Zhejiang Qianjiang Motorcycle's (SZSE:000913) Five-year Earnings Growth Trails the Notable Shareholder Returns
Zhejiang Qianjiang Motorcycle's (SZSE:000913) Five-year Earnings Growth Trails the Notable Shareholder Returns
Stock pickers are generally looking for stocks that will outperform the broader market. And while active stock picking involves risks (and requires diversification) it can also provide excess returns. For example, long term Zhejiang Qianjiang Motorcycle Co., Ltd. (SZSE:000913) shareholders have enjoyed a 60% share price rise over the last half decade, well in excess of the market return of around 2.2% (not including dividends).
股票选择者通常寻找表现优于整体市场的股票。尽管积极的股票选择涉及风险(并需要分散投资),但它也可以提供超额回报。例如,长期持有浙江钱江摩托股份有限公司(SZSE:000913)股票的股东在过去五年中享受了60%的股价上涨,远远超过了市场回报率2.2%(不包括分红)。
Since the stock has added CN¥363m to its market cap in the past week alone, let's see if underlying performance has been driving long-term returns.
自上周以来,该股已将其市值增加了人民币3.63亿,让我们看看潜在的表现是否推动了长期收益。
While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance. 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).
尽管市场是一个强大的价格机制,但股票价格反映的不仅是潜在业务绩效,还反映了投资者的情绪。 了解市场情绪随时间的变化的一种方法是查看公司的股价与每股收益(EPS)之间的互动。
During five years of share price growth, Zhejiang Qianjiang Motorcycle achieved compound earnings per share (EPS) growth of 51% per year. The EPS growth is more impressive than the yearly share price gain of 10% over the same period. So one could conclude that the broader market has become more cautious towards the stock.
在股票价格增长的五年中,浙江钱江摩托实现了每股收益(EPS)复合增长率达51%。EPS增长的表现比同期的每年10%的股价增长更为出色。所以可以得出结论,整体市场变得更加谨慎对待这支股票了。
The company's earnings per share (over time) is depicted in the image below (click to see the exact numbers).
该公司的每股收益(随时间的推移)如下图所示(单击可查看确切数字)。
![big](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240716/0-be0053cb0cdf8acf85fb097d7579821d-0-34804c14c0a42466f48d5fde70761405.png/big)
It might be well worthwhile taking a look at our free report on Zhejiang Qianjiang Motorcycle's earnings, revenue and cash flow.
查看我们的免费报告,了解浙江钱江摩托的收益,营业收入和现金流状况非常值得考虑。
What About Dividends?
那么分红怎么样呢?
It is important to consider the total shareholder return, as well as the share price return, for any given stock. Whereas the share price return only reflects the change in the share price, the TSR includes the value of dividends (assuming they were reinvested) and the benefit of any discounted capital raising or spin-off. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. In the case of Zhejiang Qianjiang Motorcycle, it has a TSR of 72% for the last 5 years. That exceeds its share price return that we previously mentioned. The dividends paid by the company have thusly boosted the total shareholder return.
对于任何给定的股票,考虑总股东回报和股票回报同样重要。股票回报只反映股价变化,而TSR包括股息价值(假设它们被再投资)以及任何折价融资或剥离的受益。可以说TSR为支付股息的股票提供了更完整的图景。在浙江钱江摩托的情况下,它在过去的5年中TSR为72%,超过了我们先前提到的股票回报。该公司支付的股息因此提高了总股东回报。
A Different Perspective
不同的观点
While it's certainly disappointing to see that Zhejiang Qianjiang Motorcycle shares lost 4.5% throughout the year, that wasn't as bad as the market loss of 17%. Of course, the long term returns are far more important and the good news is that over five years, the stock has returned 11% for each year. It could be that the business is just facing some short term problems, but shareholders should keep a close eye on the fundamentals. It's always interesting to track share price performance over the longer term. But to understand Zhejiang Qianjiang Motorcycle better, we need to consider many other factors. For example, we've discovered 2 warning signs for Zhejiang Qianjiang Motorcycle that you should be aware of before investing here.
尽管看到浙江钱江摩托股票在全年内下跌了4.5%,但这不及市场损失17%。当然,长期回报更为重要,好消息是,在五年中,该股每年回报11%。可能该公司只是面临一些短期问题,但股东们也应密切关注其基本情况。跟踪股价的长期表现总是很有趣。但要更好地了解浙江钱江摩托,我们需要考虑许多其他因素。例如,我们发现了2个警告信号,股东们在投资之前应该了解。
If you like to buy stocks alongside management, then you might just love this free list of companies. (Hint: many of them are unnoticed AND have attractive valuation).
如果您喜欢与管理层一起购买股票,那么您可能会喜欢这个公司的免费列表。 (提示:其中许多公司不为人注意且具有吸引力的估值。)
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?对内容感到担忧?请直接与我们联系。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?对内容感到担忧?请直接与我们联系。或者,发送电子邮件至editorial-team@simplywallst.com。