Those Who Invested in Shandong Publishing&MediaLtd (SHSE:601019) Three Years Ago Are up 147%
Those Who Invested in Shandong Publishing&MediaLtd (SHSE:601019) Three Years Ago Are up 147%
It might seem bad, but the worst that can happen when you buy a stock (without leverage) is that its share price goes to zero. But if you buy shares in a really great company, you can more than double your money. For instance the Shandong Publishing&Media Co.,Ltd (SHSE:601019) share price is 114% higher than it was three years ago. Most would be happy with that. We note the stock price is up 1.8% in the last seven days.
当你购买一只股票(无负债)时,最糟糕的情况可能是股价归零。但如果你购买了一家真正优秀的公司的股票,你的资产可能会增加一倍以上。例如,山东出版传媒股份有限公司(SHSE:601019)的股票价格比三年前上涨了114%。大多数人都会对此感到高兴。我们注意到,该股票价格在过去七天中上涨了1.8%。
So let's investigate and see if the longer term performance of the company has been in line with the underlying business' progress.
那么,让我们调查一下并查看公司的长期表现是否符合基本业务的进展。
There is no denying that markets are sometimes efficient, but prices do not always reflect 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).
市场有时无疑是高效的,但价格并不总是反映基础业务表现。 一种检查市场情绪如何随时间改变的方法是查看公司的股价与每股收益(EPS)之间的互动。
Shandong Publishing&MediaLtd was able to grow its EPS at 19% per year over three years, sending the share price higher. In comparison, the 29% per year gain in the share price outpaces the EPS growth. This indicates that the market is feeling more optimistic on the stock, after the last few years of progress. It's not unusual to see the market 're-rate' a stock, after a few years of growth.
山东出版传媒股份有限公司成功地实现了EPS每年增长19%的目标,从而推高股价。相比之下,每年股价上涨29%超过了EPS增长。这表明股市在经过过去几年的进展之后对该股持更乐观的态度。在看到股票成长数年后,股市想要重估股票是很常见的。
The image below shows how EPS has tracked over time (if you click on the image you can see greater detail).
下图显示了EPS随时间的变化情况(如果您单击该图像,则可以查看更多详细信息)。
![big](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240803/0-481cd710342c1218c4d25e7241318648-0-6ed3a6a6a49fed014a59435dae989c3f.png/big)
We know that Shandong Publishing&MediaLtd has improved its bottom line lately, but is it going to grow revenue? If you're interested, you could check this free report showing consensus revenue forecasts.
我们知道山东出版传媒股份有限公司的底线有所改善,但其营业收入是否会增长?如果您感兴趣,可以查看这份显示共识营收预测的免费报告。
What About Dividends?
那么分红怎么样呢?
As well as measuring the share price return, investors should also consider the total shareholder return (TSR). 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. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. In the case of Shandong Publishing&MediaLtd, it has a TSR of 147% for the last 3 years. That exceeds its share price return that we previously mentioned. This is largely a result of its dividend payments!
除了衡量股价回报,投资者还应考虑总股东回报(TSR)。TSR是一个回报计算,计算了现金股息的价值(假设任何股息都会再投资)以及任何折价的资本筹资和分拆的计算价值。所以对于那些支付丰厚股息的公司,TSR通常比股价回报高得多。对于山东出版传媒股份有限公司而言,过去3年的TSR为147%。这超过了我们之前提到的股价回报。这在很大程度上是由于其分红支付所致!
A Different Perspective
不同的观点
It's nice to see that Shandong Publishing&MediaLtd shareholders have received a total shareholder return of 29% over the last year. And that does include the dividend. That's better than the annualised return of 16% over half a decade, implying that the company is doing better recently. In the best case scenario, this may hint at some real business momentum, implying that now could be a great time to delve deeper. While it is well worth considering the different impacts that market conditions can have on the share price, there are other factors that are even more important. Take risks, for example - Shandong Publishing&MediaLtd has 2 warning signs (and 1 which can't be ignored) we think you should know about.
令人高兴的是,山东出版传媒股份有限公司的股东在过去一年中获得了29%的总股东回报,其中包括股息。这比过去五年16%的年化回报要好,这意味着公司近期表现更好。在最好的情况下,这可能暗示了一些真正的业务动力,这也意味着现在可能是深入挖掘的好时机。虽然考虑市场条件可能对股价产生不同影响是值得的,但还有其他更重要的因素。例如,风险——我们认为山东出版传媒股份有限公司有2个警示信号(1个不能忽视),需要您了解。
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of companies we expect will grow earnings.
当然,您可能在其他地方找到一家出色的企业进行投资。因此,请查看我们预计将实现盈利增长的公司的免费列表。
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。
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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.
对本文有任何反馈?对内容有任何疑虑?请直接与我们联系。或者,发送电子邮件至editorial-team@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
对本文有任何反馈?对内容有任何疑虑?请直接与我们联系。或者,发送电子邮件至editorial-team@simplywallst.com。