Goldwind Science And Technology (SZSE:002202) Shareholders Have Endured a 39% Loss From Investing in the Stock Five Years Ago
Goldwind Science And Technology (SZSE:002202) Shareholders Have Endured a 39% Loss From Investing in the Stock Five Years Ago
For many, the main point of investing is to generate higher returns than the overall market. But the main game is to find enough winners to more than offset the losers At this point some shareholders may be questioning their investment in Goldwind Science And Technology Co., Ltd. (SZSE:002202), since the last five years saw the share price fall 44%. And some of the more recent buyers are probably worried, too, with the stock falling 38% in the last year. The falls have accelerated recently, with the share price down 15% in the last three months. Of course, this share price action may well have been influenced by the 8.4% decline in the broader market, throughout the period.
對於許多人來說,投資的主要目的是獲得比整個市場更高的回報。但是主要遊戲是找到足夠的贏家來抵消輸家。這時,一些股東可能會質疑他們在金風科技股份有限公司(SZSE:002202)的投資,因爲過去五年,股價下跌了44%。還有一些較新的買家可能也很擔心,因爲股票在過去一年中下跌了38%。這些跌幅最近加速,股價在過去三個月中下跌了15%。當然,這種股價反應可能已經受到了整個時期市場整體下跌8.4%的影響。
So let's have a look and see if the longer term performance of the company has been in line with the underlying business' progress.
那麼我們來看看這家公司的長期表現是否符合其業務進展情況。
In his essay The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not always rationally reflect the value of a business. 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).
在他的文章《格雷厄姆和多德斯維爾超級投資者》中,禾倫·巴菲特描述了股票價格並不總是反映公司價值的合理方式。考慮市場對公司的看法如何發生變化的一個不完美但簡單的方法是將每股收益(EPS)的變化與股價的變動進行比較。股票價格並不總是反映公司價值的合理方式禾倫·巴菲特曾稱,股票價格並不總是合理地反映了企業的價值。檢查市場情緒如何隨時間變化的一種方法是查看公司股價和每股收益(EPS)之間的互動。
Looking back five years, both Goldwind Science And Technology's share price and EPS declined; the latter at a rate of 38% per year. This fall in the EPS is worse than the 11% compound annual share price fall. So the market may previously have expected a drop, or else it expects the situation will improve. The high P/E ratio of 90.31 suggests that shareholders believe earnings will grow in the years ahead.
回顧過去五年,金風科技的股價和每股收益均下降,後者年均下降38%。這種EPS下降的情況比11%的複利年均股價下跌更糟糕。因此,市場可能之前已經預期會下跌,或者它預計情況會改善。90.31的高市盈率表明股東相信未來幾年將會增長收益。
The company's earnings per share (over time) is depicted in the image below (click to see the exact numbers).
該公司的每股收益(隨時間的推移)如下圖所示(單擊可查看確切數字)。
![earnings-per-share-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240701/0-9a94f546247ff8841c3a57e29f4bbb6f-0-ef125cd84e442d232f4cb422ec51ce6e.png/big)
This free interactive report on Goldwind Science And Technology's earnings, revenue and cash flow is a great place to start, if you want to investigate the stock further.
如果您想進一步研究該股票,Goldwind Science and Technology的收益,營業收入和現金流的免費交互式報告是一個好的起點。
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. 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. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. We note that for Goldwind Science And Technology the TSR over the last 5 years was -39%, 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相比股價回報只反映了股價的變化,TSR包括了股息的價值(假設它們被再投資)以及任何折價的資本籌集或分拆的好處。可以說,TSR爲支付股息的股票提供了更完整的圖景。我們注意到,在過去的5年裏,Goldwind Science And Technology的TSR爲-39%,比上面提到的股價回報更好。這在很大程度上是其股息支付的結果!
A Different Perspective
不同的觀點
While the broader market lost about 16% in the twelve months, Goldwind Science And Technology shareholders did even worse, losing 37% (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. Unfortunately, last year's performance may indicate unresolved challenges, given that it was worse than the annualised loss of 7% over the last half decade. Generally speaking long term share price weakness can be a bad sign, though contrarian investors might want to research the stock in hope of a turnaround. 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. Even so, be aware that Goldwind Science And Technology is showing 3 warning signs in our investment analysis , and 2 of those don't sit too well with us...
雖然整個市場在過去的12個月中下跌了16%左右,但是Goldwind Science and Technology的股東們表現得更差,損失了37%(包括分紅派息)。但是,可能僅僅是股票價格受到更廣泛市場的震動影響。如果有好的投資機會,值得關注基本面。不幸的是,去年的表現表明存在未解決的挑戰,因爲它比過去五年的年平均虧損7%還要糟糕。通常情況下,長期股價疲軟可能不是好兆頭,但持不同見的投資者可能希望研究股票,希望實現扭轉局面。雖然考慮到市場條件對股價的不同影響非常值得,但還有其他更重要的因素。即使如此,請注意,Goldwind Science and Technology在我們的投資分析中顯示出了3個警告信號,其中2個對我們來說不太好……。
For those who like to find winning investments this free list of undervalued companies with recent insider purchasing, could be just the ticket.
對於那些喜歡尋找獲勝投資的人來說,最近有內部購買的低估公司免費列表可能是一個很好的選擇。
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