Anhui Honglu Steel Construction(Group)'s (SZSE:002541) 23% CAGR Outpaced the Company's Earnings Growth Over the Same Five-year Period
Anhui Honglu Steel Construction(Group)'s (SZSE:002541) 23% CAGR Outpaced the Company's Earnings Growth Over the Same Five-year Period
While Anhui Honglu Steel Construction(Group) CO., LTD (SZSE:002541) shareholders are probably generally happy, the stock hasn't had particularly good run recently, with the share price falling 28% in the last quarter. But that doesn't change the fact that shareholders have received really good returns over the last five years. We think most investors would be happy with the 177% return, over that period. So while it's never fun to see a share price fall, it's important to look at a longer time horizon. Only time will tell if there is still too much optimism currently reflected in the share price. While the long term returns are impressive, we do have some sympathy for those who bought more recently, given the 50% drop, in the last year.
尽管安徽宏路钢铁建设(集团)有限公司(深圳证券交易所:002541)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28%。但这并不能改变股东在过去五年中获得了非常不错的回报的事实。我们认为,在此期间,大多数投资者会对177%的回报感到满意。因此,尽管看到股价下跌从来都不是一件好事,但重要的是要着眼于更长的时间跨度。只有时间才能证明目前股价中是否还反映出过多的乐观情绪。尽管长期回报令人印象深刻,但鉴于去年下降了50%,我们对最近买入的人有些同情。
On the back of a solid 7-day performance, let's check what role the company's fundamentals have played in driving long term shareholder returns.
在连续7天表现稳健的背景下,让我们来看看公司的基本面在推动长期股东回报方面发挥了什么作用。
To quote Buffett, 'Ships will sail around the world but the Flat Earth Society will flourish. There will continue to be wide discrepancies between price and value in the marketplace...' 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.
引用巴菲特的话说:“船只将在世界各地航行,但Flat Earth Society将蓬勃发展。市场上的价格和价值之间将继续存在巨大差异...”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。
Over half a decade, Anhui Honglu Steel Construction(Group) managed to grow its earnings per share at 26% a year. This EPS growth is reasonably close to the 23% average annual increase in the share price. Therefore one could conclude that sentiment towards the shares hasn't morphed very much. In fact, the share price seems to largely reflect the EPS growth.
在过去的五年中,安徽宏路钢构(集团)设法将每股收益增长到每年26%。每股收益的增长相当接近股价年均增长23%。因此,人们可以得出结论,对股票的情绪并没有太大变化。实际上,股价似乎在很大程度上反映了每股收益的增长。
You can see below how EPS has changed over time (discover the exact values by clicking on the image).
你可以在下面看到 EPS 是如何随着时间的推移而变化的(点击图片发现确切的值)。
![earnings-per-share-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240227/0-38793643ae371035874755af0c9cefed-0-c0384cf6a77163305f81b795c8288ac8.png/big)
It's probably worth noting that the CEO is paid less than the median at similar sized companies. But while CEO remuneration is always worth checking, the really important question is whether the company can grow earnings going forward. It might be well worthwhile taking a look at our free report on Anhui Honglu Steel Construction(Group)'s earnings, revenue and cash flow.
可能值得注意的是,首席执行官的薪水低于类似规模公司的中位数。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。也许值得一看我们关于安徽宏路钢建(集团)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. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. In the case of Anhui Honglu Steel Construction(Group), it has a TSR of 187% for the last 5 years. That exceeds its share price return that we previously mentioned. This is largely a result of its dividend payments!
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。因此,对于支付丰厚股息的公司来说,股东总回报率通常远高于股价回报率。以安徽宏路钢构(集团)为例,其过去5年的股东总回报率为187%。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 Anhui Honglu Steel Construction(Group) shareholders are down 49% for the year (even including dividends). Unfortunately, that's worse than the broader market decline of 17%. Having said that, it's inevitable that some stocks will be oversold in a falling market. The key is to keep your eyes on the fundamental developments. On the bright side, long term shareholders have made money, with a gain of 23% per year over half a decade. If the fundamental data continues to indicate long term sustainable growth, the current sell-off could be an opportunity worth considering. 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 3 warning signs for Anhui Honglu Steel Construction(Group) (1 makes us a bit uncomfortable) that you should be aware of.
我们遗憾地报告,安徽宏路钢建(集团)的股东今年下跌了49%(甚至包括股息)。不幸的是,这比整个市场17%的跌幅还要严重。话虽如此,在下跌的市场中,一些股票不可避免地会被超卖。关键是要密切关注基本发展。好的一面是,长期股东赚了钱,在过去的五年中,每年增长23%。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。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,我们已经确定了安徽宏路钢建(集团)的3个警告标志(1个让我们有点不舒服),你应该注意这些标志。
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。