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Hexing ElectricalLtd's (SHSE:603556) Earnings Growth Rate Lags the 18% CAGR Delivered to Shareholders

Hexing ElectricalLtd's (SHSE:603556) Earnings Growth Rate Lags the 18% CAGR Delivered to Shareholders

Hexing ElectricallTD(上海证券交易所代码:603556)的收益增长率落后于向股东交付的18%的复合年增长率
Simply Wall St ·  2023/10/18 21:42

While Hexing Electrical Co.,Ltd. (SHSE:603556) shareholders are probably generally happy, the stock hasn't had particularly good run recently, with the share price falling 15% in the last quarter. On the bright side the returns have been quite good over the last half decade. After all, the share price is up a market-beating 97% in that time.

而当合兴电器有限公司。(上海证券交易所:603556)股东可能总体上很满意,该股最近表现不是特别好,上个季度股价下跌了15%。从好的方面来看,过去五年的回报相当不错。毕竟,在这段时间里,该公司股价上涨了97%,涨幅超过了市场。

While the stock has fallen 8.7% this week, it's worth focusing on the longer term and seeing if the stocks historical returns have been driven by the underlying fundamentals.

虽然该股本周下跌了8.7%,但值得关注的是更长期的,看看这些股票的历史回报是否受到了基本面因素的推动。

View our latest analysis for Hexing ElectricalLtd

查看我们对合兴电气有限公司的最新分析

While the efficient markets hypothesis continues to be taught by some, it has been proven that markets are over-reactive dynamic systems, and investors are not always rational. 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.

虽然有效市场假说继续被一些人传授,但事实证明,市场是过度反应的动态系统,投资者并不总是理性的。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。

Over half a decade, Hexing ElectricalLtd managed to grow its earnings per share at 11% a year. This EPS growth is lower than the 15% average annual increase in the share price. So it's fair to assume the market has a higher opinion of the business than it did five years ago. And that's hardly shocking given the track record of growth.

在过去的五年里,和兴电子股份有限公司的每股收益以每年11%的速度增长。这一每股收益增幅低于该公司股价15%的年均增幅。因此,可以公平地认为,市场对这项业务的看法比五年前更高。考虑到增长的记录,这并不令人震惊。

The graphic below depicts how EPS has changed over time (unveil the exact values by clicking on the image).

下图描述了EPS是如何随着时间的推移而变化的(通过单击图像来揭示确切的值)。

earnings-per-share-growth
SHSE:603556 Earnings Per Share Growth October 19th 2023
上交所:2023年10月19日每股收益增长603556

We know that Hexing ElectricalLtd has improved its bottom line lately, but is it going to grow revenue? Check if analysts think Hexing ElectricalLtd will grow revenue in the future.

我们知道合兴电气最近提高了利润,但它会增加收入吗?检查分析师是否认为和兴电气有限公司未来会增加收入。

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. In the case of Hexing ElectricalLtd, it has a TSR of 131% for the last 5 years. That exceeds its share price return that we previously mentioned. 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。以和兴电气股份有限公司为例,它在过去5年的TSR为131%。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

It's good to see that Hexing ElectricalLtd has rewarded shareholders with a total shareholder return of 45% in the last twelve months. Of course, that includes the dividend. That's better than the annualised return of 18% over half a decade, implying that the company is doing better recently. Someone with an optimistic perspective could view the recent improvement in TSR as indicating that the business itself is getting better with time. 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. Case in point: We've spotted 1 warning sign for Hexing ElectricalLtd you should be aware of.

很高兴看到合兴电器有限公司在过去的12个月里回报了股东45%的总回报。当然,这包括股息。这比过去五年18%的年化回报率要好,这意味着该公司最近的表现更好。持乐观观点的人可能会认为,最近TSR的改善表明,业务本身正在随着时间的推移而变得更好。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。一个恰当的例子:我们发现了合兴电气有限公司1个警示标志你应该意识到。

But note: Hexing ElectricalLtd may not be the best stock to buy. So take a peek at this free list of interesting companies with past earnings growth (and further growth forecast).

但请注意:和兴电子股份有限公司可能不是最值得购买的股票。所以让我们来看看这个免费过去有盈利增长(以及进一步增长预测)的有趣公司名单。

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。

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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。

声明:本内容仅用作提供资讯及教育之目的,不构成对任何特定投资或投资策略的推荐或认可。 更多信息
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