Yunnan Tin's (SZSE:000960) Investors Will Be Pleased With Their Respectable 53% Return Over the Last Five Years
Yunnan Tin's (SZSE:000960) Investors Will Be Pleased With Their Respectable 53% Return Over the Last Five Years
Yunnan Tin Company Limited (SZSE:000960) shareholders might be concerned after seeing the share price drop 13% in the last quarter. But the silver lining is the stock is up over five years. In that time, it is up 51%, which isn't bad, but is below the market return of 53%.
云南锡业股份有限公司(SZSE:000960)在看到上季度股价下跌13%后,股东可能会感到担忧。但一线希望是,该股在五年内上涨了。在此期间,它上涨了51%,这还不错,但低于53%的市场回报率。
So let's investigate and see if the longer term performance of the company has been in line with the underlying business' progress.
因此,让我们来调查一下,看看该公司的长期表现是否与基础业务的发展一致。
View our latest analysis for Yunnan Tin
查看我们对云南锡的最新分析
In his essay The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not always rationally reflect the value of a business. 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.
在他的文章中格雷厄姆和多德斯维尔的超级投资者沃伦·巴菲特描述了股价并不总是理性地反映一家企业的价值。一种不完美但简单的方法来考虑市场对一家公司的看法是如何改变的,那就是将每股收益(EPS)的变化与股价走势进行比较。
Yunnan Tin's earnings per share are down 8.6% per year, despite strong share price performance over five years.
尽管过去五年股价表现强劲,但云南锡业的每股收益每年仍下降8.6%。
Essentially, it doesn't seem likely that investors are focused on EPS. Because earnings per share don't seem to match up with the share price, we'll take a look at other metrics instead.
从本质上讲,投资者似乎不太可能把重点放在每股收益上。由于每股收益似乎与股价不匹配,我们将转而看看其他指标。
The modest 0.9% dividend yield is unlikely to be propping up the share price. On the other hand, Yunnan Tin's revenue is growing nicely, at a compound rate of 6.8% over the last five years. It's quite possible that management are prioritizing revenue growth over EPS growth at the moment.
温和的0.9%的股息收益率不太可能支撑股价。另一方面,云南锡业的收入增长良好,过去五年的复合增长率为6.8%。目前,管理层很有可能将收入增长置于每股收益增长之上。
The image below shows how earnings and revenue have tracked over time (if you click on the image you can see greater detail).
下图显示了收益和收入随时间的变化情况(如果您点击该图,您可以看到更多详细信息)。
![earnings-and-revenue-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20231010/0-b7d9bc29a045c38e1a5b1e2555dbbdde-0-f9c7ddcd70ec03c45bc29ed56d266518.png/big)
It's probably worth noting that the CEO is paid less than the median at similar sized companies. It's always worth keeping an eye on CEO pay, but a more important question is whether the company will grow earnings throughout the years. If you are thinking of buying or selling Yunnan Tin stock, you should check out this free report showing analyst profit forecasts.
可能值得注意的是,首席执行官的薪酬低于类似规模公司的中位数。关注首席执行官的薪酬总是值得的,但更重要的问题是,该公司是否会在未来几年实现盈利增长。如果你正在考虑买卖云南锡业的股票,你应该看看这个。免费显示分析师利润预测的报告。
What About Dividends?
那股息呢?
When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. 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. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. As it happens, Yunnan Tin's TSR for the last 5 years was 53%, which exceeds the share price return mentioned earlier. This is largely a result of its dividend payments!
在考察投资回报时,重要的是要考虑到股东总回报(TSR)和股价回报。TSR是一种回报计算,计入了现金股息的价值(假设收到的任何股息都进行了再投资),以及任何贴现融资和剥离的计算价值。可以说,TSR更全面地描绘了一只股票产生的回报。碰巧的是,云南锡业过去5年的TSR为53%,超过了前面提到的股价回报。这在很大程度上是其股息支付的结果!
A Different Perspective
不同的视角
It's nice to see that Yunnan Tin shareholders have received a total shareholder return of 17% over the last year. And that does include the dividend. That's better than the annualised return of 9% 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 Yunnan Tin better, we need to consider many other factors. For instance, we've identified 2 warning signs for Yunnan Tin that you should be aware of.
很高兴看到云南锡业股东在过去一年中获得了17%的总股东回报。这确实包括了股息。这比过去五年9%的年化回报率要好,这意味着该公司最近的表现更好。鉴于股价势头依然强劲,仔细观察这只股票可能是值得的,以免错过预期和机会。跟踪股价的长期表现总是很有趣的。但要更好地了解云南锡业,我们还需要考虑许多其他因素。例如,我们已经确定云南锡的2个警示标志这一点你应该知道。
Of course Yunnan Tin may not be the best stock to buy. So you may wish to see this free collection of growth stocks.
当然了云南锡业可能不是最值得买入的股票。所以你可能想看看这个免费成长型股票的集合。
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on Chinese exchanges.
请注意,本文引用的市场回报反映了目前在中国交易所交易的股票的市场加权平均回报。
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本文由Simply Wall St.撰写,具有概括性。我们仅使用不偏不倚的方法提供基于历史数据和分析师预测的评论,我们的文章并不打算作为财务建议。它不构成买卖任何股票的建议,也没有考虑你的目标或你的财务状况。我们的目标是为您带来由基本面数据驱动的长期重点分析。请注意,我们的分析可能不会将最新的对价格敏感的公司公告或定性材料考虑在内。Simply Wall St.对上述任何一只股票都没有持仓。