Investors in Infore Environment Technology Group (SZSE:000967) Have Unfortunately Lost 42% Over the Last Three Years
Investors in Infore Environment Technology Group (SZSE:000967) Have Unfortunately Lost 42% Over the Last Three Years
In order to justify the effort of selecting individual stocks, it's worth striving to beat the returns from a market index fund. But its virtually certain that sometimes you will buy stocks that fall short of the market average returns. Unfortunately, that's been the case for longer term Infore Environment Technology Group Co., Ltd. (SZSE:000967) shareholders, since the share price is down 46% in the last three years, falling well short of the market decline of around 25%.
为了证明选择个股的努力是合理的,值得努力超过市场指数基金的回报。但几乎可以肯定的是,有时候你会买入低于市场平均回报率的股票。不幸的是,盈峰环境科技集团有限公司(深圳证券交易所代码:000967)的长期股东就是这种情况,因为股价在过去三年中下跌了46%,远低于25%左右的市场跌幅。
Since shareholders are down over the longer term, lets look at the underlying fundamentals over the that time and see if they've been consistent with returns.
由于从长远来看,股东会下跌,让我们来看看那段时间的潜在基本面,看看它们与回报是否一致。
To quote Buffett, 'Ships will sail around the world but the Flat Earth Society will flourish. There will continue to be wide discrepancies between price and value in the marketplace...' 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.
引用巴菲特的话说:“船只将在世界各地航行,但Flat Earth Society将蓬勃发展。市场上的价格和价值之间将继续存在巨大差异...”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。
Infore Environment Technology Group saw its EPS decline at a compound rate of 27% per year, over the last three years. In comparison the 18% compound annual share price decline isn't as bad as the EPS drop-off. So, despite the prior disappointment, shareholders must have some confidence the situation will improve, longer term.
在过去三年中,盈峰环境科技集团的每股收益复合下降了27%。相比之下,18%的复合年股价下跌幅度没有每股收益的下降那么严重。因此,尽管此前曾令人失望,但股东必须有一定的信心,从长远来看,情况会有所改善。
The company's earnings per share (over time) is depicted in the image below (click to see the exact numbers).
该公司的每股收益(随着时间的推移)如下图所示(点击查看确切数字)。
![earnings-per-share-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240221/0-3b2a7efa75c35e2e9153e5e42030d3a1-0-da3ce5fb441dc041892fe6ae7d67f51e.png/big)
Dive deeper into Infore Environment Technology Group's key metrics by checking this interactive graph of Infore Environment Technology Group's earnings, revenue and cash flow.
查看这张盈峰环境科技集团收益、收入和现金流的交互式图表,深入了解盈峰环境科技集团的关键指标。
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. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. As it happens, Infore Environment Technology Group's TSR for the last 3 years was -42%, which exceeds the share price return mentioned earlier. And there's no prize for guessing that the dividend payments largely explain the divergence!
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。可以说,股东总回报率更全面地描述了股票产生的回报。碰巧的是,盈峰环境科技集团过去3年的股东总回报率为-42%,超过了前面提到的股价回报率。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
While it's never nice to take a loss, Infore Environment Technology Group shareholders can take comfort that , including dividends,their trailing twelve month loss of 15% 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. 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. Consider for instance, the ever-present spectre of investment risk. We've identified 2 warning signs with Infore Environment Technology Group , and understanding them should be part of your investment process.
尽管亏损从来都不是一件好事,但盈峰环境科技集团的股东可以放心,包括股息在内,他们过去十二个月的15%亏损没有市场损失约21%的那么严重。鉴于五年来每年的总损失为4%,在过去的十二个月中,回报率似乎有所下降。尽管罗斯柴尔德男爵确实告诉投资者 “街上有血时买入,即使血液是你自己的”,但买家需要仔细检查数据,以确定业务本身是健全的。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,投资风险的幽灵无处不在。我们已经向盈峰环境科技集团确定了两个警告信号,了解它们应该是您投资过程的一部分。
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of companies we expect will grow earnings.
当然,通过寻找其他地方,你可能会找到一笔不错的投资。因此,请看一下我们预计收益将增加的这份免费公司名单。
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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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。