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Optimism for Junhe Pumps HoldingLtd (SHSE:603617) Has Grown This Past Week, Despite Five-year Decline in Earnings

Optimism for Junhe Pumps HoldingLtd (SHSE:603617) Has Grown This Past Week, Despite Five-year Decline in Earnings

尽管收益连续五年下降,但上周人们对君和泵业控股有限公司(SHSE: 603617)的乐观情绪有所增加
Simply Wall St ·  2023/11/03 19:23

Stock pickers are generally looking for stocks that will outperform the broader market. And the truth is, you can make significant gains if you buy good quality businesses at the right price. For example, long term Junhe Pumps Holding Co.,Ltd (SHSE:603617) shareholders have enjoyed a 40% share price rise over the last half decade, well in excess of the market return of around 32% (not including dividends).

选股者通常在寻找表现优于大盘的股票。事实是,如果你以合适的价格购买优质的企业,你可以获得可观的收益。例如,长期 君和泵业控股有限公司, Ltd (SHSE: 603617) 在过去的五年中,股东的股价上涨了40%,远远超过了约32%的市场回报率(不包括股息)。

Since it's been a strong week for Junhe Pumps HoldingLtd shareholders, let's have a look at trend of the longer term fundamentals.

由于对于君和泵业控股有限公司的股东来说,这是表现强劲的一周,让我们来看看长期基本面走势。

Check out our latest analysis for Junhe Pumps HoldingLtd

查看我们对君和泵业控股有限公司的最新分析

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 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).

尽管一些人继续教导高效市场假说,但事实证明,市场是反应过度的动态系统,投资者并不总是理性的。研究市场情绪如何随着时间的推移而变化的一种方法是研究公司股价与其每股收益(EPS)之间的相互作用。

Junhe Pumps HoldingLtd's earnings per share are down 18% per year, despite strong share price performance over five years.

尽管五年来股价表现强劲,但君和泵业控股有限公司的每股收益每年下降18%。

Essentially, it doesn't seem likely that investors are focused on EPS. Because earnings per share don't seem to match up with the share price, we'll take a look at other metrics instead.

从本质上讲,投资者似乎不太可能将注意力集中在每股收益上。由于每股收益似乎与股价不符,因此我们将改用其他指标。

The modest 0.3% dividend yield is unlikely to be propping up the share price. In contrast revenue growth of 5.5% per year is probably viewed as evidence that Junhe Pumps HoldingLtd is growing, a real positive. In that case, the company may be sacrificing current earnings per share to drive growth.

0.3%的适度股息收益率不太可能支撑股价。相比之下,每年5.5%的收入增长可能被视为君和泵业控股有限公司正在增长的证据,这确实是一个积极的因素。在这种情况下,公司可能会牺牲当前的每股收益来推动增长。

You can see below how earnings and revenue have changed over time (discover the exact values by clicking on the image).

您可以在下面看到收入和收入如何随着时间的推移而变化(点击图片了解确切的值)。

earnings-and-revenue-growth
SHSE:603617 Earnings and Revenue Growth November 3rd 2023
上海证券交易所:603617 收益和收入增长 2023 年 11 月 3 日

Balance sheet strength is crucial. It might be well worthwhile taking a look at our free report on how its financial position has changed over time.

资产负债表的实力至关重要。可能值得一看我们的 免费的 报告其财务状况如何随着时间的推移而变化。

What About Dividends?

分红呢?

When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. Whereas the share price return only reflects the change in the share price, the TSR includes the value of dividends (assuming they were reinvested) and the benefit of any discounted capital raising or spin-off. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. In the case of Junhe Pumps HoldingLtd, it has a TSR of 49% for the last 5 years. That exceeds its share price return that we previously mentioned. The dividends paid by the company have thusly boosted the total shareholder return.

在考虑投资回报时,重要的是要考虑两者之间的区别 股东总回报 (TSR) 和 股价回报。股价回报仅反映股价的变化,而股东总回报率包括股息的价值(假设股息已被再投资)以及任何折扣融资或分拆的收益。因此,对于支付丰厚股息的公司来说,股东总回报率通常远高于股价回报。就君和泵业控股有限公司而言,其过去5年的股东总回报率为49%。这超过了我们之前提到的股价回报率。因此,该公司支付的股息促进了 股东回报。

A Different Perspective

不同的视角

The total return of 4.1% received by Junhe Pumps HoldingLtd shareholders over the last year isn't far from the market return of -4.6%. The silver lining is that longer term investors would have made a total return of 8% per year over half a decade. If the stock price has been impacted by changing sentiment, rather than deteriorating business conditions, it could spell opportunity. 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. Like risks, for instance. Every company has them, and we've spotted 4 warning signs for Junhe Pumps HoldingLtd (of which 1 is a bit concerning!) you should know about.

去年君和泵业控股有限公司股东获得的4.1%的总回报率与-4.6%的市场回报率相差不远。一线希望是,长期投资者将在五年内每年获得8%的总回报。如果股价受到情绪变化的影响,而不是商业状况恶化的影响,则可能带来机遇。我发现从长远来看,将股价视为业务表现的代表非常有趣。但是,要真正获得见解,我们还需要考虑其他信息。比如说,比如风险。每家公司都有它们,我们已经发现了 Junhe Pumps HoldingLtd 的 4 个警告标志 (其中 1 有点令人担忧!)你应该知道。

For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.

对于那些喜欢寻找的人 获胜的投资 这个 免费的 最近进行内幕收购的成长型公司名单可能只是门票。

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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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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Simply Wall St的这篇文章本质上是笼统的。 我们仅使用公正的方法根据历史数据和分析师的预测提供评论,我们的文章无意作为财务建议。 它不构成买入或卖出任何股票的建议,也没有考虑您的目标或财务状况。我们的目标是为您提供由基本面数据驱动的长期重点分析。请注意,我们的分析可能不考虑最新的价格敏感公司公告或定性材料。简而言之,华尔街在上述任何股票中都没有头寸。

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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