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Investors in Shanxi Lu'an Environmental Energy Development (SHSE:601699) Have Seen Splendid Returns of 268% Over the Past Three Years

Investors in Shanxi Lu'an Environmental Energy Development (SHSE:601699) Have Seen Splendid Returns of 268% Over the Past Three Years

山西六安環保能源開發(上海證券交易所代碼:601699)的投資者在過去三年中獲得了268%的豐厚回報
Simply Wall St ·  2023/10/24 08:42

It might seem bad, but the worst that can happen when you buy a stock (without leverage) is that its share price goes to zero. But when you pick a company that is really flourishing, you can make more than 100%. For example, the Shanxi Lu'an Environmental Energy Development Co., Ltd. (SHSE:601699) share price has soared 195% in the last three years. That sort of return is as solid as granite. It's down 2.7% in the last seven days.

這看起來可能很糟糕,但當你(在沒有槓桿的情況下)購買一隻股票時,最糟糕的情況可能是它的股價跌至零。但當你選擇一家真正蓬勃發展的公司時,你可以製作超過100%。例如,山西Lu安環境能源開發有限公司。(上海證券交易所:601699)股價在過去三年裡飆升了195%。這種回報是堅如磐石的。在過去的七天裡,它下跌了2.7%。

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,讓我們來調查一下,看看該公司的長期表現是否與基礎業務的發展一致。

View our latest analysis for Shanxi Lu'an Environmental Energy Development

看我們對山西Lu環境能源發展的最新分析

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 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).

用巴菲特的話說,“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……”考察市場情緒如何隨時間變化的一種方法是觀察一家公司的股價和每股收益(EPS)之間的相互作用。

Shanxi Lu'an Environmental Energy Development was able to grow its EPS at 90% per year over three years, sending the share price higher. This EPS growth is higher than the 43% average annual increase in the share price. So one could reasonably conclude that the market has cooled on the stock. We'd venture the lowish P/E ratio of 4.04 also reflects the negative sentiment around the stock.

山西Lu安環境能源發展有限公司能夠在三年內以每年90%的速度增長每股收益,推動其股價走高。這一每股收益增幅高於該公司股價43%的年均增幅。因此,人們可以合理地得出結論,市場對該股的態度已經降溫。我們敢說,4.04的低本益比也反映了圍繞該股的負面情緒。

The image below shows how EPS has tracked over time (if you click on the image you can see greater detail).

下圖顯示了EPS是如何隨著時間的推移進行跟蹤的(如果您點擊該圖像,您可以看到更多詳細資訊)。

earnings-per-share-growth
SHSE:601699 Earnings Per Share Growth October 24th 2023
上海證交所:2023年10月24日每股收益增長601699

We know that Shanxi Lu'an Environmental Energy Development has improved its bottom line over the last three years, but what does the future have in store? It might be well worthwhile taking a look at our free report on how its financial position has changed over time.

我們知道,山西Lu安環境能源發展有限公司在過去三年裡提高了底線,但未來會是什麼樣子?也許很值得一看我們的免費報告其財務狀況如何隨著時間的推移而發生變化。

What About Dividends?

那股息呢?

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. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. As it happens, Shanxi Lu'an Environmental Energy Development's TSR for the last 3 years was 268%, which exceeds the share price return mentioned earlier. This is largely a result of its dividend payments!

除了衡量股價回報外,投資者還應考慮總股東回報(TSR)。TSR是一種回報計算,計入了現金股息的價值(假設收到的任何股息都進行了再投資),以及任何貼現融資和剝離的計算價值。可以說,TSR更全面地描繪了一隻股票產生的回報。恰好,山西Lu安環境能源發展有限公司最近3年的TSR為268%,超過了前面提到的股價回報率。這在很大程度上是其股息支付的結果!

A Different Perspective

不同的視角

It's nice to see that Shanxi Lu'an Environmental Energy Development shareholders have received a total shareholder return of 48% over the last year. And that does include the dividend. That gain is better than the annual TSR over five years, which is 25%. Therefore it seems like sentiment around the company has been positive lately. Someone with an optimistic perspective could view the recent improvement in TSR as indicating that the business itself is getting better with time. 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. Consider for instance, the ever-present spectre of investment risk. We've identified 2 warning signs with Shanxi Lu'an Environmental Energy Development (at least 1 which doesn't sit too well with us) , and understanding them should be part of your investment process.

很高興看到山西Lu環境能源發展有限公司的股東在過去一年中獲得了48%的總股東回報。這確實包括了股息。這一收益好於五年內的年度TSR,後者為25%。因此,最近圍繞該公司的情緒似乎一直是積極的。持樂觀觀點的人可能會認為,最近TSR的改善表明,業務本身正在隨著時間的推移而變得更好。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。例如,考慮一下無處不在的投資風險幽靈。我們已經確定了兩個警告信號與山西Lu安環境能源開發公司合作(至少有1家我們不太滿意),瞭解它們應該是您投資過程的一部分。

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of companies we expect will grow earnings.

當然了,如果你把目光投向別處,你可能會發現這是一筆很棒的投資。所以讓我們來看看這個免費我們預計收益將會增長的公司名單。

Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on Chinese exchanges.

請注意,本文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,地址是暗示Wallst.com。
本文由Simply Wall St.撰寫,具有概括性.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.Simply Wall St.對上述任何一隻股票都沒有持倉.

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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