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Zhejiang Huatong Meat Products Co., Ltd. (SZSE:002840) Not Flying Under The Radar
Zhejiang Huatong Meat Products Co., Ltd. (SZSE:002840) Not Flying Under The Radar
Zhejiang Huatong Meat Products Co., Ltd.'s (SZSE:002840) price-to-earnings (or "P/E") ratio of 78.9x might make it look like a strong sell right now compared to the market in China, where around half of the companies have P/E ratios below 30x and even P/E's below 19x are quite common. Although, it's not wise to just take the P/E at face value as there may be an explanation why it's so lofty.
While the market has experienced earnings growth lately, Zhejiang Huatong Meat Products' 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. You'd really hope so, otherwise you're paying a pretty hefty price for no particular reason.
Check out our latest analysis for Zhejiang Huatong Meat Products
SZSE:002840 Price Based on Past Earnings April 15th 2022 If you'd like to see what analysts are forecasting going forward, you should check out our free report on Zhejiang Huatong Meat Products.How Is Zhejiang Huatong Meat Products' Growth Trending?
The only time you'd be truly comfortable seeing a P/E as steep as Zhejiang Huatong Meat Products' is when the company's growth is on track to outshine the market decidedly.
Retrospectively, the last year delivered a frustrating 32% decrease to the company's bottom line. As a result, earnings from three years ago have also fallen 29% overall. Accordingly, shareholders would have felt downbeat about the medium-term rates of earnings growth.
Turning to the outlook, the next year should generate growth of 180% as estimated by the only analyst watching the company. That's shaping up to be materially higher than the 34% growth forecast for the broader market.
With this information, we can see why Zhejiang Huatong Meat Products is trading at such a high P/E compared to the market. It seems most investors are expecting this strong future growth and are willing to pay more for the stock.
The Key Takeaway
Using the price-to-earnings ratio alone to determine if you should sell your stock isn't sensible, however it can be a practical guide to the company's future prospects.
As we suspected, our examination of Zhejiang Huatong Meat Products' analyst forecasts revealed that its superior earnings outlook is contributing to its high P/E. At this stage investors feel the potential for a deterioration in earnings isn't great enough to justify a lower P/E ratio. Unless these conditions change, they will continue to provide strong support to the share price.
Plus, you should also learn about these 5 warning signs we've spotted with Zhejiang Huatong Meat Products (including 2 which don't sit too well with us).
You might be able to find a better investment than Zhejiang Huatong Meat Products. 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.
Zhejiang Huatong Meat Products Co., Ltd.'s (SZSE:002840) price-to-earnings (or "P/E") ratio of 78.9x might make it look like a strong sell right now compared to the market in China, where around half of the companies have P/E ratios below 30x and even P/E's below 19x are quite common. Although, it's not wise to just take the P/E at face value as there may be an explanation why it's so lofty.
浙江華通肉製品有限公司(SZSE:002840)78.9倍的市盈率可能會讓它看起來像是一個強勁的賣盤,而在中國市場,大約一半的公司的市盈率低於30倍,甚至低於19倍的市盈率也很常見。然而,僅僅從表面上看待市盈率是不明智的,因為可能會有一個解釋,為什麼它如此之高。
While the market has experienced earnings growth lately, Zhejiang Huatong Meat Products' 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. You'd really hope so, otherwise you're paying a pretty hefty price for no particular reason.
雖然市場最近經歷了盈利增長,但浙江華通肉製品的盈利卻出現了逆轉,這並不是很大。一種可能性是,市盈率很高,因為投資者認為這種糟糕的盈利表現將會好轉。你真的希望如此,否則你會無緣無故地付出相當大的代價。
Check out our latest analysis for Zhejiang Huatong Meat Products
查看我們對浙江華通肉製品的最新分析
How Is Zhejiang Huatong Meat Products' Growth Trending?
浙江華通肉製品的成長趨勢如何?
The only time you'd be truly comfortable seeing a P/E as steep as Zhejiang Huatong Meat Products' is when the company's growth is on track to outshine the market decidedly.
看到浙江華通肉製品這樣高的市盈率,你唯一會真正感到放心的時候,就是該公司的增長勢頭明顯超過市場的時候。
Retrospectively, the last year delivered a frustrating 32% decrease to the company's bottom line. As a result, earnings from three years ago have also fallen 29% overall. Accordingly, shareholders would have felt downbeat about the medium-term rates of earnings growth.
回顧過去一年,該公司的利潤令人沮喪地下降了32%。因此,三年前的整體收益也下降了29%。因此,股東們會對中期盈利增長率感到悲觀。
Turning to the outlook, the next year should generate growth of 180% as estimated by the only analyst watching the company. That's shaping up to be materially higher than the 34% growth forecast for the broader market.
談到前景,據唯一關注該公司的分析師估計,明年應該會產生180%的增長。這將大大高於大盤34%的增長預期。
With this information, we can see why Zhejiang Huatong Meat Products is trading at such a high P/E compared to the market. It seems most investors are expecting this strong future growth and are willing to pay more for the stock.
有了這些信息,我們就可以理解為什麼浙江華通肉製品的市盈率比市場高出這麼多。似乎大多數投資者都在期待這種強勁的未來增長,並願意為該股支付更高的價格。
The Key Takeaway
關鍵的外賣
Using the price-to-earnings ratio alone to determine if you should sell your stock isn't sensible, however it can be a practical guide to the company's future prospects.
僅僅用市盈率來決定你是否應該出售你的股票是不明智的,但它可以成為公司未來前景的實用指南。
As we suspected, our examination of Zhejiang Huatong Meat Products' analyst forecasts revealed that its superior earnings outlook is contributing to its high P/E. At this stage investors feel the potential for a deterioration in earnings isn't great enough to justify a lower P/E ratio. Unless these conditions change, they will continue to provide strong support to the share price.
正如我們所懷疑的那樣,我們對浙江華通肉製品公司分析師預測的調查顯示,其優越的盈利前景是其高市盈率的原因之一。在現階段,投資者認為盈利惡化的可能性還不夠大,不足以證明較低的市盈率是合理的。除非這些條件改變,否則將繼續為股價提供強有力的支撐。
Plus, you should also learn about these 5 warning signs we've spotted with Zhejiang Huatong Meat Products (including 2 which don't sit too well with us).
另外,你也應該瞭解我們在浙江華通肉類產品中發現的這5個警告信號(包括2個不太適合我們的產品)。
You might be able to find a better investment than Zhejiang Huatong Meat Products. 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).
你也許能找到比浙江華通肉製品更好的投資對象。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市盈率低於20倍的公司名單(但已證明它們可以增加收益)。
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。
這篇由《華爾街日報》撰寫的文章本質上是籠統的。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。簡單地説,華爾街在提到的任何股票中都沒有頭寸。
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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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