Ningbo Huaxiang Electronic's (SZSE:002048) Earnings Growth Rate Lags the 8.6% CAGR Delivered to Shareholders
Ningbo Huaxiang Electronic's (SZSE:002048) Earnings Growth Rate Lags the 8.6% CAGR Delivered to Shareholders
The main point of investing for the long term is to make money. But more than that, you probably want to see it rise more than the market average. Unfortunately for shareholders, while the Ningbo Huaxiang Electronic Co., Ltd. (SZSE:002048) share price is up 22% in the last five years, that's less than the market return. However, if you include the dividends then the return is market beating. Unfortunately the share price is down 10% in the last year.
长期投资的要点是赚钱。但更重要的是,你可能希望看到它的上涨幅度超过市场平均水平。对于股东来说,不幸的是,尽管宁波华翔电子有限公司(SZSE:002048)的股价在过去五年中上涨了22%,但仍低于市场回报率。但是,如果将股息包括在内,那么回报将超过市场。不幸的是,去年股价下跌了10%。
Although Ningbo Huaxiang Electronic has shed CN¥522m from its market cap this week, let's take a look at its longer term fundamental trends and see if they've driven returns.
尽管宁波华翔电子本周市值已下跌5.22亿元人民币,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。
See our latest analysis for Ningbo Huaxiang Electronic
查看我们对宁波华翔电子的最新分析
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.
引用巴菲特的话说:“船只将在世界各地航行,但Flat Earth Society将蓬勃发展。市场上的价格和价值之间将继续存在巨大差异...”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。
During five years of share price growth, Ningbo Huaxiang Electronic achieved compound earnings per share (EPS) growth of 3.5% per year. So the EPS growth rate is rather close to the annualized share price gain of 4% per year. That suggests that the market sentiment around the company hasn't changed much over that time. In fact, the share price seems to largely reflect the EPS growth.
在五年的股价增长中,宁波华翔电子实现了每股复合收益(EPS)每年增长3.5%。因此,每股收益增长率相当接近每年4%的年化股价涨幅。这表明,在那段时间内,公司周围的市场情绪没有太大变化。实际上,股价似乎在很大程度上反映了每股收益的增长。
You can see below how EPS has changed over time (discover the exact values by clicking on the image).
你可以在下面看到 EPS 是如何随着时间的推移而变化的(点击图片发现确切的值)。
![earnings-per-share-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20231206/0-86a13c1c9f8e265426e292fe873e9b85-0-24e29a7e02917a68ec32146c19cd4752.png/big)
This free interactive report on Ningbo Huaxiang Electronic's earnings, revenue and cash flow is a great place to start, if you want to investigate the stock further.
如果你想进一步调查该股,这份关于宁波华翔电子收益、收入和现金流的免费互动报告是一个不错的起点。
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 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. As it happens, Ningbo Huaxiang Electronic's TSR for the last 5 years was 51%, which exceeds the share price return mentioned earlier. The dividends paid by the company have thusly boosted the total shareholder return.
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。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。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。碰巧的是,宁波华翔电子过去5年的股东总回报率为51%,超过了前面提到的股价回报率。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
Ningbo Huaxiang Electronic shareholders are down 8.7% over twelve months (even including dividends), which isn't far from the market return of -8.0%. Longer term investors wouldn't be so upset, since they would have made 9%, each year, over five years. If the stock price has been impacted by changing sentiment, rather than deteriorating business conditions, it could spell opportunity. 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. For example, we've discovered 1 warning sign for Ningbo Huaxiang Electronic that you should be aware of before investing here.
宁波华翔电子的股东在十二个月内下跌了8.7%(包括股息),与-8.0%的市场回报率相差不远。长期投资者不会那么沮丧,因为他们本可以在五年内每年获得9%的收入。如果股价受到情绪变化的影响,而不是商业状况恶化的影响,则可能带来机遇。尽管值得考虑市场状况可能对股价产生的不同影响,但还有其他因素更为重要。例如,我们发现了宁波华翔电子的1个警告信号,在投资宁波华翔电子之前,你应该注意这一点。
We will like Ningbo Huaxiang Electronic 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规模的内幕买入,我们会更喜欢宁波华翔电子。在我们等待的同时,请查看这份免费名单,列出了最近有大量内幕买入的成长型公司。
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。