Zhejiang Chint Electrics' (SHSE:601877) Earnings Have Declined Over Three Years, Contributing to Shareholders 62% Loss
Zhejiang Chint Electrics' (SHSE:601877) Earnings Have Declined Over Three Years, Contributing to Shareholders 62% Loss
If you are building a properly diversified stock portfolio, the chances are some of your picks will perform badly. But the last three years have been particularly tough on longer term Zhejiang Chint Electrics Co., Ltd. (SHSE:601877) shareholders. Unfortunately, they have held through a 64% decline in the share price in that time. On the other hand the share price has bounced 8.1% over the last week.
如果您正在建立一个分散投资的股票投资组合,那么其中一些选择可能表现不佳。但过去三年对长期持有正泰电器股份有限公司(SHSE:601877)的股东来说尤其艰难。不幸的是,他们在此期间持有了股价下跌了64%。另一方面,股价在过去一周反弹了8.1%。
While the last three years has been tough for Zhejiang Chint Electrics shareholders, this past week has shown signs of promise. So let's look at the longer term fundamentals and see if they've been the driver of the negative returns.
尽管过去三年对正泰电器股东来说很艰难,但上周显示出了一些希望。因此,让我们看看长期的基本面,看看是否它们是负回报的驱动因素。
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 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).
在他的《格雷厄姆和道德斯维尔的超级投资者》一文中,沃伦·巴菲特描述了股价并不总是合理反映企业价值的方法。检验市场情绪如何随时间变化的一种方法是观察公司股价和每股收益(EPS)之间的互动关系。
Zhejiang Chint Electrics saw its EPS decline at a compound rate of 17% per year, over the last three years. The share price decline of 29% is actually steeper than the EPS slippage. So it's likely that the EPS decline has disappointed the market, leaving investors hesitant to buy. The less favorable sentiment is reflected in its current P/E ratio of 10.95.
过去三年,正泰电器的每股收益以复合年增长率下降了17%。29%的股价下跌实际上比每股收益下滑更加严重。因此,这很可能是每股收益下滑让市场失望,使投资者犹豫购买。这种不太乐观的情绪反映在其目前的市盈率10.95。
You can see how EPS has changed over time in the image below (click on the chart to see the exact values).
您可以在下面的图片中查看每股收益如何随时间变化(单击图表以查看确切的价值)。
Dive deeper into Zhejiang Chint Electrics' key metrics by checking this interactive graph of Zhejiang Chint Electrics's earnings, revenue and cash flow.
通过查看正泰电器盈利、营业收入和现金流的交互式图表,深入了解正泰电器的关键指标。
A Different Perspective
不同的观点
The total return of 20% received by Zhejiang Chint Electrics shareholders over the last year isn't far from the market return of -19%. So last year was actually even worse than the last five years, which cost shareholders 2% per year. Weak performance over the long term usually destroys market confidence in a stock, but bargain hunters may want to take a closer look for signs of a turnaround. It's always interesting to track share price performance over the longer term. But to understand Zhejiang Chint Electrics better, we need to consider many other factors. To that end, you should be aware of the 1 warning sign we've spotted with Zhejiang Chint Electrics .
正泰电器股东在过去一年中获得的20%总回报与市场回报-19%相差不远。因此,去年实际上比过去五年更糟糕,每年使股东损失2%。长期以来的差劲表现通常会摧毁市场对股票的信心,但研究便宜股的投资者可能希望仔细寻找好转迹象。跟踪股价在较长期内的表现总是很有趣。但要更好地理解正泰电器,我们需要考虑许多其他因素。为此,您应该注意我们在正泰电器发现的1个警告信号。
But note: Zhejiang Chint Electrics may not be the best stock to buy. So take a peek at this free list of interesting companies with past earnings growth (and further growth forecast).
但请注意:正泰电器可能并非最佳买入股票。因此,请查看具有过去盈利增长(以及进一步增长预测)的有趣公司的免费清单。
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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