Is It Too Late To Consider Buying Ford Motor Company (NYSE:F)?
Is It Too Late To Consider Buying Ford Motor Company (NYSE:F)?
Today we're going to take a look at the well-established Ford Motor Company (NYSE:F). The company's stock received a lot of attention from a substantial price movement on the NYSE over the last few months, increasing to US$13.65 at one point, and dropping to the lows of US$11.56. Some share price movements can give investors a better opportunity to enter into the stock, and potentially buy at a lower price. A question to answer is whether Ford Motor's current trading price of US$11.94 reflective of the actual value of the large-cap? Or is it currently undervalued, providing us with the opportunity to buy? Let's take a look at Ford Motor's outlook and value based on the most recent financial data to see if there are any catalysts for a price change.
今天我們來看看老牌汽車公司福特汽車公司（NYSE：F）。該公司股票在過去幾個月內在紐約證券交易所收到了很多關注，一度上漲到美元13.65，跌至最低的美元11.56。某些股價波動可以給投資者一個更好的機會進入股票市場，並可能以較低的價格購買。問題是福特汽車公司當前的股價11.94美元是否反映了大市值股票的實際價值？還是目前被低估，爲我們提供了購買的機會？讓我們查看福特汽車最近的財務數據，了解它的前景和價值，看看是否有任何引發股價變化的催化劑。
What Is Ford Motor Worth?
福特汽車公司的真實價值是多少？
According to our price multiple model, which makes a comparison between the company's price-to-earnings ratio and the industry average, the stock price seems to be justfied. In this instance, we've used the price-to-earnings (PE) ratio given that there is not enough information to reliably forecast the stock's cash flows. We find that Ford Motor's ratio of 12.15x is trading slightly below its industry peers' ratio of 14.38x, which means if you buy Ford Motor today, you'd be paying a reasonable price for it. And if you believe Ford Motor should be trading in this range, then there isn't much room for the share price to grow beyond the levels of other industry peers over the long-term. So, is there another chance to buy low in the future? Given that Ford Motor's share is fairly volatile (i.e. its price movements are magnified relative to the rest of the market) this could mean the price can sink lower, giving us an opportunity to buy later on. This is based on its high beta, which is a good indicator for share price volatility.
根據我們的價格倍數模型，該模型將公司市盈率與行業平均值進行比較，股價似乎是合理的。在此情形下，我們採用了市盈率（PE）比率，因爲沒有足夠的信息可靠預測股票的現金流。我們發現福特汽車的比率爲12.15x，略低於其行業同行的比率14.38x，這意味着如果您今天購買福特汽車，您將以合理的價格購買到該股票。如果您認爲福特汽車應該在這個區間內交易，那麼股價長期以來沒有超過其他行業同行的水平。那麼，未來有沒有另一次低價購買的機會？考慮到福特汽車的股價相當波動（即其股價變動相對於市場的其餘部分是放大的），這可能意味着價格可以下跌，給我們以後購買的機會。這是基於它的高貝塔值，這是股票價格波動的良好指標。
Can we expect growth from Ford Motor?
我們是否可以期望福特汽車的增長？
Investors looking for growth in their portfolio may want to consider the prospects of a company before buying its shares. Although value investors would argue that it's the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price. Ford Motor's earnings over the next few years are expected to increase by 100%, indicating a highly optimistic future ahead. This should lead to more robust cash flows, feeding into a higher share value.
投資者在購買股票之前可能會考慮公司前景的增長。儘管價值投資者會辯稱最重要的是相對於價格的內在價值，但更具說服力的投資論點將是高增長潛力與便宜的價格。福特汽車的未來幾年收益預計將增長100％，這表明未來具有高度樂觀的前景。這應該會導致更強大的現金流，反過來又促進更高的股價。
What This Means For You
這對您意味着什麼？
Are you a shareholder? It seems like the market has already priced in F's positive outlook, with shares trading around industry price multiples. However, there are also other important factors which we haven't considered today, such as the financial strength of the company. Have these factors changed since the last time you looked at F? Will you have enough conviction to buy should the price fluctuate below the industry PE ratio?
您是股東嗎？市場似乎已經將F的積極前景計入股價，股票交易在行業價格倍數左右。不過，還有其他一些重要因素我們今天沒有考慮，比如公司的財務實力。這些因素自上次您查看F以來是否發生了變化？如果價格低於行業市盈率，您是否有足夠的信心購買？
Are you a potential investor? If you've been keeping an eye on F, now may not be the most optimal time to buy, given it is trading around industry price multiples. However, the optimistic forecast is encouraging for F, which means it's worth diving deeper into other factors such as the strength of its balance sheet, in order to take advantage of the next price drop.
您是潛在的投資者嗎？如果您一直在關注F，現在可能不是購買的最佳時機，因爲其股票交易在行業價格倍數左右。但是，市場對F的樂觀預測是令人鼓舞的，這意味着有必要更深入地了解其財務狀況，以便在下一次價格下跌時進行交易。
If you'd like to know more about Ford Motor as a business, it's important to be aware of any risks it's facing. For example, Ford Motor has 3 warning signs (and 1 which is a bit unpleasant) we think you should know about.
如果您想了解福特汽車作爲一個企業的更多信息，那麼了解它面臨的任何風險是很重要的。例如，福特汽車有3個警告標誌（和1個不太愉快的標誌），我們認爲您應該知道。
If you are no longer interested in Ford Motor, you can use our free platform to see our list of over 50 other stocks with a high growth potential.
如果您對福特汽車已經不感興趣了，您可以使用我們的免費平台查看我們的50多隻其他高增長潛力股票的列表。
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.
對本文有反饋？關於內容有所顧慮？直接和我們聯繫。或者，發送電子郵件至editorial-team (at) simplywallst.com。
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。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
對本文有反饋？關於內容有所顧慮？直接和我們聯繫。或者發送電子郵件至editorial-team@simplywallst.com。
譯文內容由第三人軟體翻譯。