TRS Information Technology (SZSE:300229) Investors Are up 26% in the Past Week, but Earnings Have Declined Over the Last Five Years
TRS Information Technology (SZSE:300229) Investors Are up 26% in the Past Week, but Earnings Have Declined Over the Last Five Years
While TRS Information Technology Co., Ltd. (SZSE:300229) shareholders are probably generally happy, the stock hasn't had particularly good run recently, with the share price falling 12% in the last quarter. But that doesn't change the fact that the returns over the last five years have been very strong. In fact, the share price is 117% higher today. Generally speaking the long term returns will give you a better idea of business quality than short periods can. The more important question is whether the stock is too cheap or too expensive today. Unfortunately not all shareholders will have held it for the long term, so spare a thought for those caught in the 35% decline over the last twelve months.
儘管TRS信息技術有限公司(深圳證券交易所股票代碼:300229)的股東們可能普遍感到高興,但該股最近的表現並不特別好,上個季度股價下跌了12%。但這並不能改變過去五年的回報非常強勁的事實。實際上,今天的股價上漲了117%。一般而言,與短期回報相比,長期回報將使您更好地了解業務質量。更重要的問題是今天的股票是太便宜還是太昂貴。不幸的是,並非所有股東都會長揸該股票,因此請多考慮那些在過去十二個月中跌幅爲35%的股東。
Since the stock has added CN¥2.5b to its market cap in the past week alone, let's see if underlying performance has been driving long-term returns.
由於該股僅在過去一週的市值就增加了25億元人民幣,因此讓我們看看基礎表現是否推動了長期回報。
To paraphrase Benjamin Graham: Over the short term the market is a voting machine, but over the long term it's a weighing machine. 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.
用本傑明·格雷厄姆的話來說:從短期來看,市場是一臺投票機器,但從長遠來看,它是一臺稱重機。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。
During five years of share price growth, TRS Information Technology actually saw its EPS drop 22% per year.
在股價增長的五年中,TRS信息技術的每股收益實際上每年下降22%。
Essentially, it doesn't seem likely that investors are focused on EPS. Because earnings per share don't seem to match up with the share price, we'll take a look at other metrics instead.
從本質上講,投資者似乎不太可能將注意力集中在每股收益上。由於每股收益似乎與股價不符,因此我們將改用其他指標。
The modest 0.3% dividend yield is unlikely to be propping up the share price. We are not particularly impressed by the annual compound revenue growth of 2.3% over five years. So it seems one might have to take closer look at earnings and revenue trends to see how they might influence the share price.
0.3%的適度股息收益率不太可能支撐股價。五年內2.3%的年複合收入增長並沒有給我們留下特別深刻的印象。因此,看來人們可能必須仔細研究收益和收入趨勢,以了解它們將如何影響股價。
The graphic below depicts how earnings and revenue have changed over time (unveil the exact values by clicking on the image).
下圖描述了收入和收入隨時間推移而發生的變化(點擊圖片即可顯示確切的數值)。
![earnings-and-revenue-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240225/0-caa551c3242ef4bdd72810a4e1c94a18-0-b937b05001abbc98be84574992c012dc.png/big)
This free interactive report on TRS Information Technology'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TRS信息技術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?
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 TRS Information Technology, it has a TSR of 121% for the last 5 years. That exceeds its share price return that we previously mentioned. This is largely a result of its dividend payments!
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TRS信息技術而言,在過去的5年中,其股東總回報率爲121%。這超過了我們之前提到的其股價回報率。這在很大程度上是其股息支付的結果!
A Different Perspective
不同的視角
We regret to report that TRS Information Technology shareholders are down 35% for the year (even including dividends). Unfortunately, that's worse than the broader market decline of 17%. 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 17%, 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 TRS Information Technology better, we need to consider many other factors. To that end, you should learn about the 4 warning signs we've spotted with TRS Information Technology (including 1 which shouldn't be ignored) .
我們遺憾地報告,TRS信息技術股東今年下跌了35%(甚至包括股息)。不幸的是,這比整個市場17%的跌幅還要嚴重。但是,可能只是股價受到了更廣泛的市場緊張情緒的影響。如果有很好的機會,可能值得關注基本面。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17%。如果基本面數據繼續顯示長期可持續增長,那麼當前的拋售可能是一個值得考慮的機會。長期跟蹤股價表現總是很有意思的。但是,要更好地了解TRS信息技術,我們需要考慮許多其他因素。爲此,你應該了解我們在TRS信息技術中發現的4個警告信號(包括一個不容忽視的警告信號)。
If you are like me, then you will not want to miss this free list of growing companies that insiders are buying.
如果你像我一樣,那麼你不會想錯過這份業內人士正在收購的成長型公司的免費名單。
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。