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Why Investors Shouldn't Be Surprised By StarHub Ltd's (SGX:CC3) P/E
Why Investors Shouldn't Be Surprised By StarHub Ltd's (SGX:CC3) P/E
With a price-to-earnings (or "P/E") ratio of 14.7x StarHub Ltd (SGX:CC3) may be sending bearish signals at the moment, given that almost half of all companies in Singapore have P/E ratios under 10x and even P/E's lower than 6x are not unusual. Nonetheless, we'd need to dig a little deeper to determine if there is a rational basis for the elevated P/E.
While the market has experienced earnings growth lately, StarHub's earnings have gone into reverse gear, which is not great. One possibility is that the P/E is high because investors think this poor earnings performance will turn the corner. If not, then existing shareholders may be extremely nervous about the viability of the share price.
View our latest analysis for StarHub
Keen to find out how analysts think StarHub's future stacks up against the industry? In that case, our free report is a great place to start.What Are Growth Metrics Telling Us About The High P/E?
In order to justify its P/E ratio, StarHub would need to produce impressive growth in excess of 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 4.3%. This means it has also seen a slide in earnings over the longer-term as EPS is down 17% in total over the last three years. So unfortunately, we have to acknowledge that the company has not done a great job of growing earnings over that time.
Shifting to the future, estimates from the analysts covering the company suggest earnings should grow by 6.2% per annum over the next three years. That's shaping up to be materially higher than the 1.7% per annum growth forecast for the broader market.
With this information, we can see why StarHub is trading at such a high P/E compared to the market. Apparently shareholders aren't keen to offload something that is potentially eyeing a more prosperous future.
What We Can Learn From StarHub's P/E?
Typically, we'd caution against reading too much into price-to-earnings ratios when settling on investment decisions, though it can reveal plenty about what other market participants think about the company.
As we suspected, our examination of StarHub's analyst forecasts revealed that its superior earnings outlook is contributing to its high P/E. Right now shareholders are comfortable with the P/E as they are quite confident future earnings aren't under threat. It's hard to see the share price falling strongly in the near future under these circumstances.
Before you take the next step, you should know about the 2 warning signs for StarHub that we have uncovered.
Of course, you might also be able to find a better stock than StarHub. 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.
With a price-to-earnings (or "P/E") ratio of 14.7x StarHub Ltd (SGX:CC3) may be sending bearish signals at the moment, given that almost half of all companies in Singapore have P/E ratios under 10x and even P/E's lower than 6x are not unusual. Nonetheless, we'd need to dig a little deeper to determine if there is a rational basis for the elevated P/E.
價格與盈利(或「市盈」)的比率為 14.7 倍 星匯有限公司 SGX:CC3)目前可能發出看跌信號,因為新加坡幾乎一半的公司的市盈比率低於 10 倍,甚至市盈率低於 6 倍也並不罕見。儘管如此,我們需要更深入地研究以確定是否有提高的 P/E 的合理基礎。
While the market has experienced earnings growth lately, StarHub's earnings have gone into reverse gear, which is not great. One possibility is that the P/E is high because investors think this poor earnings performance will turn the corner. If not, then existing shareholders may be extremely nervous about the viability of the share price.
儘管市場最近經歷了盈利增長,但 StarHub 的盈利已經進入逆轉,這並不是很好。一種可能性是市盈率很高,因為投資者認為這種糟糕的收益表現將轉彎。如果沒有,那麼現有股東可能會對股價的可行性感到非常緊張。
View our latest analysis for StarHub
查看我們對 StarHub 的最新分析
What Are Growth Metrics Telling Us About The High P/E?
什麼是增長指標告訴我們關於高 P/E?
In order to justify its P/E ratio, StarHub would need to produce impressive growth in excess of the market.
為了證明其市盈率的合理性,StarHub 需要在市場上產生令人印象深刻的增長。
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 4.3%. This means it has also seen a slide in earnings over the longer-term as EPS is down 17% in total over the last three years. So unfortunately, we have to acknowledge that the company has not done a great job of growing earnings over that time.
首先回顧一下,該公司去年的每股收益增長並不令人興奮,因為它發布了令人失望的 4.3% 下降。這意味著它也看到了長期的收益下滑,因為過去三年每股盈利總計下降了 17%。所以不幸的是,我們不得不承認,該公司並沒有在那段時間內不斷增長的收入做得很好。
Shifting to the future, estimates from the analysts covering the company suggest earnings should grow by 6.2% per annum over the next three years. That's shaping up to be materially higher than the 1.7% per annum growth forecast for the broader market.
轉向未來,從覆蓋該公司的分析師的估計表明,盈利應該增長 6.2%,在未來三年內每年。對於更廣泛的市場,這正在形成重大高於每年 1.7% 的增長預測。
With this information, we can see why StarHub is trading at such a high P/E compared to the market. Apparently shareholders aren't keen to offload something that is potentially eyeing a more prosperous future.
有了這些信息,我們可以了解為什麼 StarHub 的交易價格與市場相比如此高的市盈率。顯然,股東並不熱衷於卸載可能會盯著更繁榮未來的東西。
What We Can Learn From StarHub's P/E?
我們可以從 StarHub 的 P/E 學到什麼?
Typically, we'd caution against reading too much into price-to-earnings ratios when settling on investment decisions, though it can reveal plenty about what other market participants think about the company.
通常情況下,在進行投資決策時,我們會提防不要太多地閱讀價格與收益比,儘管它可以揭示很多其他市場參與者對公司的看法。
As we suspected, our examination of StarHub's analyst forecasts revealed that its superior earnings outlook is contributing to its high P/E. Right now shareholders are comfortable with the P/E as they are quite confident future earnings aren't under threat. It's hard to see the share price falling strongly in the near future under these circumstances.
正如我們懷疑的那樣,我們對 StarHub 的分析師預測的研究顯示,其卓越的盈利前景正在造成其高市盈率,目前股東對市盈利表示滿意,因為他們相當自信未來的盈利不受威脅。在這種情況下,很難看到股價在不久的將來大幅下跌。
Before you take the next step, you should know about the 2 warning signs for StarHub that we have uncovered.
在您採取下一步之前,您應該了解 2 個警告標誌 我們已經發現了。
Of course, you might also be able to find a better stock than StarHub. 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.
當然, 您也許還可以找到比 StarHub 更好的股票。所以大家不妨看看這個 自由 其他坐在 P/E 低於 20 倍並且收入增長強勁的公司的集合。
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.
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。
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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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