Passive investing in an index fund is a good way to ensure your own returns roughly match the overall market. Active investors aim to buy stocks that vastly outperform the market - but in the process, they risk under-performance. Investors in Tech Semiconductors Co., Ltd. (SZSE:300046) have tasted that bitter downside in the last year, as the share price dropped 32%. That falls noticeably short of the market decline of around 17%. On the bright side, the stock is actually up 5.4% in the last three years. But it's up 9.5% in the last week.
Although the past week has been more reassuring for shareholders, they're still in the red over the last year, so let's see if the underlying business has been responsible for the decline.
Check out our latest analysis for Tech Semiconductors
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 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).
Unfortunately Tech Semiconductors reported an EPS drop of 67% for the last year. This fall in the EPS is significantly worse than the 32% the share price fall. So despite the weak per-share profits, some investors are probably relieved the situation wasn't more difficult. With a P/E ratio of 203.97, it's fair to say the market sees an EPS rebound on the cards.
The company's earnings per share (over time) is depicted in the image below (click to see the exact numbers).
SZSE:300046 Earnings Per Share Growth December 15th 2022
It's probably worth noting that the CEO is paid less than the median at similar sized companies. It's always worth keeping an eye on CEO pay, but a more important question is whether the company will grow earnings throughout the years. It might be well worthwhile taking a look at our free report on Tech Semiconductors' earnings, revenue and cash flow.
A Different Perspective
While the broader market lost about 17% in the twelve months, Tech Semiconductors shareholders did even worse, losing 32%. However, it could simply be that the share price has been impacted by broader market jitters. It might be worth keeping an eye on the fundamentals, in case there's a good opportunity. On the bright side, long term shareholders have made money, with a gain of 2% per year over half a decade. It could be that the recent sell-off is an opportunity, so it may be worth checking the fundamental data for signs of a long term growth trend. 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 - Tech Semiconductors has 2 warning signs (and 1 which shouldn't be ignored) we think you should know about.
Of course Tech Semiconductors may not be the best stock to buy. So you may wish to see this free collection of growth stocks.
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on CN exchanges.
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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.
被動式投資於指數基金是確保您自己的回報大致符合整體市場的好方法。積極的投資者的目標是購買遠遠超過市場的股票-但在這個過程中,他們的風險表現不佳。投資者 科技半導體股份有限公司 (深證交所代號:300046)去年嘗到了痛苦的下行,因為股價下跌了 32%。這明顯低於 17% 左右的市場下跌。在光明的一面,股票實際上是 向上 在過去三年內有 5.4%。但是上週增長了 9.5%。
儘管過去一周對股東來說更加令人放心,但在過去一年中,他們仍然處於紅色狀態,因此讓我們看看基礎業務是否對下降負責。
查看我們有關科技半導體的最新分析
釋義本傑明·格雷厄姆:在短期內,市場是一台投票機,但從長遠來看,這是一個稱重機。檢視市場情緒隨時間變化的一種方法是查看公司股價與其每股收益(EPS)之間的互動。
不幸的是,科技半導體報告說,去年每股盈餘下降了 67%。每股盈餘的下跌比股價下跌的 32% 顯著差。因此,儘管每股利潤疲弱,但一些投資者可能會放心,情況並不困難。市盈率為 203.97,可以公平地說市場看到每股盈餘在卡上反彈。
該公司的每股收益(隨著時間的推移)如下圖所示(點擊查看確切的數字)。
深交所:300046 每股盈利增長二零二二年十二月十五日
可能值得注意的是,首席執行官的薪酬低於類似規模公司的中位數。始終值得關注 CEO 薪酬,但更重要的問題是公司是否會在多年內增加收入。這可能是非常值得看看我們的 自由 報告科技半導體的收益,收入和現金流。
不同的角度
儘管更廣泛的市場在十二個月內損失了約 17%,但科技半導體股東的表現更糟,損失了 32%。但是,可能僅僅是股價受到更廣泛的市場抖動的影響。如果有很好的機會,可能值得關注基本面。從光明的一面來看,長期股東已經賺錢,在半十年中每年收益 2%。這可能是最近的拋售是一個機會,因此可能值得檢查基本數據是否存在長期增長趨勢的跡象。儘管值得考慮市場狀況對股價可能產生的不同影響,但還有其他因素更為重要。冒險,例如-科技半導體 2 警告標誌 (和 1 不應該被忽視),我們認為你應該知道。
當然 科技半導體可能不是最好的股票。所以大家不妨看看這個 自由 集合,... 的, 增長, 股票
請注意,本文中引用的市場回報反映了當前在 CN 交易所交易的股票的市場加權平均回報率。
對這篇文章有反饋嗎?關注內容? 取得聯繫 直接與我們聯繫。 或者,通過電子郵件發送電子郵件給編輯團隊。
這篇文章由簡單牆聖是一般性質. 我們僅使用公正的方法,根據歷史數據和分析師預測提供評論,我們的文章並不打算作為財務建議。 它並不構成購買或出售任何股票的建議,也不會考慮您的目標或您的財務狀況。我們的目標是為您帶來由基本數據驅動的長期集中分析。請注意,我們的分析可能不會考慮最新的價格敏感公司公告或定性材料。簡易華街在提及的任何股票中都沒有倉位。