The Total Return for Estun Automation (SZSE:002747) Investors Has Risen Faster Than Earnings Growth Over the Last Five Years
The Total Return for Estun Automation (SZSE:002747) Investors Has Risen Faster Than Earnings Growth Over the Last Five Years
While Estun Automation Co., Ltd (SZSE:002747) shareholders are probably generally happy, the stock hasn't had particularly good run recently, with the share price falling 19% in the last quarter. But that doesn't change the fact that the returns over the last five years have been pleasing. It has returned a market beating 90% in that time.
尽管埃斯顿自动化有限公司(SZSE:002747)的股东可能普遍感到高兴,但该股最近表现并不特别好,上个季度股价下跌了19%。但这并不能改变这样一个事实,即过去五年的回报令人满意。在那段时间里,它恢复了超过90%的市场。
While this past week has detracted from the company's five-year return, let's look at the recent trends of the underlying business and see if the gains have been in alignment.
尽管过去一周减损了该公司的五年回报率,但让我们来看看基础业务的最新趋势,看看涨幅是否一致。
View our latest analysis for Estun Automation
查看我们对埃斯顿自动化的最新分析
There is no denying that markets are sometimes efficient, but prices do not always reflect underlying business performance. 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.
不可否认,市场有时是有效的,但价格并不总是能反映潜在的业务表现。通过比较每股收益(EPS)和一段时间内的股价变化,我们可以了解投资者对公司的态度是如何随着时间的推移而变化的。
During five years of share price growth, Estun Automation achieved compound earnings per share (EPS) growth of 12% per year. So the EPS growth rate is rather close to the annualized share price gain of 14% per year. That suggests that the market sentiment around the company hasn't changed much over that time. Indeed, it would appear the share price is reacting to the EPS.
在五年的股价增长中,埃斯顿自动化实现了每年12%的每股复合收益(EPS)增长。因此,每股收益增长率相当接近每年14%的年化股价涨幅。这表明,在那段时间内,公司周围的市场情绪没有太大变化。事实上,看来股价正在对每股收益做出反应。
The image below shows how EPS has tracked over time (if you click on the image you can see greater detail).
下图显示了 EPS 在一段时间内的跟踪情况(如果你点击图片,你可以看到更多细节)。
![earnings-per-share-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20231209/0-10f22adec357cfcc816138c1da95cf2c-0-e78526b70cb1d7733048a239c63b36bb.png/big)
We know that Estun Automation has improved its bottom line lately, but is it going to grow revenue? You could check out this free report showing analyst revenue forecasts.
我们知道Estun Automation最近提高了利润,但它会增加收入吗?你可以查看这份显示分析师收入预测的免费报告。
What About Dividends?
分红呢?
It is important to consider the total shareholder return, as well as the share price return, for any given stock. 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. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. As it happens, Estun Automation's TSR for the last 5 years was 93%, which exceeds the share price return mentioned earlier. And there's no prize for guessing that the dividend payments largely explain the divergence!
重要的是要考虑任何给定股票的股东总回报率以及股价回报。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。可以说,股东总回报率可以更全面地描述股票产生的回报。碰巧的是,埃斯顿自动化在过去5年的股东总回报率为93%,超过了前面提到的股价回报率。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
We regret to report that Estun Automation shareholders are down 20% for the year (even including dividends). Unfortunately, that's worse than the broader market decline of 9.4%. Having said that, it's inevitable that some stocks will be oversold in a falling market. The key is to keep your eyes on the fundamental developments. On the bright side, long term shareholders have made money, with a gain of 14% per year over half a decade. It could be that the recent sell-off is an opportunity, so it may be worth checking the fundamental data for signs of a long term growth trend. 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 2 warning signs for Estun Automation (1 can't be ignored) that you should be aware of.
我们遗憾地报告,埃斯顿自动化股东今年下跌了20%(甚至包括股息)。不幸的是,这比大盘下跌9.4%还要严重。话虽如此,在下跌的市场中,一些股票不可避免地会被超卖。关键是要密切关注基本发展。好的一面是,长期股东已经赚了钱,在过去的五年中,每年增长14%。最近的抛售可能是一个机会,因此可能值得查看基本面数据以寻找长期增长趋势的迹象。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。例如,我们已经确定了 Estun Automation 的 2 个警告信号(1 个不容忽视),你应该注意这些警告。
We will like Estun Automation better if we see some big insider buys. While we wait, check out this free list of growing companies with considerable, recent, insider buying.
如果我们看到一些大规模的内幕买入,我们会更喜欢Estun Automation。在我们等待的同时,请查看这份免费名单,列出了最近有大量内幕买入的成长型公司。
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on Chinese exchanges.
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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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,也没有考虑到您的目标或财务状况。我们的目标是为您提供由基本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型公司公告或定性材料。简而言之,华尔街没有持有任何上述股票的头寸。