Investors One-year Losses Continue as Chengdu Galaxy MagnetsLtd (SZSE:300127) Dips a Further 8.8% This Week, Earnings Continue to Decline
Investors One-year Losses Continue as Chengdu Galaxy MagnetsLtd (SZSE:300127) Dips a Further 8.8% This Week, Earnings Continue to Decline
Most people feel a little frustrated if a stock they own goes down in price. But in the short term the market is a voting machine, and the share price movements may not reflect the underlying business performance. So while the Chengdu Galaxy Magnets Co.,Ltd. (SZSE:300127) share price is down 14% in the last year, the total return to shareholders (which includes dividends) was -12%. That's better than the market which declined 13% over the last year. Taking the longer term view, the stock fell 11% over the last three years. The share price has dropped 18% in three months.
如果他们拥有的股票价格下跌,大多数人会感到有些沮丧。但是在短期内,市场是一台投票机器,股价变动可能无法反映潜在的业务表现。因此,虽然成都银河磁业有限公司, Ltd.(深圳证券交易所股票代码:300127)的股价在去年下跌了14%,股东总回报率(包括股息)为-12%。这比去年下跌13%的市场要好。从长远来看,该股在过去三年中下跌了11%。股价在三个月内下跌了18%。
If the past week is anything to go by, investor sentiment for Chengdu Galaxy MagnetsLtd isn't positive, so let's see if there's a mismatch between fundamentals and the share price.
如果说过去一周有意义的话,投资者对成都银河磁业有限公司的情绪并不乐观,所以让我们看看基本面和股价之间是否存在不匹配的情况。
While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance. 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.
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。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。
Unfortunately Chengdu Galaxy MagnetsLtd reported an EPS drop of 1.8% for the last year. This reduction in EPS is not as bad as the 14% share price fall. Unsurprisingly, given the lack of EPS growth, the market seems to be more cautious about the stock.
不幸的是,成都银河磁业有限公司报告称,去年每股收益下降了1.8%。每股收益的下降没有股价下跌14%那么严重。毫不奇怪,鉴于每股收益缺乏增长,市场似乎对该股更加谨慎。
The image below shows how EPS has tracked over time (if you click on the image you can see greater detail).
下图显示了 EPS 在一段时间内的跟踪情况(如果你点击图片,你可以看到更多细节)。
![earnings-per-share-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240328/0-046199418d78c35c0c7db357d94081ca-0-38e031996cc380d5d723c787952d00ad.png/big)
Before buying or selling a stock, we always recommend a close examination of historic growth trends, available here.
在买入或卖出股票之前,我们始终建议仔细研究历史增长趋势,可在此处查阅。
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 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 Chengdu Galaxy MagnetsLtd, it has a TSR of -12% for the last 1 year. That exceeds its share price return that we previously mentioned. And there's no prize for guessing that the dividend payments largely explain the divergence!
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。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。就成都银河磁业有限公司而言,其过去一年的股东回报率为-12%。这超过了我们之前提到的其股价回报率。而且,猜测股息支付在很大程度上解释了这种分歧是没有好处的!
A Different Perspective
不同的视角
Chengdu Galaxy MagnetsLtd shareholders are down 12% over twelve months (even including dividends), which isn't far from the market return of -13%. The silver lining is that longer term investors would have made a total return of 3% per year over half a decade. If the stock price has been impacted by changing sentiment, rather than deteriorating business conditions, it could spell 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. For instance, we've identified 2 warning signs for Chengdu Galaxy MagnetsLtd that you should be aware of.
成都银河磁业有限公司的股东在十二个月内下跌了12%(甚至包括股息),这与-13%的市场回报率相差不远。一线希望是,长期投资者将在五年内获得每年3%的总回报。如果股价受到情绪变化的影响,而不是商业状况恶化,则可能意味着机会。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,我们已经确定了成都银河磁业有限公司的两个警告标志,你应该注意这些标志。
But note: Chengdu Galaxy MagnetsLtd may not be the best stock to buy. So take a peek at this free list of interesting companies with past earnings growth (and further growth forecast).
但请注意:成都银河磁业有限公司可能不是最好的买入股票。因此,来看看这份过去盈利增长(以及进一步增长预测)的有趣公司的免费清单。
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。