Shanghai Huayi Group's (SHSE:600623) Earnings Trajectory Could Turn Positive as the Stock Rallies 3.3% This Past Week
Shanghai Huayi Group's (SHSE:600623) Earnings Trajectory Could Turn Positive as the Stock Rallies 3.3% This Past Week
The main aim of stock picking is to find the market-beating stocks. But even the best stock picker will only win with some selections. So we wouldn't blame long term Shanghai Huayi Group Corporation Limited (SHSE:600623) shareholders for doubting their decision to hold, with the stock down 32% over a half decade.
选股的主要目的是找到击败市场的股票。但是,即使是最好的选股者也只能通过以下方式获胜 一些 选择。因此,我们不会责怪上海华谊集团有限公司(SHSE: 600623)的长期股东对他们的持股决定表示怀疑,该股在五年内下跌了32%。
Although the past week has been more reassuring for shareholders, they're still in the red over the last five years, so let's see if the underlying business has been responsible for the decline.
尽管过去一周令股东更加放心,但在过去五年中,他们仍处于亏损状态,所以让我们看看基础业务是否是造成下降的原因。
While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance. 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.
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。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。
Looking back five years, both Shanghai Huayi Group's share price and EPS declined; the latter at a rate of 16% per year. This fall in the EPS is worse than the 8% compound annual share price fall. The relatively muted share price reaction might be because the market expects the business to turn around.
回顾五年,上海华谊集团的股价和每股收益均有所下降;后者每年下降16%。每股收益的下降比8%的复合年股价下跌还要严重。股价反应相对平淡,可能是因为市场预计业务将好转。
You can see how EPS has changed over time in the image below (click on the chart to see the exact values).
您可以在下图中看到 EPS 随时间推移的变化(点击图表查看确切值)。
![earnings-per-share-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240321/0-90835edb31d9183a84df67ca18b87032-0-790c59c7bdeddcda4c52c70e34cfe76b.png/big)
It might be well worthwhile taking a look at our free report on Shanghai Huayi Group's earnings, revenue and cash flow.
可能值得一看我们关于上海华谊集团收益、收入和现金流的免费报告。
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. As it happens, Shanghai Huayi Group's TSR for the last 5 years was -22%, which exceeds the share price return mentioned earlier. 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。碰巧的是,上海华谊集团过去5年的股东总回报率为-22%,超过了前面提到的股价回报率。这在很大程度上是其股息支付的结果!
A Different Perspective
不同的视角
While it's never nice to take a loss, Shanghai Huayi Group shareholders can take comfort that , including dividends,their trailing twelve month loss of 6.7% wasn't as bad as the market loss of around 11%. Unfortunately, last year's performance may indicate unresolved challenges, given that it's worse than the annualised loss of 4% over the last half decade. While some investors do well specializing in buying companies that are struggling (but nonetheless undervalued), don't forget that Buffett said that 'turnarounds seldom turn'. While it is well worth considering the different impacts that market conditions can have on the share price, there are other factors that are even more important. Even so, be aware that Shanghai Huayi Group is showing 3 warning signs in our investment analysis , you should know about...
尽管亏损从来都不是一件好事,但上海华谊集团的股东可以放心,包括股息在内,他们过去十二个月的6.7%的亏损没有11%左右的市场亏损那么严重。不幸的是,去年的表现可能预示着尚未解决的挑战,因为它比过去五年中4%的年化亏损还要糟糕。尽管一些投资者在专门收购陷入困境(但仍被低估)的公司方面表现良好,但不要忘记巴菲特说过 “转机很少会转机”。尽管市场状况可能对股价产生的不同影响值得考虑,但还有其他因素更为重要。即便如此,请注意,上海华谊集团在我们的投资分析中显示出3个警告信号,您应该知道...
We will like Shanghai Huayi Group better if we see some big insider buys. While we wait, check out this free list of growing companies with considerable, recent, insider buying.
如果我们看到一些大规模的内幕收购,我们会更喜欢上海华谊集团。在我们等待的同时,请查看这份免费清单,列出了最近有大量内幕收购的成长型公司。
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。
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.
对这篇文章有反馈吗?对内容感到担忧?直接联系我们。 或者,给编辑团队 (at) simplywallst.com 发送电子邮件。
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。