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Those Who Invested in Yangzijiang Shipbuilding (Holdings) (SGX:BS6) a Year Ago Are up 45%

Those Who Invested in Yangzijiang Shipbuilding (Holdings) (SGX:BS6) a Year Ago Are up 45%

一年前投資揚子江造船(控股)(新加坡證券交易所股票代碼:BS6)的人上漲了45%
Simply Wall St ·  05/23 06:05

These days it's easy to simply buy an index fund, and your returns should (roughly) match the market. But investors can boost returns by picking market-beating companies to own shares in. To wit, the Yangzijiang Shipbuilding (Holdings) Ltd. (SGX:BS6) share price is 40% higher than it was a year ago, much better than the market decline of around 1.5% (not including dividends) in the same period. That's a solid performance by our standards! However, the stock hasn't done so well in the longer term, with the stock only up 22% in three years.

如今,簡單地購買指數基金很容易,而且您的回報應該(大致地)與市場相匹配。但是,投資者可以通過選擇市場領先的公司來持有股票,從而提高回報。換句話說,揚子江造船(控股)有限公司(新加坡證券交易所股票代碼:BS6)的股價比去年同期上漲了40%,遠好於市場同期約1.5%(不包括股息)的跌幅。按照我們的標準,這是一款不錯的表現!但是,從長遠來看,該股表現不佳,該股在三年內僅上漲了22%。

So let's investigate and see if the longer term performance of the company has been in line with the underlying business' progress.

因此,讓我們調查一下,看看公司的長期表現是否與基礎業務的進展一致。

To paraphrase Benjamin Graham: Over the short term the market is a voting machine, but over the long term it's a weighing machine. By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time.

用本傑明·格雷厄姆的話來說:從短期來看,市場是一臺投票機器,但從長遠來看,它是一臺稱重機。通過比較每股收益(EPS)和一段時間內的股價變化,我們可以了解投資者對公司的態度是如何隨着時間的推移而變化的。

During the last year Yangzijiang Shipbuilding (Holdings) grew its earnings per share (EPS) by 57%. It's fair to say that the share price gain of 40% did not keep pace with the EPS growth. So it seems like the market has cooled on Yangzijiang Shipbuilding (Holdings), despite the growth. Interesting. The caution is also evident in the lowish P/E ratio of 9.06.

去年,揚子江造船(控股)的每股收益(EPS)增長了57%。可以公平地說,40%的股價漲幅跟不上每股收益的增長。因此,儘管有所增長,但揚子江造船(控股)的市場似乎已經降溫。有趣。這種謹慎態度也體現在低的市盈率9.06中。

The graphic below depicts how EPS has changed over time (unveil the exact values by clicking on the image).

下圖描述了 EPS 隨着時間的推移是如何變化的(點擊圖片可以看到確切的值)。

earnings-per-share-growth
SGX:BS6 Earnings Per Share Growth May 22nd 2024
新加坡證券交易所:BS6每股收益增長 2024年5月22日

It's probably worth noting that the CEO is paid less than the median at similar sized companies. But while CEO remuneration is always worth checking, the really important question is whether the company can grow earnings going forward. Before buying or selling a stock, we always recommend a close examination of historic growth trends, available here..

可能值得注意的是,首席執行官的薪水低於類似規模公司的中位數。但是,儘管首席執行官的薪酬總是值得檢查的,但真正重要的問題是公司未來能否增加收益。在買入或賣出股票之前,我們始終建議仔細研究歷史增長趨勢,可在此處查閱。

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. Whereas the share price return only reflects the change in the share price, the TSR includes the value of dividends (assuming they were reinvested) and the benefit of any discounted capital raising or spin-off. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. We note that for Yangzijiang Shipbuilding (Holdings) the TSR over the last 1 year was 45%, 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。儘管股價回報率僅反映股價的變化,但股東總回報率包括股息的價值(假設已進行再投資)以及任何折扣融資或分拆的收益。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。我們注意到,揚子江造船(控股)在過去一年的股東總回報率爲45%,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 Yangzijiang Shipbuilding (Holdings) shareholders have received a total shareholder return of 45% over the last year. That's including the dividend. Since the one-year TSR is better than the five-year TSR (the latter coming in at 23% per year), it would seem that the stock's performance has improved in recent times. In the best case scenario, this may hint at some real business momentum, implying that now could be a great time to delve deeper. Importantly, we haven't analysed Yangzijiang Shipbuilding (Holdings)'s dividend history. This free visual report on its dividends is a must-read if you're thinking of buying.

很高興看到揚子江造船(控股)的股東在過去一年中獲得了45%的總股東回報率。這包括股息。由於一年期股東總回報率好於五年期股東總回報率(後者爲每年23%),因此該股的表現似乎在最近有所改善。在最好的情況下,這可能暗示着一些真正的業務勢頭,這意味着現在可能是深入研究的好時機。重要的是,我們還沒有分析揚子江造船(控股)的股息歷史。如果你想購買,這份關於其股息的免費可視化報告是必讀的。

Of course Yangzijiang Shipbuilding (Holdings) may not be the best stock to buy. So you may wish to see this free collection of growth stocks.

當然,揚子江造船(控股)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 Singaporean exchanges.

請注意,本文引用的市場回報反映了目前在新加坡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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