The Three-year Shareholder Returns and Company Earnings Persist Lower as Huabao Flavours & Fragrances (SZSE:300741) Stock Falls a Further 3.1% in Past Week
The Three-year Shareholder Returns and Company Earnings Persist Lower as Huabao Flavours & Fragrances (SZSE:300741) Stock Falls a Further 3.1% in Past Week
The truth is that if you invest for long enough, you're going to end up with some losing stocks. But the long term shareholders of Huabao Flavours & Fragrances Co., Ltd. (SZSE:300741) have had an unfortunate run in the last three years. Regrettably, they have had to cope with a 60% drop in the share price over that period.
事實是,如果你投資足夠長的時間,你最終會有一些虧損的股票。但是,華寶香精香料有限公司(深圳證券交易所代碼:300741)的長期股東在過去三年中出現了不幸的擠兌情況。遺憾的是,在此期間,他們不得不應對股價下跌60%的局面。
Since Huabao Flavours & Fragrances has shed CN¥413m from its value in the past 7 days, let's see if the longer term decline has been driven by the business' economics.
由於華寶香精在過去7天內已從其價值下跌了4.13億元人民幣,因此讓我們看看長期下跌是否是由該業務的經濟推動的。
See our latest analysis for Huabao Flavours & Fragrances
查看我們對華寶香精和香料的最新分析
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.
引用巴菲特的話說:“船隻將在世界各地航行,但Flat Earth Society將蓬勃發展。市場上的價格和價值之間將繼續存在巨大差異...”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。
During the three years that the share price fell, Huabao Flavours & Fragrances' earnings per share (EPS) dropped by 25% each year. So do you think it's a coincidence that the share price has dropped 26% per year, a very similar rate to the EPS? We don't. So it seems that investor expectations of the company are staying pretty steady, despite the disappointment. In this case, it seems that the EPS is guiding the share price.
在股價下跌的三年中,華寶香精的每股收益(EPS)每年下降25%。那麼,你認爲股價每年下跌26%,與每股收益非常相似是巧合嗎?我們沒有。因此,儘管令人失望,但投資者對該公司的預期似乎保持穩定。在這種情況下,每股收益似乎在指導股價。
The company's earnings per share (over time) is depicted in the image below (click to see the exact numbers).
該公司的每股收益(隨着時間的推移)如下圖所示(點擊查看確切數字)。
![earnings-per-share-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240105/0-119bfd6c19dba94903a5d6c41f71eaa4-0-7ca3003aedf88814bdf015870c8ac0b5.png/big)
Dive deeper into Huabao Flavours & Fragrances' key metrics by checking this interactive graph of Huabao Flavours & Fragrances's earnings, revenue and cash flow.
查看這張華寶香精的收益、收入和現金流互動圖表,深入了解華寶香精的關鍵指標。
What About Dividends?
分紅呢?
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. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. In the case of Huabao Flavours & Fragrances, it has a TSR of -53% for the last 3 years. That exceeds its share price return that we previously mentioned. And there's no prize for guessing that the dividend payments largely explain the divergence!
重要的是要考慮任何給定股票的股東總回報率和股價回報率。股東總回報率是一種回報計算方法,它考慮了現金分紅的價值(假設收到的任何股息都經過再投資)以及任何貼現資本籌集和分拆的計算價值。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。就華寶香精而言,在過去三年中,其股東回報率爲-53%。這超過了我們之前提到的其股價回報率。而且,猜測股息支付在很大程度上解釋了這種分歧是沒有好處的!
A Different Perspective
不同的視角
The total return of 8.8% received by Huabao Flavours & Fragrances shareholders over the last year isn't far from the market return of -8.1%. Unfortunately, last year's performance is a deterioration of an already poor long term track record, given the loss of 1.7% per year over the last five years. Weak performance over the long term usually destroys market confidence in a stock, but bargain hunters may want to take a closer look for signs of a turnaround. 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 instance, we've identified 3 warning signs for Huabao Flavours & Fragrances (1 can't be ignored) that you should be aware of.
華寶香精香料股東去年獲得的8.8%的總回報率與-8.1%的市場回報率相差不遠。不幸的是,鑑於過去五年中每年虧損1.7%,去年的表現比本已糟糕的長期記錄有所惡化。長期表現疲軟通常會破壞市場對股票的信心,但討價還價者可能需要仔細觀察轉機的跡象。儘管市場狀況可能對股價產生的不同影響值得考慮,但還有其他因素更爲重要。例如,我們已經確定了華寶香精香料的3個警告信號(其中1個不容忽視),你應該注意這些信號。
We will like Huabao Flavours & Fragrances better if we see some big insider buys. While we wait, check out this free list of growing companies with considerable, recent, insider buying.
如果我們看到一些重大的內幕收購,我們會更喜歡華寶香精香料。在我們等待的同時,請查看這份免費清單,列出了最近有大量內幕收購的成長型公司。
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。