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0.9% Earnings Growth Over 3 Years Has Not Materialized Into Gains for Zhejiang Huayou Cobalt (SHSE:603799) Shareholders Over That Period

0.9% Earnings Growth Over 3 Years Has Not Materialized Into Gains for Zhejiang Huayou Cobalt (SHSE:603799) Shareholders Over That Period

在过去三年中,0.9%的盈利增长并没有为华友钴业(SHSE:603799)的股东带来收益。
Simply Wall St ·  12/19 10:14

Zhejiang Huayou Cobalt Co., Ltd (SHSE:603799) shareholders will doubtless be very grateful to see the share price up 37% in the last quarter. But over the last three years we've seen a quite serious decline. In that time, the share price dropped 65%. So the improvement may be a real relief to some. While many would remain nervous, there could be further gains if the business can put its best foot forward.

华友钴业股份有限公司(SHSE:603799)的股东无疑会非常感激看到股价在上个季度上涨了37%。但是在过去三年中,我们看到了一次相当严重的下跌。在此期间,股价下跌了65%。因此,这一改善可能对某些人来说是真正的解脱。虽然许多人仍然感到紧张,但如果业务能够全力以赴,未来还有可能获得进一步的增长。

Given the past week has been tough on shareholders, let's investigate the fundamentals and see what we can learn.

鉴于过去一周对股东来说很艰难,让我们调查一下基本面,看看我们能学到什么。

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.

借用本杰明·格雷厄姆的话来说:短期内市场是一个投票机,但长期来说它是一个称重机。一种存在缺陷但合理的评估公司情绪变化的方法是将每股收益(EPS)与股价进行比较。

Although the share price is down over three years, Zhejiang Huayou Cobalt actually managed to grow EPS by 2.8% per year in that time. This is quite a puzzle, and suggests there might be something temporarily buoying the share price. Or else the company was over-hyped in the past, and so its growth has disappointed.

尽管股价在三年内下跌,但华友钴业实际上在此期间每年成功增长了2.8%的每股收益。这实在是个谜,表明可能有某些暂时因素支撑股价。或者,公司在过去被过度宣传,因此其增长令人失望。

It looks to us like the market was probably too optimistic around growth three years ago. Looking to other metrics might better explain the share price change.

在我们看来,市场在三年前可能对增长过于乐观。查看其他指标可能更能解释股价变化。

We note that, in three years, revenue has actually grown at a 18% annual rate, so that doesn't seem to be a reason to sell shares. It's probably worth investigating Zhejiang Huayou Cobalt further; while we may be missing something on this analysis, there might also be an opportunity.

我们注意到,在三年内,营业收入实际上以18%的年增长率增长,因此这似乎不是卖出股票的理由。可能值得进一步调查华友钴业;虽然我们可能在这个分析中遗漏了一些东西,但也可能存在机会。

The graphic below depicts how earnings and revenue have changed over time (unveil the exact values by clicking on the image).

下面的图表显示了收益和营收随时间的变化情况(通过单击图像揭示确切的值)。

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SHSE:603799 Earnings and Revenue Growth December 19th 2024
SHSE:603799 每股收益和营业收入增长 2024年12月19日

Zhejiang Huayou Cobalt is a well known stock, with plenty of analyst coverage, suggesting some visibility into future growth. So it makes a lot of sense to check out what analysts think Zhejiang Huayou Cobalt will earn in the future (free analyst consensus estimates)

华友钴业是一只知名股票,拥有大量的分析师覆盖,显示出对未来增长的一些可见性。因此,查看分析师认为华友钴业未来将赚取多少(免费的分析师共识估计)是非常有道理的。

A Different Perspective

不同的视角

Zhejiang Huayou Cobalt shareholders gained a total return of 7.8% during the year. Unfortunately this falls short of the market return. On the bright side, that's still a gain, and it's actually better than the average return of 3% over half a decade This suggests the company might be improving over 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. For example, we've discovered 2 warning signs for Zhejiang Huayou Cobalt (1 shouldn't be ignored!) that you should be aware of before investing here.

华友钴业的股东在一年内获得了7.8%的总回报。不幸的是,这低于市场回报。值得庆幸的是,这仍然是一个收益,而且实际上比过去五年平均3%的回报要好。这表明公司可能在不断改善。虽然非常值得考虑市场条件对股价的不同影响,但还有其他因素更为重要。例如,我们发现华友钴业有2个警告信号(1个不能忽视!),在这里投资之前你应该了解这些。

But note: Zhejiang Huayou Cobalt 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:华友钴业可能不是最值得购买的股票。所以请看一下这个有趣公司的免费列表,这些公司过去的盈利增长(以及未来的增长预测)。

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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