Investors in China Great Wall SecuritiesLtd (SZSE:002939) Have Unfortunately Lost 31% Over the Last Three Years
Investors in China Great Wall SecuritiesLtd (SZSE:002939) Have Unfortunately Lost 31% Over the Last Three Years
As an investor its worth striving to ensure your overall portfolio beats the market average. But its virtually certain that sometimes you will buy stocks that fall short of the market average returns. We regret to report that long term China Great Wall Securities Co.,Ltd. (SZSE:002939) shareholders have had that experience, with the share price dropping 34% in three years, versus a market decline of about 12%.
作爲投資者,值得努力確保您的整個投資組合能夠超過市場平均水平。但幾乎可以確定有時您會購買表現不及市場平均水平的股票。非常遺憾,長揸長城證券股份有限公司(SZSE:002939)的股東就有這種經歷,股價在過去三年中下跌了34%,而市場下跌約12%。
Since shareholders are down over the longer term, lets look at the underlying fundamentals over the that time and see if they've been consistent with returns.
由於股東們長期以來都虧損了,因此讓我們回顧過去一段時間的基本面,看看是否一直與收益相一致。
See our latest analysis for China Great Wall SecuritiesLtd
請查看我們對長城證券股份有限公司的最新分析。
There is no denying that markets are sometimes efficient, but prices do not always reflect underlying business performance. 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.
不可否認的是,市場有時是高效的,但價格並不總是反映潛在的商業表現。一個不完美但簡單的方法來考慮公司市場感知如何改變是比較每股收益(EPS)變化和股價變動。
China Great Wall SecuritiesLtd saw its EPS decline at a compound rate of 5.3% per year, over the last three years. The share price decline of 13% is actually steeper than the EPS slippage. So it's likely that the EPS decline has disappointed the market, leaving investors hesitant to buy.
長城證券股份有限公司過去三年的每股收益以複合年增長率下降5.3%。股價下跌了13%,實際上比每股收益下降更嚴重。因此,每股收益下降可能讓市場感到失望,使投資者不敢購買。
You can see below how EPS has changed over time (discover the exact values by clicking on the image).
下面可以看到每股收益隨時間的變化情況(通過點擊圖像來查看確切數值)。
![earnings-per-share-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20231108/0-2ef80b7a4921c1e14e18f0bff038cf8f-0-d3355f7b810e2c6c585ea7330a383412.png/big)
We know that China Great Wall SecuritiesLtd has improved its bottom line lately, but is it going to grow revenue? You could check out this free report showing analyst revenue forecasts.
我們知道長城證券股份有限公司的盈利狀況最近有所改善,但它會增長營業收入嗎?您可以查看這份免費報告,以便了解分析師的營業收入預測。
What About Dividends?
那麼分紅怎麼樣呢?
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. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. We note that for China Great Wall SecuritiesLtd the TSR over the last 3 years was -31%, which is better than the share price return mentioned above. The dividends paid by the company have thusly boosted the total shareholder return.
在考慮投資回報時,重要的是考慮總股東回報(TSR)和股票回報之間的差異。 TSR包括任何剝離或折讓的資本籌集(基於股息被重新投資的假設),以及任何股息。因此,對於支付慷慨的股息公司而言,TSR通常比股票回報高得多。就中國神威藥業集團而言,其TSR在過去5年中達到了75%。這超過了我們之前提到的股票回報。該公司支付的股息已經提高了總股東回報。總股東回報和股票回報股票回報只反映股票價格的變化,而TSR包括分紅的價值(假設它們被再投資)以及任何折價融資或分拆的獲利。可以說,TSR爲支付股息的股票提供了更完整的圖片。我們注意到,長城證券股份有限公司在過去3年中的TSR爲-31%,優於上述股票回報。公司支付的股息也增加了股東的收益。總股東回報。
A Different Perspective
不同的觀點
We're pleased to report that China Great Wall SecuritiesLtd shareholders have received a total shareholder return of 2.2% over one year. Of course, that includes the dividend. There's no doubt those recent returns are much better than the TSR loss of 5% per year over five years. The long term loss makes us cautious, but the short term TSR gain certainly hints at a brighter future. 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. For example, we've discovered 2 warning signs for China Great Wall SecuritiesLtd (1 can't be ignored!) that you should be aware of before investing here.
我們很高興地宣佈,長城證券股份有限公司股東在一年內獲得了總股東回報2.2%。當然,這包括了股息。毫無疑問,這些最近的收益遠好於過去五年的年均TSR損失5%。長期的損失使我們謹慎,但短期的TSR盈利確實暗示着更光明的未來。雖然考慮市場條件可能對股價產生的不同影響非常值得,但其他因素更爲重要。例如,我們發現了長城證券股份有限公司的2個警告信號(1個不能忽略!),您在此之前應該了解這些信號。
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,您可能在其他地方找到一家出色的企業進行投資。因此,請查看我們預計將實現盈利增長的公司的免費列表。
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上市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.
對本文有反饋?關於內容有所顧慮?直接和我們聯繫。或電郵 editorial-team (at) simplywallst.com。
這篇文章是Simply Wall St的一般性文章。我們根據歷史數據和分析師預測提供評論,只使用公正的方法論,我們的文章並不意味着提供任何金融建議。文章不構成買賣任何股票的建議,也不考慮您的目標或您的財務狀況。我們的目標是帶給您基本數據驅動的長期關注分析。請注意,我們的分析可能不考慮最新的價格敏感公司公告或定性材料。Simply Wall St沒有任何股票頭寸。