Ningbo Yongxin OpticsLtd's (SHSE:603297) Five-year Earnings Growth Trails the 17% YoY Shareholder Returns
Ningbo Yongxin OpticsLtd's (SHSE:603297) Five-year Earnings Growth Trails the 17% YoY Shareholder Returns
Ningbo Yongxin Optics Co.,Ltd (SHSE:603297) shareholders might be concerned after seeing the share price drop 15% in the last quarter. But that doesn't change the fact that shareholders have received really good returns over the last five years. Indeed, the share price is up an impressive 108% in that time. Generally speaking the long term returns will give you a better idea of business quality than short periods can. Of course, that doesn't necessarily mean it's cheap now.
宁波永新光学股份有限公司(SHSE:603297)股东们可能会担心该股过去一季度的股价下跌了15%,但事实上股东在过去的五年里已获得非常好的回报。实际上,股票价格在此期间上涨了令人印象深刻的108%。总体而言,长期回报将为您提供比短期更好的业务质量。当然,这并不一定意味着现在便宜。
Since it's been a strong week for Ningbo Yongxin OpticsLtd shareholders, let's have a look at trend of the longer term fundamentals.
既然宁波永新光学股份有限公司的股东们度过了强劲的一周,让我们来看看更长期的基本面趋势。
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. By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time.
在他的文章《格雷厄姆和多德斯维尔超级投资者》中,沃伦·巴菲特描述了股票价格并不总是反映公司价值的合理方式。考虑市场对公司的看法如何发生变化的一个不完美但简单的方法是将每股收益(EPS)的变化与股价的变动进行比较。股票价格并不总是反映公司价值的合理方式沃伦·巴菲特描述了股票价格并不总是理性反映企业价值的情况。通过比较每股收益(EPS)和股价随时间的变化,我们可以了解投资者对公司的态度如何随着时间而变化。
Over half a decade, Ningbo Yongxin OpticsLtd managed to grow its earnings per share at 11% a year. This EPS growth is lower than the 16% average annual increase in the share price. So it's fair to assume the market has a higher opinion of the business than it did five years ago. And that's hardly shocking given the track record of growth.
在过去的五年中,宁波永新光学股份有限公司成功地将每股收益增长率控制在11%。这样的每股收益增长率低于股价平均每年增长16%。因此,可以合理地认为市场对该公司的看法比五年前更高。鉴于创业板的成长记录,这并不令人惊讶。
The graphic below depicts how EPS has changed over time (unveil the exact values by clicking on the image).
下图显示了EPS随时间变化的情况(点击图像以显示确切值)。
It's probably worth noting that the CEO is paid less than the median at similar sized companies. It's always worth keeping an eye on CEO pay, but a more important question is whether the company will grow earnings throughout the years. This free interactive report on Ningbo Yongxin OpticsLtd's earnings, revenue and cash flow is a great place to start, if you want to investigate the stock further.
值得注意的是,该公司的首席执行官的薪酬低于同等规模公司的中位数。监控首席执行官的薪酬是值得的,但更重要的问题是公司是否会在未来增长收益。如果您想进一步调查该股票,可以免费互动报告该公司的收益、营业收入和现金流。
What About Dividends?
那么分红怎么样呢?
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. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. As it happens, Ningbo Yongxin OpticsLtd's TSR for the last 5 years was 120%, which exceeds the share price return mentioned earlier. This is largely a result of its dividend payments!
对于任何给定的股票,考虑总股东回报以及股价回报同样重要。如果假设股息被再投资,那么TSR将纳入任何股息的价值,包括任何剥离或折价融资。事实上,宁波永新光学股份有限公司过去5年的TSR为120%,超过了之前提到的股价回报。这在很大程度上是其分红派息的结果!
A Different Perspective
不同的观点
The total return of 16% received by Ningbo Yongxin OpticsLtd shareholders over the last year isn't far from the market return of -15%. The silver lining is that longer term investors would have made a total return of 17% per year over half a decade. If the fundamental data remains strong, and the share price is simply down on sentiment, then this could be an opportunity worth investigating. 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. Even so, be aware that Ningbo Yongxin OpticsLtd is showing 2 warning signs in our investment analysis , and 1 of those is potentially serious...
宁波永新光学股份有限公司股东在去年获得的16%总回报与市场回报-15%相差不远。好消息是,长期投资者在过去的五年里每年可以获得17%的总回报。如果基本数据保持强劲,而股价仅仅是情绪上下降,那么这可能是一个值得探究的机会。尽管值得考虑市场情况对股价的不同影响,但有其他更重要的因素。尽管如此,请注意艾卫公司在我们的投资分析中显示了2个警告信号,其中1个可能是严重的……
If you are like me, then you will not want to miss this free list of undervalued small caps that insiders are buying.
如果您像我一样,就不会希望错过这份免费的内部人士正在购买的低估小市值股票列表。
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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这篇文章是Simply Wall St的一般性文章。我们根据历史数据和分析师预测提供评论,只使用公正的方法论,我们的文章并不意味着提供任何金融建议。文章不构成买卖任何股票的建议,也不考虑您的目标或您的财务状况。我们的目标是带给您基本数据驱动的长期关注分析。请注意,我们的分析可能不考虑最新的价格敏感公司公告或定性材料。Simply Wall St没有任何股票头寸。
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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