With A 27% Price Drop For MP Materials Corp. (NYSE:MP) You'll Still Get What You Pay For
With A 27% Price Drop For MP Materials Corp. (NYSE:MP) You'll Still Get What You Pay For
MP Materials Corp. (NYSE:MP) shareholders won't be pleased to see that the share price has had a very rough month, dropping 27% and undoing the prior period's positive performance. The drop over the last 30 days has capped off a tough year for shareholders, with the share price down 40% in that time.
MP Materials股東們可不會高興見到股價跌了27%，導致上一階段的積極表現被扼殺。過去30天的下跌爲股東們帶來了一個艱難的年頭，股價在此期間下跌了40%。
Although its price has dipped substantially, given around half the companies in the United States' Metals and Mining industry have price-to-sales ratios (or "P/S") below 1.3x, you may still consider MP Materials as a stock to avoid entirely with its 10.7x P/S ratio. However, the P/S might be quite high for a reason and it requires further investigation to determine if it's justified.
儘管其價格大幅下跌，但鑑於美國金屬和採礦行業中約一半的公司的市銷率（或"P/S"）低於1.3倍，您可能仍然認爲不應考慮MP Materials，因爲其市銷率達到了10.7倍。然而，市銷率可能出奇高，需要進一步調查以確定是否有正當理由。
NYSE:MP Price to Sales Ratio vs Industry June 19th 2024
紐交所：MP市銷率與行業板塊比較，2024年6月19日
How MP Materials Has Been Performing
MP Materials公司的表現如何？
While the industry has experienced revenue growth lately, MP Materials' revenue has gone into reverse gear, which is not great. Perhaps the market is expecting the poor revenue to reverse, justifying it's current high P/S.. You'd really hope so, otherwise you're paying a pretty hefty price for no particular reason.
儘管該行業最近經歷了收入增長，但MP Materials的收入卻出現了逆轉，這並不好。也許市場正在期待不良收入逆轉，從而證明其當前高市銷率是合理的。您希望真的如此，否則您將爲無特定原因而支付相當高的價格。
Keen to find out how analysts think MP Materials' future stacks up against the industry? In that case, our free report is a great place to start.
想知道分析師們如何看待MP Materials的未來？如果是這樣的話，我們的免費報告是一個很好的開始。
Do Revenue Forecasts Match The High P/S Ratio?
營收預測是否符合高市銷率？
In order to justify its P/S ratio, MP Materials would need to produce outstanding growth that's well in excess of the industry.
爲了證明其市銷率，MP Materials需要產生卓越的增長，遠高於行業。
In reviewing the last year of financials, we were disheartened to see the company's revenues fell to the tune of 55%. Regardless, revenue has managed to lift by a handy 19% in aggregate from three years ago, thanks to the earlier period of growth. So we can start by confirming that the company has generally done a good job of growing revenue over that time, even though it had some hiccups along the way.
回顧過去一年的財務數據，我們很失望地看到公司的收入下降了55%。不過，由於早期的增長，收入總體上從三年前開始已經實現了便利的19%的增長。因此，我們可以開始確認公司在那段時間內通常做了一個增長收入的好工作，即使它在路上遇到了一些波折。
Turning to the outlook, the next three years should generate growth of 58% per annum as estimated by the ten analysts watching the company. That's shaping up to be materially higher than the 34% per year growth forecast for the broader industry.
關於前景，未來三年，由十名監測該公司的分析師預測年均增長率將達到58%。這對於整個行業每年增長預測的34%來說，具有重要的意義。鑑於此，MP Materials的市銷率高於其他公司是可以理解的。看起來大多數投資者都期望這種強勁的未來增長，並願意爲這隻股票付更高的價格。
In light of this, it's understandable that MP Materials' P/S sits above the majority of other companies. It seems most investors are expecting this strong future growth and are willing to pay more for the stock.
考慮到這一點，MP Materials的市銷率明顯高於其他大多數公司是可以理解的。似乎大多數投資者都期望強勁增長，並願意爲此支付更高的價格。
What We Can Learn From MP Materials' P/S?
我們從MP Materials的市銷率中能學到什麼？
Even after such a strong price drop, MP Materials' P/S still exceeds the industry median significantly. Using the price-to-sales ratio alone to determine if you should sell your stock isn't sensible, however it can be a practical guide to the company's future prospects.
即使經歷瞭如此強烈的價格下跌，MP Materials的市銷率仍然明顯超過行業中位數。僅僅使用市銷率來確定是否應該賣出股票並不明智，但是它可以成爲公司未來前景的實用指南。
Our look into MP Materials shows that its P/S ratio remains high on the merit of its strong future revenues. At this stage investors feel the potential for a deterioration in revenues is quite remote, justifying the elevated P/S ratio. Unless the analysts have really missed the mark, these strong revenue forecasts should keep the share price buoyant.
我們對MP Materials進行的調查顯示，其市銷率仍然強勁，其未來收入的潛力也足以支持這一高估。在這個階段，投資者覺得收入下降的可能性相當小，這可以證明其高市銷率是合理的。除非分析師們非常失誤，否則這些強勁的收入預測應該會使股價仍然保持上漲趨勢。
We don't want to rain on the parade too much, but we did also find 3 warning signs for MP Materials (1 is potentially serious!) that you need to be mindful of.
我們不想太多潑冷水，但我們確實還發現了3個針對MP Materials的警告信號（1個可能非常嚴重！），您需要注意。
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。
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