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SKSHU PaintLtd (SHSE:603737) Shareholders Have Earned a 20% CAGR Over the Last Five Years

SKSHU PaintLtd (SHSE:603737) Shareholders Have Earned a 20% CAGR Over the Last Five Years

在過去的五年中,SKSHU塗料股份有限公司(SHSE:603737)的股東賺取了20%的複合年增長率。
Simply Wall St ·  07/04 00:16

The worst result, after buying shares in a company (assuming no leverage), would be if you lose all the money you put in. But on the bright side, you can make far more than 100% on a really good stock. For example, the SKSHU Paint Co.,Ltd. (SHSE:603737) share price has soared 150% in the last half decade. Most would be very happy with that. Also pleasing for shareholders was the 25% gain in the last three months.

購買該公司股票的最壞結果(假設沒有負債)就是你失去了所有投入的資金。但好的一面是,你可以在一隻真正好的股票上獲得超過100%的收益。例如,三棵樹(上海)塗料股份公司(SHSE:603737)的股價在過去五年中飆升了150%。大多數人對此都非常滿意。對股東而言,過去三個月的收益率增長了25%,這也是令人滿意的。

Now it's worth having a look at the company's fundamentals too, because that will help us determine if the long term shareholder return has matched the performance of the underlying business.

現在值得更詳細地了解該公司的基本面,因爲這將幫助我們判斷長期股東回報是否與基礎業務的表現相匹配。

We don't think that SKSHU PaintLtd's modest trailing twelve month profit has the market's full attention at the moment. We think revenue is probably a better guide. Generally speaking, we'd consider a stock like this alongside loss-making companies, simply because the quantum of the profit is so low. It would be hard to believe in a more profitable future without growing revenues.

我們認爲,目前三棵樹塗料有限公司的財務狀況不太好。我們認爲營業收入可能是更好的指標。一般而言,我們會將此類股票與虧損企業放在一起,僅僅是因爲利潤規模太小。如果未來沒有營收增長,很難相信會有更多利潤。

For the last half decade, SKSHU PaintLtd can boast revenue growth at a rate of 20% per year. Even measured against other revenue-focussed companies, that's a good result. So it's not entirely surprising that the share price reflected this performance by increasing at a rate of 20% per year, in that time. So it seems likely that buyers have paid attention to the strong revenue growth. To our minds that makes SKSHU PaintLtd worth investigating - it may have its best days ahead.

在過去五年中,三棵樹塗料有限公司每年的營收增長率達到了20%,即使與其他以營收爲導向的公司相比,它也是一個不錯的結果。因此,在此期間,股價以年均20%的速度上漲,似乎買家們已經注意到了強勁的營收增長。據我們所知,這使得三棵樹塗料有限公司值得進一步調查,因爲其可能擁有最好的未來發展前景。

The company's revenue and earnings (over time) are depicted in the image below (click to see the exact numbers).

以下圖像顯示了公司的營業收入和盈利(隨時間變化)(單擊以查看準確的數字)。

earnings-and-revenue-growth
SHSE:603737 Earnings and Revenue Growth July 4th 2024
SHSE:603737 2024年7月4日盈利及營收增長

SKSHU PaintLtd is a well known stock, with plenty of analyst coverage, suggesting some visibility into future growth. So it makes a lot of sense to check out what analysts think SKSHU PaintLtd will earn in the future (free analyst consensus estimates)

三棵樹塗料公司是一家知名的股票公司,有足夠的分析師覆蓋,表明對未來的增長有一定的可見性。因此,檢查分析師對三棵樹塗料的未來收益預期(免費分析師共識估計)是很有意義的。

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. As it happens, SKSHU PaintLtd's TSR for the last 5 years was 153%, which exceeds the share price return mentioned earlier. 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。總股東回報股票回報股價回報只反映了股價的變化,TSR包括股息的價值(假設它們被再投資),以及任何折價的股本募集或分拆帶來的好處。對於支付股息的股票來說,TSR能夠給出更完整的圖片。恰好SKSHU塗料公司在過去5年的TSR爲153%,超過了先前提到的股價回報。這在很大程度上是其股息支付的結果!

A Different Perspective

不同的觀點

We regret to report that SKSHU PaintLtd shareholders are down 38% for the year (even including dividends). Unfortunately, that's worse than the broader market decline of 17%. Having said that, it's inevitable that some stocks will be oversold in a falling market. The key is to keep your eyes on the fundamental developments. Longer term investors wouldn't be so upset, since they would have made 20%, each year, over five years. 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. It's always interesting to track share price performance over the longer term. But to understand SKSHU PaintLtd better, we need to consider many other factors. Case in point: We've spotted 4 warning signs for SKSHU PaintLtd you should be aware of, and 1 of them makes us a bit uncomfortable.

遺憾的是,三棵樹塗料有限公司的股東今年(包括股息)的虧損達到了38%。不幸的是,這比整個市場下跌17%還要糟糕。話說回來,在跌勢中,某些股票被過度售出是不可避免的。關鍵是要密切關注基本面的發展。長期投資者不會那麼沮喪,因爲他們在過去五年中每年都有20%的回報。最近的拋售可能是一個機會,所以檢查基本數據以尋找長期增長趨勢的跡象可能是值得的。追蹤股價長期表現總是很有趣的,但要更好地了解三棵樹塗料有限公司,我們需要考慮其他許多因素。事實正如此例:我們已經發現三棵樹塗料有限公司的4個警告標誌,您應該注意其中1個會讓我們有些不安。

If you are like me, then you will not want to miss this free list of undervalued small caps that insiders are buying.

如果您像我一樣,就不會希望錯過這份免費的內部人士正在購買的低估小市值股票列表。

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。或者,發送電子郵件至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。或者發送電子郵件至editorial-team@simplywallst.com。

声明:本內容僅用作提供資訊及教育之目的,不構成對任何特定投資或投資策略的推薦或認可。 更多信息
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