The nature of investing is that you win some, and you lose some. Anyone who held Zensun Enterprises Limited (HKG:185) over the last year knows what a loser feels like. The share price is down a hefty 65% in that time. However, the longer term returns haven't been so bad, with the stock down 29% in the last three years. Furthermore, it's down 37% in about a quarter. That's not much fun for holders.
Since Zensun Enterprises has shed CN¥459m from its value in the past 7 days, let's see if the longer term decline has been driven by the business' economics.
View our latest analysis for Zensun Enterprises
While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance. One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement.
Unhappily, Zensun Enterprises had to report a 70% decline in EPS over the last year. This proportional reduction in earnings per share isn't far from the 65% decrease in the share price. Given the lower EPS we might have expected investors to lose confidence in the stock, but that doesn't seemed to have happened. Instead, the change in the share price seems to reduction in earnings per share, alone.
The graphic below depicts how EPS has changed over time (unveil the exact values by clicking on the image).
SEHK:185 Earnings Per Share Growth August 3rd 2022
Before buying or selling a stock, we always recommend a close examination of historic growth trends, available here.
A Different Perspective
While the broader market lost about 20% in the twelve months, Zensun Enterprises shareholders did even worse, losing 65%. 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. Longer term investors wouldn't be so upset, since they would have made 0.8%, 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. For example, we've discovered 4 warning signs for Zensun Enterprises that you should be aware of before investing here.
For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on HK exchanges.
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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.
投资的本质是你有得也有失。任何持有赞臣实业有限公司(HKG:185)在过去的一年里,我知道失败者是什么感觉。在此期间,该公司股价大幅下跌了65%。然而,长期回报并没有那么糟糕,该股在过去三年里下跌了29%。此外,它在大约四分之一的时间里下跌了37%。对于持有者来说,这并不是什么乐趣。
由于增信企业在过去7天里市值缩水4.59亿元人民币,让我们看看长期下跌是否受到了企业经济的推动。
查看我们对赞臣企业的最新分析
虽然市场是一种强大的定价机制,但股价反映的是投资者情绪,而不仅仅是潜在的企业表现。一种不完美但简单的方法来考虑市场对一家公司的看法是如何改变的,那就是将每股收益(EPS)的变化与股价走势进行比较。
不幸的是,赞臣企业不得不报告去年每股收益下降了70%。每股收益的比例下降与该公司股价65%的跌幅相距不远。考虑到较低的每股收益,我们可能预计投资者会对该股失去信心,但这似乎并没有发生。相反,单是股价的变化似乎就会减少每股收益。
下图描述了EPS是如何随着时间的推移而变化的(通过单击图像来揭示确切的值)。
联交所:185每股盈利增长2022年8月3日
在买卖股票之前,我们总是建议仔细研究一下历史增长趋势,可以在这里找到。
不同的视角
虽然大盘在过去12个月里下跌了约20%,但增盛企业的股东表现更差,下跌了65%。然而,这可能只是因为股价受到了更广泛的市场紧张情绪的影响。也许有必要关注基本面,以防出现良机。较长期的投资者不会如此失望,因为他们在五年内每年的回报率为0.8%。如果基本面数据继续显示长期可持续增长,当前的抛售可能是一个值得考虑的机会。虽然值得考虑市场状况对股价可能产生的不同影响,但还有其他更重要的因素。例如,我们发现Zenenn企业的4个警示标志在这里投资之前你应该意识到这一点。
对于那些想要找到赢得投资这免费最近有内幕收购的不断增长的公司名单可能就是合适的选择。
请注意,本文引用的市场回报反映了目前在香港交易所交易的股票的市场加权平均回报。
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本文由Simply Wall St.撰写,具有概括性。我们仅使用不偏不倚的方法提供基于历史数据和分析师预测的评论,我们的文章并不打算作为财务建议。它不构成买卖任何股票的建议,也没有考虑你的目标或你的财务状况。我们的目标是为您带来由基本面数据驱动的长期重点分析。请注意,我们的分析可能不会将最新的对价格敏感的公司公告或定性材料考虑在内。Simply Wall St.对上述任何一只股票都没有持仓。