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What Saga Communications, Inc.'s (NASDAQ:SGA) 25% Share Price Gain Is Not Telling You
What Saga Communications, Inc.'s (NASDAQ:SGA) 25% Share Price Gain Is Not Telling You
Saga Communications, Inc. (NASDAQ:SGA) shares have had a really impressive month, gaining 25% after a shaky period beforehand. The last 30 days bring the annual gain to a very sharp 26%.
Following the firm bounce in price, Saga Communications may be sending bearish signals at the moment with its price-to-earnings (or "P/E") ratio of 20.7x, since almost half of all companies in the United States have P/E ratios under 14x and even P/E's lower than 8x are not unusual. Although, it's not wise to just take the P/E at face value as there may be an explanation why it's lofty.
For example, consider that Saga Communications' financial performance has been poor lately as it's earnings have been in decline. 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.
See our latest analysis for Saga Communications
NasdaqGM:SGA Price Based on Past Earnings December 10th 2022 Want the full picture on earnings, revenue and cash flow for the company? Then our free report on Saga Communications will help you shine a light on its historical performance.How Is Saga Communications' Growth Trending?
In order to justify its P/E ratio, Saga Communications would need to produce impressive growth in excess of the market.
Retrospectively, the last year delivered a frustrating 12% decrease to the company's bottom line. This means it has also seen a slide in earnings over the longer-term as EPS is down 39% in total over the last three years. Therefore, it's fair to say the earnings growth recently has been undesirable for the company.
In contrast to the company, the rest of the market is expected to grow by 7.4% over the next year, which really puts the company's recent medium-term earnings decline into perspective.
With this information, we find it concerning that Saga Communications is trading at a P/E higher than the market. It seems most investors are ignoring the recent poor growth rate 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 Key Takeaway
The large bounce in Saga Communications' shares has lifted the company's P/E to a fairly high level. 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.
Our examination of Saga Communications revealed its shrinking earnings over the medium-term aren't impacting its high P/E anywhere near as much as we would have predicted, given the market is set to grow. Right now we are increasingly uncomfortable with the high P/E as this earnings performance is highly unlikely to support such positive sentiment for long. 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.
Before you settle on your opinion, we've discovered 2 warning signs for Saga Communications (1 is significant!) that you should be aware of.
Of course, you might also be able to find a better stock than Saga Communications. So you may wish to see this free collection of other companies that sit on P/E's below 20x and have grown earnings strongly.
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.
佐賀通信公司納斯達克(SGA:SGA)股價經歷了令人印象深刻的一個月,在經歷了一段不穩定的時期後上漲了25%。在過去的30天裡,這一年的漲幅達到了26%。
隨著股價的強勁反彈,佐賀通信目前可能發出了看跌信號,其本益比(P/E)為20.7倍,因為美國幾乎一半的公司的本益比低於14倍,即使本益比低於8倍也並不罕見。然而,僅僅從表面上看待本益比是不明智的,因為可能會有一個解釋為什麼它是高的。
例如,考慮到佐賀通信最近的財務表現一直很差,因為它的收益一直在下降。一種可能性是,本益比很高,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。
查看我們對佐賀通信的最新分析
NasdaqGM:SGA價格基於過去的收益2022年12月10日想要了解公司的收益、收入和現金流的全貌嗎?那麼我們的免費關於佐賀通信的報道將幫助您瞭解其歷史表現。佐賀通信的增長趨勢如何?
為了證明其本益比是合理的,佐賀通信需要實現超出市場的令人印象深刻的增長。
回顧過去一年,該公司的利潤令人沮喪地下降了12%。這意味著它的長期收益也出現了下滑,因為每股收益在過去三年裡總共下降了39%。因此,公平地說,最近的收益增長對公司來說是不可取的。
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7.4%,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。
有了這些資訊,我們發現佐賀通信的本益比高於市場。似乎大多數投資者都忽視了最近糟糕的增長率,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。
關鍵的外賣
佐賀通信股價的大幅反彈將該公司的本益比提升到了相當高的水準。有人認為,本益比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。
我們對佐賀通信的調查顯示,考慮到市場將會增長,該公司中期收益的縮水對其高本益比的影響並不像我們預期的那麼大。目前,我們對高本益比越來越感到不安,因為這種盈利表現不太可能長期支持這種積極情緒。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。
在你決定你的觀點之前,我們發現佐賀通信的2個警告標誌(1很重要!)這一點你應該知道。
當然了,你也許還能找到比佐賀通信更好的股票。所以你可能想看看這個免費本益比低於20倍、盈利增長強勁的其他公司的集合。
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 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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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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