To the annoyance of some shareholders, Tigo Energy, Inc. (NASDAQ:TYGO) shares are down a considerable 25% in the last month, which continues a horrid run for the company. For any long-term shareholders, the last month ends a year to forget by locking in a 90% share price decline.
Following the heavy fall in price, Tigo Energy's price-to-sales (or "P/S") ratio of 0.4x might make it look like a buy right now compared to the Electrical industry in the United States, where around half of the companies have P/S ratios above 1.8x and even P/S above 4x are quite common. Nonetheless, we'd need to dig a little deeper to determine if there is a rational basis for the reduced P/S.
NasdaqCM:TYGO Price to Sales Ratio vs Industry April 6th 2024
How Has Tigo Energy Performed Recently?
With revenue growth that's superior to most other companies of late, Tigo Energy has been doing relatively well. Perhaps the market is expecting future revenue performance to dive, which has kept the P/S suppressed. If you like the company, you'd be hoping this isn't the case so that you could potentially pick up some stock while it's out of favour.
Keen to find out how analysts think Tigo Energy's future stacks up against the industry? In that case, our free report is a great place to start.
Do Revenue Forecasts Match The Low P/S Ratio?
In order to justify its P/S ratio, Tigo Energy would need to produce sluggish growth that's trailing the industry.
Retrospectively, the last year delivered an exceptional 79% gain to the company's top line. The latest three year period has also seen an incredible overall rise in revenue, aided by its incredible short-term performance. So we can start by confirming that the company has done a tremendous job of growing revenue over that time.
Shifting to the future, estimates from the four analysts covering the company suggest revenue should grow by 4.8% per year over the next three years. With the industry predicted to deliver 37% growth per year, the company is positioned for a weaker revenue result.
With this in consideration, its clear as to why Tigo Energy's P/S is falling short industry peers. Apparently many shareholders weren't comfortable holding on while the company is potentially eyeing a less prosperous future.
What Does Tigo Energy's P/S Mean For Investors?
The southerly movements of Tigo Energy's shares means its P/S is now sitting at a pretty low level. Typically, we'd caution against reading too much into price-to-sales ratios when settling on investment decisions, though it can reveal plenty about what other market participants think about the company.
As we suspected, our examination of Tigo Energy's analyst forecasts revealed that its inferior revenue outlook is contributing to its low P/S. Right now shareholders are accepting the low P/S as they concede future revenue probably won't provide any pleasant surprises. Unless these conditions improve, they will continue to form a barrier for the share price around these levels.
We don't want to rain on the parade too much, but we did also find 6 warning signs for Tigo Energy (1 is a bit concerning!) that you need to be mindful of.
If companies with solid past earnings growth is up your alley, you may wish to see this free collection of other companies with strong earnings growth and low P/E ratios.
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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.
令一些股東煩惱的是,Tigo Energy, Inc.(納斯達克股票代碼:TYGO)的股價在上個月下跌了25%,這延續了該公司的糟糕表現。對於任何長期股東來說,最後一個月的股價跌幅鎖定了90%的跌幅,從而結束了令人難忘的一年。
在價格大幅下跌之後,與美國的電氣行業相比,Tigo Energy的0.4倍市銷率(或 “市銷率”)可能使其目前看起來像買入,在美國,約有一半的公司的市盈率高於1.8倍,甚至市盈率高於4倍也很常見。但是,我們需要更深入地挖掘以確定降低市銷率是否有合理的依據。
納斯達克公司:2024年4月6日TYGO與行業的股價銷售比率
Tigo Energy最近的表現如何?
由於最近的收入增長優於大多數其他公司,Tigo Energy的表現相對較好。也許市場預計未來的收入表現將下降,這使市銷率一直受到抑制。如果你喜歡這家公司,你希望情況並非如此,這樣你就有可能在它失寵的時候買入一些股票。
想了解分析師如何看待Tigo Energy的未來與該行業的對立嗎?在這種情況下,我們的免費報告是一個很好的起點。
收入預測與低市銷率相匹配嗎?
爲了證明其市銷率是合理的,Tigo Energy需要實現落後於該行業的緩慢增長。
回顧過去,去年的公司收入實現了79%的驚人增長。得益於其令人難以置信的短期表現,最近三年的總體收入也實現了令人難以置信的增長。因此,我們可以首先確認該公司在這段時間內在增加收入方面做得非常出色。
展望未來,負責該公司的四位分析師的估計表明,未來三年收入每年將增長4.8%。預計該行業每年將實現37%的增長,因此該公司的收入業績將疲軟。
考慮到這一點,很明顯,Tigo Energy的市銷率爲何低於業內同行。顯然,許多股東不願堅持下去,而該公司可能正在考慮不那麼繁榮的未來。
Tigo Energy的市銷率對投資者意味着什麼?
Tigo Energy股價向南走勢意味着其市銷率目前處於相當低的水平。通常,在做出投資決策時,我們謹慎行事,不要過多地考慮市售比率,儘管這可以揭示其他市場參與者對公司的看法。
正如我們所懷疑的那樣,我們對Tigo Energy分析師預測的審查顯示,其收入前景不佳是其低市銷率的原因。目前,股東們正在接受低市銷售率,因爲他們承認未來的收入可能不會帶來任何驚喜。除非這些條件有所改善,否則它們將繼續構成股價在這些水平附近的障礙。
我們不想在遊行隊伍中下太多雨,但我們還發現了 Tigo Energy 的 6 個警告標誌(1 個有點令人擔憂!)你需要注意的。
如果過去盈利增長穩健的公司處於困境,那麼你可能希望看到這些盈利增長強勁、市盈率低的其他公司的免費集合。
對這篇文章有反饋嗎?對內容感到擔憂嗎?請直接聯繫我們。或者,也可以發送電子郵件至編輯團隊 (at) simplywallst.com。
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。