Jiangsu Changshu Automotive Trim Group's (SHSE:603035) Five-year Earnings Growth Trails the 8.9% YoY Shareholder Returns
Jiangsu Changshu Automotive Trim Group's (SHSE:603035) Five-year Earnings Growth Trails the 8.9% YoY Shareholder Returns
While Jiangsu Changshu Automotive Trim Group Co., Ltd. (SHSE:603035) shareholders are probably generally happy, the stock hasn't had particularly good run recently, with the share price falling 16% in the last quarter. But that doesn't change the fact that the returns over the last five years have been pleasing. Its return of 36% has certainly bested the market return! Unfortunately not all shareholders will have held it for the long term, so spare a thought for those caught in the 35% decline over the last twelve months.
尽管江苏昌梁汽车内饰集团股份有限公司(SHSE:603035)的股东们大致上应该感到高兴,但股票最近的表现并不理想,股价在上个季度下跌了16%。但这并不改变过去五年的回报是令人满意的事实。其回报率为36%,肯定优于市场回报!不幸的是,并非所有股东都会长期持有,所以请为那些在过去十二个月中遭遇35%跌幅的人默哀。
Since the stock has added CN¥361m to its market cap in the past week alone, let's see if underlying performance has been driving long-term returns.
由于股票上周市值单周增加了CN¥36100万,让我们看看基础表现是否推动着长期回报。
While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance. By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time.
尽管市场是一个强大的定价机制,股价不仅反映了基本业务表现,还反映了投资者的情绪。通过比较每股收益(EPS)和股价变化,并随时间推移这样做,我们可以了解股东对公司的态度如何随时间变化。
During five years of share price growth, Jiangsu Changshu Automotive Trim Group achieved compound earnings per share (EPS) growth of 15% per year. The EPS growth is more impressive than the yearly share price gain of 6% over the same period. So it seems the market isn't so enthusiastic about the stock these days. This cautious sentiment is reflected in its (fairly low) P/E ratio of 8.21.
在五年的股价增长中,江苏昌梁汽车内饰集团实现了每年15%的复合每股收益(EPS)增长。EPS的增长比同期每年6%的股价增长更为引人注目。因此,市场对该股票的热情似乎并不高。这种谨慎情绪体现在其(相对低)的市盈率为8.21。
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)。
![1724983031823](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240830/43096791-0-9490c232322646e2a060d51617b71dd6.webp/bigjpg)
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?
It is important to consider the total shareholder return, as well as the share price return, for any given stock. 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, Jiangsu Changshu Automotive Trim Group's TSR for the last 5 years was 53%, which exceeds the share price return mentioned earlier. And there's no prize for guessing that the dividend payments largely explain the divergence!
对于任何一只股票,考虑到股票总回报和股票价格回报都是很重要的。TSR是一种回报计算方法,它考虑到了现金分红的价值(假设任何分红都被再投资)以及任何折价增资和拆分的计算价值。可以说,TSR给出了支付分红的股票的更完整的图像。江苏长沙汽车内饰股份有限公司过去五年的TSR为53%,超过了之前提到的股票价格回报。可以猜到,分红派息在很大程度上解释了这种差异!
A Different Perspective
不同的观点
While the broader market lost about 12% in the twelve months, Jiangsu Changshu Automotive Trim Group shareholders did even worse, losing 33% (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. On the bright side, long term shareholders have made money, with a gain of 9% per year over half a decade. It could be that the recent sell-off is an opportunity, so it may be worth checking the fundamental data for signs of a long term growth trend. 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 - Jiangsu Changshu Automotive Trim Group has 1 warning sign we think you should be aware of.
尽管整个市场在过去十二个月中下跌了约12%,但江苏长沙汽车内饰股份有限公司的股东表现得更糟糕,下跌了33%(包括股息)。然而,股票价格可能受到了整个市场的不安情绪的影响。值得关注的是,长期股东赚了钱,过去五年年均获得9%的收益。这次抛售可能是一个机会,所以值得查看基本面数据,以寻找长期增长趋势的迹象。作为一种业务绩效的代理,我发现长期股价非常有趣。但要真正获得洞察力,我们需要考虑其他信息。例如,承担风险——我们认为你应该注意江苏长沙汽车内饰股份有限公司有一个警示信号。
If you like to buy stocks alongside management, then you might just love this free list of companies. (Hint: many of them are unnoticed AND have attractive valuation).
如果您喜欢与管理层一起购买股票,那么您可能会喜欢这个公司的免费列表。 (提示:其中许多公司不为人注意且具有吸引力的估值。)
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。