Anhui Gujing Distillery's (SZSE:000596) Five-year Earnings Growth Trails the 20% YoY Shareholder Returns
Anhui Gujing Distillery's (SZSE:000596) Five-year Earnings Growth Trails the 20% YoY Shareholder Returns
When you buy a stock there is always a possibility that it could drop 100%. But on the bright side, if you buy shares in a high quality company at the right price, you can gain well over 100%. One great example is Anhui Gujing Distillery Co., Ltd. (SZSE:000596) which saw its share price drive 136% higher over five years. Also pleasing for shareholders was the 12% gain in the last three months.
當您購買股票時,存在可能下跌100%的風險。但好的一面是,如果您以合適的價格購買高質量公司的股份,則可以獲得遠遠超過100%的收益。一個很好的例子是古井貢b(SZSE:000596),其股價在五年內上漲了136%。同樣令股東高興的是,在過去的三個月中,該公司的股價上漲了12%。
After a strong gain in the past week, it's worth seeing if longer term returns have been driven by improving fundamentals.
在過去的一週之內,獲得的強勁收益是否表明了長期回報受到基本面的推動值得關注。
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. 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.
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·巴菲特曾經描述過,股價並不總是理性地反映了企業的價值。評估市場對一家公司的情緒如何變化的一個有缺陷但合理的方法是將每股收益(EPS)與股價進行比較。
During five years of share price growth, Anhui Gujing Distillery achieved compound earnings per share (EPS) growth of 21% per year. This EPS growth is reasonably close to the 19% average annual increase in the share price. That suggests that the market sentiment around the company hasn't changed much over that time. Indeed, it would appear the share price is reacting to the EPS.
在五年的股價上漲過程中,古井貢b實現了每股收益(EPS)增長21%/年的複合增長率。此EPS增長率與股價平均每年增長19%相當接近。這表明市場對該公司的情緒在那段時間內並沒有發生太大變化。實際上,股價似乎正在對EPS做出反應。
The graphic below depicts how EPS has changed over time (unveil the exact values by clicking on the image).
下圖顯示了EPS隨時間變化的情況(點擊圖像以顯示確切值)。
![earnings-per-share-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240605/0-bceea0cb19abf5b8a15628eb08900d94-0-785e180bc05376ee67cce317e69730b7.png/big)
It is of course excellent to see how Anhui Gujing Distillery has grown profits over the years, but the future is more important for shareholders. This free interactive report on Anhui Gujing Distillery's balance sheet strength is a great place to start, if you want to investigate the stock further.
當然,看到古井貢b多年來的盈利增長很好,但對股東來說,未來更爲重要。如果您想進一步調查該股票,古井貢b資產負債表強度的這份免費互動報告是一個很好的起點。
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, Anhui Gujing Distillery's TSR for the last 5 years was 149%, which exceeds the share price return mentioned earlier. The dividends paid by the company have thusly boosted the total shareholder return.
對於任何給定的股票,考慮到股息(假設收到的任何股息都是再投資的)的價值以及任何折扣融資和分拆的計算價值,總股東回報率(TSR)都是一個重要考慮因素。可以說,TSR更全面地反映了股票的回報。恰恰相反,古井貢b過去5年的TSR爲149%,超過了先前提到的股價回報。因此,該公司支付的股息提高了……總股東回報。
A Different Perspective
不同的觀點
It's nice to see that Anhui Gujing Distillery shareholders have received a total shareholder return of 6.2% over the last year. And that does include the dividend. However, that falls short of the 20% TSR per annum it has made for shareholders, each year, over five years. Potential buyers might understandably feel they've missed the opportunity, but it's always possible business is still firing on all cylinders. It's always interesting to track share price performance over the longer term. But to understand Anhui Gujing Distillery better, we need to consider many other factors. To that end, you should learn about the 2 warning signs we've spotted with Anhui Gujing Distillery (including 1 which shouldn't be ignored) .
很高興看到古井貢b股東在過去一年中獲得了6.2%的總股東回報。這當然包括股息。然而,這還不足以達到它每年爲股東提供的20%的TSR,這已經持續了五年。潛在買家可能理所當然地認爲他們已經錯過了機會,但對於業務仍在順利進行的可能性來說,這總是有可能的。 跟蹤股價在較長時間內的表現總是很有趣的。但是要更好地了解古井貢b,我們需要考慮許多其他因素。爲此,您應該學習有關我們發現的2個警告信號的內容(包括一個不應被忽視的信號) 。
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。