The One-year Decline in Earnings Might Be Taking Its Toll on Xuchang Yuandong Drive ShaftLtd (SZSE:002406) Shareholders as Stock Falls 11% Over the Past Week
The One-year Decline in Earnings Might Be Taking Its Toll on Xuchang Yuandong Drive ShaftLtd (SZSE:002406) Shareholders as Stock Falls 11% Over the Past Week
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. 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. The Xuchang Yuandong Drive Shaft Co.Ltd (SZSE:002406) share price has had a bad week, falling 11%. But that doesn't change the reality that over twelve months the stock has done really well. After all, the share price is up a market-beating 34% in that time.
这个许昌远东传动轴有限公司[SZSE：002406]股价本周表现不佳，下跌了11%.但这并没有改变这样一个事实，即过去12个月来，该股表现非常好。毕竟，在这段时间里，该公司股价上涨了34%，涨幅超过了市场。
In light of the stock dropping 11% 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 one-year return.
鉴于该公司股价在过去一周下跌了11%，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一年来正回报的驱动因素。
View our latest analysis for Xuchang Yuandong Drive ShaftLtd
查看我们对许昌远东传动轴有限公司的最新分析
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. 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.
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。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 the last twelve months, Xuchang Yuandong Drive ShaftLtd actually shrank its EPS by 23%.
在过去的12个月里，许昌远东传动轴有限公司的每股收益实际上缩水了23%。
So we don't think that investors are paying too much attention to EPS. Since the change in EPS doesn't seem to correlate with the change in share price, it's worth taking a look at other metrics.
因此，我们不认为投资者对每股收益给予了太多关注。由于每股收益的变化似乎与股价的变化没有相关性，因此值得看看其他指标。
We are skeptical of the suggestion that the 1.6% dividend yield would entice buyers to the stock. Unfortunately Xuchang Yuandong Drive ShaftLtd's fell 13% over twelve months. So the fundamental metrics don't provide an obvious explanation for the share price gain.
我们对1.6%的股息收益率将吸引买家买入该股的说法持怀疑态度。不幸的是，许昌远东驱动轴有限公司的股价在12个月内下跌了13%。因此，基本面指标并不能为股价上涨提供明显的解释。
You can see below how earnings and revenue have changed over time (discover the exact values by clicking on the image).
你可以在下面看到收入和收入是如何随着时间的推移而变化的(点击图片可以发现确切的价值)。
If you are thinking of buying or selling Xuchang Yuandong Drive ShaftLtd stock, you should check out this FREE detailed report on its balance sheet.
如果你正在考虑买卖许昌远东传动轴有限公司的股票，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？
It is important to consider the total shareholder return, as well as the share price return, for any given stock. The TSR incorporates the value of any spin-offs or discounted capital raisings, along with any dividends, based on the assumption that the dividends are reinvested. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. We note that for Xuchang Yuandong Drive ShaftLtd the TSR over the last 1 year was 36%, which is better than the share price return mentioned above. This is largely a result of its dividend payments!
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包括任何剥离或贴现融资的价值，以及任何股息，基于股息再投资的假设。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。我们注意到，许昌远东传动轴有限公司过去一年的总回报率为36%，好于上述股价回报率。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're pleased to report that Xuchang Yuandong Drive ShaftLtd shareholders have received a total shareholder return of 36% over one year. That's including the dividend. That's better than the annualised return of 6% 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. It's always interesting to track share price performance over the longer term. But to understand Xuchang Yuandong Drive ShaftLtd better, we need to consider many other factors. For example, we've discovered 4 warning signs for Xuchang Yuandong Drive ShaftLtd (2 are a bit concerning!) that you should be aware of before investing here.
我们很高兴地报告，许昌远东驱动轴有限公司的股东在一年的时间里获得了36%的总股东回报。这还包括股息。这比过去五年6%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。跟踪股价的长期表现总是很有趣的。但要更好地了解许昌远东传动轴有限公司，我们还需要考虑许多其他因素。例如，我们发现许昌远东传动轴有限公司的4个警告标志(两个有点令人担忧！)在这里投资之前你应该意识到这一点。
We will like Xuchang Yuandong Drive ShaftLtd 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，我们会更喜欢许昌远东传动轴有限公司。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。
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.
对这篇文章有什么反馈吗？担心内容吗？ 保持联系直接与我们联系。或者，也可以给编辑组发电子邮件，地址是implywallst.com。
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。
