At US$82.33, Is Best Buy Co., Inc. (NYSE:BBY) Worth Looking At Closely?
At US$82.33, Is Best Buy Co., Inc. (NYSE:BBY) Worth Looking At Closely?
Today we're going to take a look at the well-established Best Buy Co., Inc. (NYSE:BBY). The company's stock saw a decent share price growth of 18% on the NYSE over the last few months. While good news for shareholders, the company has traded much higher in the past year. 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, could the stock still be trading at a relatively cheap price? Today we will analyse the most recent data on Best Buy's outlook and valuation to see if the opportunity still exists.
今天我們將研究成熟的Best Buy Co., Inc. (NYSE:BBY)。公司股票在紐交所上漲了18%。這對股東來說是好消息，但公司在過去一年中交易得更高。作爲一家高度受到分析師關注的大型股票，您可以假設公司前景的任何最新變化已經定價到股票中了。然而，這支股票是否仍然在相對便宜的價格上交易呢? 今天，我們將分析Best Buy最新前景和估值數據，看看是否仍有機會存在。
What Is Best Buy Worth?
Best Buy的價值是多少?
The share price seems sensible at the moment according to our price multiple model, where we compare the company's price-to-earnings ratio to the industry average. 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 Best Buy's ratio of 14.29x is trading slightly below its industry peers' ratio of 15.41x, which means if you buy Best Buy today, you'd be paying a decent price for it. And if you believe Best Buy 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. Although, there may be an opportunity to buy in the future. This is because Best Buy'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.
根據我們的市盈率模型，目前股價似乎合理。在此情況下，我們使用市盈率（PE）比率進行比較，因爲沒有足夠的信息可靠地預測股票的現金流。我們發現Best Buy的比率爲14.29倍，略低於同行業的15.41倍，這意味着如果您今天購買Best Buy股票，您將會爲此付出一個不錯的價位。如果您相信Best Buy應該在這個區間內交易，那麼股價就沒有超過行業同行水平的長期增長空間了。儘管如此，可能會有未來的購買機會。這是因爲Best Buy的β值（股價波動的一個度量）較高，這意味着公司的股價波動將相對於市場的其餘部分更加誇張。如果市場看淡，公司的股票價格將比市場其他部分下跌得更多，這將提供一個主板的購買機會。
What does the future of Best Buy look like?
Best Buy的未來看起來如何?
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. Best Buy's earnings over the next few years are expected to increase by 23%, indicating a highly optimistic future ahead. This should lead to more robust cash flows, feeding into a higher share value.
如果投資者正在尋求他們的投資組合中的增長，可能希望在購買股票之前考慮公司的前景。儘管價值投資者會認爲，相對於價格的內在價值才是最重要的，但更具說服力的投資論點將是以低廉的價格實現高增長潛力的公司。 Best Buy未來幾年的收益預計將增加23%，表明未來前景非常樂觀。這應該導致更強大的現金流，進而推動更高的股票價值。
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 BBY'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 BBY? Will you have enough confidence to invest in the company should the price drop below the industry PE ratio?
您是股東嗎? 看起來市場已經將BBY的積極前景定價，股票價格在行業價格倍數左右。然而，還有其他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BBY以來是否改變了呢? 如果股票價格跌破行業市盈率，您將有足夠的信心投資這家公司嗎?
Are you a potential investor? If you've been keeping tabs on BBY, 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 BBY, 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.
你準備入股嗎？如果你一直在注意BBY的走勢，現在可能不是最適合購買股份的時候，因爲公司的股票價格已經處於行業價格倍數左右。然而，積極的前景對BBY來說是鼓舞人心的，這意味着有必要進一步考慮其資產負債表的強度，以利用下次價格下跌的機會。
If you'd like to know more about Best Buy as a business, it's important to be aware of any risks it's facing. Every company has risks, and we've spotted 1 warning sign for Best Buy you should know about.
如果您不再對Best Buy感興趣，您可以使用我們的免費平台查看我們的其他50多隻具有高增長潛力的股票清單，但如果您想知道Best Buy作爲一家企業的更多信息，了解其面臨的風險是很重要的。每個公司都存在風險，我們已經發現Best Buy的1個警告信號，希望您能知道。
If you are no longer interested in Best Buy, 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Best Buy感興趣，您可以使用我們的免費平台查看我們的其他50多隻具有高增長潛力的股票清單。
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。