Investors Five-year Losses Continue as Henan Thinker Automatic EquipmentLtd (SHSE:603508) Dips a Further 6.5% This Week, Earnings Continue to Decline
Investors Five-year Losses Continue as Henan Thinker Automatic EquipmentLtd (SHSE:603508) Dips a Further 6.5% This Week, Earnings Continue to Decline
The main aim of stock picking is to find the market-beating stocks. But every investor is virtually certain to have both over-performing and under-performing stocks. At this point some shareholders may be questioning their investment in Henan Thinker Automatic Equipment Co.,Ltd. (SHSE:603508), since the last five years saw the share price fall 38%. Shareholders have had an even rougher run lately, with the share price down 15% in the last 90 days. However, one could argue that the price has been influenced by the general market, which is down 13% in the same timeframe.
選股的主要目的是尋找市場領先的股票。但是,幾乎每個投資者都肯定會有表現過硬和表現不佳的股票。此時,一些股東可能會質疑他們對河南思克自動設備有限公司的投資。, Ltd.(上海證券交易所代碼:603508),自過去五年股價下跌了38%以來。股東們最近的表現更加艱難,股價在過去90天中下跌了15%。但是,有人可能會爭辯說,價格受到了大盤的影響,同期股價下跌了13%。
Given the past week has been tough on shareholders, let's investigate the fundamentals and see what we can learn.
鑑於過去一週對股東來說很艱難,讓我們調查一下基本面,看看我們能學到什麼。
While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance. 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.
雖然市場是一種強大的定價機制,但股價反映了投資者的情緒,而不僅僅是潛在的業務表現。通過比較每股收益(EPS)和一段時間內的股價變化,我們可以了解投資者對公司的態度是如何隨着時間的推移而變化的。
During five years of share price growth, Henan Thinker Automatic EquipmentLtd moved from a loss to profitability. That would generally be considered a positive, so we are surprised to see the share price is down. Other metrics may better explain the share price move.
在五年的股價增長中,河南信克自動設備有限公司從虧損轉爲盈利。這通常會被視爲利好,因此我們驚訝地看到股價下跌。其他指標可以更好地解釋股價走勢。
The steady dividend doesn't really explain why the share price is down. It's not immediately clear to us why the stock price is down but further research might provide some answers.
穩定的股息並不能真正解釋股價下跌的原因。我們目前尚不清楚爲什麼股價下跌,但進一步的研究可能會提供一些答案。
The company's revenue and earnings (over time) are depicted in the image below (click to see the exact numbers).
公司的收入和收益(隨着時間的推移)如下圖所示(點擊查看確切數字)。
![1724451177504](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240824/42819494-0-1b62279d40b8866f721400e0f57b252d.webp/bigjpg)
We know that Henan Thinker Automatic EquipmentLtd has improved its bottom line over the last three years, but what does the future have in store? This free interactive report on Henan Thinker Automatic EquipmentLtd's balance sheet strength is a great place to start, if you want to investigate the stock further.
我們知道河南信克自動化設備有限公司在過去三年中提高了利潤,但是未來會怎樣?如果你想進一步調查該股,這份關於河南Thinker Automatic EquipmentLtd資產負債表實力的免費互動報告是一個很好的起點。
What About Dividends?
分紅呢?
As well as measuring the share price return, investors should also consider the total shareholder return (TSR). 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. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. As it happens, Henan Thinker Automatic EquipmentLtd's TSR for the last 5 years was -29%, which exceeds the share price return mentioned earlier. This is largely a result of its dividend payments!
除了衡量股價回報率外,投資者還應考慮股東總回報率(TSR)。基於股息再投資的假設,股東總回報率納入了任何分拆或貼現資本籌集的價值以及任何股息。因此,對於支付豐厚股息的公司來說,股東總回報率通常遠高於股價回報率。碰巧的是,河南信克自動設備有限公司過去5年的股東總回報率爲-29%,超過了前面提到的股價回報率。這在很大程度上是其股息支付的結果!
A Different Perspective
不同的視角
It's nice to see that Henan Thinker Automatic EquipmentLtd shareholders have received a total shareholder return of 29% over the last year. And that does include the dividend. Notably the five-year annualised TSR loss of 5% per year compares very unfavourably with the recent share price performance. This makes us a little wary, but the business might have turned around its fortunes. 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. Consider for instance, the ever-present spectre of investment risk. We've identified 2 warning signs with Henan Thinker Automatic EquipmentLtd , and understanding them should be part of your investment process.
很高興看到河南信克自動設備有限公司的股東去年獲得了29%的總股東回報率。這確實包括股息。值得注意的是,與最近的股價表現相比,五年期年化股東總回報率每年虧損5%,這非常不利。這使我們有點警惕,但該企業可能已經扭轉了命運。我發現將長期股價視爲業務績效的代表非常有趣。但是,要真正獲得見解,我們還需要考慮其他信息。例如,投資風險的幽靈無處不在。我們已經向河南信克自動化設備有限公司確定了兩個警告信號,了解它們應該是您投資過程的一部分。
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).
如果你想和管理層一起購買股票,那麼你可能會喜歡這份免費的公司清單。(提示:其中許多未被注意且估值誘人)。
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交易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.
對這篇文章有反饋嗎?對內容感到擔憂嗎?請直接聯繫我們。或者,也可以發送電子郵件至編輯團隊 (at) simplywallst.com。
Simply Wall St的這篇文章本質上是籠統的。我們僅使用公正的方法根據歷史數據和分析師的預測提供評論,我們的文章無意作爲財務建議。它不構成買入或賣出任何股票的建議,也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本數據驅動的長期重點分析。請注意,我們的分析可能不考慮最新的價格敏感型公司公告或定性材料。簡而言之,華爾街沒有持有任何上述股票的頭寸。