The Three-year Earnings Decline Is Not Helping Tech Semiconductors' (SZSE:300046 Share Price, as Stock Falls Another 13% in Past Week
The Three-year Earnings Decline Is Not Helping Tech Semiconductors' (SZSE:300046 Share Price, as Stock Falls Another 13% in Past Week
It is a pleasure to report that the Tech Semiconductors Co., Ltd. (SZSE:300046) is up 46% in the last quarter. But that doesn't change the fact that the returns over the last three years have been less than pleasing. In fact, the share price is down 38% in the last three years, falling well short of the market return.
很高兴向大家报告,Tech Semiconductors Co., Ltd. (SZSE:300046)在上个季度上涨了46%。但是这并不能改变过去三年的回报令人不满意的事实。实际上,在过去的三年中,股价下跌了38%,远远低于市场的回报率。
With the stock having lost 13% in the past week, it's worth taking a look at business performance and seeing if there's any red flags.
由于股票在过去一周中下跌了13%,因此值得查看业务表现,看看是否存在任何红旗。
While the efficient markets hypothesis continues to be taught by some, it has been proven that markets are over-reactive dynamic systems, and investors are not always rational. 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).
虽然有效市场假说仍然被一些人教授,但被证明市场是过度反应的动态系统,投资者并不总是理性的。检查市场情绪如何随时间变化的一种方法是看一个公司的股价与其每股收益(EPS)之间的交互作用。
During the three years that the share price fell, Tech Semiconductors' earnings per share (EPS) dropped by 49% each year. This was, in part, due to extraordinary items impacting earnings. In comparison the 15% compound annual share price decline isn't as bad as the EPS drop-off. So, despite the prior disappointment, shareholders must have some confidence the situation will improve, longer term. This positive sentiment is also reflected in the generous P/E ratio of 547.35.
在股价下跌的三年期间,Tech Semiconductors的每股收益(EPS)每年下降了49%。部分原因是非常规项目对收益的影响。与之相比,15%的复合年股价下跌并不像EPS的下降那么严重。因此,尽管之前令人失望,股东们一定对长期情况有些信心。这种积极情绪也体现在547.35的高P/E比率中。
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)。
![1724653279253](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240826/42853428-0-2f285fc2f4eea3083920fd8155e9010f.webp/bigjpg)
Dive deeper into Tech Semiconductors' key metrics by checking this interactive graph of Tech Semiconductors's earnings, revenue and cash flow.
通过查看台基股份的盈利、营业收入和现金流的交互式图表,深入了解台基股份的关键指标。
A Different Perspective
不同的观点
It's good to see that Tech Semiconductors has rewarded shareholders with a total shareholder return of 3.4% in the last twelve months. That certainly beats the loss of about 2% per year over the last half decade. We generally put more weight on the long term performance over the short term, but the recent improvement could hint at a (positive) inflection point within the business. I find it very interesting to look at share price over the long term as a proxy for business performance. But to truly gain insight, we need to consider other information, too. Take risks, for example - Tech Semiconductors has 3 warning signs (and 1 which doesn't sit too well with us) we think you should know about.
很高兴看到台基股份在过去十二个月里为股东提供了3.4%的股东回报。这当然要好于过去半个十年每年约2%的亏损。我们通常更注重长期业绩而非短期业绩,但最近的改善可能暗示业务内部正在经历(积极的)拐点。我认为从长期来看股票价格是业务表现的一个代理。但是要真正获得洞察力,我们还需要考虑其他信息。例如,承担风险——台基股份有3个警示信号(以及1个我们不太满意的警示信号),我们认为你应该了解。
We will like Tech Semiconductors better if we see some big insider buys. While we wait, check out this free list of undervalued stocks (mostly small caps) with considerable, recent, insider buying.
如果我们看到一些大规模的内部买入,我们会更喜欢台基股份。在等待的同时,查看一下这个免费的被低估的股票(主要是小市值股票),其中有相当多的内部买入。
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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