The Five-year Earnings Decline Is Not Helping Fangda Special Steel Technology's (SHSE:600507 Share Price, as Stock Falls Another 3.9% in Past Week
The Five-year Earnings Decline Is Not Helping Fangda Special Steel Technology's (SHSE:600507 Share Price, as Stock Falls Another 3.9% in Past Week
The main aim of stock picking is to find the market-beating stocks. But even the best stock picker will only win with some selections. So we wouldn't blame long term Fangda Special Steel Technology Co., Ltd. (SHSE:600507) shareholders for doubting their decision to hold, with the stock down 38% over a half decade. And some of the more recent buyers are probably worried, too, with the stock falling 30% in the last year.
选股的主要目的是寻找跑赢大盘的股票。但即使是最好的选股者也只有在一些选择。所以我们不会责怪长期方达特钢科技有限公司。(上海证券交易所：600507)股东对他们持有股票的决定表示怀疑，该股在过去五年中下跌了38%。一些最近的买家可能也在担心，该公司股价去年下跌了30%。
With the stock having lost 3.9% in the past week, it's worth taking a look at business performance and seeing if there's any red flags.
鉴于该公司股价在过去一周下跌了3.9%，我们有必要看看公司的业绩，看看是否有任何危险信号。
See our latest analysis for Fangda Special Steel Technology
请看我们对方大特钢技术的最新分析
In his essay The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not always rationally reflect the value of a business. One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement.
在他的文章中格雷厄姆和多德斯维尔的超级投资者沃伦·巴菲特描述了股价并不总是理性地反映一家企业的价值。一种不完美但简单的方法来考虑市场对一家公司的看法是如何改变的，那就是将每股收益(EPS)的变化与股价走势进行比较。
Looking back five years, both Fangda Special Steel Technology's share price and EPS declined; the latter at a rate of 32% per year. The share price decline of 9% per year isn't as bad as the EPS decline. So investors might expect EPS to bounce back -- or they may have previously foreseen the EPS decline.
回顾五年，方大特钢科技的股价和每股收益都出现了下跌；后者以每年32%的速度下跌。股价每年下跌9%并不像每股收益下跌那么糟糕。因此，投资者可能会预计每股收益会反弹--或者他们之前可能已经预见到了每股收益的下降。
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 Fangda Special Steel Technology's key metrics by checking this interactive graph of Fangda Special Steel Technology's earnings, revenue and cash flow.
通过查看这张方大特钢科技的收益、收入和现金流的互动图表，更深入地挖掘方大特钢科技的关键指标。
What About The Total Shareholder Return (TSR)?
那么总股东回报(TSR)呢？
Investors should note that there's a difference between Fangda Special Steel Technology's total shareholder return (TSR) and its share price change, which we've covered above. The TSR attempts to capture the value of dividends (as if they were reinvested) as well as any spin-offs or discounted capital raisings offered to shareholders. Fangda Special Steel Technology's TSR of was a loss of 7.3% for the 5 years. That wasn't as bad as its share price return, because it has paid dividends.
投资者应该注意到，方大特钢科技的总股东回报(TSR)与其股价变化之间存在差异，我们在上面已经谈到了这一点。TSR试图获取股息的价值(就像它们被再投资一样)，以及向股东提供的任何剥离或折价融资。方大特钢科技的TSR连续5年亏损7.3%。这并不像它的股价回报那么糟糕，因为它已经支付了股息。
A Different Perspective
不同的视角
We regret to report that Fangda Special Steel Technology shareholders are down 30% for the year. Unfortunately, that's worse than the broader market decline of 9.8%. 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. Regrettably, last year's performance caps off a bad run, with the shareholders facing a total loss of 1.4% per year over five years. We realise that Baron Rothschild has said investors should "buy when there is blood on the streets", but we caution that investors should first be sure they are buying a high quality business. It's always interesting to track share price performance over the longer term. But to understand Fangda Special Steel Technology better, we need to consider many other factors. Even so, be aware that Fangda Special Steel Technology is showing 2 warning signs in our investment analysis , you should know about...
我们遗憾地报告，方大特钢科技的股东今年以来下跌了30%。不幸的是，这比大盘9.8%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。令人遗憾的是，去年的业绩为糟糕的表现画上了句号，股东们在五年内面临着每年1.4%的总亏损。我们意识到，罗斯柴尔德男爵曾说过，投资者应该“在街上血淋淋的时候买入”，但我们警告投资者，首先应该确保他们购买的是一家高质量的企业。跟踪股价的长期表现总是很有趣的。但要更好地了解方大特钢科技，还需要考虑很多其他因素。即便如此，要注意方大特钢科技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……
If you like to buy stocks alongside management, then you might just love this free list of companies. (Hint: insiders have been buying them).
如果你喜欢和管理层一起买股票，那么你可能会喜欢这本书免费公司名单。(提示：内部人士一直在买入这些股票)。
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。