Investors in Henan Shuanghui Investment & DevelopmentLtd (SZSE:000895) Have Unfortunately Lost 1.4% Over the Last Three Years
Investors in Henan Shuanghui Investment & DevelopmentLtd (SZSE:000895) Have Unfortunately Lost 1.4% Over the Last Three Years
No-one enjoys it when they lose money on a stock. But no-one can make money on every call, especially in a declining market. While the Henan Shuanghui Investment & Development Co.,Ltd. (SZSE:000895) share price is down 16% in the last three years, the total return to shareholders (which includes dividends) was -1.4%. That's better than the market which declined 28% over the last three years. Furthermore, it's down 15% in about a quarter. That's not much fun for holders. Of course, this share price action may well have been influenced by the 11% decline in the broader market, throughout the period.
股票虧損是沒人喜歡的。但是在市場下跌的情況下,也沒人能夠在每次看漲中都賺錢。河南雙匯發展股份有限公司(SZSE:000895)的股價在過去的三年中下跌了16%,但股東的總回報(包括分紅派息)爲-1.4%。這比市場在過去三年中下跌28%要好。此外,它在一個季度內下跌了15%。這對持有者來說一點也不好玩。當然,此股價走勢可能受到整個時期股市下跌11%的影響。
Since shareholders are down over the longer term, lets look at the underlying fundamentals over the that time and see if they've been consistent with returns.
由於股東們長期以來都虧損了,因此讓我們回顧過去一段時間的基本面,看看是否一直與收益相一致。
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 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.
爲了概述本傑明·格雷厄姆(Benjamin Graham)的話:短期內,市場是一臺投票機,但長期來看,它是一臺衡重機。思考一家公司的市場感知如何轉變的一種不完美但簡單的方法是將每股收益(EPS)變化與股價變動進行比較。
During the three years that the share price fell, Henan Shuanghui Investment & DevelopmentLtd's earnings per share (EPS) dropped by 8.7% each year. In comparison the 6% compound annual share price decline isn't as bad as the EPS drop-off. So, despite the prior disappointment, shareholders must have some confidence the situation will improve, longer term.
在股價下跌的三年中,河南雙匯發展股份有限公司的每股收益(EPS)每年下降8.7%。與此相比,6%的年複合股價下跌並不像EPS的下跌那麼嚴重。因此,儘管之前失望,但股東們必須對長期情況有一些信心。
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/7781/20240731/0-ac2c188ae66aa701c03fc8c811dd9e79-0-11fc929ab4387df99a00e0b44583b4c4.png/big)
Dive deeper into Henan Shuanghui Investment & DevelopmentLtd's key metrics by checking this interactive graph of Henan Shuanghui Investment & DevelopmentLtd's earnings, revenue and cash flow.
通過查看河南雙匯投資發展股份有限公司的收益、營業收入和現金流的互動圖表,更深入地了解河南雙匯投資發展股份有限公司的關鍵指標。
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. 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 Henan Shuanghui Investment & DevelopmentLtd the TSR over the last 3 years was -1.4%, which is better than the share price return mentioned above. And there's no prize for guessing that the dividend payments largely explain the divergence!
對於任何給定的股票,考慮總股東回報和股票回報同樣重要。TSR包括任何股息和股權籌資折價的價值,基於股息再投資的假設。可以公正地說,TSR給支付股息的股票提供了更完整的圖像。我們注意到,在過去的3年中,河南雙匯投資發展股份有限公司的TSR爲-1.4%,比上面提到的股票回報要好。毫無疑問,分紅派息的大幅增加是TSR背離的主要原因!
A Different Perspective
不同的觀點
While it's certainly disappointing to see that Henan Shuanghui Investment & DevelopmentLtd shares lost 4.5% throughout the year, that wasn't as bad as the market loss of 20%. Of course, the long term returns are far more important and the good news is that over five years, the stock has returned 6% for each year. It could be that the business is just facing some short term problems, but shareholders should keep a close eye on the fundamentals. I find it very interesting to look at share price over the long term as a proxy for business performance. But to truly gain insight, we need to consider other information, too. Even so, be aware that Henan Shuanghui Investment & DevelopmentLtd is showing 1 warning sign in our investment analysis , you should know about...
雖然看到河南雙匯投資發展股份有限公司的股價在一年內下跌了4.5%,但這並不像市場下跌20%那麼糟糕。當然,長期回報更爲重要,好消息是,在過去的五年裏,這支股票每年上漲了6%。可能是公司只是面臨一些短期問題,但股東們應該密切關注基本面。我覺得長期股價作爲業務表現的代理機構是非常有趣的。但是要真正獲得見解,我們還需要考慮其他信息。即便如此,要注意河南雙匯投資發展股份有限公司在我們的投資分析中展示了一種預警信號,你應該了解一下……
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。
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。