While Shareholders of Zhongman Petroleum and Natural Gas GroupLtd (SHSE:603619) Are in the Black Over 3 Years, Those Who Bought a Week Ago Aren't so Fortunate
While Shareholders of Zhongman Petroleum and Natural Gas GroupLtd (SHSE:603619) Are in the Black Over 3 Years, Those Who Bought a Week Ago Aren't so Fortunate
By buying an index fund, investors can approximate the average market return. But if you choose individual stocks with prowess, you can make superior returns. For example, the Zhongman Petroleum and Natural Gas Group Corp.,Ltd. (SHSE:603619) share price is up 76% in the last three years, clearly besting the market decline of around 12% (not including dividends).
通過購買指數基金,投資者可以接近平均市場回報。但如果你選擇實力雄厚的個股,你就可以獲得優異的回報。例如,中滿石油天然氣集團公司。(上交所:603619)股價在過去三年上漲了76%,顯然超過了市場約12%的跌幅(不包括股息)。
Since the long term performance has been good but there's been a recent pullback of 5.2%, let's check if the fundamentals match the share price.
由於長期表現良好,但最近出現了5.2%的回調,讓我們看看基本面是否與股價匹配。
View our latest analysis for Zhongman Petroleum and Natural Gas GroupLtd
查看我們對中滿石油天然氣集團有限公司的最新分析
While the efficient markets hypothesis continues to be taught by some, it has been proven that markets are over-reactive dynamic systems, and investors are not always rational. 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).
雖然有效市場假說繼續被一些人傳授,但事實證明,市場是過度反應的動態系統,投資者並不總是理性的。考察市場情緒如何隨時間變化的一種方法是觀察一家公司的股價和每股收益(EPS)之間的相互作用。
During three years of share price growth, Zhongman Petroleum and Natural Gas GroupLtd moved from a loss to profitability. So we would expect a higher share price over the period.
在股價上漲的三年中,中滿石油天然氣集團有限公司從虧損轉為盈利。因此,我們預計這段時間內股價會更高。
You can see how EPS has changed over time in the image below (click on the chart to see the exact values).
您可以在下圖中看到EPS是如何隨著時間的推移而變化的(單擊圖表可查看精確值)。
![earnings-per-share-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20231010/0-7d980c552d1efa37ebaea7a258f1a723-0-cdbaef4a5965070ab8541fe6dae5cd14.png/big)
It is of course excellent to see how Zhongman Petroleum and Natural Gas GroupLtd has grown profits over the years, but the future is more important for shareholders. Take a more thorough look at Zhongman Petroleum and Natural Gas GroupLtd's financial health with this free report on its balance sheet.
當然,看到中滿石油天然氣集團有限公司多年來如何實現利潤增長是非常好的,但對股東來說,未來更重要。更全面地審視中滿石油天然氣集團有限公司的財務健康狀況免費報告其資產負債表。
What About Dividends?
那股息呢?
As well as measuring the share price return, investors should also consider the total shareholder return (TSR). 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. We note that for Zhongman Petroleum and Natural Gas GroupLtd the TSR over the last 3 years was 81%, which is better than the share price return mentioned above. And there's no prize for guessing that the dividend payments largely explain the divergence!
除了衡量股價回報外,投資者還應考慮總股東回報(TSR)。雖然股價回報只反映股價的變動,但TSR包括股息的價值(假設股息再投資),以及任何折價集資或分拆所帶來的利益。可以說,TSR更全面地描繪了一隻股票產生的回報。我們注意到,中滿石油天然氣集團有限公司過去3年的總回報率為81%,好於上述股價回報率。而且,猜測股息支付在很大程度上解釋了這種差異是沒有好處的!
A Different Perspective
不同的視角
Investors in Zhongman Petroleum and Natural Gas GroupLtd had a tough year, with a total loss of 6.3% (including dividends), against a market gain of about 0.2%. 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. Regrettably, last year's performance caps off a bad run, with the shareholders facing a total loss of 0.3% per year over five years. We realise that Baron Rothschild has said investors should "buy when there is blood on the streets", but we caution that investors should first be sure they are buying a high quality 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. Case in point: We've spotted 3 warning signs for Zhongman Petroleum and Natural Gas GroupLtd you should be aware of, and 2 of them are a bit concerning.
中滿石油天然氣集團有限公司的投資者經歷了艱難的一年,總虧損6.3%(包括股息),而市場收益約為0.2%。即使是好股票的股價有時也會下跌,但我們希望在對企業產生太大興趣之前,看到企業的基本指標有所改善。令人遺憾的是,去年的業績為糟糕的表現畫上了句號,股東們在五年內面臨著每年0.3%的總虧損。我們意識到,羅斯柴爾德男爵曾說過,投資者應該“在街上血淋淋的時候買入”,但我們警告投資者,首先應該確保他們購買的是一家高質量的企業。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。一個恰當的例子:我們發現了中滿石油天然氣集團公司的3個警示標誌你應該知道,其中有兩個有點令人擔憂。
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of companies we expect will grow earnings.
當然了,如果你把目光投向別處,你可能會發現這是一筆很棒的投資。所以讓我們來看看這個免費我們預計收益將會增長的公司名單。
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。
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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,地址是暗示Wallst.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.