Shanghai Shentong MetroLtd's (SHSE:600834) Earnings Have Declined Over Three Years, Contributing to Shareholders 22% Loss
Shanghai Shentong MetroLtd's (SHSE:600834) Earnings Have Declined Over Three Years, Contributing to Shareholders 22% Loss
Shanghai Shentong MetroLtd saw its EPS decline at a compound rate of 0.9% per year, over the last three years. This reduction in EPS is slower than the 8% annual reduction in the share price. So it seems the market was too confident about the business, in the past. Of course, with a P/E ratio of 61.38, the market remains optimistic. This month, we saw the Shanghai Shentong Metro Co.,Ltd. (SHSE:600834) up an impressive 30%. It's not great that the stock is down over the last three years. But that's not so bad when you consider its market is down 25%.
这个月，我们看到了上海申通地铁有限公司。, Ltd.（上海证券交易所代码：600834）上涨了令人印象深刻的30％。该股在过去三年中下跌并不是一件好事。但是，考虑到其市场下跌了25％，这还不错。
On a more encouraging note the company has added CN¥640m 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.
更令人鼓舞的是，该公司的市值仅在过去7天内就增加了64000万元人民币，因此，让我们看看我们能否确定导致股东三年亏损的原因。
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 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.
沃伦·巴菲特在他的文章《格雷厄姆和多兹维尔的超级投资者》中描述了股价如何并不总是能合理地反映企业的价值。考虑市场对公司的看法如何变化的一种不完美但简单的方法是将每股收益（EPS）的变化与股价变动进行比较。
Shanghai Shentong MetroLtd saw its EPS decline at a compound rate of 0.9% per year, over the last three years. This reduction in EPS is slower than the 8% annual reduction in the share price. So it seems the market was too confident about the business, in the past. Of course, with a P/E ratio of 61.38, the market remains optimistic.
在过去三年中，上海申通地铁有限公司的每股收益复合下降幅度为每年0.9％。每股收益的下降低于股价每年8％的降幅。因此，过去市场似乎对该业务过于自信。当然，市盈率为61.38，市场仍然乐观。
The graphic below depicts how EPS has changed over time (unveil the exact values by clicking on the image).
下图描述了 EPS 随着时间的推移是如何变化的（点击图片可以看到确切的值）。
This free interactive report on Shanghai Shentong MetroLtd's earnings, revenue and cash flow is a great place to start, if you want to investigate the stock further.
如果你想进一步调查该股，这份关于上海申通地铁有限公司收益、收入和现金流的免费互动报告是一个很好的起点。
A Different Perspective
不同的视角
Although it hurts that Shanghai Shentong MetroLtd returned a loss of 0.6% in the last twelve months, the broader market was actually worse, returning a loss of 19%. Of course, the long term returns are far more important and the good news is that over five years, the stock has returned 3% for each year. In the best case scenario the last year is just a temporary blip on the journey to a brighter future. Before forming an opinion on Shanghai Shentong MetroLtd you might want to consider these 3 valuation metrics.
尽管上海申通地铁有限公司在过去十二个月中回报了0.6％的亏损令人痛心，但整个市场实际上更糟，回报了19％的亏损。当然，长期回报要重要得多，好消息是，在过去的五年中，该股每年的回报率为3％。在最好的情况下，去年只是通往更光明未来之旅中的一个暂时阶段。在对上海申通地铁发表意见之前，你可能需要考虑这三个估值指标。
We will like Shanghai Shentong MetroLtd 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规模的内幕收购，我们会更喜欢上海申通地铁有限公司。在我们等待的同时，请查看这份被低估的股票（主要是小盘股）的免费清单，这些股票最近有大量的内幕买盘。
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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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.
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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。
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