What You Can Learn From Samsara Inc.'s (NYSE:IOT) P/S
What You Can Learn From Samsara Inc.'s (NYSE:IOT) P/S
Samsara Inc.'s (NYSE:IOT) price-to-sales (or "P/S") ratio of 17.7x might make it look like a strong sell right now compared to the Software industry in the United States, where around half of the companies have P/S ratios below 4.2x and even P/S below 1.6x are quite common. Although, it's not wise to just take the P/S at face value as there may be an explanation why it's so lofty.
What Does Samsara's P/S Mean For Shareholders?
With revenue growth that's superior to most other companies of late, Samsara has been doing relatively well. The P/S is probably high because investors think this strong revenue performance will continue. You'd really hope so, otherwise you're paying a pretty hefty price for no particular reason.
Keen to find out how analysts think Samsara's future stacks up against the industry? In that case, our free report is a great place to start.Is There Enough Revenue Growth Forecasted For Samsara?
Samsara's P/S ratio would be typical for a company that's expected to deliver very strong growth, and importantly, perform much better than the industry.
Taking a look back first, we see that the company grew revenue by an impressive 43% last year. Pleasingly, revenue has also lifted 275% in aggregate from three years ago, thanks to the last 12 months of growth. So we can start by confirming that the company has done a great job of growing revenue over that time.
Shifting to the future, estimates from the analysts covering the company suggest revenue should grow by 26% per year over the next three years. Meanwhile, the rest of the industry is forecast to only expand by 15% per annum, which is noticeably less attractive.
With this in mind, it's not hard to understand why Samsara's P/S is high relative to its industry peers. Apparently shareholders aren't keen to offload something that is potentially eyeing a more prosperous future.
The Bottom Line On Samsara's P/S
Using the price-to-sales 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.
We've established that Samsara maintains its high P/S on the strength of its forecasted revenue growth being higher than the the rest of the Software industry, as expected. Right now shareholders are comfortable with the P/S as they are quite confident future revenues aren't under threat. Unless the analysts have really missed the mark, these strong revenue forecasts should keep the share price buoyant.
And what about other risks? Every company has them, and we've spotted 3 warning signs for Samsara you should know about.
If you're unsure about the strength of Samsara's 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.
Samsara Inc. 's(紐約證券交易所代碼:IOT)市銷率(或 “市盈率”)爲17.7倍,與美國軟件行業相比,目前看上去像是強勁的拋售。在美國,約有一半公司的市盈率低於4.2倍,甚至市盈率低於1.6倍也很常見。但是,僅按面值計算市銷率是不明智的,因爲可以解釋其爲何如此之高。
Samsara的市銷率對股東意味着什麼?
由於最近的收入增長優於大多數其他公司,Samsara的表現相對較好。市銷率可能很高,因爲投資者認爲這種強勁的收入表現將繼續下去。你真的希望如此,否則你會無緣無故地付出相當大的代價。
想了解分析師如何看待Samsara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。預計 Samsara 的收入增長是否足夠?
Samsara的市銷率對於一家預計將實現非常強勁的增長,而且重要的是,其表現要好於行業的公司來說是典型的。
首先回顧一下,我們發現該公司去年的收入增長了令人印象深刻的43%。令人高興的是,得益於過去12個月的增長,總收入也比三年前增長了275%。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很好。
展望未來,報道該公司的分析師的估計表明,未來三年收入每年將增長26%。同時,預計該行業的其他部門每年僅增長15%,這明顯不那麼吸引人。
考慮到這一點,不難理解爲何Samsara的市銷率高於同行。顯然,股東們並不熱衷於轉移可能着眼於更繁榮未來的東西。
Samsara 市銷率的底線
僅使用市銷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。
我們已經確定,Samsara之所以保持較高的市銷率,是因爲其預測的收入增長將高於軟件行業的其他部門。目前,股東們對市銷率感到滿意,因爲他們非常有信心未來的收入不會受到威脅。除非分析師真的沒有達到目標,否則這些強勁的收入預測應該會保持股價的上漲。
那其他風險呢?每家公司都有它們,我們發現了你應該知道的 3 個 Samsara 警告信號。
如果您不確定Samsara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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