So far, Dalian Shengya’s latest pricetoearnings ratio has exceeded 245, and Changbai Mountain’s latest pricetoearnings ratio has reached 109, while the average pricetoearnings ratio of the tourism and scenic spot industry is only 44.24.
Obviously, the valuations of these two companies are already far above the industry average.
In contrast to the extremely high pricetoearnings ratio, Changbaishan and Dalian Shengya have limited business. At present, the business of both companies is limited to the Northeast region, and the business content is relatively single. It is difficult to have new growth points, and the performance ceiling is also quite obvious.
Once the market returns to rationality, or earnings fall short of philippines phone number list expectations, stock prices can easily plummet.
That is why, despite the strong growth of Changbaishan and Dalian Shengya in the past two years, it is hard not to notice that the company's stock price rises sharply during the ice and snow season, and then falls sharply after the ice and snow season ends.
Starting from the end of 2022, Changbaishan’s stock price rose by nearly 200% in one month, but lost most of the gains within half a month, and only rose by 60% compared to before the market started; Dalian Shengya’s stock price also rose by nearly 100% during this period, and its stock price fell sharply after the market ended, and finally fell by nearly 30%. The stock price fluctuations were relatively violent.