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Tofflon Science and Technology Group's (SZSE:300171) Earnings Growth Rate Lags the 16% CAGR Delivered to Shareholders

Tofflon Science and Technology Group's (SZSE:300171) Earnings Growth Rate Lags the 16% CAGR Delivered to Shareholders

东富龙(SZSE:300171)的收益增长率低于向股东提供的16%复合年增长率
Simply Wall St ·  12/17 22:31

Stock pickers are generally looking for stocks that will outperform the broader market. Buying under-rated businesses is one path to excess returns. For example, long term Tofflon Science and Technology Group Co., Ltd. (SZSE:300171) shareholders have enjoyed a 96% share price rise over the last half decade, well in excess of the market return of around 17% (not including dividends).

股票挑选者通常寻找能够超越大盘的股票。购买被低估的企业是获得超额回报的一种途径。例如,从长期来看,东富龙(SZSE:300171)的股东在过去五年间享受到了96%的股价涨幅,远远超过约17%的市场回报(不包括分红派息)。

While the stock has fallen 7.6% this week, it's worth focusing on the longer term and seeing if the stocks historical returns have been driven by the underlying fundamentals.

尽管该股票本周下跌了7.6%,但值得关注长期表现,看看股票的历史回报是否由基本面驱动。

There is no denying that markets are sometimes efficient, but prices do not always reflect 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.

不可否认的是,市场有时是有效的,但价格并不总是反映基本的业务表现。通过比较每股收益(EPS)和股价变化,我们可以了解投资者对公司的态度是如何随时间变化的。

During five years of share price growth, Tofflon Science and Technology Group achieved compound earnings per share (EPS) growth of 17% per year. This EPS growth is reasonably close to the 14% average annual increase in the share price. Therefore one could conclude that sentiment towards the shares hasn't morphed very much. In fact, the share price seems to largely reflect the EPS growth.

在五年的股价增长中,东富龙的每股收益(EPS)年均增长17%。这一EPS增长与14%的股价年均增长率相当接近。因此,可以得出结论,市场对该股票的情绪变化不是很大。事实上,股价似乎在很大程度上反映了EPS的增长。

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

您可以在下面的图像中查看每股收益随时间的变化(单击图表查看确切值)。

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SZSE:300171 Earnings Per Share Growth December 18th 2024
深交所:300171 每股收益增长 2024年12月18日

It might be well worthwhile taking a look at our free report on Tofflon Science and Technology Group's earnings, revenue and cash flow.

值得一看我们关于东富龙盈利、营业收入和现金流的免费报告。

What About Dividends?

关于分红派息的问题

When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. 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. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. We note that for Tofflon Science and Technology Group the TSR over the last 5 years was 108%, which is better than the share price return mentioned above. The dividends paid by the company have thusly boosted the total shareholder return.

在考虑投资回报时,重要的是要考虑总股东回报(TSR)与股价回报之间的差异。虽然股价回报仅反映股价的变化,但TSR包括分红的价值(假设被再投资)以及任何折扣资本筹集或剥离的好处。可以公平地说,TSR为支付分红的股票提供了更完整的图景。我们注意到,东富龙过去5年的TSR为108%,优于上述提到的股价回报。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

Investors in Tofflon Science and Technology Group had a tough year, with a total loss of 20% (including dividends), against a market gain of about 14%. Even the share prices of good stocks drop sometimes, but we want to see improvements in the fundamental metrics of a business, before getting too interested. On the bright side, long term shareholders have made money, with a gain of 16% per year over half a decade. If the fundamental data continues to indicate long term sustainable growth, the current sell-off could be an opportunity worth considering. 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. Case in point: We've spotted 3 warning signs for Tofflon Science and Technology Group you should be aware of, and 1 of them is potentially serious.

东富龙的投资者经历了艰难的一年,总损失达20%(包括分红),而市场涨幅约为14%。即使是优质股票的股价有时也会下跌,但在我们对某个业务产生兴趣之前,我们希望看到基本指标的改善。好的一面是,长期股东获得了收益,过去五年每年的收益率为16%。如果基本数据继续表明长期可持续增长,目前的抛售可能是一个值得考虑的机会。我发现长期来看股价作为业务表现的代理非常有趣。但要真正获得洞察,我们还需要考虑其他信息。举个例子:我们发现东富龙有3个警示信号,你应该注意其中1个可能是严重的。

Of course Tofflon Science and Technology Group may not be the best stock to buy. So you may wish to see this free collection of growth stocks.

当然,东富龙可能不是最佳的买入股票。所以您可能希望查看这份免费的成长股票集合。

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.

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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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