Despite Lower Earnings Than Five Years Ago, Hunan Goke MicroelectronicsLtd (SZSE:300672) Investors Are up 82% Since Then
Despite Lower Earnings Than Five Years Ago, Hunan Goke MicroelectronicsLtd (SZSE:300672) Investors Are up 82% Since Then
Stock pickers are generally looking for stocks that will outperform the broader market. And the truth is, you can make significant gains if you buy good quality businesses at the right price. For example, long term Hunan Goke Microelectronics Co.,Ltd. (SZSE:300672) shareholders have enjoyed a 79% share price rise over the last half decade, well in excess of the market return of around 4.9% (not including dividends).
选股者通常在寻找表现优于大盘的股票。事实是,如果你以合适的价格购买高质量的企业,你可以获得可观的收益。例如,长期来看,湖南国科微电子有限公司, Ltd.(深圳证券交易所代码:300672)的股东在过去五年中股价上涨了79%,远远超过了约4.9%(不包括股息)的市场回报率。
While the stock has fallen 3.2% this week, it's worth focusing on the longer term and seeing if the stocks historical returns have been driven by the underlying fundamentals.
尽管该股本周下跌了3.2%,但值得关注长期来看,看看该股的历史回报是否是由基础基本面推动的。
Given that Hunan Goke MicroelectronicsLtd only made minimal earnings in the last twelve months, we'll focus on revenue to gauge its business development. 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.
鉴于湖南国科微电子有限公司在过去十二个月中仅实现了最低收益,我们将重点关注收入来衡量其业务发展。总的来说,我们会将这样的股票与亏损公司一起考虑,这仅仅是因为利润量太低了。如果不增加收入,很难相信未来会有更有利可图的未来。
In the last 5 years Hunan Goke MicroelectronicsLtd saw its revenue grow at 43% per year. Even measured against other revenue-focussed companies, that's a good result. It's good to see that the stock has 12%, but not entirely surprising given revenue shows strong growth. If the strong revenue growth continues, we'd hope to see the share price to follow, in time. Opportunity lies where the market hasn't fully priced growth in the underlying business.
在过去的5年中,湖南国科微电子有限公司的收入以每年43%的速度增长。即使与其他注重收入的公司相比,这也是一个不错的结果。很高兴看到该股上涨了12%,但鉴于收入显示出强劲的增长,这并不完全令人惊讶。如果强劲的收入增长持续下去,我们希望股价能够及时上涨。机会在于市场尚未对基础业务的增长进行全面定价。
The graphic below depicts how earnings and revenue have changed over time (unveil the exact values by clicking on the image).
下图描述了收入和收入随时间推移而发生的变化(点击图片即可显示确切的数值)。
![earnings-and-revenue-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240615/0-06cd1322bc7bf6f76ac50c3ebc8c50ce-0-6d9be5ba3d9c0eec449a4251690453d2.png/big)
Balance sheet strength is crucial. It might be well worthwhile taking a look at our free report on how its financial position has changed over time.
资产负债表的强度至关重要。可能值得一看我们关于其财务状况如何随着时间的推移而变化的免费报告。
What About Dividends?
分红呢?
It is important to consider the total shareholder return, as well as the share price return, for any given stock. 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. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. In the case of Hunan Goke MicroelectronicsLtd, it has a TSR of 82% for the last 5 years. 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!
重要的是要考虑任何给定股票的股东总回报率和股价回报率。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。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。以湖南国科微电子有限公司为例,在过去的5年中,其股东回报率为82%。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
We regret to report that Hunan Goke MicroelectronicsLtd shareholders are down 31% for the year (even including dividends). Unfortunately, that's worse than the broader market decline of 14%. Having said that, it's inevitable that some stocks will be oversold in a falling market. The key is to keep your eyes on the fundamental developments. On the bright side, long term shareholders have made money, with a gain of 13% per year over half a decade. If the fundamental data continues to indicate long term sustainable growth, the current sell-off could be an opportunity worth considering. It's always interesting to track share price performance over the longer term. But to understand Hunan Goke MicroelectronicsLtd better, we need to consider many other factors. Consider risks, for instance. Every company has them, and we've spotted 2 warning signs for Hunan Goke MicroelectronicsLtd you should know about.
我们遗憾地报告,湖南国科微电子有限公司的股东今年下跌了31%(甚至包括股息)。不幸的是,这比整个市场14%的跌幅还要严重。话虽如此,在下跌的市场中,一些股票不可避免地会被超卖。关键是要密切关注基本发展。好的一面是,长期股东赚了钱,在过去的五年中,每年增长13%。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。长期跟踪股价表现总是很有意思的。但是,要更好地了解湖南国科微电子有限公司,我们需要考虑许多其他因素。例如,考虑风险。每家公司都有它们,我们发现了两个你应该知道的湖南国科微电子有限公司的警告标志。
But note: Hunan Goke MicroelectronicsLtd 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:湖南国科微电子有限公司可能不是最值得买入的股票。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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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。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
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