XMH Holdings Ltd.'s (SGX:BQF) Price Is Right But Growth Is Lacking After Shares Rocket 33%
XMH Holdings Ltd.'s (SGX:BQF) Price Is Right But Growth Is Lacking After Shares Rocket 33%
Despite an already strong run, XMH Holdings Ltd. (SGX:BQF) shares have been powering on, with a gain of 33% in the last thirty days. The last 30 days bring the annual gain to a very sharp 35%.
Even after such a large jump in price, XMH Holdings may still be sending very bullish signals at the moment with its price-to-earnings (or "P/E") ratio of 4.9x, since almost half of all companies in Singapore have P/E ratios greater than 12x and even P/E's higher than 21x are not unusual. Nonetheless, we'd need to dig a little deeper to determine if there is a rational basis for the highly reduced P/E.
Recent times have been quite advantageous for XMH Holdings as its earnings have been rising very briskly. One possibility is that the P/E is low because investors think this strong earnings growth might actually underperform the broader market in the near future. If that doesn't eventuate, then existing shareholders have reason to be quite optimistic about the future direction of the share price.
Although there are no analyst estimates available for XMH Holdings, take a look at this free data-rich visualisation to see how the company stacks up on earnings, revenue and cash flow.Is There Any Growth For XMH Holdings?
There's an inherent assumption that a company should far underperform the market for P/E ratios like XMH Holdings' to be considered reasonable.
If we review the last year of earnings growth, the company posted a terrific increase of 212%. Still, EPS has barely risen at all from three years ago in total, which is not ideal. So it appears to us that the company has had a mixed result in terms of growing earnings over that time.
Weighing that recent medium-term earnings trajectory against the broader market's one-year forecast for expansion of 11% shows it's noticeably less attractive on an annualised basis.
In light of this, it's understandable that XMH Holdings' P/E sits below the majority of other companies. Apparently many shareholders weren't comfortable holding on to something they believe will continue to trail the bourse.
The Bottom Line On XMH Holdings' P/E
Even after such a strong price move, XMH Holdings' P/E still trails the rest of the market significantly. We'd say the price-to-earnings ratio's power isn't primarily as a valuation instrument but rather to gauge current investor sentiment and future expectations.
We've established that XMH Holdings maintains its low P/E on the weakness of its recent three-year growth being lower than the wider market forecast, as expected. Right now shareholders are accepting the low P/E as they concede future earnings probably won't provide any pleasant surprises. If recent medium-term earnings trends continue, it's hard to see the share price rising strongly in the near future under these circumstances.
Plus, you should also learn about these 3 warning signs we've spotted with XMH Holdings (including 1 which is potentially serious).
If these risks are making you reconsider your opinion on XMH Holdings, explore our interactive list of high quality stocks to get an idea of what else is out there.
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.
儘管已經表現強勁,但XMH控股有限公司(新加坡證券交易所股票代碼:BQF)的股價仍在上漲,在過去三十天中上漲了33%。在過去的30天裏,年增長率達到了非常大幅的35%。
即使在價格大幅上漲之後,XMH Holdings目前仍可能以4.9倍的市盈率(或 “市盈率”)發出非常看漲的信號,因爲新加坡幾乎有一半公司的市盈率超過12倍,甚至市盈率高於21倍也並不罕見。儘管如此,我們需要更深入地挖掘,以確定市盈率大幅下降是否有合理的基礎。
最近對XMH Holdings來說非常有利,因爲其收益一直在快速增長。一種可能性是市盈率很低,因爲投資者認爲這種強勁的收益增長在不久的將來實際上可能低於整個市場。如果最終沒有發生這種情況,那麼現有股東就有理由對股價的未來走向非常樂觀。
儘管沒有分析師對XMH Holdings的估計,但請看一下這個免費的數據豐富的可視化圖表,看看該公司如何積累收益、收入和現金流。XMH Holdings有增長嗎?
人們固有的假設是,如果像XMH Holdings這樣的市盈率被認爲是合理的,公司的表現應該遠遠低於市場。
如果我們回顧一下去年的收益增長,該公司公佈了212%的驚人增長。儘管如此,每股收益總額與三年前相比幾乎沒有增長,這並不理想。因此,在我們看來,該公司的收益增長好壞參半。
將最近的中期收益軌跡與整個市場對11%的增長預測進行權衡,可以看出,按年計算,其吸引力明顯降低。
有鑑於此,可以理解XMH Holdings的市盈率低於大多數其他公司。顯然,許多股東不願意持有他們認爲將繼續落後於交易所的股票。
XMH Holdings市盈率的底線
即使在價格走勢如此強勁之後,XMH Holdings的市盈率仍大大落後於其他市場。我們可以說,市盈率的力量主要不是作爲估值工具,而是衡量當前投資者情緒和未來預期。
我們已經確定,XMH Holdings維持低市盈率,原因是其最近三年的增長疲軟,低於整個市場的預期。目前,股東們正在接受低市盈率,因爲他們承認未來的收益可能不會帶來任何驚喜。如果最近的中期收益趨勢繼續下去,在這種情況下,很難看到股價在不久的將來強勁上漲。
另外,你還應該了解我們在XMH Holdings發現的這3個警告信號(包括一個可能嚴重的警告信號)。
如果這些風險讓你重新考慮你對XMH Holdings的看法,請瀏覽我們的高質量股票互動清單,了解還有什麼。
對這篇文章有反饋嗎?對內容感到擔憂?直接聯繫我們。 或者,給編輯團隊 (at) simplywallst.com 發送電子郵件。
Simply Wall St的這篇文章本質上是籠統的。我們僅使用公正的方法根據歷史數據和分析師的預測提供評論,我們的文章無意作爲財務建議。它不構成買入或賣出任何股票的建議,也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本數據驅動的長期重點分析。請注意,我們的分析可能不考慮最新的價格敏感型公司公告或定性材料。簡而言之,華爾街沒有持有任何上述股票的頭寸。
譯文內容由第三人軟體翻譯。
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