Sunresin New MaterialsLtd (SZSE:300487) Sheds 5.6% This Week, as Yearly Returns Fall More in Line With Earnings Growth
Sunresin New MaterialsLtd (SZSE:300487) Sheds 5.6% This Week, as Yearly Returns Fall More in Line With Earnings Growth
It might be of some concern to shareholders to see the Sunresin New Materials Co.,Ltd (SZSE:300487) share price down 16% in the last month. But in stark contrast, the returns over the last half decade have impressed. Indeed, the share price is up an impressive 184% 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. While the long term returns are impressive, we do have some sympathy for those who bought more recently, given the 34% drop, in the last year.
对于股东来说,蓝晓科技股份有限公司 (SZSE:300487) 的股价在过去一个月中下跌了16%,这可能引起一些关注。但截然相反的是,在过去的五年中,该公司的回报表现给人留下了深刻的印象。事实上,股价在这段时间内上涨了惊人的184%。一般来说,长期回报将给您提供比短期更好的业务质量的概念。当然,这并不一定意味着现在它便宜了。虽然长期回报是令人印象深刻的,但鉴于今年股价下跌了34%,我们对那些最近购买更多的人表示同情。
While the stock has fallen 5.6% this week, it's worth focusing on the longer term and seeing if the stocks historical returns have been driven by the underlying fundamentals.
虽然股票在本周下跌了5.6%,但值得关注的是长期回报,看看股票的历史回报是否受到根本面的驱动。
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 imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement.
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在股价上涨的5年中,新加坡交易所由亏损逐渐转为盈利。而在之后的12个月内,该公司的财务报表则呈亏损状态,这表明它的盈利能力不可靠。其他指标可能会更好地反映公司的价值变化。
During five years of share price growth, Sunresin New MaterialsLtd achieved compound earnings per share (EPS) growth of 30% per year. This EPS growth is higher than the 23% average annual increase in the share price. Therefore, it seems the market has become relatively pessimistic about the company.
在五年的股价增长期间,蓝晓科技股份有限公司实现了每股收益 (EPS) 的复合增长率为30%每年。这种EPS增长高于股价的平均年增长率23%。因此,市场似乎对该公司变得相对悲观。
The company's earnings per share (over time) is depicted in the image below (click to see the exact numbers).
该公司的每股收益(随时间的推移)如下图所示(单击可查看确切数字)。
![earnings-per-share-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240703/0-cb8bc57fa389f16c15077e29636350f1-0-6a1de79911b7f6a89b01cdc573f7ded8.png/big)
It is of course excellent to see how Sunresin New MaterialsLtd has grown profits over the years, but the future is more important for shareholders. If you are thinking of buying or selling Sunresin New MaterialsLtd stock, you should check out this FREE detailed report on its balance sheet.
当然,看到蓝晓科技股份有限公司多年来盈利的增长是非常好的,但未来对股东来说更重要。如果您正在考虑买入或卖出蓝晓科技股票,您应该查看这份免费的详细报告,了解其资产负债表。
What About Dividends?
那么分红怎么样呢?
As well as measuring the share price return, investors should also consider the total shareholder return (TSR). 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. We note that for Sunresin New MaterialsLtd the TSR over the last 5 years was 191%, which is better than the share price return mentioned above. And there's no prize for guessing that the dividend payments largely explain the divergence!
除了衡量股价回报之外,投资者还应考虑总股东回报(TSR)。TSR包括基于股息再投资的假设,反映了任何剥离或折价募资的价值,以及任何红利。可以说,TSR为支付股息的股票提供了更完整的图景。我们注意到,对于蓝晓科技股份有限公司,过去5年的TSR为191%,高于上面提到的股价回报。当然,股息支付很大程度上解释了这种差异!
A Different Perspective
不同的观点
We regret to report that Sunresin New MaterialsLtd shareholders are down 34% for the year (even including dividends). Unfortunately, that's worse than the broader market decline of 16%. 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 24%, 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. Even so, be aware that Sunresin New MaterialsLtd is showing 2 warning signs in our investment analysis , and 1 of those makes us a bit uncomfortable...
我们很遗憾报道,蓝晓科技股份有限公司的股东们在今年(包括股息)损失了34%。不幸的是,这比整个市场下跌的16%还糟糕。然而,可能仅仅是由于市场整体情绪影响了股价。以防有好的机会,可能值得关注基本面。长期投资者感到不那么苦恼,因为他们在五年内每年都赚了24%。如果基本数据继续表明长期可持续增长,当前的抛售可能值得考虑。我发现长期关注股价是衡量业务表现的一种方式,但要真正获得深入的洞察,我们需要考虑其他信息。尽管如此,请注意,蓝晓科技股份有限公司在我们的投资分析中显示了2个警告信号,其中1个让我们有些不安......
Of course Sunresin New MaterialsLtd may not be the best stock to buy. So you may wish to see this free collection of growth stocks.
当然,蓝晓科技股份有限公司可能不是最好的股票购买选项。因此,您可能希望查看这些增长型股票的免费集合。
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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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
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