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Aowei Holding Limited's (HKG:1370) Price Is Out Of Tune With Earnings
Aowei Holding Limited's (HKG:1370) Price Is Out Of Tune With Earnings
When close to half the companies in Hong Kong have price-to-earnings ratios (or "P/E's") below 8x, you may consider Aowei Holding Limited (HKG:1370) as a stock to potentially avoid with its 12.7x P/E ratio. However, the P/E might be high for a reason and it requires further investigation to determine if it's justified.
For example, consider that Aowei Holding's financial performance has been poor lately as it's earnings have been in decline. It might be that many expect the company to still outplay most other companies over the coming period, which has kept the P/E from collapsing. You'd really hope so, otherwise you're paying a pretty hefty price for no particular reason.
View our latest analysis for Aowei Holding
SEHK:1370 Price Based on Past Earnings December 22nd 2022 Although there are no analyst estimates available for Aowei Holding, take a look at this free data-rich visualisation to see how the company stacks up on earnings, revenue and cash flow.What Are Growth Metrics Telling Us About The High P/E?
Aowei Holding's P/E ratio would be typical for a company that's expected to deliver solid growth, and importantly, perform better than 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 36%. Still, the latest three year period has seen an excellent 57% overall rise in EPS, in spite of its unsatisfying short-term performance. Although it's been a bumpy ride, it's still fair to say the earnings growth recently has been more than adequate for the company.
Comparing that to the market, which is predicted to deliver 17% growth in the next 12 months, the company's momentum is pretty similar based on recent medium-term annualised earnings results.
In light of this, it's curious that Aowei Holding's P/E sits above the majority of other companies. Apparently many investors in the company are more bullish than recent times would indicate and aren't willing to let go of their stock right now. Although, additional gains will be difficult to achieve as a continuation of recent earnings trends would weigh down the share price eventually.
The Key Takeaway
We'd say the price-to-earnings ratio's power isn't primarily as a valuation instrument but rather to gauge current investor sentiment and future expectations.
We've established that Aowei Holding currently trades on a higher than expected P/E since its recent three-year growth is only in line with the wider market forecast. Right now we are uncomfortable with the high P/E as this earnings performance isn't likely to support such positive sentiment for long. If recent medium-term earnings trends continue, it will place shareholders' investments at risk and potential investors in danger of paying an unnecessary premium.
It is also worth noting that we have found 2 warning signs for Aowei Holding (1 is concerning!) that you need to take into consideration.
If you're unsure about the strength of Aowei Holding'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.
當接近一半的香港公司的本益比(或“本益比”)低於8倍時,你可以考慮奧維控股有限公司(HKG:1370)作為一隻股票,其本益比為12.7倍,可能會避免。然而,本益比高可能是有原因的,需要進一步調查才能確定它是否合理。
例如,考慮到奧維控股最近的財務表現一直很差,因為它的收益一直在下降。許多人可能預計,該公司在未來一段時間內的表現仍將好於大多數其他公司,這使得本益比沒有崩潰。你真的希望如此,否則你會無緣無故地付出相當大的代價。
查看我們對奧維控股的最新分析
聯交所:1370基於過去收益的價格2022年12月22日雖然沒有分析師對奧維控股的估計,但看看這個免費豐富的數據可視化,看看公司的收益、收入和現金流是如何堆積的。增長指標告訴我們關於高本益比的哪些資訊?
對於一家有望實現穩健增長,而且重要的是表現好於大盤的公司來說,奧維控股的本益比將是典型的。
先回過頭來看,該公司去年的每股收益增長並不值得興奮,因為它公佈了令人失望的36%的降幅。儘管短期表現不盡如人意,但在最近三年的時間裡,每股收益的整體漲幅達到了57%。儘管這是一段坎坷的旅程,但公平地說,最近的收益增長對公司來說已經綽綽有餘。
與預計未來12個月將實現17%增長的市場相比,根據最近的中期年化收益結果,該公司的增長勢頭非常相似。
有鑒於此,奧維控股的本益比高於其他大多數公司,這很奇怪。顯然,該公司的許多投資者比最近的情況所顯示的更加樂觀,他們現在不願拋售自己的股票。儘管如此,進一步的收益將很難實現,因為最近收益趨勢的持續最終會拖累股價。
關鍵的外賣
我們會說,本益比的力量主要不是作為一種估值工具,而是衡量當前投資者的情緒和未來預期。
我們已經確定,奧維控股目前的本益比高於預期,因為其最近三年的增長只是與更廣泛的市場預測一致。目前,我們對高本益比感到不安,因為這種盈利表現不太可能長期支撐這種積極情緒。如果近期的中期盈利趨勢持續下去,將使股東的投資面臨風險,潛在投資者面臨支付不必要溢價的危險。
同樣值得注意的是,我們發現奧維控股的2個警告標誌(1是關於!)這是你需要考慮的。
如果你.不確定奧維控股的業務實力,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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