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China Glass Holdings Limited (HKG:3300) Shares Fly 26% But Investors Aren't Buying For Growth
China Glass Holdings Limited (HKG:3300) Shares Fly 26% But Investors Aren't Buying For Growth
Those holding China Glass Holdings Limited (HKG:3300) shares would be relieved that the share price has rebounded 26% in the last thirty days, but it needs to keep going to repair the recent damage it has caused to investor portfolios. Still, the 30-day jump doesn't change the fact that longer term shareholders have seen their stock decimated by the 54% share price drop in the last twelve months.
In spite of the firm bounce in price, China Glass Holdings' price-to-earnings (or "P/E") ratio of 2.6x might still make it look like a strong buy right now compared to the market in Hong Kong, where around half of the companies have P/E ratios above 9x and even P/E's above 19x are quite common. However, the P/E might be quite low for a reason and it requires further investigation to determine if it's justified.
China Glass Holdings certainly has been doing a good job lately as its earnings growth has been positive while most other companies have been seeing their earnings go backwards. It might be that many expect the strong earnings performance to degrade substantially, possibly more than the market, which has repressed the P/E. If not, then existing shareholders have reason to be quite optimistic about the future direction of the share price.
See our latest analysis for China Glass Holdings
SEHK:3300 Price Based on Past Earnings December 5th 2022 Want the full picture on analyst estimates for the company? Then our free report on China Glass Holdings will help you uncover what's on the horizon.Does Growth Match The Low P/E?
China Glass Holdings' P/E ratio would be typical for a company that's expected to deliver very poor growth or even falling earnings, and importantly, perform much worse than the market.
Retrospectively, the last year delivered an exceptional 31% gain to the company's bottom line. Pleasingly, EPS has also lifted 409% in aggregate from three years ago, thanks to the last 12 months of growth. So we can start by confirming that the company has done a great job of growing earnings over that time.
Shifting to the future, estimates from the only analyst covering the company suggest earnings growth is heading into negative territory, declining 46% over the next year. Meanwhile, the broader market is forecast to expand by 17%, which paints a poor picture.
In light of this, it's understandable that China Glass Holdings' P/E would sit below the majority of other companies. However, shrinking earnings are unlikely to lead to a stable P/E over the longer term. Even just maintaining these prices could be difficult to achieve as the weak outlook is weighing down the shares.
What We Can Learn From China Glass Holdings' P/E?
Even after such a strong price move, China Glass Holdings' P/E still trails the rest of the market significantly. 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.
We've established that China Glass Holdings maintains its low P/E on the weakness of its forecast for sliding earnings, as expected. At this stage investors feel the potential for an improvement in earnings isn't great enough to justify a higher P/E ratio. Unless these conditions improve, they will continue to form a barrier for the share price around these levels.
It is also worth noting that we have found 2 warning signs for China Glass Holdings that you need to take into consideration.
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.
持有者中國玻璃控股有限公司(HKG:3300)股價在過去30天反彈26%,股價會鬆一口氣,但它需要繼續努力修復最近對投資者投資組合造成的損害。儘管如此,30天的漲幅並沒有改變這樣一個事實,即較長期股東的股票在過去12個月裏因股價下跌54%而大幅下挫。
儘管股價強勁反彈,但中國玻璃控股2.6倍的市盈率,與香港市場相比,目前看起來仍是一筆強勁的買入。在香港,大約一半的公司的市盈率高於9倍,甚至市盈率高於19倍的情況也很常見。然而,市盈率可能相當低是有原因的,需要進一步調查才能確定它是否合理。
中國玻璃控股最近肯定做得很好,因為它的收益增長是正的,而其他大多數公司的收益都在倒退。許多人可能預計強勁的盈利表現將大幅下降,可能比抑制市盈率的市場更嚴重。如果不是這樣,那麼現有股東有理由對股價未來的走勢相當樂觀。
參見我們對中國玻璃控股的最新分析
聯交所:3300價格基於過去的收益2022年12月5日想要了解分析師對該公司的全面預期嗎?那麼我們的免費關於中國玻璃控股的報道將幫助你發現地平線上的事情。增長是否與低市盈率相匹配?
中國玻璃控股的市盈率對於一家預計將出現非常糟糕的增長甚至盈利下降的公司來説是典型的,更重要的是,它的表現比市場差得多。
回顧過去一年,公司的利潤實現了31%的不同尋常的增長。令人欣喜的是,由於過去12個月的增長,每股收益也比三年前上漲了409%。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。
展望未來,唯一一位跟蹤該公司的分析師的估計顯示,該公司的收益增長將進入負值區域,明年將下降46%。與此同時,更廣泛的市場預計將增長17%,這描繪了一幅糟糕的圖景。
有鑑於此,中國玻璃控股的市盈率低於其他大多數公司也是可以理解的。然而,收益縮水不太可能帶來長期穩定的市盈率。即使只是維持這些價格也可能很難實現,因為疲軟的前景正在拖累股價。
中國玻璃控股的市盈率給我們什麼啟示?
即使在如此強勁的價格變動之後,中國玻璃控股公司的市盈率仍明顯落後於市場其他股票。僅僅用市盈率來決定你是否應該出售你的股票是不明智的,但它可以成為公司未來前景的實用指南。
我們已經確定,中國玻璃控股公司一如預期,由於盈利下滑預期疲軟,維持了低市盈率。在這個階段,投資者認為盈利改善的潛力還不夠大,不足以證明提高市盈率是合理的。除非這些條件得到改善,否則它們將繼續對股價在這些水平附近形成障礙。
同樣值得注意的是,我們發現中國玻璃控股公司的2個警告信號這是你需要考慮的。
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。
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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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。
風險及免責聲明
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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