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Solareast Holdings (SHSE:603366) Shareholders Are Still up 278% Over 5 Years Despite Pulling Back 15% in the Past Week

Solareast Holdings (SHSE:603366) Shareholders Are Still up 278% Over 5 Years Despite Pulling Back 15% in the Past Week

日出东方(SHSE:603366)股东在过去五年中仍上涨了278%,尽管在过去一周回落了15%。
Simply Wall St ·  2024/12/12 09:55

It's been a soft week for Solareast Holdings Co., Ltd. (SHSE:603366) shares, which are down 15%. But in stark contrast, the returns over the last half decade have impressed. We think most investors would be happy with the 251% return, over that period. To some, the recent pullback wouldn't be surprising after such a fast rise. The more important question is whether the stock is too cheap or too expensive today.

最近一周,日出东方股份有限公司(SHSE:603366)的股票表现较为疲软,下跌了15%。但在过去五年中,其回报率却令人印象深刻。我们认为大多数投资者会对这一期间的251%回报感到满意。对于一些人来说,在如此快速的上涨之后,最近的回调并不令人感到意外。更重要的问题是,目前这只股票是太便宜还是太昂贵。

Since the long term performance has been good but there's been a recent pullback of 15%, let's check if the fundamentals match the share price.

由于长期表现良好,但最近回调了15%,我们来检查一下基本面是否与股票价格相符。

To quote Buffett, 'Ships will sail around the world but the Flat Earth Society will flourish. There will continue to be wide discrepancies between price and value in the marketplace...' 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.

引用巴菲特的话,‘船只将环绕世界航行,但平面地球学会将蓬勃发展。市场上价格和价值之间将继续存在巨大差异……’通过比较每股收益(EPS)和股票价格变化,我们可以了解投资者对公司的态度是如何随着时间变化的。

During the last half decade, Solareast Holdings became profitable. That kind of transition can be an inflection point that justifies a strong share price gain, just as we have seen here.

在过去的五年中,日出东方开始实现盈利。这种转变可能是一个拐点,证明了强劲股价上涨的合理性,正如我们在这里看到的。

The graphic below depicts how EPS has changed over time (unveil the exact values by clicking on the image).

下图显示了EPS随时间变化的情况(点击图像以显示确切值)。

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SHSE:603366 Earnings Per Share Growth December 12th 2024
上海证券交易所:603366 每股收益增长 2024年12月12日

Before buying or selling a stock, we always recommend a close examination of historic growth trends, available here.

在买入或卖出股票之前,我们总是建议仔细审查历史增长趋势,详情请见这里。

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. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. As it happens, Solareast Holdings' TSR for the last 5 years was 278%, which exceeds the share price return mentioned earlier. The dividends paid by the company have thusly boosted the total shareholder return.

除了衡量股价回报外,投资者还应该考虑总股东回报(TSR)。而股价回报仅反映了股价的变化,TSR则包括了分红的价值(假设这些分红被再投资了)以及任何折扣融资或分拆的好处。因此,对于那些支付慷慨分红的公司而言,TSR往往要高于股价回报。巧合的是,日出东方在过去五年的TSR为278%,超过了前面提到的股价回报。公司支付的分红因此提高了总股东回报。

A Different Perspective

不同的视角

It's good to see that Solareast Holdings has rewarded shareholders with a total shareholder return of 165% in the last twelve months. Of course, that includes the dividend. Since the one-year TSR is better than the five-year TSR (the latter coming in at 30% per year), it would seem that the stock's performance has improved in recent times. Someone with an optimistic perspective could view the recent improvement in TSR as indicating that the business itself is getting better with time. 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. For example, we've discovered 3 warning signs for Solareast Holdings (1 is a bit concerning!) that you should be aware of before investing here.

很高兴看到日出东方在过去十二个月中给股东带来了165%的总股东回报。当然,这包括了分红。由于一年期的TSR优于五年期的TSR(后者为每年30%),这似乎表明该股票的表现最近有所改善。持乐观态度的人可能会将最近TSR的改善视为业务本身随着时间的推移而变得更好的迹象。我发现从长期来看,观察股价作为业务表现的一个代理指标非常有趣。但要真正获得洞察,我们还需要考虑其他信息。例如,我们发现了日出东方的三个警告信号(其中一个有点令人担忧!),在这里投资之前你应该留意这些。

If you are like me, then you will not want to miss this free list of undervalued small caps that insiders are buying.

如果你像我一样,那么你一定不想错过这份内部人士正在购买的被低估的小型股免费名单。

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交易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.

对本文有反馈?对内容有疑虑?请直接与我们联系。或者,发送电子邮件至 editorial-team (at) simplywallst.com。
这篇来自Simply Wall St的文章是一般性的。我们根据历史数据和分析师预测提供评论,采用无偏见的方法,我们的文章并不旨在提供财务建议。它不构成对任何股票的买入或卖出建议,也未考虑到您的目标或财务状况。我们旨在为您提供以基本数据驱动的长期分析。请注意,我们的分析可能未考虑最新的价格敏感公司公告或定性材料。Simply Wall St在提到的任何股票中均没有持仓。

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