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Market Is Not Liking Dasheng Times Cultural Investment's (SHSE:600892) Earnings Decline as Stock Retreats 21% This Week

Market Is Not Liking Dasheng Times Cultural Investment's (SHSE:600892) Earnings Decline as Stock Retreats 21% This Week

由于本周股价下跌21%,市场不喜欢达生时代文化投资(SHSE: 600892)的收益下降
Simply Wall St ·  02/04 22:27

The main aim of stock picking is to find the market-beating stocks. But every investor is virtually certain to have both over-performing and under-performing stocks. So we wouldn't blame long term Dasheng Times Cultural Investment Co., Ltd. (SHSE:600892) shareholders for doubting their decision to hold, with the stock down 36% over a half decade. We also note that the stock has performed poorly over the last year, with the share price down 22%. More recently, the share price has dropped a further 33% in a month.

选股的主要目的是寻找市场领先的股票。但是,几乎每个投资者都肯定会有表现过硬和表现不佳的股票。因此,我们不会责怪达生时代文化投资有限公司(SHSE: 600892)的长期股东对他们的持股决定表示怀疑,该股在五年内下跌了36%。我们还注意到,该股去年表现不佳,股价下跌了22%。最近,股价在一个月内又下跌了33%。

After losing 21% this past week, it's worth investigating the company's fundamentals to see what we can infer from past performance.

在上周下跌了21%之后,值得调查该公司的基本面,看看我们可以从过去的表现中推断出什么。

While Dasheng Times Cultural Investment made a small profit, in the last year, we think that the market is probably more focussed on the top line growth at the moment. As a general rule, we think this kind of company is more comparable to loss-making stocks, since the actual profit is so low. It would be hard to believe in a more profitable future without growing revenues.

尽管达胜时代文化投资取得了小额利润,但在去年,我们认为目前市场可能更加关注收入增长。通常,我们认为这种公司更能与亏损股票相提并论,因为实际利润太低了。如果收入不增加,很难相信未来会有更有利可图的未来。

In the last five years Dasheng Times Cultural Investment saw its revenue shrink by 2.0% per year. That's not what investors generally want to see. The share price decline at a rate of 6% per year is disappointing. But it doesn't surprise given the falling revenue. It might be worth watching for signs of a turnaround - buyers are probably expecting one.

在过去的五年中,达生时代文化投资的收入每年减少2.0%。这不是投资者普遍希望看到的。股价每年以6%的速度下跌令人失望。但是,考虑到收入的下降,这并不奇怪。可能值得关注的转机迹象——买家可能正在期待这种转机。

The graphic below depicts how earnings and revenue have changed over time (unveil the exact values by clicking on the image).

下图描述了收入和收入随时间推移而发生的变化(点击图片即可显示确切的数值)。

earnings-and-revenue-growth
SHSE:600892 Earnings and Revenue Growth February 5th 2024
SHSE: 600892 2024 年 2 月 5 日收益和收入增长

Balance sheet strength is crucial. It might be well worthwhile taking a look at our free report on how its financial position has changed over time.

资产负债表的强度至关重要。可能值得一看我们关于其财务状况如何随着时间的推移而变化的免费报告。

A Different Perspective

不同的视角

Although it hurts that Dasheng Times Cultural Investment returned a loss of 22% in the last twelve months, the broader market was actually worse, returning a loss of 26%. Given the total loss of 6% 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. Consider risks, for instance. Every company has them, and we've spotted 2 warning signs for Dasheng Times Cultural Investment you should know about.

尽管达胜时代文化投资在过去十二个月中回报了22%的亏损令人痛心,但整个市场实际上更糟,回报了26%的亏损。鉴于五年内每年的总损失为6%,在过去的十二个月中,回报似乎有所恶化。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,考虑风险。每家公司都有它们,我们已经发现了两个你应该知道的达生时代文化投资的警告信号。

If you are like me, then you will not want to miss this free list of growing companies that insiders are buying.

如果你像我一样,那么你不会想错过这份业内人士正在收购的成长型公司的免费名单。

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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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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