Zhejiang Great SoutheastLtd (SZSE:002263) Pops 17% This Week, Taking Five-year Gains to 28%
Zhejiang Great SoutheastLtd (SZSE:002263) Pops 17% This Week, Taking Five-year Gains to 28%
When we invest, we're generally looking for stocks that outperform the market average. And the truth is, you can make significant gains if you buy good quality businesses at the right price. For example, the Zhejiang Great Southeast Corp.Ltd (SZSE:002263) share price is up 28% in the last 5 years, clearly besting the market return of around 18% (ignoring dividends).
當我們投資時,通常在尋找股票時,我們希望能夠超過市場平均水平。事實上,如果您以正確的價格買入高質量的企業,您就可以獲得可觀的收益。例如,浙江大東南股份有限公司(SZSE:002263)的股價在過去5年中上漲了28%,明顯優於市場回報率約18%(不考慮分紅派息)。
After a strong gain in the past week, it's worth seeing if longer term returns have been driven by improving fundamentals.
在過去的一週之內,獲得的強勁收益是否表明了長期回報受到基本面的推動值得關注。
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《格雷厄姆和道德斯維爾的超級投資者》一文中,禾倫·巴菲特描述了股價並不總是合理反映企業價值的方法。檢驗市場情緒如何隨時間變化的一種方法是觀察公司股價和每股收益(EPS)之間的互動關係。
Zhejiang Great SoutheastLtd's earnings per share are down 15% per year, despite strong share price performance over five years.
浙江大東南股份的每股收益每年下降15%,儘管在過去五年中股價表現強勁。
This means it's unlikely the market is judging the company based on earnings growth. Because earnings per share don't seem to match up with the share price, we'll take a look at other metrics instead.
這意味着市場不太可能是根據盈利增長來評判公司的。因爲每股收益似乎與股價不匹配,我們將轉而關注其他指標。
The revenue reduction of 2.9% per year is not a positive. It certainly surprises us that the share price is up, but perhaps a closer examination of the data will yield answers.
每年2.9%的營業收入減少並不是積極的。股價上漲着實讓我們感到驚訝,但也許對數據進行更近距離的檢查將能得出答案。
The company's revenue and earnings (over time) are depicted in the image below (click to see the exact numbers).
以下圖像顯示了公司的營業收入和盈利(隨時間變化)(單擊以查看準確的數字)。
Take a more thorough look at Zhejiang Great SoutheastLtd's financial health with this free report on its balance sheet.
通過這份關於浙江大東南的資產負債表的免費報告,更全面地了解其財務健康狀況。
A Different Perspective
不同的觀點
While the broader market gained around 3.3% in the last year, Zhejiang Great SoutheastLtd shareholders lost 13%. Even the share prices of good stocks drop sometimes, but we want to see improvements in the fundamental metrics of a business, before getting too interested. Longer term investors wouldn't be so upset, since they would have made 5%, each year, over five years. If the fundamental data continues to indicate long term sustainable growth, the current sell-off could be an opportunity worth considering. 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 Zhejiang Great SoutheastLtd is showing 1 warning sign in our investment analysis , you should know about...
儘管更廣泛的市場在過去一年中上漲了約3.3%,浙江大東南的股東損失了13%。即使是優質股票的股價有時也會下跌,但我們希望在對業務的基本度量指標看到改善之前, 之前,現就不要太感興趣了。長期投資者不會那麼沮喪,因爲他們每年都會獲得5%的收益。如果基本數據繼續顯示長期可持續增長,當前的拋售行爲可能是值得考慮的機會。 雖然考慮市場狀況對股價的不同影響是非常值得的,但還有其他更重要的因素。不過,注意到浙江大東南在我們的投資分析中顯示出1個警示信號,你應該了解...
Of course Zhejiang Great SoutheastLtd may not be the best stock to buy. So you may wish to see this free collection of growth stocks.
當然, 浙江大東南可能不是最好的股票買入選擇。因此,您可能希望查看這些免費的成長股票收藏。
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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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.
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。