Shandong Head GroupLtd's (SZSE:002810) Five-year Total Shareholder Returns Outpace the Underlying Earnings Growth
Shandong Head GroupLtd's (SZSE:002810) Five-year Total Shareholder Returns Outpace the Underlying Earnings Growth
The worst result, after buying shares in a company (assuming no leverage), would be if you lose all the money you put in. But on a lighter note, a good company can see its share price rise well over 100%. One great example is Shandong Head Group Co.,Ltd. (SZSE:002810) which saw its share price drive 201% higher over five years. On top of that, the share price is up 18% in about a quarter.
在购买公司股票(假设没有杠杆作用)之后,最糟糕的结果是你损失了所有投入的资金。但简而言之,一家好的公司的股价可以上涨超过100%。山东海德集团有限公司就是一个很好的例子。, Ltd.(深圳证券交易所:002810)的股价在五年内上涨了201%。最重要的是,股价在大约一个季度内上涨了18%。
In light of the stock dropping 6.5% in the past week, we want to investigate the longer term story, and see if fundamentals have been the driver of the company's positive five-year return.
鉴于该股在过去一周下跌了6.5%,我们想调查长期情况,看看基本面是否是该公司五年期正回报的驱动力。
Check out our latest analysis for Shandong Head GroupLtd
查看我们对山东海德集团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.
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。考虑市场对公司的看法发生了怎样的变化的一种不完美但简单的方法是将每股收益(EPS)的变化与股价走势进行比较。
During five years of share price growth, Shandong Head GroupLtd achieved compound earnings per share (EPS) growth of 31% per year. This EPS growth is higher than the 25% average annual increase in the share price. So one could conclude that the broader market has become more cautious towards the stock.
在五年的股价增长中,山东海德集团有限公司实现了每年31%的复合每股收益(EPS)增长。每股收益的增长高于股价25%的平均年增长率。因此,人们可以得出结论,整个市场对该股变得更加谨慎。
The graphic below depicts how EPS has changed over time (unveil the exact values by clicking on the image).
下图描述了 EPS 随着时间的推移是如何变化的(点击图片可以看到确切的值)。
![earnings-per-share-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240118/0-179342b4f6d52c9beb5dc26d14219a33-0-558815391f01d76c642cea956dc4c4aa.png/big)
This free interactive report on Shandong Head GroupLtd's earnings, revenue and cash flow is a great place to start, if you want to investigate the stock further.
如果你想进一步调查该股,这份关于山东海德集团有限公司收益、收入和现金流的免费互动报告是一个很好的起点。
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. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. We note that for Shandong Head GroupLtd the TSR over the last 5 years was 214%, which is better than the share price return mentioned above. And there's no prize for guessing that the dividend payments largely explain the divergence!
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。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。可以说,股东总回报率更全面地描述了股票产生的回报。我们注意到,山东海德集团有限公司在过去5年的股东总回报率为214%,好于上述股价回报率。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
We regret to report that Shandong Head GroupLtd shareholders are down 21% for the year (even including dividends). Unfortunately, that's worse than the broader market decline of 15%. 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. Longer term investors wouldn't be so upset, since they would have made 26%, each year, over five years. 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 1 warning sign for Shandong Head GroupLtd that you should be aware of.
我们遗憾地报告,山东海德集团有限公司的股东今年下跌了21%(甚至包括股息)。不幸的是,这比整个市场15%的跌幅还要严重。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。长期投资者不会那么沮丧,因为他们本可以在五年内每年赚26%。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,我们已经确定了山东海德集团有限公司的1个警告标志,你应该注意。
Of course Shandong Head GroupLtd may not be the best stock to buy. So you may wish to see this free collection of growth stocks.
当然,山东海德集团有限公司可能不是最好的买入股票。因此,您可能希望看到这批免费的成长股。
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。