Further Weakness as Guangdong Zhongnan Iron and Steel (SZSE:000717) Drops 5.9% This Week, Taking Five-year Losses to 48%
Further Weakness as Guangdong Zhongnan Iron and Steel (SZSE:000717) Drops 5.9% This Week, Taking Five-year Losses to 48%
For many, the main point of investing is to generate higher returns than the overall market. But even the best stock picker will only win with some selections. So we wouldn't blame long term Guangdong Zhongnan Iron and Steel Co., Ltd. (SZSE:000717) shareholders for doubting their decision to hold, with the stock down 55% over a half decade. More recently, the share price has dropped a further 9.1% in a month. We do note, however, that the broader market is down 7.2% in that period, and this may have weighed on the share price.
對許多人來說,投資的主要目的是創造比整體市場更高的回報。但即使是最好的選股者也只有在一些選擇。所以我們不會責怪長期廣東中南鋼鐵股份有限公司。(SZSE:000717)股東對他們持有股票的決定表示懷疑,該股在過去五年中下跌了55%。最近,該公司股價在一個月內進一步下跌了9.1%。然而,我們確實注意到,大盤在此期間下跌了7.2%,這可能拖累了股價。
Since Guangdong Zhongnan Iron and Steel has shed CN¥412m from its value in the past 7 days, let's see if the longer term decline has been driven by the business' economics.
由於廣東中南鋼鐵在過去7天裡市值縮水4.12億元人民幣,讓我們看看長期下跌是否受到了企業經濟的推動。
Check out our latest analysis for Guangdong Zhongnan Iron and Steel
查看我們對廣東中南鋼鐵的最新分析
While the efficient markets hypothesis continues to be taught by some, it has been proven that markets are over-reactive dynamic systems, and investors are not always rational. By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time.
雖然有效市場假說繼續被一些人傳授,但事實證明,市場是過度反應的動態系統,投資者並不總是理性的。通過比較每股收益(EPS)和股價隨時間的變化,我們可以感受到投資者對一家公司的態度隨著時間的推移發生了怎樣的變化。
In the last half decade Guangdong Zhongnan Iron and Steel saw its share price fall as its EPS declined below zero. Since the company has fallen to a loss making position, it's hard to compare the change in EPS with the share price change. But we would generally expect a lower price, given the situation.
在過去的五年裡,廣東中南鋼鐵的股價下跌,每股收益降至零以下。由於該公司已陷入虧損狀態,很難將每股收益的變化與股價的變化進行比較。但考慮到目前的情況,我們通常預計價格會更低。
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是如何隨著時間的推移而變化的(通過單擊圖像來了解確切的值)。
![earnings-per-share-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20231024/0-ccd16504942eee242c9a8821f77c0c3c-0-8f38b2ac7d30da37f94e8ffb94fabfe6.png/big)
Before buying or selling a stock, we always recommend a close examination of historic growth trends, available here.
在買賣股票之前,我們總是建議仔細研究一下歷史增長趨勢,可以在這裡找到。
What About Dividends?
那股息呢?
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. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. We note that for Guangdong Zhongnan Iron and Steel the TSR over the last 5 years was -48%, which is better than the share price return mentioned above. This is largely a result of its dividend payments!
重要的是要考慮任何給定股票的總股東回報以及股價回報。TSR包括任何剝離或貼現融資的價值,以及任何股息,基於股息再投資的假設。公平地說,TSR為支付股息的股票提供了更完整的圖景。我們注意到,廣東中南鋼鐵過去5年的TSR為-48%,好於上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
While the broader market lost about 6.4% in the twelve months, Guangdong Zhongnan Iron and Steel shareholders did even worse, losing 9.6% (even including dividends). 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. However, the loss over the last year isn't as bad as the 8% per annum loss investors have suffered over the last half decade. We'd need to see some sustained improvements in the key metrics before we could muster much enthusiasm. It's always interesting to track share price performance over the longer term. But to understand Guangdong Zhongnan Iron and Steel better, we need to consider many other factors. To that end, you should be aware of the 1 warning sign we've spotted with Guangdong Zhongnan Iron and Steel .
雖然大盤在過去12個月裡下跌了約6.4%,但廣東中南鋼鐵的股東表現更差,下跌了9.6%(甚至包括股息)。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。然而,過去一年的虧損沒有過去五年投資者遭受的8%的年虧損那麼嚴重。我們需要在關鍵指標上看到一些持續的改善,然後我們才能調動起太多的熱情。跟蹤股價的長期表現總是很有趣的。但要更好地瞭解廣東中南鋼鐵,還需要考慮許多其他因素。為此,您應該意識到1個個警告標誌我們已經看到了廣東中南鋼鐵公司。
Of course Guangdong Zhongnan Iron and Steel may not be the best stock to buy. So you may wish to see this free collection of growth stocks.
當然了廣東中南鋼鐵可能不是最值得買入的股票那就是。所以你可能想看看這個免費成長型股票的集合。
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on Chinese exchanges.
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。
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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.
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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.