Unfortunately for some shareholders, the Polestar Automotive Holding UK PLC (NASDAQ:PSNY) share price has dived 25% in the last thirty days, prolonging recent pain. For any long-term shareholders, the last month ends a year to forget by locking in a 64% share price decline.
After such a large drop in price, Polestar Automotive Holding UK may be sending bullish signals at the moment with its price-to-sales (or "P/S") ratio of 0.9x, since almost half of all companies in the Auto industry in the United States have P/S ratios greater than 1.8x and even P/S higher than 12x are not unusual. However, the P/S might be low for a reason and it requires further investigation to determine if it's justified.
NasdaqGM:PSNY Price to Sales Ratio vs Industry April 25th 2024
What Does Polestar Automotive Holding UK's P/S Mean For Shareholders?
Recent times have been advantageous for Polestar Automotive Holding UK as its revenues have been rising faster than most other companies. One possibility is that the P/S ratio is low because investors think this strong revenue performance might be less impressive moving forward. If the company manages to stay the course, then investors should be rewarded with a share price that matches its revenue figures.
Keen to find out how analysts think Polestar Automotive Holding UK's future stacks up against the industry? In that case, our free report is a great place to start.
What Are Revenue Growth Metrics Telling Us About The Low P/S?
The only time you'd be truly comfortable seeing a P/S as low as Polestar Automotive Holding UK's is when the company's growth is on track to lag the industry.
Taking a look back first, we see that the company grew revenue by an impressive 37% last year. Spectacularly, three year revenue growth has ballooned by several orders of magnitude, thanks in part to the last 12 months of revenue growth. So we can start by confirming that the company has done a tremendous job of growing revenue over that time.
Turning to the outlook, the next three years should generate growth of 62% per annum as estimated by the eight analysts watching the company. That's shaping up to be materially higher than the 22% each year growth forecast for the broader industry.
With this in consideration, we find it intriguing that Polestar Automotive Holding UK's P/S sits behind most of its industry peers. Apparently some shareholders are doubtful of the forecasts and have been accepting significantly lower selling prices.
What Does Polestar Automotive Holding UK's P/S Mean For Investors?
Polestar Automotive Holding UK's P/S has taken a dip along with its share price. Generally, our preference is to limit the use of the price-to-sales ratio to establishing what the market thinks about the overall health of a company.
To us, it seems Polestar Automotive Holding UK currently trades on a significantly depressed P/S given its forecasted revenue growth is higher than the rest of its industry. There could be some major risk factors that are placing downward pressure on the P/S ratio. It appears the market could be anticipating revenue instability, because these conditions should normally provide a boost to the share price.
Having said that, be aware Polestar Automotive Holding UK is showing 4 warning signs in our investment analysis, and 2 of those make us uncomfortable.
If these risks are making you reconsider your opinion on Polestar Automotive Holding UK, explore our interactive list of high quality stocks to get an idea of what else is out there.
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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.
不幸的是,對於一些股東來說,Polestar Automotive Holding UK PLC(納斯達克股票代碼:PSNY)的股價在過去 30 天內下跌了 25%,延續了近期的痛苦。對於任何長期股東來說,最後一個月的股價下跌幅度爲64%,從而結束了令人難忘的一年。
在價格大幅下跌之後,英國Polestar Automotive Holding目前可能以0.9倍的市銷率(或 “市銷率”)發出看漲信號,因爲美國汽車行業幾乎有一半公司的市銷率大於1.8倍,甚至市盈率高於12倍的情況並不少見。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。
納斯達克通用汽車公司:PSNY 與行業的股價銷售比率 2024 年 4 月 25 日
英國極星汽車控股公司的市銷率對股東意味着什麼?
最近對英國Polestar Automotive Holding來說是有利的,因爲其收入的增長速度快於大多數其他公司。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表現今後可能不那麼令人印象深刻。如果公司設法堅持下去,那麼投資者應該獲得與其收入數字相匹配的股價作爲獎勵。
想了解分析師如何看待英國Polestar Automotive Holding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。
收入增長指標告訴我們低市銷率有哪些?
只有當公司的增長有望落後於該行業時,你才能真正放心地看到像英國Polestar汽車控股公司一樣低的市銷率。
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37%。引人注目的是,三年的收入增長激增了幾個數量級,這在一定程度上要歸功於過去12個月的收入增長。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。
展望來看,根據關注該公司的八位分析師的估計,未來三年將實現每年62%的增長。這將大大高於整個行業每年22%的增長預期。
考慮到這一點,我們發現英國Polestar Automotive Holding的市銷率落後於大部分行業同行,這很有意思。顯然,一些股東對預測持懷疑態度,並一直在接受大幅降低的銷售價格。
英國極星汽車控股公司的市銷率對投資者意味着什麼?
英國Polestar Automotive Holding的市銷率與股價一起下跌。通常,我們傾向於限制使用市銷率來確定市場對公司整體健康狀況的看法。
在我們看來,鑑於英國Polestar Automotive Holding的預測收入增長高於其行業其他部門,目前的市銷率似乎嚴重低迷。可能有一些主要的風險因素給市銷率帶來下行壓力。看來市場可能會預期收入不穩定,因爲這些條件通常會提振股價。
話雖如此,請注意,英國Polestar Automotive Holding在我們的投資分析中顯示了4個警告信號,其中2個讓我們感到不舒服。
如果這些風險讓你重新考慮你對英國Polestar Automotive Holding的看法,請瀏覽我們的高質量股票互動清單,了解還有什麼。
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。