Investors in Yunnan CopperLtd (SZSE:000878) Have Seen Returns of 29% Over the Past Five Years
Investors in Yunnan CopperLtd (SZSE:000878) Have Seen Returns of 29% Over the Past Five Years
Stock pickers are generally looking for stocks that will outperform the broader market. And in our experience, buying the right stocks can give your wealth a significant boost. For example, long term Yunnan Copper Co.,Ltd (SZSE:000878) shareholders have enjoyed a 18% share price rise over the last half decade, well in excess of the market return of around 2.2% (not including dividends). On the other hand, the more recent gains haven't been so impressive, with shareholders gaining just 14%, including dividends.
股票選擇者通常會尋找表現優於整體市場的股票。 根據我們的經驗,買入正確的股票可以顯著增加財富。例如,長揸雲南銅業股份有限公司(SZSE:000878)的股東在過去的半個世紀中已經享受到了18%的股價上漲,遠遠超過市場回報約2.2%(不包括分紅)。 另一方面,最近的收益並不那麼令人印象深刻,包括分紅在內,股東僅獲得了14%的收益。
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。
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. 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.
禾倫·巴菲特在他的論文《格雷厄姆-道德斯維爾的超級投資者》中描述了股票價格並不總是合理地反映企業的價值。通過比較每股收益(EPS)和股價隨時間變化的變化,我們可以了解到投資者對某家公司的態度如何隨時間而變化。
Over half a decade, Yunnan CopperLtd managed to grow its earnings per share at 43% a year. This EPS growth is higher than the 3% average annual increase in the share price. Therefore, it seems the market has become relatively pessimistic about the company.
在過去的五年中,雲南銅業股份有限公司成功地將每股收益增長了43%。 這種每股收益增長高於股價的平均年增長率3%。因此,市場看來對公司非常悲觀。
You can see how EPS has changed over time in the image below (click on the chart to see the exact values).
您可以在下面的圖片中查看每股收益如何隨時間變化(單擊圖表以查看確切的價值)。
![big](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240716/0-65673f387e425d5c450800eb84279061-0-e9f1dc6a245fba4dc50b77c76f5e3fe0.png/big)
We know that Yunnan CopperLtd has improved its bottom line over the last three years, but what does the future have in store? It might be well worthwhile taking a look at our free report on how its financial position has changed over time.
我們知道,雲南銅業股份有限公司在過去的三年中已經改善了其底線,但未來會怎樣呢? 不妨看看我們有關其財務狀況如何隨時間變化的免費報告。
What About Dividends?
那麼分紅怎麼樣呢?
As well as measuring the share price return, investors should also consider the total shareholder return (TSR). 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. We note that for Yunnan CopperLtd the TSR over the last 5 years was 29%, which is better than the share price return mentioned above. The dividends paid by the company have thusly boosted the total shareholder return.
除了考慮股價回報之外,投資者還應考慮總股東回報(TSR)。 TSR是一種回報計算,它考慮了現金股利的價值(假設獲得任何分紅都被再投資)以及任何折扣資本增發和拆分的計算價值。 可以說TSR爲支付股息的股票提供了更完整的圖像。我們注意到,雲南銅業股份有限公司在過去的5年中的TSR爲29%,優於上述股價回報。公司支付的股利增加了總股東回報。
A Different Perspective
不同的觀點
It's nice to see that Yunnan CopperLtd shareholders have received a total shareholder return of 14% over the last year. That's including the dividend. Since the one-year TSR is better than the five-year TSR (the latter coming in at 5% per year), it would seem that the stock's performance has improved in recent times. Someone with an optimistic perspective could view the recent improvement in TSR as indicating that the business itself is getting better with time. It's always interesting to track share price performance over the longer term. But to understand Yunnan CopperLtd better, we need to consider many other factors. Like risks, for instance. Every company has them, and we've spotted 2 warning signs for Yunnan CopperLtd (of which 1 shouldn't be ignored!) you should know about.
很高興看到雲南銅業股份有限公司股東在過去一年中獲得了14%的總股東回報。 包括股息。由於一年的TSR(年化5%)比五年的TSR(每年5%)要好,因此股票的表現在近期有所提高。一個樂觀的觀點是,近期TSR的改善表明公司本身的情況正在變得越來越好。 長期跟蹤股價表現總是很有趣的。但要更好地了解雲南銅業股份有限公司,我們需要考慮許多其他因素。例如風險。每家公司都有它們,我們已經發現了雲南銅業股份有限公司的兩個警示信號(其中一個不容忽視!)您應該了解。
Of course Yunnan CopperLtd may not be the best stock to buy. So you may wish to see this free collection of growth stocks.
當然,雲南銅業股份有限公司可能不是最好的股票選擇。因此,您可能希望查看這些增長股票的免費收藏。
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.
對本文有任何反饋?對內容有任何疑慮?請直接與我們聯繫。或者,發送電子郵件至editorial-team@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
對本文有任何反饋?對內容有任何疑慮?請直接與我們聯繫。或者,發送電子郵件至editorial-team@simplywallst.com。