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China Xinhua Education Group Limited (HKG:2779) Surges 28% Yet Its Low P/E Is No Reason For Excitement
China Xinhua Education Group Limited (HKG:2779) Surges 28% Yet Its Low P/E Is No Reason For Excitement
China Xinhua Education Group Limited (HKG:2779) shareholders have had their patience rewarded with a 28% share price jump in the last month. Unfortunately, the gains of the last month did little to right the losses of the last year with the stock still down 32% over that time.
Even after such a large jump in price, China Xinhua Education Group may still be sending bullish signals at the moment with its price-to-earnings (or "P/E") ratio of 5.7x, since almost half of all companies in Hong Kong have P/E ratios greater than 9x and even P/E's higher than 20x are not unusual. Although, it's not wise to just take the P/E at face value as there may be an explanation why it's limited.
China Xinhua Education Group has been doing a good job lately as it's been growing earnings at a solid pace. One possibility is that the P/E is low because investors think this respectable earnings growth might actually underperform the broader market in the near future. If you like the company, you'd be hoping this isn't the case so that you could potentially pick up some stock while it's out of favour.
See our latest analysis for China Xinhua Education Group
SEHK:2779 Price Based on Past Earnings June 17th 2022 Although there are no analyst estimates available for China Xinhua Education Group, take a look at this free data-rich visualisation to see how the company stacks up on earnings, revenue and cash flow.What Are Growth Metrics Telling Us About The Low P/E?
There's an inherent assumption that a company should underperform the market for P/E ratios like China Xinhua Education Group's to be considered reasonable.
If we review the last year of earnings growth, the company posted a worthy increase of 9.0%. This was backed up an excellent period prior to see EPS up by 30% in total over the last three years. So we can start by confirming that the company has done a great job of growing earnings over that time.
This is in contrast to the rest of the market, which is expected to grow by 16% over the next year, materially higher than the company's recent medium-term annualised growth rates.
With this information, we can see why China Xinhua Education Group is trading at a P/E lower than the market. It seems most investors are expecting to see the recent limited growth rates continue into the future and are only willing to pay a reduced amount for the stock.
The Bottom Line On China Xinhua Education Group's P/E
China Xinhua Education Group's stock might have been given a solid boost, but its P/E certainly hasn't reached any great heights. It's argued the price-to-earnings ratio is an inferior measure of value within certain industries, but it can be a powerful business sentiment indicator.
We've established that China Xinhua Education Group maintains its low P/E on the weakness of its recent three-year growth being lower than the wider market forecast, as expected. Right now shareholders are accepting the low P/E as they concede future earnings probably won't provide any pleasant surprises. Unless the recent medium-term conditions improve, they will continue to form a barrier for the share price around these levels.
Don't forget that there may be other risks. For instance, we've identified 2 warning signs for China Xinhua Education Group that you should be aware of.
Of course, you might find a fantastic investment by looking at a few good candidates. So take a peek at this free list of companies with a strong growth track record, trading on a P/E below 20x.
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.
China Xinhua Education Group Limited (HKG:2779) shareholders have had their patience rewarded with a 28% share price jump in the last month. Unfortunately, the gains of the last month did little to right the losses of the last year with the stock still down 32% over that time.
中國新華教育集團有限公司(HKG:2779)股東的耐心得到了回報,股價在過去一個月上漲了28%。不幸的是,上個月的收益幾乎沒有彌補去年的損失,在此期間,該股仍下跌了32%。
Even after such a large jump in price, China Xinhua Education Group may still be sending bullish signals at the moment with its price-to-earnings (or "P/E") ratio of 5.7x, since almost half of all companies in Hong Kong have P/E ratios greater than 9x and even P/E's higher than 20x are not unusual. Although, it's not wise to just take the P/E at face value as there may be an explanation why it's limited.
