Shanxi Lanhua Sci-Tech VentureLtd (SHSE:600123) Jumps 5.2% This Week, Though Earnings Growth Is Still Tracking Behind Three-year Shareholder Returns
Shanxi Lanhua Sci-Tech VentureLtd (SHSE:600123) Jumps 5.2% This Week, Though Earnings Growth Is Still Tracking Behind Three-year Shareholder Returns
The most you can lose on any stock (assuming you don't use leverage) is 100% of your money. But when you pick a company that is really flourishing, you can make more than 100%. To wit, the Shanxi Lanhua Sci-Tech Venture Co.,Ltd (SHSE:600123) share price has flown 178% in the last three years. That sort of return is as solid as granite. It's also good to see the share price up 19% over the last quarter.
在任何股票上(假設你不使用槓桿),你最多可能損失的就是100%的資金。但是,當你選擇一家真正蓬勃發展的公司時,你可以 使 超過 100%。也就是說,山西蘭花科技創業有限公司, Ltd(上海證券交易所股票代碼:600123)的股價在過去三年中上漲了178%。這種回報就像花崗岩一樣堅實。股價在上個季度上漲了19%也是件好事。
On the back of a solid 7-day performance, let's check what role the company's fundamentals have played in driving long term shareholder returns.
在連續7天表現穩健的背景下,讓我們來看看公司的基本面在推動長期股東回報方面發揮了什麼作用。
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 way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS).
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。研究市場情緒如何隨着時間的推移而變化的一種方法是研究公司股價與其每股收益(EPS)之間的相互作用。
Shanxi Lanhua Sci-Tech VentureLtd was able to grow its EPS at 138% per year over three years, sending the share price higher. This EPS growth is higher than the 41% average annual increase in the share price. So it seems investors have become more cautious about the company, over time. This cautious sentiment is reflected in its (fairly low) P/E ratio of 7.35.
山西蘭花科技創業有限公司得以在三年內以每年138%的速度增長每股收益,這推動了股價的上漲。每股收益的增長高於股價年均增長41%。因此,隨着時間的推移,投資者似乎對該公司變得更加謹慎了。這種謹慎的情緒反映在其(相當低的)市盈率7.35上。
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/7781/20240220/0-dabd175309284fb86899192b8dc2c26a-0-e2da55e31e603683c9cb343f1ae7db5e.png/big)
It is of course excellent to see how Shanxi Lanhua Sci-Tech VentureLtd has grown profits over the years, but the future is more important for shareholders. This free interactive report on Shanxi Lanhua Sci-Tech VentureLtd's balance sheet strength is a great place to start, if you want to investigate the stock further.
看到山西蘭花科技創業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。如果你想進一步調查該股,這份關於山西蘭花科技風險投資有限公司資產負債表實力的免費互動報告是一個很好的起點。
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. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. In the case of Shanxi Lanhua Sci-Tech VentureLtd, it has a TSR of 243% 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!
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。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。就山西蘭花科技創業有限公司而言,其過去三年的股東回報率爲243%。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
It's nice to see that Shanxi Lanhua Sci-Tech VentureLtd shareholders have received a total shareholder return of 24% over the last year. Of course, that includes the dividend. That gain is better than the annual TSR over five years, which is 21%. Therefore it seems like sentiment around the company has been positive lately. In the best case scenario, this may hint at some real business momentum, implying that now could be a great time to delve deeper. It's always interesting to track share price performance over the longer term. But to understand Shanxi Lanhua Sci-Tech VentureLtd better, we need to consider many other factors. For instance, we've identified 1 warning sign for Shanxi Lanhua Sci-Tech VentureLtd that you should be aware of.
很高興看到山西蘭花科技創業有限公司的股東在過去一年中獲得了24%的總股東回報率。當然,這包括股息。這一增幅好於五年內的年度股東總回報率,即21%。因此,最近公司周圍的情緒似乎一直很樂觀。在最好的情況下,這可能暗示着一些真正的業務勢頭,這意味着現在可能是深入研究的好時機。長期跟蹤股價表現總是很有意思的。但是,要更好地了解山西蘭花科技創業有限公司,我們需要考慮許多其他因素。例如,我們已經確定了山西蘭花科技創業有限公司的一個警告信號,你應該注意這一點。
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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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。