Digiwin SoftwareLtd's (SZSE:300378) Five-year Total Shareholder Returns Outpace the Underlying Earnings Growth
Digiwin SoftwareLtd's (SZSE:300378) Five-year Total Shareholder Returns Outpace the Underlying Earnings Growth
While Digiwin Software Co.,Ltd. (SZSE:300378) shareholders are probably generally happy, the stock hasn't had particularly good run recently, with the share price falling 14% in the last quarter. But in stark contrast, the returns over the last half decade have impressed. Indeed, the share price is up an impressive 110% in that time. To some, the recent pullback wouldn't be surprising after such a fast rise. Only time will tell if there is still too much optimism currently reflected in the share price.
而 Digiwin 軟件公司, Ltd. (SZSE: 300378) 股東可能普遍感到高興,該股最近表現不佳,上個季度股價下跌了14%。但形成鮮明對比的是,過去五年的回報給人留下了深刻的印象。事實上,那段時間股價上漲了令人印象深刻的110%。對某些人來說,在經歷瞭如此快速的上漲之後,最近的回調也就不足爲奇了。只有時間才能證明股價目前是否仍然反映出過多的樂觀情緒。
While the stock has fallen 7.1% this week, it's worth focusing on the longer term and seeing if the stocks historical returns have been driven by the underlying fundamentals.
儘管該股本週下跌了7.1%,但值得關注長期來看,看看股票的歷史回報是否是由基礎基本面推動的。
View our latest analysis for Digiwin SoftwareLtd
查看我們對 Digiwin 軟件有限公司的最新分析
To paraphrase Benjamin Graham: Over the short term the market is a voting machine, but over the long term it's a weighing machine. 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.
用本傑明·格雷厄姆的話來說:從短期來看,市場是一臺投票機器,但從長遠來看,它是一臺稱重機。考慮市場對公司的看法發生了怎樣的變化的一種不完美但簡單的方法是將每股收益(EPS)的變化與股價走勢進行比較。
Over half a decade, Digiwin SoftwareLtd managed to grow its earnings per share at 16% a year. That makes the EPS growth particularly close to the yearly share price growth of 16%. Therefore one could conclude that sentiment towards the shares hasn't morphed very much. In fact, the share price seems to largely reflect the EPS growth.
在過去的五年中,Digiwin SoftwareLtd設法將其每股收益增長了16%。這使得每股收益的增長特別接近16%的年度股價增長。因此,可以得出結論,人們對股票的情緒並沒有太大變化。實際上,股價似乎在很大程度上反映了每股收益的增長。
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 隨時間推移的變化(點擊圖表查看確切值)。
![earnings-per-share-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20231128/0-1435a92e142beb05d80381c5aaeeb9b5-0-e307632ef63af3d742fb3a49c69fe1f4.png/big)
We know that Digiwin SoftwareLtd has improved its bottom line lately, but is it going to grow revenue? Check if analysts think Digiwin SoftwareLtd will grow revenue in the future.
我們知道Digiwin SoftwareLtd最近提高了利潤,但它會增加收入嗎?查看分析師是否認爲Digiwin SoftwareLtd將來會增加收入。
What About Dividends?
分紅呢?
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 Digiwin SoftwareLtd the TSR over the last 5 years was 116%, which is better than the share price return mentioned above. And there's no prize for guessing that the dividend payments largely explain the divergence!
在考慮投資回報時,重要的是要考慮兩者之間的區別 股東總回報 (TSR) 和 股價回報。股價回報僅反映股價的變化,而股東總回報率包括股息的價值(假設股息已被再投資)以及任何折扣融資或分拆的收益。可以公平地說,股東總回報率爲支付股息的股票提供了更完整的畫面。我們注意到,對於Digiwin SoftwareLtd來說,過去5年的股東總回報率爲116%,好於上述股價回報率。而且,猜測股息支付在很大程度上解釋了這種差異是沒有好處的!
A Different Perspective
不同的視角
It's good to see that Digiwin SoftwareLtd has rewarded shareholders with a total shareholder return of 41% in the last twelve months. Of course, that includes the dividend. Since the one-year TSR is better than the five-year TSR (the latter coming in at 17% per year), it would seem that the stock's performance has improved in recent times. Someone with an optimistic perspective could view the recent improvement in TSR as indicating that the business itself is getting better with time. It's always interesting to track share price performance over the longer term. But to understand Digiwin SoftwareLtd better, we need to consider many other factors. Like risks, for instance. Every company has them, and we've spotted 2 warning signs for Digiwin SoftwareLtd (of which 1 is a bit unpleasant!) you should know about.
很高興看到Digiwin SoftwareLtd在過去十二個月中向股東提供了41%的股東總回報率。當然,這包括分紅。由於一年期股東總回報率好於五年期股東總回報(後者爲每年17%),該股的表現似乎在最近有所改善。持樂觀觀點的人可能會將最近股東總回報率的改善視爲業務本身隨着時間的推移而變得越來越好。從長遠來看,追蹤股價表現總是很有意思的。但是,爲了更好地了解Digiwin SoftwareLtd,我們需要考慮許多其他因素。比如說,比如風險。每家公司都有它們,我們發現了 Digiwin SoftwareLtd 的 2 個警告信號(其中 1 個有點不愉快!)你應該知道。
If you like to buy stocks alongside management, then you might just love this free list of companies. (Hint: insiders have been buying them).
如果你想與管理層一起購買股票,那麼你可能會喜歡這份免費的公司名單。(提示:業內人士一直在購買它們)。
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.
對這篇文章有反饋嗎?對內容感到擔憂?直接聯繫我們。 或者,給編輯團隊 (at) simplywallst.com 發送電子郵件。
Simply Wall St的這篇文章本質上是籠統的。我們僅使用公正的方法根據歷史數據和分析師的預測提供評論,我們的文章無意作爲財務建議。它不構成買入或賣出任何股票的建議,也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本數據驅動的長期重點分析。請注意,我們的分析可能不考慮最新的價格敏感型公司公告或定性材料。簡而言之,華爾街沒有持有任何上述股票的頭寸。