Passive investing in an index fund is a good way to ensure your own returns roughly match the overall market. Active investors aim to buy stocks that vastly outperform the market - but in the process, they risk under-performance. Unfortunately the Weichai Power Co., Ltd. (HKG:2338) share price slid 47% over twelve months. That's disappointing when you consider the market declined 20%. Longer term shareholders haven't suffered as badly, since the stock is down a comparatively less painful 24% in three years. The falls have accelerated recently, with the share price down 29% in the last three months. However, one could argue that the price has been influenced by the general market, which is down 13% in the same timeframe.
Given the past week has been tough on shareholders, let's investigate the fundamentals and see what we can learn.
See our latest analysis for Weichai Power
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...' One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price.
Unfortunately Weichai Power reported an EPS drop of 57% for the last year. This fall in the EPS is significantly worse than the 47% the share price fall. So the market may not be too worried about the EPS figure, at the moment -- or it may have expected earnings to drop faster.
The image below shows how EPS has tracked over time (if you click on the image you can see greater detail).
SEHK:2338 Earnings Per Share Growth September 22nd 2022
We're pleased to report that the CEO is remunerated more modestly than most CEOs at similarly capitalized companies. But while CEO remuneration is always worth checking, the really important question is whether the company can grow earnings going forward. Dive deeper into the earnings by checking this interactive graph of Weichai Power's earnings, revenue and cash flow.
A Different Perspective
We regret to report that Weichai Power shareholders are down 46% for the year (even including dividends). Unfortunately, that's worse than the broader market decline of 20%. 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 5%, each year, over five years. 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. 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 1 warning sign for Weichai Power that you should be aware of before investing here.
We will like Weichai Power 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 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.
被动投资指数基金是确保你自己的回报与整体市场大致匹配的好方法。积极投资者的目标是买入表现远远好于大盘的股票--但在这个过程中,他们面临表现不佳的风险。不幸的是,潍柴动力股份有限公司。(HKG:2338)股价在12个月内下滑47%。当你考虑到市场下跌了20%时,这是令人失望的。较长期股东的损失没有那么严重,因为该股在三年内下跌了24%,跌幅相对较小。股价最近加速下跌,在过去三个月里下跌了29%。然而,有人可能会辩称,价格受到了大盘的影响,大盘在同一时间段内下跌了13%。
鉴于过去一周对股东的态度一直很严峻,让我们调查一下基本面,看看我们能学到什么。
参见我们对潍柴动力的最新分析
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……”评估围绕一家公司的情绪变化的一个有缺陷但合理的方法是将每股收益(EPS)与股价进行比较。
不幸的是,潍柴动力报告去年每股收益下降了57%。每股收益的这次下跌比股价下跌47%的情况要糟糕得多。因此,市场目前可能并不太担心每股收益的数据,或者它可能预计收益会下降得更快。
下图显示了EPS是如何随着时间的推移进行跟踪的(如果您点击该图像,您可以看到更多详细信息)。
联交所:每股盈利增长2338 2022年9月22日
我们很高兴地报告,这位首席执行官的薪酬比类似资本公司的大多数首席执行官都要低。但是,尽管CEO的薪酬总是值得检查的,但真正重要的问题是,公司能否在未来实现收益增长。通过查看潍柴动力的收益、收入和现金流的互动图表,更深入地了解收益。
不同的视角
我们遗憾地报告,潍柴动力的股东今年以来下跌了46%(即使包括股息)。不幸的是,这比大盘20%的跌幅还要糟糕。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沮丧,因为他们在五年内每年会获得5%的收益。最近的抛售可能是一个机会,因此可能值得查看基本面数据,以寻找长期增长趋势的迹象。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,我们发现潍柴动力的1个警示标志在这里投资之前你应该意识到这一点。
如果我们看到一些大的内部收购,我们会更喜欢潍柴动力。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香港交易所交易的股票的市场加权平均回报。
对这篇文章有什么反馈吗?担心内容吗? 保持联系直接与我们联系。或者,也可以给编辑组发电子邮件,地址是implywallst.com。
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。