Is It Too Late To Consider Buying Ralph Lauren Corporation (NYSE:RL)?
Is It Too Late To Consider Buying Ralph Lauren Corporation (NYSE:RL)?
Ralph Lauren Corporation (NYSE:RL) saw a double-digit share price rise of over 10% in the past couple of months on the NYSE. The company is inching closer to its yearly highs following the recent share price climb. As a large-cap stock with high coverage by analysts, you could assume any recent changes in the company's outlook is already priced into the stock. However, what if the stock is still a bargain? Let's take a look at Ralph Lauren's outlook and value based on the most recent financial data to see if the opportunity still exists.
紐約證券交易所（NYSE：RL）近幾個月以來的股價上漲超過10％。該公司正逐漸接近今年的高點，自最近股價上漲以來。作爲一家市值大型公司，該公司受到分析師的高度關注，您可以認爲公司前景的任何最新變化已經體現在股票價格中。但是，如果股票仍然是一份便宜貨怎麼辦？ 讓我們看看拉爾夫·勞倫的前景和價值，以最新的財務數據爲基礎，看看機會是否仍然存在。
What's The Opportunity In Ralph Lauren?
拉夫勞倫的機會是什麼？
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 Ralph Lauren's ratio of 17.43x is trading slightly below its industry peers' ratio of 18.49x, which means if you buy Ralph Lauren today, you'd be paying a reasonable price for it. And if you believe that Ralph Lauren should be trading at this level in the long run, then there's not much of an upside to gain over and above other industry peers. Although, there may be an opportunity to buy in the future. This is because Ralph Lauren's beta (a measure of share price volatility) is high, meaning its price movements will be exaggerated relative to the rest of the market. If the market is bearish, the company's shares will likely fall by more than the rest of the market, providing a prime buying opportunity.
根據我們的價格多重模型，比較了公司的市盈率與行業平均水平，股票價格似乎是合理的。在這種情況下，我們使用市盈率（PE）比率，因爲沒有足夠的信息可靠地預測股票的現金流。我們發現拉爾夫勞倫的17.43x比率略低於其行業同行的18.49x比率，這意味着如果您今天購買拉爾夫勞倫，您將以合理的價格購買它。如果您認爲拉爾夫勞倫在長期內應該以這個水平交易，那麼除了其他行業同行外，您就沒有太多的上漲空間了。儘管如此，將來可能有購買的機會。這是因爲拉爾夫·勞倫的beta（股價波動的衡量指標）較高，這意味着其股價走勢將相對於市場餘下部分的變化更爲誇張。如果市場看淡，該公司的股票可能會比市場餘下部分的下跌幅度更大，從而提供了一次巨大的購買機會。
Can we expect growth from Ralph Lauren?
我們可以期待拉爾夫勞倫的增長嗎？
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. With profit expected to grow by 31% over the next couple of years, the future seems bright for Ralph Lauren. It looks like higher cash flow is on the cards for the stock, which should feed into a higher share valuation.
投資者在購買股票之前可能希望考慮一家公司的前景。以便宜的價格購買具有強勁前景的公司總是一個不錯的投資，因此讓我們也看看公司的未來預期。預計未來兩年利潤將增長31％，對拉夫勞倫來說，未來似乎充滿希望。它看起來像是股票的現金流將會更高，這應該會反映在更高的股票估值中。
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 RL'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 RL? Will you have enough confidence to invest in the company should the price drop below the industry PE ratio?
您是股東嗎？市場似乎已經計入了RL的積極前景，股票在交易時約爲行業價值倍數。然而，還有其他重要因素今天我們沒有考慮，例如公司的財務實力。自您上次查看RL以來，這些因素是否發生了變化？如果股票價格低於行業市盈率，您是否有足夠的信心投資公司？
Are you a potential investor? If you've been keeping tabs on RL, now may not be the most optimal time to buy, given it is trading around industry price multiples. However, the positive outlook is encouraging for RL, which means it's worth further examining 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RL，則現在可能不是最理想的購買時機，因爲股票價格在行業內多次交易。然而，RL的積極前景是令人鼓舞的，這意味着值得進一步研究其資產負債表的強度，以便利用下一次價格下跌。具有這一考慮背景的情況下，我們不會考慮投資股票，除非我們充分理解風險。您會有興趣知道，我們爲拉夫勞倫發現了2個警示信號，您需要了解它們。
With this in mind, we wouldn't consider investing in a stock unless we had a thorough understanding of the risks. You'd be interested to know, that we found 2 warning signs for Ralph Lauren and you'll want to know about them.
考慮到這一點，我們不會考慮投資股票，除非我們對風險有充分的了解。您會有興趣知道，我們爲拉夫勞倫發現了2個警示信號，您需要了解它們。
If you are no longer interested in Ralph Lauren, you can use our free platform to see our list of over 50 other stocks with a high growth potential.
如果您不再對Ralph Lauren感興趣，則可以使用我們的免費平台查看我們的超過50種其他具有高增長潛力的股票列表。
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。