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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%

广东中南钢铁(深交所股票代码:000717)本周下跌5.9%,使五年跌幅达到48%,进一步疲软
Simply Wall St ·  2023/10/23 20:42

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.

对许多人来说,投资的主要目的是创造比整体市场更高的回报。但即使是最好的选股者也只有在一些选择。所以我们不会责怪长期广东中南钢铁股份有限公司。(SZSE:000717)股东对他们持有股票的决定表示怀疑,该股在过去五年中下跌了55%。最近,该公司股价在一个月内进一步下跌了9.1%。然而,我们确实注意到,大盘在此期间下跌了7.2%,这可能拖累了股价。

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.

由于广东中南钢铁在过去7天里市值缩水4.12亿元人民币,让我们看看长期下跌是否受到了企业经济的推动。

Check out our latest analysis for Guangdong Zhongnan Iron and Steel

查看我们对广东中南钢铁的最新分析

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.

虽然有效市场假说继续被一些人传授,但事实证明,市场是过度反应的动态系统,投资者并不总是理性的。通过比较每股收益(EPS)和股价随时间的变化,我们可以感受到投资者对一家公司的态度随着时间的推移发生了怎样的变化。

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.

在过去的五年里,广东中南钢铁的股价下跌,每股收益降至零以下。由于该公司已陷入亏损状态,很难将每股收益的变化与股价的变化进行比较。但考虑到目前的情况,我们通常预计价格会更低。

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是如何随着时间的推移而变化的(通过单击图像来了解确切的值)。

earnings-per-share-growth
SZSE:000717 Earnings Per Share Growth October 24th 2023
上交所:2023年10月24日每股收益增长000717

Before buying or selling a stock, we always recommend a close examination of historic growth trends, available here.

在买卖股票之前,我们总是建议仔细研究一下历史增长趋势,可以在这里找到。

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!

重要的是要考虑任何给定股票的总股东回报以及股价回报。TSR包括任何剥离或贴现融资的价值,以及任何股息,基于股息再投资的假设。公平地说,TSR为支付股息的股票提供了更完整的图景。我们注意到,广东中南钢铁过去5年的TSR为-48%,好于上面提到的股价回报率。这在很大程度上是其股息支付的结果!

A Different Perspective

不同的视角

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 .

虽然大盘在过去12个月里下跌了约6.4%,但广东中南钢铁的股东表现更差,下跌了9.6%(甚至包括股息)。话虽如此,在下跌的市场中,一些股票不可避免地会被超卖。关键是要密切关注基本面的发展。然而,过去一年的亏损没有过去五年投资者遭受的8%的年亏损那么严重。我们需要在关键指标上看到一些持续的改善,然后我们才能调动起太多的热情。跟踪股价的长期表现总是很有趣的。但要更好地了解广东中南钢铁,还需要考虑许多其他因素。为此,您应该意识到1个警告标志我们已经看到了广东中南钢铁公司。

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.

当然了广东中南钢铁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。

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.

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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。

声明:本内容仅用作提供资讯及教育之目的,不构成对任何特定投资或投资策略的推荐或认可。 更多信息
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