Shanxi Coal International Energy GroupLtd's (SHSE:600546) 45% CAGR Outpaced the Company's Earnings Growth Over the Same Five-year Period
Shanxi Coal International Energy GroupLtd's (SHSE:600546) 45% CAGR Outpaced the Company's Earnings Growth Over the Same Five-year Period
We think all investors should try to buy and hold high quality multi-year winners. While not every stock performs well, when investors win, they can win big. To wit, the Shanxi Coal International Energy Group Co.,Ltd (SHSE:600546) share price has soared 412% over five years. This just goes to show the value creation that some businesses can achieve. In more good news, the share price has risen 14% in thirty days.
我們認爲,所有投資者都應該嘗試買入並持有高質量的多年期贏家。儘管並非每隻股票都表現良好,但當投資者獲勝時,他們可以大獲全勝。也就是說,山西煤炭國際能源集團有限公司, Ltd(上海證券交易所代碼:600546)的股價在五年內飆升了412%。這只是表明一些企業可以實現的價值創造。更多好消息是,股價在三十天內上漲了14%。
The past week has proven to be lucrative for Shanxi Coal International Energy GroupLtd investors, so let's see if fundamentals drove the company's five-year performance.
事實證明,過去一週對山西中煤國際能源集團有限公司的投資者來說是有利可圖的,因此,讓我們看看基本面是否推動了該公司的五年業績。
There is no denying that markets are sometimes efficient, but prices do not always reflect underlying business performance. 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.
不可否認,市場有時是有效的,但價格並不總是能反映潛在的業務表現。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, Shanxi Coal International Energy GroupLtd managed to grow its earnings per share at 57% a year. This EPS growth is higher than the 39% average annual increase in the share price. So one could conclude that the broader market has become more cautious towards the stock. The reasonably low P/E ratio of 6.72 also suggests market apprehension.
在過去的五年中,山西煤炭國際能源集團有限公司設法將其每股收益增長到每年57%。每股收益的增長高於股價平均年增長率39%。因此,人們可以得出結論,整個市場對該股變得更加謹慎。相當低的市盈率爲6.72,也表明了市場的擔憂。
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/7781/20240220/0-f0bed373be37f2a86066d00be1af82a6-0-02058f6d245582e8bcf1a2b2962b74d0.png/big)
It is of course excellent to see how Shanxi Coal International Energy GroupLtd 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.
看到山西中煤國際能源集團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?
As well as measuring the share price return, investors should also consider the total shareholder return (TSR). 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. We note that for Shanxi Coal International Energy GroupLtd the TSR over the last 5 years was 547%, 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!
除了衡量股價回報率外,投資者還應考慮股東總回報率(TSR)。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。我們注意到,山西中煤國際能源集團有限公司過去5年的股東總回報率爲547%,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分歧是沒有好處的!
A Different Perspective
不同的視角
It's nice to see that Shanxi Coal International Energy GroupLtd shareholders have received a total shareholder return of 35% over the last year. And that does include the dividend. However, the TSR over five years, coming in at 45% per year, is even more impressive. It's always interesting to track share price performance over the longer term. But to understand Shanxi Coal International Energy GroupLtd better, we need to consider many other factors. Case in point: We've spotted 1 warning sign for Shanxi Coal International Energy GroupLtd you should be aware of.
很高興看到山西中煤國際能源集團有限公司的股東在過去一年中獲得了35%的總股東回報率。這確實包括股息。但是,五年內的股東總回報率爲每年45%,更加令人印象深刻。長期跟蹤股價表現總是很有意思的。但是,要更好地了解山西煤炭國際能源集團有限公司,我們需要考慮許多其他因素。一個很好的例子:我們發現了山西中煤國際能源集團有限公司的一個警告信號,你應該注意。
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of companies we expect will grow earnings.
當然,通過尋找其他地方,你可能會找到一筆不錯的投資。因此,請看一下我們預計收益將增加的這份免費公司名單。
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。