Investors Five-year Losses Continue as Tungkong (SZSE:002117) Dips a Further 10% This Week, Earnings Continue to Decline
Investors Five-year Losses Continue as Tungkong (SZSE:002117) Dips a Further 10% This Week, Earnings Continue to Decline
Ideally, your overall portfolio should beat the market average. But even the best stock picker will only win with some selections. So we wouldn't blame long term Tungkong Inc. (SZSE:002117) shareholders for doubting their decision to hold, with the stock down 38% over a half decade. We also note that the stock has performed poorly over the last year, with the share price down 34%. Furthermore, it's down 14% in about a quarter. That's not much fun for holders. Of course, this share price action may well have been influenced by the 12% decline in the broader market, throughout the period.
理想情况下,您的整体投资组合应该超过市场平均水平。但即使是最好的股票挑选者也只能在某些选择中获胜。因此,我们不能责怪长期持有通孔股份有限公司(SZSE:002117)的股东对他们的决定产生怀疑,因为股票在过去的五年中下跌了38%。我们还注意到,股票在过去一年中表现不佳,股价下跌了34%。此外,股价在约一个季度内下跌了14%。对持有者来说,这并不好玩。当然,这种股价行为可能受到整个时期股市下跌12%的影响。
If the past week is anything to go by, investor sentiment for Tungkong isn't positive, so let's see if there's a mismatch between fundamentals and the share price.
如果过去一周是什么的话,投资者对通孔的情绪并不乐观,因此让我们看看基本面与股票价格之间是否存在不匹配。
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。
Looking back five years, both Tungkong's share price and EPS declined; the latter at a rate of 11% per year. This change in EPS is reasonably close to the 9% average annual decrease in the share price. This suggests that market participants have not changed their view of the company all that much. Rather, the share price change has reflected changes in earnings per share.
回顾过去五年,通孔的股价和每股收益都有所下降,后者的年均降幅为11%。这种每股收益的变化与股价的年均下降9%非常接近。这表明市场参与者对公司的看法并没有发生太大变化。相反,股价的变化反映了每股收益的变化。
The company's earnings per share (over time) is depicted in the image below (click to see the exact numbers).
该公司的每股收益(随时间的推移)如下图所示(单击可查看确切数字)。
![1724807709542](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240828/42974374-0-c03cfb6c0b1489f5d0b835a3dd2f7318.webp/bigjpg)
This free interactive report on Tungkong's earnings, revenue and cash flow is a great place to start, if you want to investigate the stock further.
如果您想进一步调查这支股票,可以在这份免费的互动报告中查看Tungkong的收益、营业收入和现金流。
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 incorporates the value of any spin-offs or discounted capital raisings, along with any dividends, based on the assumption that the dividends are reinvested. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. We note that for Tungkong the TSR over the last 5 years was -25%, which is better than the share price return mentioned above. The dividends paid by the company have thusly boosted the total shareholder return.
除了衡量股价回报外,投资者还应考虑总股东回报(TSR)。TSR包括任何剥离或折价融资的价值,以及基于股息被再投资的假设。可以说,TSR能更全面地展现股票所产生的回报。我们注意到,对于Tungkong来说,过去5年的TSR为-25%,这比上面提到的股价回报要好。公司支付的股息从而提升了总股东回报。
A Different Perspective
不同的观点
While the broader market lost about 16% in the twelve months, Tungkong shareholders did even worse, losing 32% (even including dividends). However, it could simply be that the share price has been impacted by broader market jitters. It might be worth keeping an eye on the fundamentals, in case there's a good opportunity. Regrettably, last year's performance caps off a bad run, with the shareholders facing a total loss of 5% per year over five years. We realise that Baron Rothschild has said investors should "buy when there is blood on the streets", but we caution that investors should first be sure they are buying a high quality business. 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. Consider for instance, the ever-present spectre of investment risk. We've identified 1 warning sign with Tungkong , and understanding them should be part of your investment process.
尽管整体市场在过去12个月损失了约16%,Tungkong的股东甚至表现更糟,亏损了32%(包括股息在内)。然而,股价可能仅仅受到整体市场的不安情绪影响。值得留意基本面,以防出现良机。遗憾的是,去年的表现为股东们带来了差劲的运行,五年内每年总共亏损了5%。我们意识到,巴伦·罗斯柴尔德曾说过投资者应该在“血流街头”时买入,但我们提醒投资者首先要确认他们在购买一个高质量的企业。虽然值得考虑市场条件对股价的影响,但还有更重要的因素。比如,始终存在的投资风险。我们已经发现关于Tungkong的一个警示信号,理解这些信号应成为您投资过程的一部分。
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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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。