Hubei Feilihua Quartz Glass (SZSE:300395) Jumps 20% This Week, Though Earnings Growth Is Still Tracking Behind Five-year Shareholder Returns
Hubei Feilihua Quartz Glass (SZSE:300395) Jumps 20% This Week, Though Earnings Growth Is Still Tracking Behind Five-year Shareholder Returns
The last three months have been tough on Hubei Feilihua Quartz Glass Co., Ltd. (SZSE:300395) shareholders, who have seen the share price decline a rather worrying 32%. But that scarcely detracts from the really solid long term returns generated by the company over five years. In fact, the share price is 144% higher today. We think it's more important to dwell on the long term returns than the short term returns. Of course, that doesn't necessarily mean it's cheap now. Unfortunately not all shareholders will have held it for the long term, so spare a thought for those caught in the 44% decline over the last twelve months.
過去三個月對湖北飛利華石英玻璃有限公司(深圳證券交易所代碼:300395)的股東來說是艱難的,他們的股價下跌了相當令人擔憂的32%。但這絲毫不影響該公司在五年內創造的真正穩健的長期回報。實際上,今天的股價上漲了144%。我們認爲,關注長期回報比短期回報更重要。當然,這並不一定意味着它現在很便宜。不幸的是,並非所有股東都會長揸該股票,因此請多考慮那些在過去十二個月中跌幅爲44%的股東。
Since it's been a strong week for Hubei Feilihua Quartz Glass shareholders, let's have a look at trend of the longer term fundamentals.
由於對湖北飛利華石英玻璃股東來說,這是強勁的一週,讓我們來看看長期基本面的走勢。
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 flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price.
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。評估公司情緒變化的一種有缺陷但合理的方法是將每股收益(EPS)與股價進行比較。
Over half a decade, Hubei Feilihua Quartz Glass managed to grow its earnings per share at 23% a year. So the EPS growth rate is rather close to the annualized share price gain of 20% per year. Therefore one could conclude that sentiment towards the shares hasn't morphed very much. Indeed, it would appear the share price is reacting to the EPS.
在過去的五年中,湖北飛利華石英玻璃成功地將每股收益增長到每年23%。因此,每股收益的增長率相當接近每年20%的年化股價漲幅。因此,人們可以得出結論,對股票的情緒並沒有太大變化。事實上,看來股價正在對每股收益做出反應。
You can see below how EPS has changed over time (discover the exact values by clicking on the image).
你可以在下面看到 EPS 是如何隨着時間的推移而變化的(點擊圖片發現確切的值)。
![earnings-per-share-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240212/0-17714d336a1e223af65569a1b0b3effb-0-e2780c439955fff2596aa9756ff3e76e.png/big)
It is of course excellent to see how Hubei Feilihua Quartz Glass has grown profits over the years, but the future is more important for shareholders. It might be well worthwhile taking a look at our free report on how its financial position has changed over time.
看到湖北飛利華石英玻璃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。可能值得一看我們的免費報告,了解其財務狀況如何隨着時間的推移而變化。
What About Dividends?
分紅呢?
As well as measuring the share price return, investors should also consider the total shareholder return (TSR). 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. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. We note that for Hubei Feilihua Quartz Glass the TSR over the last 5 years was 152%, which is better than the share price return mentioned above. This is largely a result of its dividend payments!
除了衡量股價回報率外,投資者還應考慮股東總回報率(TSR)。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。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,湖北飛利華石英玻璃在過去5年的股東總回報率爲152%,好於上述股價回報率。這在很大程度上是其股息支付的結果!
A Different Perspective
不同的視角
We regret to report that Hubei Feilihua Quartz Glass shareholders are down 44% for the year (even including dividends). Unfortunately, that's worse than the broader market decline of 22%. Having said that, it's inevitable that some stocks will be oversold in a falling market. The key is to keep your eyes on the fundamental developments. On the bright side, long term shareholders have made money, with a gain of 20% per year over half a decade. If the fundamental data continues to indicate long term sustainable growth, the current sell-off could be an opportunity worth considering. Before forming an opinion on Hubei Feilihua Quartz Glass you might want to consider these 3 valuation metrics.
我們遺憾地報告,湖北飛利華石英玻璃的股東今年下跌了44%(甚至包括股息)。不幸的是,這比整個市場22%的跌幅還要嚴重。話雖如此,在下跌的市場中,一些股票不可避免地會被超賣。關鍵是要密切關注基本發展。好的一面是,長期股東賺了錢,在過去的五年中,每年增長20%。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。在對湖北飛利華石英玻璃形成意見之前,您可能需要考慮這三個估值指標。
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of companies that have proven they can grow earnings.
如果你想看看另一家公司——一家財務狀況可能優異的公司——那麼千萬不要錯過這份已經證明自己可以增加收益的公司的免費名單。
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。