Yizumi Holdings' (SZSE:300415) Earnings Growth Rate Lags the 29% CAGR Delivered to Shareholders
Yizumi Holdings' (SZSE:300415) Earnings Growth Rate Lags the 29% CAGR Delivered to Shareholders
The worst result, after buying shares in a company (assuming no leverage), would be if you lose all the money you put in. But on a lighter note, a good company can see its share price rise well over 100%. Long term Yizumi Holdings Co., Ltd. (SZSE:300415) shareholders would be well aware of this, since the stock is up 231% in five years. It's also good to see the share price up 35% over the last quarter.
在購買公司股票後(假設沒有槓桿),最糟糕的結果是您失去了所有投入的資金。但從積極的角度來看,一家好公司的股價可以看到上漲超過100%。長揸伊之密股份有限公司(SZSE:300415)的股東應該很清楚這一點,因爲該股在五年內上漲了231%。過去一季度也看到股價上漲了35%。
While this past week has detracted from the company's five-year return, let's look at the recent trends of the underlying business and see if the gains have been in alignment.
雖然過去的一週削弱了公司的五年回報,但讓我們看看業務的最近趨勢,並查看收益是否已對齊。
While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance. One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement.
雖然市場是一個強大的定價機制,但股價反映的不僅僅是企業的基本業績,還有投資者的情緒。一個不完美但簡單的方式來考慮公司市場意識的變化是比較每股收益(EPS)的變化和股價的變化。
During five years of share price growth, Yizumi Holdings achieved compound earnings per share (EPS) growth of 21% per year. This EPS growth is lower than the 27% average annual increase in the share price. This suggests that market participants hold the company in higher regard, these days. And that's hardly shocking given the track record of growth.
在五年的股價增長中,伊之密實現了21%的年度複合每股收益增長。該EPS增長低於股價平均每年增長27%。這表明市場參與者更高地看待該公司,這在考慮到增長曆程後並不奇怪。
The image below shows how EPS has tracked over time (if you click on the image you can see greater detail).
下圖顯示了EPS隨時間的變化情況(如果您單擊該圖像,則可以查看更多詳細信息)。
![earnings-per-share-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240529/0-6fa75babb4223362928217f2aa68837c-0-398d9936cbbd332395c31b20ed21178f.png/big)
We know that Yizumi Holdings has improved its bottom line lately, but is it going to grow revenue? This free report showing analyst revenue forecasts should help you figure out if the EPS growth can be sustained.
我們知道,伊之密近期已經改善了其底線,但它是否會增長營業收入呢?這份免費報告顯示的分析師收入預測,應該能幫助你確定EPS增長是否可以持續。
What About Dividends?
那麼分紅怎麼樣呢?
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. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. As it happens, Yizumi Holdings' TSR for the last 5 years was 264%, which exceeds the share price return mentioned earlier. And there's no prize for guessing that the dividend payments largely explain the divergence!
考慮到任何給定股票的總股東回報率以及股票價格回報率非常重要。TSR是一種回報率計算,考慮到現金股利的價值(假設任何收到的股利都得到了再投資),以及任何打折的資本募集和剝離的計算價值。可以說TSR給出了更全面的股票回報率圖像。恰巧的是,伊之密過去5年的TSR爲264%,超過了先前提到的股票價格回報率。並且可以毫不費力地猜到,紅利支付大部分解釋了這種分歧!
A Different Perspective
不同的觀點
We're pleased to report that Yizumi Holdings shareholders have received a total shareholder return of 32% over one year. And that does include the dividend. That's better than the annualised return of 29% over half a decade, implying that the company is doing better recently. Someone with an optimistic perspective could view the recent improvement in TSR as indicating that the business itself is getting better with time. 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. Take risks, for example - Yizumi Holdings has 1 warning sign we think you should be aware of.
我們很高興地報告,伊之密的股東在一年內獲得了32%的股東總回報率。這當然包括紅利。這比過去半個十年的年化回報率29%要好,這意味着公司最近表現更好。持有樂觀態度的人可能會將TSR的最近改善視爲表明公司本身隨着時間的推移變得越來越好。雖然值得考慮市場條件可能對股價產生的各種影響,但還有其他更重要的因素。例如承擔風險——伊之密有1個警告信號,我們認爲您應該知道。
For those who like to find winning investments this free list of undervalued companies with recent insider purchasing, could be just the ticket.
對於那些喜歡尋找獲勝投資的人來說,最近有內部購買的低估公司免費列表可能是一個很好的選擇。
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上市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.
對本文有反饋?關於內容有所顧慮?直接和我們聯繫。或電郵 editorial-team (at) simplywallst.com。
這篇文章是Simply Wall St的一般性文章。我們根據歷史數據和分析師預測提供評論,只使用公正的方法論,我們的文章並不意味着提供任何金融建議。文章不構成買賣任何股票的建議,也不考慮您的目標或您的財務狀況。我們的目標是帶給您基本數據驅動的長期關注分析。請注意,我們的分析可能不考慮最新的價格敏感公司公告或定性材料。Simply Wall St沒有任何股票頭寸。