For many investors, the main point of stock picking is to generate higher returns than the overall market. But if you try your hand at stock picking, your risk returning less than the market. We regret to report that long term Shandong New Beiyang Information Technology Co., Ltd. (SZSE:002376) shareholders have had that experience, with the share price dropping 42% in three years, versus a market return of about 19%. On the other hand the share price has bounced 9.7% over the last week.
While the last three years has been tough for Shandong New Beiyang Information Technology shareholders, this past week has shown signs of promise. So let's look at the longer term fundamentals and see if they've been the driver of the negative returns.
See our latest analysis for Shandong New Beiyang Information Technology
To quote Buffett, 'Ships will sail around the world but the Flat Earth Society will flourish. There will continue to be wide discrepancies between price and value in the marketplace...' By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time.
Shandong New Beiyang Information Technology saw its EPS decline at a compound rate of 30% per year, over the last three years. This fall in the EPS is worse than the 16% compound annual share price fall. So, despite the prior disappointment, shareholders must have some confidence the situation will improve, longer term.
The company's earnings per share (over time) is depicted in the image below (click to see the exact numbers).
SZSE:002376 Earnings Per Share Growth October 13th 2022
It might be well worthwhile taking a look at our free report on Shandong New Beiyang Information Technology's earnings, revenue and cash flow.
What About Dividends?
As well as measuring the share price return, investors should also consider the total shareholder return (TSR). The TSR is a return calculation that accounts for the value of cash dividends (assuming that any dividend received was reinvested) and the calculated value of any discounted capital raisings and spin-offs. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. As it happens, Shandong New Beiyang Information Technology's TSR for the last 3 years was -37%, which exceeds the share price return mentioned earlier. This is largely a result of its dividend payments!
A Different Perspective
While it's certainly disappointing to see that Shandong New Beiyang Information Technology shares lost 5.6% throughout the year, that wasn't as bad as the market loss of 17%. What is more upsetting is the 6% per annum loss investors have suffered over the last half decade. While the losses are slowing we doubt many shareholders are happy with the stock. I find it very interesting to look at share price over the long term as a proxy for business performance. But to truly gain insight, we need to consider other information, too. Even so, be aware that Shandong New Beiyang Information Technology is showing 2 warning signs in our investment analysis , you should know about...
We will like Shandong New Beiyang Information Technology better if we see some big insider buys. While we wait, check out this free list of growing companies with considerable, recent, insider buying.
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on CN exchanges.
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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.
对于许多投资者来说,选股的主要着眼点是产生高于整体市场的回报。但如果你试着选股,你的风险回报就会低于市场。我们很遗憾地报告这一长期的山东新北洋信息技术有限公司。(SZSE:002376)股东有过这样的经历,股价在三年内下跌了42%,而市场回报率约为19%。另一方面,该公司股价在过去一周反弹了9.7%。
尽管过去三年对山东新北洋信息技术有限公司的股东来说是艰难的,但过去一周出现了希望的迹象。因此,让我们看看较长期的基本面,看看它们是否是负回报的驱动因素。
查看我们对山东新北洋信息技术的最新分析
用巴菲特的话说,“船只将在世界各地航行,但平坦的地球协会将蓬勃发展。市场上的价格和价值之间将继续存在巨大的差异……”通过比较每股收益(EPS)和股价随时间的变化,我们可以感受到投资者对一家公司的态度随着时间的推移发生了怎样的变化。
过去三年,山东新北洋信息技术有限公司的每股收益以每年30%的复合速度下降。每股收益的这一跌幅比16%的复合年度股价跌幅还要糟糕。因此,尽管之前令人失望,但从长远来看,股东们必须对情况会有所改善有一定的信心。
该公司的每股收益(在一段时间内)如下图所示(点击查看具体数字)。
深交所:2022年10月13日每股收益增长002376
也许很值得一看我们的免费山东新北洋信息技术有限公司收益、收入和现金流报告。
那股息呢?
除了衡量股价回报外,投资者还应考虑总股东回报(TSR)。TSR是一种回报计算,计入了现金股息的价值(假设收到的任何股息都进行了再投资),以及任何贴现融资和剥离的计算价值。公平地说,TSR为支付股息的股票提供了更完整的图景。恰好,山东新北洋信息科技最近3年的TSR为-37%,超过了前面提到的股价回报。这在很大程度上是其股息支付的结果!
不同的视角
虽然看到山东新北洋信息技术股份有限公司的股票全年下跌5.6%肯定令人失望,但这并没有股市下跌17%那么糟糕。更令人沮丧的是,投资者在过去五年里遭受了每年6%的损失。虽然亏损正在放缓,但我们怀疑有多少股东对该股感到满意。我发现,把股价作为衡量企业业绩的长期指标是非常有趣的。但为了真正获得洞察力,我们还需要考虑其他信息。即便如此,要意识到山东新北洋信息技术正在展示我们的投资分析中的2个警告信号,你应该知道关于……
如果我们看到一些大的内部收购,我们会更喜欢山东新北洋信息技术。在我们等待的时候,看看这个免费最近有大量内幕收购的成长型公司名单。
请注意,本文引用的市场回报反映了目前在CN交易所交易的股票的市场加权平均回报。
对这篇文章有什么反馈吗?担心内容吗? 保持联系直接与我们联系。或者,也可以给编辑组发电子邮件,地址是implywallst.com。
本文由Simply Wall St.撰写,具有概括性。我们仅使用不偏不倚的方法提供基于历史数据和分析师预测的评论,我们的文章并不打算作为财务建议。它不构成买卖任何股票的建议,也没有考虑你的目标或你的财务状况。我们的目标是为您带来由基本面数据驱动的长期重点分析。请注意,我们的分析可能不会将最新的对价格敏感的公司公告或定性材料考虑在内。Simply Wall St.对上述任何一只股票都没有持仓。