CECEP Solar EnergyLtd (SZSE:000591) Shareholders Have Earned a 9.7% CAGR Over the Last Five Years
CECEP Solar EnergyLtd (SZSE:000591) Shareholders Have Earned a 9.7% CAGR Over the Last Five Years
CECEP Solar Energy Co.,Ltd. (SZSE:000591) shareholders might be concerned after seeing the share price drop 10% in the last quarter. On the bright side the returns have been quite good over the last half decade. Its return of 46% has certainly bested the market return! While the long term returns are impressive, we do have some sympathy for those who bought more recently, given the 28% drop, in the last year.
太阳能的股东们可能会对最近一个季度股票下跌10%感到担忧。好在,在过去五年里,回报相当不错。回报率达46%,的确超过了市场回报!尽管长期回报显得很印象深刻,我们确实对那些最近买入的人有些同情,因为在过去一年中回落了28%。
So let's assess the underlying fundamentals over the last 5 years and see if they've moved in lock-step with shareholder returns.
因此,让我们评估过去5年的基本面,看看它们是否和股东的回报率相符。
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).
市场有时无疑是高效的,但价格并不总是反映基础业务表现。 一种检查市场情绪如何随时间改变的方法是查看公司的股价与每股收益(EPS)之间的互动。
During five years of share price growth, CECEP Solar EnergyLtd achieved compound earnings per share (EPS) growth of 7.0% per year. So the EPS growth rate is rather close to the annualized share price gain of 8% per year. That suggests that the market sentiment around the company hasn't changed much over that time. Indeed, it would appear the share price is reacting to the EPS.
在五年的股票增长期内,太阳能每股收益(EPS)复合增长率为7.0%。因此,EPS增长率与年复合股价收益率8%相当接近。这表明,公司周围的市场情绪在这段时间内没有太大的变化。的确,似乎股价是在对EPS作出反应。
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随时间的变化情况(如果您单击该图像,则可以查看更多详细信息)。
![earnings-per-share-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240620/0-01fbe0411247488958be347e2e681c0c-0-22357591bf59adf2201495d5e620fa89.png/big)
Before buying or selling a stock, we always recommend a close examination of historic growth trends, available here.
在购买或出售股票之前,我们始终建议仔细研究历史增长趋势,此处提供。
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. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. In the case of CECEP Solar EnergyLtd, it has a TSR of 59% for the last 5 years. That exceeds its share price return that we previously mentioned. This is largely a result of its dividend payments!
考虑到任何给定股票的股票回报率和股价回报率都是非常重要的。 TSR包括任何股票拆分或折价资本筹集的价值,以及任何股息,其基础假设是股息被再投资。可以说,TSR可以更全面地说明股票的回报情况。对于太阳能来说,过去5年的TSR达到59%。这超过了我们之前提到的股价回报率。这在很大程度上是其分红派息的结果!
A Different Perspective
不同的观点
We regret to report that CECEP Solar EnergyLtd shareholders are down 27% for the year (even including dividends). Unfortunately, that's worse than the broader market decline of 14%. 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. Longer term investors wouldn't be so upset, since they would have made 10%, each year, over five years. If the fundamental data continues to indicate long term sustainable growth, the current sell-off could be an opportunity worth considering. 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 2 warning signs for CECEP Solar EnergyLtd (of which 1 is potentially serious!) you should know about.
我们遗憾地报告,太阳能的股东们今年(包括股息在内)的损失达到27%。不幸的是,这比更广泛的市场下跌14%要差。然而,这可能只是股价受到更广泛市场的恐慌的影响。值得关注的是其基本面,因为这可能是一个值得考虑的好机会。长期投资者不会那么难过,因为他们在过去五年中每年都获得了10%的回报。如果基本数据继续表明长期可持续增长,当前的抛售可能是一个值得考虑的机会。我认为,看待股价长期表现作为业务绩效的代理非常有意思。但要真正获得洞察力,我们需要考虑其他信息。例如风险。每个公司都有它们的风险,并且我们已经发现太阳能存在2个警告信号(其中1个可能很严重!)您需要知道。
For those who like to find winning investments this free list of undervalued companies with recent insider purchasing, could be just the ticket.
对于那些喜欢寻找获胜投资的人来说,最近有内部购买的低估公司免费列表可能是一个很好的选择。
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。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.
对本文有反馈?关于内容有所顾虑?直接和我们联系。或者,发送电子邮件至editorial-team (at) simplywallst.com。
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
对本文有反馈?关于内容有所顾虑?直接和我们联系。或者发送电子邮件至editorial-team@simplywallst.com。