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What Sichuan Huiyuan Optical Communication Co., Ltd.'s (SZSE:000586) 27% Share Price Gain Is Not Telling You
What Sichuan Huiyuan Optical Communication Co., Ltd.'s (SZSE:000586) 27% Share Price Gain Is Not Telling You
Sichuan Huiyuan Optical Communication Co., Ltd. (SZSE:000586) shares have continued their recent momentum with a 27% gain in the last month alone. Looking further back, the 22% rise over the last twelve months isn't too bad notwithstanding the strength over the last 30 days.
After such a large jump in price, Sichuan Huiyuan Optical Communication may be sending very bearish signals at the moment with a price-to-earnings (or "P/E") ratio of 75.8x, since almost half of all companies in China have P/E ratios under 35x 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.
As an illustration, earnings have deteriorated at Sichuan Huiyuan Optical Communication 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. If not, then existing shareholders may be quite nervous about the viability of the share price.
View our latest analysis for Sichuan Huiyuan Optical Communication
SZSE:000586 Price Based on Past Earnings August 10th 2022 Want the full picture on earnings, revenue and cash flow for the company? Then our free report on Sichuan Huiyuan Optical Communication will help you shine a light on its historical performance.What Are Growth Metrics Telling Us About The High P/E?
In order to justify its P/E ratio, Sichuan Huiyuan Optical Communication would need to produce outstanding growth well in excess of the market.
Taking a look back first, the company's earnings per share growth last year wasn't something to get excited about as it posted a disappointing decline of 13%. This has erased any of its gains during the last three years, with practically no change in EPS being achieved in total. So it appears to us that the company has had a mixed result in terms of growing earnings over that time.
Weighing that recent medium-term earnings trajectory against the broader market's one-year forecast for expansion of 37% shows it's noticeably less attractive on an annualised basis.
In light of this, it's alarming that Sichuan Huiyuan Optical Communication'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. 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 Bottom Line On Sichuan Huiyuan Optical Communication's P/E
Sichuan Huiyuan Optical Communication's P/E is flying high just like its stock has during the last month. Generally, our preference is to limit the use of the price-to-earnings ratio to establishing what the market thinks about the overall health of a company.
Our examination of Sichuan Huiyuan Optical Communication 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. 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.
A lot of potential risks can sit within a company's balance sheet. Take a look at our free balance sheet analysis for Sichuan Huiyuan Optical Communication with six simple checks on some of these key factors.
If you're unsure about the strength of Sichuan Huiyuan Optical Communication's business, why not explore our interactive list of stocks with solid business fundamentals for some other companies you may have missed.
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.
四川滙源光通信有限公司。(SZSE:000586)僅在過去一個月,股價就延續了近期的勢頭,上漲了27%。再往前看,過去12個月22%的漲幅並不算太糟糕,儘管過去30天的漲勢很強勁。
在股價如此大幅上漲後,四川滙源光通目前可能發出了非常看跌的信號,市盈率(P/E)為75.8倍,因為中國幾乎一半的公司的市盈率低於35倍,即使市盈率低於20倍也並不罕見。儘管如此,我們還需要更深入地挖掘,以確定市盈率大幅上升是否有合理的基礎。
舉例來説,過去一年,四川滙源光通的盈利狀況一直在惡化,這一點也不理想。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。如果不是,那麼現有股東可能會對股價的生存能力感到相當緊張。
查看我們對四川滙源光通信的最新分析
SZSE:000586基於過去收益的價格2022年8月10日想要了解公司的收益、收入和現金流的全貌嗎?那麼我們的免費四川滙源光通報道,助您一窺滙源光通的歷史業績。增長指標告訴我們關於高市盈率的哪些信息?
為了證明其市盈率是合理的,四川滙源光通信需要實現遠遠超出市場的顯著增長。
首先回顧一下,該公司去年的每股收益增長並不是什麼令人興奮的事情,因為它公佈了令人失望的下降13%。這抹去了它在過去三年中的任何收益,每股收益幾乎沒有任何變化。因此,在我們看來,在這段時間裏,該公司在收益增長方面的結果好壞參半。
將最近的中期收益軌跡與大盤一年增長37%的預期進行比較,結果顯示,按年率計算,它的吸引力明顯下降。
有鑑於此,四川滙源光通的市盈率高於其他大多數公司,這是令人擔憂的。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。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。
四川滙源光纖通信市盈率底線
四川滙源光通信的市盈率飆升,就像它的股票在過去一個月裏一樣。一般來説,我們傾向於限制市盈率的使用,以確定市場對公司整體健康狀況的看法。
我們對四川滙源光通信的調查顯示,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,因為它們看起來比當前市場預期的要差。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。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。
一家公司的資產負債表中可能隱藏着許多潛在風險。看看我們的免費對四川滙源光通的資產負債表進行了分析,並對其中的一些關鍵因素進行了六個簡單的檢查。
如果你.不確定四川滙源光通信業務的實力,為什麼不探索我們的互動列表,為其他一些你可能沒有達到預期的公司提供堅實的商業基本面。
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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