Sandmartin International Holdings Limited (HKG:482) shares have had a really impressive month, gaining 208% after a shaky period beforehand. But the gains over the last month weren't enough to make shareholders whole, as the share price is still down 4.8% in the last twelve months.
Even after such a large jump in price, it's still not a stretch to say that Sandmartin International Holdings' price-to-sales (or "P/S") ratio of 0.3x right now seems quite "middle-of-the-road" compared to the Communications industry in Hong Kong, where the median P/S ratio is around 0.4x. While this might not raise any eyebrows, if the P/S ratio is not justified investors could be missing out on a potential opportunity or ignoring looming disappointment.
How Sandmartin International Holdings Has Been Performing
For instance, Sandmartin International Holdings' receding revenue in recent times would have to be some food for thought. Perhaps investors believe the recent revenue performance is enough to keep in line with the industry, which is keeping the P/S from dropping off. If you like the company, you'd at least be hoping this is the case so that you could potentially pick up some stock while it's not quite in favour.
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 Sandmartin International Holdings' earnings, revenue and cash flow.
Do Revenue Forecasts Match The P/S Ratio?
Sandmartin International Holdings' P/S ratio would be typical for a company that's only expected to deliver moderate growth, and importantly, perform in line with the industry.
In reviewing the last year of financials, we were disheartened to see the company's revenues fell to the tune of 25%. As a result, revenue from three years ago have also fallen 35% overall. Therefore, it's fair to say the revenue growth recently has been undesirable for the company.
Weighing that medium-term revenue trajectory against the broader industry's one-year forecast for expansion of 47% shows it's an unpleasant look.
With this information, we find it concerning that Sandmartin International Holdings is trading at a fairly similar P/S compared to the industry. Apparently many investors in the company are way less bearish than recent times would indicate and aren't willing to let go of their stock right now. There's a good chance existing shareholders are setting themselves up for future disappointment if the P/S falls to levels more in line with the recent negative growth rates.
What Does Sandmartin International Holdings' P/S Mean For Investors?
Sandmartin International Holdings' stock has a lot of momentum behind it lately, which has brought its P/S level with the rest of the industry. It's argued the price-to-sales ratio is an inferior measure of value within certain industries, but it can be a powerful business sentiment indicator.
The fact that Sandmartin International Holdings currently trades at a P/S on par with the rest of the industry is surprising to us since its recent revenues have been in decline over the medium-term, all while the industry is set to grow. When we see revenue heading backwards in the context of growing industry forecasts, it'd make sense to expect a possible share price decline on the horizon, sending the moderate P/S lower. If recent medium-term revenue trends continue, it will place shareholders' investments at risk and potential investors in danger of paying an unnecessary premium.
Having said that, be aware Sandmartin International Holdings is showing 4 warning signs in our investment analysis, and 3 of those are a bit concerning.
If you're unsure about the strength of Sandmartin International Holdings' business, why not explore our interactive list of stocks with solid business fundamentals for some other companies you may have missed.
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Sandmartin International Holdings Limited(HKG:482)株は、不安定な期間を経て、実に印象的な1か月を過ごし、208%上昇しました。しかし、直近の1か月間の上昇は、株価が過去12か月間で4.8%下落したため、株主にとって十分な補填とはなりませんでした。
このように大幅な値上がりをしても、Sandmartin International HoldingsのP/S比率(または「P/S比率」)が現在0.3倍であり、香港の通信業界の中央値である約0.4倍と比べてまずまずであると言っても過言ではありません。これには、まったく目を引くものではありませんが、P/S比率が正当化されていない場合、投資家は潜在的なチャンスを見逃したり、迫り来る失望を無視したりする可能性があります。
Sandmartin International Holdingsのパフォーマンス
例えば、最近の売上高の減少を受けて、Sandmartin International Holdingsの投資家は慎重に考える必要があります。おそらく、最近の売上高パフォーマンスが業種に対応していると投資家が信じているため、P /S比率が下がることを防いでいます。もしあなたがこの会社が好きなら、影響力は低下していないので、値動きが好きでない間に株を購入できる可能性があります。
アナリストの予測はありませんが、Sandmartin International Holdingsの収益、売上高、キャッシュフローについての無料レポートをご覧いただくことにより、直近のトレンドが将来の同社のためにどのように設定されているかを確認することができます。
売上高予測はP/S比率に合致していますか?
Sandmartin International HoldingsのP/S比率は、穏健な成長を期待されており、業界に沿ってパフォーマンスする企業に典型的です。
この情報を踏まえると、業界と比較してSandmartin International Holdingsが比較的似たP/Sで取引していることは懸念すべきことです。会社の多くの投資家が、最近の時代よりもはるかに弱気ではなく、現時点で株式を手放すつもりはありません。最近の負の成長率と相まって、株式の時価総額が低下した場合に将来的な失望を防ぐために、存在する株主が自らを設定している可能性があります。
Sandmartin International Holdings(HKG:482)の株式に対するP /Sの意味とは?
Sandmartin International Holdingsの株式には、最近多くの勢いがあり、P/Sレベルが業界全体と同等になったと言えます。P/S比率は、特定の産業内では価値の劣る指標であると主張されていますが、強力なビジネスセンチメントの指標になり得ます。
Sandmartin International Holdingsが現在業界全体と同等のP/Sで取引していることは驚くべきことです。中期的な観点で最近の収入が減少している状況で、業界予測が成長している状況で、収入が後退している状況を見ると、穏健なP/Sが低下する可能性があります。最近の中期的な収益トレンドが継続される場合、株主の投資リスクが高まり、潜在的な投資家が不必要なプレミアムを払う危険があります。
ただし、Sandmartin International Holdingsは、投資分析の中で4つの警告サインを示しており、そのうちの3つはやや懸念されています。
もしSandmartin International Holdingsのビジネスの強さに自信がない場合は、見逃している他の企業のための堅実なビジネス基盤を持つ株式の対話型リストを調べてみるのはどうでしょうか?