Hang Xiao Steel Structure Co.,Ltd (SHSE:600477) Doing What It Can To Lift Shares
Hang Xiao Steel Structure Co.,Ltd (SHSE:600477) Doing What It Can To Lift Shares
When close to half the companies in China have price-to-earnings ratios (or "P/E's") above 32x, you may consider Hang Xiao Steel Structure Co.,Ltd (SHSE:600477) as an attractive investment with its 23.1x P/E ratio. However, the P/E might be low for a reason and it requires further investigation to determine if it's justified.
With earnings growth that's superior to most other companies of late, Hang Xiao Steel StructureLtd has been doing relatively well. One possibility is that the P/E is low because investors think this strong earnings performance might be less impressive moving forward. If not, then existing shareholders have reason to be quite optimistic about the future direction of the share price.
Keen to find out how analysts think Hang Xiao Steel StructureLtd's future stacks up against the industry? In that case, our free report is a great place to start.How Is Hang Xiao Steel StructureLtd's Growth Trending?
The only time you'd be truly comfortable seeing a P/E as low as Hang Xiao Steel StructureLtd's is when the company's growth is on track to lag the market.
If we review the last year of earnings growth, the company posted a worthy increase of 2.5%. Ultimately though, it couldn't turn around the poor performance of the prior period, with EPS shrinking 68% in total over the last three years. Therefore, it's fair to say the earnings growth recently has been undesirable for the company.
Looking ahead now, EPS is anticipated to climb by 43% during the coming year according to the three analysts following the company. Meanwhile, the rest of the market is forecast to expand by 39%, which is not materially different.
In light of this, it's peculiar that Hang Xiao Steel StructureLtd's P/E sits below the majority of other companies. Apparently some shareholders are doubtful of the forecasts and have been accepting lower selling prices.
What We Can Learn From Hang Xiao Steel StructureLtd's P/E?
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.
Our examination of Hang Xiao Steel StructureLtd's analyst forecasts revealed that its market-matching earnings outlook isn't contributing to its P/E as much as we would have predicted. When we see an average earnings outlook with market-like growth, we assume potential risks are what might be placing pressure on the P/E ratio. At least the risk of a price drop looks to be subdued, but investors seem to think future earnings could see some volatility.
Having said that, be aware Hang Xiao Steel StructureLtd is showing 3 warning signs in our investment analysis, and 2 of those are significant.
It's important to make sure you look for a great company, not just the first idea you come across. So take a peek at this free list of interesting companies with strong recent earnings growth (and a low P/E).
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.
當中國將近一半的公司的市盈率(或 “市盈率”)高於32倍時,你可以考慮杭蕭鋼結構有限公司。, Ltd(上海證券交易所股票代碼:600477)是一項有吸引力的投資,市盈率爲23.1倍。但是,市盈率之低可能是有原因的,需要進一步調查以確定其是否合理。
由於最近的收益增長優於大多數其他公司,杭蕭鋼結構有限公司的表現相對較好。一種可能性是市盈率很低,因爲投資者認爲這種強勁的盈利表現今後可能不那麼令人印象深刻。如果不是,那麼現有股東就有理由對股價的未來走向非常樂觀。
想了解分析師如何看待杭蕭鋼結構有限公司的未來與行業的對立嗎?在這種情況下,我們的免費報告是一個很好的起點。杭蕭鋼構有限公司的增長趨勢如何?
只有當公司的增長有望落後於市場時,你才能真正放心地看到像杭蕭鋼鐵結構有限公司一樣低的市盈率。
如果我們回顧一下去年的收益增長,該公司公佈了2.5%的可觀增長。但是,最終,它無法扭轉前一時期的糟糕表現,在過去三年中,每股收益總共下降了68%。因此,可以公平地說,最近的收益增長對公司來說是不可取的。
根據關注該公司的三位分析師的說法,展望未來,預計來年每股收益將增長43%。同時,預計其餘市場將增長39%,這沒有實質性區別。
有鑑於此,奇怪的是,杭蕭鋼鐵結構有限公司的市盈率低於其他大多數公司。顯然,一些股東對預測持懷疑態度,並一直在接受較低的銷售價格。
我們可以從杭蕭鋼構有限公司的市盈率中學到什麼?
僅使用市盈率來確定是否應該出售股票是不明智的,但它可以作爲公司未來前景的實用指南。
我們對杭蕭鋼鐵結構有限公司分析師預測的研究顯示,其與市場匹配的收益前景對市盈率的貢獻不如我們預期的那麼大。當我們看到具有類似市場增長的平均收益前景時,我們假設潛在風險可能會給市盈率帶來壓力。至少價格下跌的風險似乎有所減弱,但投資者似乎認爲未來的收益可能會出現一些波動。
話雖如此,請注意,杭蕭鋼結構有限公司在我們的投資分析中顯示了三個警告信號,其中兩個信號很重要。
重要的是要確保你尋找一家優秀的公司,而不僅僅是你遇到的第一個想法。因此,來看看這份免費名單,列出了最近收益增長強勁(市盈率低)的有趣公司。
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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