Those Who Invested in Jiangsu Yoke Technology (SZSE:002409) Five Years Ago Are up 101%
Those Who Invested in Jiangsu Yoke Technology (SZSE:002409) Five Years Ago Are up 101%
When we invest, we're generally looking for stocks that outperform the market average. And the truth is, you can make significant gains if you buy good quality businesses at the right price. To wit, the Jiangsu Yoke Technology share price has climbed 96% in five years, easily topping the market return of 1.5% (ignoring dividends). On the other hand, the more recent gains haven't been so impressive, with shareholders gaining just 21%, including dividends.
當我們投資時,通常尋找那些表現優於市場平均水平的股票。事實上,如果以合適的價格購買優質的業務,你可以獲得顯著的收益。舉個例子,雅克科技的股價在五年內上漲了96%,遠遠超過了市場回報的1.5%(不考慮分紅派息)。另一方面,最近的增益並不那麼令人印象深刻,股東的收益僅爲21%,包括分紅派息。
Now it's worth having a look at the company's fundamentals too, because that will help us determine if the long term shareholder return has matched the performance of the underlying business.
現在值得關注一下公司的基本面,因爲這將幫助我們判斷長期股東回報是否與基礎業務的表現相匹配。
There is no denying that markets are sometimes efficient, but prices do not always reflect underlying business performance. 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).
無可否認,市場有時是有效的,但價格並不總是反映基礎業務的表現。一種檢查市場情緒隨時間變化的方法是觀察公司股價與每股收益(EPS)之間的互動。
During five years of share price growth, Jiangsu Yoke Technology achieved compound earnings per share (EPS) growth of 27% per year. This EPS growth is higher than the 14% average annual increase in the share price. So it seems the market isn't so enthusiastic about the stock these days.
在五年的股價增長中,雅克科技實現了每股收益(EPS)每年27%的複合增長。這一EPS增長高於股價每年14%的平均增幅。因此,看來市場對這隻股票現在並沒有那麼熱情。
The graphic below depicts how EPS has changed over time (unveil the exact values by clicking on the image).
下圖顯示了EPS隨時間變化的情況(點擊圖像以顯示確切值)。
It's probably worth noting that the CEO is paid less than the median at similar sized companies. But while CEO remuneration is always worth checking, the really important question is whether the company can grow earnings going forward. It might be well worthwhile taking a look at our free report on Jiangsu Yoke Technology's earnings, revenue and cash flow.
值得注意的是,CEO的薪酬低於同類公司中位數。但雖然CEO薪酬總是值得關注,真正重要的問題是公司未來能否實現盈利增長。查看我們關於雅克科技的收益、營業收入和現金流的免費報告可能非常有價值。
What About Dividends?
關於分紅派息的問題
As well as measuring the share price return, investors should also consider the total shareholder return (TSR). 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. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. As it happens, Jiangsu Yoke Technology's TSR for the last 5 years was 101%, which exceeds the share price return mentioned earlier. And there's no prize for guessing that the dividend payments largely explain the divergence!
除了衡量股價回報外,投資者還應考慮總股東回報(TSR)。TSR是考慮現金分紅價值的回報計算(假設收到的任何分紅都被再投資)以及任何折價融資和分拆的計算價值。可以公平地說,TSR爲支付分紅的股票提供了更全面的視角。巧合的是,雅克科技過去5年的TSR爲101%,超過了前面提到的股價回報。並且,分紅支付很大程度上解釋了這種差異,猜得不難!
A Different Perspective
不同的視角
We're pleased to report that Jiangsu Yoke Technology shareholders have received a total shareholder return of 21% over one year. That's including the dividend. That's better than the annualised return of 15% over half a decade, implying that the company is doing better recently. Given the share price momentum remains strong, it might be worth taking a closer look at the stock, lest you miss an opportunity. It's always interesting to track share price performance over the longer term. But to understand Jiangsu Yoke Technology better, we need to consider many other factors. Case in point: We've spotted 2 warning signs for Jiangsu Yoke Technology you should be aware of, and 1 of them is a bit unpleasant.
我們很高興地報告,雅克科技的股東在一年內獲得了21%的總股東回報。這包括分紅。這比過去五年的年化回報15%要好,意味着公司最近表現更佳。考慮到股價勢頭保持強勁,仔細看看這隻股票可能值得,以免錯失良機。長期跟蹤股價表現總是很有趣。但要更好地理解雅克科技,我們需要考慮許多其他因素。舉個例子:我們發現雅克科技有2個你應該注意的警示信號,其中1個有點不愉快。
For those who like to find winning investments this free list of undervalued companies with recent insider purchasing, could be just the ticket.
對於喜歡尋找贏家投資的人來說,這份關於最近有內部人士購買的被低估公司的免費名單,可能正是你所需要的。
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。
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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。