Epoxy Base Electronic Material's (SHSE:603002 Three-year Decrease in Earnings Delivers Investors With a 28% Loss
Epoxy Base Electronic Material's (SHSE:603002 Three-year Decrease in Earnings Delivers Investors With a 28% Loss
No-one enjoys it when they lose money on a stock. But when the market is down, you're bound to have some losers. While the Epoxy Base Electronic Material Corporation Limited (SHSE:603002) share price is down 35% in the last three years, the total return to shareholders (which includes dividends) was -28%. That's better than the market which declined 28% over the last three years. And the share price decline continued over the last week, dropping some 9.7%.
股票亏损并不是人人都乐意见到的,但当市场下跌时,你肯定会遇到一些亏损的情况。而虽然宏昌电子(SHSE:603002)的股价在过去的三年中下跌了35%,但股东的总回报(包括分红)为-28%。这比市场在过去三年中下跌28%要好。而在过去一周股价的下跌持续了下去,下跌了9.7%。
Since Epoxy Base Electronic Material has shed CN¥578m from its value in the past 7 days, let's see if the longer term decline has been driven by the business' economics.
既然宏昌电子在过去7天中市值缩水了57800万,让我们看看长期的下跌是由业务经济情况驱动的。
While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance. 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.
虽然市场是一个强大的定价机制,但股价反映的不仅仅是企业的基本业绩,还有投资者的情绪。一个不完美但简单的方式来考虑公司市场意识的变化是比较每股收益(EPS)的变化和股价的变化。
During the three years that the share price fell, Epoxy Base Electronic Material's earnings per share (EPS) dropped by 38% each year. In comparison the 13% compound annual share price decline isn't as bad as the EPS drop-off. So the market may not be too worried about the EPS figure, at the moment -- or it may have previously priced some of the drop in. With a P/E ratio of 67.29, it's fair to say the market sees a brighter future for the business.
在股价下跌的三年中,宏昌电子的每股收益(EPS)每年下降了38%。相比之下,13%的年均复合股价下跌并不像EPS下降那么糟糕。因此,目前市场可能并不太担心EPS指标,或者曾经在定价时考虑了下降的部分。以67.29的市盈率来看,市场认为该企业有一个更光明的未来。
You can see below how EPS has changed over time (discover the exact values by clicking on the image).
下面可以看到每股收益随时间的变化情况(通过点击图像来查看确切数值)。
![big](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240719/0-62775da48a9bbe9202712922e118e69e-0-b866313c212d4890ecc48a820b724c44.png/big)
Dive deeper into Epoxy Base Electronic Material's key metrics by checking this interactive graph of Epoxy Base Electronic Material's earnings, revenue and cash flow.
通过查看宏昌电子的收益、营业收入和现金流互动图来深入了解它的关键指标。
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. Whereas the share price return only reflects the change in the share price, the TSR includes the value of dividends (assuming they were reinvested) and the benefit of any discounted capital raising or spin-off. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. In the case of Epoxy Base Electronic Material, it has a TSR of -28% for the last 3 years. That exceeds its share price return that we previously mentioned. And there's no prize for guessing that the dividend payments largely explain the divergence!
考虑到股票的总股东回报以及股票价格回报是非常重要的。虽然股票价格回报仅反映了股票价格的变化,但TSR包括了红利价值(假设它们被再投资)以及任何折价融资或剥离的利益。因此,TSR为支付股息的股票提供了更完整的图片。在宏昌电子的情况下,过去3年其TSR为-28%。这超过了我们之前提到的股票价格回报。并且毫无疑问,股息支付很大程度上解释了这种差异!
A Different Perspective
不同的观点
While it's certainly disappointing to see that Epoxy Base Electronic Material shares lost 10% throughout the year, that wasn't as bad as the market loss of 17%. Longer term investors wouldn't be so upset, since they would have made 6%, each year, over five years. In the best case scenario the last year is just a temporary blip on the journey to a brighter future. 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. Even so, be aware that Epoxy Base Electronic Material is showing 4 warning signs in our investment analysis , you should know about...
虽然宏昌电子的股票在过去一年中下跌了10%,但这并不像市场的17%的损失那么严重。对于长期的投资者来说,他们每年可以获得6%的回报,超过了五年的时间。在最理想的情况下,过去的一年只是走向更美好未来的征程中的暂时失误。尽管要考虑市场条件对股价的影响,但还有其他更重要的因素。即使如此,请注意我们的投资分析中宏昌电子正在显示4条警告信号,你应该了解......
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of companies we expect will grow earnings.
当然,您可能在其他地方找到一家出色的企业进行投资。因此,请查看我们预计将实现盈利增长的公司的免费列表。
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。