Fufeng Group (HKG:546) Stock Performs Better Than Its Underlying Earnings Growth Over Last Three Years
Fufeng Group (HKG:546) Stock Performs Better Than Its Underlying Earnings Growth Over Last Three Years
By buying an index fund, you can roughly match the market return with ease. But if you choose individual stocks with prowess, you can make superior returns. Just take a look at Fufeng Group Limited (HKG:546), which is up 47%, over three years, soundly beating the market decline of 35% (not including dividends). However, more recent returns haven't been as impressive as that, with the stock returning just 16% in the last year , including dividends .
通過購買指數基金,您可以輕鬆地大致匹配市場回報。但是,如果你選擇有實力的個股,你可以獲得豐厚的回報。看看富豐集團有限公司(HKG: 546),該公司在三年內上漲了47%,大大超過了35%的市場跌幅(不包括股息)。但是,最近的回報並不那麼令人印象深刻,該股去年的回報率僅爲16%,包括股息。
Since it's been a strong week for Fufeng Group shareholders, let's have a look at trend of the longer term fundamentals.
由於對富豐集團股東來說,這是強勁的一週,讓我們來看看長期基本面的走勢。
While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance. 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).
雖然市場是一種強大的定價機制,但股價反映了投資者的情緒,而不僅僅是潛在的業務表現。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。
During three years of share price growth, Fufeng Group achieved compound earnings per share growth of 55% per year. This EPS growth is higher than the 14% average annual increase in the share price. So it seems investors have become more cautious about the company, over time. We'd venture the lowish P/E ratio of 3.39 also reflects the negative sentiment around the stock.
在三年的股價增長中,富豐集團實現了每年55%的複合每股收益增長。每股收益的增長高於股價年均增長14%。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。我們認爲,3.39的低市盈率也反映了該股的負面情緒。
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)。
It's probably worth noting we've seen significant insider buying in the last quarter, which we consider a positive. On the other hand, we think the revenue and earnings trends are much more meaningful measures of the business. It might be well worthwhile taking a look at our free report on Fufeng Group's earnings, revenue and cash flow.
可能值得注意的是,我們在上個季度看到了大量的內幕買盤,我們認爲這是積極的。另一方面,我們認爲收入和收益趨勢是衡量業務的更有意義的指標。可能值得一看我們關於富豐集團收益、收入和現金流的免費報告。
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. In the case of Fufeng Group, it has a TSR of 99% for the last 3 years. That exceeds its share price return that we previously mentioned. 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)。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。以富豐集團爲例,在過去三年中,其股東回報率爲99%。這超過了我們之前提到的其股價回報率。這在很大程度上是其股息支付的結果!
A Different Perspective
不同的視角
It's good to see that Fufeng Group has rewarded shareholders with a total shareholder return of 16% in the last twelve months. Of course, that includes the dividend. That's better than the annualised return of 13% over half a decade, implying that the company is doing better recently. 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 Fufeng Group better, we need to consider many other factors. Even so, be aware that Fufeng Group is showing 1 warning sign in our investment analysis , you should know about...
很高興看到富豐集團在過去十二個月中向股東提供了16%的總股東回報率。當然,這包括股息。這比五年來13%的年化回報率要好,這意味着該公司最近的表現更好。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,爲了更好地了解富豐集團,我們需要考慮許多其他因素。即便如此,請注意,富豐集團在我們的投資分析中顯示了1個警告信號,您應該知道...
If you like to buy stocks alongside management, then you might just love this free list of companies. (Hint: insiders have been buying them).
如果你想與管理層一起購買股票,那麼你可能會喜歡這份免費的公司名單。(提示:業內人士一直在購買它們)。
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on Hong Kong exchanges.
請注意,本文引用的市場回報反映了目前在香港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。