The Three-year Loss for Academy of Environmental Planning and DesignLtd. Nanjing University (SZSE:300864) Shareholders Likely Driven by Its Shrinking Earnings
The Three-year Loss for Academy of Environmental Planning and DesignLtd. Nanjing University (SZSE:300864) Shareholders Likely Driven by Its Shrinking Earnings
It's nice to see the Academy of Environmental Planning and Design, Co.,Ltd. Nanjing University (SZSE:300864) share price up 14% in a week. But that doesn't change the fact that the returns over the last three years have been less than pleasing. After all, the share price is down 50% in the last three years, significantly under-performing the market.
很高兴能看到南京大学环境规划设计研究院有限公司(SZSE：300864)股价在一周内上涨了14%。但这并不能改变过去三年回报不那么令人满意的事实。毕竟，该公司股价在过去三年里下跌了50%，表现明显逊于大盘。
While the last three years has been tough for Academy of Environmental Planning and DesignLtd. Nanjing University 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.
而过去的三年对环境规划设计研究院有限公司来说是艰难的。南京大学的股东们，在过去的一周里显示出了希望的迹象。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。
Check out our latest analysis for Academy of Environmental Planning and DesignLtd. Nanjing University
查看我们为环境规划设计研究院有限公司所做的最新分析。南京大学
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...' 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).
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……”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。
During the three years that the share price fell, Academy of Environmental Planning and DesignLtd. Nanjing University's earnings per share (EPS) dropped by 2.2% each year. The share price decline of 21% is actually steeper than the EPS slippage. So it's likely that the EPS decline has disappointed the market, leaving investors hesitant to buy.
在股价下跌的三年里，环境规划设计研究院有限公司。南京大学的每股收益(EPS)每年下降2.2%。21%的股价跌幅实际上比每股收益下滑的幅度更大。因此，很可能是每股收益的下降令市场失望，让投资者对买入犹豫不决。
The company's earnings per share (over time) is depicted in the image below (click to see the exact numbers).
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)。
Dive deeper into Academy of Environmental Planning and DesignLtd. Nanjing University's key metrics by checking this interactive graph of Academy of Environmental Planning and DesignLtd. Nanjing University's earnings, revenue and cash flow.
深入研究环境规划设计研究院有限公司。通过查看南京大学环境规划设计院有限公司的互动图表，得出南京大学的关键指标。南京大学的收益、收入和现金流。
What About Dividends?
那股息呢？
It is important to consider the total shareholder return, as well as the share price return, for any given stock. 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, Academy of Environmental Planning and DesignLtd. Nanjing University's TSR for the last 3 years was -47%, which exceeds the share price return mentioned earlier. The dividends paid by the company have thusly boosted the total shareholder return.
重要的是要考虑任何给定股票的总股东回报以及股价回报。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。公平地说，TSR为支付股息的股票提供了更完整的图景。碰巧的是，环境规划设计研究院有限公司。南京大学最近三年的TSR为-47%，超过了前面提到的股价回报。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're pleased to report that Academy of Environmental Planning and DesignLtd. Nanjing University rewarded shareholders with a total shareholder return of 21% over the last year. That's including the dividend. What is absolutely clear is that is far preferable to the dismal 14% average annual loss suffered over the last three years. It could well be that the business has turned around -- or else regained the confidence of investors. 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. Even so, be aware that Academy of Environmental Planning and DesignLtd. Nanjing University is showing 2 warning signs in our investment analysis , you should know about...
我们很高兴地向大家报告，环境规划设计研究院有限公司。过去一年，南京大学为股东带来了21%的总股东回报。这还包括股息。绝对清楚的是，这远远好于令人沮丧的14%的年平均增长率损失在过去的三年里饱受煎熬。这很可能是因为这家公司已经扭亏为盈--或者重新获得了投资者的信心。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。即便如此，请注意，环境规划设计研究院有限公司。南京大学上映我们的投资分析中的2个警告信号，你应该知道关于……
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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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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。