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Further Weakness as Hangzhou Zhongheng Electric (SZSE:002364) Drops 10% This Week, Taking Three-year Losses to 29%

Further Weakness as Hangzhou Zhongheng Electric (SZSE:002364) Drops 10% This Week, Taking Three-year Losses to 29%

杭州中恒电气(SZSE:002364)本周下跌10%,三年跌幅达到29%,进一步疲软
Simply Wall St ·  01/25 01:35

One simple way to benefit from a rising market is to buy an index fund. In contrast individual stocks will provide a wide range of possible returns, and may fall short. The Hangzhou Zhongheng Electric Co., Ltd (SZSE:002364) is such an example; over three years its share price is down 31% versus a marketdecline of 26%. The falls have accelerated recently, with the share price down 20% in the last three months. Of course, this share price action may well have been influenced by the 8.3% decline in the broader market, throughout the period.

从市场上涨中获益的一种简单方法是购买指数基金。相比之下,个股将提供广泛的可能回报,并且可能不足。杭州中恒电气有限公司(深圳证券交易所:002364)就是这样一个例子;在过去的三年中,其股价下跌了31%,而市场跌幅为26%。最近跌势加速,股价在过去三个月中下跌了20%。当然,这种股价走势很可能受到了整个时期大盘下跌8.3%的影响。

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

如果说过去一周有意义的话,投资者对杭州中恒电气的情绪并不乐观,所以让我们看看基本面和股价之间是否存在不匹配的情况。

Check out our latest analysis for Hangzhou Zhongheng Electric

查看我们对杭州中恒电气的最新分析

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 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.

尽管一些人继续教导高效市场假说,但事实证明,市场是反应过度的动态系统,投资者并不总是理性的。考虑市场对公司的看法发生了怎样的变化的一种不完美但简单的方法是将每股收益(EPS)的变化与股价走势进行比较。

Over the three years that the share price declined, Hangzhou Zhongheng Electric's earnings per share (EPS) dropped significantly, falling to a loss. Since the company has fallen to a loss making position, it's hard to compare the change in EPS with the share price change. But it's safe to say we'd generally expect the share price to be lower as a result!

在股价下跌的三年中,杭州中恒电气的每股收益(EPS)大幅下降,跌至亏损。由于该公司已跌至亏损状态,因此很难将每股收益的变化与股价的变化进行比较。但可以肯定地说,我们通常预计股价会因此而降低!

The company's earnings per share (over time) is depicted in the image below (click to see the exact numbers).

该公司的每股收益(随着时间的推移)如下图所示(点击查看确切数字)。

earnings-per-share-growth
SZSE:002364 Earnings Per Share Growth January 25th 2024
SZSE: 002364 每股收益增长 2024 年 1 月 25 日

Before buying or selling a stock, we always recommend a close examination of historic growth trends, available here.

在买入或卖出股票之前,我们始终建议仔细研究历史增长趋势,可在此处查阅。

A Different Perspective

不同的视角

While it's certainly disappointing to see that Hangzhou Zhongheng Electric shares lost 14% throughout the year, that wasn't as bad as the market loss of 20%. Given the total loss of 4% per year over five years, it seems returns have deteriorated in the last twelve months. While some investors do well specializing in buying companies that are struggling (but nonetheless undervalued), don't forget that Buffett said that 'turnarounds seldom turn'. 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. For example, we've discovered 1 warning sign for Hangzhou Zhongheng Electric that you should be aware of before investing here.

尽管杭州中恒电气股价全年下跌14%确实令人失望,但这还不如20%的市场跌幅那么糟糕。鉴于五年来每年的总损失为4%,在过去的十二个月中,回报率似乎有所下降。尽管一些投资者在专门收购陷入困境(但仍被低估)的公司方面表现良好,但不要忘记巴菲特说过 “转机很少会转机”。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。例如,我们发现了杭州中恒电气的1个警告信号,在投资这里之前,您应该注意这一点。

Of course Hangzhou Zhongheng Electric may not be the best stock to buy. So you may wish to see this free collection of growth stocks.

当然,杭州中恒电气可能不是最好的买入股票。因此,您可能希望看到这批免费的成长股。

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。

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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