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Zhejiang Daily Digital Culture GroupLtd's (SHSE:600633) Three-year Total Shareholder Returns Outpace the Underlying Earnings Growth

Zhejiang Daily Digital Culture GroupLtd's (SHSE:600633) Three-year Total Shareholder Returns Outpace the Underlying Earnings Growth

浙報數字文化集團有限公司(上海證券交易所代碼:600633)的三年股東總回報超過了基礎收益增長
Simply Wall St ·  05/14 06:10

One simple way to benefit from the stock market is to buy an index fund. But if you choose individual stocks with prowess, you can make superior returns. For example, the Zhejiang Daily Digital Culture Group Co.,Ltd (SHSE:600633) share price is up 33% in the last three years, clearly besting the market decline of around 19% (not including dividends).

從股票市場中獲益的一種簡單方法是購買指數基金。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,浙江日報數字文化集團有限公司, Ltd(上海證券交易所代碼:600633)股價在過去三年中上漲了33%,顯然超過了市場19%左右的跌幅(不包括股息)。

In light of the stock dropping 5.7% in the past week, we want to investigate the longer term story, and see if fundamentals have been the driver of the company's positive three-year return.

鑑於該股在過去一週下跌了5.7%,我們想調查長期情況,看看基本面是否是該公司三年期正回報率的驅動力。

While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just 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).

雖然市場是一種強大的定價機制,但股價反映了投資者的情緒,而不僅僅是潛在的業務表現。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 three years of share price growth, Zhejiang Daily Digital Culture GroupLtd achieved compound earnings per share growth of 0.7% per year. In comparison, the 10% per year gain in the share price outpaces the EPS growth. This indicates that the market is feeling more optimistic on the stock, after the last few years of progress. That's not necessarily surprising considering the three-year track record of earnings growth.

在三年的股價增長中,浙報數字文化集團有限公司實現了每年0.7%的複合每股收益增長。相比之下,股價每年10%的漲幅超過了每股收益的增長。這表明,在過去幾年的進展之後,市場對該股感到更加樂觀。考慮到三年的收益增長記錄,這並不一定令人驚訝。

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 在一段時間內的跟蹤情況(如果你點擊圖片,你可以看到更多細節)。

earnings-per-share-growth
SHSE:600633 Earnings Per Share Growth May 13th 2024
SHSE: 600633 每股收益增長 2024 年 5 月 13 日

Dive deeper into Zhejiang Daily Digital Culture GroupLtd's key metrics by checking this interactive graph of Zhejiang Daily Digital Culture GroupLtd's earnings, revenue and cash flow.

查看這張浙報數字文化集團有限公司收益、收入和現金流的互動圖表,深入了解浙報數字文化集團有限公司的關鍵指標。

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. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. As it happens, Zhejiang Daily Digital Culture GroupLtd's TSR for the last 3 years was 37%, which exceeds the share price return mentioned earlier. And there's no prize for guessing that the dividend payments largely explain the divergence!

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。因此,對於支付豐厚股息的公司來說,股東總回報率通常遠高於股價回報率。碰巧的是,浙江日報數字文化集團有限公司過去3年的股東總回報率爲37%,超過了前面提到的股價回報率。而且,猜測股息支付在很大程度上解釋了這種分歧是沒有好處的!

A Different Perspective

不同的視角

We regret to report that Zhejiang Daily Digital Culture GroupLtd shareholders are down 22% for the year (even including dividends). Unfortunately, that's worse than the broader market decline of 8.0%. However, it could simply be that the share price has been impacted by broader market jitters. It might be worth keeping an eye on the fundamentals, in case there's a good opportunity. On the bright side, long term shareholders have made money, with a gain of 0.6% per year over half a decade. It could be that the recent sell-off is an opportunity, so it may be worth checking the fundamental data for signs of a long term growth trend. I find it very interesting to look at share price over the long term as a proxy for business performance. But to truly gain insight, we need to consider other information, too. Consider risks, for instance. Every company has them, and we've spotted 2 warning signs for Zhejiang Daily Digital Culture GroupLtd you should know about.

我們遺憾地報告,浙江日報數字文化集團有限公司的股東今年下跌了22%(甚至包括股息)。不幸的是,這比整個市場8.0%的跌幅還要嚴重。但是,可能只是股價受到了更廣泛的市場緊張情緒的影響。如果有很好的機會,可能值得關注基本面。好的一面是,長期股東賺了錢,在過去的五年中,每年增長0.6%。最近的拋售可能是一個機會,因此可能值得查看基本面數據以尋找長期增長趨勢的跡象。我發現將長期股價視爲業務績效的代表非常有趣。但是,要真正獲得見解,我們還需要考慮其他信息。例如,考慮風險。每家公司都有它們,我們發現了兩個你應該知道的浙江日報數字文化集團有限公司的警告標誌。

Of course Zhejiang Daily Digital Culture GroupLtd may not be the best stock to buy. So you may wish to see this free collection of growth stocks.

當然,浙江日報數字文化集團有限公司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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