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Jiangsu Zhengdan Chemical Industry's (SZSE:300641) Five-year Total Shareholder Returns Outpace the Underlying Earnings Growth

Jiangsu Zhengdan Chemical Industry's (SZSE:300641) Five-year Total Shareholder Returns Outpace the Underlying Earnings Growth

正丹股份(SZSE:300641)的五年总股东回报率超过基本盈利增长
Simply Wall St ·  11/29 08:19

It might be of some concern to shareholders to see the Jiangsu Zhengdan Chemical Industry Co., Ltd. (SZSE:300641) share price down 19% in the last month. But over five years returns have been remarkably great. In that time, the share price has soared some 356% higher! So we don't think the recent decline in the share price means its story is a sad one. The most important thing for savvy investors to consider is whether the underlying business can justify the share price gain.

股东可能会关心看到江苏正丹化工股份有限公司(SZSE:300641)股价在过去一个月下跌了19%。 但在过去五年,回报率确实非常高。 在那段时间里,股价飙升了356%! 所以我们认为股价最近下跌并不意味着其故事是悲伤的。 精明投资者最重要考虑的事情是潜在业务是否能够证明股价上涨。

While this past week has detracted from the company's five-year return, let's look at the recent trends of the underlying business and see if the gains have been in alignment.

虽然过去的一周削弱了公司的五年回报,但让我们看看业务的最近趋势,并查看收益是否已对齐。

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 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.

虽然一些人仍然在教授高效市场假说,但已经证明市场是过度反应的动态系统,投资者不总是理性的。一种有缺陷但合理的评估公司情绪变化的方法是比较每股收益 (EPS) 与股价。

Over half a decade, Jiangsu Zhengdan Chemical Industry managed to grow its earnings per share at 90% a year. The EPS growth is more impressive than the yearly share price gain of 35% over the same period. Therefore, it seems the market has become relatively pessimistic about the company.

在半个多世纪的时间里,江苏正丹化工每股收益增长率高达90%。 每股收益增长率比同一时期35%的年度股价上涨更令人印象深刻。 因此,市场似乎对这家公司变得相对悲观。

You can see below how EPS has changed over time (discover the exact values by clicking on the image).

您可以看到EPS随时间的变化如下(通过单击图像了解确切数值)。

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SZSE:300641 Earnings Per Share Growth November 29th 2024
SZSE:300641 每股收益增长 2024年11月29日

This free interactive report on Jiangsu Zhengdan Chemical Industry's earnings, revenue and cash flow is a great place to start, if you want to investigate the stock further.

若您想进一步调查该股票,可以从江苏正丹化工的收益、营业收入和现金流的这份免费互动报告开始。

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). Whereas the share price return only reflects the change in the share price, the TSR includes the value of dividends (assuming they were reinvested) and the benefit of any discounted capital raising or spin-off. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. In the case of Jiangsu Zhengdan Chemical Industry, it has a TSR of 375% for the last 5 years. That exceeds its share price return that we previously mentioned. This is largely a result of its dividend payments!

除了测量股价回报外,投资者还应考虑总股东回报(TSR)。而股价回报仅反映了股价的变化,TSR还包括分红的价值(假设已再投资)以及任何优惠的增资或分拆的好处。可以说,TSR能更全面地展示一支股票的回报情况。就江苏正丹化工而言,过去5年的TSR为375%。这超过了我们先前提到的股价回报。主要是由于其分红派息!

A Different Perspective

另一种看法

We're pleased to report that Jiangsu Zhengdan Chemical Industry shareholders have received a total shareholder return of 299% over one year. That's including the dividend. That's better than the annualised return of 37% over half a decade, implying that the company is doing better recently. Given the share price momentum remains strong, it might be worth taking a closer look at the stock, lest you miss an opportunity. 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. Even so, be aware that Jiangsu Zhengdan Chemical Industry is showing 4 warning signs in our investment analysis , and 1 of those is significant...

我们很高兴报告,江苏正丹化工的股东在过去一年中获得了总股东回报率299%。这已经包括了分红。 比起过去半个世纪的年化回报率37%,暗示公司近来表现更好。考虑到股价势头仍然强劲,值得更仔细地观察该股票,以免错失机会。虽然值得考虑市场条件对股价的影响,但有其他更为重要的因素。尽管如此,请注意,我们的投资分析中江苏正丹化工显示出4个警示信号,其中1个非常重要...

Of course Jiangsu Zhengdan Chemical Industry may not be the best stock to buy. So you may wish to see this free collection of growth stocks.

当然,正丹股份可能不是最好的股票买入选择。所以您可能希望查看这些免费的成长股收藏。

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。

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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.

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