The Three-year Loss for Jiangsu Tongguang Electronic Wire & Cable (SZSE:300265) Shareholders Likely Driven by Its Shrinking Earnings
The Three-year Loss for Jiangsu Tongguang Electronic Wire & Cable (SZSE:300265) Shareholders Likely Driven by Its Shrinking Earnings
Jiangsu Tongguang Electronic Wire & Cable Co., Ltd. (SZSE:300265) shareholders should be happy to see the share price up 17% in the last quarter. But that doesn't help the fact that the three year return is less impressive. After all, the share price is down 18% in the last three years, significantly under-performing the market.
江蘇通廣電線電纜股份有限公司(SZSE:300265)的股東應該高興地看到股價在上個季度上漲了17%。 但令人不滿意的是,過去三年的回報率卻不那麼令人印象深刻。 畢竟,股價在過去三年下跌了18%,明顯表現不佳。
Although the past week has been more reassuring for shareholders, they're still in the red over the last three years, so let's see if the underlying business has been responsible for the decline.
儘管過去一週對股東來說更令人放心,但在過去的三年中,他們仍然處於虧損狀態,因此讓我們看看基本業務是否對下降負責。
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。
Jiangsu Tongguang Electronic Wire & Cable saw its EPS decline at a compound rate of 1.3% per year, over the last three years. This reduction in EPS is slower than the 6% annual reduction in the share price. So it seems the market was too confident about the business, in the past. Having said that, the market is still optimistic, given the P/E ratio of 67.80.
江蘇通光電子電纜的每股收益以1.3%的年複合率下降,持續了過去三年。每股收益的減少速度比股價每年下跌6%的速度慢。 因此,市場似乎對過去的業務過於自信。 話雖如此,鑑於市盈率爲67.80,市場仍然持樂觀態度。
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)。
Dive deeper into Jiangsu Tongguang Electronic Wire & Cable's key metrics by checking this interactive graph of Jiangsu Tongguang Electronic Wire & Cable's earnings, revenue and cash flow.
通過查看江蘇同廣電線電纜的互動圖表,更深入了解江蘇同廣電線電纜的盈利、營收和現金流等關鍵指標。
A Different Perspective
另一種看法
Jiangsu Tongguang Electronic Wire & Cable shareholders are down 6.7% for the year (even including dividends), but the market itself is up 11%. Even the share prices of good stocks drop sometimes, but we want to see improvements in the fundamental metrics of a business, before getting too interested. Longer term investors wouldn't be so upset, since they would have made 3%, 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. To that end, you should be aware of the 2 warning signs we've spotted with Jiangsu Tongguang Electronic Wire & Cable .
江蘇同廣電線電纜的股東今年下跌了6.7%(包括股息在內),但市場本身上漲了11%。即使好股票的股價有時會下跌,但我們希望在產業基本指標改善之前不要太感興趣。長期投資者不會那麼沮喪,因爲他們每年可以獲得3%的回報,五年內累計達到。。。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。我發現長期觀察股價作爲業務表現的一種替代指標非常有趣。但要真正獲得洞見,我們還需要考慮其他信息。出於這個目的,您應該注意我們發現的江蘇同廣電線電纜公司的 2個警示信號。
If you are like me, then you will not want to miss this free list of undervalued small caps that insiders are buying.
如果您和我一樣,那麼您一定不想錯過這份免費的被內部人員買入的低估小盤股清單。
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,本文中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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對這篇文章有反饋嗎?對內容感到擔憂嗎?請直接與我們聯繫。或者,發送電子郵件至editorial-team @ simplywallst.com。
Simply Wall St的這篇文章是一般性質的。我們僅基於歷史數據和分析師預測提供評論,使用公正的方法,我們的文章並非意在提供財務建議。這並不構成買入或賣出任何股票的建議,並且不考慮您的目標或財務狀況。我們旨在爲您帶來基於基礎數據驅動的長期聚焦分析。請注意,我們的分析可能未考慮最新的價格敏感公司公告或定性材料。Simply Wall St對提及的任何股票都沒有持倉。