Shenzhen Zhongjin Lingnan Nonfemet (SZSE:000060) Shareholders Have Lost 8.4% Over 1 Year, Earnings Decline Likely the Culprit
Shenzhen Zhongjin Lingnan Nonfemet (SZSE:000060) Shareholders Have Lost 8.4% Over 1 Year, Earnings Decline Likely the Culprit
It's easy to feel disappointed if you buy a stock that goes down. But in the short term the market is a voting machine, and the share price movements may not reflect the underlying business performance. The Shenzhen Zhongjin Lingnan Nonfemet Co. Ltd. (SZSE:000060) is down 10% over a year, but the total shareholder return is -8.4% once you include the dividend. That's better than the market which declined 15% over the last year. At least the damage isn't so bad if you look at the last three years, since the stock is down 1.6% in that time. Even worse, it's down 10.0% in about a month, which isn't fun at all. However, we note the price may have been impacted by the broader market, which is down 5.4% in the same time period.
如果您購買的股票下跌,容易感到失望。但短期來看,市場是一臺投票機,股價的波動可能不反映基礎業務表現。股票編號爲SZSE:000060的中金嶺南去年下跌了10%,但如果包括分紅,總的股東回報率爲-8.4%。這比去年下跌了15%的市場好。如果您看看過去三年,至少損失不會太嚴重,因爲股票在那段時間內下跌了1.6%。更糟糕的是,在一個月的時間內下跌了10.0%,這一點也不有趣。然而,我們注意到,股價可能受到了更廣泛的市場影響,在同一時期下跌了5.4%。
Given the past week has been tough on shareholders, let's investigate the fundamentals and see what we can learn.
考慮到過去一週對股東來說是艱難的,讓我們調查一下基本面並看看我們能學到什麼。
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. 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.
儘管一些人繼續教授有效市場假說,但已經證明市場是過度反應的動態系統,並且投資者並不總是理性的。通過比較每股收益(EPS)和股價的變化情況,我們可以了解投資者對公司的態度如何隨着時間變化而變化。
Unfortunately Shenzhen Zhongjin Lingnan Nonfemet reported an EPS drop of 52% for the last year. The share price fall of 10% isn't as bad as the reduction in earnings per share. So the market may not be too worried about the EPS figure, at the moment -- or it may have expected earnings to drop faster.
遺憾的是,中金嶺南上一年的每股收益下降了52%。股價下跌了10%並不像每股收益的降幅那麼嚴重。所以目前市場可能並不太擔心每股收益數字,或者認爲收益預期會下降得更快。
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/7781/20240618/0-b91e72815bbe627967eddc7208230d26-0-600c0a6061eb0a1d8a3e52e8384b45da.png/big)
This free interactive report on Shenzhen Zhongjin Lingnan Nonfemet's earnings, revenue and cash flow is a great place to start, if you want to investigate the stock further.
如果您想進一步調查中金嶺南的收益、營業收入和現金流情況,可查看這份免費的互動報告。
A Different Perspective
不同的觀點
While it's never nice to take a loss, Shenzhen Zhongjin Lingnan Nonfemet shareholders can take comfort that , including dividends,their trailing twelve month loss of 8.4% wasn't as bad as the market loss of around 15%. Unfortunately, last year's performance may indicate unresolved challenges, given that it's worse than the annualised loss of 0.5% over the last half decade. Whilst Baron Rothschild does tell the investor "buy when there's blood in the streets, even if the blood is your own", buyers would need to examine the data carefully to be comfortable that the business itself is sound. It's always interesting to track share price performance over the longer term. But to understand Shenzhen Zhongjin Lingnan Nonfemet better, we need to consider many other factors. Even so, be aware that Shenzhen Zhongjin Lingnan Nonfemet is showing 3 warning signs in our investment analysis , and 1 of those is potentially serious...
雖然虧損從來都不是好事,但深圳中金嶺南非金屬股東可以放心,在包括分紅在內的過去12個月裏,他們的虧損率爲8.4%,比市場虧損率15%左右好...不幸的是,去年的表現可能表明存在未解決的挑戰,因爲它比過去五年裏的年化虧損0.5%更糟糕。雖然巴倫•羅斯柴爾德告訴投資者「買入時要看到街上有鮮血流淌,即使這些鮮血是你自己的」,但買家需要仔細研究數據才能確信業務本身是健康的。追蹤股價的長期表現總是很有趣的。但要更好地了解中金嶺南,我們需要考慮許多其他因素。但是,請注意,在我們的投資分析中,中金嶺南正在展示3個警示信號,其中1個可能非常嚴重...。
Of course Shenzhen Zhongjin Lingnan Nonfemet may not be the best stock to buy. So you may wish to see this free collection of growth stocks.
當然,中金嶺南不一定是最好的股票買入選擇。因此,您可能希望查看這些成長股的免費收藏。
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