The Three-year Earnings Decline Is Not Helping Zhejiang Yankon Group's (SHSE:600261 Share Price, as Stock Falls Another 9.0% in Past Week
The Three-year Earnings Decline Is Not Helping Zhejiang Yankon Group's (SHSE:600261 Share Price, as Stock Falls Another 9.0% in Past Week
One of the frustrations of investing is when a stock goes down. But when the market is down, you're bound to have some losers. The Zhejiang Yankon Group Co., Ltd. (SHSE:600261) is down 22% over three years, but the total shareholder return is -8.2% once you include the dividend. And that total return actually beats the market decline of 28%. The share price has dropped 23% in three months. But this could be related to the weak market, which is down 15% in the same period.
投資的挫折之一是股票下跌。但是,當市場下跌時,你肯定會有一些輸家。浙江洋康集團有限公司(SHSE: 600261)在三年內下跌了22%,但如果包括股息,股東總回報率爲-8.2%。而總回報率實際上超過了28%的市場跌幅。股價在三個月內下跌了23%。但這可能與疲軟的市場有關,同期市場下跌了15%。
After losing 9.0% this past week, it's worth investigating the company's fundamentals to see what we can infer from past performance.
在上週下跌9.0%之後,值得研究該公司的基本面,看看我們可以從過去的表現中推斷出什麼。
While the efficient markets hypothesis continues to be taught by some, it has been proven that markets are over-reactive dynamic systems, and investors are not always rational. By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time.
儘管一些人繼續教導高效市場假說,但事實證明,市場是反應過度的動態系統,投資者並不總是理性的。通過比較每股收益(EPS)和一段時間內的股價變化,我們可以了解投資者對公司的態度是如何隨着時間的推移而變化的。
During the three years that the share price fell, Zhejiang Yankon Group's earnings per share (EPS) dropped by 21% each year. In comparison the 8% compound annual share price decline isn't as bad as the EPS drop-off. So the market may not be too worried about the EPS figure, at the moment -- or it may have previously priced some of the drop in.
在股價下跌的三年中,浙江陽康集團的每股收益(EPS)每年下降21%。相比之下,8%的複合年股價下跌幅度沒有每股收益的下降那麼嚴重。因此,目前市場可能不太擔心每股收益的數字,或者此前可能已經將部分下跌定價了。
The image below shows how EPS has tracked over time (if you click on the image you can see greater detail).
下圖顯示了 EPS 在一段時間內的跟蹤情況(如果你點擊圖片,你可以看到更多細節)。
![earnings-per-share-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240202/0-1eaa79fe41404be10ad0d8ae5b63cacf-0-5a02ce9aec83caad6a4785379d70e3fe.png/big)
It might be well worthwhile taking a look at our free report on Zhejiang Yankon Group's earnings, revenue and cash flow.
可能值得一看我們關於浙江揚康集團收益、收入和現金流的免費報告。
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 incorporates the value of any spin-offs or discounted capital raisings, along with any dividends, based on the assumption that the dividends are reinvested. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. As it happens, Zhejiang Yankon Group's TSR for the last 3 years was -8.2%, 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。基於股息再投資的假設,股東總回報率納入了任何分拆或貼現資本籌集的價值以及任何股息。因此,對於支付豐厚股息的公司來說,股東總回報率通常遠高於股價回報率。碰巧的是,浙江陽光集團過去3年的股東總回報率爲-8.2%,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
While it's never nice to take a loss, Zhejiang Yankon Group shareholders can take comfort that , including dividends,their trailing twelve month loss of 15% wasn't as bad as the market loss of around 25%. Longer term investors wouldn't be so upset, since they would have made 2%, each year, over five years. In the best case scenario the last year is just a temporary blip on the journey to 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. To that end, you should learn about the 3 warning signs we've spotted with Zhejiang Yankon Group (including 1 which is a bit concerning) .
儘管虧損從來都不是一件好事,但浙江洋康集團的股東可以放心,包括股息在內,他們過去十二個月的15%虧損沒有25%左右的市場虧損那麼嚴重。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2%。在最好的情況下,去年只是通往更光明未來之旅中的一個暫時階段。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。爲此,你應該了解一下我們在浙江揚科集團發現的3個警告信號(包括一個有點令人擔憂的警告)。
For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
對於那些喜歡尋找中獎投資的人來說,這份最近有內幕收購的成長型公司的免費名單可能只是門票。
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。