Investors in Yunnan CopperLtd (SZSE:000878) Have Seen Returns of 29% Over the Past Five Years
Investors in Yunnan CopperLtd (SZSE:000878) Have Seen Returns of 29% Over the Past Five Years
Stock pickers are generally looking for stocks that will outperform the broader market. And in our experience, buying the right stocks can give your wealth a significant boost. For example, long term Yunnan Copper Co.,Ltd (SZSE:000878) shareholders have enjoyed a 18% share price rise over the last half decade, well in excess of the market return of around 2.2% (not including dividends). On the other hand, the more recent gains haven't been so impressive, with shareholders gaining just 14%, including dividends.
股票选择者通常会寻找表现优于整体市场的股票。 根据我们的经验,买入正确的股票可以显著增加财富。例如,长期持有云南铜业股份有限公司(SZSE:000878)的股东在过去的半个世纪中已经享受到了18%的股价上涨,远远超过市场回报约2.2%(不包括分红)。 另一方面,最近的收益并不那么令人印象深刻,包括分红在内,股东仅获得了14%的收益。
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。
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.
沃伦·巴菲特在他的论文《格雷厄姆-道德斯维尔的超级投资者》中描述了股票价格并不总是合理地反映企业的价值。通过比较每股收益(EPS)和股价随时间变化的变化,我们可以了解到投资者对某家公司的态度如何随时间而变化。
Over half a decade, Yunnan CopperLtd managed to grow its earnings per share at 43% a year. This EPS growth is higher than the 3% average annual increase in the share price. Therefore, it seems the market has become relatively pessimistic about the company.
在过去的五年中,云南铜业股份有限公司成功地将每股收益增长了43%。 这种每股收益增长高于股价的平均年增长率3%。因此,市场看来对公司非常悲观。
You can see how EPS has changed over time in the image below (click on the chart to see the exact values).
您可以在下面的图片中查看每股收益如何随时间变化(单击图表以查看确切的价值)。
![big](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240716/0-65673f387e425d5c450800eb84279061-0-e9f1dc6a245fba4dc50b77c76f5e3fe0.png/big)
We know that Yunnan CopperLtd has improved its bottom line over the last three years, but what does the future have in store? It might be well worthwhile taking a look at our free report on how its financial position has changed over time.
我们知道,云南铜业股份有限公司在过去的三年中已经改善了其底线,但未来会怎样呢? 不妨看看我们有关其财务状况如何随时间变化的免费报告。
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. We note that for Yunnan CopperLtd the TSR over the last 5 years was 29%, which is better than the share price return mentioned above. The dividends paid by the company have thusly boosted the total shareholder return.
除了考虑股价回报之外,投资者还应考虑总股东回报(TSR)。 TSR是一种回报计算,它考虑了现金股利的价值(假设获得任何分红都被再投资)以及任何折扣资本增发和拆分的计算价值。 可以说TSR为支付股息的股票提供了更完整的图像。我们注意到,云南铜业股份有限公司在过去的5年中的TSR为29%,优于上述股价回报。公司支付的股利增加了总股东回报。
A Different Perspective
不同的观点
It's nice to see that Yunnan CopperLtd shareholders have received a total shareholder return of 14% over the last year. That's including the dividend. Since the one-year TSR is better than the five-year TSR (the latter coming in at 5% per year), it would seem that the stock's performance has improved in recent times. Someone with an optimistic perspective could view the recent improvement in TSR as indicating that the business itself is getting better with time. It's always interesting to track share price performance over the longer term. But to understand Yunnan CopperLtd better, we need to consider many other factors. Like risks, for instance. Every company has them, and we've spotted 2 warning signs for Yunnan CopperLtd (of which 1 shouldn't be ignored!) you should know about.
很高兴看到云南铜业股份有限公司股东在过去一年中获得了14%的总股东回报。 包括股息。由于一年的TSR(年化5%)比五年的TSR(每年5%)要好,因此股票的表现在近期有所提高。一个乐观的观点是,近期TSR的改善表明公司本身的情况正在变得越来越好。 长期跟踪股价表现总是很有趣的。但要更好地了解云南铜业股份有限公司,我们需要考虑许多其他因素。例如风险。每家公司都有它们,我们已经发现了云南铜业股份有限公司的两个警示信号(其中一个不容忽视!)您应该了解。
Of course Yunnan CopperLtd may not be the best stock to buy. So you may wish to see this free collection of growth stocks.
当然,云南铜业股份有限公司可能不是最好的股票选择。因此,您可能希望查看这些增长股票的免费收藏。
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.
对本文有任何反馈?对内容有任何疑虑?请直接与我们联系。或者,发送电子邮件至editorial-team@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
对本文有任何反馈?对内容有任何疑虑?请直接与我们联系。或者,发送电子邮件至editorial-team@simplywallst.com。