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Great Wall Motor (HKG:2333) Stock Performs Better Than Its Underlying Earnings Growth Over Last Five Years

Great Wall Motor (HKG:2333) Stock Performs Better Than Its Underlying Earnings Growth Over Last Five Years

长城汽车(HKG: 2333)股票表现好于过去五年的基础收益增长
Simply Wall St ·  05/21 03:18

The most you can lose on any stock (assuming you don't use leverage) is 100% of your money. But on the bright side, you can make far more than 100% on a really good stock. For example, the Great Wall Motor Company Limited (HKG:2333) share price has soared 171% in the last half decade. Most would be very happy with that. It's also good to see the share price up 79% over the last quarter. This could be related to the recent financial results, released recently - you can catch up on the most recent data by reading our company report.

任何股票(假设你不使用杠杆)的最大损失是你的资金的100%。但好的一面是,购买一只非常好的股票,您可以赚取超过100%的收入。例如,长城汽车有限公司(HKG: 2333)的股价在过去五年中飙升了171%。大多数人会对此感到非常满意。股价在上个季度上涨了79%也是件好事。这可能与最近发布的最新财务业绩有关——您可以通过阅读我们的公司报告来了解最新的数据。

The past week has proven to be lucrative for Great Wall Motor investors, so let's see if fundamentals drove the company's five-year performance.

事实证明,过去一周对长城汽车的投资者来说是有利可图的,所以让我们看看基本面是否推动了公司的五年业绩。

There is no denying that markets are sometimes efficient, but prices do not always reflect underlying business performance. 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.

不可否认,市场有时是有效的,但价格并不总是能反映潜在的业务表现。通过比较每股收益(EPS)和一段时间内的股价变化,我们可以了解投资者对公司的态度是如何随着时间的推移而变化的。

During five years of share price growth, Great Wall Motor achieved compound earnings per share (EPS) growth of 23% per year. That makes the EPS growth particularly close to the yearly share price growth of 22%. That suggests that the market sentiment around the company hasn't changed much over that time. Rather, the share price has approximately tracked EPS growth.

在五年的股价增长中,长城汽车实现了每年23%的复合每股收益(EPS)增长。这使得每股收益的增长特别接近22%的年度股价增长。这表明,在那段时间内,公司周围的市场情绪没有太大变化。相反,股价大致追踪了每股收益的增长。

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

下图描述了 EPS 随着时间的推移是如何变化的(点击图片可以看到确切的值)。

earnings-per-share-growth
SEHK:2333 Earnings Per Share Growth May 21st 2024
SEHK: 2333 每股收益增长 2024 年 5 月 21 日

We know that Great Wall Motor has improved its bottom line lately, but is it going to grow revenue? This free report showing analyst revenue forecasts should help you figure out if the EPS growth can be sustained.

我们知道长城汽车最近提高了利润,但它会增加收入吗?这份显示分析师收入预测的免费报告应帮助您弄清楚每股收益的增长是否可以持续。

What About Dividends?

分红呢?

It is important to consider the total shareholder return, as well as the share price return, for any given stock. The TSR incorporates the value of any spin-offs or discounted capital raisings, along with any dividends, based on the assumption that the dividends are reinvested. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. In the case of Great Wall Motor, it has a TSR of 208% for the last 5 years. That exceeds its share price return that we previously mentioned. And there's no prize for guessing that the dividend payments largely explain the divergence!

重要的是要考虑任何给定股票的股东总回报率和股价回报率。基于股息再投资的假设,股东总回报率纳入了任何分拆或贴现资本筹集的价值以及任何股息。因此,对于支付丰厚股息的公司来说,股东总回报率通常远高于股价回报率。就长城汽车而言,在过去的5年中,其股东总回报率为208%。这超过了我们之前提到的其股价回报率。而且,猜测股息支付在很大程度上解释了这种分歧是没有好处的!

A Different Perspective

不同的视角

It's nice to see that Great Wall Motor shareholders have received a total shareholder return of 63% over the last year. And that does include the dividend. That's better than the annualised return of 25% over half a decade, implying that the company is doing better recently. Someone with an optimistic perspective could view the recent improvement in TSR as indicating that the business itself is getting better with time. 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. Take risks, for example - Great Wall Motor has 1 warning sign we think you should be aware of.

很高兴看到长城汽车的股东在过去一年中获得了63%的总股东回报率。这确实包括股息。这比五年来25%的年化回报率要好,这意味着该公司最近的表现更好。持乐观态度的人可能会将最近股东总回报率的改善视为业务本身随着时间的推移而变得更好。尽管市场状况可能对股价产生的不同影响值得考虑,但还有其他因素更为重要。例如,冒险吧——长城汽车有 1 个我们认为你应该注意的警告标志。

But note: Great Wall Motor may not be the best stock to buy. So take a peek at this free list of interesting companies with past earnings growth (and further growth forecast).

但请注意:长城汽车可能不是最好的买入股票。因此,来看看这份过去盈利增长(以及进一步增长预测)的有趣公司的免费清单。

Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on Hong Kong exchanges.

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。

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.

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Simply Wall St的这篇文章本质上是笼统的。我们仅使用公正的方法根据历史数据和分析师的预测提供评论,我们的文章无意作为财务建议。它不构成买入或卖出任何股票的建议,也没有考虑到您的目标或财务状况。我们的目标是为您提供由基本数据驱动的长期重点分析。请注意,我们的分析可能不考虑最新的价格敏感型公司公告或定性材料。简而言之,华尔街没有持有任何上述股票的头寸。

声明:本内容仅用作提供资讯及教育之目的,不构成对任何特定投资或投资策略的推荐或认可。 更多信息
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