TKD Science and TechnologyLtd's (SHSE:603738) Five-year Total Shareholder Returns Outpace the Underlying Earnings Growth
TKD Science and TechnologyLtd's (SHSE:603738) Five-year Total Shareholder Returns Outpace the Underlying Earnings Growth
It hasn't been the best quarter for TKD Science and Technology Co.,Ltd. (SHSE:603738) shareholders, since the share price has fallen 30% in that time. On the bright side the returns have been quite good over the last half decade. After all, the share price is up a market-beating 87% in that time.
對於TKD科技公司來說,這並不是最好的季度。, Ltd.(上海證券交易所股票代碼:603738)的股東,因爲當時股價已經下跌了30%。好的一面是,在過去的五年中,回報率一直相當不錯。畢竟,那段時間股價上漲了87%,超過了市場。
Although TKD Science and TechnologyLtd has shed CN¥428m from its market cap this week, let's take a look at its longer term fundamental trends and see if they've driven returns.
儘管TKD Science and TechnologyLtd本週的市值下跌了4.28億元人民幣,但讓我們來看看其長期基本面趨勢,看看它們是否推動了回報。
Check out our latest analysis for TKD Science and TechnologyLtd
查看我們對 TKD 科學與技術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 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.
在他的文章中 格雷厄姆和多茲維爾的超級投資者 禾倫·巴菲特描述了股價如何並不總是合理地反映企業的價值。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, TKD Science and TechnologyLtd managed to grow its earnings per share at 1.9% a year. This EPS growth is lower than the 13% average annual increase in the share price. This suggests that market participants hold the company in higher regard, these days. And that's hardly shocking given the track record of growth. This favorable sentiment is reflected in its (fairly optimistic) P/E ratio of 54.33.
在過去的五年中,TKD科學與技術有限公司設法將其每股收益增長到每年1.9%。每股收益的增長低於股價年均增長13%。這表明,如今,市場參與者對公司的重視程度更高。考慮到增長的記錄,這並不令人震驚。這種積極情緒反映在其(相當樂觀的)市盈率爲54.33上。
The graphic below depicts how EPS has changed over time (unveil the exact values by clicking on the image).
下圖描述了 EPS 隨着時間的推移是如何變化的(點擊圖片可以看到確切的值)。
![earnings-per-share-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240201/0-8a0d0ed8495cb8e0bbd7812854655093-0-c51a209c9fe28e5e779c25adf95450c6.png/big)
We're pleased to report that the CEO is remunerated more modestly than most CEOs at similarly capitalized companies. It's always worth keeping an eye on CEO pay, but a more important question is whether the company will grow earnings throughout the years. This free interactive report on TKD Science and TechnologyLtd's earnings, revenue and cash flow is a great place to start, if you want to investigate the stock further.
我們很高興地向大家報告,首席執行官的薪酬比資本相似公司的大多數首席執行官要適中。始終值得關注首席執行官的薪酬,但更重要的問題是公司多年來是否會增加收益。如果你想進一步調查該股,這份關於TKD Science and TechnologyLtd的收益、收入和現金流的免費互動報告是一個很好的起點。
What About Dividends?
分紅呢?
As well as measuring the share price return, investors should also consider the total shareholder return (TSR). The TSR incorporates the value of any spin-offs or discounted capital raisings, along with any dividends, based on the assumption that the dividends are reinvested. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. In the case of TKD Science and TechnologyLtd, it has a TSR of 95% for the last 5 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!
除了衡量股價回報率外,投資者還應考慮股東總回報率(TSR)。股東總回報率包含任何分拆或貼現資本籌集的價值,以及任何股息,前提是股息是再投資的。可以說,股東總回報率更全面地描述了股票產生的回報。就TKD科技有限公司而言,在過去的5年中,其股東回報率爲95%。這超過了我們之前提到的其股價回報率。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
We regret to report that TKD Science and TechnologyLtd shareholders are down 32% for the year (even including dividends). Unfortunately, that's worse than the broader market decline of 24%. 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 14%, 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 example, we've discovered 3 warning signs for TKD Science and TechnologyLtd that you should be aware of before investing here.
我們遺憾地報告,TKD科學與技術有限公司的股東今年下跌了32%(甚至包括股息)。不幸的是,這比整個市場24%的跌幅還要嚴重。話雖如此,在下跌的市場中,一些股票不可避免地會被超賣。關鍵是要密切關注基本發展。長期投資者不會那麼沮喪,因爲他們本可以在五年內每年賺取14%的收入。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。我發現將長期股價視爲業務績效的代表非常有趣。但是,要真正獲得見解,我們還需要考慮其他信息。例如,我們發現了TKD Science and TechnologyLtd的3個警告信號,在在這裏投資之前,你應該注意這些信號。
We will like TKD Science and TechnologyLtd better if we see some big insider buys. While we wait, check out this free list of growing companies with considerable, recent, insider buying.
如果我們看到一些大規模的內幕收購,我們會更喜歡TKD Science and TechnologyLtd。在我們等待的同時,請查看這份免費清單,列出了最近有大量內幕收購的成長型公司。
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。