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Subdued Growth No Barrier To Eneco Energy Limited (SGX:R14) With Shares Advancing 33%

Subdued Growth No Barrier To Eneco Energy Limited (SGX:R14) With Shares Advancing 33%

增长疲软对Eneco Energy Limited(新加坡证券交易所股票代码:R14)没有障碍,股价上涨了33%
Simply Wall St ·  04/26 18:19

Eneco Energy Limited (SGX:R14) shareholders would be excited to see that the share price has had a great month, posting a 33% gain and recovering from prior weakness.    Unfortunately, the gains of the last month did little to right the losses of the last year with the stock still down 38% over that time.  

Eneco Energy Limited(新加坡证券交易所股票代码:R14)的股东们会很高兴看到股价经历了一个不错的月份,涨幅为33%,并从先前的疲软中恢复过来。不幸的是,上个月的涨幅几乎没有弥补去年的亏损,在此期间,该股仍下跌了38%。

In spite of the firm bounce in price, you could still be forgiven for feeling indifferent about Eneco Energy's P/S ratio of 0.6x, since the median price-to-sales (or "P/S") ratio for the Logistics industry in Singapore is about the same.  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.    

尽管价格稳步反弹,但您对Eneco Energy的0.6倍市盈率漠不关心仍然是可以原谅的,因为新加坡物流行业的中位市销率(或 “市销率”)大致相同。尽管这可能不会引起任何关注,但如果市销率不合理,投资者可能会错过潜在的机会或无视迫在眉睫的失望情绪。

SGX:R14 Price to Sales Ratio vs Industry April 26th 2024

2024 年 4 月 26 日新加坡证券交易所:R14 与行业的股价销售比率

What Does Eneco Energy's P/S Mean For Shareholders?

Eneco Energy的市销率对股东意味着什么?

As an illustration, revenue has deteriorated at Eneco Energy over the last year, which is not ideal at all.   One possibility is that the P/S is moderate because investors think the company might still do enough to be in line with the broader industry in the near future.  If not, then existing shareholders may be a little nervous about the viability of the share price.    

举例来说,去年Eneco Energy的收入有所下降,这根本不理想。一种可能性是市销率适中,因为投资者认为公司在不久的将来可能仍然做得足够多,足以与整个行业保持一致。如果不是,那么现有股东可能会对股价的可行性有些紧张。

Although there are no analyst estimates available for Eneco Energy, take a look at this free data-rich visualisation to see how the company stacks up on earnings, revenue and cash flow.  

尽管没有分析师对Eneco Energy的估计,但请看一下这个免费的数据丰富的可视化图表,看看该公司如何增加收益、收入和现金流。

Is There Some Revenue Growth Forecasted For Eneco Energy?  

预计Eneco Energy的收入会增长吗?

There's an inherent assumption that a company should be matching the industry for P/S ratios like Eneco Energy's to be considered reasonable.  

人们固有的假设是,公司应该与行业相匹配,使像Eneco Energy这样的市销率被认为是合理的。

Taking a look back first, the company's revenue growth last year wasn't something to get excited about as it posted a disappointing decline of 4.5%.   This means it has also seen a slide in revenue over the longer-term as revenue is down 17% in total over the last three years.  So unfortunately, we have to acknowledge that the company has not done a great job of growing revenue over that time.  

首先回顾一下,该公司去年的收入增长并不令人兴奋,因为它公布了令人失望的4.5%的跌幅。这意味着从长远来看,其收入也出现了下滑,因为在过去三年中,总收入下降了17%。因此,不幸的是,我们必须承认,在这段时间内,该公司在增加收入方面做得不好。

Weighing that medium-term revenue trajectory against the broader industry's one-year forecast for expansion of 12% shows it's an unpleasant look.

将中期收入轨迹与整个行业对12%的增长预测进行权衡,可以看出这是一个令人不快的表情。

With this information, we find it concerning that Eneco Energy is trading at a fairly similar P/S compared to the industry.  It seems most investors are ignoring the recent poor growth rate and are hoping for a turnaround in the company's business prospects.  Only the boldest would assume these prices are sustainable as a continuation of recent revenue trends is likely to weigh on the share price eventually.  

有了这些信息,我们发现Eneco Energy的交易市销率与该行业相似。看来大多数投资者都忽视了最近的糟糕增长率,并希望公司的业务前景有所好转。只有最大胆的人才会假设这些价格是可持续的,因为近期收入趋势的延续最终可能会压制股价。

The Key Takeaway

关键要点

Eneco Energy appears to be back in favour with a solid price jump bringing its P/S back in line with other companies in the industry      While the price-to-sales ratio shouldn't be the defining factor in whether you buy a stock or not, it's quite a capable barometer of revenue expectations.

Eneco Energy似乎重新获得了青睐,其价格稳步上涨使其市盈率与业内其他公司保持一致。尽管市销率不应成为决定你是否买入股票的决定性因素,但它是一个相当有力的收入预期晴雨表。

The fact that Eneco Energy 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.  Even though it matches the industry, we're uncomfortable with the current P/S ratio, as this dismal revenue performance is unlikely to support a more positive sentiment for long.  Unless the recent medium-term conditions improve markedly, investors will have a hard time accepting the share price as fair value.    

Eneco Energy目前的市销率与该行业其他公司持平,这一事实令我们感到惊讶,因为其最近的收入在中期内一直在下降,而该行业仍将增长。尽管它与行业相匹配,但我们对当前的市销率感到不舒服,因为这种惨淡的收入表现不太可能长期支持更积极的情绪。除非最近的中期状况明显改善,否则投资者将很难接受股价作为公允价值。

We don't want to rain on the parade too much, but we did also find 4 warning signs for Eneco Energy (1 shouldn't be ignored!) that you need to be mindful of.  

我们不想在游行队伍中下太多雨,但我们还发现了 Eneco Energy 的 4 个警告标志(1 个不容忽视!)这是你需要注意的。

It's important to make sure you look for a great company, not just the first idea you come across. So if growing profitability aligns with your idea of a great company, take a peek at this free list of interesting companies with strong recent earnings growth (and a low P/E).

重要的是要确保你寻找一家优秀的公司,而不仅仅是你遇到的第一个想法。因此,如果盈利能力的增长与你对一家优秀公司的想法一致,那就来看看这份免费名单吧,列出了最近收益增长强劲(市盈率低)的有趣公司。

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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.

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Simply Wall St的这篇文章本质上是笼统的。我们仅使用公正的方法根据历史数据和分析师的预测提供评论,我们的文章无意作为财务建议。它不构成买入或卖出任何股票的建议,也没有考虑到您的目标或财务状况。我们的目标是为您提供由基本数据驱动的长期重点分析。请注意,我们的分析可能不考虑最新的价格敏感型公司公告或定性材料。简而言之,华尔街没有持有任何上述股票的头寸。

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