Atlas Energy Solutions Inc. (NYSE:AESI) Not Flying Under The Radar
Atlas Energy Solutions Inc. (NYSE:AESI) Not Flying Under The Radar
When close to half the companies in the United States have price-to-earnings ratios (or "P/E's") below 16x, you may consider Atlas Energy Solutions Inc. (NYSE:AESI) as a stock to potentially avoid with its 22.8x P/E ratio. Nonetheless, we'd need to dig a little deeper to determine if there is a rational basis for the elevated P/E.
With its earnings growth in positive territory compared to the declining earnings of most other companies, Atlas Energy Solutions has been doing quite well of late. The P/E is probably high because investors think the company will continue to navigate the broader market headwinds better than most. You'd really hope so, otherwise you're paying a pretty hefty price for no particular reason.
If you'd like to see what analysts are forecasting going forward, you should check out our free report on Atlas Energy Solutions.What Are Growth Metrics Telling Us About The High P/E?
The only time you'd be truly comfortable seeing a P/E as high as Atlas Energy Solutions' is when the company's growth is on track to outshine the market.
If we review the last year of earnings growth, the company posted a terrific increase of 215%. However, the latest three year period hasn't been as great in aggregate as it didn't manage to provide any growth at all. Accordingly, shareholders probably wouldn't have been overly satisfied with the unstable medium-term growth rates.
Shifting to the future, estimates from the six analysts covering the company suggest earnings should grow by 60% over the next year. That's shaping up to be materially higher than the 11% growth forecast for the broader market.
With this information, we can see why Atlas Energy Solutions is trading at such a high P/E compared to the market. Apparently shareholders aren't keen to offload something that is potentially eyeing a more prosperous future.
The Bottom Line On Atlas Energy Solutions' P/E
Generally, our preference is to limit the use of the price-to-earnings ratio to establishing what the market thinks about the overall health of a company.
We've established that Atlas Energy Solutions maintains its high P/E on the strength of its forecast growth being higher than the wider market, as expected. At this stage investors feel the potential for a deterioration in earnings isn't great enough to justify a lower P/E ratio. It's hard to see the share price falling strongly in the near future under these circumstances.
Before you settle on your opinion, we've discovered 5 warning signs for Atlas Energy Solutions (1 is significant!) that you should be aware of.
Of course, you might also be able to find a better stock than Atlas Energy Solutions. So you may wish to see this free collection of other companies that have reasonable P/E ratios and have grown earnings strongly.
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.
當將近一半的美國公司的市盈率(或 “市盈率”)低於16倍時,您可以將阿特拉斯能源解決方案公司(紐約證券交易所代碼:AESI)視爲市盈率爲22.8倍的股票,可能會避免。儘管如此,我們需要更深入地挖掘以確定市盈率上升是否有合理的基礎。
與大多數其他公司的收益下降相比,Atlas Energy Solutions的收益增長處於正值區間,最近表現良好。市盈率可能很高,因爲投資者認爲該公司將繼續比大多數人更好地應對更廣泛的市場阻力。你真的希望如此,否則你會無緣無故地付出相當大的代價。
如果你想了解分析師對未來的預測,你應該查看我們關於阿特拉斯能源解決方案的免費報告。關於高市盈率,增長指標告訴我們什麼?
只有當公司的增長有望超越市場時,你才能真正放心地看到像阿特拉斯能源解決方案一樣高的市盈率。
如果我們回顧一下去年的收益增長,該公司公佈了215%的驚人增長。但是,最近三年的總體表現並不那麼好,因爲它根本沒有帶來任何增長。因此,股東們可能不會對不穩定的中期增長率過於滿意。
展望未來,報道該公司的六位分析師的估計表明,明年的收益將增長60%。這將大大高於整個市場11%的增長預期。
有了這些信息,我們可以明白爲什麼阿特拉斯能源解決方案的市盈率與市場相比如此之高。顯然,股東們並不熱衷於轉移可能着眼於更繁榮未來的東西。
Atlas Energy Solutions市盈率的底線
通常,我們傾向於將市盈率的使用限制在確定市場對公司整體健康狀況的看法上。
我們已經確定,Atlas Energy Solutions之所以維持其高市盈率,是因爲其預測的增長將高於整個市場,正如預期的那樣。在現階段,投資者認爲,收益惡化的可能性不足以證明降低市盈率是合理的。在這種情況下,很難看到股價在不久的將來會強勁下跌。
在你確定自己的意見之前,我們已經發現了阿特拉斯能源解決方案的5個警告信號(其中一個很重要!)你應該注意的。
當然,你也可以找到比阿特拉斯能源解決方案更好的股票。因此,你不妨免費查看其他市盈率合理且收益強勁增長的公司。
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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