Jiangsu Etern (SHSE:600105) Shareholders Have Lost 40% Over 1 Year, Earnings Decline Likely the Culprit
Jiangsu Etern (SHSE:600105) Shareholders Have Lost 40% Over 1 Year, Earnings Decline Likely the Culprit
Investors can approximate the average market return by buying an index fund. But if you buy individual stocks, you can do both better or worse than that. Unfortunately the Jiangsu Etern Company Limited (SHSE:600105) share price slid 40% over twelve months. That's disappointing when you consider the market declined 12%. At least the damage isn't so bad if you look at the last three years, since the stock is down 7.2% in that time. Shareholders have had an even rougher run lately, with the share price down 27% in the last 90 days.
投資者可以通過購買指數基金來大致了解市場的平均回報。但如果購買個別股票,則可能會做得更好或更差。可惜,江蘇永鼎股份有限公司(SHSE:600105)的股價在十二個月內下跌了40%。如果考慮到市場下跌了12%,這是令人失望的。至少,在過去三年中,如果您看到該股票下跌了7.2%,則損失並沒有那麼嚴重。股東們最近的運行甚至更加艱難,因爲股價在過去90天內下跌了27%。
With the stock having lost 9.0% in the past week, it's worth taking a look at business performance and seeing if there's any red flags.
由於該股在過去一週中損失了9.0%,因此值得檢查業務績效並查看是否存在任何風險。
While Jiangsu Etern made a small profit, in the last year, we think that the market is probably more focussed on the top line growth at the moment. Generally speaking, we'd consider a stock like this alongside loss-making companies, simply because the quantum of the profit is so low. It would be hard to believe in a more profitable future without growing revenues.
雖然江蘇永鼎在去年實現了小幅盈利,但我們認爲市場現在可能更加關注業績的增長。一般來說,我們將像這樣的股票與虧損企業一起考慮,僅僅因爲利潤量如此之低。沒有增長營業收入,很難相信未來會更有利可圖。
In just one year Jiangsu Etern saw its revenue fall by 0.3%. That's not what investors generally want to see. The stock price has languished lately, falling 40% in a year. That seems pretty reasonable given the lack of both profits and revenue growth. It's hard to escape the conclusion that buyers must envision either growth down the track, cost cutting, or both.
僅在一年內,江蘇永鼎的營業收入就下降了0.3%。這通常不是投資者想看到的。股價最近一直低迷,一年下跌了40%。考慮到缺乏利潤和營收增長,這似乎相當合理。難以避免的結論是,買家必須預見未來的增長、成本削減或兩者兼而有之。
The image below shows how earnings and revenue have tracked over time (if you click on the image you can see greater detail).
下圖顯示了收益和營收隨時間變化的情況(如果你點擊圖像,可以看到更多細節):
![earnings-and-revenue-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240608/0-6111d0481a1232dd7cde1c7e6768f14f-0-5ebe6ba1e112e7e0c324ed84912f12d7.png/big)
It's probably worth noting that the CEO is paid less than the median at similar sized companies. But while CEO remuneration is always worth checking, the really important question is whether the company can grow earnings going forward. This free report showing analyst forecasts should help you form a view on Jiangsu Etern
值得注意的是,該公司的CEO的薪酬低於同等規模公司的中位數。但是,雖然CEO的報酬始終值得檢查,但真正重要的問題是該公司將來是否能夠增長利潤。這份顯示分析師預測的免費報告應該可以幫助您形成對江蘇永鼎的看法。
A Different Perspective
不同的觀點
We regret to report that Jiangsu Etern shareholders are down 40% for the year (even including dividends). Unfortunately, that's worse than the broader market decline of 12%. However, it could simply be that the share price has been impacted by broader market jitters. It might be worth keeping an eye on the fundamentals, in case there's a good opportunity. Unfortunately, last year's performance may indicate unresolved challenges, given that it was worse than the annualised loss of 4% over the last half decade. We realise that Baron Rothschild has said investors should "buy when there is blood on the streets", but we caution that investors should first be sure they are buying a high quality business. 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 - Jiangsu Etern has 4 warning signs (and 2 which are a bit unpleasant) we think you should know about.
不幸的是,江蘇永鼎的股東在一年中下跌了40%(包括紅利在內)。不幸的是,這比整個市場下跌的12%更糟糕。但是,股價可能僅受到更廣泛市場的擔憂影響。如果出現良機,可能值得密切關注基本面。不幸的是,去年的表現可能表明存在未解決的挑戰,因爲它比過去半個十年的年平均虧損4%還要糟糕。我們意識到巴倫·羅斯柴爾德曾說過,投資者應該“在街頭滿是鮮血時買入”,但我們提醒投資者應該先確定他們正在購買高質量的企業。雖然考慮市場條件對股價可能產生的不同影響很值得,但還有其他更重要的因素。例如,承擔風險-江蘇永鼎存在着4個警告信號(其中2個有點不愉快),我們認爲您應該知道。
If you like to buy stocks alongside management, then you might just love this free list of companies. (Hint: many of them are unnoticed AND have attractive valuation).
如果您喜歡與管理層一起購買股票,那麼您可能會喜歡這個公司的免費列表。 (提示:其中許多公司不爲人注意且具有吸引力的估值。)
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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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。