Shareholders in Luenmei QuantumLtd (SHSE:600167) Are in the Red If They Invested Three Years Ago
Shareholders in Luenmei QuantumLtd (SHSE:600167) Are in the Red If They Invested Three Years Ago
For many investors, the main point of stock picking is to generate higher returns than the overall market. But in any portfolio, there are likely to be some stocks that fall short of that benchmark. We regret to report that long term Luenmei Quantum Co.,Ltd (SHSE:600167) shareholders have had that experience, with the share price dropping 47% in three years, versus a market decline of about 19%.
对于许多投资者来说,选股的要点是产生比整个市场更高的回报。但是在任何投资组合中,都可能有一些股票未达到该基准。我们很遗憾地报告,从长远来看,Luenmei Quantum Co., Ltd(上海证券交易所代码:600167)的股东也有过这样的经历,股价在三年内下跌了47%,而市场下跌了约19%。
Now let's have a look at the company's fundamentals, and see if the long term shareholder return has matched the performance of the underlying business.
现在让我们来看看公司的基本面,看看长期股东回报是否与基础业务的表现相匹配。
View our latest analysis for Luenmei QuantumLtd
查看我们对 Luenmei QuantumLtd 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。
During the three years that the share price fell, Luenmei QuantumLtd's earnings per share (EPS) dropped by 19% each year. The 19% average annual share price decline is remarkably close to the EPS decline. That suggests that the market sentiment around the company hasn't changed much over that time, despite the disappointment. It seems like the share price is reflecting the declining earnings per share.
在股价下跌的三年中,Luenmei QuantumLtd的每股收益(EPS)每年下降19%。平均年股价下跌19%,与每股收益的下降非常接近。这表明,尽管令人失望,但在这段时间内,公司周围的市场情绪并没有太大变化。股价似乎反映了每股收益的下降。
You can see how EPS has changed over time in the image below (click on the chart to see the exact values).
您可以在下图中看到 EPS 随时间推移的变化(点击图表查看确切值)。
![earnings-per-share-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240103/0-39e1a9eba96f11cc3faf80aabd504091-0-3a7b5d8576b561f85edb8a830d847528.png/big)
Dive deeper into Luenmei QuantumLtd's key metrics by checking this interactive graph of Luenmei QuantumLtd's earnings, revenue and cash flow.
查看这张Luenmei QuantumLtd收益、收入和现金流的交互式图表,深入了解Luenmei QuantumLtd的关键指标。
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. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. In the case of Luenmei QuantumLtd, it has a TSR of -42% for the last 3 years. That exceeds its share price return that we previously mentioned. 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和股价回报率。尽管股价回报率仅反映股价的变化,但股东总回报率包括股息的价值(假设已进行再投资)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率。就Luenmei QuantumLtd而言,其股东回报率在过去三年中为-42%。这超过了我们之前提到的其股价回报率。而且,猜测股息支付在很大程度上解释了这种分歧是没有好处的!
A Different Perspective
不同的视角
While the broader market lost about 6.5% in the twelve months, Luenmei QuantumLtd shareholders did even worse, losing 8.2% (even including dividends). However, it could simply be that the share price has been impacted by broader market jitters. It might be worth keeping an eye on the fundamentals, in case there's a good opportunity. Regrettably, last year's performance caps off a bad run, with the shareholders facing a total loss of 1.4% per year over five years. We realise that Baron Rothschild has said investors should "buy when there is blood on the streets", but we caution that investors should first be sure they are buying a high quality business. 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 risks, for instance. Every company has them, and we've spotted 1 warning sign for Luenmei QuantumLtd you should know about.
尽管整个市场在十二个月中下跌了约6.5%,但Luenmei QuantumLtd股东的表现甚至更糟,损失了8.2%(甚至包括股息)。但是,可能只是股价受到了更广泛的市场紧张情绪的影响。如果有很好的机会,可能值得关注基本面。遗憾的是,去年的业绩结束了糟糕的表现,股东在五年内每年面临1.4%的总亏损。我们意识到罗斯柴尔德男爵曾说过,投资者应该 “在街头流血时买入”,但我们警告说,投资者应首先确保他们购买的是高质量的企业。我发现将长期股价视为业务绩效的代表非常有趣。但是,要真正获得见解,我们还需要考虑其他信息。例如,考虑风险。每家公司都有它们,我们发现了一个你应该知道的Luenmei QuantumLtd警告信号。
For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
对于那些喜欢寻找中奖投资的人来说,这份最近有内幕收购的成长型公司的免费名单可能只是门票。
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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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。