AVIC Shenyang Aircraft's (SHSE:600760) Investors Will Be Pleased With Their Splendid 130% Return Over the Last Five Years
AVIC Shenyang Aircraft's (SHSE:600760) Investors Will Be Pleased With Their Splendid 130% Return Over the Last Five Years
The worst result, after buying shares in a company (assuming no leverage), would be if you lose all the money you put in. But on a lighter note, a good company can see its share price rise well over 100%. Long term AVIC Shenyang Aircraft Company Limited (SHSE:600760) shareholders would be well aware of this, since the stock is up 125% in five years. We note the stock price is up 2.6% in the last seven days.
在购买公司股票(假设没有杠杆作用)之后,最糟糕的结果是你损失了所有投入的资金。但简而言之,一家好的公司的股价可以上涨超过100%。中航工业沈阳飞机有限公司(SHSE: 600760)的长期股东会意识到这一点,因为该股在五年内上涨了125%。我们注意到股价在过去七天中上涨了2.6%。
Now it's worth having a look at the company's fundamentals too, because that will help us determine if the long term shareholder return has matched the performance of the underlying business.
现在也值得一看公司的基本面,因为这将有助于我们确定长期股东回报是否与基础业务的表现相匹配。
While the efficient markets hypothesis continues to be taught by some, it has been proven that markets are over-reactive dynamic systems, and investors are not always rational. By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time.
尽管一些人继续教导高效市场假说,但事实证明,市场是反应过度的动态系统,投资者并不总是理性的。通过比较每股收益(EPS)和一段时间内的股价变化,我们可以了解投资者对公司的态度是如何随着时间的推移而变化的。
During five years of share price growth, AVIC Shenyang Aircraft achieved compound earnings per share (EPS) growth of 32% per year. The EPS growth is more impressive than the yearly share price gain of 18% over the same period. Therefore, it seems the market has become relatively pessimistic about the company.
在五年的股价增长中,中航工业沈阳飞机实现了每年32%的复合每股收益(EPS)增长。每股收益的增长比同期18%的年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).
下图描述了 EPS 随着时间的推移是如何变化的(点击图片可以看到确切的值)。
![earnings-per-share-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240226/0-09f4cbee9e26230b8e01891a6ca288e8-0-95e751595fb3bd06e5f09a699f579e61.png/big)
We're pleased to report that the CEO is remunerated more modestly than most CEOs at similarly capitalized companies. But while CEO remuneration is always worth checking, the really important question is whether the company can grow earnings going forward. This free interactive report on AVIC Shenyang Aircraft's earnings, revenue and cash flow is a great place to start, if you want to investigate the stock further.
我们很高兴地向大家报告,首席执行官的薪酬比资本相似公司的大多数首席执行官要适中。但是,尽管首席执行官的薪酬总是值得检查的,但真正重要的问题是公司未来能否增加收益。如果你想进一步调查该股,这份关于中航工业沈阳飞机收益、收入和现金流的免费互动报告是一个很好的起点。
What About Dividends?
分红呢?
When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. Whereas the share price return only reflects the change in the share price, the TSR includes the value of dividends (assuming they were reinvested) and the benefit of any discounted capital raising or spin-off. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. In the case of AVIC Shenyang Aircraft, it has a TSR of 130% for the last 5 years. That exceeds its share price return that we previously mentioned. 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 (TSR) 和 股价回报。尽管股价回报率仅反映股价的变化,但股东总回报率包括股息的价值(假设已进行再投资)以及任何折扣融资或分拆的收益。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。以中航工业沈阳飞机为例,在过去的5年中,其股东总回报率为130%。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
Although it hurts that AVIC Shenyang Aircraft returned a loss of 7.4% in the last twelve months, the broader market was actually worse, returning a loss of 17%. Of course, the long term returns are far more important and the good news is that over five years, the stock has returned 18% for each year. In the best case scenario the last year is just a temporary blip on the journey to a brighter future. I find it very interesting to look at share price over the long term as a proxy for business performance. But to truly gain insight, we need to consider other information, too. For instance, we've identified 1 warning sign for AVIC Shenyang Aircraft that you should be aware of.
尽管中航工业沈阳飞机在过去十二个月中回报了7.4%的亏损令人痛心,但整个市场实际上更糟,亏损了17%。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18%。在最好的情况下,去年只是通往更光明未来之旅中的一个暂时阶段。我发现将长期股价视为业务绩效的代表非常有趣。但是,要真正获得见解,我们还需要考虑其他信息。例如,我们已经确定了中航工业沈阳飞机的一个警告标志,你应该注意这一点。
But note: AVIC Shenyang Aircraft 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:中航工业沈阳飞机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。
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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。