Universal Stainless & Alloy Products, Inc. (NASDAQ:USAP) Soars 26% But It's A Story Of Risk Vs Reward
Universal Stainless & Alloy Products, Inc. (NASDAQ:USAP) Soars 26% But It's A Story Of Risk Vs Reward
Universal Stainless & Alloy Products, Inc. (NASDAQ:USAP) shares have had a really impressive month, gaining 26% after a shaky period beforehand. The last month tops off a massive increase of 108% in the last year.
環球不鏽鋼及合金製品有限公司 納斯達克股票代碼：USAP）的股價經歷了非常令人印象深刻的一個月，在經歷了動盪時期之後上漲了26％。上個月，去年大幅增長了108％。
In spite of the firm bounce in price, it would still be understandable if you think Universal Stainless & Alloy Products is a stock with good investment prospects with a price-to-sales ratios (or "P/S") of 0.5x, considering almost half the companies in the United States' Metals and Mining industry have P/S ratios above 1.1x. Although, it's not wise to just take the P/S at face value as there may be an explanation why it's limited.
儘管股價大幅反彈，但考慮到美國金屬和採礦業中將近一半的公司的市盈率高於1.1倍，如果你認爲環球不鏽鋼及合金產品公司是一隻投資前景良好、市盈率（或 “市盈率”）爲0.5倍的股票，那還是可以理解的。但是，僅按面值計算市盈率是不明智的，因爲可能有其侷限性的解釋。
Check out our latest analysis for Universal Stainless & Alloy Products
查看我們對通用不鏽鋼和合金產品的最新分析
NasdaqGS:USAP Price to Sales Ratio vs Industry November 5th 2023
納斯達克證券交易所：USAP 市銷比率與行業對比 2023 年 11 月 5 日
How Has Universal Stainless & Alloy Products Performed Recently?
通用不鏽鋼和合金產品最近的表現如何？
Recent times have been pleasing for Universal Stainless & Alloy Products as its revenue has risen in spite of the industry's average revenue going into reverse. One possibility is that the P/S ratio is low because investors think the company's revenue is going to fall away like everyone else's soon. Those who are bullish on Universal Stainless & Alloy Products will be hoping that this isn't the case and the company continues to beat out the industry.
最近，環球不鏽鋼及合金產品感到高興，儘管該行業的平均收入出現逆轉，但其收入仍在增長。一種可能性是市盈率很低，因爲投資者認爲該公司的收入很快就會像其他所有人一樣下降。那些看好環球不鏽鋼及合金產品的人會希望情況並非如此，該公司將繼續擊敗該行業。
If you'd like to see what analysts are forecasting going forward, you should check out our free report on Universal Stainless & Alloy Products.
如果你想看看分析師對未來的預測，你應該看看我們的 免費的 通用不鏽鋼及合金產品報告。
Do Revenue Forecasts Match The Low P/S Ratio?
收入預測與低市盈率相匹配嗎？
Universal Stainless & Alloy Products' P/S ratio would be typical for a company that's only expected to deliver limited growth, and importantly, perform worse than the industry.
對於一家預計增長有限且表現不如行業的公司來說，環球不鏽鋼及合金產品的市盈率是典型的。
Taking a look back first, we see that the company grew revenue by an impressive 39% last year. As a result, it also grew revenue by 29% in total over the last three years. So we can start by confirming that the company has actually done a good job of growing revenue over that time.
首先回顧一下，我們發現該公司去年的收入增長了39％，令人印象深刻。結果，在過去三年中，它的總收入也增長了29％。因此，我們可以首先確認該公司在這段時間內確實在增加收入方面做得很好。
Looking ahead now, revenue is anticipated to climb by 10% during the coming year according to the one analyst following the company. With the industry only predicted to deliver 5.4%, the company is positioned for a stronger revenue result.
展望未來，關注該公司的一位分析師表示，預計來年的收入將增長10％。預計該行業的收入僅爲5.4％，因此該公司有望實現更強勁的收入業績。
In light of this, it's peculiar that Universal Stainless & Alloy Products' P/S sits below the majority of other companies. Apparently some shareholders are doubtful of the forecasts and have been accepting significantly lower selling prices.
有鑑於此，奇怪的是，環球不鏽鋼及合金製品公司的市盈率低於大多數其他公司。顯然，一些股東對預測持懷疑態度，並一直在接受大幅降低的銷售價格。
What Does Universal Stainless & Alloy Products' P/S Mean For Investors?
環球不鏽鋼及合金產品的市盈率對投資者意味着什麼？
Despite Universal Stainless & Alloy Products' share price climbing recently, its P/S still lags most other companies. 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.
儘管環球不鏽鋼及合金製品公司的股價最近上漲，但其市盈率仍落後於大多數其他公司。有人認爲，在某些行業中，價格與銷售比率是衡量價值的次要指標，但它可能是一個有力的商業情緒指標。
To us, it seems Universal Stainless & Alloy Products currently trades on a significantly depressed P/S given its forecasted revenue growth is higher than the rest of its industry. There could be some major risk factors that are placing downward pressure on the P/S ratio. While the possibility of the share price plunging seems unlikely due to the high growth forecasted for the company, the market does appear to have some hesitation.
在我們看來，環球不鏽鋼及合金產品公司目前的市盈率似乎嚴重低迷，因爲其預計的收入增長高於行業其他部門。可能有一些主要的風險因素給市盈率帶來下行壓力。儘管由於公司預計將實現高增長，股價暴跌的可能性似乎不大，但市場似乎確實有些猶豫。
Plus, you should also learn about this 1 warning sign we've spotted with Universal Stainless & Alloy Products.
另外，你還應該了解這個 我們在通用不鏽鋼和合金產品上發現了 1 個警告標誌。
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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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。