Investors in Guangxi LiuYao Group (SHSE:603368) Have Seen Returns of 1.5% Over the Past Five Years
Investors in Guangxi LiuYao Group (SHSE:603368) Have Seen Returns of 1.5% Over the Past Five Years
Guangxi LiuYao Group Co., Ltd (SHSE:603368) shareholders will doubtless be very grateful to see the share price up 41% in the last quarter. But if you look at the last five years the returns have not been good. After all, the share price is down 10% in that time, significantly under-performing the market.
广西六耀集团股份有限公司(上海证券交易所股票代码:603368)股东们无疑将非常感激地看到上个季度股价上涨了41%。但是,如果你看看过去的五年,回报并不理想。毕竟,当时股价下跌了10%,表现大大低于市场。
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。
There is no denying that markets are sometimes efficient, but prices do not always reflect 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).
不可否认,市场有时是有效的,但价格并不总是能反映潜在的业务表现。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 the unfortunate half decade during which the share price slipped, Guangxi LiuYao Group actually saw its earnings per share (EPS) improve by 7.2% per year. Given the share price reaction, one might suspect that EPS is not a good guide to the business performance during the period (perhaps due to a one-off loss or gain). Or possibly, the market was previously very optimistic, so the stock has disappointed, despite improving EPS.
在股价下滑的不幸五年中,广西六耀集团的每股收益(EPS)实际上每年增长7.2%。鉴于股价的反应,人们可能会怀疑每股收益并不能很好地指导该期间的业务表现(可能是由于一次性的亏损或收益)。或者,市场此前可能非常乐观,因此尽管每股收益有所改善,但该股还是令人失望。
It's strange to see such muted share price performance despite sustained growth. Perhaps a clue lies in other metrics.
尽管持续增长,但看到股价表现如此低迷真是太奇怪了。也许线索在于其他指标。
In contrast to the share price, revenue has actually increased by 9.5% a year in the five year period. A more detailed examination of the revenue and earnings may or may not explain why the share price languishes; there could be an opportunity.
与股价形成鲜明对比的是,在五年期间,收入实际上每年增长9.5%。对收入和收益进行更详细的审查可能会也可能无法解释股价下跌的原因;可能有机会。
You can see below how earnings and revenue have changed over time (discover the exact values by clicking on the image).
您可以在下面看到收入和收入如何随着时间的推移而变化(点击图片了解确切的值)。
![earnings-and-revenue-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240504/0-490458cf499cfaeda65b8a8041a74e10-0-f0c5e91f5ad7747b7bd9765a0f722f4b.png/big)
We know that Guangxi LiuYao Group has improved its bottom line lately, but what does the future have in store? So it makes a lot of sense to check out what analysts think Guangxi LiuYao Group will earn in the future (free profit forecasts).
我们知道广西六耀集团最近提高了利润,但是未来会怎样?因此,看看分析师认为广西六耀集团未来的收入(自由利润预测)很有意义。
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. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. In the case of Guangxi LiuYao Group, it has a TSR of 1.5% for the last 5 years. That exceeds its share price return that we previously mentioned. 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。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。以广西六耀集团为例,其在过去5年的股东回报率为1.5%。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
While it's never nice to take a loss, Guangxi LiuYao Group shareholders can take comfort that , including dividends,their trailing twelve month loss of 3.5% wasn't as bad as the market loss of around 12%. Of course, the long term returns are far more important and the good news is that over five years, the stock has returned 0.3% for each year. In the best case scenario the last year is just a temporary blip on the journey to a brighter future. I find it very interesting to look at share price over the long term as a proxy for business performance. But to truly gain insight, we need to consider other information, too. Like risks, for instance. Every company has them, and we've spotted 3 warning signs for Guangxi LiuYao Group (of which 1 makes us a bit uncomfortable!) you should know about.
尽管亏损从来都不是一件好事,但广西六耀集团的股东可以放心,包括股息在内,他们过去十二个月的3.5%亏损没有市场损失约12%那么严重。当然,长期回报要重要得多,好消息是,在过去的五年中,该股每年的回报率为0.3%。在最好的情况下,去年只是通往更光明未来之旅中的一个暂时阶段。我发现将长期股价视为业务绩效的代表非常有趣。但是,要真正获得见解,我们还需要考虑其他信息。比如风险。每家公司都有它们,我们已经发现了广西六耀集团的3个警告标志(其中1个让我们有点不舒服!)你应该知道。
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of companies we expect will grow earnings.
当然,通过寻找其他地方,你可能会找到一笔不错的投资。因此,请看一下我们预计收益将增加的这份免费公司名单。
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。