While Shareholders of Sichuan Teway Food GroupLtd (SHSE:603317) Are in the Red Over the Last Five Years, Underlying Earnings Have Actually Grown
While Shareholders of Sichuan Teway Food GroupLtd (SHSE:603317) Are in the Red Over the Last Five Years, Underlying Earnings Have Actually Grown
Ideally, your overall portfolio should beat the market average. But in any portfolio, there will be mixed results between individual stocks. At this point some shareholders may be questioning their investment in Sichuan Teway Food Group Co.,Ltd (SHSE:603317), since the last five years saw the share price fall 47%. And some of the more recent buyers are probably worried, too, with the stock falling 24% in the last year. Shareholders have had an even rougher run lately, with the share price down 23% in the last 90 days. Of course, this share price action may well have been influenced by the 11% decline in the broader market, throughout the period.
理想情況下,您的整體投資組合應超過市場平均水平。但是在任何投資組合中,個股之間的結果都會好壞參半。此時,一些股東可能會質疑他們對四川天威食品集團有限公司的投資。, Ltd(上海證券交易所代碼:603317),自過去五年股價下跌47%以來。一些最近的買家可能也感到擔憂,該股去年下跌了24%。股東們最近的表現更加艱難,股價在過去90天中下跌了23%。當然,這種股價走勢很可能受到了整個時期大盤下跌11%的影響。
The recent uptick of 4.5% could be a positive sign of things to come, so let's take a look at historical fundamentals.
最近4.5%的上漲可能是即將發生的事情的積極信號,因此讓我們來看看歷史基本面。
There is no denying that markets are sometimes efficient, but prices do not always reflect underlying business performance. 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.
不可否認,市場有時是有效的,但價格並不總是能反映潛在的業務表現。考慮市場對公司的看法發生了怎樣的變化的一種不完美但簡單的方法是將每股收益(EPS)的變化與股價走勢進行比較。
During the unfortunate half decade during which the share price slipped, Sichuan Teway Food GroupLtd actually saw its earnings per share (EPS) improve by 8.2% per year. Given the share price reaction, one might suspect that EPS is not a good guide to the business performance during the period (perhaps due to a one-off loss or gain). Or possibly, the market was previously very optimistic, so the stock has disappointed, despite improving EPS.
在股價下滑的不幸五年中,四川天威食品集團有限公司的每股收益(EPS)實際上每年增長8.2%。鑑於股價的反應,人們可能會懷疑每股收益並不能很好地指導該期間的業務表現(可能是由於一次性的虧損或收益)。或者,市場此前可能非常樂觀,因此儘管每股收益有所改善,但該股還是令人失望。
Because of the sharp contrast between the EPS growth rate and the share price growth, we're inclined to look to other metrics to understand the changing market sentiment around the stock.
由於每股收益增長率與股價增長形成鮮明對比,我們傾向於參考其他指標來了解圍繞該股的市場情緒變化。
In contrast to the share price, revenue has actually increased by 13% a year in the five year period. A more detailed examination of the revenue and earnings may or may not explain why the share price languishes; there could be an opportunity.
與股價形成鮮明對比的是,在五年期間,收入實際上每年增長13%。對收入和收益進行更詳細的審查可能會也可能無法解釋股價下跌的原因;可能有機會。
You can see below how earnings and revenue have changed over time (discover the exact values by clicking on the image).
您可以在下面看到收入和收入如何隨着時間的推移而變化(點擊圖片了解確切的值)。
![1725150878307](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240901/43152457-0-c8d4a8fb69cd54e043af64cbbecbe459.webp/bigjpg)
Sichuan Teway Food GroupLtd is well known by investors, and plenty of clever analysts have tried to predict the future profit levels. So it makes a lot of sense to check out what analysts think Sichuan Teway Food GroupLtd will earn in the future (free analyst consensus estimates)
四川天威食品集團有限公司爲投資者所熟知,許多聰明的分析師都試圖預測未來的利潤水平。因此,看看分析師認爲四川天威食品集團有限公司未來的收入很有意義(免費的分析師共識估計)
What About Dividends?
分紅呢?
As well as measuring the share price return, investors should also consider the total shareholder return (TSR). 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. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. As it happens, Sichuan Teway Food GroupLtd's TSR for the last 5 years was -43%, which exceeds the share price return mentioned earlier. This is largely a result of its dividend payments!
除了衡量股價回報率外,投資者還應考慮股東總回報率(TSR)。儘管股價回報率僅反映股價的變化,但股東總回報率包括股息的價值(假設已進行再投資)以及任何折扣融資或分拆的收益。可以說,股東總回報率更全面地描述了股票產生的回報。碰巧的是,四川天威食品集團有限公司過去5年的股東總回報率爲-43%,超過了前面提到的股價回報率。這在很大程度上是其股息支付的結果!
A Different Perspective
不同的視角
While the broader market lost about 17% in the twelve months, Sichuan Teway Food GroupLtd shareholders did even worse, losing 21% (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. Unfortunately, last year's performance may indicate unresolved challenges, given that it was worse than the annualised loss of 7% 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. 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. Even so, be aware that Sichuan Teway Food GroupLtd is showing 1 warning sign in our investment analysis , you should know about...
儘管整個市場在十二個月中下跌了約17%,但四川天威食品集團有限公司股東的表現甚至更糟,損失了21%(甚至包括股息)。但是,可能只是股價受到了更廣泛的市場緊張情緒的影響。如果有很好的機會,可能值得關注基本面。不幸的是,去年的表現可能預示着尚未解決的挑戰,因爲它比過去五年中7%的年化虧損還要糟糕。總的來說,長期股價疲軟可能是一個壞兆頭,儘管逆勢投資者可能希望研究該股以期出現轉機。儘管市場狀況可能對股價產生的不同影響值得考慮,但還有其他因素更爲重要。即便如此,請注意,四川天威食品集團有限公司在我們的投資分析中顯示了1個警告信號,您應該知道...
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).
如果你想和管理層一起購買股票,那麼你可能會喜歡這份免費的公司清單。(提示:其中許多未被注意且估值誘人)。
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交易的股票的市場加權平均回報。
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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的這篇文章本質上是籠統的。我們僅使用公正的方法根據歷史數據和分析師的預測提供評論,我們的文章無意作爲財務建議。它不構成買入或賣出任何股票的建議,也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本數據驅動的長期重點分析。請注意,我們的分析可能不考慮最新的價格敏感型公司公告或定性材料。簡而言之,華爾街沒有持有任何上述股票的頭寸。