The worst result, after buying shares in a company (assuming no leverage), would be if you lose all the money you put in. But if you buy shares in a really great company, you can more than double your money. For instance the Changgao Electric Group Co., Ltd. (SZSE:002452) share price is 118% higher than it was three years ago. Most would be happy with that. It's also good to see the share price up 35% over the last quarter.
In light of the stock dropping 6.2% 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.
Check out our latest analysis for Changgao Electric Group
To quote Buffett, 'Ships will sail around the world but the Flat Earth Society will flourish. There will continue to be wide discrepancies between price and value in the marketplace...' 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.
Changgao Electric Group became profitable within the last three years. That kind of transition can be an inflection point that justifies a strong share price gain, just as we have seen here.
The company's earnings per share (over time) is depicted in the image below (click to see the exact numbers).
SZSE:002452 Earnings Per Share Growth August 29th 2022
This free interactive report on Changgao Electric Group's earnings, revenue and cash flow is a great place to start, if you want to investigate the stock further.
What About Dividends?
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, Changgao Electric Group's TSR for the last 3 years was 126%, which exceeds the share price return mentioned earlier. And there's no prize for guessing that the dividend payments largely explain the divergence!
A Different Perspective
It's good to see that Changgao Electric Group has rewarded shareholders with a total shareholder return of 52% in the last twelve months. Of course, that includes the dividend. Since the one-year TSR is better than the five-year TSR (the latter coming in at 5% 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. 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 3 warning signs for Changgao Electric Group you should know about.
We will like Changgao Electric Group better if we see some big insider buys. While we wait, check out this free list of growing companies with considerable, recent, insider buying.
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on CN 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.
最糟糕的结果是,在购买了一家公司的股票后(假设没有杠杆),你投入的所有资金都会亏损。但如果你购买一家真正伟大的公司的股票,你可以更多也不愿让你的钱翻倍。例如,昌高电气集团有限公司。(SZSE:002452)股价较三年前高出118%。大多数人会对此感到高兴。上个季度股价上涨了35%,这也是好事。
鉴于该公司股价在过去一周下跌了6.2%,我们希望调查更长期的情况,看看基本面因素是否是该公司三年来正回报的驱动因素。
查看我们对长高电气集团的最新分析
用巴菲特的话说,“船只将在世界各地航行,但平坦的地球协会将蓬勃发展。市场上的价格和价值之间将继续存在巨大的差异……”通过比较每股收益(EPS)和股价随时间的变化,我们可以感受到投资者对一家公司的态度随着时间的推移发生了怎样的变化。
昌高电气集团在过去三年内实现了盈利。这种转变可能是一个拐点,可以证明股价强劲上涨是合理的,就像我们在这里看到的那样。
该公司的每股收益(在一段时间内)如下图所示(点击查看具体数字)。
上交所:2022年8月29日每股收益增长002452
这免费如果你想进一步调查长高电气集团的股票,那么关于该集团收益、收入和现金流的互动报告是一个很好的起点。
那股息呢?
重要的是要考虑任何给定股票的总股东回报以及股价回报。TSR是一种回报计算,计入了现金股息的价值(假设收到的任何股息都进行了再投资),以及任何贴现融资和剥离的计算价值。因此,对于支付丰厚股息的公司来说,TSR往往比股价回报高得多。碰巧的是,长高电气集团最近3年的TSR为126%,超过了前面提到的股价回报。而且,猜测股息支付在很大程度上解释了这种差异是没有好处的!
不同的视角
很高兴看到,在过去的12个月里,长高电气集团以52%的总股东回报回报了股东。当然,这包括股息。由于一年期的TSR好于五年期的TSR(后者的年收益率为5%),看起来该股的表现在最近有所改善。在最好的情况下,这可能暗示着一些真正的商业势头,意味着现在可能是深入研究的好时机。我发现,把股价作为衡量企业业绩的长期指标是非常有趣的。但为了真正获得洞察力,我们还需要考虑其他信息。例如,考虑一下风险。每家公司都有它们,我们已经发现长高电气集团的3个警示标志你应该知道。
如果我们看到一些大的内部收购,我们会更喜欢长高电气集团。在我们等待的时候,看看这个免费最近有大量内幕收购的成长型公司名单。
请注意,本文引用的市场回报反映了目前在CN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。