Is It Too Late To Consider Buying PTC Inc. (NASDAQ:PTC)?
Is It Too Late To Consider Buying PTC Inc. (NASDAQ:PTC)?
Today we're going to take a look at the well-established PTC Inc. (NASDAQ:PTC). The company's stock received a lot of attention from a substantial price movement on the NASDAQGS over the last few months, increasing to US$190 at one point, and dropping to the lows of US$171. 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 PTC's current trading price of US$186 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 PTC's outlook and value based on the most recent financial data to see if there are any catalysts for a price change.
今天我們將來看看成熟的PTC公司（納斯達克股票代碼：PTC）。該公司的股票在過去幾個月中因納斯達克證券交易所的大幅價格波動而受到廣泛關注，一度上漲至190美元，跌至171美元的低點。一些股價走勢可以爲投資者提供更好的入股機會，並有可能以較低的價格買入。需要回答的問題是，PTC目前的186美元交易價格是否反映了大盤股的實際價值？還是它目前的估值被低估了，爲我們提供了買入的機會？讓我們根據最新的財務數據來看一下PTC的前景和價值，看看是否有任何價格變動的催化劑。
Is PTC Still Cheap?
PTC 還便宜嗎？
PTC appears to be expensive according to our price multiple model, which makes a comparison between the company's price-to-earnings ratio and 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 77.57x is currently well-above the industry average of 40.88x, meaning that it is trading at a more expensive price relative to its peers. But, is there another opportunity to buy low in the future? Since PTC'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.
根據我們的多價模型，PTC似乎很昂貴，該模型將公司的市盈率與行業平均水平進行了比較。我們在這個例子中使用市盈率是因爲沒有足夠的可見性來預測其現金流。該股的比率爲77.57倍，目前遠高於行業平均水平的40.88倍，這意味着與同行相比，其交易價格更昂貴。但是，未來還有其他低價買入的機會嗎？由於PTC的股價波動很大，這可能意味着它將來可能會下跌（或進一步上漲），從而爲我們提供另一次投資機會。這是基於其較高的貝塔值，這是一個很好的指標，可以很好地衡量股票相對於其他市場的波動幅度。
What kind of growth will PTC generate?
PTC 將帶來什麼樣的增長？
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. PTC's earnings over the next few years are expected to double, indicating a very optimistic future ahead. This should lead to stronger cash flows, feeding into a higher share value.
尋求投資組合增長的投資者可能需要在購買公司股票之前考慮公司的前景。儘管價值投資者會爭辯說，最重要的是相對於價格的內在價值，但更有說服力的投資論點是以低廉的價格獲得高增長潛力。PTC未來幾年的收益預計將翻一番，這表明未來非常樂觀。這應該會導致更強勁的現金流，從而提高股票價值。
What This Means For You
這對你意味着什麼
Are you a shareholder? It seems like the market has well and truly priced in PTC's positive outlook, with shares trading above industry price multiples. At this current price, shareholders may be asking a different question – should I sell? If you believe PTC 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？在PTC的樂觀前景下，市場的定價似乎確實不錯，股票的交易價格高於行業價格倍數。按照目前的價格，股東們可能會問另一個問題——我應該賣出嗎？如果您認爲PTC的交易價格應低於其當前價格，那麼高價賣出並在其價格跌至行業市盈率時再次回購可能會有利可圖。但是在做出這個決定之前，先看看它的基本面是否發生了變化。
Are you a potential investor? If you've been keeping tabs on PTC 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 outlook is encouraging for PTC, which means it's worth diving deeper into other factors in order to take advantage of the next price drop.
你是潛在的投資者嗎？如果您關注PTC已有一段時間了，那麼現在可能不是入股的最佳時機。該價格已經超過了業內同行，這意味着錯誤定價可能沒有更多的上行空間。但是，PTC的樂觀前景令人鼓舞，這意味着值得深入研究其他因素，以利用下一次價格下跌的機會。
If you want to dive deeper into PTC, you'd also look into what risks it is currently facing. While conducting our analysis, we found that PTC has 2 warning signs and it would be unwise to ignore these.
如果你想更深入地研究 PTC，你還需要研究它目前面臨的風險。在進行分析時，我們發現 PTC 有 2 個警告信號，忽略這些信號是不明智的。
If you are no longer interested in PTC, 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PTC感興趣，可以使用我們的免費平台查看我們列出的其他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.
對這篇文章有反饋嗎？對內容感到擔憂？直接聯繫我們。 或者，給編輯團隊 (at) simplywallst.com 發送電子郵件。
Simply Wall St的這篇文章本質上是籠統的。我們僅使用公正的方法根據歷史數據和分析師的預測提供評論，我們的文章無意作爲財務建議。它不構成買入或賣出任何股票的建議，也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本數據驅動的長期重點分析。請注意，我們的分析可能不考慮最新的價格敏感型公司公告或定性材料。簡而言之，華爾街沒有持有任何上述股票的頭寸。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
對這篇文章有反饋嗎？對內容感到擔憂？直接聯繫我們。 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。