Investors in Shanghai Aiko Solar EnergyLtd (SHSE:600732) Have Seen Enviable Returns of 449% Over the Past Five Years
Investors in Shanghai Aiko Solar EnergyLtd (SHSE:600732) Have Seen Enviable Returns of 449% Over the Past Five Years
For many, the main point of investing in the stock market is to achieve spectacular returns. While the best companies are hard to find, but they can generate massive returns over long periods. For example, the Shanghai Aiko Solar Energy Co.,Ltd. (SHSE:600732) share price is up a whopping 438% in the last half decade, a handsome return for long term holders. If that doesn't get you thinking about long term investing, we don't know what will. And in the last month, the share price has gained 13%.
對於許多人來說,投資股票市場的要點是獲得可觀的回報。雖然很難找到最好的公司,但它們可以在很長一段時間內產生豐厚的回報。例如,上海愛光太陽能有限公司, Ltd.(上海證券交易所股票代碼:600732)的股價在過去五年中上漲了438%,對於長揸者來說,這是一個可觀的回報。如果這不能讓你考慮長期投資,我們不知道會怎樣。而在上個月,股價上漲了13%。
So let's assess the underlying fundamentals over the last 5 years and see if they've moved in lock-step with shareholder returns.
因此,讓我們評估過去5年的基本面,看看它們是否與股東回報步調一致。
Check out our latest analysis for Shanghai Aiko Solar EnergyLtd
查看我們對上海愛光太陽能有限公司的最新分析
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 格雷厄姆和多茲維爾的超級投資者 禾倫·巴菲特描述了股價如何並不總是合理地反映企業的價值。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, Shanghai Aiko Solar EnergyLtd managed to grow its earnings per share at 31% a year. This EPS growth is slower than the share price growth of 40% per year, over the same period. So it's fair to assume the market has a higher opinion of the business than it did five years ago. That's not necessarily surprising considering the five-year track record of earnings growth.
在過去的五年中,上海愛光太陽能有限公司設法將其每股收益增長到每年31%。每股收益的增長低於同期每年40%的股價增長。因此,可以公平地假設市場對該業務的看法比五年前更高。考慮到五年的收益增長記錄,這並不一定令人驚訝。
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/7781/20240126/0-9692a637c214e4a7772b11b9b23cd9e9-0-8a0a3267071ac795ec0a6633bfb25146.png/big)
It is of course excellent to see how Shanghai Aiko Solar EnergyLtd has grown profits over the years, but the future is more important for shareholders. You can see how its balance sheet has strengthened (or weakened) over time in this free interactive graphic.
看到上海愛光太陽能有限公司多年來如何實現利潤增長當然是件好事,但未來對股東來說更爲重要。您可以在這張免費的交互式圖片中看到其資產負債表如何隨着時間的推移而增強(或減弱)。
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. As it happens, Shanghai Aiko Solar EnergyLtd's TSR for the last 5 years was 449%, which exceeds the share price return mentioned earlier. The dividends paid by the company have thusly boosted the total shareholder return.
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。碰巧的是,上海愛光太陽能有限公司過去5年的股東總回報率爲449%,超過了前面提到的股價回報率。因此,該公司支付的股息提高了 總 股東回報。
A Different Perspective
不同的視角
We regret to report that Shanghai Aiko Solar EnergyLtd shareholders are down 33% for the year (even including dividends). Unfortunately, that's worse than the broader market decline of 20%. However, it could simply be that the share price has been impacted by broader market jitters. It might be worth keeping an eye on the fundamentals, in case there's a good opportunity. Longer term investors wouldn't be so upset, since they would have made 41%, each year, over five years. 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 Shanghai Aiko Solar EnergyLtd better, we need to consider many other factors. For example, we've discovered 3 warning signs for Shanghai Aiko Solar EnergyLtd (1 is concerning!) that you should be aware of before investing here.
我們遺憾地報告,上海愛光太陽能有限公司的股東今年下跌了33%(甚至包括股息)。不幸的是,這比整個市場20%的跌幅還要嚴重。但是,可能只是股價受到了更廣泛的市場緊張情緒的影響。如果有很好的機會,可能值得關注基本面。長期投資者不會那麼沮喪,因爲他們本可以在五年內每年賺41%。如果基本面數據繼續顯示長期可持續增長,那麼當前的拋售可能是一個值得考慮的機會。長期跟蹤股價表現總是很有意思的。但是,要更好地了解上海愛光太陽能有限公司,我們需要考慮許多其他因素。例如,我們發現了上海愛光太陽能有限公司的 3 個警告標誌(1 個令人擔憂!)在這裏投資之前,您應該注意這一點。
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,那麼你不會想錯過這份業內人士正在收購的成長型公司的免費名單。
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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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。