Shanghai Huayi Group's (SHSE:600623) Earnings Trajectory Could Turn Positive as the Stock Rallies 3.3% This Past Week
Shanghai Huayi Group's (SHSE:600623) Earnings Trajectory Could Turn Positive as the Stock Rallies 3.3% This Past Week
The main aim of stock picking is to find the market-beating stocks. But even the best stock picker will only win with some selections. So we wouldn't blame long term Shanghai Huayi Group Corporation Limited (SHSE:600623) shareholders for doubting their decision to hold, with the stock down 32% over a half decade.
選股的主要目的是找到擊敗市場的股票。但是,即使是最好的選股者也只能通過以下方式獲勝 一些 選擇。因此,我們不會責怪上海華誼集團有限公司(SHSE: 600623)的長期股東對他們的持股決定表示懷疑,該股在五年內下跌了32%。
Although the past week has been more reassuring for shareholders, they're still in the red over the last five years, so let's see if the underlying business has been responsible for the decline.
儘管過去一週令股東更加放心,但在過去五年中,他們仍處於虧損狀態,所以讓我們看看基礎業務是否是造成下降的原因。
While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance. 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.
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。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。
Looking back five years, both Shanghai Huayi Group's share price and EPS declined; the latter at a rate of 16% per year. This fall in the EPS is worse than the 8% compound annual share price fall. The relatively muted share price reaction might be because the market expects the business to turn around.
回顧五年,上海華誼集團的股價和每股收益均有所下降;後者每年下降16%。每股收益的下降比8%的複合年股價下跌還要嚴重。股價反應相對平淡,可能是因爲市場預計業務將好轉。
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/7781/20240321/0-90835edb31d9183a84df67ca18b87032-0-790c59c7bdeddcda4c52c70e34cfe76b.png/big)
It might be well worthwhile taking a look at our free report on Shanghai Huayi Group's earnings, revenue and cash flow.
可能值得一看我們關於上海華誼集團收益、收入和現金流的免費報告。
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. 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. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. As it happens, Shanghai Huayi Group's TSR for the last 5 years was -22%, which exceeds the share price return mentioned earlier. This is largely a result of its dividend payments!
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。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。碰巧的是,上海華誼集團過去5年的股東總回報率爲-22%,超過了前面提到的股價回報率。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 never nice to take a loss, Shanghai Huayi Group shareholders can take comfort that , including dividends,their trailing twelve month loss of 6.7% wasn't as bad as the market loss of around 11%. Unfortunately, last year's performance may indicate unresolved challenges, given that it's worse than the annualised loss of 4% over the last half decade. While some investors do well specializing in buying companies that are struggling (but nonetheless undervalued), don't forget that Buffett said that 'turnarounds seldom turn'. 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. Even so, be aware that Shanghai Huayi Group is showing 3 warning signs in our investment analysis , you should know about...
儘管虧損從來都不是一件好事,但上海華誼集團的股東可以放心,包括股息在內,他們過去十二個月的6.7%的虧損沒有11%左右的市場虧損那麼嚴重。不幸的是,去年的表現可能預示着尚未解決的挑戰,因爲它比過去五年中4%的年化虧損還要糟糕。儘管一些投資者在專門收購陷入困境(但仍被低估)的公司方面表現良好,但不要忘記巴菲特說過 “轉機很少會轉機”。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。即便如此,請注意,上海華誼集團在我們的投資分析中顯示出3個警告信號,您應該知道...
We will like Shanghai Huayi Group better if we see some big insider buys. While we wait, check out this free list of growing companies with considerable, recent, insider buying.
如果我們看到一些大規模的內幕收購,我們會更喜歡上海華誼集團。在我們等待的同時,請查看這份免費清單,列出了最近有大量內幕收購的成長型公司。
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。