The One-year Loss for Shenzhen Absen OptoelectronicLtd (SZSE:300389) Shareholders Likely Driven by Its Shrinking Earnings
The One-year Loss for Shenzhen Absen OptoelectronicLtd (SZSE:300389) Shareholders Likely Driven by Its Shrinking Earnings
It's nice to see the Shenzhen Absen Optoelectronic Co.,Ltd. (SZSE:300389) share price up 15% in a week. But that doesn't change the reality of under-performance over the last twelve months. In fact the stock is down 35% in the last year, well below the market return.
看到深圳市艾比森光電股份有限公司(SZSE:300389)股價在一週內上漲了15%確實令人高興。但這並不能改變過去十二個月表現不佳的現實。事實上,該股去年下跌了35%,遠低於市場回報。
While the last year has been tough for Shenzhen Absen OptoelectronicLtd shareholders, this past week has shown signs of promise. So let's look at the longer term fundamentals and see if they've been the driver of the negative returns.
儘管過去一年對深圳市艾比森光電股份有限公司股東來說很艱難,但上週顯示出了一些希望的跡象。所以讓我們看一下更長期的基本面,並且看看它們是否是負回報的推動因素。
While the efficient markets hypothesis continues to be taught by some, it has been proven that markets are over-reactive dynamic systems, and investors are not always rational. 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).
雖然有效市場假說仍然被一些人教授,但被證明市場是過度反應的動態系統,投資者並不總是理性的。檢查市場情緒如何隨時間變化的一種方法是看一個公司的股價與其每股收益(EPS)之間的交互作用。
Unfortunately Shenzhen Absen OptoelectronicLtd reported an EPS drop of 3.3% for the last year. This reduction in EPS is not as bad as the 35% share price fall. So it seems the market was too confident about the business, a year ago.
遺憾的是,深圳市艾比森光電股份有限公司的去年EPS下降了3.3%。儘管EPS的減少並不像35%的股價下跌那麼糟糕。因此,市場似乎在一年前對這家企業過於自信。
You can see how EPS has changed over time in the image below (click on the chart to see the exact values).
您可以在下面的圖片中查看每股收益如何隨時間變化(單擊圖表以查看確切的價值)。
It might be well worthwhile taking a look at our free report on Shenzhen Absen OptoelectronicLtd's earnings, revenue and cash flow.
值得一看我們關於深圳市艾比森光電股份有限公司(Earnings, revenue and cash flow)的免費報告。
A Different Perspective
不同的觀點
While the broader market lost about 10% in the twelve months, Shenzhen Absen OptoelectronicLtd shareholders did even worse, losing 33% (even including dividends). However, it could simply be that the share price has been impacted by broader market jitters. It might be worth keeping an eye on the fundamentals, in case there's a good opportunity. Longer term investors wouldn't be so upset, since they would have made 1.7%, each year, over five years. If the fundamental data continues to indicate long term sustainable growth, the current sell-off could be an opportunity worth considering. 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. Take risks, for example - Shenzhen Absen OptoelectronicLtd has 2 warning signs (and 1 which doesn't sit too well with us) we think you should know about.
在過去12個月中,雖然整體市場大約下跌了10%,但深圳市艾比森光電股份有限公司的股東們表現得更糟糕,虧損了33%(即使包括分紅派息)。然而,這可能僅僅是股價受到整體市場情緒的影響。值得留意基本面情況,以防存在良好的投資機會。長期投資者不太會感到失望,因爲在過去五年中,他們每年的收益率爲1.7%。如果基本數據繼續表明長期可持續增長,當前的拋售可能是值得考慮的機會。我發現長期來看股價作爲業務績效的替代指標非常有趣。但要真正獲得深入的見解,我們也需要考慮其他信息。例如,承擔風險 - 深圳市艾比森光電股份有限公司有2個警示信號(以及1個讓我們感到不太舒服的),我們認爲您應該了解。
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of companies that have proven they can grow earnings.
如果您願意查看另一家公司(具有潛在的更好財務狀況),請不要錯過這個免費的公司列表,證明它們可以增長收益。
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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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。