Epoxy Base Electronic Material's (SHSE:603002 Three-year Decrease in Earnings Delivers Investors With a 28% Loss
Epoxy Base Electronic Material's (SHSE:603002 Three-year Decrease in Earnings Delivers Investors With a 28% Loss
No-one enjoys it when they lose money on a stock. But when the market is down, you're bound to have some losers. While the Epoxy Base Electronic Material Corporation Limited (SHSE:603002) share price is down 35% in the last three years, the total return to shareholders (which includes dividends) was -28%. That's better than the market which declined 28% over the last three years. And the share price decline continued over the last week, dropping some 9.7%.
股票虧損並不是人人都樂意見到的,但當市場下跌時,你肯定會遇到一些虧損的情況。而雖然宏昌電子(SHSE:603002)的股價在過去的三年中下跌了35%,但股東的總回報(包括分紅)爲-28%。這比市場在過去三年中下跌28%要好。而在過去一週股價的下跌持續了下去,下跌了9.7%。
Since Epoxy Base Electronic Material has shed CN¥578m from its value in the past 7 days, let's see if the longer term decline has been driven by the business' economics.
既然宏昌電子在過去7天中市值縮水了57800萬,讓我們看看長期的下跌是由業務經濟情況驅動的。
While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance. One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement.
雖然市場是一個強大的定價機制,但股價反映的不僅僅是企業的基本業績,還有投資者的情緒。一個不完美但簡單的方式來考慮公司市場意識的變化是比較每股收益(EPS)的變化和股價的變化。
During the three years that the share price fell, Epoxy Base Electronic Material's earnings per share (EPS) dropped by 38% each year. In comparison the 13% compound annual share price decline isn't as bad as the EPS drop-off. So the market may not be too worried about the EPS figure, at the moment -- or it may have previously priced some of the drop in. With a P/E ratio of 67.29, it's fair to say the market sees a brighter future for the business.
在股價下跌的三年中,宏昌電子的每股收益(EPS)每年下降了38%。相比之下,13%的年均複合股價下跌並不像EPS下降那麼糟糕。因此,目前市場可能並不太擔心EPS指標,或者曾經在定價時考慮了下降的部分。以67.29的市盈率來看,市場認爲該企業有一個更光明的未來。
You can see below how EPS has changed over time (discover the exact values by clicking on the image).
下面可以看到每股收益隨時間的變化情況(通過點擊圖像來查看確切數值)。
![big](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240719/0-62775da48a9bbe9202712922e118e69e-0-b866313c212d4890ecc48a820b724c44.png/big)
Dive deeper into Epoxy Base Electronic Material's key metrics by checking this interactive graph of Epoxy Base Electronic Material's earnings, revenue and cash flow.
通過查看宏昌電子的收益、營業收入和現金流互動圖來深入了解它的關鍵指標。
What About Dividends?
那麼分紅怎麼樣呢?
It is important to consider the total shareholder return, as well as the share price return, for any given stock. 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. In the case of Epoxy Base Electronic Material, it has a TSR of -28% for the last 3 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!
考慮到股票的總股東回報以及股票價格回報是非常重要的。雖然股票價格回報僅反映了股票價格的變化,但TSR包括了紅利價值(假設它們被再投資)以及任何折價融資或剝離的利益。因此,TSR爲支付股息的股票提供了更完整的圖片。在宏昌電子的情況下,過去3年其TSR爲-28%。這超過了我們之前提到的股票價格回報。並且毫無疑問,股息支付很大程度上解釋了這種差異!
A Different Perspective
不同的觀點
While it's certainly disappointing to see that Epoxy Base Electronic Material shares lost 10% throughout the year, that wasn't as bad as the market loss of 17%. Longer term investors wouldn't be so upset, since they would have made 6%, each year, over five years. In the best case scenario the last year is just a temporary blip on the journey to a brighter future. 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 Epoxy Base Electronic Material is showing 4 warning signs in our investment analysis , you should know about...
雖然宏昌電子的股票在過去一年中下跌了10%,但這並不像市場的17%的損失那麼嚴重。對於長期的投資者來說,他們每年可以獲得6%的回報,超過了五年的時間。在最理想的情況下,過去的一年只是走向更美好未來的征程中的暫時失誤。儘管要考慮市場條件對股價的影響,但還有其他更重要的因素。即使如此,請注意我們的投資分析中宏昌電子正在顯示4條警告信號,你應該了解......
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。
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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。