Hubei Zhenhua ChemicalLtd's (SHSE:603067) 14% CAGR Outpaced the Company's Earnings Growth Over the Same Five-year Period
Hubei Zhenhua ChemicalLtd's (SHSE:603067) 14% CAGR Outpaced the Company's Earnings Growth Over the Same Five-year Period
Stock pickers are generally looking for stocks that will outperform the broader market. And while active stock picking involves risks (and requires diversification) it can also provide excess returns. To wit, the Hubei Zhenhua ChemicalLtd share price has climbed 79% in five years, easily topping the market return of 33% (ignoring dividends).
選股者通常在尋找表現優於大盤的股票。而且,儘管主動選股涉及風險(並且需要分散投資),但它也可以提供超額回報。換句話說,湖北振華化工有限公司的股價在五年內上漲了79%,輕鬆超過了33%的市場回報率(不計股息)。
After a strong gain in the past week, it's worth seeing if longer term returns have been driven by improving fundamentals.
在過去一週強勁上漲之後,值得一看的是長期回報是否是由基本面改善推動的。
View our latest analysis for Hubei Zhenhua ChemicalLtd
查看我們對湖北振華化工有限公司的最新分析
There is no denying that markets are sometimes efficient, but prices do not always reflect underlying business performance. One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price.
不可否認的是,市場有時是有效的,但價格並不總是能反映基本的業務表現。評估公司情緒變化的一種有缺陷但合理的方法是將每股收益(EPS)與股價進行比較。
Over half a decade, Hubei Zhenhua ChemicalLtd managed to grow its earnings per share at 15% a year. The EPS growth is more impressive than the yearly share price gain of 12% over the same period. Therefore, it seems the market has become relatively pessimistic about the company.
在過去的五年中,湖北振華化工有限公司設法將每股收益增長到每年15%。每股收益的增長比同期12%的年度股價增長更令人印象深刻。因此,市場似乎對該公司變得相對悲觀。
The graphic below depicts how EPS has changed over time (unveil the exact values by clicking on the image).
下圖描繪了 EPS 隨着時間的推移而發生的變化(點擊圖片顯示確切的數值)。
![earnings-per-share-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240103/0-b4aded6344d1eef718da4fd4694b0be1-0-25926176b8d45e915bf9480bee61929b.png/big)
It is of course excellent to see how Hubei Zhenhua ChemicalLtd has grown profits over the years, but the future is more important for shareholders. This free interactive report on Hubei Zhenhua ChemicalLtd's balance sheet strength is a great place to start, if you want to investigate the stock further.
看到湖北振華化工有限公司多年來如何實現利潤增長當然是件好事,但未來對股東來說更爲重要。如果你想進一步調查該股,這份關於湖北振華化工股份有限公司資產負債表實力的免費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. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. We note that for Hubei Zhenhua ChemicalLtd the TSR over the last 5 years was 92%, which is better than the share price return mentioned above. This is largely a result of its dividend payments!
在考慮投資回報時,重要的是要考慮兩者之間的區別 股東總回報率 (TSR) 和 股價回報。股東總回報率是一種回報計算方法,它考慮了現金分紅的價值(假設收到的任何股息都經過再投資)以及任何貼現資本籌集和分拆的計算價值。因此,對於支付豐厚股息的公司來說,股東總回報率通常遠高於股價回報率。我們注意到,湖北振華化工有限公司過去5年的股東總回報率爲92%,好於上述股價回報率。這在很大程度上是其股息支付的結果!
A Different Perspective
不同的視角
We regret to report that Hubei Zhenhua ChemicalLtd shareholders are down 21% for the year (even including dividends). Unfortunately, that's worse than the broader market decline of 6.5%. 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. 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. While it is well worth considering the different impacts that market conditions can have on the share price, there are other factors that are even more important. Consider risks, for instance. Every company has them, and we've spotted 1 warning sign for Hubei Zhenhua ChemicalLtd you should know about.
我們遺憾地報告,湖北振華化工有限公司的股東今年下跌了21%(甚至包括股息)。不幸的是,這比整個市場6.5%的跌幅還要嚴重。但是,可能只是股價受到了更廣泛的市場緊張情緒的影響。如果有很好的機會,可能值得關注基本面。好的一面是,長期股東賺了錢,在過去的五年中,每年增長14%。最近的拋售可能是一個機會,因此可能值得查看基本面數據以尋找長期增長趨勢的跡象。儘管市場狀況可能對股價產生的不同影響值得考慮,但還有其他因素更爲重要。例如,考慮風險。每家公司都有它們,我們發現了一個你應該知道的湖北振華化工有限公司的警告標誌。
But note: Hubei Zhenhua ChemicalLtd may not be the best stock to buy. So take a peek at this free list of interesting companies with past earnings growth (and further growth forecast).
但請注意:湖北振華化工有限公司可能不是最好的買入股票。因此,來看看這份過去盈利增長(以及進一步增長預測)的有趣公司的免費清單。
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率。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.
對這篇文章有反饋嗎?對內容感到擔憂?直接聯繫我們。 或者,給編輯團隊 (at) simplywallst.com 發送電子郵件。
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提供基於歷史數據和分析師預測的評論,我們的文章並非旨在提供財務建議。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,我們的分析可能不會考慮最新的價格敏感型公司公告或定性材料。華爾街只是沒有持有上述任何股票的頭寸。