Cenntro Inc. (NASDAQ:CENN) Stocks Shoot Up 27% But Its P/S Still Looks Reasonable
Cenntro Inc. (NASDAQ:CENN) Stocks Shoot Up 27% But Its P/S Still Looks Reasonable
Cenntro Inc. (NASDAQ:CENN) shares have continued their recent momentum with a 27% gain in the last month alone. Unfortunately, the gains of the last month did little to right the losses of the last year with the stock still down 41% over that time.
Cenntro公司（納斯達克：CENN）股票在過去一個月中持續上漲，漲幅達到27%。然而，過去一年的虧損仍使股票下跌了41%。
After such a large jump in price, given close to half the companies operating in the United States' Auto industry have price-to-sales ratios (or "P/S") below 1.7x, you may consider Cenntro as a stock to potentially avoid with its 2.6x P/S ratio. Although, it's not wise to just take the P/S at face value as there may be an explanation why it's as high as it is.
在股價大漲後，接近一半美國汽車行業的公司市銷率（或P/S）低於1.7倍，你可能需要考慮避開Cenntro，它的市銷率爲2.6倍。然而，僅憑市銷率並不明智，因爲可能有解釋爲什麼它會這麼高。
NasdaqCM:CENN Price to Sales Ratio vs Industry June 4th 2024
NasdaqCM:CENN市銷率相對於行業板塊於2024年6月4日。
How Cenntro Has Been Performing
Cenntro公司的表現如何
Recent times have been quite advantageous for Cenntro as its revenue has been rising very briskly. The P/S ratio is probably high because investors think this strong revenue growth will be enough to outperform the broader industry in the near future. However, if this isn't the case, investors might get caught out paying too much for the stock.
最近對Cenntro來說是相當有利的，因爲它的營業收入一直在快速增長。市銷率可能很高，因爲投資者認爲這種強勁的營收增長足以在近期內勝過整個行業板塊。然而，如果這並非如此，投資者可能會因爲買入了過高的價位而吃虧。如果你想全面了解該公司的收益、營收和現金流，請看我們的免費報告。
Want the full picture on earnings, revenue and cash flow for the company? Then our free report on Cenntro will help you shine a light on its historical performance.
想要全面了解公司的收益、營收和現金流嗎？那麼我們的Cenntro免費報告將幫助你了解其歷史表現。
Do Revenue Forecasts Match The High P/S Ratio?
營收預測是否符合高市銷率？
There's an inherent assumption that a company should outperform the industry for P/S ratios like Cenntro's to be considered reasonable.
是否存在一個本質上的假設，即公司應該勝過行業板塊，才能被認爲是合理的市銷率，如Cenntro的市銷率。
Taking a look back first, we see that the company grew revenue by an impressive 108% last year. The latest three year period has also seen an excellent 279% overall rise in revenue, aided by its short-term performance. Therefore, it's fair to say the revenue growth recently has been superb for the company.
回顧一下，我們看到公司去年的營收增長達到了驚人的108%。最近三年也看到了總營收的優異增長率達到了279%，得益於短期業績的表現。因此，可以說該公司的營收增長近期表現出色。這與行業其他公司形成了鮮明對比，預計行業其他公司的增長率將在未來一年保持13%，低於該公司的近期中期年增長率。因此，考慮到這一點，不難理解爲什麼Cenntro的市銷率相對於同行業公司來說高。股東們可能不願意賣出他們認爲將在未來繼續領先行業的東西。
This is in contrast to the rest of the industry, which is expected to grow by 13% over the next year, materially lower than the company's recent medium-term annualised growth rates.
這與其它行業相反，預計其在未來一年的增長率僅13%，明顯低於該公司的近期中期年複合增長率。
With this in consideration, it's not hard to understand why Cenntro's P/S is high relative to its industry peers. Presumably shareholders aren't keen to offload something they believe will continue to outmanoeuvre the wider industry.
考慮到這一點，不難理解爲什麼Cenntro的市銷率相對於行業同類公司而言較高。股東們可能不願意賣出他們認爲將在未來繼續領先行業的東西。
The Bottom Line On Cenntro's P/S
關於Cenntro的市銷率
Cenntro shares have taken a big step in a northerly direction, but its P/S is elevated as a result. 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.
Cenntro公司的股票已經大漲，但由此導致其市銷率居高不下。儘管市銷率不應成爲你是否購買股票的決定性因素，但它是公司營收預期的一個有力指標。
We've established that Cenntro maintains its high P/S on the strength of its recent three-year growth being higher than the wider industry forecast, as expected. At this stage investors feel the potential continued revenue growth in the future is great enough to warrant an inflated P/S. Unless the recent medium-term conditions change, they will continue to provide strong support to the share price.
我們已經確定Cenntro公司維持其高市銷率是由於其近三年的增長率高於行業預測，這是預料之中的。目前，投資者認爲未來的潛在營收增長足以支持其高市銷率。除非最近的中期條件發生變化，否則他們將繼續爲該公司股票提供有力支持。
Before you take the next step, you should know about the 5 warning signs for Cenntro (2 make us uncomfortable!) that we have uncovered.
在你繼續下一步之前，你應該知道Cenntro的5個警示信號（其中2個讓我們不安！）。
If strong companies turning a profit tickle your fancy, then you'll want to check out this free list of interesting companies that trade on a low P/E (but have proven they can grow earnings).
如果您喜歡盈利的強勁公司，那麼您將想要查看這個自由的有趣公司列表，這些公司的市銷率很低（但已經證明它們能夠增長收益）。
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這篇文章是Simply Wall St的一般性文章。我們根據歷史數據和分析師預測提供評論，只使用公正的方法論，我們的文章並不意味着提供任何金融建議。文章不構成買賣任何股票的建議，也不考慮您的目標或您的財務狀況。我們的目標是帶給您基本數據驅動的長期關注分析。請注意，我們的分析可能不考慮最新的價格敏感公司公告或定性材料。Simply Wall St沒有任何股票頭寸。
譯文內容由第三人軟體翻譯。