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What Does Dow Inc.'s (NYSE:DOW) Share Price Indicate?

What Does Dow Inc.'s (NYSE:DOW) Share Price Indicate?

陶氏公司做什麼s(紐約證券交易所代碼:DOW)股價表明了嗎?
Simply Wall St ·  05/13 19:05

Let's talk about the popular Dow Inc. (NYSE:DOW). The company's shares saw a decent share price growth of 12% on the NYSE over the last few months. The company's trading levels have approached the yearly peak, following the recent bounce in the share price. As a large-cap stock with high coverage by analysts, you could assume any recent changes in the company's outlook is already priced into the stock. But what if there is still an opportunity to buy? Let's take a look at Dow's outlook and value based on the most recent financial data to see if the opportunity still exists.

讓我們來談談廣受歡迎的陶氏公司(紐約證券交易所代碼:DOW)。在過去的幾個月中,該公司的股價在紐約證券交易所的股價上漲了12%。繼最近股價反彈之後,該公司的交易水平已接近年度峯值。作爲一隻分析師報道率很高的大盤股,你可以假設該公司前景的任何最近變化都已經計入該股。但是,如果還有機會買入呢?讓我們根據最新的財務數據來看看陶氏的前景和價值,看看機會是否仍然存在。

What Is Dow Worth?

道瓊斯指數的價值是多少?

According to our price multiple model, where we compare the company's price-to-earnings ratio to the industry average, the stock currently looks expensive. We've used the price-to-earnings ratio in this instance because there's not enough visibility to forecast its cash flows. The stock's ratio of 35.2x is currently well-above the industry average of 22.65x, meaning that it is trading at a more expensive price relative to its peers. If you like the stock, you may want to keep an eye out for a potential price decline in the future. Given that Dow's share is fairly volatile (i.e. its price movements are magnified relative to the rest of the market) this could mean the price can sink lower, giving us another chance to buy in the future. This is based on its high beta, which is a good indicator for share price volatility.

根據我們的價格倍數模型,將公司的市盈率與行業平均水平進行比較,該股票目前看起來很昂貴。我們在這個例子中使用市盈率是因爲沒有足夠的可見性來預測其現金流。該股票的35.2倍比率目前遠高於行業平均水平的22.65倍,這意味着與同行相比,其交易價格更昂貴。如果你喜歡這隻股票,你可能需要留意未來潛在的價格下跌。鑑於道瓊斯指數的股票波動相當大(即其價格相對於其他市場的價格變動被放大),這可能意味着價格可能會下跌,從而爲我們提供未來又一次買入的機會。這是基於其高貝塔值,這是衡量股價波動的良好指標。

What does the future of Dow look like?

道瓊斯指數的未來是什麼樣子?

earnings-and-revenue-growth
NYSE:DOW Earnings and Revenue Growth May 13th 2024
紐約證券交易所:道瓊斯指數收益和收入增長 2024年5月13日

Investors looking for growth in their portfolio may want to consider the prospects of a company before buying its shares. Although value investors would argue that it's the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price. With profit expected to more than double over the next couple of years, the future seems bright for Dow. It looks like higher cash flow is on the cards for the stock, which should feed into a higher share valuation.

尋求投資組合增長的投資者可能需要在購買公司股票之前考慮公司的前景。儘管價值投資者會爭辯說,最重要的是相對於價格的內在價值,但更有說服力的投資論點是以低廉的價格獲得高增長潛力。預計未來幾年利潤將增加一倍以上,道瓊斯的前景似乎一片光明。看來該股的現金流即將增加,這應該會促進更高的股票估值。

What This Means For You

這對你意味着什麼

Are you a shareholder? It seems like the market has well and truly priced in DOW's positive outlook, with shares trading above industry price multiples. At this current price, shareholders may be asking a different question – should I sell? If you believe DOW should trade below its current price, selling high and buying it back up again when its price falls towards the industry PE ratio can be profitable. But before you make this decision, take a look at whether its fundamentals have changed.

你是股東嗎?在道瓊斯指數的樂觀前景下,市場的定價似乎確實不錯,股票的交易價格高於行業價格倍數。按照目前的價格,股東們可能會問另一個問題——我應該賣出嗎?如果您認爲道瓊斯指數的交易價格應低於其當前價格,那麼高價賣出並在其價格跌至行業市盈率時再次回購可以獲利。但是在做出這個決定之前,先看看它的基本面是否發生了變化。

Are you a potential investor? If you've been keeping an eye on DOW for a while, now may not be the best time to enter into the stock. The price has surpassed its industry peers, which means it is likely that there is no more upside from mispricing. However, the positive outlook is encouraging for DOW, which means it's worth diving deeper into other factors in order to take advantage of the next price drop.

你是潛在的投資者嗎?如果你關注道瓊斯指數已有一段時間了,那麼現在可能不是進入該股的最佳時機。該價格已經超過了業內同行,這意味着錯誤定價可能沒有更多的上行空間。但是,道瓊斯指數的樂觀前景令人鼓舞,這意味着值得深入研究其他因素,以利用下一次價格下跌的機會。

So if you'd like to dive deeper into this stock, it's crucial to consider any risks it's facing. Case in point: We've spotted 4 warning signs for Dow you should be mindful of and 1 of these is concerning.

因此,如果你想更深入地研究這隻股票,那麼考慮它面臨的任何風險至關重要。一個很好的例子:我們發現了你應該注意的道瓊斯指數的4個警告信號,其中一個令人擔憂。

If you are no longer interested in Dow, you can use our free platform to see our list of over 50 other stocks with a high growth potential.

如果您不再對陶氏感興趣,可以使用我們的免費平台查看我們列出的其他50多隻具有高增長潛力的股票清單。

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.

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。


以上內容僅用作資訊或教育之目的,不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。
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