The One-year Earnings Decline Is Not Helping Shanghai Chlor-Alkali Chemical's (SHSE:600618 Share Price, as Stock Falls Another 3.5% in Past Week
The One-year Earnings Decline Is Not Helping Shanghai Chlor-Alkali Chemical's (SHSE:600618 Share Price, as Stock Falls Another 3.5% in Past Week
The simplest way to benefit from a rising market is to buy an index fund. While individual stocks can be big winners, plenty more fail to generate satisfactory returns. For example, the Shanghai Chlor-Alkali Chemical Co., Ltd. (SHSE:600618) share price is down 23% in the last year. That contrasts poorly with the market decline of 6.1%. On the bright side, the stock is actually up 8.1% in the last three years.
从上涨的市场中获益的最简单方式是购买指数基金。虽然个别股票可能是大赢家,但更多的股票无法产生令人满意的回报。例如,上海氯碱化工有限公司。(上海证券交易所:600618)去年股价下跌了23%。这与6.1%的市场跌幅形成了鲜明对比。从好的方面来看,这只股票实际上向上最近三年的8.1%。
If the past week is anything to go by, investor sentiment for Shanghai Chlor-Alkali Chemical isn't positive, so let's see if there's a mismatch between fundamentals and the share price.
如果以过去一周为标准,投资者对上海氯碱化工的情绪并不乐观,所以让我们看看基本面和股价之间是否存在错配。
Check out our latest analysis for Shanghai Chlor-Alkali Chemical
查看我们对上海氯碱化工的最新分析
To paraphrase Benjamin Graham: Over the short term the market is a voting machine, but over the long term it's a weighing machine. One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS).
本杰明·格雷厄姆(Benjamin Graham)的原话是:短期内,市场是一台投票机,但从长远来看,它是一台称重机。考察市场情绪如何随时间变化的一种方法是观察一家公司的股价和每股收益(EPS)之间的相互作用。
Unfortunately Shanghai Chlor-Alkali Chemical reported an EPS drop of 61% for the last year. This fall in the EPS is significantly worse than the 23% the share price fall. It may have been that the weak EPS was not as bad as some had feared.
不幸的是,上海氯碱化工去年的每股收益下降了61%。每股收益的这次下跌比股价下跌23%的情况要糟糕得多。这可能是因为疲软的每股收益并不像一些人担心的那样糟糕。
You can see below how EPS has changed over time (discover the exact values by clicking on the image).
您可以在下面看到EPS是如何随着时间的推移而变化的(通过单击图像来了解确切的值)。
![earnings-per-share-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20230812/0-d582fa874e6a1cb2781bff125cff2431-0-b848f27e553af560f36b67b8eea0fd99.png/big)
Dive deeper into Shanghai Chlor-Alkali Chemical's key metrics by checking this interactive graph of Shanghai Chlor-Alkali Chemical's earnings, revenue and cash flow.
通过查看上海氯碱化工的收益、收入和现金流的互动图表,更深入地了解上海氯碱化工的关键指标。
What About Dividends?
那股息呢?
When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. 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. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. In the case of Shanghai Chlor-Alkali Chemical, it has a TSR of -20% for the last 1 year. That exceeds its share price return that we previously mentioned. The dividends paid by the company have thusly boosted the total shareholder return.
在考察投资回报时,重要的是要考虑到股东总回报(TSR)和股价回报。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。因此,对于支付丰厚股息的公司来说,TSR往往比股价回报高得多。以上海氯碱化工为例,过去一年的TSR为-20%。这超过了我们之前提到的它的股价回报。该公司支付的股息因此提振了总计股东回报。
A Different Perspective
不同的视角
We regret to report that Shanghai Chlor-Alkali Chemical shareholders are down 20% for the year (even including dividends). Unfortunately, that's worse than the broader market decline of 6.1%. Having said that, it's inevitable that some stocks will be oversold in a falling market. The key is to keep your eyes on the fundamental developments. On the bright side, long term shareholders have made money, with a gain of 5% per year over half a decade. If the fundamental data continues to indicate long term sustainable growth, the current sell-off could be an opportunity worth considering. While it is well worth considering the different impacts that market conditions can have on the share price, there are other factors that are even more important. To that end, you should be aware of the 2 warning signs we've spotted with Shanghai Chlor-Alkali Chemical .
我们遗憾地报告,上海氯碱化工的股东全年下跌了20%(即使包括股息)。不幸的是,这比大盘6.1%的跌幅还要糟糕。话虽如此,在下跌的市场中,一些股票不可避免地会被超卖。关键是要密切关注基本面的发展。好的一面是,长期股东已经赚到了钱,过去五年的年回报率为5%。如果基本面数据继续显示长期可持续增长,当前的抛售可能是一个值得考虑的机会。虽然值得考虑市场状况对股价可能产生的不同影响,但还有其他更重要的因素。为此,您应该意识到2个警告标志我们发现了上海氯碱化工公司。
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of companies that have proven they can grow earnings.
如果你更愿意看看另一家公司--一家财务状况可能更好的公司--那么不要错过这一点免费已证明自己能够实现盈利增长的公司名单。
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on Chinese exchanges.
请注意,本文引用的市场回报反映了目前在中国交易所交易的股票的市场加权平均回报。
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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.
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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。