Tianjin Jingwei Huikai Optoelectronic (SZSE:300120) Stock Falls 8.5% in Past Week as Three-year Earnings and Shareholder Returns Continue Downward Trend
Tianjin Jingwei Huikai Optoelectronic (SZSE:300120) Stock Falls 8.5% in Past Week as Three-year Earnings and Shareholder Returns Continue Downward Trend
Many investors define successful investing as beating the market average over the long term. But if you try your hand at stock picking, your risk returning less than the market. Unfortunately, that's been the case for longer term Tianjin Jingwei Huikai Optoelectronic Co., Ltd. (SZSE:300120) shareholders, since the share price is down 50% in the last three years, falling well short of the market decline of around 12%. Furthermore, it's down 16% in about a quarter. That's not much fun for holders. But this could be related to the weak market, which is down 8.2% in the same period.
许多投资者将成功的投资定义为长期超过市场平均水平。但如果你试着选股,你的风险回报就会低于市场。不幸的是,从长远来看,情况就是这样天津经纬汇凯光电有限公司。(SZSE:300120)股东,因为股价在过去三年里下跌了50%,远远低于市场约12%的跌幅。此外,它在大约四分之一的时间里下跌了16%。对于持有者来说,这并不是什么乐趣。但这可能与市场疲软有关,同期市场下跌8.2%。
Since Tianjin Jingwei Huikai Optoelectronic has shed CN¥368m from its value in the past 7 days, let's see if the longer term decline has been driven by the business' economics.
由于天津经纬汇凯光电在过去7天里市值缩水3.68亿元人民币,让我们看看长期下跌是否受到了企业经济的推动。
View our latest analysis for Tianjin Jingwei Huikai Optoelectronic
查看我们对天津经纬汇凯光电的最新分析
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 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.
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。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。
Tianjin Jingwei Huikai Optoelectronic saw its EPS decline at a compound rate of 45% per year, over the last three years. This fall in the EPS is worse than the 20% compound annual share price fall. This suggests that the market retains some optimism around long term earnings stability, despite past EPS declines. This positive sentiment is also reflected in the generous P/E ratio of 141.75.
在过去的三年里,天津经纬汇凯光电的每股收益以每年45%的复合速度下降。每股收益的这一跌幅比年复合股价20%的跌幅还要糟糕。这表明,尽管过去每股收益有所下降,但市场仍对长期收益稳定保持了一定的乐观情绪。这种积极情绪也反映在141.75的慷慨市盈率上。
The image below shows how EPS has tracked over time (if you click on the image you can see greater detail).
下图显示了EPS是如何随着时间的推移进行跟踪的(如果您点击该图像,您可以看到更多详细信息)。
This free interactive report on Tianjin Jingwei Huikai Optoelectronic's earnings, revenue and cash flow is a great place to start, if you want to investigate the stock further.
这免费如果你想进一步调查这只股票,天津经纬汇凯光电的收益、收入和现金流互动报告是一个很好的起点。
A Different Perspective
不同的视角
It's nice to see that Tianjin Jingwei Huikai Optoelectronic shareholders have received a total shareholder return of 2.0% over the last year. And that does include the dividend. However, that falls short of the 4% TSR per annum it has made for shareholders, each year, over five years. Potential buyers might understandably feel they've missed the opportunity, but it's always possible business is still firing on all cylinders. 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. To that end, you should learn about the 4 warning signs we've spotted with Tianjin Jingwei Huikai Optoelectronic (including 1 which can't be ignored) .
很高兴看到天津经纬汇凯光电的股东在过去一年中获得了2.0%的总股东回报。这确实包括了股息。然而,这低于该公司在五年内每年为股东创造的4%的TSR。潜在买家可能会觉得他们错过了预期的机会,这是可以理解的,但业务仍有可能仍然全速运转。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。为此,您应该了解4个警示标志我们已经发现了天津经纬惠凯光电(其中1家是不容忽视的)。
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。