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The Five-year Loss for Shenzhen Center Power Tech (SZSE:002733) Shareholders Likely Driven by Its Shrinking Earnings

The Five-year Loss for Shenzhen Center Power Tech (SZSE:002733) Shareholders Likely Driven by Its Shrinking Earnings

深圳中權科技(SZSE:002733)股東可能遭遇的五年虧損可能是由其收入縮水所驅使
Simply Wall St ·  10/01 22:25

Shenzhen Center Power Tech. Co., Ltd (SZSE:002733) shareholders should be happy to see the share price up 19% in the last month. But that doesn't change the fact that the returns over the last five years have been less than pleasing. In fact, the share price is down 36%, which falls well short of the return you could get by buying an index fund.

深圳中心電源科技股份有限公司(SZSE:002733)的股東應該很高興看到股價在上個月上漲了19%。但這並不能改變過去五年的回報表現令人不滿的事實。實際上,股價下跌了36%,遠遠低於購買指數基金可以獲得的回報。

Although the past week has been more reassuring for shareholders, they're still in the red over the last five years, so let's see if the underlying business has been responsible for the decline.

雖然過去一週股東的投資回報率有所緩解,但在過去五年中仍處於虧損狀態,因此讓我們看看這家公司的基本業務是否是導致下跌的原因。

While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance. One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price.

雖然市場是一個強大的定價機制,但股價反映了投資者情緒,不僅僅是基本業績。一種有缺陷但合理的評估公司周圍情緒如何變化的方法是將每股收益(EPS)與股價進行比較。

Looking back five years, both Shenzhen Center Power Tech's share price and EPS declined; the latter at a rate of 8.4% per year. In this case, the EPS change is really very close to the share price drop of 8% a year. That suggests that the market sentiment around the company hasn't changed much over that time. Rather, the share price change has reflected changes in earnings per share.

回顧過去五年,深圳中心電源科技的股價和每股收益都有所下降;後者年均下降率爲8.4%。在這種情況下,每股收益的變化與每年下跌8%的股價下跌非常接近。這表明該公司周圍的市場情緒在此期間並沒有發生太大變化。相反,股價變化反映了每股收益的變化。

The image below shows how EPS has tracked over time (if you click on the image you can see greater detail).

下圖顯示了EPS隨時間的變化情況(如果您單擊該圖像,則可以查看更多詳細信息)。

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SZSE:002733 Earnings Per Share Growth October 2nd 2024
2024年10月2日,中小企業板指數002733每股收益增長

It might be well worthwhile taking a look at our free report on Shenzhen Center Power Tech's earnings, revenue and cash flow.

值得一看的是我們關於深圳市中控科技的收益、營業收入和現金流的免費報告。

What About Dividends?

那麼分紅怎麼樣呢?

It is important to consider the total shareholder return, as well as the share price return, for any given stock. 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. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. In the case of Shenzhen Center Power Tech, it has a TSR of -33% for the last 5 years. That exceeds its share price return that we previously mentioned. This is largely a result of its dividend payments!

重要的是考慮總股東回報,以及任何給定股票的股價回報。TSR包括任何拆股或折價增資的價值,以及基於再投資假設的任何分紅。可以說TSR爲支付股息的股票提供了更完整的畫面。就深圳市中控科技而言,過去5年其TSR爲-33%。這超過了我們之前提到的股價回報。這主要歸因於其分紅派息!

A Different Perspective

不同的觀點

While the broader market gained around 3.3% in the last year, Shenzhen Center Power Tech shareholders lost 10% (even including dividends). 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. Regrettably, last year's performance caps off a bad run, with the shareholders facing a total loss of 6% per year over five years. 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. It's always interesting to track share price performance over the longer term. But to understand Shenzhen Center Power Tech better, we need to consider many other factors. Like risks, for instance. Every company has them, and we've spotted 3 warning signs for Shenzhen Center Power Tech (of which 1 doesn't sit too well with us!) you should know about.

儘管更廣泛的市場在去年上漲了約3.3%,深圳市中控科技的股東卻損失了10%(甚至包括股息在內)。即使好股票的股價有時也會下跌,但我們希望在產業基本面指標出現改善之前就對其產生興趣。遺憾的是,去年的表現使股東在過去五年中每年面臨6%的總損失。一般來說,長期股價疲軟可能是一個不好的跡象,儘管逆市投資者可能希望研究該股票,希望它會扭轉局面。跟蹤股價表現長期來看總是有趣的。但要更好地了解深圳市中控科技,我們需要考慮許多其他因素。比如風險。每家公司都會有風險,我們已經發現深圳市中控科技有3個警示信號(其中1個我們並不太滿意!)你應該知道。

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 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。

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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。

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