What You Can Learn From RENHENG Enterprise Holdings Limited's (HKG:3628) P/SAfter Its 26% Share Price Crash
What You Can Learn From RENHENG Enterprise Holdings Limited's (HKG:3628) P/SAfter Its 26% Share Price Crash
RENHENG Enterprise Holdings Limited (HKG:3628) shares have had a horrible month, losing 26% after a relatively good period beforehand. Instead of being rewarded, shareholders who have already held through the last twelve months are now sitting on a 10.0% share price drop.
仁恒企业控股有限公司 (HKG: 3628) 股价经历了糟糕的一个月，在经历了相对不错的时期之后下跌了26％。在过去十二个月中已经持有的股东没有获得回报，反而股价下跌了10.0％。
Even after such a large drop in price, you could still be forgiven for feeling indifferent about RENHENG Enterprise Holdings' P/S ratio of 0.9x, since the median price-to-sales (or "P/S") ratio for the Machinery industry in Hong Kong is also close to 0.6x. Although, it's not wise to simply ignore the P/S without explanation as investors may be disregarding a distinct opportunity or a costly mistake.
即使在价格大幅下跌之后，你仍然可以原谅你对仁恒企业控股0.9倍的市盈率漠不关心，因为香港机械行业的市盈率中位数（或 “市盈率”）也接近0.6倍。但是，在没有解释的情况下简单地忽视市盈率是不明智的，因为投资者可能忽视了独特的机会或代价高昂的错误。
View our latest analysis for RENHENG Enterprise Holdings
查看我们对仁恒企业控股的最新分析
SEHK:3628 Price to Sales Ratio vs Industry September 13th 2023
香港联交所:3628 市售比率与行业对比 2023年9月13日
How Has RENHENG Enterprise Holdings Performed Recently?
仁恒控股近期表现如何？
RENHENG Enterprise Holdings has been doing a good job lately as it's been growing revenue at a solid pace. One possibility is that the P/S is moderate because investors think this respectable revenue growth might not be enough to outperform the broader industry in the near future. 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 not quite in favour.
仁恒企业控股最近表现良好，收入稳步增长。一种可能性是市盈率适中，因为投资者认为这种可观的收入增长可能不足以在不久的将来跑赢整个行业。如果你喜欢这家公司，你会希望情况并非如此，这样你就有可能在股票不太受青睐的时候买入一些股票。
Want the full picture on earnings, revenue and cash flow for the company? Then our free report on RENHENG Enterprise Holdings will help you shine a light on its historical performance.
想全面了解公司的收益、收入和现金流吗？然后我们的 免费的 仁恒企业控股的报告将帮助您了解其历史表现。
What Are Revenue Growth Metrics Telling Us About The P/S?
收入增长指标告诉我们有关市盈率的哪些信息？
RENHENG Enterprise Holdings' P/S ratio would be typical for a company that's only expected to deliver moderate growth, and importantly, perform in line with the industry.
仁恒企业控股的市盈率对于一家预计只会实现适度增长且重要的是表现与行业持平的公司来说是典型的。
Retrospectively, the last year delivered an exceptional 29% gain to the company's top line. Pleasingly, revenue has also lifted 42% in aggregate from three years ago, thanks to the last 12 months of growth. Accordingly, shareholders would have definitely welcomed those medium-term rates of revenue growth.
回顾过去，去年该公司的收入增长了29％。令人高兴的是，得益于过去12个月的增长，总收入也比三年前增长了42％。因此，股东们肯定会欢迎这些中期收入增长率。
It's interesting to note that the rest of the industry is similarly expected to grow by 14% over the next year, which is fairly even with the company's recent medium-term annualised growth rates.
值得注意的是，该行业的其他部门同样预计明年将增长14％，这与该公司最近的中期年化增长率相当。
With this in consideration, it's clear to see why RENHENG Enterprise Holdings' P/S matches up closely to its industry peers. Apparently shareholders are comfortable to simply hold on assuming the company will continue keeping a low profile.
考虑到这一点，不难理解为什么仁恒企业控股的市盈率与业内同行非常接近。显然，股东们愿意坚持假设公司将继续保持低调。
The Bottom Line On RENHENG Enterprise Holdings' P/S
仁恒企业控股股市盈率的底线
RENHENG Enterprise Holdings' plummeting stock price has brought its P/S back to a similar region as the rest of the industry. While the price-to-sales ratio shouldn't be the defining factor in whether you buy a stock or not, it's quite a capable barometer of revenue expectations.
仁恒企业控股的股价暴跌使其市盈率回到了与其他行业相似的区域。虽然市售比不应成为你是否购买股票的决定性因素，但它是衡量收入预期的有力晴雨表。
It appears to us that RENHENG Enterprise Holdings maintains its moderate P/S off the back of its recent three-year growth being in line with the wider industry forecast. Currently, with a past revenue trend that aligns closely wit the industry outlook, shareholders are confident the company's future revenue outlook won't contain any major surprises. If recent medium-term revenue trends continue, it's hard to see the share price moving strongly in either direction in the near future under these circumstances.
在我们看来，仁恒企业控股维持了温和的市盈率，因为其最近的三年增长与更广泛的行业预测一致。目前，由于过去的收入趋势与行业前景非常吻合，股东们相信公司的未来收入前景不会出现任何重大意外。如果最近的中期收入趋势继续下去，那么在这种情况下，很难看到股价在不久的将来向任一方向强劲波动。
We don't want to rain on the parade too much, but we did also find 2 warning signs for RENHENG Enterprise Holdings (1 is significant!) that you need to be mindful of.
我们不想在游行队伍中下太多雨，但我们也发现了 仁恒企业控股有2个警告标志 （1 很重要！）你需要注意的。
If these risks are making you reconsider your opinion on RENHENG Enterprise Holdings, explore our interactive list of high quality stocks to get an idea of what else is out there.
如果这些 风险让你重新考虑你对仁恒控股的看法，浏览我们的高品质股票互动清单，了解还有什么。
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