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Utime limited8/12/2023 You’ll receive a US$30 Amazon Gift card for 1 hour of your time while helping us build better investing tools for the individual investors like yourself.NEW YORK, Ma(GLOBE NEWSWIRE) - UTime Limited (“UTime” or the “Company”) (Nasdaq: UTME), a mobile device manufacturing company committed to providing cost effective products and solutions to consumers globally and helping low-income individuals from established and emerging markets, have better access to updated mobile technology, today announced its financial results for the first six months of fiscal year 2023 ended September 30, 2022.įirst Six Months of Fiscal Year 2023 Financial and Operational HighlightsĪll financial figures are in US Dollars unless otherwise noted. Simply Wall St has no position in any stocks mentioned. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. We aim to bring you long-term focused analysis driven by fundamental data. 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 provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. This article by Simply Wall St is general in nature. Alternatively, email editorial-team (at). Have feedback on this article? Concerned about the content? Get in touch with us directly. If these risks are making you reconsider your opinion on UTime, explore our interactive list of high quality stocks to get an idea of what else is out there. Typically, we'd caution against reading too much into price-to-sales ratios when settling on investment decisions, though it can reveal plenty about what other market participants think about the company. Apparently some shareholders believe the recent performance has exceeded its limits and have been accepting significantly lower selling prices. With this information, we find it odd that UTime is trading at a P/S lower than the industry. So we can start by confirming that the company has done a great job of growing revenue over that time.Ĭomparing that recent medium-term revenue trajectory with the industry's one-year growth forecast of 6.2% shows it's noticeably more attractive. The strong recent performance means it was also able to grow revenue by 54% in total over the last three years. Retrospectively, the last year delivered an exceptional 79% gain to the company's top line. In order to justify its P/S ratio, UTime would need to produce sluggish growth that's trailing the industry. Do Revenue Forecasts Match The Low P/S Ratio? Want the full picture on earnings, revenue and cash flow for the company? Then our free report on UTime will help you shine a light on its historical performance. Those who are bullish on UTime will be hoping that this isn't the case, so that they can pick up the stock at a lower valuation. Perhaps the market is expecting future revenue performance to dwindle, which has kept the P/S suppressed. With revenue growth that's exceedingly strong of late, UTime has been doing very well. Ps-multiple-vs-industry What Does UTime's P/S Mean For Shareholders?
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