Samko Timber Limited (SGX:E6R) Shares Fly 100% But Investors Aren't Buying For Growth
Samko Timber Limited (SGX:E6R) Shares Fly 100% But Investors Aren't Buying For Growth
Samko Timber Limited (SGX:E6R) shareholders have had their patience rewarded with a 100% share price jump in the last month. But the last month did very little to improve the 75% share price decline over the last year.
上個月，Samko Timber Limited（新加坡證券交易所股票代碼：E6R）股東的耐心得到了回報，股價上漲了100％。但是上個月對改善去年75％的股價跌幅幾乎沒有起到任何作用。
Although its price has surged higher, when close to half the companies operating in Singapore's Forestry industry have price-to-sales ratios (or "P/S") above 0.9x, you may still consider Samko Timber as an enticing stock to check out with its 0.2x 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 limited.
儘管其價格飆升，但當近一半在新加坡林業經營的公司的市銷率（或 “市銷率”）高於0.9倍時，您仍然可以將Samko Timber視爲具有0.2倍市銷率的誘人股票。但是，僅按面值計算市銷率是不明智的，因爲可以解釋其有限的原因。
SGX:E6R Price to Sales Ratio vs Industry June 13th 2024
新加坡證券交易所：E6R 與行業的股價銷售比率 2024 年 6 月 13 日
What Does Samko Timber's Recent Performance Look Like?
Samko Timber 最近的表現是什麼樣子？
For instance, Samko Timber's receding revenue in recent times would have to be some food for thought. Perhaps the market believes the recent revenue performance isn't good enough to keep up the industry, causing the P/S ratio to suffer. 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 out of favour.
例如，Samko Timber最近收入的下降值得深思。也許市場認爲最近的收入表現不足以維持該行業的步伐，從而導致市銷率受到影響。如果你喜歡這家公司，你希望情況並非如此，這樣你就有可能在它失寵的時候買入一些股票。
Although there are no analyst estimates available for Samko Timber, take a look at this free data-rich visualisation to see how the company stacks up on earnings, revenue and cash flow.
儘管尚無分析師對Samko Timber的估計，但請看一下這個數據豐富的免費可視化工具，看看該公司在收益、收入和現金流方面的積累情況。
How Is Samko Timber's Revenue Growth Trending?
Samko Timber 的收入增長趨勢如何？
In order to justify its P/S ratio, Samko Timber would need to produce sluggish growth that's trailing the industry.
爲了證明其市銷率是合理的，Samko Timber需要實現落後於該行業的緩慢增長。
In reviewing the last year of financials, we were disheartened to see the company's revenues fell to the tune of 38%. The last three years don't look nice either as the company has shrunk revenue by 29% in aggregate. Therefore, it's fair to say the revenue growth recently has been undesirable for the company.
在回顧去年的財務狀況時，我們沮喪地看到該公司的收入下降至38％左右。過去三年看起來也不太好，因爲該公司的總收入減少了29％。因此，可以公平地說，最近的收入增長對公司來說是不可取的。
Comparing that to the industry, which is predicted to deliver 13% growth in the next 12 months, the company's downward momentum based on recent medium-term revenue results is a sobering picture.
與該行業相比，該行業預計將在未來12個月內實現13％的增長，根據最近的中期收入業績，該公司的下行勢頭令人發人深省。
In light of this, it's understandable that Samko Timber's P/S would sit below the majority of other companies. However, we think shrinking revenues are unlikely to lead to a stable P/S over the longer term, which could set up shareholders for future disappointment. There's potential for the P/S to fall to even lower levels if the company doesn't improve its top-line growth.
有鑑於此，可以理解Samko Timber的市銷率將低於其他多數公司。但是，我們認爲，從長遠來看，收入萎縮不太可能導致市銷率穩定，這可能會使股東爲未來的失望做好準備。如果公司不改善營收增長，市銷率有可能降至更低的水平。
The Bottom Line On Samko Timber's P/S
Samko Timber 市銷率的底線
Samko Timber's stock price has surged recently, but its but its P/S still remains modest. Typically, we'd caution against reading too much into price-to-sales ratios when settling on investment decisions, though it can reveal plenty about what other market participants think about the company.
Samko Timber的股價最近飆升，但其市銷率仍然不高。通常，在做出投資決策時，我們謹慎行事，不要過多地考慮市售比率，儘管這可以揭示其他市場參與者對公司的看法。
It's no surprise that Samko Timber maintains its low P/S off the back of its sliding revenue over the medium-term. At this stage investors feel the potential for an improvement in revenue isn't great enough to justify a higher P/S ratio. Unless the recent medium-term conditions improve, they will continue to form a barrier for the share price around these levels.
由於中期收入下滑，Samko Timber維持低市銷率也就不足爲奇了。在現階段，投資者認爲，收入改善的可能性不足以證明更高的市銷率是合理的。除非最近的中期狀況有所改善，否則它們將繼續構成股價在這些水平附近的障礙。
We don't want to rain on the parade too much, but we did also find 4 warning signs for Samko Timber (3 are a bit concerning!) that you need to be mindful of.
我們不想在遊行隊伍中下太多雨，但我們還發現了 Samko Timber 的 4 個警告標誌（3 個有點令人擔憂！）你需要注意的。
It's important to make sure you look for a great company, not just the first idea you come across. So if growing profitability aligns with your idea of a great company, take a peek at this free list of interesting companies with strong recent earnings growth (and a low P/E).
重要的是要確保你尋找一家優秀的公司，而不僅僅是你遇到的第一個想法。因此，如果盈利能力的增長與你對一家優秀公司的想法一致，那就來看看這份免費名單吧，列出了最近收益增長強勁（市盈率低）的有趣公司。
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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。