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CSG Holding (SZSE:000012) Shareholders Have Endured a 17% Loss From Investing in the Stock a Year Ago

CSG Holding (SZSE:000012) Shareholders Have Endured a 17% Loss From Investing in the Stock a Year Ago

南玻控股(深圳证券交易所:000012)股东一年前因投资该股而遭受了17%的亏损
Simply Wall St ·  03/26 21:17

You can invest in an index fund if you want to make sure your returns approximately match the overall market. But in any given year a good portion of stocks will fall short of that. One such example is CSG Holding Co., Ltd. (SZSE:000012), which saw its share price fall 19% over a year, against a market decline of 14%. At least the damage isn't so bad if you look at the last three years, since the stock is down 12% in that time.

如果你想确保你的回报与整个市场大致相匹配,你可以投资指数基金。但是在任何一年中,很大一部分股票都将低于这个水平。南玻集团控股有限公司(深圳证券交易所:000012)就是这样一个例子,该公司的股价在一年内下跌了19%,而市场下跌了14%。如果你看一下过去三年,至少损失还不错,因为当时该股下跌了12%。

Now let's have a look at the company's fundamentals, and see if the long term shareholder return has matched the performance of the underlying business.

现在让我们来看看公司的基本面,看看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. One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement.

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。考虑市场对公司的看法发生了怎样的变化的一种不完美但简单的方法是将每股收益(EPS)的变化与股价走势进行比较。

Even though the CSG Holding share price is down over the year, its EPS actually improved. Of course, the situation might betray previous over-optimism about growth.

尽管CSG Holding的股价在过去一年中有所下降,但其每股收益实际上有所改善。当然,这种情况可能会暴露先前对增长的过度乐观。

It's fair to say that the share price does not seem to be reflecting the EPS growth. But we might find some different metrics explain the share price movements better.

可以公平地说,股价似乎并未反映每股收益的增长。但是我们可能会发现一些不同的指标可以更好地解释股价走势。

CSG Holding managed to grow revenue over the last year, which is usually a real positive. Since we can't easily explain the share price movement based on these metrics, it might be worth considering how market sentiment has changed towards the stock.

CSG Holding在过去一年中成功实现了收入增长,这通常是一个真正的积极因素。由于我们无法根据这些指标轻松解释股价走势,因此可能值得考虑市场对该股的情绪发生了怎样的变化。

You can see how earnings and revenue have 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收入和收入随时间推移而发生的变化(点击图表查看确切值)。

earnings-and-revenue-growth
SZSE:000012 Earnings and Revenue Growth March 27th 2024
SZSE:000012 收益和收入增长 2024 年 3 月 27 日

We know that CSG Holding has improved its bottom line over the last three years, but what does the future have in store? If you are thinking of buying or selling CSG Holding stock, you should check out this FREE detailed report on its balance sheet.

我们知道CSG Holding在过去三年中提高了利润,但是未来会怎样?如果您正在考虑买入或卖出CSG Holding的股票,则应在其资产负债表上查看这份免费的详细报告。

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. 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. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. As it happens, CSG Holding's TSR for the last 1 year was -17%, which exceeds the share price return mentioned earlier. The dividends paid by the company have thusly boosted the total shareholder return.

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。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。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。碰巧的是,CSG控股过去1年的股东总回报率为-17%,超过了前面提到的股价回报率。因此,该公司支付的股息提高了 股东回报。

A Different Perspective

不同的视角

While the broader market lost about 14% in the twelve months, CSG Holding shareholders did even worse, losing 17% (even including dividends). 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 3%, 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. 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. Case in point: We've spotted 2 warning signs for CSG Holding you should be aware of, and 1 of them is significant.

尽管整个市场在十二个月中下跌了约14%,但CSG Holding股东的表现甚至更糟,损失了17%(甚至包括股息)。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3%。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。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。一个很好的例子:我们发现了你应该注意的两个CSG Holding警告信号,其中一个信号很重要。

We will like CSG Holding 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CSG Holding。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。

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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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