Investors in Ningbo Sanxing Medical ElectricLtd (SHSE:601567) Have Seen Enviable Returns of 345% Over the Past Three Years
Investors in Ningbo Sanxing Medical ElectricLtd (SHSE:601567) Have Seen Enviable Returns of 345% Over the Past Three Years
During three years of share price growth, Ningbo Sanxing Medical ElectricLtd achieved compound earnings per share growth of 21% per year. In comparison, the 60% per year gain in the share price outpaces the EPS growth. This suggests that, as the business progressed over the last few years, it gained the confidence of market participants. That's not necessarily surprising considering the three-year track record of earnings growth. We think that it's fair to say that the possibility of finding fantastic multi-year winners is what motivates many investors. Mistakes are inevitable, but a single top stock pick can cover any losses, and so much more. One bright shining star stock has been Ningbo Sanxing Medical Electric Co.,Ltd. (SHSE:601567), which is 310% higher than three years ago. On top of that, the share price is up 39% in about a quarter.
我们认为，可以公平地说，找到优秀的多年期赢家的可能性是激励许多投资者的动力。错误是不可避免的，但是单一的顶级选股可以弥补任何损失，甚至更多。宁波三星医疗电气有限公司是一支闪亮的明星股票。, Ltd.（上海证券交易所代码：601567），比三年前增长了310％。最重要的是，股价在大约一个季度内上涨了39％。
So let's investigate and see if the longer term performance of the company has been in line with the underlying business' progress.
因此，让我们调查一下，看看公司的长期表现是否与基础业务的进展一致。
In his essay The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not always rationally reflect the value of a business. One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price.
在他的文章中 格雷厄姆和多兹维尔的超级投资者 沃伦·巴菲特描述了股价如何并不总是合理地反映企业的价值。评估公司情绪变化的一种有缺陷但合理的方法是将每股收益（EPS）与股价进行比较。
During three years of share price growth, Ningbo Sanxing Medical ElectricLtd achieved compound earnings per share growth of 21% per year. In comparison, the 60% per year gain in the share price outpaces the EPS growth. This suggests that, as the business progressed over the last few years, it gained the confidence of market participants. That's not necessarily surprising considering the three-year track record of earnings growth.
在三年的股价增长中，宁波三星医疗电气有限公司实现了每年21％的复合每股收益增长。相比之下，股价每年60％的涨幅超过了每股收益的增长。这表明，随着业务在过去几年中的发展，它赢得了市场参与者的信心。考虑到三年的收益增长记录，这并不一定令人惊讶。
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）。
We know that Ningbo Sanxing Medical ElectricLtd has improved its bottom line lately, but is it going to grow revenue? This free report showing analyst revenue forecasts should help you figure out if the EPS growth can be sustained.
我们知道宁波三星医疗电气有限公司最近提高了利润，但它会增加收入吗？这份显示分析师收入预测的免费报告应帮助您弄清楚每股收益的增长是否可以持续。
What About Dividends?
分红呢？
As well as measuring the share price return, investors should also consider the total shareholder return (TSR). 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. We note that for Ningbo Sanxing Medical ElectricLtd the TSR over the last 3 years was 345%, which is better than the share price return mentioned above. 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）。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。我们注意到，宁波三星医疗电气有限公司过去3年的股东总回报率为345％，好于上述股价回报率。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 Ningbo Sanxing Medical ElectricLtd has rewarded shareholders with a total shareholder return of 125% in the last twelve months. Of course, that includes the dividend. That gain is better than the annual TSR over five years, which is 35%. Therefore it seems like sentiment around the company has been positive lately. Given the share price momentum remains strong, it might be worth taking a closer look at the stock, lest you miss an opportunity. 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. Consider risks, for instance. Every company has them, and we've spotted 1 warning sign for Ningbo Sanxing Medical ElectricLtd you should know about.
很高兴看到宁波三星医疗电气有限公司在过去十二个月中向股东提供了125％的总股东回报率。当然，这包括股息。这一增幅好于五年内的年度股东总回报率，即35％。因此，最近公司周围的情绪似乎一直很乐观。鉴于股价势头仍然强劲，可能值得仔细研究该股，以免错过机会。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。例如，考虑风险。每家公司都有它们，我们发现了你应该知道的宁波三星医疗电气有限公司的1个警告标志。
Of course Ningbo Sanxing Medical ElectricLtd may not be the best stock to buy. So you may wish to see this free collection of growth stocks.
当然，宁波三星医疗电气有限公司可能不是最好的买入股票。因此，您可能希望看到这批免费的成长股。
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。
