AVIC Jonhon Optronic TechnologyLtd's (SZSE:002179) Investors Will Be Pleased With Their Notable 96% Return Over the Last Five Years
AVIC Jonhon Optronic TechnologyLtd's (SZSE:002179) Investors Will Be Pleased With Their Notable 96% Return Over the Last Five Years
Stock pickers are generally looking for stocks that will outperform the broader market. Buying under-rated businesses is one path to excess returns. For example, long term AVIC Jonhon Optronic Technology Co.,Ltd. (SZSE:002179) shareholders have enjoyed a 87% share price rise over the last half decade, well in excess of the market return of around 1.7% (not including dividends).
股票投資者通常尋找強於整個市場的股票。購買被低估的企業是獲得超額回報的一種途徑。例如,長期以來,中航光電股份有限公司(SZSE:002179)的股東享受了87%的股價上漲,遠高於市場回報約1.7%(不包括分紅)。
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。
There is no denying that markets are sometimes efficient, but prices do not always reflect underlying business performance. 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).
市場有時無疑是高效的,但價格並不總是反映基礎業務表現。 一種檢查市場情緒如何隨時間改變的方法是查看公司的股價與每股收益(EPS)之間的互動。
Over half a decade, AVIC Jonhon Optronic TechnologyLtd managed to grow its earnings per share at 22% a year. The EPS growth is more impressive than the yearly share price gain of 13% over the same period. So it seems the market isn't so enthusiastic about the stock these days.
在半個世紀的時間裏,中航光電股份有限公司的每股收益以22%的年均增長率增長。與同期13%的股價漲幅相比,每股收益增長更加驚人。因此,看起來市場對這隻股票的熱情不太高漲。
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/7781/20240730/0-bdcfbeed6639c37c1107d10779f748d4-0-2949aa23676ef4f88ac48f88543f87a6.png/big)
It's probably worth noting that the CEO is paid less than the median at similar sized companies. It's always worth keeping an eye on CEO pay, but a more important question is whether the company will grow earnings throughout the years. Before buying or selling a stock, we always recommend a close examination of historic growth trends, available here..
值得注意的是,該公司的首席執行官的薪酬低於同等規模公司的中位數。關注首席執行官的薪酬一直是有必要的,但更重要的問題是該公司是否會在未來增加收益。在買入或賣出股票之前,我們始終建議仔細檢查歷史增長趨勢,並在此處進行了解。
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 AVIC Jonhon Optronic TechnologyLtd the TSR over the last 5 years was 96%, which is better than the share price return mentioned above. The dividends paid by the company have thusly boosted the total shareholder return.
考慮股票的總股東回報率以及股價回報率非常重要。 TSR包含任何分拆或折價融資的價值,以及任何分紅,基於分紅被再投資的假設。對於股息較高的股票而言,TSR提供了更完整的股票情況。我們注意到,對於中航光電股份有限公司而言,過去5年的TSR爲96%,高於上述股價回報。公司支付的分紅增加了股東的總回報。
A Different Perspective
不同的觀點
While it's certainly disappointing to see that AVIC Jonhon Optronic TechnologyLtd shares lost 8.0% throughout the year, that wasn't as bad as the market loss of 20%. Longer term investors wouldn't be so upset, since they would have made 14%, 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 AVIC Jonhon Optronic TechnologyLtd better, we need to consider many other factors. For instance, we've identified 1 warning sign for AVIC Jonhon Optronic TechnologyLtd that you should be aware of.
雖然看到中航光電股份有限公司的股價在全年下跌了8.0%,但這並不像市場下跌20%那麼糟糕。從長期來看,投資者不會那麼沮喪,因爲他們的年化回報率超過了5年的14%。在最好的情況下,去年只是通往更光明未來的旅程中的暫時波動。追蹤更長期的股價表現總是很有趣的。但要更好地了解中航光電股份有限公司,我們需要考慮許多其他因素。例如,我們已經發現了一項中航光電股份有限公司的警示,你應該注意。
If you like to buy stocks alongside management, then you might just love this free list of companies. (Hint: many of them are unnoticed AND have attractive valuation).
如果您喜歡與管理層一起購買股票,那麼您可能會喜歡這個公司的免費列表。 (提示:其中許多公司不爲人注意且具有吸引力的估值。)
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。