<p>不幸的是，投资是有风险的——公司可能会破产。但当你选择一家真正繁荣的公司时，你可以获得超过 100% 的收益。例如，<strong>DEUTZ Aktiengesellschaft</strong>（ETR:DEZ）的股价在短短一年内翻了一番，增长了 122%。更好的消息是，股价在三十天内上涨了 13%。同样令人印象深刻的是，三年来该股票上涨了 104%，这也让长期股东感到满意。</p>
<p>在过去一周强劲上涨之后，值得看看长期回报是否是由基本面改善驱动的。</p>
<p>人工智能即将改变医疗保健。这 20 只股票正在从早期诊断到药物发现等各个方面进行工作。最棒的是——它们的市值都在 100 亿美元以下——现在仍然有机会提前布局。</p>
<p>在他的文章《格雷厄姆与多德斯维尔的超级投资者》中，沃伦·巴菲特描述了股价并不总是理性地反映企业价值的情况。检查市场情绪如何随时间变化的一种方法是观察公司股价与每股收益（EPS）之间的互动。</p>
<p>在过去的十二个月里，DEUTZ 的每股收益实际上下降了 30%。</p>
<p>鉴于股价的上涨，我们怀疑市场是否在用每股收益来衡量进展。由于每股收益的变化似乎与股价的变化没有相关性，因此值得关注其他指标。</p>
<p>我们怀疑 1.9% 的股息收益率对支撑股价的作用不大。我们认为 7.9% 的收入增长可能会引起一些投资者的兴趣。许多企业确实会经历一个阶段，在此阶段它们必须放弃一些利润以推动业务发展，有时这是为了更好的未来。</p>
<p>下图展示了收益和收入随时间的变化（点击图片可揭示确切数值）。</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/618582-earnings-and-revenue-growth-1-dark-2/1767672351116?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/618582-earnings-and-revenue-growth-1-dark-2/1767672351116"/></p>
<p>XTRA:DEZ 收益和收入增长 2026 年 1 月 6 日</p>
<p>你可以在这个 <strong>免费的</strong> 互动图形中看到其资产负债表如何随时间增强（或减弱）。</p>
<h2>股息情况如何？</h2>
<p>除了衡量股价回报外，投资者还应考虑总股东回报（TSR）。TSR 包含任何分拆或折扣融资的价值，以及任何股息，假设股息被再投资。可以公平地说，TSR 为支付股息的股票提供了更完整的图景。我们注意到，DEUTZ 在过去一年中的 TSR 为 127%，这比上述提到的股价回报要好。因此，公司支付的股息提升了_总_股东回报。</p>
<h2>不同的视角</h2>
<p>我们很高兴地报告，DEUTZ 的股东在一年内获得了 127% 的总股东回报。这包括股息。这一增幅好于五年的年均 TSR，后者为 14%。因此，最近对公司的情绪似乎是积极的。在最佳情况下，这可能暗示着一些真正的业务动能，这意味着现在可能是深入研究的好时机。长期跟踪股价表现总是很有趣。但要更好地理解 DEUTZ，我们需要考虑许多其他因素。例如，我们已经识别出 <strong>DEUTZ 的一个警示信号</strong>，你应该注意。</p>
<p>如果你喜欢与管理层一起购买股票，那么你可能会喜欢这个 <strong>免费的</strong> 公司名单。（提示：其中许多公司不被关注，并且具有吸引力的估值）。</p>
<p><em>请注意，本文中引用的市场回报反映了目前在德国交易所交易的股票的市场加权平均回报。</em></p>

<p>尽管每股收益（EPS）在过去一年中下降了 30%，但对 DEUTZ（ETR:DEZ）的乐观情绪有所增加。股价在一年内上涨了 122%，并在过去三十天内上涨了 13%，已经翻了一番多。过去一年 DEUTZ 的总股东回报率（TSR）为 127%，得益于分红。7.9% 的收入增长可能吸引投资者，显示出潜在的业务动能。然而，由于发现了一个警示信号，建议保持谨慎</p>

<p>Unfortunately, investing is risky - companies can and do go bankrupt. But when you pick a company that is really flourishing, you can <em>make</em> more than 100%. For example, the <strong>DEUTZ Aktiengesellschaft</strong> (ETR:DEZ) share price had more than doubled in just one year - up 122%. In more good news, the share price has risen 13% in thirty days. Also impressive, the stock is up 104% over three years, making long term shareholders happy, too.</p>
<div class="lb-trans"><p>不幸的是，投资是有风险的——公司可能会破产。但当你选择一家真正繁荣的公司时，你可以获得超过 100% 的收益。例如，<strong>DEUTZ Aktiengesellschaft</strong>（ETR:DEZ）的股价在短短一年内翻了一番，增长了 122%。更好的消息是，股价在三十天内上涨了 13%。同样令人印象深刻的是，三年来该股票上涨了 104%，这也让长期股东感到满意。</p>
</div><p>After a strong gain in the past week, it's worth seeing if longer term returns have been driven by improving fundamentals.</p>
<div class="lb-trans"><p>在过去一周强劲上涨之后，值得看看长期回报是否是由基本面改善驱动的。</p>
</div><p>AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early.</p>
<div class="lb-trans"><p>人工智能即将改变医疗保健。这 20 只股票正在从早期诊断到药物发现等各个方面进行工作。最棒的是——它们的市值都在 100 亿美元以下——现在仍然有机会提前布局。</p>
</div><p>In his essay <em>The Superinvestors of Graham-and-Doddsville</em> Warren Buffett described how share prices do not always rationally reflect the value of a business. One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS).</p>
<div class="lb-trans"><p>在他的文章《格雷厄姆与多德斯维尔的超级投资者》中，沃伦·巴菲特描述了股价并不总是理性地反映企业价值的情况。检查市场情绪如何随时间变化的一种方法是观察公司股价与每股收益（EPS）之间的互动。</p>
</div><p>Over the last twelve months, DEUTZ actually shrank its EPS by 30%.</p>
<div class="lb-trans"><p>在过去的十二个月里，DEUTZ 的每股收益实际上下降了 30%。</p>
