Yangzijiang Shipbuilding (Holdings) (SGX:BS6) Shareholders Have Earned a 42% CAGR Over the Last Five Years
Yangzijiang Shipbuilding (Holdings) (SGX:BS6) Shareholders Have Earned a 42% CAGR Over the Last Five Years
The most you can lose on any stock (assuming you don't use leverage) is 100% of your money. But on the bright side, you can make far more than 100% on a really good stock. Long term Yangzijiang Shipbuilding (Holdings) Ltd. (SGX:BS6) shareholders would be well aware of this, since the stock is up 154% in five years. It's down 1.2% in the last seven days.
在任何股票上,您可以損失的最多金額(假設您不使用槓桿)是您投資金額的100%。但是好的股票上,您可以獲得遠遠超過100%的收益。長揸新加坡交易所(SGX:BS6)揚子江船舶製造(控股)有限公司的股東對此應該有所了解,因爲該股票在過去五年中上漲了154%。最近七天內,下跌了1.2%。
Now it's worth having a look at the company's fundamentals too, because that will help us determine if the long term shareholder return has matched the performance of the underlying business.
現在值得更詳細地了解該公司的基本面,因爲這將幫助我們判斷長期股東回報是否與基礎業務的表現相匹配。
To quote Buffett, 'Ships will sail around the world but the Flat Earth Society will flourish. There will continue to be wide discrepancies between price and value in the marketplace...' 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).
引用巴菲特的話,「船隻會在世界各地航行,但扁平地球協會將空前盛行。市場上的價格和價值將繼續存在巨大差異… 」檢查市場情緒如何隨時間變化的一種方法是查看公司的股價與每股收益(EPS)之間的互動。
Over half a decade, Yangzijiang Shipbuilding (Holdings) managed to grow its earnings per share at 11% a year. This EPS growth is slower than the share price growth of 21% per year, over the same period. This suggests that market participants hold the company in higher regard, these days. That's not necessarily surprising considering the five-year track record of earnings growth.
在過去的五年中,揚子江船舶製造(控股)成功地以11%的年均增長率增加了每股收益。與此同時,股價在同一時期以21%的年均增長速度增長。這意味着市場參與者對公司的評價越來越高。考慮到過去五年的盈利增長紀錄,這並不令人意外。
The graphic below depicts how EPS has changed over time (unveil the exact values by clicking on the image).
下圖顯示了EPS隨時間變化的情況(點擊圖像以顯示確切值)。
![big](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240902/0-fddafaad8a5c2a16b199ca8970144271-0-11ec84532876f73318a1a3452e1c4556.png/big)
It's probably worth noting that the CEO is paid less than the median at similar sized companies. But while CEO remuneration is always worth checking, the really important question is whether the company can grow earnings going forward. This free interactive report on Yangzijiang Shipbuilding (Holdings)'s earnings, revenue and cash flow is a great place to start, if you want to investigate the stock further.
值得注意的是CEO的薪酬低於類似規模公司中位數。但是,雖然CEO的報酬值得關注,但真正重要的問題是公司未來能否實現盈利增長。如果您想進一步調查這支股票,洋紹江造船(控股)的營收、收入和現金流的免費互動報告是一個很好的開始。
What About Dividends?
那麼分紅怎麼樣呢?
When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. 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, Yangzijiang Shipbuilding (Holdings)'s TSR for the last 5 years was 469%, which exceeds the share price return mentioned earlier. This is largely a result of its dividend payments!
在考慮投資回報時,重要的是要區分股東總回報(TSR)和股價回報之間的區別。股價回報僅反映股價的變化,而TSR包括了分紅的價值(假設它們被再投資)以及任何折讓募資或剝離帶來的好處。可以說,TSR給出了股票產生的回報更全面的畫面。恰巧,過去5年洋宇江造船(控股)的TSR達到469%,超過了前面提到的股價回報。這在很大程度上是其分紅支付的結果!
A Different Perspective
不同的觀點
It's nice to see that Yangzijiang Shipbuilding (Holdings) shareholders have received a total shareholder return of 53% over the last year. Of course, that includes the dividend. That's better than the annualised return of 42% over half a decade, implying that the company is doing better recently. Someone with an optimistic perspective could view the recent improvement in TSR as indicating that the business itself is getting better with time. Is Yangzijiang Shipbuilding (Holdings) cheap compared to other companies? These 3 valuation measures might help you decide.
很高興看到洋宇江造船(控股)的股東在過去一年中獲得了總股東回報率達53%。當然,這包括股息。與過去半個世紀42%的年化回報率相比,這更好地表明瞭公司近況。持樂觀態度的人可以將TSR的最近改善視爲表明公司本身隨着時間的推移變得更好。洋宇江造船(控股)相對於其他公司是否便宜?這3個估值指標可能會幫助您做出決定。
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of companies that have proven they can grow earnings.
如果您願意查看另一家公司(具有潛在的更好財務狀況),請不要錯過這個免費的公司列表,證明它們可以增長收益。
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on Singaporean exchanges.
請注意,本文中引用的市場回報反映了當前在新加坡交易所上市股票的市場加權平均回報。
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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。