Investors Five-year Losses Continue as Tungkong (SZSE:002117) Dips a Further 10% This Week, Earnings Continue to Decline
Investors Five-year Losses Continue as Tungkong (SZSE:002117) Dips a Further 10% This Week, Earnings Continue to Decline
Ideally, your overall portfolio should beat the market average. But even the best stock picker will only win with some selections. So we wouldn't blame long term Tungkong Inc. (SZSE:002117) shareholders for doubting their decision to hold, with the stock down 38% over a half decade. We also note that the stock has performed poorly over the last year, with the share price down 34%. Furthermore, it's down 14% in about a quarter. That's not much fun for holders. Of course, this share price action may well have been influenced by the 12% decline in the broader market, throughout the period.
理想情況下,您的整體投資組合應該超過市場平均水平。但即使是最好的股票挑選者也只能在某些選擇中獲勝。因此,我們不能責怪長揸通孔股份有限公司(SZSE:002117)的股東對他們的決定產生懷疑,因爲股票在過去的五年中下跌了38%。我們還注意到,股票在過去一年中表現不佳,股價下跌了34%。此外,股價在約一個季度內下跌了14%。對持有者來說,這並不好玩。當然,這種股價行爲可能受到整個時期股市下跌12%的影響。
If the past week is anything to go by, investor sentiment for Tungkong isn't positive, so let's see if there's a mismatch between fundamentals and the share price.
如果過去一週是什麼的話,投資者對通孔的情緒並不樂觀,因此讓我們看看基本面與股票價格之間是否存在不匹配。
While the efficient markets hypothesis continues to be taught by some, it has been proven that markets are over-reactive dynamic systems, and investors are not always rational. 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).
雖然有效市場假說仍然被一些人教授,但被證明市場是過度反應的動態系統,投資者並不總是理性的。檢查市場情緒如何隨時間變化的一種方法是看一個公司的股價與其每股收益(EPS)之間的交互作用。
Looking back five years, both Tungkong's share price and EPS declined; the latter at a rate of 11% per year. This change in EPS is reasonably close to the 9% average annual decrease in the share price. This suggests that market participants have not changed their view of the company all that much. Rather, the share price change has reflected changes in earnings per share.
回顧過去五年,通孔的股價和每股收益都有所下降,後者的年均降幅爲11%。這種每股收益的變化與股價的年均下降9%非常接近。這表明市場參與者對公司的看法並沒有發生太大變化。相反,股價的變化反映了每股收益的變化。
The company's earnings per share (over time) is depicted in the image below (click to see the exact numbers).
該公司的每股收益(隨時間的推移)如下圖所示(單擊可查看確切數字)。
![1724807709542](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240828/42974374-0-c03cfb6c0b1489f5d0b835a3dd2f7318.webp/bigjpg)
This free interactive report on Tungkong's earnings, revenue and cash flow is a great place to start, if you want to investigate the stock further.
如果您想進一步調查這支股票,可以在這份免費的互動報告中查看Tungkong的收益、營業收入和現金流。
What About Dividends?
那麼分紅怎麼樣呢?
As well as measuring the share price return, investors should also consider the total shareholder return (TSR). The TSR incorporates the value of any spin-offs or discounted capital raisings, along with any dividends, based on the assumption that the dividends are reinvested. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. We note that for Tungkong the TSR over the last 5 years was -25%, which is better than the share price return mentioned above. The dividends paid by the company have thusly boosted the total shareholder return.
除了衡量股價回報外,投資者還應考慮總股東回報(TSR)。TSR包括任何剝離或折價融資的價值,以及基於股息被再投資的假設。可以說,TSR能更全面地展現股票所產生的回報。我們注意到,對於Tungkong來說,過去5年的TSR爲-25%,這比上面提到的股價回報要好。公司支付的股息從而提升了總股東回報。
A Different Perspective
不同的觀點
While the broader market lost about 16% in the twelve months, Tungkong shareholders did even worse, losing 32% (even including dividends). 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. Regrettably, last year's performance caps off a bad run, with the shareholders facing a total loss of 5% per year over five years. 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. 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. Consider for instance, the ever-present spectre of investment risk. We've identified 1 warning sign with Tungkong , and understanding them should be part of your investment process.
儘管整體市場在過去12個月損失了約16%,Tungkong的股東甚至表現更糟,虧損了32%(包括股息在內)。然而,股價可能僅僅受到整體市場的不安情緒影響。值得留意基本面,以防出現良機。遺憾的是,去年的表現爲股東們帶來了差勁的運行,五年內每年總共虧損了5%。我們意識到,巴倫·羅斯柴爾德曾說過投資者應該在「血流街頭」時買入,但我們提醒投資者首先要確認他們在購買一個高質量的企業。雖然值得考慮市場條件對股價的影響,但還有更重要的因素。比如,始終存在的投資風險。我們已經發現關於Tungkong的一個警示信號,理解這些信號應成爲您投資過程的一部分。
If you are like me, then you will not want to miss this free list of undervalued small caps that insiders are buying.
如果您像我一樣,就不會希望錯過這份免費的內部人士正在購買的低估小市值股票列表。
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on Chinese exchanges.
請注意,本文引用的市場回報反映了目前在中國交易所上市的股票的市場加權平均回報。
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對本文有任何反饋?對內容有任何疑慮?請直接與我們聯繫。或者,發送電子郵件至editorial-team@simplywallst.com。
這篇文章是Simply Wall St的一般性文章。我們根據歷史數據和分析師預測提供評論,只使用公正的方法論,我們的文章並不意味着提供任何金融建議。文章不構成買賣任何股票的建議,也不考慮您的目標或您的財務狀況。我們的目標是帶給您基本數據驅動的長期關注分析。請注意,我們的分析可能不考慮最新的價格敏感公司公告或定性材料。Simply Wall St沒有任何股票頭寸。