即使在股價大幅上漲之後,中國新華教育集團目前可能仍在發出看漲信號,其市盈率為5.7倍,因為香港幾乎一半的公司的市盈率高於9倍,即使市盈率高於20倍也並不罕見。儘管如此,僅僅以面值來看待市盈率是不明智的,因為可能會有一個解釋為什麼它是有限的。
China Xinhua Education Group has been doing a good job lately as it's been growing earnings at a solid pace. One possibility is that the P/E is low because investors think this respectable earnings growth might actually underperform the broader market in the near future. If you like the company, you'd be hoping this isn't the case so that you could potentially pick up some stock while it's out of favour.
中國新華教育集團最近做得很好,它的收益一直在穩步增長。一種可能性是,市盈率較低是因為投資者認為,這種可觀的盈利增長在不久的將來實際上可能會遜於大盤。如果你喜歡這家公司,你會希望情況並非如此,這樣你就可以在它不再受青睞的時候買入一些股票。
See our latest analysis for China Xinhua Education Group
查看我們對中國新華教育集團的最新分析
What Are Growth Metrics Telling Us About The Low P/E?
增長指標告訴我們關於低市盈率的哪些信息?
There's an inherent assumption that a company should underperform the market for P/E ratios like China Xinhua Education Group's to be considered reasonable.
有一種固有的假設,即一家公司的市盈率應該低於市場,比如中國新華教育集團的市盈率才被認為是合理的。
If we review the last year of earnings growth, the company posted a worthy increase of 9.0%. This was backed up an excellent period prior to see EPS up by 30% in total over the last three years. So we can start by confirming that the company has done a great job of growing earnings over that time.
如果我們回顧去年的收益增長,該公司公佈了9.0%的合理增長。這是在過去三年每股收益總計增長30%之前的一段很好的時期內得到了支持。因此,我們可以從確認該公司在這段時間內在增長收益方面做得很好開始。
This is in contrast to the rest of the market, which is expected to grow by 16% over the next year, materially higher than the company's recent medium-term annualised growth rates.
這與其他市場形成對比,後者預計明年將增長16%,大大高於該公司最近的中期年化增長率。
With this information, we can see why China Xinhua Education Group is trading at a P/E lower than the market. It seems most investors are expecting to see the recent limited growth rates continue into the future and are only willing to pay a reduced amount for the stock.
有了這些信息,我們就可以理解為什麼中國新華教育集團的市盈率低於市場。似乎大多數投資者都預計,最近有限的增長率將持續到未來,他們只願意為該股支付較低的價格。
The Bottom Line On China Xinhua Education Group's P/E
中國新華教育集團市盈率底線
China Xinhua Education Group's stock might have been given a solid boost, but its P/E certainly hasn't reached any great heights. It's argued the price-to-earnings ratio is an inferior measure of value within certain industries, but it can be a powerful business sentiment indicator.
中國新華教育集團的股票可能得到了強勁的提振,但其市盈率肯定沒有達到任何很高的水平。有人認為,市盈率是衡量某些行業價值的次要指標,但它可以成為一個強大的商業信心指標。
We've established that China Xinhua Education Group maintains its low P/E on the weakness of its recent three-year growth being lower than the wider market forecast, as expected. Right now shareholders are accepting the low P/E as they concede future earnings probably won't provide any pleasant surprises. Unless the recent medium-term conditions improve, they will continue to form a barrier for the share price around these levels.
我們已經確定,中國新華教育集團維持其低市盈率,原因是其最近三年的增長低於更廣泛的市場預期,正如預期的那樣。目前,股東們正在接受低市盈率,因為他們承認,未來的收益可能不會帶來任何令人愉快的驚喜。除非近期的中期狀況有所改善,否則將繼續在這些水平附近形成股價障礙。
Don't forget that there may be other risks. For instance, we've identified 2 warning signs for China Xinhua Education Group that you should be aware of.
別忘了,可能還有其他風險。例如,我們已經確定中國新華教育集團的2個警示信號這一點你應該知道。
Of course, you might find a fantastic investment by looking at a few good candidates. So take a peek at this free list of companies with a strong growth track record, trading on a P/E below 20x.
當然了,通過觀察幾個優秀的候選人,你可能會發現這是一項非常棒的投資。所以讓我們來看看這個免費業績表現強勁、市盈率低於20倍的公司名單。
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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