Why Power Integrations, Inc. (NASDAQ:POWI) Could Be Worth Watching
Why Power Integrations, Inc. (NASDAQ:POWI) Could Be Worth Watching
Power Integrations, Inc. (NASDAQ:POWI), might not be a large cap stock, but it saw a decent share price growth of 17% on the NASDAQGS over the last few months. Shareholders may appreciate the recent price jump, but the company still has a way to go before reaching its yearly highs again. With many analysts covering the mid-cap stock, we may expect any price-sensitive announcements have already been factored into the stock's share price. However, what if the stock is still a bargain? Today we will analyse the most recent data on Power Integrations's outlook and valuation to see if the opportunity still exists.
Power Integrations公司（納斯達克股票代碼：POWI）雖然不是一隻大盤股，但在納斯達克全球精選市場上，股價在過去幾個月中實現了17%的不俗漲幅。 股東可能會感激近期的價格上漲，但在再次達到全年高位之前，公司還有一段路要走。 鑑於有許多分析師對這家中盤股票進行了覆蓋，我們可以預計，任何關於價格的敏感性公告都已被計入股價。 不過，如果這支股票仍然很便宜，那該怎麼辦呢？ 今天我們將分析最近的 Power Integrations 的前景和估值數據，以查看機會是否仍然存在。
What's The Opportunity In Power Integrations?
Power Integrations 的投資機會是什麼？
Power Integrations is currently expensive based on our price multiple model, where we look at the company's price-to-earnings ratio in comparison to the industry average. We've used the price-to-earnings ratio in this instance because there's not enough visibility to forecast its cash flows. The stock's ratio of 79.02x is currently well-above the industry average of 30.2x, meaning that it is trading at a more expensive price relative to its peers. If you like the stock, you may want to keep an eye out for a potential price decline in the future. Since Power Integrations's share price is quite volatile, this could mean it can sink lower (or rise even further) in the future, giving us another chance to invest. This is based on its high beta, which is a good indicator for how much the stock moves relative to the rest of the market.
根據我們的價格多空模型，Power Integrations 目前定價偏貴，我們將公司的市盈率與行業平均水平進行比較。 在這種情況下，我們使用市盈率，因爲沒有足夠的可見度來預測現金流。該股的市盈率爲79.02倍，目前遠高於行業平均值（30.2倍），這意味着相對於同業而言，它的定價更昂貴。如果你喜歡這隻股票，你可能會想留意未來潛在的價格下跌。由於 Power Integrations 的股價相當波動，這意味着它未來可能會下跌（甚至進一步上漲），這爲我們提供了另一個投資機會。這是基於它的高貝塔值，這是判斷這個股票相對於市場其餘部分的波動幅度的良好標誌。
What kind of growth will Power Integrations generate?
Power Integrations 將產生何種增長？
Investors looking for growth in their portfolio may want to consider the prospects of a company before buying its shares. Buying a great company with a robust outlook at a cheap price is always a good investment, so let's also take a look at the company's future expectations. Though in the case of Power Integrations, it is expected to deliver a relatively unexciting earnings growth of 7.8%, which doesn't help build up its investment thesis. Growth doesn't appear to be a main reason for a buy decision for Power Integrations, at least in the near term.
投資者在購買股票之前，希望在其投資組合中尋找增長的股票。購買有着健康前景的公司的股票價格便宜，這始終是一個不錯的投資，因此，我們還將着眼於該公司的未來展望。儘管在 Power Integrations 的情況下，預計它的盈利增長相對較低（僅爲7.8%），這並不能幫助建立其投資論點。在短期內，增長似乎並不是購買 Power Integrations 的主要原因。
What This Means For You
這對您意味着什麼？
Are you a shareholder? It seems like the market has well and truly priced in POWI's outlook, with shares trading above industry price multiples. However, this brings up another question – is now the right time to sell? If you believe POWI should trade below its current price, selling high and buying it back up again when its price falls towards the industry PE ratio can be profitable. But before you make this decision, take a look at whether its fundamentals have changed.
你是股東嗎？市場似乎已經充分考慮了 POWI 的前景，股價已經超過了同行業的股價多項。然而，這又帶出了另一個問題，現在是否是賣出的合適時機？如果你認爲 POWI 應該在目前的價格下交易，那麼高價拋售，當其價格降至行業市盈率比率時再進行回購，將會是有利可圖的。但在做出這個決定之前，需要檢查其基本面是否有所改變。
Are you a potential investor? If you've been keeping tabs on POWI for some time, now may not be the best time to enter into the stock. The price has surpassed its industry peers, which means it is likely that there is no more upside from mispricing. However, the positive growth outlook may mean it's worth diving deeper into other factors in order to take advantage of the next price drop.
你是一個潛在的投資者嗎？如果你一直關注着 POWI，那麼現在可能不是進入該股票的最佳時機了。該股的價格已經超過了同行業，這意味着可能沒有更多的錯價機會。然而，良好的增長前景可能意味着值得深入研究其他因素，以利用未來的價格下跌機會。
If you'd like to know more about Power Integrations as a business, it's important to be aware of any risks it's facing. Case in point: We've spotted 2 warning signs for Power Integrations you should be aware of.
如果你想了解 Power Integrations 作爲一家企業的更多信息，那麼了解它面臨的任何風險就非常重要。譬如：我們已經注意到 Power Integrations 存在的 2 個風險信號，你應該注意。
If you are no longer interested in Power Integrations, you can use our free platform to see our list of over 50 other stocks with a high growth potential.
如果你不再對 Power Integrations 感興趣，你可以使用我們的免費平台查看我們的高增長潛力股票列表中的其他超過 50 只股票。
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。