Shandong Iron and Steel (SHSE:600022 Investor Five-year Losses Grow to 13% as the Stock Sheds CN¥535m This Past Week
Shandong Iron and Steel (SHSE:600022 Investor Five-year Losses Grow to 13% as the Stock Sheds CN¥535m This Past Week
In order to justify the effort of selecting individual stocks, it's worth striving to beat the returns from a market index fund. But the main game is to find enough winners to more than offset the losers At this point some shareholders may be questioning their investment in Shandong Iron and Steel Company Ltd. (SHSE:600022), since the last five years saw the share price fall 19%.
為了證明挑選個股的努力是合理的,值得努力超越市場指數基金的回報。但主要的遊戲是找到足夠多的贏家來抵消輸家在這一點上一些股東可能會質疑他們對山東鋼鐵股份有限公司。(上交所:600022),自過去五年股價下跌19%.
Since Shandong Iron and Steel has shed CN¥535m from its value in the past 7 days, let's see if the longer term decline has been driven by the business' economics.
由於山東鋼鐵在過去7天裡市值縮水5.35億元人民幣,讓我們看看長期下跌是否受到了企業經濟的推動。
View our latest analysis for Shandong Iron and Steel
查看我們對山東鋼鐵的最新分析
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。
Over five years Shandong Iron and Steel's earnings per share dropped significantly, falling to a loss, with the share price also lower. 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.
五年來,山東鋼鐵的每股收益大幅下降,陷入虧損,股價也隨之走低。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 how EPS has changed over time in the image below (click on the chart to see the exact values).
您可以在下圖中看到EPS是如何隨著時間的推移而變化的(單擊圖表可查看精確值)。
![earnings-per-share-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20231025/0-f9196fae714f01ec6a69ec4900d4eb90-0-71992015b9adabf880236035aea05aa3.png/big)
Dive deeper into Shandong Iron and Steel's key metrics by checking this interactive graph of Shandong Iron and Steel's earnings, revenue and cash flow.
通過查看這張山東鋼鐵收益、收入和現金流的互動圖表,更深入地瞭解山東鋼鐵的關鍵指標。
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 incorporates the value of any spin-offs or discounted capital raisings, along with any dividends, based on the assumption that the dividends are reinvested. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. We note that for Shandong Iron and Steel the TSR over the last 5 years was -13%, which is better than the share price return mentioned above. And there's no prize for guessing that the dividend payments largely explain the divergence!
除了衡量股價回報外,投資者還應考慮總股東回報(TSR)。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。可以說,TSR更全面地描繪了一隻股票產生的回報。我們注意到,山東鋼鐵過去5年的TSR為-13%,好於上述股價回報。而且,猜測股息支付在很大程度上解釋了這種差異是沒有好處的!
A Different Perspective
不同的視角
The total return of 6.7% received by Shandong Iron and Steel shareholders over the last year isn't far from the market return of -6.4%. So last year was actually even worse than the last five years, which cost shareholders 2% per year. It will probably take a substantial improvement in the fundamental performance for the company to reverse this trend. It's always interesting to track share price performance over the longer term. But to understand Shandong Iron and Steel better, we need to consider many other factors. For example, we've discovered 2 warning signs for Shandong Iron and Steel that you should be aware of before investing here.
山東鋼鐵股東過去一年6.7%的總回報率與-6.4%的市場回報率相距不遠。因此,去年實際上比過去五年還要糟糕,過去五年股東每年損失2%。該公司可能需要基本面業績的大幅改善才能扭轉這一趨勢。跟蹤股價的長期表現總是很有趣的。但要更好地瞭解山東鋼鐵,我們還需要考慮許多其他因素。例如,我們發現山東鋼鐵的2個警示標誌在這裡投資之前你應該意識到這一點。
For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
對於那些想要找到贏得投資這免費最近有內幕收購的不斷增長的公司名單可能就是合適的選擇。
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.
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.