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Explosive's (SZSE:002096) Five-year Earnings Growth Trails the Notable Shareholder Returns

Explosive's (SZSE:002096) Five-year Earnings Growth Trails the Notable Shareholder Returns

Explosome (SZSE: 002096) 的五年收益增長落後於顯著的股東回報
Simply Wall St ·  03/12 19:22

Stock pickers are generally looking for stocks that will outperform the broader market. And the truth is, you can make significant gains if you buy good quality businesses at the right price. To wit, the Explosive share price has climbed 58% in five years, easily topping the market return of 3.5% (ignoring dividends).

選股者通常在尋找表現優於大盤的股票。事實是,如果你以合適的價格購買高質量的企業,你可以獲得可觀的收益。換句話說,爆炸性股價在五年內上漲了58%,輕鬆超過了3.5%的市場回報率(不計股息)。

The past week has proven to be lucrative for Explosive investors, so let's see if fundamentals drove the company's five-year performance.

事實證明,過去一週對爆炸性投資者來說是有利可圖的,所以讓我們看看基本面是否推動了公司的五年業績。

While the efficient markets hypothesis continues to be taught by some, it has been proven that markets are over-reactive dynamic systems, and investors are not always rational. 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.

儘管一些人繼續教導高效市場假說,但事實證明,市場是反應過度的動態系統,投資者並不總是理性的。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, Explosive managed to grow its earnings per share at 30% a year. This EPS growth is higher than the 10% average annual increase in the share price. Therefore, it seems the market has become relatively pessimistic about the company. Having said that, the market is still optimistic, given the P/E ratio of 63.90.

在過去的五年中,Explosive設法將其每股收益增長到每年30%。每股收益的增長高於股價10%的平均年增長率。因此,市場似乎對該公司變得相對悲觀。話雖如此,鑑於市盈率爲63.90,市場仍然樂觀。

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
SZSE:002096 Earnings Per Share Growth March 12th 2024
SZSE: 002096 每股收益增長 2024 年 3 月 12 日

It is of course excellent to see how Explosive has grown profits over the years, but the future is more important for shareholders. If you are thinking of buying or selling Explosive stock, you should check out this FREE detailed report on its balance sheet.

看到Explosive多年來如何增加利潤當然是件好事,但未來對股東來說更爲重要。如果您正在考慮買入或賣出爆炸性股票,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?

As well as measuring the share price return, investors should also consider the total shareholder return (TSR). Whereas the share price return only reflects the change in the share price, the TSR includes the value of dividends (assuming they were reinvested) and the benefit of any discounted capital raising or spin-off. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. We note that for Explosive the TSR over the last 5 years was 60%, 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)。儘管股價回報率僅反映股價的變化,但股東總回報率包括股息的價值(假設已進行再投資)以及任何折扣融資或分拆的收益。可以說,股東總回報率更全面地描述了股票產生的回報。我們注意到,Explosive在過去5年的股東總回報率爲60%,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

While it's certainly disappointing to see that Explosive shares lost 8.7% throughout the year, that wasn't as bad as the market loss of 13%. Of course, the long term returns are far more important and the good news is that over five years, the stock has returned 10% for each year. It could be that the business is just facing some short term problems, but shareholders should keep a close eye on the fundamentals. 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. To that end, you should be aware of the 2 warning signs we've spotted with Explosive .

儘管爆炸股全年下跌8.7%肯定令人失望,但這還不如13%的市場跌幅那麼糟糕。當然,長期回報要重要得多,好消息是,在五年中,該股每年的回報率爲10%。可能是該企業正面臨一些短期問題,但股東應密切關注基本面。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。爲此,你應該注意我們在爆炸物中發現的兩個警告信號。

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 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
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