Positive Sentiment Still Eludes China CBM Group Company Limited (HKG:8270) Following 30% Share Price Slump
Positive Sentiment Still Eludes China CBM Group Company Limited (HKG:8270) Following 30% Share Price Slump
China CBM Group Company Limited (HKG:8270) shareholders won't be pleased to see that the share price has had a very rough month, dropping 30% and undoing the prior period's positive performance. The recent drop completes a disastrous twelve months for shareholders, who are sitting on a 57% loss during that time.
中國煤層氣集團有限公司（HKG: 8270）股東不會很高興看到股價經歷了一個非常艱難的月份，下跌了30％，抵消了前一時期的積極表現。對於股東來說，最近的下跌結束了災難性的十二個月，在此期間，股東虧損了57％。
Even after such a large drop in price, you could still be forgiven for feeling indifferent about China CBM Group's P/S ratio of 1x, since the median price-to-sales (or "P/S") ratio for the Oil and Gas industry in Hong Kong is about the same. However, investors might be overlooking a clear opportunity or potential setback if there is no rational basis for the P/S.
即使價格大幅下跌，你對中國煤層氣集團的1倍市銷率漠不關心還是可以原諒的，因爲香港石油和天然氣行業的中位價與銷售比率（或 “市盈率”）大致相同。但是，如果市銷率沒有合理的基礎，投資者可能會忽略明顯的機會或潛在的挫折。
View our latest analysis for China CBM Group
查看我們對中國煤層氣集團的最新分析
SEHK:8270 Price to Sales Ratio vs Industry January 28th 2024
SEHK: 8270 2024 年 1 月 28 日與行業的股價銷售比率
How China CBM Group Has Been Performing
中國煤層氣集團的表現如何
As an illustration, revenue has deteriorated at China CBM Group over the last year, which is not ideal at all. It might be that many expect the company to put the disappointing revenue performance behind them over the coming period, which has kept the P/S from falling. If not, then existing shareholders may be a little nervous about the viability of the share price.
舉例來說，去年中國煤層氣集團的收入有所惡化，這根本不理想。許多人可能預計，該公司將在未來一段時間內將令人失望的收入表現拋在腦後，這阻止了市銷售率的下降。如果不是，那麼現有股東可能會對股價的可行性有些緊張。
Want the full picture on earnings, revenue and cash flow for the company? Then our free report on China CBM Group will help you shine a light on its historical performance.
想全面了解公司的收益、收入和現金流嗎？那麼我們關於中國煤層氣集團的免費報告將幫助您了解其歷史表現。
Is There Some Revenue Growth Forecasted For China CBM Group?
預計中國煤層氣集團的收入會增長嗎？
In order to justify its P/S ratio, China CBM Group would need to produce growth that's similar to the industry.
爲了證明其市銷率是合理的，中國煤層氣集團需要實現與該行業相似的增長。
Retrospectively, the last year delivered a frustrating 21% decrease to the company's top line. However, a few very strong years before that means that it was still able to grow revenue by an impressive 59% in total over the last three years. Although it's been a bumpy ride, it's still fair to say the revenue growth recently has been more than adequate for the company.
回顧過去，去年該公司的收入下降了21％，令人沮喪。但是，在此之前的幾年非常強勁，這意味着它在過去三年中仍然能夠將總收入增長59％，令人印象深刻。儘管這是一個坎坷的旅程，但可以公平地說，最近的收入增長對公司來說已經足夠了。
This is in contrast to the rest of the industry, which is expected to grow by 0.6% over the next year, materially lower than the company's recent medium-term annualised growth rates.
這與該行業的其他部門形成鮮明對比，預計明年該行業將增長0.6％，大大低於該公司最近的中期年化增長率。
With this information, we find it interesting that China CBM Group is trading at a fairly similar P/S compared to the industry. Apparently some shareholders believe the recent performance is at its limits and have been accepting lower selling prices.
有了這些信息，我們發現有趣的是，與該行業相比，中國煤層氣集團的交易市銷率相當相似。顯然，一些股東認爲最近的表現已達到極限，並一直在接受較低的銷售價格。
The Key Takeaway
關鍵要點
China CBM Group's plummeting stock price has brought its P/S back to a similar region as the rest of the industry. Using the price-to-sales ratio alone to determine if you should sell your stock isn't sensible, however it can be a practical guide to the company's future prospects.
中國煤層氣集團股價暴跌使其市銷率回到了與該行業其他公司相似的水平。僅使用市銷率來確定是否應該出售股票是不明智的，但它可以作爲公司未來前景的實用指南。
To our surprise, China CBM Group revealed its three-year revenue trends aren't contributing to its P/S as much as we would have predicted, given they look better than current industry expectations. There could be some unobserved threats to revenue preventing the P/S ratio from matching this positive performance. While recent revenue trends over the past medium-term suggest that the risk of a price decline is low, investors appear to see the likelihood of revenue fluctuations in the future.
令我們驚訝的是，中國煤層氣集團透露，其三年收入趨勢對市銷售率的貢獻沒有我們預期的那麼大，因爲這些趨勢看起來好於當前的行業預期。可能存在一些未觀察到的收入威脅，使市銷售率無法與這種積極表現相提並論。儘管過去中期最近的收入趨勢表明價格下跌的風險很低，但投資者似乎看到了未來收入波動的可能性。
We don't want to rain on the parade too much, but we did also find 5 warning signs for China CBM Group that you need to be mindful of.
我們不想在遊行隊伍中下太多雨，但我們也確實發現了中國煤層氣集團需要注意的5個警告標誌。
If these risks are making you reconsider your opinion on China CBM Group, explore our interactive list of high quality stocks to get an idea of what else is out there.
如果這些風險讓你重新考慮你對中國煤層氣集團的看法，請瀏覽我們的高質量股票互動清單，了解還有什麼。
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