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Guoyuan Securities (SZSE:000728) Shareholders Have Earned a 28% Return Over the Last Year

Guoyuan Securities (SZSE:000728) Shareholders Have Earned a 28% Return Over the Last Year

国元证券(深证:000728)的股东在过去一年中获得了28%的回报
Simply Wall St ·  2024/12/11 20:19

Passive investing in index funds can generate returns that roughly match the overall market. But you can significantly boost your returns by picking above-average stocks. For example, the Guoyuan Securities Company Limited (SZSE:000728) share price is up 25% in the last 1 year, clearly besting the market return of around 11% (not including dividends). That's a solid performance by our standards! Having said that, the longer term returns aren't so impressive, with stock gaining just 15% in three years.

被动投资于指数基金可以产生与整体市场相匹配的回报。但是,通过选择表现优于平均水平的股票,您可以显著提高回报。例如,国元证券股份有限公司(SZSE:000728)的股价在过去一年上涨了25%,明显超过了市场大约11%的回报(不包括分红派息)。这在我们看来是一个坚实的表现!话虽如此,长期回报并没有那么令人印象深刻,股票在三年内仅上涨了15%。

With that in mind, it's worth seeing if the company's underlying fundamentals have been the driver of long term performance, or if there are some discrepancies.

鉴于此,值得看看该公司的基本面是否一直是长期业绩的驱动因素,或者是否存在一些不一致之处。

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...' 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).

用巴菲特的话说,‘船会在世界各地航行,但平地社会将繁荣。市场上价格和价值之间将继续存在巨大的差异……’一种检查市场情绪如何随着时间变化的方法是观察公司的股价与每股收益(EPS)之间的互动。

During the last year Guoyuan Securities grew its earnings per share (EPS) by 0.1%. The share price gain of 25% certainly outpaced the EPS growth. This indicates that the market is now more optimistic about the stock.

在过去的一年里,国元证券的每股收益(EPS)增长了0.1%。股价上涨25%无疑超出了每股收益的增长。这表明市场对该股票的乐观情绪有所提高。

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

您可以在下面看到EPS如何随时间变化(点击图片可以发现具体数值)。

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SZSE:000728 Earnings Per Share Growth December 12th 2024
深证指数:000728 每股收益增长 2024年12月12日

It might be well worthwhile taking a look at our free report on Guoyuan Securities' earnings, revenue and cash flow.

查看我们关于国元证券的收益、营业收入和现金流的免费报告可能是值得的。

What About Dividends?

关于分红派息的问题

It is important to consider the total shareholder return, as well as the share price return, for any given stock. 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. As it happens, Guoyuan Securities' TSR for the last 1 year was 28%, which exceeds the share price return mentioned earlier. The dividends paid by the company have thusly boosted the total shareholder return.

在考虑任何特定股票时,考虑总股东回报和股价回报是很重要的。虽然股价回报仅反映股价的变化,但总股东回报包括分红的价值(假设它们被再投资)以及任何折扣融资或拆分的好处。可以说,总股东回报更全面地反映了股票带来的回报。实际上,国元证券过去一年的总股东回报为28%,超过了前面提到的股价回报。公司支付的分红因此提升了总股东回报。

A Different Perspective

不同的视角

We're pleased to report that Guoyuan Securities shareholders have received a total shareholder return of 28% over one year. Of course, that includes the dividend. That gain is better than the annual TSR over five years, which is 4%. Therefore it seems like sentiment around the company has been positive lately. Someone with an optimistic perspective could view the recent improvement in TSR as indicating that the business itself is getting better with time. 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 - Guoyuan Securities has 2 warning signs (and 1 which is a bit unpleasant) we think you should know about.

我们很高兴地报告,国元证券的股东在一年内获得了28%的总股东回报。当然,这包括了分红。这个增益优于过去五年的年度总股东回报,后者为4%。因此,最近对公司的情绪似乎是积极的。从乐观的角度来看,近期总股东回报的改善表明公司的业务也在随着时间变得更好。虽然充分考虑市场条件对股价的不同影响是值得的,但还有其他因素更为重要。例如,风险——国元证券有2个警告信号(还有1个是有点令人不快的),我们认为你应该知道。

But note: Guoyuan Securities may not be the best stock to buy. So take a peek at this free list of interesting companies with past earnings growth (and further growth forecast).

但请注意:国元证券可能不是最适合买入的股票。所以看看这个有意思的公司免费名单,这些公司有过往的收益增长(和进一步的增长预测)。

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。

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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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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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