Optimism Around Jiuzhitang (SZSE:000989) Delivering New Earnings Growth May Be Shrinking as Stock Declines 6.4% This Past Week
Optimism Around Jiuzhitang (SZSE:000989) Delivering New Earnings Growth May Be Shrinking as Stock Declines 6.4% This Past Week
Most people feel a little frustrated if a stock they own goes down in price. But often it is not a reflection of the fundamental business performance. So while the Jiuzhitang Co., Ltd. (SZSE:000989) share price is down 12% in the last year, the total return to shareholders (which includes dividends) was -9.6%. That's better than the market which declined 24% over the last year. The silver lining (for longer term investors) is that the stock is still 6.2% higher than it was three years ago. The share price has dropped 22% in three months. However, one could argue that the price has been influenced by the general market, which is down 14% in the same timeframe.
如果他们拥有的股票价格下跌,大多数人会感到有些沮丧。但是,它往往不能反映基本的业务业绩。因此,尽管九芝堂股份有限公司(深圳证券交易所代码:000989)的股价在去年下跌了12%,但股东总回报率(包括股息)为-9.6%。这比去年下跌24%的市场要好。(对于长期投资者而言)的一线希望是,该股仍比三年前高出6.2%。股价在三个月内下跌了22%。但是,有人可能会争辩说,价格受到了大盘的影响,同期股价下跌了14%。
After losing 6.4% this past week, it's worth investigating the company's fundamentals to see what we can infer from past performance.
在上周下跌6.4%之后,值得调查该公司的基本面,看看我们可以从过去的表现中推断出什么。
View our latest analysis for Jiuzhitang
查看我们对九芝堂的最新分析
While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance. 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.
虽然市场是一种强大的定价机制,但股价反映了投资者的情绪,而不仅仅是潜在的业务表现。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。
Unfortunately Jiuzhitang reported an EPS drop of 34% for the last year. The share price fall of 12% isn't as bad as the reduction in earnings per share. It may have been that the weak EPS was not as bad as some had feared.
不幸的是,九芝堂报告称,去年的每股收益下降了34%。股价下跌12%还不如每股收益的下降那么糟糕。疲软的每股收益可能没有某些人所担心的那么糟糕。
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/7781/20240201/0-321b99d0a9c2e64d17afa7948bc0fd8d-0-7ec41b52a2bae491dda73502ad4fa9ae.png/big)
It might be well worthwhile taking a look at our free report on Jiuzhitang's earnings, revenue and cash flow.
可能值得一看我们关于九芝堂收益、收入和现金流的免费报告。
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. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. As it happens, Jiuzhitang's TSR for the last 1 year was -9.6%, which exceeds the share price return mentioned earlier. And there's no prize for guessing that the dividend payments largely explain the divergence!
重要的是要考虑任何给定股票的股东总回报率和股价回报率。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。可以说,股东总回报率更全面地描述了股票产生的回报。碰巧的是,九芝堂过去1年的股东总回报率为-9.6%,超过了前面提到的股价回报率。而且,猜测股息支付在很大程度上解释了这种分歧是没有好处的!
A Different Perspective
不同的视角
While it's never nice to take a loss, Jiuzhitang shareholders can take comfort that , including dividends,their trailing twelve month loss of 9.6% wasn't as bad as the market loss of around 24%. Of course, the long term returns are far more important and the good news is that over five years, the stock has returned 1.9% for each year. It could be that the business is just facing some short term problems, but shareholders should keep a close eye on the fundamentals. 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. Even so, be aware that Jiuzhitang is showing 2 warning signs in our investment analysis , and 1 of those is a bit concerning...
尽管亏损从来都不是一件好事,但九芝堂的股东可以放心,包括股息在内,他们过去十二个月的9.6%的亏损还不如市场损失约24%那么严重。当然,长期回报要重要得多,好消息是,在过去的五年中,该股每年的回报率为1.9%。可能是该企业正面临一些短期问题,但股东应密切关注基本面。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。即便如此,请注意,九芝堂在我们的投资分析中显示出两个警告信号,其中一个有点令人担忧...
Of course Jiuzhitang may not be the best stock to buy. So you may wish to see this free collection of growth stocks.
当然,九芝堂可能不是最好的买入股票。因此,您可能希望看到这批免费的成长股。
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。