。無論如何,得益於早期的增長,每股收益比三年前總共提高了24%。因此,我們可以從確認該公司在這段時間內總體上在收益增長方面做得很好開始,儘管在此過程中出現了一些小問題。
Comparing that to the market, which is predicted to deliver 38% growth in the next 12 months, the company's momentum is weaker based on recent medium-term annualised earnings results.
與預計未來12個月將實現38%增長的市場相比,根據最近的中期年化收益結果,該公司的增長勢頭較弱。
In light of this, it's alarming that Zhejiang Huilong New MaterialsLtd's P/E sits above the majority of other companies. It seems most investors are ignoring the fairly limited recent growth rates and are hoping for a turnaround in the company's business prospects. There's a good chance existing shareholders are setting themselves up for future disappointment if the P/E falls to levels more in line with recent growth rates.
有鑑於此,令人擔憂的是,浙江滙龍新材料有限公司的市盈率超過了大多數其他公司。似乎大多數投資者忽視了最近相當有限的增長率,並希望該公司的業務前景有所好轉。如果市盈率下降到與最近的增長率更一致的水平,現有股東很可能會讓自己未來感到失望。
The Bottom Line On Zhejiang Huilong New MaterialsLtd's P/E
浙江滙龍新材料股份有限公司市盈率的底線
The large bounce in Zhejiang Huilong New MaterialsLtd's shares has lifted the company's P/E to a fairly high level. We'd say the price-to-earnings ratio's power isn't primarily as a valuation instrument but rather to gauge current investor sentiment and future expectations.
浙江滙龍新材料股份有限公司股價的大幅反彈將該公司的市盈率提升到了相當高的水平。我們會説,市盈率的力量主要不是作為一種估值工具,而是衡量當前投資者的情緒和未來預期。
Our examination of Zhejiang Huilong New MaterialsLtd revealed its three-year earnings trends aren't impacting its high P/E anywhere near as much as we would have predicted, given they look worse than current market expectations. When we see weak earnings with slower than market growth, we suspect the share price is at risk of declining, sending the high P/E lower. Unless the recent medium-term conditions improve markedly, it's very challenging to accept these prices as being reasonable.
我們對浙江滙龍新材料有限公司的調查顯示,該公司三年的盈利趨勢對其高市盈率的影響並不像我們預期的那麼大,因為它們看起來比目前的市場預期更糟糕。當我們看到盈利疲軟、增長慢於市場增長時,我們懷疑股價有下跌的風險,導致高市盈率下降。除非最近的中期狀況明顯改善,否則要接受這些價格是合理的是非常具有挑戰性的。
You should always think about risks. Case in point, we've spotted 3 warning signs for Zhejiang Huilong New MaterialsLtd you should be aware of, and 1 of them is significant.
你應該時刻考慮風險。舉個例子,我們發現浙江滙龍新材料有限公司的3個警示標誌你應該意識到,其中1個是重要的。
Of course, you might also be able to find a better stock than Zhejiang Huilong New MaterialsLtd. So you may wish to see this free collection of other companies that sit on P/E's below 20x and have grown earnings strongly.
當然了,你也許還能找到比浙江滙龍新材料股份有限公司更好的庫存。所以你可能想看看這個免費市盈率低於20倍、盈利增長強勁的其他公司的集合。
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.
對這篇文章有什麼反饋嗎?擔心內容嗎? 保持聯繫直接與我們聯繫。或者,也可以給編輯組發電子郵件,地址是implywallst.com。
本文由Simply Wall St.撰寫,具有概括性。我們僅使用不偏不倚的方法提供基於歷史數據和分析師預測的評論,我們的文章並不打算作為財務建議。它不構成買賣任何股票的建議,也沒有考慮你的目標或你的財務狀況。我們的目標是為您帶來由基本面數據驅動的長期重點分析。請注意,我們的分析可能不會將最新的對價格敏感的公司公告或定性材料考慮在內。Simply Wall St.對上述任何一隻股票都沒有持倉。
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moomoo是Moomoo Technologies Inc.公司提供的金融資訊和交易應用程式。
在美國,moomoo上的投資產品和服務由Moomoo Financial Inc.提供,一家受美國證券交易委員會(SEC)監管的持牌主體。 Moomoo Financial Inc.是金融業監管局(FINRA)和證券投資者保護公司(SIPC)的成員。
在新加坡,moomoo上的投資產品和服務是通過Moomoo Financial Singapore Pte. Ltd.提供,該公司受新加坡金融管理局(MAS)監管(牌照號碼︰CMS101000) ,持有資本市場服務牌照 (CMS) ,持有財務顧問豁免(Exempt Financial Adviser)資質。本內容未經新加坡金融管理局的審查。
在澳大利亞,moomoo上的金融產品和服務是通過Futu Securities (Australia) Ltd提供,該公司是受澳大利亞證券和投資委員會(ASIC)監管的澳大利亞金融服務許可機構(AFSL No. 224663)。請閱讀並理解我們的《金融服務指南》、《條款與條件》、《隱私政策》和其他披露文件,這些文件可在我們的網站 https://www.moomoo.com/au中獲取。
在加拿大,透過moomoo應用程式提供的僅限訂單執行的券商服務由Moomoo Financial Canada Inc.提供,並受加拿大投資監管機構(CIRO)監管。
在馬來西亞,moomoo上的投資產品和服務是透過Moomoo Securities Malaysia Sdn. Bhd. 提供,該公司受馬來西亞證券監督委員會(SC)監管(牌照號碼︰eCMSL/A0397/2024) ,持有資本市場服務牌照 (CMSL) 。本內容未經馬來西亞證券監督委員會的審查。
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., 是關聯公司。
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