China Tourism Group Duty Free Corporation Limited (SHSE:601888) saw a significant share price rise of over 20% in the past couple of months on the SHSE. As a large-cap stock with high coverage by analysts, you could assume any recent changes in the company's outlook is already priced into the stock. However, could the stock still be trading at a relatively cheap price? Let's examine China Tourism Group Duty Free's valuation and outlook in more detail to determine if there's still a bargain opportunity.
Check out our latest analysis for China Tourism Group Duty Free
What Is China Tourism Group Duty Free Worth?
According to my price multiple model, where I compare the company's price-to-earnings ratio to the industry average, the stock currently looks expensive. In this instance, I've used the price-to-earnings (PE) ratio given that there is not enough information to reliably forecast the stock's cash flows. I find that China Tourism Group Duty Free's ratio of 76.61x is above its peer average of 27.56x, which suggests the stock is trading at a higher price compared to the Specialty Retail industry. If you like the stock, you may want to keep an eye out for a potential price decline in the future. Given that China Tourism Group Duty Free'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 another chance to buy in the future. This is based on its high beta, which is a good indicator for share price volatility.
What kind of growth will China Tourism Group Duty Free generate?
SHSE:601888 Earnings and Revenue Growth December 9th 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. Although value investors would argue that it's the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price. China Tourism Group Duty Free's earnings over the next few years are expected to double, indicating a very optimistic future ahead. This should lead to stronger cash flows, feeding into a higher share value.
What This Means For You
Are you a shareholder? It seems like the market has well and truly priced in 601888's positive outlook, with shares trading above industry price multiples. At this current price, shareholders may be asking a different question – should I sell? If you believe 601888 should trade below its current price, selling high and buying it back up again when its price falls towards the industry PE ratio can be profitable. But before you make this decision, take a look at whether its fundamentals have changed.
Are you a potential investor? If you've been keeping tabs on 601888 for some time, now may not be the best time to enter into the stock. The price has surpassed its industry peers, which means it is likely that there is no more upside from mispricing. However, the optimistic prospect is encouraging for 601888, which means it's worth diving deeper into other factors in order to take advantage of the next price drop.
With this in mind, we wouldn't consider investing in a stock unless we had a thorough understanding of the risks. To that end, you should learn about the 4 warning signs we've spotted with China Tourism Group Duty Free (including 1 which is a bit concerning).
If you are no longer interested in China Tourism Group Duty Free, you can use our free platform to see our list of over 50 other stocks with a high growth potential.
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.
中國旅遊集團免稅集團有限公司(上海證券交易所股票代號:601888)在過去數個月內大幅上漲超過 20%。作為分析師覆蓋率高的大型股票,您可以假設公司前景的任何最新變化已經定價到股票中。但是,股票是否仍然以相對便宜的價格進行交易?讓我們更詳細地研究中國旅遊集團的估值和展望,以確定是否仍然有便宜機會。
查看我們的中國旅遊集團免稅店最新分析
中國旅遊集團的免稅價值是多少?
根據我的價格多種模式,我將公司的價格盈利比與行業平均水平進行比較,股票目前看起來很昂貴。在這種情況下,由於沒有足夠的信息來可靠地預測股票的現金流,我使用了價格對盈利(PE)的比率。我發現中國旅遊集團免稅店的 76.61x 比率高於同行平均水平 27.56 倍,這表明股票的交易價格較專業零售業更高。如果您喜歡股票,您可能希望留意未來潛在的價格下跌。鑑於中國旅遊集團免稅店的股份相當波動(即相對於市場其他地區的價格變動被放大),這可能意味著價格可能會下跌,使我們將來有另一個購買機會。這是基於其高 beta 值,這是股價波動的一個很好的指標。
中國旅遊集團免稅店會帶來怎樣的增長?
瑞士股份有限公司:601888 盈利及營收增長 2022 年十二月九日
當您考慮購買股票時,未來前景是一個重要的方面,尤其是如果您是尋求投資組合增長的投資者。儘管價值投資者會認為這是相對於最重要的價格的內在價值,但更具吸引力的投資論文將是以低廉的價格獲得高增長潛力。中國旅遊集團免稅店未來幾年的盈利預計將翻倍,表明未來將非常樂觀。這應該導致更強大的現金流,進入更高的股票價值。
這對您意味著什麼
您是股東嗎? 在 601888 年的積極前景中,市場看起來很好,真正的價格,股票交易高於行業價格倍數。以目前的價格,股東可能會問一個不同的問題-我應該賣出嗎?如果您認為 601888 應該低於其當前價格進行交易,那麼當其價格降至行業 PE 比率時,高價賣出並再次購買它可以獲利。但是在你做出這個決定之前,先看看它的基本面是否已經改變。
您是潛在投資者嗎? 如果您一直在關注 601888 一段時間,那麼現在可能不是進入該股票的最佳時機。價格已經超過了其行業同行,這意味著很可能沒有錯誤的上漲空間。但是,601888 的樂觀前景令人鼓舞,這意味著值得更深入地研究其他因素以利用下一次價格下跌的優勢。
考慮到這一點,除非我們對風險有徹底的了解,否則我們不會考慮投資股票。為此,您應該了解 4 警告標誌 我們已經發現了中國旅遊集團免稅店(包括一個有點擔憂)。
如果您不再對中國旅遊集團免稅店感興趣,您可以使用我們的免費平台查看我們超過 50 種具有高增長潛力的其他股票列表。
對這篇文章有反饋嗎?關注內容? 取得聯繫 直接與我們聯繫。 或者,通過電子郵件發送電子郵件給編輯團隊。
這篇文章由簡單牆聖是一般性質. 我們僅使用公正的方法,根據歷史數據和分析師預測提供評論,我們的文章並不打算作為財務建議。 它並不構成購買或出售任何股票的建議,也不會考慮您的目標或您的財務狀況。我們的目標是為您帶來由基本數據驅動的長期集中分析。請注意,我們的分析可能不會考慮最新的價格敏感公司公告或定性材料。簡易華街在提及的任何股票中都沒有倉位。