Those Who Invested in An Hui Wenergy (SZSE:000543) Three Years Ago Are up 130%
Those Who Invested in An Hui Wenergy (SZSE:000543) Three Years Ago Are up 130%
The most you can lose on any stock (assuming you don't use leverage) is 100% of your money. But in contrast you can make much more than 100% if the company does well. For example, the An Hui Wenergy Company Limited (SZSE:000543) share price has soared 122% in the last three years. That sort of return is as solid as granite. On top of that, the share price is up 11% in about a quarter.
如果您不使用槓桿,任何股票的最大損失都是100%的本金。但與此相反,如果公司表現良好,您可以獲得超過100%的利潤。例如,Lantheus Holdings,Inc。(NASDAQ:LNTH)股價在過去三年中飆升了224%。對於那些持有股票的人來說,多好啊!另外,股價在大約一個季度中上漲了33%。比例如,皖能電力股份有限公司(SZSE:000543)股價在過去三年中飆升了122%。 這種回報堅如磐石。此外,該股票價格在大約一個季度內上漲了11%。
With that in mind, it's worth seeing if the company's underlying fundamentals have been the driver of long term performance, or if there are some discrepancies.
鑑於此,值得看看該公司的基本面是否一直是長期業績的驅動因素,或者是否存在一些不一致之處。
There is no denying that markets are sometimes efficient, but prices do not always reflect underlying business performance. 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.
市場有時候是有效的,但價格並不總是反映公司的基本業務表現。通過比較每股收益和股價變化,我們可以了解投資者對公司的看法如何隨着時間變化而變化。
During three years of share price growth, An Hui Wenergy achieved compound earnings per share growth of 20% per year. In comparison, the 30% per year gain in the share price outpaces the EPS growth. This indicates that the market is feeling more optimistic on the stock, after the last few years of progress. It is quite common to see investors become enamoured with a business, after a few years of solid progress.
在三年的股價增長中,皖能電力每股收益增長了20%的複合增長率。 相比之下,股價每年增長30%,超過了EPS增長。 這表明,在過去幾年取得進展之後,市場對該股票感到越來越樂觀。經過幾年的穩定進展,投資者變得非常着迷於這項業務。
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/7781/20240623/0-734069adb77c77028a8a5cfa89eddde9-0-7515940b8d56bdb2d9271292feab4356.png/big)
We're pleased to report that the CEO is remunerated more modestly than most CEOs at similarly capitalized companies. It's always worth keeping an eye on CEO pay, but a more important question is whether the company will grow earnings throughout the years. Before buying or selling a stock, we always recommend a close examination of historic growth trends, available here..
很高興地報告,該公司的CEO獲得的報酬比同等資本化公司的大多數CEO要適度。關注CEO的薪酬值得一提,但更重要的問題是公司是否將在今後的歲月中不斷增長收益。在買賣股票之前,我們總是建議仔細研究歷史增長趨勢,在此處提供。
What About Dividends?
那麼分紅怎麼樣呢?
When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. The TSR incorporates the value of any spin-offs or discounted capital raisings, along with any dividends, based on the assumption that the dividends are reinvested. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. We note that for An Hui Wenergy the TSR over the last 3 years was 130%, which is better than the share price return mentioned above. This is largely a result of its dividend payments!
在考慮投資回報時,重要的是考慮總股東回報(TSR)和股票回報之間的差異。 TSR包括任何剝離或折讓的資本籌集(基於股息被重新投資的假設),以及任何股息。因此,對於支付慷慨的股息公司而言,TSR通常比股票回報高得多。就中國神威藥業集團而言,其TSR在過去5年中達到了75%。這超過了我們之前提到的股票回報。該公司支付的股息已經提高了總股東回報。總股東回報和股票回報TSR包括根據假設再投資股息的任何分拆或折扣後融資的價值,以及任何股息。可以說,TSR給出了一張更全面的股票回報圖片。我們注意到,在過去的3年中,皖能電力的TSR爲130%,優於上述股價回報。這在很大程度上是其紅利支出的結果!
A Different Perspective
不同的觀點
It's good to see that An Hui Wenergy has rewarded shareholders with a total shareholder return of 42% in the last twelve months. Of course, that includes the dividend. That gain is better than the annual TSR over five years, which is 14%. Therefore it seems like sentiment around the company has been positive lately. Someone with an optimistic perspective could view the recent improvement in TSR as indicating that the business itself is getting better with time. 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 2 warning signs for An Hui Wenergy (of which 1 makes us a bit uncomfortable!) you should know about.
很高興看到皖能電力在過去十二個月內以42%的總股東回報獎勵股東。當然,這包括股息。這種收益比五年的年度TSR(14%)更好。因此,最近對該公司的輿情似乎是積極的。樂觀的角度可以認爲,最近TSR的改善表明該業務本身隨着時間的推移正在變得更好。我發現長期股價是業務表現的代理非常有趣。但要獲得真正的洞察力,我們還需要考慮其他信息。就像風險一樣,每家公司都有它們,我們已經發現了皖能電力的2個警告信號(其中1個讓我們感到有點不舒服!)你應該知道。
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of companies we expect will grow earnings.
當然,您可能在其他地方找到一家出色的企業進行投資。因此,請查看我們預計將實現盈利增長的公司的免費列表。
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。
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