Earnings Grew Faster Than the Respectable 47% Return Delivered to HBIS Resources (SZSE:000923) Shareholders Over the Last Year
Earnings Grew Faster Than the Respectable 47% Return Delivered to HBIS Resources (SZSE:000923) Shareholders Over the Last Year
These days it's easy to simply buy an index fund, and your returns should (roughly) match the market. But investors can boost returns by picking market-beating companies to own shares in. For example, the HBIS Resources Co., Ltd. (SZSE:000923) share price is up 43% in the last 1 year, clearly besting the market decline of around 12% (not including dividends). That's a solid performance by our standards! Unfortunately the longer term returns are not so good, with the stock falling 14% in the last three years.
現在很容易買入指數基金,從而獲得市場收益。但投資者可以通過選擇跑贏市場的公司持有股份來提高回報。例如,河鋼資源股份有限公司(SZSE:000923)股價在過去一年中上漲了43%,明顯跑贏了市場的下跌約12%(不包括股息)。這是我們的一個不錯的表現!不幸的是,長期回報不太好,在過去三年中股價下跌了14%。
In light of the stock dropping 3.7% in the past week, we want to investigate the longer term story, and see if fundamentals have been the driver of the company's positive one-year return.
鑑於該股過去一週下跌了3.7%,我們希望調查更長期的故事,並查看基本面是否推動公司的正面一年回報。
In his essay The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not always rationally reflect the value of a business. 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.
在他的文章《格雷厄姆和多德斯維爾超級投資者》中,禾倫·巴菲特描述了股票價格並不總是反映公司價值的合理方式。考慮市場對公司的看法如何發生變化的一個不完美但簡單的方法是將每股收益(EPS)的變化與股價的變動進行比較。股票價格並不總是反映公司價值的合理方式禾倫·巴菲特描述了股票價格並不總是理性反映企業價值的情況。通過比較每股收益(EPS)和股價隨時間的變化,我們可以了解投資者對公司的態度如何隨着時間而變化。
HBIS Resources was able to grow EPS by 70% in the last twelve months. This EPS growth is significantly higher than the 43% increase in the share price. So it seems like the market has cooled on HBIS Resources, despite the growth. Interesting.
河鋼資源能夠在過去十二個月內將每股收益增長70%。這種增長明顯高於股價上漲的43%。所以儘管有增長,但看起來市場對河鋼資源已經冷落了。很有意思。
You can see how EPS has changed over time in the image below (click on the chart to see the exact values).
您可以在下面的圖片中查看每股收益如何隨時間變化(單擊圖表以查看確切的價值)。
![earnings-per-share-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240601/0-f134c6bfff1674a8b5acbc56cdba4d38-0-a8558065f5979051a801b87375e7689c.png/big)
We know that HBIS Resources has improved its bottom line lately, but is it going to grow revenue? You could check out this free report showing analyst revenue forecasts.
我們知道河鋼資源最近的盈利狀況有所提高,但它將增長營業收入嗎? 您可以查看此免費報告以了解分析師對營收的預測。
What About Dividends?
那麼分紅怎麼樣呢?
When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. The TSR incorporates the value of any spin-offs or discounted capital raisings, along with any dividends, based on the assumption that the dividends are reinvested. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. As it happens, HBIS Resources' TSR for the last 1 year was 47%, which exceeds the share price return mentioned earlier. And there's no prize for guessing that the dividend payments largely explain the divergence!
在考慮投資回報時,重要的是考慮總股東回報(TSR)和股票回報之間的差異。 TSR包括任何剝離或折讓的資本籌集(基於股息被重新投資的假設),以及任何股息。因此,對於支付慷慨的股息公司而言,TSR通常比股票回報高得多。就中國神威藥業集團而言,其TSR在過去5年中達到了75%。這超過了我們之前提到的股票回報。該公司支付的股息已經提高了總股東回報。總股東回報和股票回報TSR包括扣除折價的資本募集和分拆,並根據假設股息被再投資,同時考慮到股息,對支付股息的股票給出了更全面的圖像。事實上,河鋼資源在過去一年中的TSR爲47%,超過前面提到的股票回報率。毫無疑問,股息付款很大程度上解釋了這種分歧!
A Different Perspective
不同的觀點
It's nice to see that HBIS Resources shareholders have received a total shareholder return of 47% over the last year. Of course, that includes the dividend. Since the one-year TSR is better than the five-year TSR (the latter coming in at 5% per year), it would seem that the stock's performance has improved in recent times. Given the share price momentum remains strong, it might be worth taking a closer look at the stock, lest you miss an opportunity. 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 - HBIS Resources has 1 warning sign we think you should be aware of.
很高興看到河鋼資源的股東在過去一年中獲得了47%的總股東回報。當然,這包括股息。由於一年的TSR比五年的TSR(後者每年爲5%)要好,因此股票的表現似乎已經在最近得到了改善。鑑於股票的勢頭仍然強勁,可能值得更加密切地關注該股,以免錯過機會。儘管值得考慮市場環境對股票價格的影響,但還有其他更重要的因素。例如,承擔風險 - 我們認爲河鋼資源有1個警告信號需要您注意。
If you are like me, then you will not want to miss this free list of undervalued small caps that insiders are buying.
如果您像我一樣,就不會希望錯過這份免費的內部人士正在購買的低估小市值股票列表。
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。
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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。