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Snack Empire Holdings Limited's (HKG:1843) 40% Share Price Surge Not Quite Adding Up
Snack Empire Holdings Limited's (HKG:1843) 40% Share Price Surge Not Quite Adding Up
Snack Empire Holdings Limited (HKG:1843) shareholders would be excited to see that the share price has had a great month, posting a 40% gain and recovering from prior weakness. But the gains over the last month weren't enough to make shareholders whole, as the share price is still down 3.9% in the last twelve months.
After such a large jump in price, Snack Empire Holdings' price-to-earnings (or "P/E") ratio of 18.6x might make it look like a strong sell right now compared to the market in Hong Kong, where around half of the companies have P/E ratios below 9x and even P/E's below 5x 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.
Recent times have been quite advantageous for Snack Empire Holdings as its earnings have been rising very briskly. It seems that many are expecting the strong earnings performance to beat most other companies over the coming period, which has increased investors' willingness to pay up for the stock. If not, then existing shareholders might be a little nervous about the viability of the share price.
See our latest analysis for Snack Empire Holdings
SEHK:1843 Price Based on Past Earnings July 22nd 2022 Although there are no analyst estimates available for Snack Empire Holdings, take a look at this free data-rich visualisation to see how the company stacks up on earnings, revenue and cash flow.Does Growth Match The High P/E?
In order to justify its P/E ratio, Snack Empire Holdings would need to produce outstanding growth well in excess of the market.
Taking a look back first, we see that the company grew earnings per share by an impressive 173% last year. Still, incredibly EPS has fallen 6.4% in total from three years ago, which is quite disappointing. So unfortunately, we have to acknowledge that the company has not done a great job of growing earnings over that time.
In contrast to the company, the rest of the market is expected to grow by 15% over the next year, which really puts the company's recent medium-term earnings decline into perspective.
In light of this, it's alarming that Snack Empire Holdings' P/E 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. Only the boldest would assume these prices are sustainable as a continuation of recent earnings trends is likely to weigh heavily on the share price eventually.
The Key Takeaway
The strong share price surge has got Snack Empire Holdings' P/E rushing to great heights as well. 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 Snack Empire Holdings currently trades on a much higher than expected P/E since its recent earnings have been in decline over the medium-term. When we see earnings heading backwards and underperforming the market forecasts, we suspect the share price is at risk of declining, sending the high P/E lower. If recent medium-term earnings trends continue, it will place shareholders' investments at significant risk and potential investors in danger of paying an excessive premium.
Don't forget that there may be other risks. For instance, we've identified 4 warning signs for Snack Empire Holdings (1 is a bit unpleasant) you should be aware of.
You might be able to find a better investment than Snack Empire Holdings. 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.
小吃帝國控股有限公司(HKG:1843)股東將興奮地看到股價在一個月內表現出色,上漲了40%,並從之前的疲軟中恢復過來。但過去一個月的漲幅不足以讓股東們變得完整,因為該公司股價在過去12個月裏仍下跌了3.9%。
在股價大幅上漲後,零食帝國控股18.6倍的市盈率可能會讓它看起來像是一個強勁的賣盤。在香港,大約一半的公司的市盈率低於9倍,甚至低於5倍的市盈率也很常見。然而,僅僅從表面上看待市盈率是不明智的,因為可能會有一個解釋,為什麼它如此之高。
最近對零食帝國控股公司來説是相當有利的,因為它的收益一直在快速增長。似乎很多人都預計,蘋果強勁的盈利表現將在未來一段時間內超過大多數其他公司,這增加了投資者買入該股的意願。如果不是,那麼現有股東可能會對股價的生存能力感到有點緊張。
查看我們對零食帝國控股公司的最新分析
聯交所:1843基於過去收益的價格2022年7月22日雖然沒有分析師對零食帝國控股公司的估計,但看看這個。免費豐富的數據可視化,看看公司的收益、收入和現金流是如何堆積的。增長是否與高市盈率相匹配?
為了證明其市盈率是合理的,零食帝國控股公司需要實現遠遠超出市場的出色增長。
首先回顧一下,我們看到該公司去年每股收益增長了173%,令人印象深刻。儘管如此,令人難以置信的是,每股收益比三年前總共下降了6.4%,這相當令人失望。因此,不幸的是,我們不得不承認,在這段時間裏,該公司在盈利增長方面做得並不出色。
與該公司形成鮮明對比的是,市場其他部分預計明年將增長15%,這確實讓人對該公司最近中期收益的下降有了正確的認識。
有鑑於此,零食帝國控股公司的市盈率高於其他大多數公司,這是令人擔憂的。顯然,該公司的許多投資者比最近的情況所顯示的要樂觀得多,不願以任何價格拋售他們的股票。只有最大膽的人才會認為這些價格是可持續的,因為最近盈利趨勢的延續最終可能會對股價造成沉重壓力。
關鍵的外賣
強勁的股價飆升也使零食帝國控股的市盈率飆升至極高水平。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。
我們已經確定,Snack Empire Holdings目前的市盈率遠遠高於預期,因為它最近的收益在中期內一直在下降。當我們看到盈利出現倒退,表現遜於市場預期時,我們懷疑股價有下跌的風險,導致高市盈率走低。如果近期的中期盈利趨勢持續下去,將使股東的投資面臨重大風險,潛在投資者面臨支付過高溢價的危險。
別忘了,可能還有其他風險。例如,我們已經確定零食帝國控股公司的4個警告信號(1有點令人不快)你應該知道。
你也許能找到比零食帝國控股更好的投資。如果您想要選擇可能的候選人,請查看以下內容免費令人感興趣的市盈率低於20倍的公司名單(但已證明它們可以增加收益)。
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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