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Investors Five-year Losses Continue as Zhejiang Semir Garment (SZSE:002563) Dips a Further 4.4% This Week, Earnings Continue to Decline

Investors Five-year Losses Continue as Zhejiang Semir Garment (SZSE:002563) Dips a Further 4.4% This Week, Earnings Continue to Decline

投资者持续五年亏损,浙江森马制衣(深交所股票代码:002563)本周再下跌4.4%,收益继续下降
Simply Wall St ·  2023/10/10 18:36

For many, the main point of investing is to generate higher returns than the overall market. But even the best stock picker will only win with some selections. At this point some shareholders may be questioning their investment in Zhejiang Semir Garment Co., Ltd. (SZSE:002563), since the last five years saw the share price fall 38%.

对许多人来说,投资的主要目的是创造比整体市场更高的回报。但即使是最好的选股者也只有在一些选择。在这一点上,一些股东可能会质疑他们在浙江赛米尔制衣有限公司。(SZSE:002563),自过去五年股价下跌38%.

If the past week is anything to go by, investor sentiment for Zhejiang Semir Garment isn't positive, so let's see if there's a mismatch between fundamentals and the share price.

如果以过去一周为标准,投资者对浙江赛米尔服装的情绪并不乐观,所以让我们看看基本面和股价之间是否存在错配。

View our latest analysis for Zhejiang Semir Garment

查看我们对浙江赛米尔服装的最新分析

To paraphrase Benjamin Graham: Over the short term the market is a voting machine, but over the long term it's a weighing machine. 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.

本杰明·格雷厄姆(Benjamin Graham)的原话是:短期内,市场是一台投票机,但从长远来看,它是一台称重机。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。

During the five years over which the share price declined, Zhejiang Semir Garment's earnings per share (EPS) dropped by 3.7% each year. This reduction in EPS is less than the 9% annual reduction in the share price. This implies that the market is more cautious about the business these days.

在股价下跌的五年中,浙江赛米尔服装的每股收益(EPS)每年下降3.7%。每股收益的这一降幅小于该公司股价每年9%的降幅。这暗示这几天市场对该业务更为谨慎。

The image below shows how EPS has tracked over time (if you click on the image you can see greater detail).

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)。

earnings-per-share-growth
SZSE:002563 Earnings Per Share Growth October 10th 2023
上交所:2023年10月10日每股收益增长002563

We know that Zhejiang Semir Garment has improved its bottom line lately, but is it going to grow revenue? If you're interested, you could check this free report showing consensus revenue forecasts.

我们知道浙江赛米尔服装最近提高了利润,但它会增加收入吗?如果你感兴趣,你可以看看这个免费显示一致收入预测的报告。

What About Dividends?

那股息呢?

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. In the case of Zhejiang Semir Garment, it has a TSR of -19% 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。以浙江赛米尔服装为例,它在过去5年的总资产收益率为-19%。这超过了我们之前提到的它的股价回报。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!

A Different Perspective

不同的视角

It's good to see that Zhejiang Semir Garment has rewarded shareholders with a total shareholder return of 26% in the last twelve months. And that does include the dividend. There's no doubt those recent returns are much better than the TSR loss of 4% per year over five years. The long term loss makes us cautious, but the short term TSR gain certainly hints at a brighter future. 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. Take risks, for example - Zhejiang Semir Garment has 1 warning sign we think you should be aware of.

很高兴看到浙江赛米尔服装在过去12个月里回报了股东26%的总回报。这确实包括了股息。毫无疑问,最近的回报率远远好于TSR在过去五年中每年4%的损失。长期的亏损让我们保持谨慎,但短期的TSR收益肯定暗示着更光明的未来。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。以风险为例-浙江赛米尔服装公司1个警告标志我们认为你应该意识到。

But note: Zhejiang Semir Garment 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:浙江赛米尔服装可能不是最值得买入的股票。所以让我们来看看这个免费过去有盈利增长(以及进一步增长预测)的有趣公司名单。

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

请注意,本文引用的市场回报反映了目前在中国交易所交易的股票的市场加权平均回报。

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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.

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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。

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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