Strong Week for Shandong New Beiyang Information Technology (SZSE:002376) Shareholders Doesn't Alleviate Pain of Five-year Loss
Strong Week for Shandong New Beiyang Information Technology (SZSE:002376) Shareholders Doesn't Alleviate Pain of Five-year Loss
Shandong New Beiyang Information Technology Co., Ltd. (SZSE:002376) shareholders should be happy to see the share price up 10% in the last quarter. But that is little comfort to those holding over the last half decade, sitting on a big loss. Indeed, the share price is down 55% in the period. So we're hesitant to put much weight behind the short term increase. We'd err towards caution given the long term under-performance.
山東新北洋資訊技術有限公司。(SZSE:002376)股東應該很高興看到股價在上個季度上漲了10%。但對於那些在過去五年裡坐擁巨額虧損的持有者來說,這並不是什麼安慰。事實上,在此期間,該公司股價下跌了55%。因此,我們對是否支持短期漲勢猶豫不決。考慮到長期表現不佳,我們會傾向於謹慎。
Although the past week has been more reassuring for shareholders, they're still in the red over the last five years, so let's see if the underlying business has been responsible for the decline.
儘管過去一週對股東來說更令人安心,但他們在過去五年仍處於虧損狀態,所以讓我們看看基礎業務是否對股價下跌負有責任。
See our latest analysis for Shandong New Beiyang Information Technology
查看我們對山東新北洋資訊技術的最新分析
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.
本傑明·格雷厄姆(Benjamin Graham)的原話是:短期內,市場是一臺投票機,但從長遠來看,它是一臺稱重機。評估圍繞一家公司的情緒變化的一個有缺陷但合理的方法是將每股收益(EPS)與股價進行比較。
In the last half decade Shandong New Beiyang Information Technology saw its share price fall as its EPS declined below zero. This was, in part, due to extraordinary items impacting earnings. Since the company has fallen to a loss making position, it's hard to compare the change in EPS with the share price change. However, we can say we'd expect to see a falling share price in this scenario.
在過去的五年裡,山東新北洋資訊技術公司的股價下跌,每股收益降至零以下。這在一定程度上是由於影響收益的非常專案。由於該公司已陷入虧損狀態,很難將每股收益的變化與股價的變化進行比較。然而,我們可以說,在這種情況下,我們預計會看到股價下跌。
The company's earnings per share (over time) is depicted in the image below (click to see the exact numbers).
該公司的每股收益(在一段時間內)如下圖所示(點擊查看具體數位)。
![earnings-per-share-growth](https://usnewsfile.moomoo.com/pic/0-08faaea56a41815d75bf97e578766e96-0-f05ff2a06f56cb4d8262b355f80fe77e.png/big)
We're pleased to report that the CEO is remunerated more modestly than most CEOs at similarly capitalized 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. Dive deeper into the earnings by checking this interactive graph of Shandong New Beiyang Information Technology's earnings, revenue and cash flow.
我們很高興地報告,這位首席執行官的薪酬比類似資本公司的大多數首席執行官都要低。關注首席執行官的薪酬總是值得的,但更重要的問題是,該公司是否會在未來幾年實現盈利增長。通過查看山東新北洋資訊科技的收益、收入和現金流的互動圖表,更深入地瞭解收益。
What About Dividends?
那股息呢?
When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. The TSR incorporates the value of any spin-offs or discounted capital raisings, along with any dividends, based on the assumption that the dividends are reinvested. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. In the case of Shandong New Beiyang Information Technology, it has a TSR of -50% for the last 5 years. That exceeds its share price return that we previously mentioned. The dividends paid by the company have thusly boosted the total shareholder return.
在考察投資回報時,重要的是要考慮到股東總回報(TSR)和股價回報。TSR包括任何剝離或貼現融資的價值,以及任何股息,基於股息再投資的假設。可以說,TSR更全面地描繪了一隻股票產生的回報。以山東新北洋資訊科技為例,過去5年的TSR為-50%。這超過了我們之前提到的它的股價回報。該公司支付的股息因此提振了總計股東回報。
A Different Perspective
不同的視角
It's nice to see that Shandong New Beiyang Information Technology shareholders have received a total shareholder return of 23% over the last year. Of course, that includes the dividend. There's no doubt those recent returns are much better than the TSR loss of 8% per year over five years. We generally put more weight on the long term performance over the short term, but the recent improvement could hint at a (positive) inflection point within the business. 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 instance, we've identified 2 warning signs for Shandong New Beiyang Information Technology that you should be aware of.
很高興看到山東新北洋資訊科技的股東在過去一年中獲得了23%的總股東回報。當然,這包括股息。毫無疑問,最近的回報率比TSR在五年內每年8%的損失要好得多。我們通常更看重短期的長期表現,但最近的改善可能暗示著業務內部出現(積極的)拐點。雖然值得考慮市場狀況對股價可能產生的不同影響,但還有其他更重要的因素。例如,我們已經確定山東新北洋資訊技術2個警示標誌這一點你應該知道。
Of course Shandong New Beiyang Information Technology may not be the best stock to buy. So you may wish to see this free collection of growth stocks.
當然了山東新北洋資訊科技可能不是最值得買入的股票。所以你可能想看看這個免費成長型股票的集合。
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on Chinese exchanges.
請注意,本文引用的市場回報反映了目前在中國交易所交易的股票的市場加權平均回報。
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.
對這篇文章有什麼反饋嗎?擔心內容嗎? 保持聯繫直接與我們聯繫。或者,也可以給編輯組發電子郵件,地址是implywallst.com。
本文由Simply Wall St.撰寫,具有概括性。我們僅使用不偏不倚的方法提供基於歷史數據和分析師預測的評論,我們的文章並不打算作為財務建議。它不構成買賣任何股票的建議,也沒有考慮你的目標或你的財務狀況。我們的目標是為您帶來由基本面數據驅動的長期重點分析。請注意,我們的分析可能不會將最新的對價格敏感的公司公告或定性材料考慮在內。Simply Wall St.對上述任何一隻股票都沒有持倉。