TRS Information Technology (SZSE:300229) Investors Are up 26% in the Past Week, but Earnings Have Declined Over the Last Five Years
TRS Information Technology (SZSE:300229) Investors Are up 26% in the Past Week, but Earnings Have Declined Over the Last Five Years
While TRS Information Technology Co., Ltd. (SZSE:300229) shareholders are probably generally happy, the stock hasn't had particularly good run recently, with the share price falling 12% in the last quarter. But that doesn't change the fact that the returns over the last five years have been very strong. In fact, the share price is 117% higher today. Generally speaking the long term returns will give you a better idea of business quality than short periods can. The more important question is whether the stock is too cheap or too expensive today. Unfortunately not all shareholders will have held it for the long term, so spare a thought for those caught in the 35% decline over the last twelve months.
尽管TRS信息技术有限公司(深圳证券交易所股票代码:300229)的股东们可能普遍感到高兴,但该股最近的表现并不特别好,上个季度股价下跌了12%。但这并不能改变过去五年的回报非常强劲的事实。实际上,今天的股价上涨了117%。一般而言,与短期回报相比,长期回报将使您更好地了解业务质量。更重要的问题是今天的股票是太便宜还是太昂贵。不幸的是,并非所有股东都会长期持有该股票,因此请多考虑那些在过去十二个月中跌幅为35%的股东。
Since the stock has added CN¥2.5b to its market cap in the past week alone, let's see if underlying performance has been driving long-term returns.
由于该股仅在过去一周的市值就增加了25亿元人民币,因此让我们看看基础表现是否推动了长期回报。
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 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.
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。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。
During five years of share price growth, TRS Information Technology actually saw its EPS drop 22% per year.
在股价增长的五年中,TRS信息技术的每股收益实际上每年下降22%。
Essentially, it doesn't seem likely that investors are focused on EPS. Because earnings per share don't seem to match up with the share price, we'll take a look at other metrics instead.
从本质上讲,投资者似乎不太可能将注意力集中在每股收益上。由于每股收益似乎与股价不符,因此我们将改用其他指标。
The modest 0.3% dividend yield is unlikely to be propping up the share price. We are not particularly impressed by the annual compound revenue growth of 2.3% over five years. So it seems one might have to take closer look at earnings and revenue trends to see how they might influence the share price.
0.3%的适度股息收益率不太可能支撑股价。五年内2.3%的年复合收入增长并没有给我们留下特别深刻的印象。因此,看来人们可能必须仔细研究收益和收入趋势,以了解它们将如何影响股价。
The graphic below depicts how earnings and revenue have changed over time (unveil the exact values by clicking on the image).
下图描述了收入和收入随时间推移而发生的变化(点击图片即可显示确切的数值)。
![earnings-and-revenue-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240225/0-caa551c3242ef4bdd72810a4e1c94a18-0-b937b05001abbc98be84574992c012dc.png/big)
This free interactive report on TRS Information Technology'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TRS信息技术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?
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. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. In the case of TRS Information Technology, it has a TSR of 121% for the last 5 years. That exceeds its share price return that we previously mentioned. This is largely a result of its dividend payments!
除了衡量股价回报率外,投资者还应考虑股东总回报率(TSR)。股东总回报率包含任何分拆或贴现资本筹集的价值,以及任何股息,前提是股息是再投资的。可以说,股东总回报率更全面地描述了股票产生的回报。就TRS信息技术而言,在过去的5年中,其股东总回报率为121%。这超过了我们之前提到的其股价回报率。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 TRS Information Technology shareholders are down 35% for the year (even including dividends). Unfortunately, that's worse than the broader market decline of 17%. 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. Longer term investors wouldn't be so upset, since they would have made 17%, each year, over five years. If the fundamental data continues to indicate long term sustainable growth, the current sell-off could be an opportunity worth considering. It's always interesting to track share price performance over the longer term. But to understand TRS Information Technology better, we need to consider many other factors. To that end, you should learn about the 4 warning signs we've spotted with TRS Information Technology (including 1 which shouldn't be ignored) .
我们遗憾地报告,TRS信息技术股东今年下跌了35%(甚至包括股息)。不幸的是,这比整个市场17%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。长期投资者不会那么沮丧,因为他们本可以在五年内每年赚17%。如果基本面数据继续显示长期可持续增长,那么当前的抛售可能是一个值得考虑的机会。长期跟踪股价表现总是很有意思的。但是,要更好地了解TRS信息技术,我们需要考虑许多其他因素。为此,你应该了解我们在TRS信息技术中发现的4个警告信号(包括一个不容忽视的警告信号)。
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。