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Shenzhen Das Intellitech (SZSE:002421) Sheds CN¥360m, Company Earnings and Investor Returns Have Been Trending Downwards for Past Five Years

Shenzhen Das Intellitech (SZSE:002421) Sheds CN¥360m, Company Earnings and Investor Returns Have Been Trending Downwards for Past Five Years

深圳达斯智能科技(深圳证券交易所:002421)下跌3.6亿元人民币,公司收益和投资者回报率在过去五年中一直呈下降趋势
Simply Wall St ·  01/19 02:47

Ideally, your overall portfolio should beat the market average. But even the best stock picker will only win with some selections. At this point some shareholders may be questioning their investment in Shenzhen Das Intellitech Co., Ltd. (SZSE:002421), since the last five years saw the share price fall 20%.

理想情况下,您的整体投资组合应超过市场平均水平。但是,即使是最好的选股者也只能通过以下方式获胜 一些 选择。目前,一些股东可能会质疑他们对深圳达斯智能股份有限公司(SZSE:002421)的投资,因为在过去五年中,股价下跌了20%。

After losing 5.2% this past week, it's worth investigating the company's fundamentals to see what we can infer from past performance.

在上周下跌5.2%之后,值得调查该公司的基本面,以了解我们可以从过去的表现中推断出什么。

View our latest analysis for Shenzhen Das Intellitech

查看我们对深圳达斯智能科技的最新分析

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.

引用巴菲特的话说:“船只将在世界各地航行,但Flat Earth Society将蓬勃发展。市场上的价格和价值之间将继续存在巨大差异...”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。

Shenzhen Das Intellitech became profitable within the last five years. That would generally be considered a positive, so we are surprised to see the share price is down. Other metrics might give us a better handle on how its value is changing over time.

深圳达斯智能科技在过去五年中实现了盈利。这通常会被视为利好,因此我们惊讶地看到股价下跌。其他指标可能会让我们更好地了解其价值如何随着时间的推移而变化。

We don't think that the 1.9% is big factor in the share price, since it's quite small, as dividends go. Revenue is actually up 10% over the time period. A more detailed examination of the revenue and earnings may or may not explain why the share price languishes; there could be an opportunity.

我们认为1.9%不是影响股价的重要因素,因为随着股息的增加,它相当小。在此期间,收入实际上增长了10%。对收入和收益进行更详细的审查可能会也可能无法解释股价下跌的原因;可能有机会。

The company's revenue and earnings (over time) are depicted in the image below (click to see the exact numbers).

公司的收入和收益(随着时间的推移)如下图所示(点击查看确切数字)。

earnings-and-revenue-growth
SZSE:002421 Earnings and Revenue Growth January 19th 2024
SZSE: 002421 收益和收入增长 2024 年 1 月 19 日

You can see how its balance sheet has strengthened (or weakened) over time in this free interactive graphic.

您可以在这张免费的交互式图片中看到其资产负债表如何随着时间的推移而增强(或减弱)。

What About Dividends?

分红呢?

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. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. As it happens, Shenzhen Das Intellitech's TSR for the last 5 years was -17%, which exceeds the share price return mentioned earlier. And there's no prize for guessing that the dividend payments largely explain the divergence!

除了衡量股价回报率外,投资者还应考虑股东总回报率(TSR)。股东总回报率是一种回报计算方法,它考虑了现金分红的价值(假设收到的任何股息都经过再投资)以及任何贴现资本筹集和分拆的计算价值。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。碰巧的是,深圳达斯智能过去5年的股东总回报率为-17%,超过了前面提到的股价回报率。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

While it's never nice to take a loss, Shenzhen Das Intellitech shareholders can take comfort that , including dividends,their trailing twelve month loss of 14% wasn't as bad as the market loss of around 17%. Given the total loss of 3% per year over five years, it seems returns have deteriorated in the last twelve months. Whilst Baron Rothschild does tell the investor "buy when there's blood in the streets, even if the blood is your own", buyers would need to examine the data carefully to be comfortable that the business itself is sound. 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. To that end, you should learn about the 5 warning signs we've spotted with Shenzhen Das Intellitech (including 2 which make us uncomfortable) .

尽管亏损从来都不是一件好事,但深圳达斯智能的股东可以放心,包括股息在内,他们过去十二个月的亏损14%没有市场损失17%左右那么严重。鉴于五年内每年的总损失为3%,在过去的十二个月中,回报率似乎有所下降。尽管罗斯柴尔德男爵确实告诉投资者 “街上有血时买入,即使血是你自己的”,但买家需要仔细检查数据,以确定业务本身是健全的。我发现将长期股价视为业务绩效的代表非常有趣。但是,要真正获得见解,我们还需要考虑其他信息。为此,你应该了解我们在深圳大智智能发现的5个警告信号(包括两个让我们感到不舒服的警告)。

We will like Shenzhen Das Intellitech better if we see some big insider buys. While we wait, check out this free list of growing companies with considerable, recent, insider buying.

如果我们看到一些重大的内幕收购,我们会更喜欢深圳达斯智能科技。在我们等待的同时,请查看这份免费清单,列出了最近有大量内幕收购的成长型公司。

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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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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