Investors Three-year Losses Continue as Ningbo Huaxiang Electronic (SZSE:002048) Dips a Further 5.1% This Week, Earnings Continue to Decline
Investors Three-year Losses Continue as Ningbo Huaxiang Electronic (SZSE:002048) Dips a Further 5.1% This Week, Earnings Continue to Decline
Investors are understandably disappointed when a stock they own declines in value. But it's hard to avoid some disappointing investments when the overall market is down. While the Ningbo Huaxiang Electronic Co., Ltd. (SZSE:002048) share price is down 37% in the last three years, the total return to shareholders (which includes dividends) was -22%. That's better than the market which declined 29% over the last three years. The falls have accelerated recently, with the share price down 15% in the last three months. Of course, this share price action may well have been influenced by the 11% decline in the broader market, throughout the period.
当股票价格下跌时,投资者显然会感到失望。但是当整个市场下跌时,很难避免一些失望的投资。宁波华翔电子股份有限公司(SZSE:002048)的股价在过去三年下跌了37%,但股东的总回报(包括分红派息)为-22%。这比过去三年市场下跌29%要好。最近股价下跌加速,过去三个月股价下跌了15%。当然,这种股价变化可能受到整个时期市场下跌11%的影响。
Since Ningbo Huaxiang Electronic has shed CN¥538m from its value in the past 7 days, let's see if the longer term decline has been driven by the business' economics.
由于宁波华翔电子在过去7天中市值下降了53800万元,让我们看看长期的下跌是否受到了业务经济的推动。
There is no denying that markets are sometimes efficient, but prices do not always reflect underlying business performance. 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.
市场有时毫无疑问是有效的,但股票价格并不总是反映基本业务表现。一种有缺陷但合理的方法是比较每股收益(EPS)和股票价格,以评估围绕公司的情绪如何变化。
During the three years that the share price fell, Ningbo Huaxiang Electronic's earnings per share (EPS) dropped by 6.6% each year. The share price decline of 14% is actually steeper than the EPS slippage. So it seems the market was too confident about the business, in the past. This increased caution is also evident in the rather low P/E ratio, which is sitting at 9.47.
在股价下跌的三年中,宁波华翔电子的每股收益(EPS)每年下降6.6%。股价下跌14%,实际上比EPS下跌更加陡峭。因此,过去,市场对业务的信心过于强烈。这种增加的谨慎在P / E比率相当低的情况下也很明显,P / E比率为9.47。
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/7781/20240808/0-ba7e9750c2fb718b94fe789b24019aee-0-9650749c6a0464185481e9e300d59f7f.png/big)
Before buying or selling a stock, we always recommend a close examination of historic growth trends, available here.
在购买或出售股票之前,我们始终建议对历史增长趋势进行仔细研究,可以在这里找到相关信息。
What About Dividends?
那么分红怎么样呢?
When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. 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. As it happens, Ningbo Huaxiang Electronic's TSR for the last 3 years was -22%, which exceeds the share price return mentioned earlier. This is largely a result of its dividend payments!
在看待投资回报时,考虑总股东回报率(TSR)与股价回报率之间的差异很重要。 TSR是一个计算回报的公式,考虑到现金分红的价值(假设任何所得到的分红都被再次投资)以及任何折价的资本增发和剥离的计算价值。可以说,TSR为支付股息的股票提供了更完整的图片。事实上,宁波华翔电子过去三年的TSR为-22%,超过了之前提到的股票价格回报率。这在很大程度上是由于股息支付造成的!
A Different Perspective
不同的观点
While it's certainly disappointing to see that Ningbo Huaxiang Electronic shares lost 4.1% throughout the year, that wasn't as bad as the market loss of 19%. Of course, the long term returns are far more important and the good news is that over five years, the stock has returned 11% for each year. 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 Ningbo Huaxiang Electronic better, we need to consider many other factors. Even so, be aware that Ningbo Huaxiang Electronic is showing 1 warning sign in our investment analysis , you should know about...
虽然看到宁波华翔电子股票在过去一年中损失了4.1%,这当然令人失望,但这并不像市场损失19%那样糟糕。当然,长期回报更为重要,好消息是,在过去五年中,该股票每年的回报率为11%。在最理想的情况下,过去一年只是通往更光明未来的暂时性波动。跟踪股价的长期表现总是很有意思。但是,为了更好地了解宁波华翔电子,我们需要考虑许多其他因素。即便如此,请注意,我们的投资分析显示宁波华翔电子有一个警告信号,你需要知道...
If you are like me, then you will not want to miss this free list of undervalued small caps that insiders are buying.
如果您像我一样,就不会希望错过这份免费的内部人士正在购买的低估小市值股票列表。
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。