Shenzhen Laibao Hi-Tech (SZSE:002106) Stock Performs Better Than Its Underlying Earnings Growth Over Last Five Years
Shenzhen Laibao Hi-Tech (SZSE:002106) Stock Performs Better Than Its Underlying Earnings Growth Over Last Five Years
Stock pickers are generally looking for stocks that will outperform the broader market. And the truth is, you can make significant gains if you buy good quality businesses at the right price. To wit, the Shenzhen Laibao Hi-Tech share price has climbed 92% in five years, easily topping the market return of 48% (ignoring dividends). On the other hand, the more recent gains haven't been so impressive, with shareholders gaining just 30% , including dividends .
選股人士一般都在尋找表現好於大盤的股票。事實是,如果你以合適的價格收購質量好的企業,你可以獲得巨大的收益。也就是說,深圳來寶科技的股價在五年內攀升了92%,輕鬆超過了48%的市場回報率(不考慮股息)。另一方面,最近的漲幅沒有那麼令人印象深刻,包括股息在內,股東只獲得了30%的收益。
Since the stock has added CN¥473m to its market cap in the past week alone, let's see if underlying performance has been driving long-term returns.
由於僅在過去一週,該股市值就增加了4.73億元人民幣,讓我們看看潛在表現是否一直在推動長期回報。
View our latest analysis for Shenzhen Laibao Hi-Tech
查看我們對深圳來寶高科的最新分析
To quote Buffett, 'Ships will sail around the world but the Flat Earth Society will flourish. There will continue to be wide discrepancies between price and value in the marketplace...' One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement.
用巴菲特的話說,“船隻將在世界各地航行,但平坦的地球協會將蓬勃發展。市場上的價格和價值之間將繼續存在巨大的差異……”一種不完美但簡單的方法來考慮市場對一家公司的看法是如何改變的,那就是將每股收益(EPS)的變化與股價走勢進行比較。
Over half a decade, Shenzhen Laibao Hi-Tech managed to grow its earnings per share at 19% a year. This EPS growth is higher than the 14% average annual increase in the share price. So it seems the market isn't so enthusiastic about the stock these days.
在過去的五年裡,深圳來寶高科技的每股收益以每年19%的速度增長。這一每股收益增幅高於該公司股價14%的年均增幅。因此,這些天市場對該股的熱情似乎不那麼高。
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/7781/20231014/0-3cb735e06194628022ce1bd097c514f1-0-d673847f7774aed36abc3cefa53f0606.png/big)
It might be well worthwhile taking a look at our free report on Shenzhen Laibao Hi-Tech's earnings, revenue and cash flow.
也許很值得一看我們的免費深圳來寶高科的收益、收入和現金流報告。
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 is a return calculation that accounts for the value of cash dividends (assuming that any dividend received was reinvested) and the calculated value of any discounted capital raisings and spin-offs. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. As it happens, Shenzhen Laibao Hi-Tech's TSR for the last 5 years was 107%, which exceeds the share price return mentioned earlier. 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是一種回報計算,計入了現金股息的價值(假設收到的任何股息都進行了再投資),以及任何貼現融資和剝離的計算價值。公平地說,TSR為支付股息的股票提供了更完整的圖景。碰巧的是,深圳來寶高科最近5年的TSR為107%,超過了前面提到的股價回報。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 good to see that Shenzhen Laibao Hi-Tech has rewarded shareholders with a total shareholder return of 30% in the last twelve months. That's including the dividend. That's better than the annualised return of 16% over half a decade, implying that the company is doing better recently. Someone with an optimistic perspective could view the recent improvement in TSR as indicating that the business itself is getting better with 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. Take risks, for example - Shenzhen Laibao Hi-Tech has 1 warning sign we think you should be aware of.
很高興看到深圳來寶高科技在過去12個月裡以30%的總股東回報回報了股東。這還包括股息。這比過去五年16%的年化回報率要好,這意味著該公司最近的表現更好。持樂觀觀點的人可能會認為,最近TSR的改善表明,業務本身正在隨著時間的推移而變得更好。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。以風險為例-深圳來寶高科1個個警告標誌我們認為你應該意識到.
We will like Shenzhen Laibao Hi-Tech 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,我們會更喜歡深圳來寶科技。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。
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.