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Doximity, Inc.'s (NYSE:DOCS) Popularity With Investors Under Threat As Stock Sinks 37%

Doximity, Inc.'s (NYSE:DOCS) Popularity With Investors Under Threat As Stock Sinks 37%

Doximity,Inc.(纽约证券交易所代码:DOCS)在投资者中的人气受到威胁,股价下跌37%
Simply Wall St ·  2022/05/19 18:52

To the annoyance of some shareholders, Doximity, Inc. (NYSE:DOCS) shares are down a considerable 37% in the last month, which continues a horrid run for the company. Longer-term shareholders will rue the drop in the share price, since it's now virtually flat for the year after a promising few quarters.

令一些股东恼火的是,Doximity公司(纽约证券交易所股票代码:DOCS)的股价在过去一个月里大幅下跌了37%,这对该公司来说继续着可怕的涨势。较长期的股东将为股价下跌感到后悔,因为在经历了几个充满希望的季度后,今年的股价几乎持平。

In spite of the heavy fall in price, given close to half the companies in the United States have price-to-earnings ratios (or "P/E's") below 15x, you may still consider Doximity as a stock to avoid entirely with its 32.9x P/E ratio. Nonetheless, we'd need to dig a little deeper to determine if there is a rational basis for the highly elevated P/E.

尽管股价大幅下跌,但鉴于近一半的美国公司的市盈率(P/E)低于15倍,你可能仍然会考虑将Doximity作为一只股票来完全避免其32.9倍的市盈率。尽管如此,我们还需要更深入地挖掘,以确定市盈率大幅上升是否有合理的基础。

Doximity certainly has been doing a good job lately as it's been growing earnings more than most other companies. It seems that many are expecting the strong earnings performance to persist, which has raised the P/E. You'd really hope so, otherwise you're paying a pretty hefty price for no particular reason.

Doximity最近肯定做得很好,因为它的收益增长速度超过了大多数其他公司。似乎许多人预计强劲的盈利表现将持续下去,这提高了市盈率。你真的希望如此,否则你会毫无理由地付出相当大的代价。

See our latest analysis for Doximity

查看我们对Doximity的最新分析

NYSE:DOCS Price Based on Past Earnings May 19th 2022 Keen to find out how analysts think Doximity's future stacks up against the industry? In that case, our
纽约证券交易所:基于过去收益的DOCS价格2022年5月19日渴望了解分析师认为Doximity的未来与行业相比如何?那样的话,我们的
free
免费
report is a great place to start.
报告是一个很好的起点。

Does Growth Match The High P/E?

增长是否与高市盈率相匹配?

There's an inherent assumption that a company should far outperform the market for P/E ratios like Doximity's to be considered reasonable.

有一种固有的假设,即一家公司的市盈率应该远远超过市场,因为Doximity这样的市盈率才是合理的。

Taking a look back first, we see that the company grew earnings per share by an impressive 272% last year. The strong recent performance means it was also able to grow EPS by 9,855% in total over the last three years. So we can start by confirming that the company has done a great job of growing earnings over that time.

先回过头来看,该公司去年的每股收益增长了272%,令人印象深刻。最近的强劲表现意味着它在过去三年中每股收益也总共增长了9855%。因此,我们可以从确认该公司在这段时间内在增长收益方面做得很好开始。

Shifting to the future, estimates from the ten analysts covering the company suggest earnings should grow by 11% per year over the next three years. That's shaping up to be similar to the 11% each year growth forecast for the broader market.

展望未来,跟踪该公司的十位分析师的预测显示,未来三年,该公司的收益将以每年11%的速度增长。这将与大盘每年11%的增长预期相仿。

In light of this, it's curious that Doximity's P/E sits above the majority of other companies. It seems most investors are ignoring the fairly average growth expectations and are willing to pay up for exposure to the stock. These shareholders may be setting themselves up for disappointment if the P/E falls to levels more in line with the growth outlook.

有鉴于此,令人好奇的是,Doximity的市盈率高于大多数其他公司。似乎大多数投资者忽视了相当平均的增长预期,愿意为股票敞口支付高价。如果市盈率降至更符合增长前景的水平,这些股东可能会感到失望。

What We Can Learn From Doximity's P/E?

我们能从Doximity的市盈率中学到什么?

A significant share price dive has done very little to deflate Doximity's very lofty P/E. Typically, we'd caution against reading too much into price-to-earnings ratios when settling on investment decisions, though it can reveal plenty about what other market participants think about the company.

股价的大幅下跌对降低Doximity非常高的市盈率几乎没有起到什么作用。通常情况下,我们在做出投资决策时会告诫不要过度解读市盈率,尽管它可以充分揭示其他市场参与者对该公司的看法。

We've established that Doximity currently trades on a higher than expected P/E since its forecast growth is only in line with the wider market. Right now we are uncomfortable with the relatively high share price as the predicted future earnings aren't likely to support such positive sentiment for long. This places shareholders' investments at risk and potential investors in danger of paying an unnecessary premium.

我们已经确定,Doximity目前的市盈率高于预期,因为它的预期增长只是与更广泛的市场一致。目前,我们对相对较高的股价感到不安,因为预计的未来收益不太可能长期支持这种积极的情绪。这使股东的投资面临风险,潜在投资者面临支付不必要溢价的危险。

You should always think about risks. Case in point, we've spotted 4 warning signs for Doximity you should be aware of, and 2 of them shouldn't be ignored.

你应该时刻考虑风险。举个例子,我们发现多氧症的4个警告征兆你应该意识到,其中有两个不应该被忽视。

It's important to make sure you look for a great company, not just the first idea you come across. So take a peek at this free list of interesting companies with strong recent earnings growth (and a P/E ratio below 20x).

重要的是确保你寻找的是一家伟大的公司,而不仅仅是你遇到的第一个想法。所以让我们来看看这个免费近期盈利增长强劲(市盈率低于20倍)的有趣公司名单。

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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.

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本文由Simply Wall St.撰写,具有概括性。我们仅使用不偏不倚的方法提供基于历史数据和分析师预测的评论,我们的文章并不打算作为财务建议。它不构成买卖任何股票的建议,也没有考虑你的目标或你的财务状况。我们的目标是为您带来由基本面数据驱动的长期重点分析。请注意,我们的分析可能不会将最新的对价格敏感的公司公告或定性材料考虑在内。Simply Wall St.对上述任何一只股票都没有持仓。

译文内容由第三方软件翻译。


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