At HK$11.92, Is It Time To Put Johnson Electric Holdings Limited (HKG:179) On Your Watch List?
At HK$11.92, Is It Time To Put Johnson Electric Holdings Limited (HKG:179) On Your Watch List?
Johnson Electric Holdings Limited (HKG:179), might not be a large cap stock, but it saw a significant share price rise of 30% in the past couple of months on the SEHK. The company is inching closer to its yearly highs following the recent share price climb. Less-covered, small caps tend to present more of an opportunity for mispricing due to the lack of information available to the public, which can be a good thing. So, could the stock still be trading at a low price relative to its actual value? Today we will analyse the most recent data on Johnson Electric Holdings's outlook and valuation to see if the opportunity still exists.
德昌電機控股有限公司(HKG: 179)可能不是大盤股,但在過去幾個月中,聯交所的股價大幅上漲了30%。在最近股價上漲之後,該公司已接近年度高點。由於缺乏向公衆提供的信息,覆蓋率較低的小盤股往往會爲錯誤定價提供更多的機會,這可能是一件好事。那麼,相對於其實際價值,該股票還能以較低的價格交易嗎?今天,我們將分析有關德昌電機控股前景和估值的最新數據,以了解機會是否仍然存在。
View our latest analysis for Johnson Electric Holdings
查看我們對德昌電機控股的最新分析
What Is Johnson Electric Holdings Worth?
德昌電機控股的價值是多少?
The share price seems sensible at the moment according to our price multiple model, where we compare the company's price-to-earnings ratio to the industry average. In this instance, we've used the price-to-earnings (PE) ratio given that there is not enough information to reliably forecast the stock's cash flows. We find that Johnson Electric Holdings's ratio of 6.35x is trading in-line with its industry peers' ratio, which means if you buy Johnson Electric Holdings today, you'd be paying a relatively reasonable price for it. So, is there another chance to buy low in the future? Given that Johnson Electric Holdings's share is fairly volatile (i.e. its price movements are magnified relative to the rest of the market) this could mean the price can sink lower, giving us an opportunity to buy later on. This is based on its high beta, which is a good indicator for share price volatility.
根據我們的多重定價模型,我們將公司的市盈率與行業平均水平進行比較,目前的股價似乎是明智的。在這種情況下,鑑於沒有足夠的信息來可靠地預測股票的現金流,我們使用了市盈率(PE)。我們發現,德昌電機控股6.35倍的比率與其行業同行比率持平,這意味着如果您今天收購德昌電機控股公司,您將爲此支付相對合理的價格。那麼,未來還有機會低價買入嗎?鑑於德昌電機控股的股票波動相當大(即其價格相對於其他市場的價格變動被放大),這可能意味着價格可能會下跌,從而使我們有機會在以後買入。這是基於其高貝塔值,這是衡量股價波動的良好指標。
What does the future of Johnson Electric Holdings look like?
德昌電機控股的未來是什麼樣子?
Investors looking for growth in their portfolio may want to consider the prospects of a company before buying its shares. Although value investors would argue that it's the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price. Johnson Electric Holdings' revenue growth are expected to be in the teens in the upcoming years, indicating a solid future ahead. Unless expenses grow at the same level, or higher, this top-line growth should lead to robust cash flows, feeding into a higher share value.
尋求投資組合增長的投資者可能需要在購買公司股票之前考慮公司的前景。儘管價值投資者會爭辯說,最重要的是相對於價格的內在價值,但更有說服力的投資論點是以低廉的價格獲得高增長潛力。德昌電機控股的收入預計在未來幾年內將保持在十幾歲之間,這表明未來前景光明。除非支出增長達到相同或更高的水平,否則這種收入增長應該會帶來強勁的現金流,進而提高股票價值。
What This Means For You
這對你意味着什麼
Are you a shareholder? 179's optimistic future growth appears to have been factored into the current share price, with shares trading around industry price multiples. However, there are also other important factors which we haven't considered today, such as the track record of its management team. Have these factors changed since the last time you looked at 179? Will you have enough confidence to invest in the company should the price drop below the industry PE ratio?
你是股東嗎?179的樂觀未來增長似乎已被納入當前股價的因素,股票的交易價格約爲行業價格倍數。但是,我們今天還沒有考慮其他重要因素,例如其管理團隊的往績。自從你上次查看179以來,這些因素是否發生了變化?如果價格跌至行業市盈率以下,您是否有足夠的信心投資該公司?
Are you a potential investor? If you've been keeping tabs on 179, now may not be the most optimal time to buy, given it is trading around industry price multiples. However, the positive outlook is encouraging for 179, which means it's worth diving deeper into other factors such as the strength of its balance sheet, in order to take advantage of the next price drop.
你是潛在的投資者嗎?如果你一直在關注179,那麼鑑於它的交易價格約爲行業價格倍數,現在可能不是最佳的買入時機。但是,179的樂觀前景令人鼓舞,這意味着值得深入研究其他因素,例如資產負債表的強度,以便利用下一次價格下跌的機會。
With this in mind, we wouldn't consider investing in a stock unless we had a thorough understanding of the risks. While conducting our analysis, we found that Johnson Electric Holdings has 1 warning sign and it would be unwise to ignore it.
考慮到這一點,除非我們對風險有透徹的了解,否則我們不會考慮投資股票。在進行分析時,我們發現德昌電機控股有1個警告信號,忽視它是不明智的。
If you are no longer interested in Johnson Electric Holdings, you can use our free platform to see our list of over 50 other stocks with a high growth potential.
如果您不再對德昌電機控股感興趣,您可以使用我們的免費平台查看我們列出的其他50多隻具有高增長潛力的股票清單。
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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?對內容感到擔憂?直接聯繫我們。 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提供基於歷史數據和分析師預測的評論,我們的文章並非旨在提供財務建議。它不構成買入或賣出任何股票的建議,也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本數據驅動的長期重點分析。請注意,我們的分析可能不會考慮最新的價格敏感型公司公告或定性材料。華爾街只是沒有持有上述任何股票的頭寸。