Fibocom Wireless' (SZSE:300638) Earnings Growth Rate Lags the 9.8% CAGR Delivered to Shareholders
Fibocom Wireless' (SZSE:300638) Earnings Growth Rate Lags the 9.8% CAGR Delivered to Shareholders
When we invest, we're generally looking for stocks that outperform the market average. And the truth is, you can make significant gains if you buy good quality businesses at the right price. For example, long term Fibocom Wireless Inc. (SZSE:300638) shareholders have enjoyed a 53% share price rise over the last half decade, well in excess of the market decline of around 1.8% (not including dividends).
當我們投資時,通常尋找市場平均水平之上的股票。事實上,如果以正確的價格購買高質量的企業,您可以獲得顯著的收益。例如,長揸 Fibocom Wireless Inc. (SZSE:300638) 股票的股東在過去的五年中增長了53%,大大超過了市場的下降約1.8%(不包括股息)。
While the stock has fallen 4.0% this week, it's worth focusing on the longer term and seeing if the stocks historical returns have been driven by the underlying fundamentals.
儘管該股本週下跌了4.0%,但還是值得關注股票的更長期回報,並看看它們是否基於基本面的推動。
To paraphrase Benjamin Graham: Over the short term the market is a voting machine, but over the long term it's a weighing machine. 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).
用本傑明·格雷厄姆的話來說:“短期市場是一臺投票機,但長期市場是一臺稱重機”。檢查市場情緒如何隨時間推移變化的一種方式是查看公司股價和每股收益(EPS)之間的相互作用。
Over half a decade, Fibocom Wireless managed to grow its earnings per share at 35% a year. The EPS growth is more impressive than the yearly share price gain of 9% over the same period. So it seems the market isn't so enthusiastic about the stock these days.
在過去的五年中,Fibocom Wireless的每股收益年均增長率達到了35%。相比之下,該公司的股價同期年均漲幅爲9%,因此市場對該股的熱情似乎不高。
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/7781/20240627/0-6239bea9564a3446f6adff28449ea378-0-ef36df520756b956956876f508be2b9f.png/big)
We know that Fibocom Wireless 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,Fibocom Wireless 最近已經改善了其底線,但是否會增長營業收入呢?您可以查看這份免費報告,其中顯示了分析師的營業收入預測。
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 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. In the case of Fibocom Wireless, it has a TSR of 60% for the last 5 years. That exceeds its share price return that we previously mentioned. And there's no prize for guessing that the dividend payments largely explain the divergence!
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是一種回報計算方法,考慮到現金股息的價值(假設任何收到的股息均重新投資)以及任何折價的股本增發和剝離的計算價值。可以說,TSR爲支付股息的股票提供了更完整的圖景。對於 Fibocom Wireless,其過去五年的TSR爲60%,超過了前面提到的股價回報率,很明顯股息支付在其中起到了很大的作用。
A Different Perspective
不同的觀點
While the broader market lost about 16% in the twelve months, Fibocom Wireless shareholders did even worse, losing 21% (even including dividends). 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. On the bright side, long term shareholders have made money, with a gain of 10% per year over half a decade. It could be that the recent sell-off is an opportunity, so it may be worth checking the fundamental data for signs of a long term growth trend. 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. Take risks, for example - Fibocom Wireless has 1 warning sign we think you should be aware of.
雖然整個市場在過去的12個月裏下跌了約16%,但Fibocom Wireless的股東們卻表現得更差,虧損了21%(包括分紅)。然而,股價下跌的原因可能僅僅是因爲整個市場正在恐慌,因此值得關注其基本面,看看是否存在投資機會。而長期股東則賺錢了,五年來每年盈利率達到了10%。因此,最近的拋售可能是一個機會,因此檢查基本面數據以尋找長期增長趨勢的跡象是值得的。我發現長期股價是業務表現的一個替代指標非常有趣。但要真正獲得洞察,我們還需要考慮其他信息。例如,承擔風險- Fibocom Wireless有一個警示標誌,我們認爲您應該了解。
But note: Fibocom Wireless 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:Fibocom Wireless可能不是最好的股票買入目標。因此,瀏覽此過去盈利增長(以及未來增長預測)感興趣的公司列表吧。
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