Investors in Anyang Iron and Steel (SHSE:600569) From Five Years Ago Are Still Down 44%, Even After 7.4% Gain This Past Week
Investors in Anyang Iron and Steel (SHSE:600569) From Five Years Ago Are Still Down 44%, Even After 7.4% Gain This Past Week
Anyang Iron and Steel Co., Ltd. (SHSE:600569) shareholders should be happy to see the share price up 11% in the last month. But that doesn't change the fact that the returns over the last five years have been less than pleasing. After all, the share price is down 50% in that time, significantly under-performing the market.
安阳钢铁有限公司(SHSE: 600569)的股东应该很高兴看到上个月股价上涨了11%。但这并不能改变这样一个事实,即过去五年的回报并不令人满意。毕竟,当时股价下跌了50%,表现大大低于市场。
Although the past week has been more reassuring for shareholders, they're still in the red over the last five years, 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,但在过去五年中,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。
Given that Anyang Iron and Steel didn't make a profit in the last twelve months, we'll focus on revenue growth to form a quick view of its business development. Generally speaking, companies without profits are expected to grow revenue every year, and at a good clip. Some companies are willing to postpone profitability to grow revenue faster, but in that case one does expect good top-line growth.
鉴于安阳钢铁在过去十二个月中没有盈利,我们将专注于收入增长,以快速了解其业务发展。一般而言,没有利润的公司预计每年收入将增长,而且速度很快。一些公司愿意推迟盈利以更快地增加收入,但在这种情况下,人们确实预计收入会有良好的增长。
Over five years, Anyang Iron and Steel grew its revenue at 8.8% per year. That's a pretty good rate for a long time period. Shareholders have seen the share price fall at 8% per year, for five years: a poor performance. Those who bought back then clearly believed in stronger growth - and maybe even profits. There is always a big risk of losing money yourself when you buy shares in a company that loses money.
在过去的五年中,安阳钢铁的收入以每年8.8%的速度增长。在很长一段时间内,这是一个相当不错的汇率。股东们看到股价连续五年以每年8%的速度下跌:表现不佳。那些当时买入的人显然相信更强劲的增长,甚至可能有利润。当你购买一家亏损公司的股票时,你自己总是有很大的亏损风险。
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)。
![earnings-and-revenue-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240316/0-5080ba39e99a43a97ec765d34bc555ee-0-a2ed491d8d290fcb862a13e3f03986a8.png/big)
We're pleased to report that the CEO is remunerated more modestly than most CEOs at similarly capitalized companies. But while CEO remuneration is always worth checking, the really important question is whether the company can grow earnings going forward. It might be well worthwhile taking a look at our free report on Anyang Iron and Steel's earnings, revenue and cash flow.
我们很高兴地向大家报告,首席执行官的薪酬比资本相似公司的大多数首席执行官要适中。但是,尽管首席执行官的薪酬总是值得检查的,但真正重要的问题是公司未来能否增加收益。也许值得一看我们关于安阳钢铁收益、收入和现金流的免费报告。
What About Dividends?
分红呢?
When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. 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, Anyang Iron and Steel's TSR for the last 5 years was -44%, which exceeds the share price return mentioned earlier. This is largely a result of its dividend payments!
在考虑投资回报时,重要的是要考虑两者之间的区别 股东总回报 (TSR) 和 股价回报。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,安阳钢铁在过去5年的股东总回报率为-44%,超过了前面提到的股价回报率。这在很大程度上是其股息支付的结果!
A Different Perspective
不同的视角
We regret to report that Anyang Iron and Steel shareholders are down 16% for the year (even including dividends). Unfortunately, that's worse than the broader market decline of 11%. 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. Unfortunately, last year's performance may indicate unresolved challenges, given that it was worse than the annualised loss of 8% over the last half decade. We realise that Baron Rothschild has said investors should "buy when there is blood on the streets", but we caution that investors should first be sure they are buying a high quality business. It's always interesting to track share price performance over the longer term. But to understand Anyang Iron and Steel better, we need to consider many other factors. Consider for instance, the ever-present spectre of investment risk. We've identified 2 warning signs with Anyang Iron and Steel , and understanding them should be part of your investment process.
我们遗憾地报告,安阳钢铁股东今年下跌了16%(甚至包括股息)。不幸的是,这比整个市场11%的跌幅还要严重。但是,可能只是股价受到了更广泛的市场紧张情绪的影响。如果有很好的机会,可能值得关注基本面。不幸的是,去年的表现可能预示着尚未解决的挑战,因为它比过去五年中8%的年化亏损还要糟糕。我们意识到罗斯柴尔德男爵曾说过,投资者应该 “在街头流血时买入”,但我们警告说,投资者应首先确保他们购买的是高质量的企业。长期跟踪股价表现总是很有意思的。但是,要更好地了解安阳钢铁,我们需要考虑许多其他因素。例如,投资风险的幽灵无处不在。我们已经确定了安阳钢铁的两个警告信号,了解它们应该是您投资过程的一部分。
If you are like me, then you will not want to miss this free list of growing companies that insiders are buying.
如果你像我一样,那么你不会想错过这份业内人士正在收购的成长型公司的免费名单。
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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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。