Shareholders in Shanghai Construction Group (SHSE:600170) Are in the Red If They Invested Three Years Ago
Shareholders in Shanghai Construction Group (SHSE:600170) Are in the Red If They Invested Three Years Ago
You can invest in an index fund if you want to make sure your returns approximately match the overall market. But in any given year a good portion of stocks will fall short of that. The Shanghai Construction Group Co., Ltd. (SHSE:600170) is such an example; over three years its share price is down 12% versus a marketdecline of 12%.
如果你想確保你的回報與整體市場大致相符,你可以投資指數基金。但在任何一年,都會有很大一部分股票達不到這一要求。這個上海建工集團有限公司。(上海證券交易所股票代碼:600170)就是這樣一個例子;在三年的時間裡,它的股價下跌了12%,而市場跌幅為12%。
Since shareholders are down over the longer term, lets look at the underlying fundamentals over the that time and see if they've been consistent with returns.
由於股東在較長期內下跌,讓我們看看這段時間的基本基本面,看看它們是否與回報一致.
View our latest analysis for Shanghai Construction Group
查看我們對上海建工集團的最新分析
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. One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price.
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。評估圍繞一家公司的情緒變化的一個有缺陷但合理的方法是將每股收益(EPS)與股價進行比較。
During the unfortunate three years of share price decline, Shanghai Construction Group actually saw its earnings per share (EPS) improve by 2.0% per year. Given the share price reaction, one might suspect that EPS is not a good guide to the business performance during the period (perhaps due to a one-off loss or gain). Or else the company was over-hyped in the past, and so its growth has disappointed.
在不幸的股價下跌的三年中,上海建工集團的每股收益(EPS)實際上以每年2.0%的速度增長。考慮到股價的反應,人們可能會懷疑,每股收益不是這段時間內業務表現的良好指南(可能是因為一次性的虧損或收益)。或者,該公司過去被過度炒作,因此其增長令人失望。
Given that EPS is up and the share price is down, it seems clear the market is less excited about the business than it was. Having said that, if the EPS gains continue we'd expect the share price to improve, longer term.
鑑於每股收益上漲,股價下跌,顯然市場對這項業務的熱情沒有以前那麼高了。話雖如此,如果每股收益繼續上漲,我們預計股價將在更長時間內改善。
The company's earnings per share (over time) is depicted in the image below (click to see the exact numbers).
該公司的每股收益(在一段時間內)如下圖所示(點擊查看具體數位)。
We know that Shanghai Construction Group has improved its bottom line lately, but is it going to grow revenue? Check if analysts think Shanghai Construction Group will grow revenue in the future.
我們知道上海建工集團最近提高了利潤,但它會增加收入嗎?如果分析師認為上海建工集團未來會增加收入,請核對一下。
A Different Perspective
不同的視角
It's nice to see that Shanghai Construction Group shareholders have received a total shareholder return of 4.7% over the last year. Of course, that includes the dividend. There's no doubt those recent returns are much better than the TSR loss of 2% per year over five years. This makes us a little wary, but the business might have turned around its fortunes. I find it very interesting to look at share price over the long term as a proxy for business performance. But to truly gain insight, we need to consider other information, too. For instance, we've identified 1 warning sign for Shanghai Construction Group that you should be aware of.
很高興看到上海建工集團的股東在過去一年中獲得了4.7%的總股東回報。當然,這包括股息。毫無疑問,最近的回報率遠遠好於TSR在過去五年中每年2%的損失。這讓我們有點警惕,但這家企業可能已經扭轉了命運。我發現,把股價作為衡量企業業績的長期指標是非常有趣的。但為了真正獲得洞察力,我們還需要考慮其他資訊。例如,我們已經確定上海建工集團的1個警示標誌這一點你應該知道.
But note: Shanghai Construction Group may not be the best stock to buy. So take a peek at this free list of interesting companies with past earnings growth (and further growth forecast).
但請注意:上海建工集團可能不是最值得買入的股票。所以讓我們來看看這個免費過去有盈利增長(以及進一步增長預測)的有趣公司名單。
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。
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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.