Take Care Before Jumping Onto Yoma Strategic Holdings Ltd. (SGX:Z59) Even Though It's 29% Cheaper
Take Care Before Jumping Onto Yoma Strategic Holdings Ltd. (SGX:Z59) Even Though It's 29% Cheaper
To the annoyance of some shareholders, Yoma Strategic Holdings Ltd. (SGX:Z59) shares are down a considerable 29% in the last month, which continues a horrid run for the company. The recent drop completes a disastrous twelve months for shareholders, who are sitting on a 58% loss during that time.
After such a large drop in price, Yoma Strategic Holdings may be sending buy signals at present with its price-to-sales (or "P/S") ratio of 0.4x, considering almost half of all companies in the Real Estate industry in Singapore have P/S ratios greater than 1.8x and even P/S higher than 4x aren't out of the ordinary. However, the P/S might be low for a reason and it requires further investigation to determine if it's justified.
What Does Yoma Strategic Holdings' P/S Mean For Shareholders?
With revenue growth that's exceedingly strong of late, Yoma Strategic Holdings has been doing very well. One possibility is that the P/S ratio is low because investors think this strong revenue growth might actually underperform the broader industry in the near future. If that doesn't eventuate, then existing shareholders have reason to be quite optimistic about the future direction of the share price.
Want the full picture on earnings, revenue and cash flow for the company? Then our free report on Yoma Strategic Holdings will help you shine a light on its historical performance.Do Revenue Forecasts Match The Low P/S Ratio?
Yoma Strategic Holdings' P/S ratio would be typical for a company that's only expected to deliver limited growth, and importantly, perform worse than the industry.
If we review the last year of revenue growth, the company posted a terrific increase of 129%. The latest three year period has also seen an excellent 85% overall rise in revenue, aided by its short-term performance. Therefore, it's fair to say the revenue growth recently has been superb for the company.
In contrast to the company, the rest of the industry is expected to decline by 1.7% over the next year, which puts the company's recent medium-term positive growth rates in a good light for now.
In light of this, it's quite peculiar that Yoma Strategic Holdings' P/S sits below the majority of other companies. Apparently some shareholders believe the recent performance has exceeded its limits and have been accepting significantly lower selling prices.
The Bottom Line On Yoma Strategic Holdings' P/S
The southerly movements of Yoma Strategic Holdings' shares means its P/S is now sitting at a pretty low level. We'd say the price-to-sales ratio's power isn't primarily as a valuation instrument but rather to gauge current investor sentiment and future expectations.
Upon analysing the past data, we see it is unexpected that Yoma Strategic Holdings is currently trading at a lower P/S than the rest of the industry given that its revenue growth in the past three-year years is exceeding expectations in a challenging industry. There could be some major unobserved threats to revenue preventing the P/S ratio from matching this positive performance. The most obvious risk is that its revenue trajectory may not keep outperforming under these tough industry conditions. At least the risk of a price drop looks to be subdued, but investors think future revenue could see a lot of volatility.
There are also other vital risk factors to consider and we've discovered 2 warning signs for Yoma Strategic Holdings (1 is concerning!) that you should be aware of before investing here.
If you're unsure about the strength of Yoma Strategic Holdings' business, why not explore our interactive list of stocks with solid business fundamentals for some other companies you may have missed.
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.
令一些股東感到煩惱的是,Yoma Strategic Holdings Ltd.(新加坡證券交易所股票代碼:Z59)的股價在上個月下跌了29%,這延續了該公司的糟糕表現。對於股東來說,最近的下跌結束了災難性的十二個月,在此期間,股東虧損了58%。
在價格大幅下跌之後,Yoma Strategic Holdings目前可能正在發出買入信號,其市銷率(或 “市盈率”)爲0.4倍,因爲新加坡房地產行業幾乎有一半公司的市盈率大於1.8倍,即使市盈率高於4倍也並非不尋常。但是,市銷率低可能是有原因的,需要進一步調查以確定其是否合理。
Yoma Strategic Holdings的市銷率對股東意味着什麼?
由於最近收入增長異常強勁,Yoma Strategic Holdings一直表現良好。一種可能性是市銷率很低,因爲投資者認爲這種強勁的收入增長在不久的將來實際上可能低於整個行業。如果最終沒有發生這種情況,那麼現有股東就有理由對股價的未來走向非常樂觀。
想全面了解公司的收益、收入和現金流嗎?然後,我們關於Yoma Strategic Holdings的免費報告將幫助您了解其歷史表現。收入預測與低市銷率相匹配嗎?
Yoma Strategic Holdings的市銷率對於一家預計增長有限,而且重要的是表現不如行業的公司來說是典型的。
如果我們回顧一下去年的收入增長,該公司公佈了129%的驚人增長。在短期表現的推動下,最近三年的總體收入也實現了85%的出色增長。因此,可以公平地說,該公司最近的收入增長非常好。
與該公司形成鮮明對比的是,該行業的其他部門預計將在明年下降1.7%,這使該公司最近的中期正增長率目前處於良好狀態。
有鑑於此,Yoma Strategic Holdings的市銷率低於其他多數公司是很奇怪的。顯然,一些股東認爲最近的表現已經超過了極限,並且一直在接受大幅降低的銷售價格。
Yoma Strategic Holdings市銷率的底線
Yoma Strategic Holdings股價向南走勢意味着其市銷率目前處於相當低的水平。我們可以說,市銷比率的力量主要不是作爲一種估值工具,而是用來衡量當前的投資者情緒和未來預期。
通過分析過去的數據,我們發現Yoma Strategic Holdings目前的市銷率低於該行業的其他公司,這是出人意料的,因爲在過去三年中,Yoma Strategic Holdings的收入增長超出了這個充滿挑戰的行業的預期。可能存在一些未觀察到的重大收入威脅,使市銷售率無法與這種積極表現相提並論。最明顯的風險是,在這些艱難的行業條件下,其收入軌跡可能無法保持跑贏大盤。至少價格下跌的風險似乎已被抑制,但投資者認爲未來的收入可能會出現很大的波動。
還有其他重要的風險因素需要考慮,我們已經發現了Yoma Strategic Holdings的2個警告信號(其中一個令人擔憂!)在這裏投資之前,您應該注意這一點。
如果您不確定Yoma Strategic Holdings的業務實力,爲什麼不瀏覽我們的互動式股票清單,其中列出了一些您可能錯過的其他公司,這些股票具有穩健的業務基本面。
對這篇文章有反饋嗎?對內容感到擔憂?直接聯繫我們。 或者,給編輯團隊 (at) simplywallst.com 發送電子郵件。
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,也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本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型公司公告或定性材料。簡而言之,華爾街沒有持有任何上述股票的頭寸。
譯文內容由第三人軟體翻譯。
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