2020년 새해, 첫장에서 루멘텀은 4% 이상 상승하면서 출발하였다. 미중무역분쟁이 순조롭게 해결되기는 분위기가 이러한 상승 호재로 작용한듯하다. 이런 알짜 주식에 대해서 그동안 뉴스 또는 보고서가 별로 없다. 야후 파이낸스 기준으로 가장 최근 분석 기사는 3달전, 그것도 특정 분석 전문 사이트인 ZACK 또는 MOTLEY FOOL 정도만 관심을 가지고 있다. 어제 ZACK에서 루멘텀 관련 기사를 작성했다. 작년 하반기에 미중 무역분쟁이 한창 진행중일때는 부정적인 전망을 내놓았는데, 새해를 맞아서는 가장 성장이기대되는 주식이라는 평가를 하고있다.아래는 기사 내용을 발췌한 부분이다.
이익 성장성은 모든 투자자들이 관심을 가지는 요소로서 두자릿수 이익 성장률이 장기적인 성장 가능성에 대한 긍정적인 지표로 인식되는데 루멘텀은 과거 82.7%의 EPS 성장률을 기록하였고 올해도 15% 성장을 기대하고 있다.
현금흐름 성장성의 경우 루멘텀은 연간 53.5%이 현금흐름 성장률을 기록하였고, 이는 동종업계의 -2.4%의 현금흐름 성장률 수치를 상회한다.
Earnings Growth
Earnings growth is arguably the most important factor, as stocks exhibiting exceptionally surging profit levels tend to attract the attention of most investors. For growth investors, double-digit earnings growth is highly preferable, as it is often perceived as an indication of strong prospects (and stock price gains) for the company under consideration.
While the historical EPS growth rate for Lumentum is 82.7%, investors should actually focus on the projected growth. The company's EPS is expected to grow 15% this year, crushing the industry average, which calls for EPS growth of -15.2%.
Cash Flow Growth
While cash is the lifeblood of any business, higher-than-average cash flow growth is more important and beneficial for growth-oriented companies than for mature companies. That's because, growth in cash flow enables these companies to expand their businesses without depending on expensive outside funds.
Right now, year-over-year cash flow growth for Lumentum is 53.3%, which is higher than many of its peers. In fact, the rate compares to the industry average of -2.4%.
While investors should actually consider the current cash flow growth, it's worth taking a look at the historical rate too for putting the current reading into proper perspective. The company's annualized cash flow growth rate has been 53.1% over the past 3-5 years versus the industry average of 20.9%.
Promising Earnings Estimate Revisions
Beyond the metrics outlined above, investors should consider the trend in earnings estimate revisions. A positive trend is a plus here. Empirical research shows that there is a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
The current-year earnings estimates for Lumentum have been revising upward. The Zacks Consensus Estimate for the current year has surged 1% over the past month.
Bottom Line
While the overall earnings estimate revisions have made Lumentum a Zacks Rank #2 stock, it has earned itself a Growth Score of A based on a number of factors, including the ones discussed above.
You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
This combination indicates that Lumentum is a potential outperformer and a solid choice for growth investors.
출처 : https://finance.yahoo.com/news/looking-growth-stock-3-reasons-174505982.html