<p><strong>米兰站控股有限公司</strong>（HKG:1150）的股价在过去 30 天内大幅下跌了 26%，回吐了近期的许多涨幅。好消息是，在过去一年中，该股表现如同璀璨的钻石，涨幅达 120%。</p>
<p>尽管其股价大幅下跌，但在香港的专业零售行业中，几乎一半的公司市销率（或称&#34;P/S&#34;）低于 0.5 倍，您仍然可以考虑米兰站控股作为一只不值得研究的股票，其市销率为 2.7 倍。尽管如此，我们需要更深入地挖掘，以确定这种高市销率是否有合理的基础。</p>
<p>我们发现 21 只美国股票预计明年将支付超过 6% 的股息收益率。查看完整列表，免费获取。</p>
<p>查看我们对米兰站控股的最新分析</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/131461060-ps-multiple-vs-industry-1-dark-2/1759709238682?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/131461060-ps-multiple-vs-industry-1-dark-2/1759709238682"/></p>
<p>SEHK:1150 市销率与行业比较 2025 年 10 月 6 日</p>
<h3>米兰站控股的表现如何</h3>
<p>例如，米兰站控股近期收入的下降值得深思。许多人可能仍然期望该公司在未来一段时间内超越大多数其他公司，这使得市销率没有崩溃。如果不是这样，那么现有股东可能会对股价的可持续性感到相当紧张。</p>
<p>想要了解公司在收益、收入和现金流方面的全面情况吗？那么我们对米兰站控股的 <strong>免费</strong> 报告将帮助您揭示其历史表现。</p>
<h2>米兰站控股的收入增长趋势如何？</h2>
<p>您唯一会真正感到舒适的情况是，当米兰站控股的市销率如此高时，公司的增长轨迹明显超越行业。</p>
<p>回顾过去一年，公司收入下降了 27%，令人沮丧。过去三年也不太好，公司总收入缩水了 61%。因此，股东们对中期收入增长率感到失望。</p>
<p>与公司相比，行业其他部分预计明年将增长 41%，这确实让公司的近期中期收入下降显得更加突出。</p>
<p>根据这些信息，我们发现米兰站控股的市销率高于行业水平，这令人担忧。似乎大多数投资者忽视了近期糟糕的增长率，并希望公司业务前景能够好转。只有最勇敢的人才会认为这些价格是可持续的，因为近期收入趋势的持续可能会对股价产生重大压力。</p>
<h2>我们可以从米兰站控股的市销率中学到什么？</h2>
<p>股价的大幅下跌对米兰站控股的高市销率几乎没有影响。仅仅使用市销率来判断您是否应该卖出股票并不明智，但它可以作为公司未来前景的实用指南。</p>
<p>我们已经确定米兰站控股目前的市销率远高于预期，因为其近期收入在中期内一直在下降。当我们看到收入下滑并且表现不及行业预期时，我们认为股价下跌的可能性非常真实，这将使市销率回归合理范围。除非近期中期的情况有所改善，否则预计公司股东将面临困难时期并不为过。</p>
<p>在您采取下一步之前，您应该了解我们发现的 <strong>米兰站控股的 3 个警示信号</strong>（其中 2 个不应被忽视！）。</p>
<p>如果您对米兰站控股的业务实力 <strong>不确定</strong>，为什么不探索我们互动的股票列表，寻找一些您可能错过的基本面良好的其他公司呢？</p>

米兰站

<p>米兰站控股有限公司 (HKG:1150) 的股价在过去一个月下跌了 26%，尽管过去一年上涨了 120%。该公司的市销率 (P/S) 为 2.7 倍，远高于行业平均水平 0.5 倍，这引发了人们的担忧，因为过去一年收入下降了 27%，三年内下降了 61%。投资者似乎对潜在的反弹持乐观态度，但与行业预期的 41% 增长相比，该公司的增长乏力给股东带来了风险</p>

