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YGSOFT's (SZSE:002063) 5.9% CAGR Outpaced the Company's Earnings Growth Over the Same Five-year Period

YGSOFT's (SZSE:002063) 5.9% CAGR Outpaced the Company's Earnings Growth Over the Same Five-year Period

YGSOFT(深交所:002063)5.9%的年均複合增長率超過了公司在同五年期間的盈利增長。
Simply Wall St ·  2024/12/11 20:24

Generally speaking the aim of active stock picking is to find companies that provide returns that are superior to the market average. Buying under-rated businesses is one path to excess returns. To wit, the YGSOFT share price has climbed 30% in five years, easily topping the market return of 17% (ignoring dividends). On the other hand, the more recent gains haven't been so impressive, with shareholders gaining just 9.1%, including dividends.

一般來說,主動挑選股票的目的是找到提供超過市場平均回報的公司。 購買被低估的企業是獲取超額回報的一條路徑。 例如,YGSOFt的股票價格在五年內上漲了30%,遠超市場17%的回報(不考慮分紅派息)。 另一方面,最近的收益並不那麼引人注目,股東僅獲得了9.1%的收益,包括分紅派息。

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

由於YGSOFt的股東在這一週表現強勁,讓我們看看長期基本面的趨勢。

To quote Buffett, 'Ships will sail around the world but the Flat Earth Society will flourish. There will continue to be wide discrepancies between price and value in the marketplace...' 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.

引用巴菲特的話,『船會在世界各地航行,但地平線協會將蓬勃發展。市場上價格和價值之間將繼續存在廣泛的差異……』 一種有缺陷但合理的評估公司情緒變化的方法是比較每股收益(EPS)與股價。

Over half a decade, YGSOFT managed to grow its earnings per share at 8.9% a year. This EPS growth is higher than the 5% average annual increase in the share price. Therefore, it seems the market has become relatively pessimistic about the company.

在半個十年中,YGSOFt的每股收益以每年8.9%的速度增長。 這個EPS增長高於每年5%的股票價格平均增長率。因此,市場似乎對該公司變得相對悲觀。

You can see below how EPS has changed over time (discover the exact values by clicking on the image).

您可以在下面看到EPS如何隨時間變化(點擊圖片可以發現具體數值)。

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SZSE:002063 Earnings Per Share Growth December 12th 2024
深交所:002063 每股收益增長 2024年12月12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 incorporates the value of any spin-offs or discounted capital raisings, along with any dividends, based on the assumption that the dividends are reinvested. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. As it happens, YGSOFT's TSR for the last 5 years was 33%, which exceeds the share price return mentioned earlier. And there's no prize for guessing that the dividend payments largely explain the divergence!

考慮任何股票的總股東回報以及股價回報是非常重要的。總股東回報包含了任何分拆或折扣融資的價值,以及任何分紅,基於分紅被再投資的假設。可以說,總股東回報提供了股票所產生回報的更全面的視角。實際上,YGSOFT在過去五年的總股東回報爲33%,超過了前面提到的股價回報。而且,顯然,分紅支付在這種差異中起到了重要作用!

A Different Perspective

不同的視角

YGSOFT shareholders gained a total return of 9.1% during the year. But that was short of the market average. The silver lining is that the gain was actually better than the average annual return of 6% per year over five year. It is possible that returns will improve along with the business fundamentals. Is YGSOFT cheap compared to other companies? These 3 valuation measures might help you decide.

YGSOFT的股東在這一年獲得了總回報9.1%。但這與市場平均水平相比有所不足。好消息是,這一增益實際上好於過去五年每年平均6%的年回報率。回報可能會隨着業務基本面的改善而提升。YGSOFT與其他公司相比是否便宜?這三項估值指標可能會幫助您做出決定。

Of course YGSOFT may not be the best stock to buy. So you may wish to see this free collection of growth stocks.

當然,YGSOFt可能不是最值得買入的股票。因此,您可能希望查看這份免費的成長股票合集。

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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