Shanxi Coal International Energy GroupLtd's (SHSE:600546) 45% CAGR Outpaced the Company's Earnings Growth Over the Same Five-year Period
Shanxi Coal International Energy GroupLtd's (SHSE:600546) 45% CAGR Outpaced the Company's Earnings Growth Over the Same Five-year Period
We think all investors should try to buy and hold high quality multi-year winners. While not every stock performs well, when investors win, they can win big. To wit, the Shanxi Coal International Energy Group Co.,Ltd (SHSE:600546) share price has soared 412% over five years. This just goes to show the value creation that some businesses can achieve. In more good news, the share price has risen 14% in thirty days.
我们认为,所有投资者都应该尝试买入并持有高质量的多年期赢家。尽管并非每只股票都表现良好,但当投资者获胜时,他们可以大获全胜。也就是说,山西煤炭国际能源集团有限公司, Ltd(上海证券交易所代码:600546)的股价在五年内飙升了412%。这只是表明一些企业可以实现的价值创造。更多好消息是,股价在三十天内上涨了14%。
The past week has proven to be lucrative for Shanxi Coal International Energy GroupLtd investors, so let's see if fundamentals drove the company's five-year performance.
事实证明,过去一周对山西中煤国际能源集团有限公司的投资者来说是有利可图的,因此,让我们看看基本面是否推动了该公司的五年业绩。
There is no denying that markets are sometimes efficient, but prices do not always reflect 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.
不可否认,市场有时是有效的,但价格并不总是能反映潜在的业务表现。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。
Over half a decade, Shanxi Coal International Energy GroupLtd managed to grow its earnings per share at 57% a year. This EPS growth is higher than the 39% average annual increase in the share price. So one could conclude that the broader market has become more cautious towards the stock. The reasonably low P/E ratio of 6.72 also suggests market apprehension.
在过去的五年中,山西煤炭国际能源集团有限公司设法将其每股收益增长到每年57%。每股收益的增长高于股价平均年增长率39%。因此,人们可以得出结论,整个市场对该股变得更加谨慎。相当低的市盈率为6.72,也表明了市场的担忧。
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/7781/20240220/0-f0bed373be37f2a86066d00be1af82a6-0-02058f6d245582e8bcf1a2b2962b74d0.png/big)
It is of course excellent to see how Shanxi Coal International Energy GroupLtd has grown profits over the years, but the future is more important for shareholders. You can see how its balance sheet has strengthened (or weakened) over time in this free interactive graphic.
看到山西中煤国际能源集团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。您可以在这张免费的交互式图片中看到其资产负债表如何随着时间的推移而增强(或减弱)。
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 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. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. We note that for Shanxi Coal International Energy GroupLtd the TSR over the last 5 years was 547%, which is better than the share price return mentioned above. And there's no prize for guessing that the dividend payments largely explain the divergence!
除了衡量股价回报率外,投资者还应考虑股东总回报率(TSR)。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。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。我们注意到,山西中煤国际能源集团有限公司过去5年的股东总回报率为547%,好于上述股价回报率。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
It's nice to see that Shanxi Coal International Energy GroupLtd shareholders have received a total shareholder return of 35% over the last year. And that does include the dividend. However, the TSR over five years, coming in at 45% per year, is even more impressive. It's always interesting to track share price performance over the longer term. But to understand Shanxi Coal International Energy GroupLtd better, we need to consider many other factors. Case in point: We've spotted 1 warning sign for Shanxi Coal International Energy GroupLtd you should be aware of.
很高兴看到山西中煤国际能源集团有限公司的股东在过去一年中获得了35%的总股东回报率。这确实包括股息。但是,五年内的股东总回报率为每年45%,更加令人印象深刻。长期跟踪股价表现总是很有意思的。但是,要更好地了解山西煤炭国际能源集团有限公司,我们需要考虑许多其他因素。一个很好的例子:我们发现了山西中煤国际能源集团有限公司的一个警告信号,你应该注意。
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of companies we expect will grow earnings.
当然,通过寻找其他地方,你可能会找到一笔不错的投资。因此,请看一下我们预计收益将增加的这份免费公司名单。
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。