Zhejiang Yueling (SZSE:002725) Surges 17% This Week, Taking Five-year Gains to 47%
Zhejiang Yueling (SZSE:002725) Surges 17% This Week, Taking Five-year Gains to 47%
Generally speaking the aim of active stock picking is to find companies that provide returns that are superior to the market average. And in our experience, buying the right stocks can give your wealth a significant boost. To wit, the Zhejiang Yueling share price has climbed 44% in five years, easily topping the market return of 32% (ignoring dividends). However, more recent returns haven't been as impressive as that, with the stock returning just 22% in the last year.
一般來說,主動選股的目的是找到那些提供高於市場平均水準的回報的公司。根據我們的經驗,購買合適的股票可以顯著增加你的財富。也就是說,浙江越嶺的股價在五年內攀升了44%,輕鬆超過了32%的市場回報率(不考慮股息)。然而,最近的回報沒有那麼令人印象深刻,該股去年的回報率僅為22%。
Since the stock has added CN¥415m to its market cap in the past week alone, let's see if underlying performance has been driving long-term returns.
由於該股僅在過去一週就增加了4.15億元人民幣的市值,讓我們來看看潛在表現是否一直在推動長期回報。
Check out our latest analysis for Zhejiang Yueling
查看我們對浙江越嶺的最新分析
In his essay The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not always rationally reflect the value of a business. 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.
在他的文章中格雷厄姆和多德斯維爾的超級投資者沃倫·巴菲特描述了股價並不總是理性地反映一家企業的價值。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。
Zhejiang Yueling's earnings per share are down 50% per year, despite strong share price performance over five years.
儘管五年來股價表現強勁,但浙江越嶺的每股收益每年仍下降50%。
This means it's unlikely the market is judging the company based on earnings growth. Since the change in EPS doesn't seem to correlate with the change in share price, it's worth taking a look at other metrics.
這意味著市場不太可能根據盈利增長來評判該公司。由於每股收益的變化似乎與股價的變化沒有相關性,因此值得看看其他指標。
The revenue reduction of 1.7% per year is not a positive. So it seems one might have to take closer look at earnings and revenue trends to see how they might influence the share price.
每年1.7%的收入減少並不是積極的。因此,人們似乎必須更仔細地觀察收益和收入趨勢,看看它們可能會如何影響股價。
The graphic below depicts how earnings and revenue have changed over time (unveil the exact values by clicking on the image).
下圖描述了收益和收入隨時間的變化(通過單擊圖像來揭示確切的價值)。
![earnings-and-revenue-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20231101/0-deef0784f93415dd7c706439b6c91ebf-0-a40807d8707a32a7db8ee14b519fd5ad.png/big)
This free interactive report on Zhejiang Yueling's balance sheet strength is a great place to start, if you want to investigate the stock further.
這免費如果你想進一步調查這只股票,關於浙江越嶺資產負債表實力的互動報告是一個很好的起點。
What About The Total Shareholder Return (TSR)?
那麼總股東回報(TSR)呢?
We'd be remiss not to mention the difference between Zhejiang Yueling's total shareholder return (TSR) and its 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. Its history of dividend payouts mean that Zhejiang Yueling's TSR of 47% over the last 5 years is better than the share price return.
更不用說浙江越嶺的不同了股東總回報(TSR)及其股價回報。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。其派息歷史意味著,浙江越嶺在過去5年中47%的TSR好於股價回報。
A Different Perspective
不同的視角
It's good to see that Zhejiang Yueling has rewarded shareholders with a total shareholder return of 22% in the last twelve months. That gain is better than the annual TSR over five years, which is 8%. Therefore it seems like sentiment around the company has been positive lately. In the best case scenario, this may hint at some real business momentum, implying that now could be a great time to delve deeper. It's always interesting to track share price performance over the longer term. But to understand Zhejiang Yueling better, we need to consider many other factors. Case in point: We've spotted 2 warning signs for Zhejiang Yueling you should be aware of, and 1 of them is concerning.
很高興看到,浙江越嶺在過去12個月裡回報了股東22%的總回報。這一收益好於過去五年的年度TSR,後者為8%。因此,最近圍繞該公司的情緒似乎一直是積極的。在最好的情況下,這可能暗示著一些真正的商業勢頭,意味著現在可能是深入研究的好時機。跟蹤股價的長期表現總是很有趣的。但要更好地瞭解浙江嶽陵,還需要考慮許多其他因素。一個恰當的例子:我們發現了浙江嶽陵的2個警示標誌你應該知道,其中有一條是有關的。
If you are like me, then you will not want to miss this free list of growing companies that insiders are buying.
如果你像我一樣,你會的不想懷念這一切嗎?免費內部人士正在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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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.