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Xinyi Glass Holdings (HKG:868) Shareholders Have Endured a 58% Loss From Investing in the Stock Three Years Ago

Xinyi Glass Holdings (HKG:868) Shareholders Have Endured a 58% Loss From Investing in the Stock Three Years Ago

信义玻璃控股(HKG: 868)股东三年前因投资该股而遭受了58%的亏损
Simply Wall St ·  05/21 02:45

It is doubtless a positive to see that the Xinyi Glass Holdings Limited (HKG:868) share price has gained some 44% in the last three months. Meanwhile over the last three years the stock has dropped hard. Tragically, the share price declined 64% in that time. So it is really good to see an improvement. While many would remain nervous, there could be further gains if the business can put its best foot forward.

信义玻璃控股有限公司(HKG: 868)的股价在过去三个月中上涨了约44%,这无疑是积极的。与此同时,在过去 多年来,该股一直大幅下跌。不幸的是,当时股价下跌了64%。因此,看到改善真是太好了。尽管许多人仍会感到紧张,但如果企业能够尽力而为,可能会有进一步的收益。

With that in mind, it's worth seeing if the company's underlying fundamentals have been the driver of long term performance, or if there are some discrepancies.

考虑到这一点,值得一看公司的基本面是否是长期业绩的驱动力,或者是否存在一些差异。

While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance. 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.

虽然市场是一种强大的定价机制,但股价反映了投资者的情绪,而不仅仅是潜在的业务表现。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。

Xinyi Glass Holdings saw its EPS decline at a compound rate of 7.3% per year, over the last three years. The share price decline of 29% is actually steeper than the EPS slippage. So it's likely that the EPS decline has disappointed the market, leaving investors hesitant to buy. This increased caution is also evident in the rather low P/E ratio, which is sitting at 8.05.

在过去三年中,信义玻璃控股的每股收益复合下降幅度为每年7.3%。29%的股价下跌实际上比每股收益的下滑幅度更大。因此,每股收益的下降很可能令市场失望,使投资者对买入犹豫不决。这种更加谨慎的态度也体现在相当低的市盈率上,该比率为8.05。

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 随着时间的推移是如何变化的(点击图片可以看到确切的值)。

earnings-per-share-growth
SEHK:868 Earnings Per Share Growth May 21st 2024
SEHK: 868 每股收益增长 2024 年 5 月 21 日

We like that insiders have been buying shares in the last twelve months. Even so, future earnings will be far more important to whether current shareholders make money. It might be well worthwhile taking a look at our free report on Xinyi Glass Holdings' earnings, revenue and cash flow.

像我们一样,内部人士在过去的十二个月中一直在购买股票。即便如此,未来的收益对于当前股东是否赚钱将更为重要。也许值得一看我们关于信义玻璃控股收益、收入和现金流的免费报告。

What About Dividends?

分红呢?

When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. 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. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. As it happens, Xinyi Glass Holdings' TSR for the last 3 years was -58%, which exceeds the share price return mentioned earlier. The dividends paid by the company have thusly boosted the total shareholder return.

在考虑投资回报时,重要的是要考虑两者之间的区别 股东总回报 (TSR) 和 股价回报。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。可以说,股东总回报率更全面地描述了股票产生的回报。碰巧的是,信义玻璃控股过去3年的股东总回报率为-58%,超过了前面提到的股价回报率。因此,该公司支付的股息提高了 股东回报。

A Different Perspective

不同的视角

While the broader market gained around 6.9% in the last year, Xinyi Glass Holdings shareholders lost 12% (even including dividends). However, keep in mind that even the best stocks will sometimes underperform the market over a twelve month period. On the bright side, long term shareholders have made money, with a gain of 11% per year over half a decade. It could be that the recent sell-off is an opportunity, so it may be worth checking the fundamental data for signs of a long term growth trend. 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 be aware of the 2 warning signs we've spotted with Xinyi Glass Holdings .

尽管去年整体市场上涨了约6.9%,但信义玻璃控股的股东损失了12%(甚至包括股息)。但是,请记住,即使是最好的股票有时也会在十二个月内表现不如市场。好的一面是,长期股东赚了钱,在过去的五年中,每年增长11%。最近的抛售可能是一个机会,因此可能值得查看基本面数据以寻找长期增长趋势的迹象。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,你应该注意我们在信义玻璃控股身上发现的两个警告信号。

If you like to buy stocks alongside management, then you might just love this free list of companies. (Hint: most of them are flying under the radar).

如果你想和管理层一起购买股票,那么你可能会喜欢这份免费的公司清单。(提示:它们中的大多数都在雷达下飞行)。

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

请注意,本文引用的市场回报反映了目前在香港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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