What are the characteristics of long-distance stocks?
In early trading, China Yangtze Power Co.Ltd(600900) opened higher and went higher, with the highest intraday rise to 23.95 yuan, and the share price hit another record high as of the morning closing, the stock rose 0.76% to 23.75 yuan. As a famous white horse in A-share market, China Yangtze Power Co.Ltd(600900) has a steady trend in recent years. Since 2012, the share price has fallen in only two years, with a cumulative increase of more than 4 times in ten years.
Compared with the three major US stock indexes, China Yangtze Power Co.Ltd(600900) not only has a higher cumulative increase, but also has strong resistance to decline, which can be said to be stronger than the US stock index. In terms of the whole A-share market, the share price performance can not be compared with China Yangtze Power Co.Ltd(600900) much. What are their characteristics?
year line beautiful and resistant stocks, only 8
Over the past decade, the performance of US stocks has been the best in the world, with the NASDAQ rising 362%, the S & P 500 rising 220% and the Dow rising 161%. The performance of A-Shares was weak, and the cumulative increase of Shanghai index and Shenzhen Component Index was less than 50%. On the A-share market, excluding the stocks listed since 2012, the number of individual stocks outperforming the NASDAQ is more than 200, accounting for less than 10%. Among them, there are few stocks with beautiful annual line and resistance to decline.
According to the statistics of securities times · databao, in the past ten years (from 2012 to 2022), among the A shares whose cumulative increase outperformed the Nasdaq, 8 stocks fell for less than two years and fell by less than 25% not only did the cumulative increase outperform the three major indexes of U.S. stocks, but some of the eight stocks were no worse than the three major indexes of U.S. stocks.
Among them, Zhejiang Weixing New Building Materials Co.Ltd(002372) only this year's share price temporarily fell, with a decline of less than 10%. In addition, China Yangtze Power Co.Ltd(600900) only two annual share prices fell, in 2013 and 2016 respectively, with a decline of less than 5%, but much lower than the decline of the Shanghai stock index in the same year.
the strongest King ten times in ten years
In terms of cumulative increase, the strongest king is still the most resistant Zhejiang Weixing New Building Materials Co.Ltd(002372) , with a cumulative increase of nearly ten times in the past decade, reaching 969%.
In addition, Guangdong Haid Group Co.Limited(002311) , Hongfa Technology Co.Ltd(600885) , Shandong Hualu-Hengsheng Chemical Co.Ltd(600426) and other individual stocks increased by more than 8 times. It is worth mentioning that the big white horse with trillion market value China Merchants Bank Co.Ltd(600036) is also impressively listed, with a cumulative increase of more than 460%. In the past decade, only the share price in 2013 and 2018 fell, with a maximum decrease of more than 15%.
Steady growth + good profitability is an important factor for the above-mentioned stocks to win the long-distance race. Taking Zhejiang Weixing New Building Materials Co.Ltd(002372) as an example, the annual return on net assets of the stock from 2015 to 2020 was more than 20%, and the annual net profit from 2012 to 2020 was positive growth, and there was no particularly explosive growth year.
Overall, among the eight stocks with strong periodicity, Shandong Hualu-Hengsheng Chemical Co.Ltd(600426) , Lier Chemical Co.Ltd(002258) , Fangda Special Steel Technology Co.Ltd(600507) etc., the annual net profit growth has fluctuated greatly in the past ten years, while other stocks have performed steadily. In terms of profitability, the average return on net assets of the eight stocks in the 2020 annual report was more than 19%, and the lowest was more than 12%.
high quality long-distance running potential stocks released
In addition to steady growth and good profitability, reasonable price is also an important factor for long-distance stocks. Take China Merchants Bank Co.Ltd(600036) as an example, the latest price earnings ratio of the stock is still about 10 times, and the valuation was between 5 times and 10 times ten years ago. To some extent, the valuation of China Merchants Bank Co.Ltd(600036) has not increased significantly in the past ten years, and investors mainly earn money from continuous growth.
Based on this, databao screened out the stocks with good profitability and low latest valuation in the past ten years. The conditions include: the average return on net assets of the annual report from 2011 to 2020 is more than 10%, the latest rolling P / E ratio is less than 35 times, and there are more than 10 rating agencies. After excluding the stocks listed since 2015, there are a total of 45 stocks.
From the perspective of market value, individual stocks on the list include giants with market value exceeding trillion, such as Industrial And Commercial Bank Of China Limited(601398) , China Merchants Bank Co.Ltd(600036) and others, as well as large consumption leaders with market value of more than 10 billion, such as Zhejiang Meida Industrial Co.Ltd(002677) , Luolai Lifestyle Technology Co.Ltd(002293) . On the whole, individual stocks on the list are mainly concentrated in large consumption and large financial sectors, and there are relatively few technology stocks, only Hangzhou Hikvision Digital Technology Co.Ltd(002415) , Chaozhou Three-Circle(Group) Co.Ltd(300408) and other stocks are listed. In the past ten years, the trend of these stocks has been strong, Changchun High And New Technology Industries (Group) Inc(000661) and Hangzhou Hikvision Digital Technology Co.Ltd(002415) two tenfold stocks, only Luolai Lifestyle Technology Co.Ltd(002293) , Bank Of Beijing Co.Ltd(601169) , Industrial And Commercial Bank Of China Limited(601398) , Agricultural Bank Of China Limited(601288) and other stocks increased by less than 100%.
