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GRP Limited (SGX:BLU) Shares May Have Slumped 29% But Getting In Cheap Is Still Unlikely

GRP Limited (SGX:BLU) Shares May Have Slumped 29% But Getting In Cheap Is Still Unlikely

GRP Limited(新加坡證券交易所代碼:BLU)的股價可能已經下跌了29%,但仍然不太可能陷入低價
Simply Wall St ·  2023/08/26 20:10

GRP Limited (SGX:BLU) shareholders won't be pleased to see that the share price has had a very rough month, dropping 29% and undoing the prior period's positive performance. Looking back over the past twelve months the stock has been a solid performer regardless, with a gain of 17%.

GRP 有限公司 (SGX: BLU) 的股東們不會高興地看到股價經歷了非常艱難的月份,下跌了29%,抵消了前一時期的積極表現。回顧過去十二個月,該股無論如何都表現穩健,漲幅爲17%。

Although its price has dipped substantially, you could still be forgiven for feeling indifferent about GRP's P/S ratio of 0.6x, since the median price-to-sales (or "P/S") ratio for the Electronic industry in Singapore is also close to 0.5x. Although, it's not wise to simply ignore the P/S without explanation as investors may be disregarding a distinct opportunity or a costly mistake.

儘管其價格已大幅下跌,但你對GRP的0.6倍市盈率漠不關心仍然是可以原諒的,因爲新加坡電子行業的中位市盈率(或 “P/S”)也接近0.5倍。但是,在沒有解釋的情況下簡單地忽視市盈率是不明智的,因爲投資者可能忽視了獨特的機會或代價高昂的錯誤。

View our latest analysis for GRP

查看我們對 GRP 的最新分析

ps-multiple-vs-industry
SGX:BLU Price to Sales Ratio vs Industry August 27th 2023
新加坡交易所:BLU 市銷比率與行業對比 2023 年 8 月 27 日

What Does GRP's P/S Mean For Shareholders?

GRP的市盈率對股東意味着什麼?

With revenue growth that's exceedingly strong of late, GRP has been doing very well. Perhaps the market is expecting future revenue performance to taper off, which has kept the P/S from rising. If you like the company, you'd be hoping this isn't the case so that you could potentially pick up some stock while it's not quite in favour.

由於最近收入增長異常強勁,GRP一直表現良好。也許市場預計未來的收入表現將逐漸減弱,這使市盈率無法上升。如果你喜歡這家公司,你會希望情況並非如此,這樣你就有可能在股票不太受青睞的時候買入一些股票。

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
我們沒有分析師的預測,但你可以通過查看我們的,了解最近的趨勢如何爲公司的未來奠定基礎
free
免費的
report on GRP's earnings, revenue and cash flow.
報告GRP的收益、收入和現金流。

Is There Some Revenue Growth Forecasted For GRP?

預計GRP會有一些收入增長嗎?

The only time you'd be comfortable seeing a P/S like GRP's is when the company's growth is tracking the industry closely.

你唯一能放心地看到像GRP這樣的市盈率的時候是公司的增長正在密切關注該行業。

If we review the last year of revenue growth, the company posted a terrific increase of 35%. The latest three year period has also seen an excellent 37% overall rise in revenue, aided by its short-term performance. So we can start by confirming that the company has done a great job of growing revenue over that time.

如果我們回顧一下去年的收入增長,該公司公佈了35%的驚人增長。在過去的三年中,在短期表現的推動下,總體收入也大幅增長了37%。因此,我們可以首先確認該公司在這段時間內在增加收入方面做得非常出色。

This is in contrast to the rest of the industry, which is expected to grow by 31% over the next year, materially higher than the company's recent medium-term annualised growth rates.

這與該行業其他部門形成鮮明對比,後者預計明年將增長31%,大大高於該公司最近的中期年化增長率。

In light of this, it's curious that GRP's P/S sits in line with the majority of other companies. Apparently many investors in the company are less bearish than recent times would indicate and aren't willing to let go of their stock right now. Maintaining these prices will be difficult to achieve as a continuation of recent revenue trends is likely to weigh down the shares eventually.

有鑑於此,奇怪的是,GRP的市盈率與大多數其他公司持平。顯然,該公司的許多投資者的看跌程度沒有最近所表明的那麼看跌,他們現在不願意放棄股票。維持這些價格將很難實現,因爲最近的收入趨勢的延續最終可能會壓低股價。

The Key Takeaway

關鍵要點

With its share price dropping off a cliff, the P/S for GRP looks to be in line with the rest of the Electronic industry. Typically, we'd caution against reading too much into price-to-sales ratios when settling on investment decisions, though it can reveal plenty about what other market participants think about the company.

隨着股價的下跌,GRP的市盈率似乎與其他電子行業保持一致。通常,在確定投資決策時,我們謹慎行事,不要過多地閱讀市售比率,儘管這可以充分揭示其他市場參與者對公司的看法。

Our examination of GRP revealed its poor three-year revenue trends aren't resulting in a lower P/S as per our expectations, given they look worse than current industry outlook. Right now we are uncomfortable with the P/S as this revenue performance isn't likely to support a more positive sentiment for long. If recent medium-term revenue trends continue, the probability of a share price decline will become quite substantial, placing shareholders at risk.

我們對GRP的調查顯示,其糟糕的三年收入趨勢並未導致市盈率低於我們的預期,因爲它們看起來比當前的行業前景還要糟糕。目前,我們對市盈率感到不舒服,因爲這種收入表現不太可能長期支撐更積極的情緒。如果最近的中期收入趨勢繼續下去,股價下跌的可能性將變得相當大,從而使股東面臨風險。

You should always think about risks. Case in point, we've spotted 3 warning signs for GRP you should be aware of.

你應該時刻考慮風險。一個很好的例子,我們已經發現了 3 個 GRP 警告標誌 你應該知道。

If strong companies turning a profit tickle your fancy, then you'll want to check out this free list of interesting companies that trade on a low P/E (but have proven they can grow earnings).

如果實力雄厚的公司讓你大開眼界,那麼你一定要看看這個 免費的 以低市盈率交易(但已證明可以增加收益)的有趣公司名單。

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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?擔心內容嗎? 取得聯繫 直接和我們在一起。 或者,給編輯團隊 (at) simplywallst.com 發送電子郵件。
Simply Wall St 的這篇文章本質上是籠統的。 我們僅使用公正的方法根據歷史數據和分析師的預測提供評論,我們的文章無意作爲財務建議。 它不構成買入或賣出任何股票的建議,也沒有考慮您的目標或財務狀況。我們的目標是爲您提供由基本面數據驅動的長期重點分析。請注意,我們的分析可能不考慮最新的價格敏感公司公告或定性材料。簡而言之,華爾街在上述任何股票中都沒有頭寸。

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