Investors in Changsha Jingjia Microelectronics (SZSE:300474) Have Seen Impressive Returns of 146% Over the Past Five Years
Investors in Changsha Jingjia Microelectronics (SZSE:300474) Have Seen Impressive Returns of 146% Over the Past Five Years
When you buy a stock there is always a possibility that it could drop 100%. But when you pick a company that is really flourishing, you can make more than 100%. Long term Changsha Jingjia Microelectronics Co., Ltd. (SZSE:300474) shareholders would be well aware of this, since the stock is up 144% in five years. In the last week the share price is up 1.7%.
買入股票總會有可能跌100%。但是,如果您選擇一家真正蓬勃發展的公司,您可以獲得超過100%的回報。長揸景嘉微股份有限公司(深圳證券交易所:300474)的股東對此非常清楚,因爲該股票在過去五年中上漲了144%。在過去一週中,股價上漲了1.7%。
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。
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。
Changsha Jingjia Microelectronics' earnings per share are down 18% per year, despite strong share price performance over five years.
儘管景嘉微電子的股價表現強勁,但每年的每股收益下降了18%。
Essentially, it doesn't seem likely that investors are focused on EPS. Because earnings per share don't seem to match up with the share price, we'll take a look at other metrics instead.
基本上,投資者似乎並未關注每股收益。因爲每股收益似乎與股價不匹配,所以我們將查看其他指標。
The modest 0.2% dividend yield is unlikely to be propping up the share price. On the other hand, Changsha Jingjia Microelectronics' revenue is growing nicely, at a compound rate of 17% over the last five years. In that case, the company may be sacrificing current earnings per share to drive growth.
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)。
![big](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240726/0-6e286e9a19161b5b129c619cd38e9001-0-1e369b38085c2922025f17cf8e7ecd4d.png/big)
It's probably worth noting that the CEO is paid less than the median at similar sized companies. But while CEO remuneration is always worth checking, the really important question is whether the company can grow earnings going forward. So we recommend checking out this free report showing consensus forecasts
值得注意的是,該公司的CEO的薪酬低於同等規模的公司的中位數。但是,雖然值得檢查CEO的報酬,但真正重要的問題是公司能否持續增長收益。因此,我們建議您查看此免費報告,顯示共識預測。
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. The TSR incorporates the value of any spin-offs or discounted capital raisings, along with any dividends, based on the assumption that the dividends are reinvested. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. We note that for Changsha Jingjia Microelectronics the TSR over the last 5 years was 146%, which is better than the share price return mentioned above. The dividends paid by the company have thusly boosted the total shareholder return.
對於任何一支股票,考慮其總股東回報以及股價回報都是很重要的。TSR包括任何分拆或折價融資的價值,以及任何股息。假定股息被再投資,TSR應該給出股息的更完整的圖片。我們注意到,在過去的5年中,景嘉微電子的TSR爲146%,優於上述股價回報。公司支付的股息因此提高了總股東回報。
A Different Perspective
不同的觀點
While it's certainly disappointing to see that Changsha Jingjia Microelectronics shares lost 13% throughout the year, that wasn't as bad as the market loss of 19%. Longer term investors wouldn't be so upset, since they would have made 20%, 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. It's always interesting to track share price performance over the longer term. But to understand Changsha Jingjia Microelectronics better, we need to consider many other factors. For example, we've discovered 2 warning signs for Changsha Jingjia Microelectronics that you should be aware of before investing here.
雖然看到景嘉微電子股價在該年度下跌了13%確實令人失望,但這並不像市場下跌19%那樣糟糕。長期投資者不會那麼沮喪,因爲他們在過去五年中每年都可以獲得20%的回報。在最理想的情況下,去年只是通往更光明未來的旅程中的暫時波動。跟蹤股價表現長期發展肯定很有趣。但是,爲了更好地了解景嘉微電子,我們需要考慮許多其他因素。例如,我們發現了2個警示信號,您在投資之前應該了解這些信號。
Of course Changsha Jingjia Microelectronics may not be the best stock to buy. So you may wish to see this free collection of growth stocks.
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。