China Testing & Certification International GroupLtd's (SHSE:603060) Earnings Growth Rate Lags the 20% CAGR Delivered to Shareholders
China Testing & Certification International GroupLtd's (SHSE:603060) Earnings Growth Rate Lags the 20% CAGR Delivered to Shareholders
When you buy a stock there is always a possibility that it could drop 100%. But on a lighter note, a good company can see its share price rise well over 100%. For example, the China Testing & Certification International Group Co.,Ltd. (SHSE:603060) share price has soared 143% in the last half decade. Most would be very happy with that. But it's down 5.9% in the last week.
当你购买一只股票时，它总是有可能下跌100%。但在较轻松的情况下，一家好公司的股价涨幅可以远远超过100%。例如，中国检测认证国际集团有限公司(上海证券交易所：603060)股价在过去五年里飙升了143%。大多数人会对此感到非常高兴。但最近一周下跌了5.9%。
While this past week has detracted from the company's five-year return, let's look at the recent trends of the underlying business and see if the gains have been in alignment.
虽然过去一周该公司的五年回报率有所下降，但让我们来看看基本业务的近期趋势，看看收益是否一致。
See our latest analysis for China Testing & Certification International GroupLtd
查看我们对中国检测认证国际集团有限公司的最新分析
While the efficient markets hypothesis continues to be taught by some, it has been proven that markets are over-reactive dynamic systems, and investors are not always rational. 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.
虽然有效市场假说继续被一些人传授，但事实证明，市场是过度反应的动态系统，投资者并不总是理性的。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。
Over half a decade, China Testing & Certification International GroupLtd managed to grow its earnings per share at 9.5% a year. This EPS growth is lower than the 19% average annual increase in the share price. So it's fair to assume the market has a higher opinion of the business than it did five years ago. That's not necessarily surprising considering the five-year track record of earnings growth.
在五年的时间里，中国检测认证国际集团有限公司的每股收益以每年9.5%的速度增长。这一每股收益增幅低于该公司股价平均每年19%的增幅。因此，可以公平地认为，市场对这项业务的看法比五年前更高。考虑到五年来盈利增长的记录，这并不一定令人惊讶。
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是如何随着时间的推移而变化的(通过单击图像来揭示确切的值)。
We know that China Testing & Certification International GroupLtd 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.
我们知道中国检测认证国际集团有限公司最近提高了利润，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？
As well as measuring the share price return, investors should also consider the total shareholder return (TSR). 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. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. We note that for China Testing & Certification International GroupLtd the TSR over the last 5 years was 154%, which is better than the share price return mentioned above. The dividends paid by the company have thusly boosted the total shareholder return.
除了衡量股价回报外，投资者还应考虑总股东回报(TSR)。TSR包括任何剥离或贴现融资的价值，以及任何股息，基于股息再投资的假设。公平地说，TSR为支付股息的股票提供了更完整的图景。我们注意到，中国检测认证国际集团有限公司过去5年的总回报率为154%，好于上述股价回报率。该公司支付的股息因此提振了总计股东回报。
A Different Perspective
不同的视角
It's nice to see that China Testing & Certification International GroupLtd shareholders have received a total shareholder return of 13% over the last year. That's including the dividend. Having said that, the five-year TSR of 20% a year, is even better. Potential buyers might understandably feel they've missed the opportunity, but it's always possible business is still firing on all cylinders. It's always interesting to track share price performance over the longer term. But to understand China Testing & Certification International GroupLtd better, we need to consider many other factors. Even so, be aware that China Testing & Certification International GroupLtd is showing 2 warning signs in our investment analysis , you should know about...
很高兴看到中国检测认证国际集团有限公司的股东在过去一年中获得了13%的总股东回报。这还包括股息。话虽如此，每年20%的五年期TSR更好。潜在买家可能会觉得他们错过了预期的机会，这是可以理解的，但业务仍有可能仍然全速运转。跟踪股价的长期表现总是很有趣的。但要更好地理解中国检测认证国际集团有限公司，我们还需要考虑许多其他因素。即便如此，请注意中国检测认证国际集团有限公司正在展示我们的投资分析中的2个警告信号，你应该知道关于……
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of companies we expect will grow earnings.
当然了,如果你把目光投向别处，你可能会发现这是一笔很棒的投资。所以让我们来看看这个免费我们预计收益将会增长的公司名单。
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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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。