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Jiangsu Zhongtian Technology's (SHSE:600522) 16% CAGR Outpaced the Company's Earnings Growth Over the Same Five-year Period

Jiangsu Zhongtian Technology's (SHSE:600522) 16% CAGR Outpaced the Company's Earnings Growth Over the Same Five-year Period

中天科技(SHSE:600522)的16%年複合增長率超過了同一五年期內公司的盈利增長
Simply Wall St ·  12/03 12:20

When we invest, we're generally looking for stocks that outperform the market average. And in our experience, buying the right stocks can give your wealth a significant boost. For example, long term Jiangsu Zhongtian Technology Co., Ltd. (SHSE:600522) shareholders have enjoyed a 100% share price rise over the last half decade, well in excess of the market return of around 20% (not including dividends). However, more recent returns haven't been as impressive as that, with the stock returning just 25% in the last year, including dividends.

當我們投資時,我們通常尋找表現優於市場平均水平的股票。在我們的經驗中,買入正確的股票可以顯著提升您的財富。例如,長揸中天科技(SHSE:600522)股份的股東在過去五年中享受了100%的股價上漲,遠高於約20%的市場回報(不包括分紅派息)。然而,近期的回報卻沒有那麼令人印象深刻,過去一年該股票的回報僅爲25%,包括分紅派息。

Since it's been a strong week for Jiangsu Zhongtian Technology shareholders, let's have a look at trend of the longer term fundamentals.

由於江蘇中天科技股份有限公司股東這一週表現強勁,讓我們來看一下更長期基本面的趨勢。

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 flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price.

借用本傑明·Graham的話:短期內,市場是投票機,但長期來看,它是稱重機。評估市場對一家公司的情緒變化的一個有缺陷但合理的方式是將每股收益(EPS)與股價進行比較。

Over half a decade, Jiangsu Zhongtian Technology managed to grow its earnings per share at 5.2% a year. This EPS growth is slower than the share price growth of 15% per year, over the same period. So it's fair to assume the market has a higher opinion of the business than it did five years ago. That's not necessarily surprising considering the five-year track record of earnings growth.

在過去五年中,中天科技每年實現每股收益增長5.2%。這個每股收益的增長速度低於同期股價的每年15%的增長。因此,可以合理地假設市場對該業務的看法比五年前更高。考慮到五年的收益增長記錄,這並不令人驚訝。

You can see how EPS has changed over time in the image below (click on the chart to see the exact values).

您可以在下面的圖像中查看每股收益隨時間變化的情況(點擊圖表查看具體數值)。

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SHSE:600522 Earnings Per Share Growth December 3rd 2024
SHSE:600522每股收益增長2024年12月3日

Before buying or selling a stock, we always recommend a close examination of historic growth trends, available here.

在買入或賣出股票之前,我們總是建議仔細審查歷史增長趨勢,詳情請見這裏。

What About Dividends?

關於分紅派息的問題

It is important to consider the total shareholder return, as well as the share price return, for any given stock. The TSR is a return calculation that accounts for the value of cash dividends (assuming that any dividend received was reinvested) and the calculated value of any discounted capital raisings and spin-offs. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. We note that for Jiangsu Zhongtian Technology the TSR over the last 5 years was 109%, which is better than the share price return mentioned above. This is largely a result of its dividend payments!

考慮任何特定股票的總股東回報以及股價回報是非常重要的。總股東回報是一個回報計算,考慮到了現金分紅的價值(假設所有收到的分紅都被再投資)以及任何折扣資本籌集和分拆的計算價值。因此,對於那些支付慷慨分紅的公司,總股東回報通常高於股價回報。我們注意到,中天科技在過去五年的總股東回報爲109%,這比上述股價回報要好。這在很大程度上是由於其分紅支付!

A Different Perspective

不同的視角

It's nice to see that Jiangsu Zhongtian Technology shareholders have received a total shareholder return of 25% over the last year. And that does include the dividend. That gain is better than the annual TSR over five years, which is 16%. Therefore it seems like sentiment around the company has been positive lately. Given the share price momentum remains strong, it might be worth taking a closer look at the stock, lest you miss an opportunity. Before forming an opinion on Jiangsu Zhongtian Technology you might want to consider these 3 valuation metrics.

很高興看到中天科技的股東在過去一年中獲得了25%的總股東回報。這其中包括了分紅。這一收益好於過去五年的年總股東回報,後者爲16%。因此,似乎最近市場對該公司的情緒較爲積極。鑑於股價勢頭依然強勁,可能值得更仔細地審視一下這隻股票,以免錯失機會。在對中天科技形成看法之前,您可能希望考慮這三個估值指標。

But note: Jiangsu Zhongtian Technology may not be the best stock to buy. So take a peek at this free list of interesting companies with past earnings growth (and further growth forecast).

但請注意:中天科技可能不是最佳的買入股票。因此請查看這份免費名單,其中包含了一些過去收益增長(和進一步增長預測)有趣的公司。

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交易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.

對本文有反饋?對內容有疑慮?請直接與我們聯繫。或者,發送電子郵件至 editorial-team (at) simplywallst.com。
這篇來自Simply Wall St的文章是一般性的。我們根據歷史數據和分析師預測提供評論,採用無偏見的方法,我們的文章並不旨在提供財務建議。它不構成對任何股票的買入或賣出建議,也未考慮到您的目標或財務狀況。我們旨在爲您提供以基本數據驅動的長期分析。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在提到的任何股票中均沒有持倉。

声明:本內容僅用作提供資訊及教育之目的,不構成對任何特定投資或投資策略的推薦或認可。 更多信息
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