For many investors, the main point of stock picking is to generate higher returns than the overall market. But if you try your hand at stock picking, your risk returning less than the market. We regret to report that long term Shandong New Beiyang Information Technology Co., Ltd. (SZSE:002376) shareholders have had that experience, with the share price dropping 42% in three years, versus a market return of about 19%. On the other hand the share price has bounced 9.7% over the last week.
While the last three years has been tough for Shandong New Beiyang Information Technology shareholders, this past week has shown signs of promise. So let's look at the longer term fundamentals and see if they've been the driver of the negative returns.
See our latest analysis for Shandong New Beiyang Information Technology
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.
Shandong New Beiyang Information Technology saw its EPS decline at a compound rate of 30% per year, over the last three years. This fall in the EPS is worse than the 16% compound annual share price fall. So, despite the prior disappointment, shareholders must have some confidence the situation will improve, longer term.
The company's earnings per share (over time) is depicted in the image below (click to see the exact numbers).
SZSE:002376 Earnings Per Share Growth October 13th 2022
It might be well worthwhile taking a look at our free report on Shandong New Beiyang Information Technology's earnings, revenue and cash flow.
What About Dividends?
As well as measuring the share price return, investors should also consider the total shareholder return (TSR). 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. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. As it happens, Shandong New Beiyang Information Technology's TSR for the last 3 years was -37%, which exceeds the share price return mentioned earlier. This is largely a result of its dividend payments!
A Different Perspective
While it's certainly disappointing to see that Shandong New Beiyang Information Technology shares lost 5.6% throughout the year, that wasn't as bad as the market loss of 17%. What is more upsetting is the 6% per annum loss investors have suffered over the last half decade. While the losses are slowing we doubt many shareholders are happy with the stock. 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. Even so, be aware that Shandong New Beiyang Information Technology is showing 2 warning signs in our investment analysis , you should know about...
We will like Shandong New Beiyang Information Technology 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.
對於許多投資者來説,選股的主要着眼點是產生高於整體市場的回報。但如果你試着選股,你的風險回報就會低於市場。我們很遺憾地報告這一長期的山東新北洋信息技術有限公司。(SZSE:002376)股東有過這樣的經歷,股價在三年內下跌了42%,而市場回報率約為19%。另一方面,該公司股價在過去一週反彈了9.7%。
儘管過去三年對山東新北洋信息技術有限公司的股東來説是艱難的,但過去一週出現了希望的跡象。因此,讓我們看看較長期的基本面,看看它們是否是負回報的驅動因素。
查看我們對山東新北洋信息技術的最新分析
用巴菲特的話説,“船隻將在世界各地航行,但平坦的地球協會將蓬勃發展。市場上的價格和價值之間將繼續存在巨大的差異……”通過比較每股收益(EPS)和股價隨時間的變化,我們可以感受到投資者對一家公司的態度隨着時間的推移發生了怎樣的變化。
過去三年,山東新北洋信息技術有限公司的每股收益以每年30%的複合速度下降。每股收益的這一跌幅比16%的複合年度股價跌幅還要糟糕。因此,儘管之前令人失望,但從長遠來看,股東們必須對情況會有所改善有一定的信心。
該公司的每股收益(在一段時間內)如下圖所示(點擊查看具體數字)。
深交所:2022年10月13日每股收益增長002376
也許很值得一看我們的免費山東新北洋信息技術有限公司收益、收入和現金流報告。
那股息呢?
除了衡量股價回報外,投資者還應考慮總股東回報(TSR)。TSR是一種回報計算,計入了現金股息的價值(假設收到的任何股息都進行了再投資),以及任何貼現融資和剝離的計算價值。公平地説,TSR為支付股息的股票提供了更完整的圖景。恰好,山東新北洋信息科技最近3年的TSR為-37%,超過了前面提到的股價回報。這在很大程度上是其股息支付的結果!
不同的視角
雖然看到山東新北洋信息技術股份有限公司的股票全年下跌5.6%肯定令人失望,但這並沒有股市下跌17%那麼糟糕。更令人沮喪的是,投資者在過去五年裏遭受了每年6%的損失。雖然虧損正在放緩,但我們懷疑有多少股東對該股感到滿意。我發現,把股價作為衡量企業業績的長期指標是非常有趣的。但為了真正獲得洞察力,我們還需要考慮其他信息。即便如此,要意識到山東新北洋信息技術正在展示我們的投資分析中的2個警告信號,你應該知道關於……
如果我們看到一些大的內部收購,我們會更喜歡山東新北洋信息技術。在我們等待的時候,看看這個免費最近有大量內幕收購的成長型公司名單。
請注意,本文引用的市場回報反映了目前在CN交易所交易的股票的市場加權平均回報。
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本文由Simply Wall St.撰寫,具有概括性。我們僅使用不偏不倚的方法提供基於歷史數據和分析師預測的評論,我們的文章並不打算作為財務建議。它不構成買賣任何股票的建議,也沒有考慮你的目標或你的財務狀況。我們的目標是為您帶來由基本面數據驅動的長期重點分析。請注意,我們的分析可能不會將最新的對價格敏感的公司公告或定性材料考慮在內。Simply Wall St.對上述任何一隻股票都沒有持倉。