Those Who Invested in Shenzhen Energy Group (SZSE:000027) Five Years Ago Are up 57%
Those Who Invested in Shenzhen Energy Group (SZSE:000027) Five Years Ago Are up 57%
Generally speaking the aim of active stock picking is to find companies that provide returns that are superior to the market average. And in our experience, buying the right stocks can give your wealth a significant boost. To wit, the Shenzhen Energy Group share price has climbed 41% in five years, easily topping the market decline of 0.02% (ignoring dividends). However, more recent returns haven't been as impressive as that, with the stock returning just 3.9% in the last year, including dividends.
一般来说,积极的股票挑选的目的是寻找提供高于市场平均收益的公司。根据我们的经验,购买正确的股票可以使您的财富大幅增长。例如,深圳能源股价在过去5年内上涨了41%,轻松超过了市场的0.02%下跌(不考虑股息)。然而,最近的回报并不像这样引人注目,包括股息在内,股票去年的回报仅为3.9%。
With that in mind, it's worth seeing if the company's underlying fundamentals have been the driver of long term performance, or if there are some discrepancies.
鉴于此,值得看看该公司的基本面是否一直是长期业绩的驱动因素,或者是否存在一些不一致之处。
To quote Buffett, 'Ships will sail around the world but the Flat Earth Society will flourish. There will continue to be wide discrepancies between price and value in the marketplace...' 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.
引用巴菲特的话说,“船只会在世界各地航行,但是持平地球学会会蓬勃发展。在市场上,价格和价值之间将继续存在巨大的差距……”评估公司周围情绪变化的一种有缺陷但合理的方法是将每股收益(EPS)与股价进行比较。
Over half a decade, Shenzhen Energy Group managed to grow its earnings per share at 12% a year. The EPS growth is more impressive than the yearly share price gain of 7% over the same period. So it seems the market isn't so enthusiastic about the stock these days.
在过去的五年中,深圳能源每股收益增长了12%。该EPS增长比同期7%的股价上涨更为印象深刻。因此,市场对该股票的热情似乎并不高。
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)。
![big](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240712/0-91373d54872d9cd3b30953c232b0fc8b-0-b6c68019e1ce64d46d965669dc0fa75b.png/big)
This free interactive report on Shenzhen Energy Group's earnings, revenue and cash flow is a great place to start, if you want to investigate the stock further.
如果您想进一步调查该股票,则深圳能源的收益,收入和现金流量的这份免费交互式报告是一个很好的开始。
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 is a return calculation that accounts for the value of cash dividends (assuming that any dividend received was reinvested) and the calculated value of any discounted capital raisings and spin-offs. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. In the case of Shenzhen Energy Group, it has a TSR of 57% for the last 5 years. That exceeds its share price return that we previously mentioned. The dividends paid by the company have thusly boosted the total shareholder return.
除了衡量股价回报之外,投资者还应考虑总股东回报(TSR)。TSR是一种返回计算,考虑到现金股息的价值(假设任何收到的股息都被再投资)以及任何折价的股本增发和拆分的计算价值。可以说,对于支付股息的股票,TSR提供了更完整的图像。在深圳能源的情况下,它在过去的5年中具有57%的TSR。这超过了我们之前提到的股价回报。公司支付的股息因此提高了总股东回报。
A Different Perspective
不同的观点
It's nice to see that Shenzhen Energy Group shareholders have received a total shareholder return of 3.9% over the last year. Of course, that includes the dividend. However, that falls short of the 9% TSR per annum it has made for shareholders, each year, over five years. The pessimistic view would be that be that the stock has its best days behind it, but on the other hand the price might simply be moderating while the business itself continues to execute. 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. Consider for instance, the ever-present spectre of investment risk. We've identified 4 warning signs with Shenzhen Energy Group (at least 2 which shouldn't be ignored) , and understanding them should be part of your investment process.
令人高兴的是,深圳能源股东在过去一年中获得了3.9%的总股东回报。当然,这其中包括股息。然而,与过去五年每年实现的9%的TSR相比,这还是有所不足的。悲观的观点是,股票的最佳时期已经过去,但另一方面,价格可能仅在适度调整,而业务本身继续执行。尽管考虑市场条件对股票价格的不同影响非常值得,但其他更重要的因素也需要考虑。例如,投资风险一直存在。我们已经确定了关于深圳能源的4个警告信号(至少有2个不应被忽视),了解它们应该是您的投资过程的一部分。
But note: Shenzhen Energy Group 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:深圳能源可能不是最好的股票购买选择。因此,请查看过去盈利增长(以及进一步增长预测)的有趣公司的免费列表。
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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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?对内容感到担忧?请直接与我们联系。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?对内容感到担忧?请直接与我们联系。或者,发送电子邮件至editorial-team@simplywallst.com。