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%.
为了证明挑选个股的努力是合理的,值得努力超越市场指数基金的回报。但主要的游戏是找到足够多的赢家来抵消输家在这一点上一些股东可能会质疑他们对山东钢铁股份有限公司。(上交所:600022),自过去五年股价下跌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.
由于山东钢铁在过去7天里市值缩水5.35亿元人民币,让我们看看长期下跌是否受到了企业经济的推动。
View our latest analysis for Shandong Iron and Steel
查看我们对山东钢铁的最新分析
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。
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.
五年来,山东钢铁的每股收益大幅下降,陷入亏损,股价也随之走低。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 how EPS has changed over time in the image below (click on the chart to see the exact values).
您可以在下图中看到EPS是如何随着时间的推移而变化的(单击图表可查看精确值)。
![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.
通过查看这张山东钢铁收益、收入和现金流的互动图表,更深入地了解山东钢铁的关键指标。
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!
除了衡量股价回报外,投资者还应考虑总股东回报(TSR)。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。可以说,TSR更全面地描绘了一只股票产生的回报。我们注意到,山东钢铁过去5年的TSR为-13%,好于上述股价回报。而且,猜测股息支付在很大程度上解释了这种差异是没有好处的!
A Different Perspective
不同的视角
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.
山东钢铁股东过去一年6.7%的总回报率与-6.4%的市场回报率相距不远。因此,去年实际上比过去五年还要糟糕,过去五年股东每年损失2%。该公司可能需要基本面业绩的大幅改善才能扭转这一趋势。跟踪股价的长期表现总是很有趣的。但要更好地了解山东钢铁,我们还需要考虑许多其他因素。例如,我们发现山东钢铁的2个警示标志在这里投资之前你应该意识到这一点。
For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
对于那些想要找到赢得投资这免费最近有内幕收购的不断增长的公司名单可能就是合适的选择。
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。