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The Three-year Decline in Earnings for Zhuzhou Times New Material Technology SHSE:600458) Isn't Encouraging, but Shareholders Are Still up 44% Over That Period

The Three-year Decline in Earnings for Zhuzhou Times New Material Technology SHSE:600458) Isn't Encouraging, but Shareholders Are Still up 44% Over That Period

株洲時代新材料科技(SHSE: 600458)的三年收益下降並不令人鼓舞,但股東同期仍增長了44%
Simply Wall St ·  05/13 13:46

By buying an index fund, you can roughly match the market return with ease. But if you choose individual stocks with prowess, you can make superior returns. For example, Zhuzhou Times New Material Technology Co., Ltd. (SHSE:600458) shareholders have seen the share price rise 39% over three years, well in excess of the market decline (19%, not including dividends). On the other hand, the returns haven't been quite so good recently, with shareholders up just 7.1% , including dividends .

通過購買指數基金,您可以輕鬆地大致匹配市場回報。但是,如果你選擇有實力的個股,你可以獲得豐厚的回報。例如,株洲時代新材料科技股份有限公司(SHSE: 600458)股東的股價在三年內上漲了39%,遠遠超過了市場的跌幅(19%,不包括股息)。另一方面,最近的回報並不那麼好,股東僅上漲了7.1%,包括股息。

While this past week has detracted from the company's three-year return, let's look at the recent trends of the underlying business and see if the gains have been in alignment.

儘管過去一週減損了該公司的三年回報率,但讓我們來看看基礎業務的最新趨勢,看看漲幅是否一致。

There is no denying that markets are sometimes efficient, but prices do not always reflect underlying business performance. 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).

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。研究市場情緒如何隨着時間的推移而變化的一種方法是研究公司股價與其每股收益(EPS)之間的相互作用。

During the three years of share price growth, Zhuzhou Times New Material Technology actually saw its earnings per share (EPS) drop 2.6% per year.

在股價增長的三年中,株洲時代新材料科技的每股收益(EPS)實際上每年下降2.6%。

Companies are not always focussed on EPS growth in the short term, and looking at how the share price has reacted, we don't think EPS is the most important metric for Zhuzhou Times New Material Technology at the moment. Since the change in EPS doesn't seem to correlate with the change in share price, it's worth taking a look at other metrics.

短期內,各公司並不總是關注每股收益的增長,從股價的反應來看,我們認爲每股收益並不是株洲時代新材料科技目前最重要的指標。由於每股收益的變化似乎與股價的變化無關,因此值得研究其他指標。

Languishing at just 1.5%, we doubt the dividend is doing much to prop up the share price. It could be that the revenue growth of 3.7% per year is viewed as evidence that Zhuzhou Times New Material Technology is growing. If the company is being managed for the long term good, today's shareholders might be right to hold on.

股息僅爲1.5%,我們懷疑股息是否能在支撐股價方面起到多大作用。每年3.7%的收入增長可能被視爲株洲時代新材料科技增長的證據。如果公司的管理是爲了長期利益,那麼今天的股東堅持下去可能是正確的。

The company's revenue and earnings (over time) are depicted in the image below (click to see the exact numbers).

公司的收入和收益(隨着時間的推移)如下圖所示(點擊查看確切數字)。

earnings-and-revenue-growth
SHSE:600458 Earnings and Revenue Growth May 13th 2024
SHSE: 600458 收益和收入增長 2024 年 5 月 13 日

Balance sheet strength is crucial. It might be well worthwhile taking a look at our free report on how its financial position has changed over time.

資產負債表的強度至關重要。可能值得一看我們關於其財務狀況如何隨着時間的推移而變化的免費報告。

What About Dividends?

分紅呢?

It is important to consider the total shareholder return, as well as the share price return, for any given stock. The TSR is a return calculation that accounts for the value of cash dividends (assuming that any dividend received was reinvested) and the calculated value of any discounted capital raisings and spin-offs. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. We note that for Zhuzhou Times New Material Technology the TSR over the last 3 years was 44%, which is better than the share price return mentioned above. The dividends paid by the company have thusly boosted the total shareholder return.

重要的是要考慮任何給定股票的股東總回報率和股價回報率。股東總回報率是一種回報計算方法,它考慮了現金分紅的價值(假設收到的任何股息都經過再投資)以及任何貼現資本籌集和分拆的計算價值。可以公平地說,股東總回報率爲支付股息的股票提供了更完整的畫面。我們注意到,株洲時代新材料科技在過去3年的股東總回報率爲44%,好於上述股價回報率。因此,該公司支付的股息提高了 股東回報。

A Different Perspective

不同的視角

It's nice to see that Zhuzhou Times New Material Technology shareholders have received a total shareholder return of 7.1% over the last year. Of course, that includes the dividend. That gain is better than the annual TSR over five years, which is 6%. Therefore it seems like sentiment around the company has been positive lately. Given the share price momentum remains strong, it might be worth taking a closer look at the stock, lest you miss an opportunity. 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. Take risks, for example - Zhuzhou Times New Material Technology has 2 warning signs we think you should be aware of.

很高興看到株洲時代新材料科技股東去年獲得7.1%的股東總回報率。當然,這包括股息。這一增幅好於五年內的年度股東總回報率,即6%。因此,最近公司周圍的情緒似乎一直很樂觀。鑑於股價勢頭仍然強勁,可能值得仔細研究該股,以免錯過機會。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。例如,冒險吧——株洲時代新材料科技有兩個警告標誌,我們認爲你應該注意。

Of course Zhuzhou Times New Material Technology may not be the best stock to buy. So you may wish to see this free collection of growth stocks.

當然,株洲時代新材料科技可能不是最好的買入股票。因此,您可能希望看到這批免費的成長股。

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。

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.

對這篇文章有反饋嗎?對內容感到擔憂?直接聯繫我們。 或者,給編輯團隊 (at) simplywallst.com 發送電子郵件。
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。

譯文內容由第三人軟體翻譯。


以上內容僅用作資訊或教育之目的,不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。
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