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MBV International Limited's (HKG:1957) 26% Price Boost Is Out Of Tune With Earnings
MBV International Limited's (HKG:1957) 26% Price Boost Is Out Of Tune With Earnings
MBV International Limited (HKG:1957) shareholders have had their patience rewarded with a 26% share price jump in the last month. Looking back a bit further, it's encouraging to see the stock is up 26% in the last year.
Following the firm bounce in price, MBV International may be sending bearish signals at the moment with its price-to-earnings (or "P/E") ratio of 13.1x, since almost half of all companies in Hong Kong have P/E ratios under 8x and even P/E's lower than 4x 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.
MBV International certainly has been doing a great job lately as it's been growing earnings at a really rapid pace. The P/E is probably high because investors think this strong earnings growth will be enough to outperform the broader market in the near future. You'd really hope so, otherwise you're paying a pretty hefty price for no particular reason.
Check out our latest analysis for MBV International
We don't have analyst forecasts, but you can see how recent trends are setting up the company for the future by checking out our free report on MBV International's earnings, revenue and cash flow.How Is MBV International's Growth Trending?
There's an inherent assumption that a company should outperform the market for P/E ratios like MBV International's to be considered reasonable.
Retrospectively, the last year delivered an exceptional 73% gain to the company's bottom line. Despite this strong recent growth, it's still struggling to catch up as its three-year EPS frustratingly shrank by 47% overall. Accordingly, shareholders would have felt downbeat about the medium-term rates of earnings growth.
In contrast to the company, the rest of the market is expected to grow by 16% 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 MBV International is trading at a P/E higher than the market. Apparently many investors in the company are way more bullish than recent times would indicate and aren't willing to let go of their stock at any price. 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 MBV International's shares has lifted the company's P/E to a fairly high level. Generally, our preference is to limit the use of the price-to-earnings ratio to establishing what the market thinks about the overall health of a company.
We've established that MBV International currently trades on a much higher than expected P/E since its recent earnings have been in decline over the medium-term. When we see earnings heading backwards and underperforming the market forecasts, we suspect the share price is at risk of declining, sending the high P/E lower. 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.
Don't forget that there may be other risks. For instance, we've identified 2 warning signs for MBV International (1 is significant) you should be aware of.
You might be able to find a better investment than MBV International. If you want a selection of possible candidates, check out this free list of interesting companies that trade on a P/E below 20x (but have proven they can grow earnings).
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.
MBV國際有限公司(HKG:1957)股東的耐心得到了回報,在過去的一個月裡,股價上漲了26%。再往前看一點,看到該公司股價在去年上漲了26%,這是令人鼓舞的。
在股價強勁反彈之後,MBV國際目前可能發出了看跌信號,其本益比為13.1倍,因為香港近一半的公司的本益比低於8倍,即使本益比低於4倍也並不少見。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。
MBV國際最近確實做得很好,因為它一直在以非常快的速度增長收益。本益比之所以高,可能是因為投資者認為,這種強勁的盈利增長在不久的將來將足以跑贏大盤。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MBV國際的最新分析
我們沒有分析師的預測,但您可以通過查看我們的免費報告MBV國際的收益、收入和現金流。MBV國際的增長趨勢如何?
有一種固有的假設,即一家公司的本益比應該超過市場,而像MBV International這樣的本益比才被認為是合理的。
回顧過去一年,公司的利潤實現了73%的不同尋常的增長。儘管最近增長強勁,但它仍在努力追趕,因為其三年期每股收益總體上令人沮喪地縮水了47%。因此,股東們會對中期盈利增長率感到悲觀。
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16%,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。
根據這些資訊,我們發現MBV國際的本益比高於市場。顯然,該公司的許多投資者比最近的情況所顯示的要樂觀得多,不願以任何價格拋售他們的股票。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
MBV國際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。一般來說,我們傾向於限制本益比的使用,以確定市場對公司整體健康狀況的看法。
我們已經確定,MBV國際目前的本益比遠高於預期,因為它最近的收益在中期內一直在下降。當我們看到盈利出現倒退,表現遜於市場預期時,我們懷疑股價有下跌的風險,導致高本益比走低。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。
別忘了,可能還有其他風險。例如,我們已經確定MBV國際的2個警告標誌(1是重要的)您應該知道。
你也許能找到比MBV International更好的投資。如果您想要選擇可能的候選人,請查看以下內容免費令人感興趣的本益比低於20倍的公司名單(但已證明它們可以增加收益)。
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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