Despite the Downward Trend in Earnings at Beyondsoft (SZSE:002649) the Stock Increases 6.7%, Bringing Five-year Gains to 84%
Despite the Downward Trend in Earnings at Beyondsoft (SZSE:002649) the Stock Increases 6.7%, Bringing Five-year Gains to 84%
When we invest, we're generally looking for stocks that outperform the market average. Buying under-rated businesses is one path to excess returns. For example, long term Beyondsoft Corporation (SZSE:002649) shareholders have enjoyed a 69% share price rise over the last half decade, well in excess of the market return of around 32% (not including dividends). On the other hand, the more recent gains haven't been so impressive, with shareholders gaining just 23% , including dividends .
当我们投资时,我们通常在寻找表现优于市场平均水平的股票。收购被低估的企业是获得超额回报的途径之一。例如,在过去的五年中,Beyondsoft Corporation(SZSE:002649)的长期股东的股价上涨了69%,远远超过了约32%的市场回报率(不包括股息)。另一方面,最近的涨幅并不那么令人印象深刻,包括股息在内的股东仅获得23%的收益。
After a strong gain in the past week, it's worth seeing if longer term returns have been driven by improving fundamentals.
在过去一周强劲上涨之后,值得一看的是长期回报是否是由基本面改善推动的。
View our latest analysis for Beyondsoft
查看我们对 Beyondsoft 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。
Beyondsoft's earnings per share are down 2.9% per year, despite strong share price performance over five years.
尽管五年来股价表现强劲,但Beyondsoft的每股收益每年下降2.9%。
By glancing at these numbers, we'd posit that the decline in earnings per share is not representative of how the business has changed over the years. Therefore, it's worth taking a look at other metrics to try to understand the share price movements.
通过浏览这些数字,我们可以假设每股收益的下降并不能代表业务多年来的变化。因此,值得一看其他指标,以了解股价走势。
We doubt the modest 1.6% dividend yield is attracting many buyers to the stock. In contrast revenue growth of 18% per year is probably viewed as evidence that Beyondsoft is growing, a real positive. It's quite possible that management are prioritizing revenue growth over EPS growth at the moment.
我们怀疑适度的1.6%的股息收益率是否会吸引许多买家购买该股。相比之下,每年18%的收入增长可能被视为Beyondsoft正在增长的证据,这确实是一个积极的因素。目前,管理层很有可能将收入增长置于每股收益增长之上。
You can see how earnings and revenue have 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收入和收入随时间推移而发生的变化(点击图表查看确切值)。
![earnings-and-revenue-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20231213/0-396de5c3547d8265c3980b1b7188f9d9-0-779ab4106d57cea85b56bd22b4237bbb.png/big)
This free interactive report on Beyondsoft's balance sheet strength 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Beyondsoft资产负债表实力的免费互动报告是一个不错的起点。
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 Beyondsoft, it has a TSR of 84% for the last 5 years. That exceeds its share price return that we previously mentioned. This is largely a result of its dividend payments!
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Beyondsoft而言,它在过去5年的股东总回报率为84%。这超过了我们之前提到的股价回报率。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 Beyondsoft shareholders have received a total shareholder return of 23% over one year. Of course, that includes the dividend. Since the one-year TSR is better than the five-year TSR (the latter coming in at 13% per year), it would seem that the stock's performance has improved in recent times. Given the share price momentum remains strong, it might be worth taking a closer look at the stock, lest you miss an 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. To that end, you should be aware of the 2 warning signs we've spotted with Beyondsoft .
我们很高兴地向大家报告,Beyondsoft的股东在一年内获得了23%的股东总回报率。当然,这包括分红。由于一年期股东总回报率好于五年期股东总回报(后者为每年13%),该股的表现似乎在最近有所改善。鉴于股价势头仍然强劲,可能值得仔细研究该股,以免错过机会。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。为此,你应该注意我们在Beyondsoft上发现的两个警告信号。
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。
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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。