Jiangsu Etern (SHSE:600105) Shareholders Have Lost 40% Over 1 Year, Earnings Decline Likely the Culprit
Jiangsu Etern (SHSE:600105) Shareholders Have Lost 40% Over 1 Year, Earnings Decline Likely the Culprit
Investors can approximate the average market return by buying an index fund. But if you buy individual stocks, you can do both better or worse than that. Unfortunately the Jiangsu Etern Company Limited (SHSE:600105) share price slid 40% over twelve months. That's disappointing when you consider the market declined 12%. At least the damage isn't so bad if you look at the last three years, since the stock is down 7.2% in that time. Shareholders have had an even rougher run lately, with the share price down 27% in the last 90 days.
投资者可以通过购买指数基金来大致了解市场的平均回报。但如果购买个别股票,则可能会做得更好或更差。可惜,江苏永鼎股份有限公司(SHSE:600105)的股价在十二个月内下跌了40%。如果考虑到市场下跌了12%,这是令人失望的。至少,在过去三年中,如果您看到该股票下跌了7.2%,则损失并没有那么严重。股东们最近的运行甚至更加艰难,因为股价在过去90天内下跌了27%。
With the stock having lost 9.0% in the past week, it's worth taking a look at business performance and seeing if there's any red flags.
由于该股在过去一周中损失了9.0%,因此值得检查业务绩效并查看是否存在任何风险。
While Jiangsu Etern made a small profit, in the last year, we think that the market is probably more focussed on the top line growth at the moment. Generally speaking, we'd consider a stock like this alongside loss-making companies, simply because the quantum of the profit is so low. It would be hard to believe in a more profitable future without growing revenues.
虽然江苏永鼎在去年实现了小幅盈利,但我们认为市场现在可能更加关注业绩的增长。一般来说,我们将像这样的股票与亏损企业一起考虑,仅仅因为利润量如此之低。没有增长营业收入,很难相信未来会更有利可图。
In just one year Jiangsu Etern saw its revenue fall by 0.3%. That's not what investors generally want to see. The stock price has languished lately, falling 40% in a year. That seems pretty reasonable given the lack of both profits and revenue growth. It's hard to escape the conclusion that buyers must envision either growth down the track, cost cutting, or both.
仅在一年内,江苏永鼎的营业收入就下降了0.3%。这通常不是投资者想看到的。股价最近一直低迷,一年下跌了40%。考虑到缺乏利润和营收增长,这似乎相当合理。难以避免的结论是,买家必须预见未来的增长、成本削减或两者兼而有之。
The image below shows how earnings and revenue have tracked over time (if you click on the image you can see greater detail).
下图显示了收益和营收随时间变化的情况(如果你点击图像,可以看到更多细节):
![earnings-and-revenue-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240608/0-6111d0481a1232dd7cde1c7e6768f14f-0-5ebe6ba1e112e7e0c324ed84912f12d7.png/big)
It's probably worth noting that the CEO is paid less than the median at similar sized companies. But while CEO remuneration is always worth checking, the really important question is whether the company can grow earnings going forward. This free report showing analyst forecasts should help you form a view on Jiangsu Etern
值得注意的是,该公司的CEO的薪酬低于同等规模公司的中位数。但是,虽然CEO的报酬始终值得检查,但真正重要的问题是该公司将来是否能够增长利润。这份显示分析师预测的免费报告应该可以帮助您形成对江苏永鼎的看法。
A Different Perspective
不同的观点
We regret to report that Jiangsu Etern shareholders are down 40% for the year (even including dividends). Unfortunately, that's worse than the broader market decline of 12%. 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. Unfortunately, last year's performance may indicate unresolved challenges, given that it was worse than the annualised loss of 4% over the last half decade. We realise that Baron Rothschild has said investors should "buy when there is blood on the streets", but we caution that investors should first be sure they are buying a high quality business. 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. Take risks, for example - Jiangsu Etern has 4 warning signs (and 2 which are a bit unpleasant) we think you should know about.
不幸的是,江苏永鼎的股东在一年中下跌了40%(包括红利在内)。不幸的是,这比整个市场下跌的12%更糟糕。但是,股价可能仅受到更广泛市场的担忧影响。如果出现良机,可能值得密切关注基本面。不幸的是,去年的表现可能表明存在未解决的挑战,因为它比过去半个十年的年平均亏损4%还要糟糕。我们意识到巴伦·罗斯柴尔德曾说过,投资者应该“在街头满是鲜血时买入”,但我们提醒投资者应该先确定他们正在购买高质量的企业。虽然考虑市场条件对股价可能产生的不同影响很值得,但还有其他更重要的因素。例如,承担风险-江苏永鼎存在着4个警告信号(其中2个有点不愉快),我们认为您应该知道。
If you like to buy stocks alongside management, then you might just love this free list of companies. (Hint: many of them are unnoticed AND have attractive valuation).
如果您喜欢与管理层一起购买股票,那么您可能会喜欢这个公司的免费列表。 (提示:其中许多公司不为人注意且具有吸引力的估值。)
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上市的股票的市场加权平均回报。
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