Kingboard Holdings Limited (HKG:148), is not the largest company out there, but it saw significant share price movement during recent months on the SEHK, rising to highs of HK$38.95 and falling to the lows of HK$21.95. Some share price movements can give investors a better opportunity to enter into the stock, and potentially buy at a lower price. A question to answer is whether Kingboard Holdings' current trading price of HK$21.95 reflective of the actual value of the mid-cap? Or is it currently undervalued, providing us with the opportunity to buy? Let's take a look at Kingboard Holdings's outlook and value based on the most recent financial data to see if there are any catalysts for a price change.
Check out our latest analysis for Kingboard Holdings
What Is Kingboard Holdings Worth?
The share price seems sensible at the moment according to my price multiple model, where I compare the company's price-to-earnings ratio to the industry average. I've used the price-to-earnings ratio in this instance because there's not enough visibility to forecast its cash flows. The stock's ratio of 2.26x is currently trading slightly below its industry peers' ratio of 6.87x, which means if you buy Kingboard Holdings today, you'd be paying a reasonable price for it. And if you believe that Kingboard Holdings should be trading at this level in the long run, then there's not much of an upside to gain over and above other industry peers. So, is there another chance to buy low in the future? Given that Kingboard Holdings's share is fairly volatile (i.e. its price movements are magnified relative to the rest of the market) this could mean the price can sink lower, giving us an opportunity to buy later on. This is based on its high beta, which is a good indicator for share price volatility.
What kind of growth will Kingboard Holdings generate?
SEHK:148 Earnings and Revenue Growth August 29th 2022
Future outlook is an important aspect when you're looking at buying a stock, especially if you are an investor looking for growth in your portfolio. Buying a great company with a robust outlook at a cheap price is always a good investment, so let's also take a look at the company's future expectations. Though in the case of Kingboard Holdings, it is expected to deliver a negative revenue growth of -6.0% over the next couple of years, which doesn't help build up its investment thesis. It appears that risk of future uncertainty is high, at least in the near term.
What This Means For You
Are you a shareholder? 148 seems priced close to industry peers right now, but given the uncertainty from negative returns in the future, this could be the right time to reduce the risk in your portfolio. Is your current exposure to the stock beneficial for your total portfolio? And is the opportunity cost of holding a negative-outlook stock too high? Before you make a decision on 148, take a look at whether its fundamentals have changed.
Are you a potential investor? If you've been keeping an eye on 148 for a while, now may not be the most optimal time to buy, given it is trading around industry price multiples. This means there's less benefit from mispricing. Furthermore, the negative growth outlook increases the risk of holding the stock. However, there are also other important factors we haven't considered today, which can help gel your views on 148 should the price fluctuate below the industry PE ratio.
So if you'd like to dive deeper into this stock, it's crucial to consider any risks it's facing. For example - Kingboard Holdings has 2 warning signs we think you should be aware of.
If you are no longer interested in Kingboard Holdings, you can use our free platform to see our list of over 50 other stocks with a high growth potential.
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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.
建滔集團有限公司(HKG:148)並不是最大的上市公司,但近幾個月來,該公司在聯交所的股價大幅波動,最高漲至38.95港元,最低跌至21.95港元。一些股價波動可以讓投資者有更好的機會買入股票,並有可能以更低的價格買入。一個需要回答的問題是,建滔控股目前21.95港元的交易價格是否反映了中型股的實際價值?或者,它目前被低估了,為我們提供了買入的機會?讓我們根據最新的財務數據來看看建滔控股的前景和價值,看看是否有任何推動價格變化的催化劑。
查看我們對建滔控股的最新分析
建滔控股值多少錢?
根據我的市盈率模型,該公司的市盈率與行業平均水平進行了比較,目前股價似乎是合理的。我之所以在這種情況下使用市盈率,是因為沒有足夠的可見性來預測其現金流。該股目前的市盈率為2.26倍,略低於業內同行6.87倍的市盈率,這意味着如果你今天買入建滔控股,你將支付一個合理的價格。如果你認為,從長遠來看,建滔控股的股價應該在這個水平上,那麼相對於其他行業同行,你就不會有太大的上漲空間。那麼,未來還有機會低接買入嗎?鑑於建滔控股的股價波動相當大(即其價格相對於市場其他部分的波動被放大),這可能意味着價格可能會下跌,給我們一個稍後買入的機會。這是基於其較高的貝塔係數,這是一個很好的股價波動指標。
建滔控股將帶來怎樣的增長?
聯交所:148盈利及收入增長2022年8月29日
當你考慮購買一隻股票時,未來前景是一個重要的方面,特別是如果你是一個尋求投資組合增長的投資者。以低廉的價格收購一家前景穩健的偉大公司永遠是一筆不錯的投資,所以讓我們也來看看該公司的未來預期。但就建滔控股而言,預計其未來幾年的營收將負增長-6.0%,這無助於其投資理念的確立。未來不確定性的風險似乎很高,至少在短期內是這樣。
這對你意味着什麼
你是股東嗎?148目前的定價似乎接近行業同行,但考慮到未來負回報的不確定性,現在可能是降低投資組合風險的合適時機。你目前對這隻股票的敞口對你的整個投資組合有利嗎?持有一隻前景負面的股票的機會成本是否過高?在你對148做出決定之前,先看看它的基本面是否發生了變化。
你是潛在的投資者嗎?如果你關注148已經有一段時間了,現在可能不是買入的最佳時機,因為它的交易價格在行業市盈率附近。這意味着,錯誤定價帶來的好處較少。此外,負增長前景增加了持有該股的風險。然而,我們今天還沒有考慮其他重要因素,如果價格波動低於行業市盈率,這些因素可以幫助你凝聚對148的看法。
因此,如果你想更深入地研究這隻股票,考慮它面臨的任何風險是至關重要的。例如-建滔控股擁有2個警告標誌我們認為你應該意識到。
如果您對建滔控股不再感興趣,您可以使用我們的免費平臺查看我們的其他50多隻具有高增長潛力的股票。
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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。