Despite the Downward Trend in Earnings at Shenzhen Gongjin Electronics (SHSE:603118) the Stock Advances 6.2%, Bringing Three-year Gains to 17%
Despite the Downward Trend in Earnings at Shenzhen Gongjin Electronics (SHSE:603118) the Stock Advances 6.2%, Bringing Three-year Gains to 17%
By buying an index fund, investors can approximate the average market return. But if you pick the right individual stocks, you could make more than that. For example, the Shenzhen Gongjin Electronics Co., Ltd. (SHSE:603118) share price is up 12% in the last three years, clearly besting the market decline of around 18% (not including dividends).
通過購買指數基金,投資者可以估算出平均市場回報率。但是,如果你選擇正確的個股,你的收入可能不止於此。例如,深圳共進電子有限公司(SHSE: 603118)的股價在過去三年中上漲了12%,明顯超過了市場約18%(不包括股息)的跌幅。
After a strong gain in the past week, it's worth seeing if longer term returns have been driven by improving fundamentals.
在過去一週強勁上漲之後,值得一看的是長期回報是否是由基本面改善推動的。
To quote Buffett, 'Ships will sail around the world but the Flat Earth Society will flourish. There will continue to be wide discrepancies between price and value in the marketplace...' 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.
引用巴菲特的話說:“船隻將在世界各地航行,但Flat Earth Society將蓬勃發展。市場上的價格和價值之間將繼續存在巨大差異...”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 the last three years, Shenzhen Gongjin Electronics failed to grow earnings per share, which fell 46% (annualized).
在過去三年中,深圳共進電子未能增長每股收益,下降了46%(按年計算)。
The strong decline in earnings per share suggests the market isn't using EPS to judge the company. So we'll need to take a look at some different metrics to try to understand why the share price remains solid.
每股收益的強勁下降表明市場沒有使用每股收益來評判該公司。因此,我們需要研究一些不同的指標,以了解爲什麼股價保持穩定。
The modest 1.3% dividend yield is unlikely to be propping up the share price. It may well be that Shenzhen Gongjin Electronics revenue growth rate of 5.2% over three years has convinced shareholders to believe in a brighter future. If the company is being managed for the long term good, today's shareholders might be right to hold on.
1.3%的適度股息收益率不太可能支撐股價。深圳共進電子在三年內實現5.2%的收入增長率很可能說服了股東相信更光明的未來。如果公司的管理是爲了長期利益,那麼今天的股東堅持下去可能是正確的。
You can see below how earnings and revenue have changed over time (discover the exact values by clicking on the image).
您可以在下面看到收入和收入如何隨着時間的推移而變化(點擊圖片了解確切的值)。
![earnings-and-revenue-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240320/0-7295fd0ed9f0175d32b865334f7d8009-0-c3e99c33c0889a5011d63b382eab5cfa.png/big)
You can see how its balance sheet has strengthened (or weakened) over time in this free interactive graphic.
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?
When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. 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. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. We note that for Shenzhen Gongjin Electronics the TSR over the last 3 years was 17%, which is better than the share price return mentioned above. The dividends paid by the company have thusly boosted the total shareholder return.
在考慮投資回報時,重要的是要考慮兩者之間的區別 股東總回報 (TSR) 和 股價回報。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,深圳共進電子在過去3年的股東總回報率爲17%,好於上述股價回報率。因此,該公司支付的股息提高了 總 股東回報。
A Different Perspective
不同的視角
While it's certainly disappointing to see that Shenzhen Gongjin Electronics shares lost 2.0% throughout the year, that wasn't as bad as the market loss of 9.5%. Of course, the long term returns are far more important and the good news is that over five years, the stock has returned 3% for each year. In the best case scenario the last year is just a temporary blip on the journey to a brighter future. 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. Like risks, for instance. Every company has them, and we've spotted 3 warning signs for Shenzhen Gongjin Electronics (of which 1 makes us a bit uncomfortable!) you should know about.
儘管深圳共進電子股價全年下跌2.0%確實令人失望,但這還不如9.5%的市場跌幅那麼糟糕。當然,長期回報要重要得多,好消息是,在過去的五年中,該股每年的回報率爲3%。在最好的情況下,去年只是通往更光明未來之旅中的一個暫時階段。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。比如風險。每家公司都有它們,我們已經發現了深圳共進電子的3個警告標誌(其中1個讓我們有點不舒服!)你應該知道。
If you are like me, then you will not want to miss this free list of growing companies that insiders are buying.
如果你像我一樣,那麼你不會想錯過這份業內人士正在收購的成長型公司的免費名單。
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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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。