Daoming Optics&ChemicalLtd (SZSE:002632) Investors Are up 18% in the Past Week, but Earnings Have Declined Over the Last Three Years
Daoming Optics&ChemicalLtd (SZSE:002632) Investors Are up 18% in the Past Week, but Earnings Have Declined Over the Last Three Years
It hasn't been the best quarter for Daoming Optics&Chemical Co.,Ltd (SZSE:002632) shareholders, since the share price has fallen 10% in that time. But that doesn't change the fact that the returns over the last three years have been pleasing. In fact, the company's share price bested the return of its market index in that time, posting a gain of 18%.
大明光學化工股份有限公司(SZSE:002632)股東們過去一季度的收益表現不佳,因爲股價在這段時間裏下跌了10%。但是這並不改變過去三年收益令人滿意的事實。實際上,在此期間,公司的股價表現優於其市場指數,增長了18%。
Since it's been a strong week for Daoming Optics&ChemicalLtd shareholders, let's have a look at trend of the longer term fundamentals.
由於這是大明光學化工股份有限公司股東表現強勁的一週,因此讓我們來看一下更長期基本面的趨勢。
There is no denying that markets are sometimes efficient, but prices do not always reflect 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.
不可否認的是,市場有時是高效的,但價格並不總是反映潛在的商業表現。一個不完美但簡單的方法來考慮公司市場感知如何改變是比較每股收益(EPS)變化和股價變動。
During the three years of share price growth, Daoming Optics&ChemicalLtd actually saw its earnings per share (EPS) drop 1.7% per year.
在股價增長的三年中,大明光學化工股份有限公司的每股收益(EPS)實際上每年下降1.7%。
Companies are not always focussed on EPS growth in the short term, and looking at how the share price has reacted, we don't think EPS is the most important metric for Daoming Optics&ChemicalLtd at the moment. Therefore, it makes sense to look into other metrics.
公司並不總是專注於短期的每股收益增長,從股價的反應來看,我們認爲目前對於大明光學化工股份有限公司而言,每股收益並不是最重要的指標。因此,看看其他指標是有意義的。
We severely doubt anyone is particularly impressed with the modest 1.0% three-year revenue growth rate. So truth be told we can't see an easy explanation for the share price action, but perhaps you can...
我們非常懷疑任何人對於小幅增長的1.0%的三年營業收入增長率感到特別滿意。所以說,坦白地說,我們無法找到關於股價行動的簡單解釋,但也許您可以……
You can see how earnings and revenue have changed over time in the image below (click on the chart to see the exact values).
你可以在下面的圖片中看到收入和營業收入隨時間的變化情況(單擊圖表可查看精確值)。
![earnings-and-revenue-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240618/0-2b9a700038ffa8a25259fac3911c2a2a-0-967ff45ef72aabfbaf934d5fca53d661.png/big)
Take a more thorough look at Daoming Optics&ChemicalLtd's financial health with this free report on its balance sheet.
藉助有關其資產負債表的免費報告,更全面地了解大明光學化工股份有限公司的財務狀況。
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. Whereas the share price return only reflects the change in the share price, the TSR includes the value of dividends (assuming they were reinvested) and the benefit of any discounted capital raising or spin-off. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. As it happens, Daoming Optics&ChemicalLtd's TSR for the last 3 years was 31%, which exceeds the share price return mentioned earlier. The dividends paid by the company have thusly boosted the total shareholder return.
考慮到任何股票的總股東收益以及股價收益都非常重要。如果僅反映股價變化,那麼股價收益就只是反映了股價的變化。TSR還包括股息的價值(假設它們被再投資)以及任何折價的增資或剝離的利益。因此,對於支付豐厚股息的公司,TSR通常比股價收益高得多。恰巧,大明光學化工股份有限公司過去3年的TSR爲31%,超過了前面提到的股價回報。公司支付的股息推高了股價。 總股東回報。
A Different Perspective
不同的觀點
We're pleased to report that Daoming Optics&ChemicalLtd shareholders have received a total shareholder return of 22% over one year. That's including the dividend. Since the one-year TSR is better than the five-year TSR (the latter coming in at 6% 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. Like risks, for instance. Every company has them, and we've spotted 3 warning signs for Daoming Optics&ChemicalLtd (of which 1 doesn't sit too well with us!) you should know about.
我們很高興地報告,大明光學化工股份有限公司的股東在一年內獲得了22%的總股東回報,包括股息。由於一年的TSR優於五年的TSR(後者每年爲6%),因此股票的表現近期得到了改善。在最好的情況下,這可能暗示着真正的業務勢頭,這暗示着現在是深入了解的好時機。我發現長期股價作爲業務表現的替代指標非常有趣。但是爲了真正獲得見解,我們需要考慮其他信息,例如風險。每個公司都有,我們已經發現大明光學化工股份有限公司有3個警告信號(其中1個與我們不太合適!)您應該知道。
Of course Daoming Optics&ChemicalLtd may not be the best stock to buy. So you may wish to see this free collection of growth stocks.
當然,大明光學化工股份有限公司可能不是最佳的購買股票。因此,您可能希望查看這些增長股的免費收藏。
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。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
對本文有反饋?關於內容有所顧慮?直接和我們聯繫。或者,也可以發送電子郵件至editorial-team@simplywallst.com