Investors in Changsha Jingjia Microelectronics (SZSE:300474) Have Seen Impressive Returns of 146% Over the Past Five Years
Investors in Changsha Jingjia Microelectronics (SZSE:300474) Have Seen Impressive Returns of 146% Over the Past Five Years
When you buy a stock there is always a possibility that it could drop 100%. But when you pick a company that is really flourishing, you can make more than 100%. Long term Changsha Jingjia Microelectronics Co., Ltd. (SZSE:300474) shareholders would be well aware of this, since the stock is up 144% in five years. In the last week the share price is up 1.7%.
买入股票总会有可能跌100%。但是,如果您选择一家真正蓬勃发展的公司,您可以获得超过100%的回报。长期持有景嘉微股份有限公司(深圳证券交易所:300474)的股东对此非常清楚,因为该股票在过去五年中上涨了144%。在过去一周中,股价上涨了1.7%。
Now it's worth having a look at the company's fundamentals too, because that will help us determine if the long term shareholder return has matched the performance of the underlying business.
现在值得更详细地了解该公司的基本面,因为这将帮助我们判断长期股东回报是否与基础业务的表现相匹配。
To paraphrase Benjamin Graham: Over the short term the market is a voting machine, but over the long term it's a weighing machine. One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS).
用本杰明·格雷厄姆的话来说:“短期市场是一台投票机,但长期市场是一台称重机”。检查市场情绪如何随时间推移变化的一种方式是查看公司股价和每股收益(EPS)之间的相互作用。
Changsha Jingjia Microelectronics' earnings per share are down 18% per year, despite strong share price performance over five years.
尽管景嘉微电子的股价表现强劲,但每年的每股收益下降了18%。
Essentially, it doesn't seem likely that investors are focused on EPS. Because earnings per share don't seem to match up with the share price, we'll take a look at other metrics instead.
基本上,投资者似乎并未关注每股收益。因为每股收益似乎与股价不匹配,所以我们将查看其他指标。
The modest 0.2% dividend yield is unlikely to be propping up the share price. On the other hand, Changsha Jingjia Microelectronics' revenue is growing nicely, at a compound rate of 17% over the last five years. In that case, the company may be sacrificing current earnings per share to drive growth.
较低的0.2%的股息率不太可能支撑股价。另一方面,景嘉微电子的营业收入在过去五年中以17%的复合增长率良好增长。在这种情况下,公司可能在牺牲当前的每股收益来推动增长。
The company's revenue and earnings (over time) are depicted in the image below (click to see the exact numbers).
以下图像显示了公司的营业收入和盈利(随时间变化)(单击以查看准确的数字)。
![big](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240726/0-6e286e9a19161b5b129c619cd38e9001-0-1e369b38085c2922025f17cf8e7ecd4d.png/big)
It's probably worth noting that the CEO is paid less than the median at similar sized companies. But while CEO remuneration is always worth checking, the really important question is whether the company can grow earnings going forward. So we recommend checking out this free report showing consensus forecasts
值得注意的是,该公司的CEO的薪酬低于同等规模的公司的中位数。但是,虽然值得检查CEO的报酬,但真正重要的问题是公司能否持续增长收益。因此,我们建议您查看此免费报告,显示共识预测。
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. 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 Changsha Jingjia Microelectronics the TSR over the last 5 years was 146%, which is better than the share price return mentioned above. The dividends paid by the company have thusly boosted the total shareholder return.
对于任何一支股票,考虑其总股东回报以及股价回报都是很重要的。TSR包括任何分拆或折价融资的价值,以及任何股息。假定股息被再投资,TSR应该给出股息的更完整的图片。我们注意到,在过去的5年中,景嘉微电子的TSR为146%,优于上述股价回报。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
While it's certainly disappointing to see that Changsha Jingjia Microelectronics shares lost 13% throughout the year, that wasn't as bad as the market loss of 19%. Longer term investors wouldn't be so upset, since they would have made 20%, 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. It's always interesting to track share price performance over the longer term. But to understand Changsha Jingjia Microelectronics better, we need to consider many other factors. For example, we've discovered 2 warning signs for Changsha Jingjia Microelectronics that you should be aware of before investing here.
虽然看到景嘉微电子股价在该年度下跌了13%确实令人失望,但这并不像市场下跌19%那样糟糕。长期投资者不会那么沮丧,因为他们在过去五年中每年都可以获得20%的回报。在最理想的情况下,去年只是通往更光明未来的旅程中的暂时波动。跟踪股价表现长期发展肯定很有趣。但是,为了更好地了解景嘉微电子,我们需要考虑许多其他因素。例如,我们发现了2个警示信号,您在投资之前应该了解这些信号。
Of course Changsha Jingjia Microelectronics may not be the best stock to buy. So you may wish to see this free collection of growth stocks.
当然,景嘉微电子不一定是最好的股票选择。因此,您可能希望查看这些免费的成长股收藏。
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。