Some Shenzhen Tellus Holding Co., Ltd. (SZSE:000025) Shareholders Look For Exit As Shares Take 26% Pounding
Some Shenzhen Tellus Holding Co., Ltd. (SZSE:000025) Shareholders Look For Exit As Shares Take 26% Pounding
Shenzhen Tellus Holding Co., Ltd. (SZSE:000025) shareholders that were waiting for something to happen have been dealt a blow with a 26% share price drop in the last month. The drop over the last 30 days has capped off a tough year for shareholders, with the share price down 28% in that time.
深圳市泰樂斯控股有限公司。(SZSE：000025)上個月股價下跌了26%，等待着什麼事情發生的股東們受到了打擊。過去30天的下跌為股東們艱難的一年畫上了句號，股價在此期間下跌了28%。
Even after such a large drop in price, given close to half the companies in China have price-to-earnings ratios (or "P/E's") below 27x, you may still consider Shenzhen Tellus Holding as a stock to potentially avoid with its 34.7x P/E ratio. However, the P/E might be high for a reason and it requires further investigation to determine if it's justified.
即使股價下跌如此之大，考慮到中國近一半的公司的市盈率(或“市盈率”)低於27倍，你仍可能認為深圳泰勒斯控股是一隻值得避免的股票，其市盈率為34.7倍。然而，市盈率高可能是有原因的，需要進一步調查才能確定它是否合理。
Shenzhen Tellus Holding certainly has been doing a great job lately as it's been growing earnings at a really rapid pace. The P/E is probably high because investors think this strong earnings growth will be enough to outperform the broader market in the near future. You'd really hope so, otherwise you're paying a pretty hefty price for no particular reason.
深圳Tellus Holding最近肯定做得很好，因為它的收益一直在以非常快的速度增長。市盈率之所以高，可能是因為投資者認為，這種強勁的盈利增長在不久的將來將足以跑贏大盤。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 Shenzhen Tellus Holding
查看我們對深圳Tellus Holding的最新分析
How Is Shenzhen Tellus Holding's Growth Trending?
深圳泰樂斯控股的增長趨勢如何？
In order to justify its P/E ratio, Shenzhen Tellus Holding would need to produce impressive growth in excess of the market.
為了證明其市盈率是合理的，深圳泰樂斯控股需要實現令人印象深刻的超出市場的增長。
If we review the last year of earnings growth, the company posted a terrific increase of 131%. Pleasingly, EPS has also lifted 51% in aggregate from three years ago, thanks to the last 12 months of growth. Therefore, it's fair to say the earnings growth recently has been superb for the company.
如果我們回顧過去一年的收益增長，該公司公佈了131%的驚人增長。令人欣喜的是，由於過去12個月的增長，每股收益也比三年前上漲了51%。因此，公平地説，最近的收益增長對公司來説是一流的。
Comparing that to the market, which is predicted to deliver 35% growth in the next 12 months, the company's momentum is weaker based on recent medium-term annualised earnings results.
與預計未來12個月將實現35%增長的市場相比，根據最近的中期年化收益結果，該公司的增長勢頭較弱。
With this information, we find it concerning that Shenzhen Tellus Holding is trading at a P/E higher than the market. Apparently many investors in the company are way more bullish than recent times would indicate and aren't willing to let go of their stock at any price. Only the boldest would assume these prices are sustainable as a continuation of recent earnings trends is likely to weigh heavily on the share price eventually.
有了這些信息，我們發現深圳泰勒斯控股的市盈率高於大盤。顯然，該公司的許多投資者比最近的情況所顯示的要樂觀得多，不願以任何價格拋售他們的股票。只有最大膽的人才會認為這些價格是可持續的，因為最近盈利趨勢的延續最終可能會對股價造成沉重壓力。
The Final Word
最後的結論
Shenzhen Tellus Holding's P/E hasn't come down all the way after its stock plunged. We'd say the price-to-earnings ratio's power isn't primarily as a valuation instrument but rather to gauge current investor sentiment and future expectations.
在股價暴跌後，深圳泰樂斯控股的市盈率並沒有一路下降。我們會説，市盈率的力量主要不是作為一種估值工具，而是衡量當前投資者的情緒和未來預期。
Our examination of Shenzhen Tellus Holding revealed its three-year earnings trends aren't impacting its high P/E anywhere near as much as we would have predicted, given they look worse than current market expectations. Right now we are increasingly uncomfortable with the high P/E as this earnings performance isn't likely to support such positive sentiment for long. If recent medium-term earnings trends continue, it will place shareholders' investments at significant risk and potential investors in danger of paying an excessive premium.
我們對深圳Tellus Holding的調查顯示，該公司三年的盈利趨勢對其高市盈率的影響並不像我們預期的那麼大，因為它們看起來比目前的市場預期更糟糕。目前，我們對高市盈率越來越感到不安，因為這種盈利表現不太可能長期支撐這種積極情緒。如果近期的中期盈利趨勢持續下去，將使股東的投資面臨重大風險，潛在投資者面臨支付過高溢價的危險。
And what about other risks? Every company has them, and we've spotted 1 warning sign for Shenzhen Tellus Holding you should know about.
還有其他風險呢？每家公司都有，我們發現了深圳特勒斯控股的一個警告標誌，你應該知道。
If you're unsure about the strength of Shenzhen Tellus Holding's business, why not explore our interactive list of stocks with solid business fundamentals for some other companies you may have missed.
如果你.不確定深圳Tellus Holding的業務實力，為什麼不探索我們的互動名單與堅實的業務基本面為其他一些公司，你可能有不及預期的期望。
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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。
譯文內容由第三人軟體翻譯。