Despite Lower Earnings Than Five Years Ago, Changshu Tianyin ElectromechanicalLtd (SZSE:300342) Investors Are up 106% Since Then
Despite Lower Earnings Than Five Years Ago, Changshu Tianyin ElectromechanicalLtd (SZSE:300342) Investors Are up 106% Since Then
The Changshu Tianyin Electromechanical Co.,Ltd (SZSE:300342) share price has had a bad week, falling 22%. Looking further back, the stock has generated good profits over five years. It has returned a market beating 96% in that time.
常熟天音機電有限公司,Ltd(深圳證券交易所代碼:300342)的股價表現不佳,下跌了22%。再往前看,該股在五年內創造了豐厚的利潤。在那段時間裏,它的市場回升了96%。
Since the long term performance has been good but there's been a recent pullback of 22%, let's check if the fundamentals match the share price.
由於長期表現不錯,但最近出現了22%的回調,讓我們來看看基本面是否與股價相符。
View our latest analysis for Changshu Tianyin ElectromechanicalLtd
查看我們對常熟天音機電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 imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement.
儘管一些人繼續教導高效市場假說,但事實證明,市場是反應過度的動態系統,投資者並不總是理性的。考慮市場對公司的看法發生了怎樣的變化的一種不完美但簡單的方法是將每股收益(EPS)的變化與股價走勢進行比較。
Changshu Tianyin ElectromechanicalLtd's earnings per share are down 41% per year, despite strong share price performance over five years.
儘管五年來股價表現強勁,但常熟天音機電有限公司的每股收益每年下降41%。
Essentially, it doesn't seem likely that investors are focused on EPS. Since the change in EPS doesn't seem to correlate with the change in share price, it's worth taking a look at other metrics.
從本質上講,投資者似乎不太可能將注意力集中在每股收益上。由於每股收益的變化似乎與股價的變化無關,因此值得一看其他指標。
In contrast revenue growth of 3.5% per year is probably viewed as evidence that Changshu Tianyin ElectromechanicalLtd is growing, a real positive. It's quite possible that management are prioritizing revenue growth over EPS growth at the moment.
相比之下,每年3.5%的收入增長可能被視爲常熟天音機電有限公司正在增長的證據,這確實是一個積極的因素。目前,管理層很有可能將收入增長置於每股收益增長之上。
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隨着時間的推移而變化(點擊圖片了解確切的值)。
![earnings-and-revenue-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20231107/0-02780bccbfd1a8332b9129ba0fdce7c7-0-d18b6dcd205662521467fbabfd55bd0b.png/big)
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.
資產負債表的強度至關重要。可能值得一看我們關於其財務狀況如何隨着時間的推移而變化的免費報告。
What About The Total Shareholder Return (TSR)?
那麼股東總回報(TSR)呢?
We've already covered Changshu Tianyin ElectromechanicalLtd's share price action, but we should also mention its total shareholder return (TSR). The TSR attempts to capture the value of dividends (as if they were reinvested) as well as any spin-offs or discounted capital raisings offered to shareholders. Changshu Tianyin ElectromechanicalLtd's TSR of 106% for the 5 years exceeded its share price return, because it has paid dividends.
我們已經報道了常熟天音機電有限公司的股價走勢,但我們也應該提及其股東總回報率(TSR)。TSR試圖獲取股息(好像是再投資一樣)以及向股東提供的任何分拆或貼現融資的價值。常熟天音機電有限公司5年的股東總回報率爲106%,超過了其股價回報率,因爲它已經派發了股息。
A Different Perspective
不同的視角
It's nice to see that Changshu Tianyin ElectromechanicalLtd shareholders have received a total shareholder return of 96% over the last year. That's better than the annualised return of 16% over half a decade, implying that the company is doing better recently. Someone with an optimistic perspective could view the recent improvement in TSR as indicating that the business itself is getting better with time. 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. Consider for instance, the ever-present spectre of investment risk. We've identified 4 warning signs with Changshu Tianyin ElectromechanicalLtd (at least 2 which are potentially serious) , and understanding them should be part of your investment process.
很高興看到常熟天音electromechanicallTD的股東在去年獲得了96%的股東總回報率。這比五年來16%的年化回報率要好,這意味着該公司最近的表現更好。持樂觀觀點的人可能會將最近股東總回報率的改善視爲業務本身隨着時間的推移而變得越來越好。我發現從長遠來看,將股價視爲業務表現的代表非常有趣。但是,要真正獲得見解,我們還需要考慮其他信息。例如,以永遠存在的投資風險幽靈爲例。我們已經發現常熟天音electromechanicallTD的4個警告信號(至少有2個可能很嚴重),了解這些信號應該成爲您投資過程的一部分。
We will like Changshu Tianyin ElectromechanicalLtd better if we see some big insider buys. While we wait, check out this free list of growing companies with considerable, recent, insider buying.
如果我們看到一些大規模的內幕買入,我們會更喜歡常熟天音electromechanicallTD。在我們等待的同時,請查看這份免費名單,列出了最近有大量內幕買入的成長型公司。
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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Simply Wall St的這篇文章本質上是籠統的。我們僅使用公正的方法根據歷史數據和分析師的預測提供評論,我們的文章無意作爲財務建議。它不構成買入或賣出任何股票的建議,也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本數據驅動的長期重點分析。請注意,我們的分析可能不考慮最新的價格敏感型公司公告或定性材料。簡而言之,華爾街沒有持有任何上述股票的頭寸。