As Jiangsu Yanghe Brewery (SZSE:002304) Rises 5.6% This Past Week, Investors May Now Be Noticing the Company's One-year Earnings Growth
As Jiangsu Yanghe Brewery (SZSE:002304) Rises 5.6% This Past Week, Investors May Now Be Noticing the Company's One-year Earnings Growth
The simplest way to benefit from a rising market is to buy an index fund. While individual stocks can be big winners, plenty more fail to generate satisfactory returns. That downside risk was realized by Jiangsu Yanghe Brewery Joint-Stock Co., Ltd. (SZSE:002304) shareholders over the last year, as the share price declined 36%. That's well below the market decline of 13%. Even if you look out three years, the returns are still disappointing, with the share price down35% in that time.
从市场上涨中获益的最简单方法是购买指数基金。尽管个股可以成为大赢家,但更多股票无法产生令人满意的回报。去年,由于股价下跌了36%,江苏洋河啤酒股份有限公司(SZSE:002304)的股东意识到了这种下行风险。这远低于13%的市场跌幅。即使展望三年,回报仍然令人失望,当时股价下跌了35%。
Although the past week has been more reassuring for shareholders, they're still in the red over the last year, so let's see if the underlying business has been responsible for the decline.
尽管过去一周令股东更加放心,但与去年相比,他们仍处于亏损状态,所以让我们看看基础业务是否是造成下降的原因。
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。
During the unfortunate twelve months during which the Jiangsu Yanghe Brewery share price fell, it actually saw its earnings per share (EPS) improve by 12%. It could be that the share price was previously over-hyped.
在江苏洋河啤酒股价下跌的不幸十二个月中,其每股收益(EPS)实际上增长了12%。可能是股价此前被过度炒作。
It's surprising to see the share price fall so much, despite the improved EPS. But we might find some different metrics explain the share price movements better.
尽管每股收益有所改善,但股价仍大幅下跌令人惊讶。但是我们可能会发现一些不同的指标可以更好地解释股价走势。
Jiangsu Yanghe Brewery's revenue is actually up 13% over the last year. Since the fundamental metrics don't readily explain the share price drop, there might be an opportunity if the market has overreacted.
江苏洋河啤酒的收入实际上比去年增长了13%。由于基本面指标不容易解释股价下跌,因此如果市场反应过度,可能会有机会。
The image below shows how earnings and revenue have tracked over time (if you click on the image you can see greater detail).
下图显示了收入和收入随时间推移的跟踪情况(如果您点击图片,可以看到更多细节)。
![earnings-and-revenue-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240313/0-35884c9d4fb9c02e059cc6db7771451e-0-9a9bb92d02e6e31c6a63d0baa441fb2f.png/big)
Jiangsu Yanghe Brewery is well known by investors, and plenty of clever analysts have tried to predict the future profit levels. So it makes a lot of sense to check out what analysts think Jiangsu Yanghe Brewery will earn in the future (free analyst consensus estimates)
江苏洋河啤酒为投资者所熟知,许多聪明的分析师都试图预测未来的利润水平。因此,看看分析师认为江苏洋河啤酒未来的收入很有意义(免费的分析师共识估计)
A Different Perspective
不同的视角
While the broader market lost about 13% in the twelve months, Jiangsu Yanghe Brewery shareholders did even worse, losing 34% (even including dividends). 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. On the bright side, long term shareholders have made money, with a gain of 0.3% per year over half a decade. 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. Keeping this in mind, a solid next step might be to take a look at Jiangsu Yanghe Brewery's dividend track record. This free interactive graph is a great place to start.
尽管整个市场在十二个月中下跌了约13%,但江苏洋河啤酒的股东表现更糟,损失了34%(甚至包括股息)。话虽如此,在下跌的市场中,一些股票不可避免地会被超卖。关键是要密切关注基本发展。好的一面是,长期股东赚了钱,在过去的五年中,每年增长0.3%。最近的抛售可能是一个机会,因此可能值得查看基本面数据以寻找长期增长趋势的迹象。考虑到这一点,下一步可能是看看江苏洋河啤酒的分红记录。这个免费的交互式图表是一个很好的起点。
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of companies that have proven they can grow earnings.
如果你想看看另一家公司——一家财务状况可能优异的公司——那么千万不要错过这份已经证明自己可以增加收益的公司的免费名单。
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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