Luzhou LaojiaoLtd's (SZSE:000568) 42% CAGR Outpaced the Company's Earnings Growth Over the Same Five-year Period
Luzhou LaojiaoLtd's (SZSE:000568) 42% CAGR Outpaced the Company's Earnings Growth Over the Same Five-year Period
It hasn't been the best quarter for Luzhou Laojiao Co.,Ltd (SZSE:000568) shareholders, since the share price has fallen 16% in that time. But that does not change the realty that the stock's performance has been terrific, over five years. In fact, during that period, the share price climbed 438%. Impressive! Arguably, the recent fall is to be expected after such a strong rise. The most important thing for savvy investors to consider is whether the underlying business can justify the share price gain.
這不是今年以來最好的一個季度瀘州老窖有限公司(SZSE:000568)股東,因為在此期間股價下跌了16%.但這並沒有改變這樣一個事實,即該股在過去五年裡表現出色。事實上,在此期間,該公司股價攀升了438%。令人印象深刻!可以說,在如此強勁的上漲之後,最近的下跌是意料之中的。對於精明的投資者來說,最重要的是考慮標的業務是否能證明股價上漲是合理的。
On the back of a solid 7-day performance, let's check what role the company's fundamentals have played in driving long term shareholder returns.
在連續7天表現穩健的基礎上,讓我們來看看該公司的基本面在推動長期股東回報方面發揮了什麼作用。
See our latest analysis for Luzhou LaojiaoLtd
查看我們對瀘州老窖有限公司的最新分析
While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance. One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS).
雖然市場是一種強大的定價機制,但股價反映的是投資者情緒,而不僅僅是潛在的企業表現。考察市場情緒如何隨時間變化的一種方法是觀察一家公司的股價和每股收益(EPS)之間的相互作用。
Over half a decade, Luzhou LaojiaoLtd managed to grow its earnings per share at 31% a year. This EPS growth is lower than the 40% average annual increase in the share price. So it's fair to assume the market has a higher opinion of the business than it did five years ago. That's not necessarily surprising considering the five-year track record of earnings growth.
在過去的五年裡,瀘州老窖股份有限公司的每股收益以每年31%的速度增長。這一EPS增幅低於該公司股價年均40%的增幅。因此,可以公平地認為,市場對這項業務的看法比五年前更高。考慮到五年來盈利增長的記錄,這並不一定令人驚訝。
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/7781/20231027/0-cce6ed8134c64494b11ccd0b2f2e5567-0-815e9da7568743f9cacfc7ae94301952.png/big)
We know that Luzhou LaojiaoLtd has improved its bottom line over the last three years, but what does the future have in store? This free interactive report on Luzhou LaojiaoLtd's balance sheet strength is a great place to start, if you want to investigate the stock further.
我們知道瀘州老窖有限公司在過去三年裡提高了底線,但未來會是什麼樣子呢?這免費如果你想進一步調查瀘州老窖股份有限公司的股票,那麼關於該公司資產負債表實力的互動報告是一個很好的起點。
What About Dividends?
那股息呢?
When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. The TSR is a return calculation that accounts for the value of cash dividends (assuming that any dividend received was reinvested) and the calculated value of any discounted capital raisings and spin-offs. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. We note that for Luzhou LaojiaoLtd the TSR over the last 5 years was 481%, 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!
在考察投資回報時,重要的是要考慮到股東總回報(TSR)和股價回報。TSR是一種回報計算,計入了現金股息的價值(假設收到的任何股息都進行了再投資),以及任何貼現融資和剝離的計算價值。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,瀘州老窖股份有限公司過去5年的TSR為481%,好於上述股價回報率。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
We're pleased to report that Luzhou LaojiaoLtd shareholders have received a total shareholder return of 32% over one year. That's including the dividend. However, that falls short of the 42% TSR per annum it has made for shareholders, each year, over five years. 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 Luzhou LaojiaoLtd that you should be aware of.
我們很高興地報告,瀘州老窖有限公司的股東在一年的時間裡獲得了32%的總股東回報。這還包括股息。然而,這低於該公司過去五年每年為股東創造的42%的TSR。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,我們已經確定瀘州老窖有限公司1個警示標誌這一點你應該知道.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of companies we expect will grow earnings.
當然了,如果你把目光投向別處,你可能會發現這是一筆很棒的投資。所以讓我們來看看這個免費我們預計收益將會增長的公司名單。
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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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.