Samko Timber Limited (SGX:E6R) Shares Fly 100% But Investors Aren't Buying For Growth
Samko Timber Limited (SGX:E6R) Shares Fly 100% But Investors Aren't Buying For Growth
Samko Timber Limited (SGX:E6R) shareholders have had their patience rewarded with a 100% share price jump in the last month. But the last month did very little to improve the 75% share price decline over the last year.
新加坡交易所的Samko木材有限公司（SGX：E6R）股東的耐心得到了回報，股價在過去一個月內猛漲了100%。但過去一年的股價下跌幅度達75%，上個月的漲勢微不足道。
Although its price has surged higher, when close to half the companies operating in Singapore's Forestry industry have price-to-sales ratios (or "P/S") above 0.9x, you may still consider Samko Timber as an enticing stock to check out with its 0.2x P/S ratio. Although, it's not wise to just take the P/S at face value as there may be an explanation why it's limited.
雖然股票價格已經上漲，但在約半數在新加坡林業行業運營的公司的市銷率(或“P/S”)超過0.9倍之際，你可能仍然認爲Samko木材（0.2倍P/S）是一個有吸引力的股票。儘管如此，單純看市銷率並不明智，因爲可能會有一個解釋爲什麼這個比率較低。
SGX:E6R Price to Sales Ratio vs Industry June 13th 2024
新加坡交易所的Samko木材有限公司（SGX：E6R）市銷率與行業板塊對比 （2024 年 6 月 13 日）
What Does Samko Timber's Recent Performance Look Like?
Samko木材最近的業績如何?
For instance, Samko Timber's receding revenue in recent times would have to be some food for thought. Perhaps the market believes the recent revenue performance isn't good enough to keep up the industry, causing the P/S ratio to suffer. 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.
例如，Samko木材最近的營業收入下滑可能會引發一些思考。也許市場認爲最近的營收表現不足以跟上行業，導致市銷率下降。如果你喜歡這家公司，你希望這不是事實，這樣你就可以在它不受歡迎時購買到一些股票。
Although there are no analyst estimates available for Samko Timber, take a look at this free data-rich visualisation to see how the company stacks up on earnings, revenue and cash flow.
儘管目前沒有任何關於Samko木材的分析師預期，你可以查看這個免費的數據豐富的可視化圖來了解該公司在收益、營業收入和現金流方面的情況。
How Is Samko Timber's Revenue Growth Trending?
Samko木材的營收增長如何趨勢？
In order to justify its P/S ratio, Samko Timber would need to produce sluggish growth that's trailing the industry.
爲了證明其市銷率的合理性，Samko木材需要實現追趕行業的緩慢增長。
In reviewing the last year of financials, we were disheartened to see the company's revenues fell to the tune of 38%. The last three years don't look nice either as the company has shrunk revenue by 29% in aggregate. Therefore, it's fair to say the revenue growth recently has been undesirable for the company.
回顧去年的財務狀況，我們對公司營收下降了38%感到沮喪。過去三年看起來也不怎麼樣，因爲公司的營收總額按比例下降了29%。因此，可以說公司最近的營收增長對公司來說並不理想。
Comparing that to the industry, which is predicted to deliver 13% growth in the next 12 months, the company's downward momentum based on recent medium-term revenue results is a sobering picture.
與預計在未來12個月內實現13%增長的行業相比，公司基於最近中期營收表現的下行勢頭是一個令人警醒的景象。
In light of this, it's understandable that Samko Timber's P/S would sit below the majority of other companies. However, we think shrinking revenues are unlikely to lead to a stable P/S over the longer term, which could set up shareholders for future disappointment. There's potential for the P/S to fall to even lower levels if the company doesn't improve its top-line growth.
考慮到這一點，可以理解爲什麼Samko木材的市銷率會低於大多數其他公司。然而，我們認爲萎縮的營收不太可能在較長時間內導致穩定的市銷率，這可能會爲未來的股東帶來失望。如果該公司未能提高營收，其市銷率可能會降至更低的水平。
The Bottom Line On Samko Timber's P/S
關於Samko木材的市銷率：
Samko Timber's stock price has surged recently, but its but its P/S still remains modest. 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.
Samko木材的股價最近上漲了，但其市銷率仍然保持適度。一般來說，在做出投資決策時，我們會提醒不要過度關注市銷率，儘管這可以揭示其他市場參與者對公司的看法。
It's no surprise that Samko Timber maintains its low P/S off the back of its sliding revenue over the medium-term. At this stage investors feel the potential for an improvement in revenue isn't great enough to justify a higher P/S ratio. Unless the recent medium-term conditions improve, they will continue to form a barrier for the share price around these levels.
毫不奇怪，從中期來看，Samko木材因其萎縮的營收保持了低市銷率。在這個階段，投資者認爲營收改善的潛力不足以證明更高的市銷率。除非中期條件得到改善，否則它們將繼續在這些水平上形成股價的障礙。
We don't want to rain on the parade too much, but we did also find 4 warning signs for Samko Timber (3 are a bit concerning!) that you need to be mindful of.
我們不想對Samko木材過多打壓，但我們也找到了4個警示標誌，其中3個比較令人擔憂，你需要注意。
It's important to make sure you look for a great company, not just the first idea you come across. So if growing profitability aligns with your idea of a great company, take a peek at this free list of interesting companies with strong recent earnings growth (and a low P/E).
重要的是要確保您尋找一家優秀的公司，而不僅僅是您遇到的第一個想法。因此，如果您認爲增長利潤與偉大的公司理念相一致，請查看這份免費列表，其中包含有強大的最新盈利增長（以及低市盈率）的有趣公司。
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這篇文章是Simply Wall St的一般性文章。我們根據歷史數據和分析師預測提供評論，只使用公正的方法論，我們的文章並不意味着提供任何金融建議。文章不構成買賣任何股票的建議，也不考慮您的目標或您的財務狀況。我們的目標是帶給您基本數據驅動的長期關注分析。請注意，我們的分析可能不考慮最新的價格敏感公司公告或定性材料。Simply Wall St沒有任何股票頭寸。
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