share_log

Jiangsu Pacific Quartz (SHSE:603688) Stock Performs Better Than Its Underlying Earnings Growth Over Last Five Years

Jiangsu Pacific Quartz (SHSE:603688) Stock Performs Better Than Its Underlying Earnings Growth Over Last Five Years

江蘇太平洋石英(SHSE: 603688)股票表現好於過去五年的基礎收益增長
Simply Wall St ·  02/29 20:56

We think all investors should try to buy and hold high quality multi-year winners. And highest quality companies can see their share prices grow by huge amounts. Just think about the savvy investors who held Jiangsu Pacific Quartz Co., Ltd (SHSE:603688) shares for the last five years, while they gained 418%. If that doesn't get you thinking about long term investing, we don't know what will. It's also up 15% in about a month.

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。最高質量的公司可以看到其股價大幅上漲。想想那些在過去五年中持有江蘇太平洋石英有限公司(SHSE: 603688)股票的精明投資者,他們上漲了418%。如果這不能讓你考慮長期投資,我們不知道會怎樣。它在大約一個月內也上漲了15%。

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。

To paraphrase Benjamin Graham: Over the short term the market is a voting machine, but over the long term it's a weighing machine. 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.

用本傑明·格雷厄姆的話來說:從短期來看,市場是一臺投票機器,但從長遠來看,它是一臺稱重機。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。

Over half a decade, Jiangsu Pacific Quartz managed to grow its earnings per share at 100% a year. The EPS growth is more impressive than the yearly share price gain of 39% over the same period. So one could conclude that the broader market has become more cautious towards the stock. This cautious sentiment is reflected in its (fairly low) P/E ratio of 6.16.

在過去的五年中,江蘇太平洋石英成功地將其每股收益增長到每年100%。每股收益的增長比同期39%的年度股價增長更令人印象深刻。因此,人們可以得出結論,整個市場對該股變得更加謹慎。這種謹慎的情緒反映在其(相當低的)市盈率6.16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
SHSE:603688 Earnings Per Share Growth March 1st 2024
SHSE: 603688 每股收益增長 2024 年 3 月 1 日

We know that Jiangsu Pacific Quartz has improved its bottom line over the last three years, but what does the future have in store? If you are thinking of buying or selling Jiangsu Pacific Quartz stock, you should check out this FREE detailed report on its balance sheet.

我們知道江蘇太平洋石英在過去三年中提高了利潤,但是未來會怎樣?如果您正在考慮買入或賣出江蘇太平洋石英股票,則應在其資產負債表上查看這份免費的詳細報告。

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 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 Jiangsu Pacific Quartz the TSR over the last 5 years was 446%, which is better than the share price return mentioned above. This is largely a result of its dividend payments!

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。我們注意到,對於江蘇太平洋石英而言,過去5年的股東總回報率爲446%,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 Jiangsu Pacific Quartz shareholders are down 39% for the year (even including dividends). Unfortunately, that's worse than the broader market decline of 19%. 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. Longer term investors wouldn't be so upset, since they would have made 40%, each year, over five years. It could be that the recent sell-off is an opportunity, so it may be worth checking the fundamental data for signs of a long term growth trend. 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. Case in point: We've spotted 2 warning signs for Jiangsu Pacific Quartz you should be aware of, and 1 of them is a bit unpleasant.

我們遺憾地報告,江蘇太平洋石英的股東今年下跌了39%(甚至包括股息)。不幸的是,這比整個市場19%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。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40%。最近的拋售可能是一個機會,因此可能值得查看基本面數據以尋找長期增長趨勢的跡象。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。一個很好的例子:我們已經發現了兩個你應該注意的江蘇太平洋石英的警告標誌,其中一個有點不愉快。

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。

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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。

声明:本內容僅用作提供資訊及教育之目的,不構成對任何特定投資或投資策略的推薦或認可。 更多信息
    搶先評論