Cedar Development (SZSE:002485) sheds CN¥332m, company earnings and investor returns have been trending downwards for past five years
Cedar Development (SZSE:002485) sheds CN¥332m, company earnings and investor returns have been trending downwards for past five years
We're definitely into long term investing, but some companies are simply bad investments over any time frame. We don't wish catastrophic capital loss on anyone. For example, we sympathize with anyone who was caught holding Cedar Development Co., Ltd. (SZSE:002485) during the five years that saw its share price drop a whopping 71%. And some of the more recent buyers are probably worried, too, with the stock falling 28% in the last year. The falls have accelerated recently, with the share price down 30% in the last three months. But this could be related to the weak market, which is down 15% in the same period.
我們絕對喜歡長期投資,但一些公司在任何時間範圍內都是糟糕的投資。我們不希望任何人遭受災難性的資本損失。例如,我們同情任何被抓到持有雪松發展有限公司。(SZSE:002485)在這五年中,其股價暴跌了71%。一些最近的買家可能也在擔心,該公司股價去年下跌了28%。股價最近加速下跌,在過去三個月裏下跌了30%。但這可能與疲軟的市場有關,同期市場下跌了15%。
If the past week is anything to go by, investor sentiment for Cedar Development isn't positive, so let's see if there's a mismatch between fundamentals and the share price.
如果以過去一週為標準,投資者對雪松發展的情緒並不樂觀,所以讓我們看看基本面和股價之間是否存在錯配。
View our latest analysis for Cedar Development
查看我們對雪松發展的最新分析
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 imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement.
用巴菲特的話説,“船隻將在世界各地航行,但平坦的地球協會將蓬勃發展。市場上的價格和價值之間將繼續存在巨大的差異……”一種不完美但簡單的方法來考慮市場對一家公司的看法是如何改變的,那就是將每股收益(EPS)的變化與股價走勢進行比較。
During five years of share price growth, Cedar Development moved from a loss to profitability. Most would consider that to be a good thing, so it's counter-intuitive to see the share price declining. Other metrics might give us a better handle on how its value is changing over time.
在股價增長的五年中,雪松發展從虧損轉為盈利。大多數人會認為這是一件好事,所以看到股價下跌是有違常理的。其他指標可能會讓我們更好地瞭解其價值是如何隨着時間的推移而變化的。
In contrast to the share price, revenue has actually increased by 23% a year in the five year period. So it seems one might have to take closer look at the fundamentals to understand why the share price languishes. After all, there may be an opportunity.
與股價形成對比的是,在這五年期間,營收實際上以每年23%的速度增長。因此,人們似乎必須更仔細地觀察基本面,才能理解股價低迷的原因。畢竟,可能會有機會。
The company's revenue and earnings (over time) are depicted in the image below (click to see the exact numbers).
該公司的收入和收益(隨着時間的推移)如下圖所示(點擊查看具體數字)。
If you are thinking of buying or selling Cedar Development stock, you should check out this FREE detailed report on its balance sheet.
如果你正在考慮購買或出售雪松發展公司的股票,你應該看看這個免費關於其資產負債表的詳細報告。
A Different Perspective
不同的視角
We regret to report that Cedar Development shareholders are down 28% for the year. Unfortunately, that's worse than the broader market decline of 9.0%. Having said that, it's inevitable that some stocks will be oversold in a falling market. The key is to keep your eyes on the fundamental developments. Regrettably, last year's performance caps off a bad run, with the shareholders facing a total loss of 11% per year over five years. Generally speaking long term share price weakness can be a bad sign, though contrarian investors might want to research the stock in hope of a turnaround. While it is well worth considering the different impacts that market conditions can have on the share price, there are other factors that are even more important. To that end, you should learn about the 3 warning signs we've spotted with Cedar Development (including 1 which shouldn't be ignored) .
我們遺憾地報告,雪松發展公司的股東今年以來下跌了28%。不幸的是,這比大盤9.0%的跌幅還要糟糕。話雖如此,在下跌的市場中,一些股票不可避免地會被超賣。關鍵是要密切關注基本面的發展。令人遺憾的是,去年的業績為糟糕的表現畫上了句號,股東們在五年內面臨着每年11%的總虧損。一般來説,股價長期疲軟可能是一個壞信號,儘管反向投資者可能會希望研究這隻股票,希望它能好轉。雖然值得考慮市場狀況對股價可能產生的不同影響,但還有其他更重要的因素。為此,您應該瞭解我們在Cedar Development上發現的3個警告信號(包括1個不應被忽視的警告信號)。
We will like Cedar Development better if we see some big insider buys. While we wait, check out this free list of growing companies with considerable, recent, insider buying.
如果我們看到一些大的內部收購,我們會更喜歡雪松發展公司。在我們等待的時候,看看這個免費最近有大量內幕收購的成長型公司名單。
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on CN exchanges.
請注意,本文引用的市場回報反映了目前在CN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.
對這篇文章有什麼反饋嗎?擔心內容嗎?保持聯繫直接與我們聯繫。或者,也可以給編輯組發電子郵件,地址是implywallst.com。
這篇由《華爾街日報》撰寫的文章本質上是籠統的。我們僅使用不偏不倚的方法提供基於歷史數據和分析師預測的評論,我們的文章並不打算作為財務建議。它不構成買賣任何股票的建議,也沒有考慮你的目標或你的財務狀況。我們的目標是為您帶來由基本面數據驅動的長期重點分析。請注意,我們的分析可能不會將最新的對價格敏感的公司公告或定性材料考慮在內。簡單地説,華爾街在提到的任何股票中都沒有頭寸。