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Shenghe Resources Holding (SHSE:600392) Pulls Back 5.6% This Week, but Still Delivers Shareholders Notable 14% CAGR Over 3 Years

Shenghe Resources Holding (SHSE:600392) Pulls Back 5.6% This Week, but Still Delivers Shareholders Notable 14% CAGR Over 3 Years

盛和资源控股(上海证券交易所代码:600392)本周回调5.6%,但仍为股东带来了3年内可观的14%的复合年增长率
Simply Wall St ·  2023/10/19 01:58

Shenghe Resources Holding Co., Ltd (SHSE:600392) shareholders might be concerned after seeing the share price drop 17% in the last quarter. But that doesn't change the fact that the returns over the last three years have been pleasing. After all, the share price is up a market-beating 48% in that time.

胜和资源控股有限公司(上海证券交易所:600392)上个季度股价下跌17%后,股东们可能会感到担忧。但这并不能改变过去三年回报一直令人满意的事实。毕竟,在这段时间里,该公司股价上涨了48%,涨幅超过了市场。

In light of the stock dropping 5.6% in the past week, we want to investigate the longer term story, and see if fundamentals have been the driver of the company's positive three-year return.

鉴于该公司股价在过去一周下跌了5.6%,我们希望调查更长期的情况,看看基本面因素是否是该公司三年来正回报的驱动因素。

Check out our latest analysis for Shenghe Resources Holding

查看我们对盛和资源控股的最新分析

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 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.

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……”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。

Shenghe Resources Holding became profitable within the last three years. So we would expect a higher share price over the period.

胜合资源控股在过去三年内实现了盈利。因此,我们预计这段时间内股价会更高。

You can see how EPS has changed over time in the image below (click on the chart to see the exact values).

您可以在下图中看到EPS是如何随着时间的推移而变化的(单击图表可查看精确值)。

earnings-per-share-growth
SHSE:600392 Earnings Per Share Growth October 19th 2023
上交所:2023年10月19日每股收益增长600392

It is of course excellent to see how Shenghe Resources Holding has grown profits over the years, but the future is more important for shareholders. If you are thinking of buying or selling Shenghe Resources Holding stock, you should check out this FREE detailed report on its balance sheet.

看到盛和资源控股多年来如何实现利润增长当然很棒,但对股东来说,未来更重要。如果你正在考虑买入或卖出盛和资源控股的股票,你应该看看这个免费关于其资产负债表的详细报告。

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. Whereas the share price return only reflects the change in the share price, the TSR includes the value of dividends (assuming they were reinvested) and the benefit of any discounted capital raising or spin-off. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. In the case of Shenghe Resources Holding, it has a TSR of 50% for the last 3 years. That exceeds its share price return that we previously mentioned. This is largely a result of its dividend payments!

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。虽然股价回报只反映股价的变动,但TSR包括股息的价值(假设股息再投资),以及任何折价集资或分拆所带来的利益。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。就盛和资源控股而言,其最近3年的总资产收益率为50%。这超过了我们之前提到的它的股价回报。这在很大程度上是其股息支付的结果!

A Different Perspective

不同的视角

We regret to report that Shenghe Resources Holding shareholders are down 33% for the year (even including dividends). Unfortunately, that's worse than the broader market decline of 4.8%. 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. Longer term investors wouldn't be so upset, since they would have made 4%, each year, over five years. It could be that the recent sell-off is an opportunity, so it may be worth checking the fundamental data for signs of a long term growth trend. 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. Consider for instance, the ever-present spectre of investment risk. We've identified 3 warning signs with Shenghe Resources Holding , and understanding them should be part of your investment process.

我们遗憾地报告,盛和资源控股股东全年下跌33%(即使包括股息)。不幸的是,这比大盘4.8%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。较长期的投资者不会如此沮丧,因为他们在五年内每年会获得4%的收益。最近的抛售可能是一个机会,因此可能值得查看基本面数据,以寻找长期增长趋势的迹象。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。例如,考虑一下无处不在的投资风险幽灵。我们已经确定了三个警告信号与盛和资源控股,了解他们应该是你投资过程的一部分。

We will like Shenghe Resources Holding better if we see some big insider buys. While we wait, check out this free list of growing companies with considerable, recent, insider buying.

如果我们看到一些大的内部收购,我们会更喜欢盛和资源控股。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。

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。

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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