<p>The <strong>Milan Station Holdings Limited</strong> (HKG:1150) share price has softened a substantial 26% over the previous 30 days, handing back much of the gains the stock has made lately. The good news is that in the last year, the stock has shone bright like a diamond, gaining 120%.</p>
<div class="lb-trans"><p><strong>米兰站控股有限公司</strong>（HKG:1150）的股价在过去 30 天内大幅下跌了 26%，回吐了近期的许多涨幅。好消息是，在过去一年中，该股表现如同璀璨的钻石，涨幅达 120%。</p>
</div><p>Although its price has dipped substantially, when almost half of the companies in Hong Kong's Specialty Retail industry have price-to-sales ratios (or &#34;P/S&#34;) below 0.5x, you may still consider Milan Station Holdings as a stock not worth researching with its 2.7x P/S ratio. Nonetheless, we'd need to dig a little deeper to determine if there is a rational basis for the highly elevated P/S.</p>
<div class="lb-trans"><p>尽管其股价大幅下跌，但在香港的专业零售行业中，几乎一半的公司市销率（或称&#34;P/S&#34;）低于 0.5 倍，您仍然可以考虑米兰站控股作为一只不值得研究的股票，其市销率为 2.7 倍。尽管如此，我们需要更深入地挖掘，以确定这种高市销率是否有合理的基础。</p>
</div><p>We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free.</p>
<div class="lb-trans"><p>我们发现 21 只美国股票预计明年将支付超过 6% 的股息收益率。查看完整列表，免费获取。</p>
</div><p>See our latest analysis for Milan Station Holdings</p>
<div class="lb-trans"><p>查看我们对米兰站控股的最新分析</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/131461060-ps-multiple-vs-industry-1-dark-2/1759709238682" alt="" original-src="https://images.simplywall.st/asset/chart/131461060-ps-multiple-vs-industry-1-dark-2/1759709238682"/></p>
<p>SEHK:1150 Price to Sales Ratio vs Industry October 6th 2025</p>
<div class="lb-trans"><p>SEHK:1150 市销率与行业比较 2025 年 10 月 6 日</p>
</div><h3>How Milan Station Holdings Has Been Performing</h3>
<div class="lb-trans"><h3>米兰站控股的表现如何</h3>
</div><p>For instance, Milan Station Holdings' receding revenue in recent times would have to be some food for thought. It might be that many expect the company to still outplay most other companies over the coming period, which has kept the P/S from collapsing. If not, then existing shareholders may be quite nervous about the viability of the share price.</p>
<div class="lb-trans"><p>例如，米兰站控股近期收入的下降值得深思。许多人可能仍然期望该公司在未来一段时间内超越大多数其他公司，这使得市销率没有崩溃。如果不是这样，那么现有股东可能会对股价的可持续性感到相当紧张。</p>
</div><p>Want the full picture on earnings, revenue and cash flow for the company? Then our <strong>free</strong> report on Milan Station Holdings will help you shine a light on its historical performance.</p>
<div class="lb-trans"><p>想要了解公司在收益、收入和现金流方面的全面情况吗？那么我们对米兰站控股的 <strong>免费</strong> 报告将帮助您揭示其历史表现。</p>
</div><h2>How Is Milan Station Holdings' Revenue Growth Trending?</h2>
<div class="lb-trans"><h2>米兰站控股的收入增长趋势如何？</h2>
</div><p>The only time you'd be truly comfortable seeing a P/S as steep as Milan Station Holdings' is when the company's growth is on track to outshine the industry decidedly.</p>
<div class="lb-trans"><p>您唯一会真正感到舒适的情况是，当米兰站控股的市销率如此高时，公司的增长轨迹明显超越行业。</p>
</div><p>Retrospectively, the last year delivered a frustrating 27% decrease to the company's top line. The last three years don't look nice either as the company has shrunk revenue by 61% in aggregate. Accordingly, shareholders would have felt downbeat about the medium-term rates of revenue growth.</p>
<div class="lb-trans"><p>回顾过去一年，公司收入下降了 27%，令人沮丧。过去三年也不太好，公司总收入缩水了 61%。因此，股东们对中期收入增长率感到失望。</p>
</div><p>In contrast to the company, the rest of the industry is expected to grow by 41% over the next year, which really puts the company's recent medium-term revenue decline into perspective.</p>
<div class="lb-trans"><p>与公司相比，行业其他部分预计明年将增长 41%，这确实让公司的近期中期收入下降显得更加突出。</p>
</div><p>With this information, we find it concerning that Milan Station Holdings is trading at a P/S higher than the industry. It seems most investors are ignoring the recent poor growth rate and are hoping for a turnaround in the company's business prospects. Only the boldest would assume these prices are sustainable as a continuation of recent revenue trends is likely to weigh heavily on the share price eventually.</p>
<div class="lb-trans"><p>根据这些信息，我们发现米兰站控股的市销率高于行业水平，这令人担忧。似乎大多数投资者忽视了近期糟糕的增长率，并希望公司业务前景能够好转。只有最勇敢的人才会认为这些价格是可持续的，因为近期收入趋势的持续可能会对股价产生重大压力。</p>
</div><h2>What We Can Learn From Milan Station Holdings' P/S?</h2>
<div class="lb-trans"><h2>我们可以从米兰站控股的市销率中学到什么？</h2>
</div><p>A significant share price dive has done very little to deflate Milan Station Holdings' very lofty P/S. Using the price-to-sales ratio alone to determine if you should sell your stock isn't sensible, however it can be a practical guide to the company's future prospects.</p>
<div class="lb-trans"><p>股价的大幅下跌对米兰站控股的高市销率几乎没有影响。仅仅使用市销率来判断您是否应该卖出股票并不明智，但它可以作为公司未来前景的实用指南。</p>
</div><p>We've established that Milan Station Holdings currently trades on a much higher than expected P/S since its recent revenues have been in decline over the medium-term. When we see revenue heading backwards and underperforming the industry forecasts, we feel the possibility of the share price declining is very real, bringing the P/S back into the realm of reasonability. Unless the the circumstances surrounding the recent medium-term improve, it wouldn't be wrong to expect a a difficult period ahead for the company's shareholders.</p>
<div class="lb-trans"><p>我们已经确定米兰站控股目前的市销率远高于预期，因为其近期收入在中期内一直在下降。当我们看到收入下滑并且表现不及行业预期时，我们认为股价下跌的可能性非常真实，这将使市销率回归合理范围。除非近期中期的情况有所改善，否则预计公司股东将面临困难时期并不为过。</p>
</div><p>Before you take the next step, you should know about the <strong>3 warning signs for Milan Station Holdings</strong> (2 shouldn't be ignored!) that we have uncovered.</p>
<div class="lb-trans"><p>在您采取下一步之前，您应该了解我们发现的 <strong>米兰站控股的 3 个警示信号</strong>（其中 2 个不应被忽视！）。</p>
</div><p>If you're <strong>unsure about the strength of Milan Station Holdings' business</strong>, why not explore our interactive list of stocks with solid business fundamentals for some other companies you may have missed.</p>
<div class="lb-trans"><p>如果您对米兰站控股的业务实力 <strong>不确定</strong>，为什么不探索我们互动的股票列表，寻找一些您可能错过的基本面良好的其他公司呢？</p>
</div>

米兰站控股有限公司（HKG:1150）因股价下跌 26% 而面临投资者欢迎度下降的威胁