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Unpleasant Surprises Could Be In Store For 3Peak Incorporated's (SHSE:688536) Shares
Unpleasant Surprises Could Be In Store For 3Peak Incorporated's (SHSE:688536) Shares
With a price-to-earnings (or "P/E") ratio of 79.8x 3Peak Incorporated (SHSE:688536) may be sending very bearish signals at the moment, given that almost half of all companies in China have P/E ratios under 33x and even P/E's lower than 20x are not unusual. Nonetheless, we'd need to dig a little deeper to determine if there is a rational basis for the highly elevated P/E.
3Peak certainly has been doing a good job lately as it's been growing earnings more than most other companies. It seems that many are expecting the strong earnings performance to persist, which has raised the P/E. If not, then existing shareholders might be a little nervous about the viability of the share price.
Check out our latest analysis for 3Peak
SHSE:688536 Price Based on Past Earnings June 22nd 2022 If you'd like to see what analysts are forecasting going forward, you should check out our free report on 3Peak.What Are Growth Metrics Telling Us About The High P/E?
The only time you'd be truly comfortable seeing a P/E as steep as 3Peak's is when the company's growth is on track to outshine the market decidedly.
Taking a look back first, we see that the company grew earnings per share by an impressive 156% last year. However, the latest three year period hasn't been as great in aggregate as it didn't manage to provide any growth at all. Accordingly, shareholders probably wouldn't have been overly satisfied with the unstable medium-term growth rates.
Turning to the outlook, the next three years should generate growth of 26% per year as estimated by the seven analysts watching the company. That's shaping up to be similar to the 27% each year growth forecast for the broader market.
In light of this, it's curious that 3Peak's P/E sits above the majority of other companies. Apparently many investors in the company are more bullish than analysts indicate and aren't willing to let go of their stock right now. These shareholders may be setting themselves up for disappointment if the P/E falls to levels more in line with the growth outlook.
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.
Our examination of 3Peak's analyst forecasts revealed that its market-matching earnings outlook isn't impacting its high P/E as much as we would have predicted. When we see an average earnings outlook with market-like growth, we suspect the share price is at risk of declining, sending the high P/E lower. Unless these conditions improve, it's challenging to accept these prices as being reasonable.
It's always necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with 3Peak (at least 1 which doesn't sit too well with us), and understanding them should be part of your investment process.
Of course, you might also be able to find a better stock than 3Peak. 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.
With a price-to-earnings (or "P/E") ratio of 79.8x 3Peak Incorporated (SHSE:688536) may be sending very bearish signals at the moment, given that almost half of all companies in China have P/E ratios under 33x and even P/E's lower than 20x are not unusual. Nonetheless, we'd need to dig a little deeper to determine if there is a rational basis for the highly elevated P/E.
市盈率(或 “市盈率”)爲79.8倍 3Peak 公司 (SHSE: 688536)目前可能發出了非常看跌的信號,因爲中國幾乎有一半的公司的市盈率低於33倍,即使市盈率低於20倍也並不罕見。儘管如此,我們需要更深入地挖掘,以確定市盈率大幅上漲是否有合理的基礎。
3Peak certainly has been doing a good job lately as it's been growing earnings more than most other companies. It seems that many are expecting the strong earnings performance to persist, which has raised the P/E. If not, then existing shareholders might be a little nervous about the viability of the share price.
3Peak最近確實做得很好,因爲它的收益增長幅度超過了大多數其他公司。看來許多人預計強勁的盈利表現將持續下去,這提高了市盈率。否則,現有股東可能會對股價的可行性有點緊張。
Check out our latest analysis for 3Peak
查看我們對 3Peak 的最新分析
What Are Growth Metrics Telling Us About The High P/E?
關於高市盈率,增長指標告訴我們甚麼?
The only time you'd be truly comfortable seeing a P/E as steep as 3Peak's is when the company's growth is on track to outshine the market decidedly.
看到像3Peak這樣高的市盈率唯一能讓你真正放心的時候是公司的增長有望絕對超過市場的時候。
Taking a look back first, we see that the company grew earnings per share by an impressive 156% last year. However, the latest three year period hasn't been as great in aggregate as it didn't manage to provide any growth at all. Accordingly, shareholders probably wouldn't have been overly satisfied with the unstable medium-term growth rates.
首先回顧一下,我們發現該公司去年的每股收益增長了令人印象深刻的156%。但是,最近三年的總體表現並不那麼好,因爲它根本沒有帶來任何增長。因此,股東們可能不會對不穩定的中期增長率過於滿意。
Turning to the outlook, the next three years should generate growth of 26% per year as estimated by the seven analysts watching the company. That's shaping up to be similar to the 27% each year growth forecast for the broader market.
關於前景,正如關注該公司的七位分析師所估計的那樣,未來三年將實現每年26%的增長。這與整個市場每年27%的增長預測相似。
In light of this, it's curious that 3Peak's P/E sits above the majority of other companies. Apparently many investors in the company are more bullish than analysts indicate and aren't willing to let go of their stock right now. These shareholders may be setting themselves up for disappointment if the P/E falls to levels more in line with the growth outlook.
有鑑於此,奇怪的是,3Peak的市盈率高於大多數其他公司。顯然,該公司的許多投資者比分析師所表示的更爲看漲,並且目前不願意放棄股票。如果市盈率降至更符合增長前景的水平,這些股東可能會感到失望。
The Key Takeaway
關鍵要點
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.
僅使用市盈率來確定是否應該出售股票是不明智的,但它可以作爲公司未來前景的實用指南。
Our examination of 3Peak's analyst forecasts revealed that its market-matching earnings outlook isn't impacting its high P/E as much as we would have predicted. When we see an average earnings outlook with market-like growth, we suspect the share price is at risk of declining, sending the high P/E lower. Unless these conditions improve, it's challenging to accept these prices as being reasonable.
我們對3Peak分析師預測的審查顯示,其與市場匹配的收益前景對其高市盈率的影響沒有我們預期的那麼大。當我們看到像市場一樣增長的平均收益前景時,我們懷疑股價有下跌的風險,從而使高市盈率走低。除非這些條件得到改善,否則很難接受這些價格是合理的。
It's always necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with 3Peak (at least 1 which doesn't sit too well with us), and understanding them should be part of your investment process.
始終需要考慮永遠存在的投資風險幽靈。 我們已經在 3Peak 上發現了 2 個警告信號 (至少 1 個對我們來說不太合適),瞭解它們應該是你投資過程的一部分。
Of course, you might also be able to find a better stock than 3Peak. 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, 你也許還能找到比 3Peak 更好的股票。所以你可能希望看到這個 免費的 其他市盈率低於20倍且收益強勁增長的公司的集合。
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.
對這篇文章有反饋嗎?對內容感到擔憂? 取得聯繫 直接和我們聯繫。 或者,給編輯團隊 (at) simplywallst.com 發送電子郵件。
Simply Wall St 的這篇文章本質上是一般性的。 我們僅使用公正的方法提供基於歷史數據和分析師預測的評論,我們的文章無意提供財務建議。 它不構成買入或賣出任何股票的建議,也沒有考慮您的目標或財務狀況。我們的目標是爲您提供由基本面數據驅動的長期重點分析。請注意,我們的分析可能未將最新的價格敏感型公司公告或定性材料考慮在內。簡而言之,華爾街對上述任何股票都沒有頭寸。
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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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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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