Sungrow Power Supply's (SZSE:300274) Earnings Growth Rate Lags the 59% CAGR Delivered to Shareholders
Sungrow Power Supply's (SZSE:300274) Earnings Growth Rate Lags the 59% CAGR Delivered to Shareholders
Sungrow Power Supply Co., Ltd. (SZSE:300274) shareholders might be concerned after seeing the share price drop 14% in the last quarter. But that doesn't change the fact that the returns over the last half decade have been spectacular. Indeed, the share price is up a whopping 909% in that time. So it might be that some shareholders are taking profits after good performance. Of course what matters most is whether the business can improve itself sustainably, thus justifying a higher price. Unfortunately not all shareholders will have held it for the long term, so spare a thought for those caught in the 26% decline over the last twelve months. It really delights us to see such great share price performance for investors.
阳光电源有限公司(深交所股票代码:300274)股东在上个季度看到股价下跌14%后,可能会感到担忧。但这并不能改变过去五年来回报惊人的事实。事实上,那段时间股价上涨了909%。因此,可能是一些股东在表现良好后获利。当然,最重要的是企业能否可持续地自我改善,从而证明提高价格是合理的。不幸的是,并非所有股东都能长期持有该股票,因此,对于那些在过去十二个月中陷入26%跌幅的股东,请多加考虑。看到投资者如此出色的股价表现令我们感到非常高兴。
While this past week has detracted from the company's five-year return, let's look at the recent trends of the underlying business and see if the gains have been in alignment.
尽管过去一周减损了该公司的五年回报率,但让我们来看看基础业务的最新趋势,看看涨幅是否一致。
View our latest analysis for Sungrow Power Supply
查看我们对 Sungrow Power Supply 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. 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.
在他的文章中 格雷厄姆和多兹维尔的超级投资者 沃伦·巴菲特描述了股价如何并不总是合理地反映企业的价值。考虑市场对公司的看法发生了怎样的变化的一种不完美但简单的方法是将每股收益(EPS)的变化与股价走势进行比较。
Over half a decade, Sungrow Power Supply managed to grow its earnings per share at 58% a year. That makes the EPS growth particularly close to the yearly share price growth of 59%. This indicates that investor sentiment towards the company has not changed a great deal. Rather, the share price has approximately tracked EPS growth.
在过去的五年中,Sungrow Power Supply成功地将其每股收益增长了58%。这使得每股收益的增长特别接近59%的年度股价增长。这表明投资者对公司的情绪没有太大变化。相反,股价大致追踪了每股收益的增长。
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 随时间推移的变化(点击图表查看确切值)。
![earnings-per-share-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20231126/0-b0f017f53e6e92a131df889732480bc7-0-27b0b2281c67dc6b46f44a3e1c857c05.png/big)
It is of course excellent to see how Sungrow Power Supply has grown profits over the years, but the future is more important for shareholders. Take a more thorough look at Sungrow Power Supply's financial health with this free report on its balance sheet.
当然,很高兴看到Sungrow Power Supply多年来如何增加利润,但未来对股东来说更为重要。通过这份免费的资产负债表报告,更全面地了解Sungrow Power Supply的财务状况。
What About Dividends?
分红呢?
It is important to consider the total shareholder return, as well as the share price return, for any given stock. The TSR is a return calculation that accounts for the value of cash dividends (assuming that any dividend received was reinvested) and the calculated value of any discounted capital raisings and spin-offs. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. We note that for Sungrow Power Supply the TSR over the last 5 years was 925%, 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股东总回报率以及股价回报。股东总回报率是一种回报计算方法,它考虑了现金分红的价值(假设收到的任何股息已被再投资)以及任何贴现资本筹集和分拆的计算价值。因此,对于支付丰厚股息的公司来说,股东总回报率通常远高于股价回报。我们注意到,Sungrow Power Supply在过去5年的股东总回报率为925%,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
While the broader market lost about 3.9% in the twelve months, Sungrow Power Supply shareholders did even worse, losing 26% (even including dividends). 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. Longer term investors wouldn't be so upset, since they would have made 59%, each year, over five years. If the fundamental data continues to indicate long term sustainable growth, the current sell-off could be an opportunity worth considering. Is Sungrow Power Supply cheap compared to other companies? These 3 valuation measures might help you decide.
尽管大盘在过去十二个月中下跌了约3.9%,但Sungrow Power Supply股东的表现更差,下跌了26%(甚至包括股息)。但是,可能仅仅是股价受到了更广泛的市场紧张情绪的影响。如果有很好的机会,可能值得关注基本面。长期投资者不会那么沮丧,因为他们本可以在五年内每年赚59%。如果基本面数据继续显示长期可持续增长,那么当前的抛售可能是一个值得考虑的机会。与其他公司相比,Sungrow Power Supply 便宜吗?这三种估值指标可能有助于您做出决定。
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。
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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。