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The Total Return for Chengdu ALD Aviation Manufacturing (SZSE:300696) Investors Has Risen Faster Than Earnings Growth Over the Last Five Years

The Total Return for Chengdu ALD Aviation Manufacturing (SZSE:300696) Investors Has Risen Faster Than Earnings Growth Over the Last Five Years

在過去五年中,成都ALD航空製造公司(深交所股票代碼:300696)投資者的總回報增長速度快於盈利增長
Simply Wall St ·  2023/10/19 12:11

While Chengdu ALD Aviation Manufacturing Corporation (SZSE:300696) shareholders are probably generally happy, the stock hasn't had particularly good run recently, with the share price falling 18% in the last quarter. But that doesn't change the fact that the returns over the last five years have been pleasing. Its return of 86% has certainly bested the market return! Unfortunately not all shareholders will have held it for the long term, so spare a thought for those caught in the 33% decline over the last twelve months.

而當成都ALD航空製造總公司(SZSE:300696)股東可能總體上很高興,該股最近表現不是特別好,上個季度股價下跌了18%。但這並不能改變過去五年回報一直令人滿意的事實。它86%的回報率肯定超過了市場回報率!不幸的是,並不是所有的股東都會長期持有它,所以請考慮一下那些在過去12個月中陷入33%跌幅的人。

Although Chengdu ALD Aviation Manufacturing has shed CN¥528m from its market cap this week, let's take a look at its longer term fundamental trends and see if they've driven returns.

儘管成都ALD航空製造本週市值縮水5.28億元,但讓我們來看看其較長期的基本面趨勢,看看它們是否推動了回報。

See our latest analysis for Chengdu ALD Aviation Manufacturing

查看我們對成都ALD航空製造的最新分析

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 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.

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……”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。

During five years of share price growth, Chengdu ALD Aviation Manufacturing achieved compound earnings per share (EPS) growth of 16% per year. This EPS growth is higher than the 13% average annual increase in the share price. So one could conclude that the broader market has become more cautious towards the stock.

在五年的股價增長中,成都ALD航空製造實現了每股收益(EPS)每年16%的復合增長。這一EPS增幅高於該公司股價13%的年均增幅。因此,人們可以得出結論,更廣泛的市場對該股已變得更加謹慎。

The graphic below depicts how EPS has changed over time (unveil the exact values by clicking on the image).

下圖描述了EPS是如何隨著時間的推移而變化的(通過單擊圖像來揭示確切的值)。

earnings-per-share-growth
SZSE:300696 Earnings Per Share Growth October 19th 2023
深交所:2023年10月19日每股收益增長300696

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?

It is important to consider the total shareholder return, as well as the share price return, for any given stock. 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. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. As it happens, Chengdu ALD Aviation Manufacturing's TSR for the last 5 years was 91%, which exceeds the share price return mentioned earlier. This is largely a result of its dividend payments!

重要的是要考慮任何給定股票的總股東回報以及股價回報。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。可以說,TSR更全面地描繪了一隻股票產生的回報。碰巧的是,成都ALD航空製造最近5年的TSR為91%,超過了前面提到的股價回報。這在很大程度上是其股息支付的結果!

A Different Perspective

不同的視角

We regret to report that Chengdu ALD Aviation Manufacturing shareholders are down 33% for the year (even including dividends). Unfortunately, that's worse than the broader market decline of 4.8%. Having said that, it's inevitable that some stocks will be oversold in a falling market. The key is to keep your eyes on the fundamental developments. On the bright side, long term shareholders have made money, with a gain of 14% per year over half a decade. If the fundamental data continues to indicate long term sustainable growth, the current sell-off could be an opportunity worth considering. It's always interesting to track share price performance over the longer term. But to understand Chengdu ALD Aviation Manufacturing better, we need to consider many other factors. Consider risks, for instance. Every company has them, and we've spotted 1 warning sign for Chengdu ALD Aviation Manufacturing you should know about.

我們遺憾地報告,成都ALD航空製造公司的股東今年以來下降了33%(即使包括股息)。不幸的是,這比大盤4.8%的跌幅還要糟糕。話雖如此,在下跌的市場中,一些股票不可避免地會被超賣。關鍵是要密切關注基本面的發展。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14%。如果基本面數據繼續顯示長期可持續增長,當前的拋售可能是一個值得考慮的機會。跟蹤股價的長期表現總是很有趣的。但要更好地理解成都ALD航空製造,我們還需要考慮許多其他因素。例如,考慮一下風險。每家公司都有它們,我們已經發現成都ALD航空製造1個警示標誌你應該知道。

But note: Chengdu ALD Aviation Manufacturing may not be the best stock to buy. So take a peek at this free list of interesting companies with past earnings growth (and further growth forecast).

但請注意:成都ALD航空製造可能不是最好的股票。所以讓我們來看看這個免費過去有盈利增長(以及進一步增長預測)的有趣公司名單。

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.

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