The Total Return for Sailun Group (SHSE:601058) Investors Has Risen Faster Than Earnings Growth Over the Last Five Years
The Total Return for Sailun Group (SHSE:601058) Investors Has Risen Faster Than Earnings Growth Over the Last Five Years
Sailun Group Co., Ltd. (SHSE:601058) shareholders might be concerned after seeing the share price drop 12% in the last month. But that does not change the realty that the stock's performance has been terrific, over five years. Indeed, the share price is up a whopping 374% in that time. So we don't think the recent decline in the share price means its story is a sad one. Of course what matters most is whether the business can improve itself sustainably, thus justifying a higher price.
賽輪輪胎股份有限公司(SHSE:601058)股東在看到股價在上個月下跌12%後可能會感到擔憂。但這並不改變這支股票在過去五年表現出色的事實。事實上,在那段時間裏,股價飆升了374%。因此,我們不認爲最近股價下跌意味着它的故事可悲。當然,最重要的是業務是否可以持續改善自己,從而證明更高價格的合理性。
Although Sailun Group has shed CN¥1.4b from its market cap this week, let's take a look at its longer term fundamental trends and see if they've driven returns.
雖然賽輪輪胎本週市值蒸發了14億人民幣,但讓我們看一下其長期基本趨勢,看看它們是否推動了回報。
While the efficient markets hypothesis continues to be taught by some, it has been proven that markets are over-reactive dynamic systems, and investors are not always rational. One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS).
雖然有效市場假說仍然被一些人教授,但被證明市場是過度反應的動態系統,投資者並不總是理性的。檢查市場情緒如何隨時間變化的一種方法是看一個公司的股價與其每股收益(EPS)之間的交互作用。
During five years of share price growth, Sailun Group achieved compound earnings per share (EPS) growth of 33% per year. So the EPS growth rate is rather close to the annualized share price gain of 36% per year. Therefore one could conclude that sentiment towards the shares hasn't morphed very much. In fact, the share price seems to largely reflect the EPS growth.
在股價增長的五年中,賽輪輪胎實現了每股收益(EPS)複合增長率爲33%。因此,EPS增長率與每年36%的股價年化收益相當接近。因此人們可以得出結論,對股票的情緒並沒有發生太大變化。事實上,股價似乎很大程度上反映了EPS的增長。
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/7781/20240605/0-0f00b438ad4e9805ca99ba97d4e03644-0-2af0f86be472045aa9962057d9388051.png/big)
We know that Sailun Group has improved its bottom line lately, but is it going to grow revenue? You could check out this free report showing analyst revenue forecasts.
我們知道賽輪輪胎近期已經改善了其底線,但是它是否會增長營業收入呢?您可以查看這份免費的報告,其中包含分析員的營業收入預測。
What About Dividends?
那麼分紅怎麼樣呢?
As well as measuring the share price return, investors should also consider the total shareholder return (TSR). 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. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. As it happens, Sailun Group's TSR for the last 5 years was 408%, which exceeds the share price return mentioned earlier. The dividends paid by the company have thusly boosted the total shareholder return.
除了衡量股價回報之外,投資者還應考慮總股東回報(TSR)。TSR是一種回報計算,它考慮了現金股息的價值(假設任何收到的股息都被再投資)以及任何貼現的股本募集和分拆的計算值。可以說,TSR爲支付股息的股票提供了更完整的圖片。事實上,賽輪輪胎在過去5年中的TSR達到了408%,超過了前面提到的股價回報。公司支付的股息因此提高了。總股東回報。
A Different Perspective
不同的觀點
It's good to see that Sailun Group has rewarded shareholders with a total shareholder return of 43% in the last twelve months. And that does include the dividend. Since the one-year TSR is better than the five-year TSR (the latter coming in at 38% per year), it would seem that the stock's performance has improved in recent times. In the best case scenario, this may hint at some real business momentum, implying that now could be a great time to delve deeper. I find it very interesting to look at share price over the long term as a proxy for business performance. But to truly gain insight, we need to consider other information, too. Case in point: We've spotted 1 warning sign for Sailun Group you should be aware of.
很高興看到賽輪輪胎在過去十二個月中以總股東回報43%回報股東。而且這確實包括股息。由於一年的TSR比五年的TSR(後者爲每年38%)要好,因此股票的表現似乎在近期得到了改善。在最好的情況下,這可能暗示着一些真正的業務勢頭,這表明現在可能是深入挖掘的好時機。
But note: Sailun Group may not be the best stock to buy. So take a peek at this free list of interesting companies with past earnings growth (and further growth forecast).
但請注意:賽輪輪胎可能不是最好的股票購買選擇。因此,看一眼這份免費的有趣公司名單,該列表列出了過去的盈利增長(以及進一步的增長預測)。
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。