Is It Too Late To Consider Buying PTC Inc. (NASDAQ:PTC)?
Is It Too Late To Consider Buying PTC Inc. (NASDAQ:PTC)?
Today we're going to take a look at the well-established PTC Inc. (NASDAQ:PTC). The company's stock received a lot of attention from a substantial price movement on the NASDAQGS over the last few months, increasing to US$190 at one point, and dropping to the lows of US$171. Some share price movements can give investors a better opportunity to enter into the stock, and potentially buy at a lower price. A question to answer is whether PTC's current trading price of US$186 reflective of the actual value of the large-cap? Or is it currently undervalued, providing us with the opportunity to buy? Let's take a look at PTC's outlook and value based on the most recent financial data to see if there are any catalysts for a price change.
今天我們來看看成立已久的PTC Inc. (納斯達克: PTC)。在過去的幾個月裏，該公司的股票在納斯達克GS上發生了大幅波動，一度上漲到190美元，跌至171美元的低點。有些股價波動可能爲投資者提供更好的機會進入股票市場，並可能以較低的價格購買。需要回答的問題是，PTC當前的交易價格186美元是否反映了這家大型公司的實際價值？或者它目前被低估，給我們提供了購買的機會？讓我們根據最近的財務數據來看看PTC的前景和價值，看看是否有任何潛力引發價格變動。
Is PTC Still Cheap?
PTC還便宜嗎？
PTC appears to be expensive according to our price multiple model, which makes a comparison between the company's price-to-earnings ratio and the industry average. 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 77.57x is currently well-above the industry average of 40.88x, meaning that it is trading at a more expensive price relative to its peers. But, is there another opportunity to buy low in the future? Since PTC's share price is quite volatile, this could mean it can sink lower (or rise even further) in the future, giving us another chance to invest. This is based on its high beta, which is a good indicator for how much the stock moves relative to the rest of the market.
根據我們的價格多重模型，PTC似乎是比較貴的，該模型比較了公司市盈率和行業平均值。我們在這種情況下使用市盈率，因爲預測其現金流量的可見度不夠。該股票的77.57倍市盈率當前遠高於行業平均值40.88倍，這意味着相對於同行業而言，它以更昂貴的價格交易。但是，未來是否會有另一個低價買入的機會呢？由於PTC的股價相當波動，這可能意味着它未來可能會更低（或升高），給我們另一個投資機會。這基於其高貝塔值，它是衡量該股相對於整個市場的移動幅度的好指標。
What kind of growth will PTC generate?
PTC將產生哪種增長？
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. PTC's earnings over the next few years are expected to double, indicating a very optimistic future ahead. This should lead to stronger cash flows, feeding into a higher share value.
尋求投資組合增長的投資者可能需要在購買股票之前考慮公司前景。雖然價值投資者認爲重要的是相對價格的內在價值，但更具吸引力的投資論點是實現高成長潛力的低價。PTC未來幾年的收益預計將翻番，表明前景非常樂觀。這將導致更強的現金流，反過來提高股價。
What This Means For You
這對您意味着什麼？
Are you a shareholder? It seems like the market has well and truly priced in PTC'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 PTC 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.
您是股東嗎？市場已充分考慮了PTC的積極前景，股票交易的價格高於行業價格倍數。在當前價格下，股東可能會問一個不同的問題-我應該賣出嗎？如果您認爲PTC應該低於當前價格，那麼在其價格接近行業市盈率時高價出售並回購可能是有利可圖的。但在做出這個決定之前，請看看它的基本面是否發生了變化。
Are you a potential investor? If you've been keeping tabs on PTC for some time, 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 PTC, which means it's worth diving deeper into other factors in order to take advantage of the next price drop.
您是潛在的投資者嗎？如果您一直關注PTC，現在可能不是進入股市的最佳時機。股價已超過同行業公司，這意味着可能沒有更多的錯價優勢。然而，積極的前景爲PTC帶來了鼓舞人心的意義，這意味着有必要深入研究其他因素，以便利用下一次價格下跌。
If you want to dive deeper into PTC, you'd also look into what risks it is currently facing. While conducting our analysis, we found that PTC has 2 warning signs and it would be unwise to ignore these.
如果您想深入了解PTC，還應考慮它目前面臨什麼風險。在分析過程中，我們發現PTC存在兩個警示信號，忽略這些信號是不明智的。
If you are no longer interested in PTC, 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PTC感興趣，您可以使用我們的免費平台查看我們超過50個其他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.
對本文有反饋？關於內容有所顧慮？直接和我們聯繫。或者，發送電子郵件至editorial-team (at) simplywallst.com。
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。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
對本文有反饋？關於內容有所顧慮？直接和我們聯繫。或者發送電子郵件至editorial-team@simplywallst.com。
譯文內容由第三人軟體翻譯。