Hubei Zhenhua ChemicalLtd's (SHSE:603067) 14% CAGR Outpaced the Company's Earnings Growth Over the Same Five-year Period
Hubei Zhenhua ChemicalLtd's (SHSE:603067) 14% CAGR Outpaced the Company's Earnings Growth Over the Same Five-year Period
Stock pickers are generally looking for stocks that will outperform the broader market. And while active stock picking involves risks (and requires diversification) it can also provide excess returns. To wit, the Hubei Zhenhua ChemicalLtd share price has climbed 79% in five years, easily topping the market return of 33% (ignoring dividends).
选股者通常在寻找表现优于大盘的股票。而且,尽管主动选股涉及风险(并且需要分散投资),但它也可以提供超额回报。换句话说,湖北振华化工有限公司的股价在五年内上涨了79%,轻松超过了33%的市场回报率(不计股息)。
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 Hubei Zhenhua ChemicalLtd
查看我们对湖北振华化工有限公司的最新分析
There is no denying that markets are sometimes efficient, but prices do not always reflect underlying business performance. 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.
不可否认的是,市场有时是有效的,但价格并不总是能反映基本的业务表现。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。
Over half a decade, Hubei Zhenhua ChemicalLtd managed to grow its earnings per share at 15% a year. The EPS growth is more impressive than the yearly share price gain of 12% over the same period. Therefore, it seems the market has become relatively pessimistic about the company.
在过去的五年中,湖北振华化工有限公司设法将每股收益增长到每年15%。每股收益的增长比同期12%的年度股价增长更令人印象深刻。因此,市场似乎对该公司变得相对悲观。
The graphic below depicts how EPS has changed over time (unveil the exact values by clicking on the image).
下图描绘了 EPS 随着时间的推移而发生的变化(点击图片显示确切的数值)。
![earnings-per-share-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240103/0-b4aded6344d1eef718da4fd4694b0be1-0-25926176b8d45e915bf9480bee61929b.png/big)
It is of course excellent to see how Hubei Zhenhua ChemicalLtd has grown profits over the years, but the future is more important for shareholders. This free interactive report on Hubei Zhenhua ChemicalLtd's balance sheet strength is a great place to start, if you want to investigate the stock further.
看到湖北振华化工有限公司多年来如何实现利润增长当然是件好事,但未来对股东来说更为重要。如果你想进一步调查该股,这份关于湖北振华化工股份有限公司资产负债表实力的免费互动报告是一个很好的起点。
What About Dividends?
那股息呢?
When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. 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 Hubei Zhenhua ChemicalLtd the TSR over the last 5 years was 92%, which is better than the share price return mentioned above. 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 股东总回报率 (TSR) 和 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都经过再投资)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率。我们注意到,湖北振华化工有限公司过去5年的股东总回报率为92%,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
We regret to report that Hubei Zhenhua ChemicalLtd shareholders are down 21% for the year (even including dividends). Unfortunately, that's worse than the broader market decline of 6.5%. 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. On the bright side, long term shareholders have made money, with a gain of 14% per year over half a decade. It could be that the recent sell-off is an opportunity, so it may be worth checking the fundamental data for signs of a long term growth trend. 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 Hubei Zhenhua ChemicalLtd you should know about.
我们遗憾地报告,湖北振华化工有限公司的股东今年下跌了21%(甚至包括股息)。不幸的是,这比整个市场6.5%的跌幅还要严重。但是,可能只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。好的一面是,长期股东赚了钱,在过去的五年中,每年增长14%。最近的抛售可能是一个机会,因此可能值得查看基本面数据以寻找长期增长趋势的迹象。尽管市场状况可能对股价产生的不同影响值得考虑,但还有其他因素更为重要。例如,考虑风险。每家公司都有它们,我们发现了一个你应该知道的湖北振华化工有限公司的警告标志。
But note: Hubei Zhenhua ChemicalLtd may not be the best stock to buy. So take a peek at this free list of interesting companies with past earnings growth (and further growth forecast).
但请注意:湖北振华化工有限公司可能不是最好的买入股票。因此,来看看这份过去盈利增长(以及进一步增长预测)的有趣公司的免费清单。
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率。
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提供基于历史数据和分析师预测的评论,我们的文章并非旨在提供财务建议。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,我们的分析可能不会考虑最新的价格敏感型公司公告或定性材料。华尔街只是没有持有上述任何股票的头寸。