Shenzhen Changhong Technology (SZSE:300151) Jumps 10% This Week, Though Earnings Growth Is Still Tracking Behind Five-year Shareholder Returns
Shenzhen Changhong Technology (SZSE:300151) Jumps 10% This Week, Though Earnings Growth Is Still Tracking Behind Five-year Shareholder Returns
Shenzhen Changhong Technology Co., Ltd. (SZSE:300151) shareholders might be concerned after seeing the share price drop 17% in the last quarter. But that doesn't change the fact that the returns over the last five years have been very strong. In fact, the share price is 235% higher today. We think it's more important to dwell on the long term returns than the short term returns. The more important question is whether the stock is too cheap or too expensive today. Unfortunately not all shareholders will have held it for five years, so spare a thought for those caught in the 31% decline over the last three years: that's a long time to wait for profits.
深圳市長虹科技有限公司。(SZSE:300151)股東在看到上季度股價下跌17%後可能會感到擔憂。但這並不能改變過去五年回報非常強勁的事實。事實上,今天的股價上漲了235%。我們認為,關注長期回報比關注短期回報更重要。更重要的問題是,目前這只股票是太便宜還是太貴。不幸的是,並不是所有的股東都會持有它五年,所以請考慮一下那些在過去三年中陷入31%跌幅的人:等待盈利的時間太長了。
Since it's been a strong week for Shenzhen Changhong Technology shareholders, let's have a look at trend of the longer term fundamentals.
由於這一週對深圳長虹科技的股東來說是強勁的一週,讓我們來看看較長期基本面的趨勢。
View our latest analysis for Shenzhen Changhong Technology
查看我們對深圳長虹科技的最新分析
While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance. 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.
雖然市場是一種強大的定價機制,但股價反映的是投資者情緒,而不僅僅是潛在的企業表現。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。
Over half a decade, Shenzhen Changhong Technology managed to grow its earnings per share at 16% a year. This EPS growth is lower than the 27% average annual increase in the share price. This suggests that market participants hold the company in higher regard, these days. And that's hardly shocking given the track record of growth. This favorable sentiment is reflected in its (fairly optimistic) P/E ratio of 84.49.
在過去的五年裡,深圳長虹科技的每股收益以每年16%的速度增長。這一每股收益增幅低於該公司股價27%的年均增幅。這表明,這些天來,市場參與者對該公司的評價更高。考慮到增長的記錄,這並不令人震驚。這種有利情緒反映在其(相當樂觀的)本益比84.49倍上。
The image below shows how EPS has tracked over time (if you click on the image you can see greater detail).
下圖顯示了EPS是如何隨著時間的推移進行跟蹤的(如果您點擊該圖像,您可以看到更多詳細資訊)。
![earnings-per-share-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20231014/0-9118d5e5717f7e3e28f997cb8c68f88c-0-4d9e75d417b6c668ee479908a25c7dcb.png/big)
Before buying or selling a stock, we always recommend a close examination of historic growth trends, available here.
在買賣股票之前,我們總是建議仔細研究一下歷史增長趨勢,可以在這裡找到。
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. 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. In the case of Shenzhen Changhong Technology, it has a TSR of 249% 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。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。以深圳長虹科技為例,它在過去5年的TSR為249%。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
Shenzhen Changhong Technology shareholders are down 13% for the year (even including dividends), but the market itself is up 0.02%. 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 28% 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. It's always interesting to track share price performance over the longer term. But to understand Shenzhen Changhong Technology better, we need to consider many other factors. For example, we've discovered 2 warning signs for Shenzhen Changhong Technology (1 is concerning!) that you should be aware of before investing here.
深圳長虹科技股東今年下跌了13%(即使包括股息),但大盤本身上漲了0.02%。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。從好的方面來看,長期股東已經賺到了錢,過去五年的年回報率為28%。最近的拋售可能是一個機會,因此可能值得查看基本面數據,以尋找長期增長趨勢的跡象。跟蹤股價的長期表現總是很有趣的。但要更好地瞭解深圳長虹科技,還需要考慮很多其他因素。例如,我們發現深圳長虹科技的2個警示標誌(1是關於!)在這裡投資之前你應該意識到這一點。
We will like Shenzhen Changhong Technology better if we see some big insider buys. While we wait, check out this free list of growing companies with considerable, recent, insider buying.
如果我們看到一些大的內部收購,我們會更喜歡深圳長虹科技。在我們等待的時候,看看這個免費最近有大量內幕收購的成長型公司名單.
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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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.