Despite Lower Earnings Than Five Years Ago, Giga Device Semiconductor (SHSE:603986) Investors Are up 165% Since Then
Despite Lower Earnings Than Five Years Ago, Giga Device Semiconductor (SHSE:603986) Investors Are up 165% Since Then
When you buy shares in a company, it's worth keeping in mind the possibility that it could fail, and you could lose your money. But on the bright side, you can make far more than 100% on a really good stock. For example, the Giga Device Semiconductor Inc. (SHSE:603986) share price has soared 159% in the last half decade. Most would be very happy with that. But it's down 5.6% in the last week.
当你购买一家公司的股票时,值得记住它可能倒闭,你可能会蒙受损失。但好的一面是,买一只非常好的股票可以赚到100%以上。例如,Giga Device Semiconductor Inc.(SHSE: 603986)的股价在过去五年中飙升了159%。大多数人会对此感到非常满意。但上周下跌了5.6%。
Although Giga Device Semiconductor has shed CN¥3.8b from its market cap this week, let's take a look at its longer term fundamental trends and see if they've driven returns.
尽管Giga Device Semiconductor本周市值下跌了38亿元人民币,但让我们来看看其长期基本面趋势,看看它们是否推动了回报。
Check out our latest analysis for Giga Device Semiconductor
查看我们对千兆器件半导体的最新分析
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. One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price.
尽管一些人继续教导高效市场假说,但事实证明,市场是反应过度的动态系统,投资者并不总是理性的。评估公司情绪变化的一种有缺陷但合理的方法是将每股收益(EPS)与股价进行比较。
Giga Device Semiconductor's earnings per share are down 5.3% per year, despite strong share price performance over five years.
尽管五年来股价表现强劲,但Giga Device Semiconductor的每股收益每年下降5.3%。
This means it's unlikely the market is judging the company based on earnings growth. Because earnings per share don't seem to match up with the share price, we'll take a look at other metrics instead.
这意味着市场不太可能根据收益增长来评判该公司。由于每股收益似乎与股价不符,因此我们将改用其他指标。
The modest 0.6% dividend yield is unlikely to be propping up the share price. On the other hand, Giga Device Semiconductor's revenue is growing nicely, at a compound rate of 26% over the last five years. In that case, the company may be sacrificing current earnings per share to drive growth.
0.6%的适度股息收益率不太可能支撑股价。另一方面,Giga Device Semiconductor的收入增长良好,在过去五年中复合增长率为26%。在这种情况下,公司可能会牺牲当前的每股收益来推动增长。
The image below shows how earnings and revenue have tracked over time (if you click on the image you can see greater detail).
下图显示了收入和收入随时间推移的跟踪情况(如果您点击图片,可以看到更多细节)。
![earnings-and-revenue-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20231122/0-07891994166b510b09c99fe3bd4a4113-0-36d890c0bf442cca83afa801ae6b78c9.png/big)
Giga Device Semiconductor is a well known stock, with plenty of analyst coverage, suggesting some visibility into future growth. So it makes a lot of sense to check out what analysts think Giga Device Semiconductor will earn in the future (free analyst consensus estimates)
Giga Device Semiconductor是一只知名股票,分析师对此进行了大量报道,这表明人们对未来的增长有一定的了解。因此,看看分析师认为Giga Device Semiconductor未来将获得多少收益很有意义(分析师免费共识估计)
What About Dividends?
分红呢?
When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. 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. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. In the case of Giga Device Semiconductor, it has a TSR of 165% 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.
在考虑投资回报时,重要的是要考虑两者之间的区别 股东总回报 (TSR) 和 股价回报。基于股息再投资的假设,股东总回报率包括任何分拆或贴现资本筹集的价值,以及任何股息。可以说,股东总回报率可以更全面地描述股票产生的回报。就千兆器件半导体而言,其过去5年的股东总回报率为165%。这超过了我们之前提到的股价回报率。因此,该公司支付的股息促进了 总 股东回报。
A Different Perspective
不同的视角
While it's certainly disappointing to see that Giga Device Semiconductor shares lost 2.3% throughout the year, that wasn't as bad as the market loss of 3.8%. Of course, the long term returns are far more important and the good news is that over five years, the stock has returned 22% for each year. It could be that the business is just facing some short term problems, but shareholders should keep a close eye on the fundamentals. It's always interesting to track share price performance over the longer term. But to understand Giga Device Semiconductor better, we need to consider many other factors. Consider risks, for instance. Every company has them, and we've spotted 3 warning signs for Giga Device Semiconductor you should know about.
尽管看到Giga Device Semiconductor的股价全年下跌2.3%无疑令人失望,但这还不如3.8%的市场跌幅那么严重。当然,长期回报要重要得多,好消息是,在过去的五年中,该股每年的回报率为22%。可能是该业务正面临一些短期问题,但股东应密切关注基本面。从长远来看,追踪股价表现总是很有意思的。但是,为了更好地了解千兆器件半导体,我们需要考虑许多其他因素。例如,以风险为例。每家公司都有它们,我们已经发现了你应该知道的Giga Device Semiconductor的3个警告信号。
If you are like me, then you will not want to miss this free list of growing companies that insiders are buying.
如果你像我一样,那么你不会想错过这份业内人士正在收购的成长型公司的免费名单。
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.
对这篇文章有反馈吗?对内容感到担忧?直接联系我们。 或者,给编辑团队 (at) simplywallst.com 发送电子邮件。
Simply Wall St的这篇文章本质上是笼统的。我们仅使用公正的方法根据历史数据和分析师的预测提供评论,我们的文章无意作为财务建议。它不构成买入或卖出任何股票的建议,也没有考虑到您的目标或财务状况。我们的目标是为您提供由基本数据驱动的长期重点分析。请注意,我们的分析可能不考虑最新的价格敏感型公司公告或定性材料。简而言之,华尔街没有持有任何上述股票的头寸。