Market Is Not Liking Gem-Year IndustrialLtd's (SHSE:601002) Earnings Decline as Stock Retreats 12% This Week
Market Is Not Liking Gem-Year IndustrialLtd's (SHSE:601002) Earnings Decline as Stock Retreats 12% This Week
The main aim of stock picking is to find the market-beating stocks. But even the best stock picker will only win with some selections. So we wouldn't blame long term Gem-Year Industrial Co.,Ltd. (SHSE:601002) shareholders for doubting their decision to hold, with the stock down 27% over a half decade. On top of that, the share price is down 12% in the last week. However, this move may have been influenced by the broader market, which fell 5.6% in that time.
選股的主要目的是找到擊敗市場的股票。但是,即使是最好的選股者也只能通過以下方式獲勝 一些 選擇。因此,從長遠來看,我們不會責怪金億實業公司, Ltd.(上海證券交易所代碼:601002)的股東對他們的持股決定表示懷疑,該股在五年內下跌了27%。最重要的是,上週股價下跌了12%。但是,這一舉動可能受到大盤的影響,當時大盤下跌了5.6%。
Since Gem-Year IndustrialLtd has shed CN¥547m from its value in the past 7 days, let's see if the longer term decline has been driven by the business' economics.
由於Gem-Year IndustrialLTD在過去7天內已從其價值下跌了5.47億元人民幣,因此讓我們看看長期下跌是否是由該企業的經濟推動的。
View our latest analysis for Gem-Year IndustrialLtd
查看我們對金億工業有限公司的最新分析
While Gem-Year IndustrialLtd made a small profit, in the last year, we think that the market is probably more focussed on the top line growth at the moment. Generally speaking, we'd consider a stock like this alongside loss-making companies, simply because the quantum of the profit is so low. It would be hard to believe in a more profitable future without growing revenues.
儘管Gem-Year IndustrialLTD取得了小額利潤,但在去年,我們認爲目前市場可能更加關注收入增長。總的來說,我們會將這樣的股票與虧損公司一起考慮,這僅僅是因爲利潤量太低了。如果不增加收入,很難相信未來會有更有利可圖的未來。
In the last five years Gem-Year IndustrialLtd saw its revenue shrink by 6.2% per year. That's not what investors generally want to see. The stock hasn't done well for shareholders in the last five years, falling 5%, annualized. But it doesn't surprise given the falling revenue. Without profits, its hard to see how shareholders win if the revenue keeps falling.
在過去五年中,金億工業有限公司的收入每年下降6.2%。這不是投資者普遍希望看到的。該股在過去五年中對股東表現不佳,按年計算下跌了5%。但考慮到收入的下降,這並不奇怪。沒有利潤,如果收入持續下降,就很難看出股東如何獲勝。
You can see how earnings and revenue have changed over time in the image below (click on the chart to see the exact values).
您可以在下圖中看到收入和收入隨時間推移而發生的變化(點擊圖表查看確切值)。
![earnings-and-revenue-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240124/0-91b9d0b7fa317910a89e674fbc835f77-0-15201f580a3f8d4e1411e79c8fa0713e.png/big)
This free interactive report on Gem-Year IndustrialLtd's balance sheet strength is a great place to start, if you want to investigate the stock further.
如果你想進一步調查該股,這份關於Gem-Year IndustrialLTD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?
分紅呢?
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. As it happens, Gem-Year IndustrialLtd's TSR for the last 5 years was -24%, which exceeds the share price return mentioned earlier. And there's no prize for guessing that the dividend payments largely explain the divergence!
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 (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。碰巧的是,金億工業股份有限公司過去5年的股東總回報率爲-24%,超過了前面提到的股價回報率。而且,猜測股息支付在很大程度上解釋了這種分歧是沒有好處的!
A Different Perspective
不同的視角
While it's never nice to take a loss, Gem-Year IndustrialLtd shareholders can take comfort that , including dividends,their trailing twelve month loss of 7.4% wasn't as bad as the market loss of around 21%. Given the total loss of 4% per year over five years, it seems returns have deteriorated in the last twelve months. Whilst Baron Rothschild does tell the investor "buy when there's blood in the streets, even if the blood is your own", buyers would need to examine the data carefully to be comfortable that the business itself is sound. It's always interesting to track share price performance over the longer term. But to understand Gem-Year IndustrialLtd better, we need to consider many other factors. Like risks, for instance. Every company has them, and we've spotted 3 warning signs for Gem-Year IndustrialLtd (of which 1 doesn't sit too well with us!) you should know about.
儘管虧損從來都不是一件好事,但Gem-Year IndustrialLTD的股東可以放心,包括股息在內,他們過去十二個月的7.4%虧損沒有市場損失約21%的那麼嚴重。鑑於五年來每年的總損失爲4%,在過去的十二個月中,回報率似乎有所下降。儘管羅斯柴爾德男爵確實告訴投資者 “街上有血時買入,即使血液是你自己的”,但買家需要仔細檢查數據,以確定業務本身是健全的。長期跟蹤股價表現總是很有意思的。但是,爲了更好地了解金億工業有限公司,我們需要考慮許多其他因素。比如風險。每家公司都有它們,我們已經發現了金億工業的3個警告信號(其中1個對我們來說不太合適!)你應該知道。
For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
對於那些喜歡尋找中獎投資的人來說,這份最近有內幕收購的成長型公司的免費名單可能只是門票。
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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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。