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Ruitai Materials Technology's (SZSE:002066) Five-year Earnings Growth Trails the Decent Shareholder Returns

Ruitai Materials Technology's (SZSE:002066) Five-year Earnings Growth Trails the Decent Shareholder Returns

瑞泰科技(SZSE:002066)五年盈利增长落后于股东合理的回报
Simply Wall St ·  10/31 16:44

Stock pickers are generally looking for stocks that will outperform the broader market. And while active stock picking involves risks (and requires diversification) it can also provide excess returns. For example, the Ruitai Materials Technology Co., Ltd. (SZSE:002066) share price is up 55% in the last 5 years, clearly besting the market return of around 15% (ignoring dividends). However, more recent returns haven't been as impressive as that, with the stock returning just 9.4% in the last year, including dividends.

股票选手通常在寻找将超越整体市场的股票。而积极的股票挑选虽然涉及风险(并需要分散投资),但也可以提供超额回报。例如,瑞泰科技股份有限公司(SZSE:002066)股价在过去5年内上涨了55%,显然超过了市场的15%的回报(不考虑分红)。但是,更近期的回报并不那么令人印象深刻,股票在过去一年仅回报了9.4%,包括分红。

Since it's been a strong week for Ruitai Materials Technology shareholders, let's have a look at trend of the longer term fundamentals.

由于瑞泰科技股东这周表现强劲,让我们来看看长期基本面趋势。

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 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.

引用本杰明·格雷厄姆的话:短期内市场是一个投票机,但长期来看它是一个称重机。评估公司周边环境的情绪变化的一种有缺陷但合理的方法是将每股收益(EPS)与股价进行比较。

Over half a decade, Ruitai Materials Technology managed to grow its earnings per share at 27% a year. This EPS growth is higher than the 9% average annual increase in the share price. So one could conclude that the broader market has become more cautious towards the stock.

在半个多世纪的时间里,瑞泰科技成功地将每股收益年均增长27%。这种EPS增长高于股价平均年增长率的9%。因此,可以得出整体市场对该股变得更加谨慎的结论。

You can see how EPS has changed over time in the image below (click on the chart to see the exact values).

您可以在下面的图片中查看每股收益如何随时间变化(单击图表以查看确切的价值)。

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SZSE:002066 Earnings Per Share Growth October 31st 2024
深交所:002066 每股收益增长 2024年10月31日

This free interactive report on Ruitai Materials Technology's earnings, revenue and cash flow is a great place to start, if you want to investigate the stock further.

这份免费的互动报告涵盖了瑞泰科技的收益、营业收入和现金流,如果您想进一步调查该股票,这是一个很好的开始。

What About Dividends?

关于分红派息的问题

As well as measuring the share price return, investors should also consider the total shareholder return (TSR). 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. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. As it happens, Ruitai Materials Technology's TSR for the last 5 years was 58%, which exceeds the share price return mentioned earlier. And there's no prize for guessing that the dividend payments largely explain the divergence!

除了衡量股价回报之外,投资者还应考虑股东总回报(TSR)。 TSR是一种回报计算,考虑到现金分红的价值(假设任何获得的股息都被再投资)以及任何折现资本增发和剥离的计算价值。可以说,TSR提供了一张更全面的股票回报图片。事实上,瑞泰科技过去5年的TSR为58%,超过了前面提到的股价回报。毫无疑问,股息支付在很大程度上解释了这种差异!

A Different Perspective

另一种看法

It's good to see that Ruitai Materials Technology has rewarded shareholders with a total shareholder return of 9.4% in the last twelve months. And that does include the dividend. However, that falls short of the 10% TSR per annum it has made for shareholders, each year, over five years. 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. Take risks, for example - Ruitai Materials Technology has 3 warning signs (and 1 which can't be ignored) we think you should know about.

很高兴看到瑞泰科技在过去十二个月里奖励股东9.4%的股东总回报。而且这包括了股息。然而,与每年为股东创造的10%TSR相比,这还不够。考虑到市场条件可能对股价产生的不同影响是很值得的,还有更重要的因素。例如,承担风险 - 瑞泰科技我们认为您应该了解其有3个警示信号(还有一个不能忽视的信号)。

Of course Ruitai Materials Technology may not be the best stock to buy. So you may wish to see this free collection of growth stocks.

当然,瑞泰科技可能不是最好的股票购买选择。因此,您可能希望查看这些免费的成长股票合集。

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,本文中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。

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.

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