BlueFocus Intelligent Communications Group's (SZSE:300058) Investors Will Be Pleased With Their Favorable 45% Return Over the Last Five Years
BlueFocus Intelligent Communications Group's (SZSE:300058) Investors Will Be Pleased With Their Favorable 45% Return Over the Last Five Years
Generally speaking the aim of active stock picking is to find companies that provide returns that are superior to the market average. And in our experience, buying the right stocks can give your wealth a significant boost. For example, the BlueFocus Intelligent Communications Group Co., Ltd. (SZSE:300058) share price is up 42% in the last 5 years, clearly besting the market return of around 2.1% (ignoring dividends). On the other hand, the more recent gains haven't been so impressive, with shareholders gaining just 25%.
一般而言，积极选股的目的是寻找回报优于市场平均水平的公司。根据我们的经验，购买合适的股票可以显著增加您的财富。例如，BlueFocus智能通信集团有限公司（深圳证券交易所代码：300058）的股价在过去5年中上涨了42％，明显超过了约2.1％（不计股息）的市场回报率。另一方面，最近的涨幅并不那么令人印象深刻，股东仅上涨了25％。
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。
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 way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS).
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。研究市场情绪如何随着时间的推移而变化的一种方法是研究公司股价与其每股收益（EPS）之间的相互作用。
BlueFocus Intelligent Communications Group's earnings per share are down 59% per year, despite strong share price performance over five years. The impact of extraordinary items on earnings, in the last year, partially explain the diversion.
尽管五年来股价表现强劲，但BlueFocus智能通信集团的每股收益每年下降59％。去年，特殊项目对收益的影响在一定程度上解释了这种转移。
This means it's unlikely the market is judging the company based on earnings growth. Since the change in EPS doesn't seem to correlate with the change in share price, it's worth taking a look at other metrics.
这意味着市场不太可能根据收益增长来评判该公司。由于每股收益的变化似乎与股价的变化无关，因此值得一看其他指标。
On the other hand, BlueFocus Intelligent Communications Group's revenue is growing nicely, at a compound rate of 12% over the last five years. It's quite possible that management are prioritizing revenue growth over EPS growth at the moment.
另一方面，BlueFocus智能通信集团的收入增长良好，在过去五年中复合增长了12％。目前，管理层很有可能将收入增长置于每股收益增长之上。
You can see how earnings and revenue have changed over time in the image below (click on the chart to see the exact values).
您可以在下图中看到收入和收入随时间推移而发生的变化（点击图表查看确切值）。
Take a more thorough look at BlueFocus Intelligent Communications Group's financial health with this free report on its balance sheet.
通过这份免费的资产负债表报告，更全面地了解BlueFocus智能通信集团的财务状况。
What About The Total Shareholder Return (TSR)?
那么股东总回报（TSR）呢？
Investors should note that there's a difference between BlueFocus Intelligent Communications Group's total shareholder return (TSR) and its share price change, which we've covered above. 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. BlueFocus Intelligent Communications Group's TSR of 45% for the 5 years exceeded its share price return, because it has paid dividends.
投资者应注意，BlueFocus智能通信集团的股东总回报率（TSR）与其股价变动之间存在差异，我们在上面已经对此进行了介绍。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。BlueFocus智能通信集团5年来45％的股东回报率超过了其股价回报率，因为它已经派发了股息。
A Different Perspective
不同的视角
We're pleased to report that BlueFocus Intelligent Communications Group shareholders have received a total shareholder return of 25% over one year. That gain is better than the annual TSR over five years, which is 8%. Therefore it seems like sentiment around the company has been positive lately. Someone with an optimistic perspective could view the recent improvement in TSR as indicating that the business itself is getting better with time. While it is well worth considering the different impacts that market conditions can have on the share price, there are other factors that are even more important. Case in point: We've spotted 1 warning sign for BlueFocus Intelligent Communications Group you should be aware of.
我们很高兴地向大家报告，BlueFocus智能通信集团的股东在一年内获得了25％的总股东回报率。这一增幅好于五年内的年度股东总回报率，即8％。因此，最近公司周围的情绪似乎一直很乐观。持乐观态度的人可能会将最近股东总回报率的改善视为业务本身随着时间的推移而变得更好。尽管市场状况可能对股价产生的不同影响值得考虑，但还有其他因素更为重要。一个很好的例子：我们发现了你应该注意的BlueFocus智能通信集团的1个警告标志。
But note: BlueFocus Intelligent Communications Group may not be the best stock to buy. So take a peek at this free list of interesting companies with past earnings growth (and further growth forecast).
但请注意：BlueFocus智能通信集团可能不是最好的买入股票。因此，来看看这份过去盈利增长（以及进一步增长预测）的有趣公司的免费清单。
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。