The Three-year Underlying Earnings Growth at Shanghai Jahwa United (SHSE:600315) Is Promising, but the Shareholders Are Still in the Red Over That Time
The Three-year Underlying Earnings Growth at Shanghai Jahwa United (SHSE:600315) Is Promising, but the Shareholders Are Still in the Red Over That Time
As an investor its worth striving to ensure your overall portfolio beats the market average. But in any portfolio, there are likely to be some stocks that fall short of that benchmark. Unfortunately, that's been the case for longer term Shanghai Jahwa United Co., Ltd. (SHSE:600315) shareholders, since the share price is down 44% in the last three years, falling well short of the market decline of around 8.9%. The falls have accelerated recently, with the share price down 21% in the last three months. Of course, this share price action may well have been influenced by the 9.9% decline in the broader market, throughout the period.
作为一名投资者，努力确保你的整体投资组合超过市场平均水平是值得的。但在任何投资组合中，都可能会有一些股票没有达到这一基准。不幸的是，从长远来看，情况就是这样上海家化联合有限公司。(上交所：600315)股东，因为股价在过去三年里下跌了44%，远远低于市场约8.9%的跌幅。股价最近加速下跌，在过去三个月里下跌了21%。当然，在此期间，这一股价走势很可能受到大盘9.9%跌幅的影响。
Given the past week has been tough on shareholders, let's investigate the fundamentals and see what we can learn.
鉴于过去一周对股东的态度一直很严峻，让我们调查一下基本面，看看我们能学到什么。
See our latest analysis for Shanghai Jahwa United
查看我们对上海家化联合的最新分析
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。
Although the share price is down over three years, Shanghai Jahwa United actually managed to grow EPS by 19% per year in that time. This is quite a puzzle, and suggests there might be something temporarily buoying the share price. Or else the company was over-hyped in the past, and so its growth has disappointed.
尽管股价在三年多的时间里下跌，但在此期间，上海家化联合实际上实现了每股收益每年19%的增长。这是一个相当令人费解的问题，表明可能有什么因素暂时提振了股价。或者，该公司过去被过度炒作，因此其增长令人失望。
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.
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。
The modest 0.9% dividend yield is unlikely to be guiding the market view of the stock. With revenue flat over three years, it seems unlikely that the share price is reflecting the top line. We're not entirely sure why the share price is dropped, but it does seem likely investors have become less optimistic about the business.
0.9%的适度股息收益率不太可能指导市场对该股的看法。由于三年来营收持平，股价似乎不太可能反映营收。我们不完全确定股价下跌的原因，但看起来投资者似乎对该业务不那么乐观了。
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)。
Shanghai Jahwa United is well known by investors, and plenty of clever analysts have tried to predict the future profit levels. So it makes a lot of sense to check out what analysts think Shanghai Jahwa United will earn in the future (free analyst consensus estimates)
上海家化联合为投资者所熟知，许多聪明的分析师曾试图预测未来的利润水平。因此，看看分析人士认为上海家化联队未来的收入是多少是很有意义的(自由分析师共识估计)
A Different Perspective
不同的视角
We regret to report that Shanghai Jahwa United shareholders are down 15% for the year (even including dividends). Unfortunately, that's worse than the broader market decline of 0.2%. However, it could simply be that the share price has been impacted by broader market jitters. It might be worth keeping an eye on the fundamentals, in case there's a good opportunity. Regrettably, last year's performance caps off a bad run, with the shareholders facing a total loss of 2% per year over five years. Generally speaking long term share price weakness can be a bad sign, though contrarian investors might want to research the stock in hope of a turnaround. While it is well worth considering the different impacts that market conditions can have on the share price, there are other factors that are even more important. Consider risks, for instance. Every company has them, and we've spotted 1 warning sign for Shanghai Jahwa United you should know about.
我们遗憾地报告，上海家化联合的股东今年以来下降了15%(即使包括股息)。不幸的是，这比大盘0.2%的跌幅还要糟糕。然而，这可能只是因为股价受到了更广泛的市场紧张情绪的影响。也许有必要关注基本面，以防出现良机。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2%的总亏损。一般来说，股价长期疲软可能是一个坏信号，尽管反向投资者可能会希望研究这只股票，希望它能好转。虽然值得考虑市场状况对股价可能产生的不同影响，但还有其他更重要的因素。例如，考虑一下风险。每家公司都有它们，我们已经发现上海家化联合的1个警告标志你应该知道。
For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
对于那些想要找到赢得投资这免费最近有内幕收购的不断增长的公司名单可能就是合适的选择。
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。