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Fufeng Group (HKG:546) Stock Performs Better Than Its Underlying Earnings Growth Over Last Three Years

Fufeng Group (HKG:546) Stock Performs Better Than Its Underlying Earnings Growth Over Last Three Years

富丰集团(HKG: 546)股票表现好于过去三年的基础收益增长
Simply Wall St ·  03/10 08:01

By buying an index fund, you can roughly match the market return with ease. But if you choose individual stocks with prowess, you can make superior returns. Just take a look at Fufeng Group Limited (HKG:546), which is up 47%, over three years, soundly beating the market decline of 35% (not including dividends). However, more recent returns haven't been as impressive as that, with the stock returning just 16% in the last year , including dividends .

通过购买指数基金,您可以轻松地大致匹配市场回报。但是,如果你选择有实力的个股,你可以获得丰厚的回报。看看富丰集团有限公司(HKG: 546),该公司在三年内上涨了47%,大大超过了35%的市场跌幅(不包括股息)。但是,最近的回报并不那么令人印象深刻,该股去年的回报率仅为16%,包括股息。

Since it's been a strong week for Fufeng Group shareholders, let's have a look at trend of the longer term fundamentals.

由于对富丰集团股东来说,这是强劲的一周,让我们来看看长期基本面的走势。

While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance. One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS).

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。研究市场情绪如何随着时间的推移而变化的一种方法是研究公司股价与其每股收益(EPS)之间的相互作用。

During three years of share price growth, Fufeng Group achieved compound earnings per share growth of 55% per year. This EPS growth is higher than the 14% average annual increase in the share price. So it seems investors have become more cautious about the company, over time. We'd venture the lowish P/E ratio of 3.39 also reflects the negative sentiment around the stock.

在三年的股价增长中,富丰集团实现了每年55%的复合每股收益增长。每股收益的增长高于股价年均增长14%。因此,随着时间的推移,投资者似乎对该公司变得更加谨慎了。我们认为,3.39的低市盈率也反映了该股的负面情绪。

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
SEHK:546 Earnings Per Share Growth March 10th 2024
SEHK: 546 每股收益增长 2024 年 3 月 10 日

It's probably worth noting we've seen significant insider buying in the last quarter, which we consider a positive. On the other hand, we think the revenue and earnings trends are much more meaningful measures of the business. It might be well worthwhile taking a look at our free report on Fufeng Group's earnings, revenue and cash flow.

可能值得注意的是,我们在上个季度看到了大量的内幕买盘,我们认为这是积极的。另一方面,我们认为收入和收益趋势是衡量业务的更有意义的指标。可能值得一看我们关于富丰集团收益、收入和现金流的免费报告。

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. In the case of Fufeng Group, it has a TSR of 99% for the last 3 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。以富丰集团为例,在过去三年中,其股东回报率为99%。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

It's good to see that Fufeng Group has rewarded shareholders with a total shareholder return of 16% in the last twelve months. Of course, that includes the dividend. That's better than the annualised return of 13% over half a decade, implying that the company is doing better recently. In the best case scenario, this may hint at some real business momentum, implying that now could be a great time to delve deeper. It's always interesting to track share price performance over the longer term. But to understand Fufeng Group better, we need to consider many other factors. Even so, be aware that Fufeng Group is showing 1 warning sign in our investment analysis , you should know about...

很高兴看到富丰集团在过去十二个月中向股东提供了16%的总股东回报率。当然,这包括股息。这比五年来13%的年化回报率要好,这意味着该公司最近的表现更好。在最好的情况下,这可能暗示着一些真正的业务势头,这意味着现在可能是深入研究的好时机。长期跟踪股价表现总是很有意思的。但是,为了更好地了解富丰集团,我们需要考虑许多其他因素。即便如此,请注意,富丰集团在我们的投资分析中显示了1个警告信号,您应该知道...

If you like to buy stocks alongside management, then you might just love this free list of companies. (Hint: insiders have been buying them).

如果你想与管理层一起购买股票,那么你可能会喜欢这份免费的公司名单。(提示:业内人士一直在购买它们)。

Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on Hong Kong exchanges.

请注意,本文引用的市场回报反映了目前在香港交易所交易的股票的市场加权平均回报。

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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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。

声明:本内容仅用作提供资讯及教育之目的,不构成对任何特定投资或投资策略的推荐或认可。 更多信息
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