The Five-year Shareholder Returns and Company Earnings Persist Lower as Tong Ren Tang Technologies (HKG:1666) Stock Falls a Further 6.9% in Past Week
The Five-year Shareholder Returns and Company Earnings Persist Lower as Tong Ren Tang Technologies (HKG:1666) Stock Falls a Further 6.9% in Past Week
For many, the main point of investing is to generate higher returns than the overall market. But the main game is to find enough winners to more than offset the losers So we wouldn't blame long term Tong Ren Tang Technologies Co. Ltd. (HKG:1666) shareholders for doubting their decision to hold, with the stock down 49% over a half decade. More recently, the share price has dropped a further 14% in a month. However, we note the price may have been impacted by the broader market, which is down 5.6% in the same time period.
对于许多人来说,投资的要点是产生比整个市场更高的回报。但是主要的游戏是找到足够的赢家来抵消输家。因此,从长远来看,我们不会责怪同仁堂科技公司。有限公司(HKG: 1666)股东对他们的持股决定表示怀疑,该股在五年内下跌了49%。最近,股价在一个月内又下跌了14%。但是,我们注意到价格可能受到大盘的影响,同期下跌了5.6%。
Given the past week has been tough on shareholders, let's investigate the fundamentals and see what we can learn.
鉴于过去一周对股东来说很艰难,让我们调查一下基本面,看看我们能学到什么。
View our latest analysis for Tong Ren Tang Technologies
查看我们对同仁堂科技的最新分析
To paraphrase Benjamin Graham: Over the short term the market is a voting machine, but over the long term it's a weighing machine. 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.
用本杰明·格雷厄姆的话来说:从短期来看,市场是一台投票机器,但从长远来看,它是一台称重机。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 the five years over which the share price declined, Tong Ren Tang Technologies' earnings per share (EPS) dropped by 1.5% each year. This reduction in EPS is less than the 13% annual reduction in the share price. This implies that the market is more cautious about the business these days. The less favorable sentiment is reflected in its current P/E ratio of 10.40.
在股价下跌的五年中,同仁堂科技的每股收益(EPS)每年下降1.5%。每股收益的下降幅度低于股价每年下降13%的幅度。这意味着当今市场对该业务更加谨慎。不太乐观的情绪反映在其目前的市盈率为10.40上。
The image below shows how EPS has tracked over time (if you click on the image you can see greater detail).
下图显示了 EPS 在一段时间内的跟踪情况(如果你点击图片,你可以看到更多细节)。
![earnings-per-share-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240201/0-243d6a224ef36b414e725bdb1799b581-0-73aa4b69f24f64852f5f7ff08a1d3a1d.png/big)
We know that Tong Ren Tang Technologies has improved its bottom line lately, but is it going to grow revenue? Check if analysts think Tong Ren Tang Technologies will grow revenue in the future.
我们知道同仁堂科技最近提高了利润,但它会增加收入吗?看看分析师是否认为同仁堂科技未来会增加收入。
What About Dividends?
分红呢?
As well as measuring the share price return, investors should also consider the total shareholder return (TSR). 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. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. As it happens, Tong Ren Tang Technologies' TSR for the last 5 years was -42%, which exceeds the share price return mentioned earlier. The dividends paid by the company have thusly boosted the total shareholder return.
除了衡量股价回报率外,投资者还应考虑股东总回报率(TSR)。基于股息再投资的假设,股东总回报率纳入了任何分拆或贴现资本筹集的价值以及任何股息。可以公平地说,股东总回报率为支付股息的股票提供了更完整的画面。碰巧的是,同仁堂科技过去5年的股东总回报率为-42%,超过了前面提到的股价回报率。因此,该公司支付的股息提高了 总 股东回报。
A Different Perspective
不同的视角
While it's certainly disappointing to see that Tong Ren Tang Technologies shares lost 1.5% throughout the year, that wasn't as bad as the market loss of 18%. Of far more concern is the 7% p.a. loss served to shareholders over the last five years. This sort of share price action isn't particularly encouraging, but at least the losses are slowing. Importantly, we haven't analysed Tong Ren Tang Technologies' dividend history. This free visual report on its dividends is a must-read if you're thinking of buying.
尽管看到同仁堂科技股价全年下跌1.5%确实令人失望,但这还不如18%的市场跌幅那么糟糕。更令人担忧的是,在过去五年中,股东每年的亏损为7%。这种股价走势并不特别令人鼓舞,但至少亏损正在放缓。重要的是,我们还没有分析同仁堂科技的股息历史。如果你想购买,这份关于其股息的免费可视化报告是必读的。
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of companies that have proven they can grow earnings.
如果你想看看另一家公司——一家财务状况可能优异的公司——那么千万不要错过这份已经证明自己可以增加收益的公司的免费名单。
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on Hong Kong exchanges.
请注意,本文引用的市场回报反映了目前在香港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。