Strong Week for Elec-Tech International (SZSE:002005) Shareholders Doesn't Alleviate Pain of Three-year Loss
Strong Week for Elec-Tech International (SZSE:002005) Shareholders Doesn't Alleviate Pain of Three-year Loss
Elec-Tech International Co., Ltd. (SZSE:002005) shareholders should be happy to see the share price up 28% in the last week. But that doesn't help the fact that the three year return is less impressive. In fact, the share price is down 39% in the last three years, falling well short of the market return.
SZ股票002005:德豪开多股东应该很高兴看到股价上涨了28%,但无法改变未来三年回报不太理想的事实。实际上,在过去三年中,股价下跌了39%,远远落后于市场回报。
On a more encouraging note the company has added CN¥402m to its market cap in just the last 7 days, so let's see if we can determine what's driven the three-year loss for shareholders.
值得鼓励的是,仅在过去7天中,公司市值就增加了40200万。因此,让我们看看是否可以判断是什么导致了股东的三年亏损。
Elec-Tech International isn't currently profitable, so most analysts would look to revenue growth to get an idea of how fast the underlying business is growing. Generally speaking, companies without profits are expected to grow revenue every year, and at a good clip. That's because fast revenue growth can be easily extrapolated to forecast profits, often of considerable size.
德豪目前没有盈利,所以大多数分析师会寻找营收增长来了解基本业务增长的速度。一般而言,没有盈利的公司预计每年都会增长营收,并以较快的速度增长。那是因为快速的营收增长可以轻松地推断出相当大的利润。在过去三年中,德豪的营收每年缩水43%。这绝对是大多数未实现盈利的公司报告的较弱结果。从表面上看,我们认为三年间股价下跌12%是合理的,因为基本面恶化。现在的关键问题是公司是否有能力在没有更多现金的情况下资助自己实现盈利。如果公司希望看到投资者的热情,它将需要尽快恢复营收增长。
In the last three years Elec-Tech International saw its revenue shrink by 43% per year. That's definitely a weaker result than most pre-profit companies report. On the face of it we'd posit the share price fall of 12% compound, over three years is well justified by the fundamental deterioration. The key question now is whether the company has the capacity to fund itself to profitability, without more cash. The company will need to return to revenue growth as quickly as possible, if it wants to see some enthusiasm from investors.
尽管整个市场在过去12个月中损失了约16%,但德豪的股东的情况更糟,损失了26%。但是,股价可能仅仅受到整个市场的担忧影响。如果存在良好的机会,考虑密切关注基本面情况可能很值得。不幸的是,去年的表现可能表明存在未解决的挑战,因为它比过去半个十年的年化损失6%更糟。一般而言,长期股价疲软可能是一个不好的迹象,尽管逆势投资者可能希望研究股票以期实现扭转局面。通过查看利润、营收和现金流的历史详细图表,您可以更好地了解德豪的增长情况。
You can see how earnings and revenue have changed over time in the image below (click on the chart to see the exact values).
你可以在下面的图片中看到收入和营业收入随时间的变化情况(单击图表可查看精确值)。
![earnings-and-revenue-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240629/0-2c96e77e9e07d273ea4b8e52715626a8-0-844100e53d02a1fb46dba898de6442fe.png/big)
Balance sheet strength is crucial. It might be well worthwhile taking a look at our free report on how its financial position has changed over time.
资产负债表强度至关重要。查看我们关于其财务状况如何随时间变化的免费报告可能很值得一看。
A Different Perspective
不同的观点
While the broader market lost about 16% in the twelve months, Elec-Tech International shareholders did even worse, losing 26%. 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 6% over the last half decade. Generally speaking long term share price weakness can be a bad sign, though contrarian investors might want to research the stock in hope of a turnaround. You could get a better understanding of Elec-Tech International's growth by checking out this more detailed historical graph of earnings, revenue and cash flow.
虽然整个市场在过去12个月中损失了约16%,但德豪的股东的情况更糟,损失了26%。但是,股价可能仅仅受到整个市场的担忧影响。如果存在良好的机会,考虑密切关注基本面情况可能很值得。不幸的是,去年的表现可能表明存在未解决的挑战,因为它比过去半个十年的年化损失6%更糟。一般而言,长期股价疲软可能是一个不好的迹象,尽管逆势投资者可能希望研究股票以期实现扭转局面。通过查看利润、营收和现金流的历史详细图表,您可以更好地了解德豪的增长情况。
We will like Elec-Tech International better if we see some big insider buys. While we wait, check out this free list of undervalued stocks (mostly small caps) with considerable, recent, insider buying.
如果我们看到一些大型内部买入,那么我们将更喜欢德豪。在此期间,请查看此免费的低估值股票(主要是小市值股票),其中包括相当多的最近内部购买股票。
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上市的股票的市场加权平均回报。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.
对本文有反馈?关于内容有所顾虑?直接和我们联系。或者,发送电子邮件至editorial-team (at) simplywallst.com。
这篇文章是Simply Wall St的一般性文章。我们根据历史数据和分析师预测提供评论,只使用公正的方法论,我们的文章并不意味着提供任何金融建议。文章不构成买卖任何股票的建议,也不考虑您的目标或您的财务状况。我们的目标是带给您基本数据驱动的长期关注分析。请注意,我们的分析可能不考虑最新的价格敏感公司公告或定性材料。Simply Wall St没有任何股票头寸。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
对本文有反馈?关于内容有所顾虑?直接和我们联系。或者发送电子邮件至editorial-team@simplywallst.com。