Earnings Growth of 24% Over 1 Year Hasn't Been Enough to Translate Into Positive Returns for Jangho Group (SHSE:601886) Shareholders
Earnings Growth of 24% Over 1 Year Hasn't Been Enough to Translate Into Positive Returns for Jangho Group (SHSE:601886) Shareholders
The simplest way to benefit from a rising market is to buy an index fund. While individual stocks can be big winners, plenty more fail to generate satisfactory returns. Investors in Jangho Group Co., Ltd. (SHSE:601886) have tasted that bitter downside in the last year, as the share price dropped 45%. That contrasts poorly with the market decline of 13%. We note that it has not been easy for shareholders over three years, either; the share price is down 36% in that time. The falls have accelerated recently, with the share price down 22% in the last three months.
受益于市场升值的最简单方法就是购买指数基金。虽然个别股票可能有很高的收益,但更多的股票未能带来满意的回报。作为江河集团股份有限公司(SHSE:601886)的投资者,在过去的一年中股价下跌了45%,远不如市场下跌的13%。我们注意到,这种情况已经持续了三年,股价下跌了36%。最近,下跌趋势有所加快,最近三个月股价下跌22%。
After losing 6.4% this past week, it's worth investigating the company's fundamentals to see what we can infer from past performance.
股票上周跌了6.4%,值得我们研究公司的基本面,以了解其过去的表现。
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. One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price.
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·巴菲特曾经描述过,股价并不总是理性地反映了企业的价值。评估市场对一家公司的情绪如何变化的一个有缺陷但合理的方法是将每股收益(EPS)与股价进行比较。
Even though the Jangho Group share price is down over the year, its EPS actually improved. Of course, the situation might betray previous over-optimism about growth.
尽管江河集团的股价在过去一年中有所下跌,但它的每股收益实际上有所改善。当然,这种情况可能反映了过去对增长的过度乐观态度。
The divergence between the EPS and the share price is quite notable, during the year. But we might find some different metrics explain the share price movements better.
在这一年中,每股收益和股价之间的背离非常明显。但我们可能会发现一些不同的指标更能解释股价波动。
Jangho Group's dividend seems healthy to us, so we doubt that the yield is a concern for the market. From what we can see, revenue is pretty flat, so that doesn't really explain the share price drop. Unless, of course, the market was expecting a revenue uptick.
江河集团的股息在我们看来是健康的,所以我们不认为收益率是市场的关注点。从我们所见,营业收入相当平稳,所以这并不能解释股价下跌。当然,除非市场希望有营收增长。
You can see how earnings and revenue have changed over time in the image below (click on the chart to see the exact values).
你可以在下面的图片中看到收入和营业收入随时间的变化情况(单击图表可查看精确值)。
![earnings-and-revenue-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240621/0-8c83ca7199995e13602e0a076ba03665-0-de970e66f0c1a93659e31b3e49868485.png/big)
We know that Jangho Group has improved its bottom line lately, but what does the future have in store? So we recommend checking out this free report showing consensus forecasts
我们知道江河集团近期已经改善了其底线,但未来会有什么发展呢?因此我们建议查看这份免费报告,其中包含共识预测情况。
A Different Perspective
不同的观点
While the broader market lost about 13% in the twelve months, Jangho Group shareholders did even worse, losing 43% (even including dividends). 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. Regrettably, last year's performance caps off a bad run, with the shareholders facing a total loss of 4% per year over five years. 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. It's always interesting to track share price performance over the longer term. But to understand Jangho Group better, we need to consider many other factors. Case in point: We've spotted 1 warning sign for Jangho Group you should be aware of.
虽然整个市场在12个月内下跌了约13%,但江河集团的股东们遭受了更严重的损失,亏损了43%(即使包括股息在内)。然而,股价可能仅仅受到了整个市场的担忧的影响。在此情况下,值得关注的是基本面,寻找优质投资机会。遗憾的是,去年的表现是一个失望的结果,股东们在五年内面临着每年4%的总亏损。我们知道巴伦·罗斯柴尔德曾说过,投资者应该“买进街道上有血腥时”,但我们警告投资者首先要确保他们购买的是高质量的企业。长期跟踪股价表现总是很有趣的。但要更好地理解江河集团,我们需要考虑许多其他因素。例如:我们已经发现一种需要注意的情况,即江河集团会有1种警告标志。
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of companies that have proven they can grow earnings.
如果您愿意查看另一家公司-具有潜在更优质财务状况的公司-则不要错过这个免费的公司列表,这些公司已经证明他们可以增长收益。
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。