Investors in Shanghai Aiko Solar EnergyLtd (SHSE:600732) Have Seen Enviable Returns of 449% Over the Past Five Years
Investors in Shanghai Aiko Solar EnergyLtd (SHSE:600732) Have Seen Enviable Returns of 449% Over the Past Five Years
For many, the main point of investing in the stock market is to achieve spectacular returns. While the best companies are hard to find, but they can generate massive returns over long periods. For example, the Shanghai Aiko Solar Energy Co.,Ltd. (SHSE:600732) share price is up a whopping 438% in the last half decade, a handsome return for long term holders. If that doesn't get you thinking about long term investing, we don't know what will. And in the last month, the share price has gained 13%.
对于许多人来说,投资股票市场的要点是获得可观的回报。虽然很难找到最好的公司,但它们可以在很长一段时间内产生丰厚的回报。例如,上海爱光太阳能有限公司, Ltd.(上海证券交易所股票代码:600732)的股价在过去五年中上涨了438%,对于长期持有者来说,这是一个可观的回报。如果这不能让你考虑长期投资,我们不知道会怎样。而在上个月,股价上涨了13%。
So let's assess the underlying fundamentals over the last 5 years and see if they've moved in lock-step with shareholder returns.
因此,让我们评估过去5年的基本面,看看它们是否与股东回报步调一致。
Check out our latest analysis for Shanghai Aiko Solar EnergyLtd
查看我们对上海爱光太阳能有限公司的最新分析
In his essay The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not always rationally reflect the value of a business. 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.
在他的文章中 格雷厄姆和多兹维尔的超级投资者 沃伦·巴菲特描述了股价如何并不总是合理地反映企业的价值。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。
Over half a decade, Shanghai Aiko Solar EnergyLtd managed to grow its earnings per share at 31% a year. This EPS growth is slower than the share price growth of 40% per year, over the same period. So it's fair to assume the market has a higher opinion of the business than it did five years ago. That's not necessarily surprising considering the five-year track record of earnings growth.
在过去的五年中,上海爱光太阳能有限公司设法将其每股收益增长到每年31%。每股收益的增长低于同期每年40%的股价增长。因此,可以公平地假设市场对该业务的看法比五年前更高。考虑到五年的收益增长记录,这并不一定令人惊讶。
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/7781/20240126/0-9692a637c214e4a7772b11b9b23cd9e9-0-8a0a3267071ac795ec0a6633bfb25146.png/big)
It is of course excellent to see how Shanghai Aiko Solar EnergyLtd has grown profits over the years, but the future is more important for shareholders. You can see how its balance sheet has strengthened (or weakened) over time in this free interactive graphic.
看到上海爱光太阳能有限公司多年来如何实现利润增长当然是件好事,但未来对股东来说更为重要。您可以在这张免费的交互式图片中看到其资产负债表如何随着时间的推移而增强(或减弱)。
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. 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. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. As it happens, Shanghai Aiko Solar EnergyLtd's TSR for the last 5 years was 449%, which exceeds the share price return mentioned earlier. The dividends paid by the company have thusly boosted the total shareholder return.
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。股东总回报率是一种回报计算方法,它考虑了现金分红的价值(假设收到的任何股息都经过再投资)以及任何贴现资本筹集和分拆的计算价值。可以公平地说,股东总回报率为支付股息的股票提供了更完整的画面。碰巧的是,上海爱光太阳能有限公司过去5年的股东总回报率为449%,超过了前面提到的股价回报率。因此,该公司支付的股息提高了 总 股东回报。
A Different Perspective
不同的视角
We regret to report that Shanghai Aiko Solar EnergyLtd shareholders are down 33% for the year (even including dividends). Unfortunately, that's worse than the broader market decline of 20%. 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. Longer term investors wouldn't be so upset, since they would have made 41%, each year, over five years. If the fundamental data continues to indicate long term sustainable growth, the current sell-off could be an opportunity worth considering. It's always interesting to track share price performance over the longer term. But to understand Shanghai Aiko Solar EnergyLtd better, we need to consider many other factors. For example, we've discovered 3 warning signs for Shanghai Aiko Solar EnergyLtd (1 is concerning!) that you should be aware of before investing here.
我们遗憾地报告,上海爱光太阳能有限公司的股东今年下跌了33%(甚至包括股息)。不幸的是,这比整个市场20%的跌幅还要严重。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。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41%。如果基本面数据继续显示长期可持续增长,那么当前的抛售可能是一个值得考虑的机会。长期跟踪股价表现总是很有意思的。但是,要更好地了解上海爱光太阳能有限公司,我们需要考虑许多其他因素。例如,我们发现了上海爱光太阳能有限公司的 3 个警告标志(1 个令人担忧!)在这里投资之前,您应该注意这一点。
If you are like me, then you will not want to miss this free list of growing companies that insiders are buying.
如果你像我一样,那么你不会想错过这份业内人士正在收购的成长型公司的免费名单。
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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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.
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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。