</div><p>Given the share price gain, we doubt the market is measuring progress with EPS. Since the change in EPS doesn't seem to correlate with the change in share price, it's worth taking a look at other metrics.</p>
<div class="lb-trans"><p>鉴于股价的上涨，我们怀疑市场是否在用每股收益来衡量进展。由于每股收益的变化似乎与股价的变化没有相关性，因此值得关注其他指标。</p>
</div><p>We doubt the modest 1.9% dividend yield is doing much to support the share price. We think that the revenue growth of 7.9% could have some investors interested. Many businesses do go through a phase where they have to forgo some profits to drive business development, and sometimes its for the best.</p>
<div class="lb-trans"><p>我们怀疑 1.9% 的股息收益率对支撑股价的作用不大。我们认为 7.9% 的收入增长可能会引起一些投资者的兴趣。许多企业确实会经历一个阶段，在此阶段它们必须放弃一些利润以推动业务发展，有时这是为了更好的未来。</p>
</div><p>The graphic below depicts how earnings and revenue have changed over time (unveil the exact values by clicking on the image).</p>
<div class="lb-trans"><p>下图展示了收益和收入随时间的变化（点击图片可揭示确切数值）。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/618582-earnings-and-revenue-growth-1-dark-2/1767672351116" alt="" original-src="https://images.simplywall.st/asset/chart/618582-earnings-and-revenue-growth-1-dark-2/1767672351116"/></p>
<p>XTRA:DEZ Earnings and Revenue Growth January 6th 2026</p>
<div class="lb-trans"><p>XTRA:DEZ 收益和收入增长 2026 年 1 月 6 日</p>
</div><p>You can see how its balance sheet has strengthened (or weakened) over time in this <strong>free</strong> interactive graphic.</p>
<div class="lb-trans"><p>你可以在这个 <strong>免费的</strong> 互动图形中看到其资产负债表如何随时间增强（或减弱）。</p>
</div><h2>What About Dividends?</h2>
<div class="lb-trans"><h2>股息情况如何？</h2>
</div><p>As well as measuring the share price return, investors should also consider the total shareholder return (TSR). The TSR incorporates the value of any spin-offs or discounted capital raisings, along with any dividends, based on the assumption that the dividends are reinvested. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. We note that for DEUTZ the TSR over the last 1 year was 127%, which is better than the share price return mentioned above. The dividends paid by the company have thusly boosted the <em>total</em> shareholder return.</p>
<div class="lb-trans"><p>除了衡量股价回报外，投资者还应考虑总股东回报（TSR）。TSR 包含任何分拆或折扣融资的价值，以及任何股息，假设股息被再投资。可以公平地说，TSR 为支付股息的股票提供了更完整的图景。我们注意到，DEUTZ 在过去一年中的 TSR 为 127%，这比上述提到的股价回报要好。因此，公司支付的股息提升了_总_股东回报。</p>
</div><h2>A Different Perspective</h2>
<div class="lb-trans"><h2>不同的视角</h2>
</div><p>We're pleased to report that DEUTZ shareholders have received a total shareholder return of 127% over one year. That's including the dividend. That gain is better than the annual TSR over five years, which is 14%. Therefore it seems like sentiment around the company has been positive lately. In the best case scenario, this may hint at some real business momentum, implying that now could be a great time to delve deeper. It's always interesting to track share price performance over the longer term. But to understand DEUTZ better, we need to consider many other factors. For instance, we've identified <strong>1 warning sign for DEUTZ</strong> that you should be aware of.</p>
<div class="lb-trans"><p>我们很高兴地报告，DEUTZ 的股东在一年内获得了 127% 的总股东回报。这包括股息。这一增幅好于五年的年均 TSR，后者为 14%。因此，最近对公司的情绪似乎是积极的。在最佳情况下，这可能暗示着一些真正的业务动能，这意味着现在可能是深入研究的好时机。长期跟踪股价表现总是很有趣。但要更好地理解 DEUTZ，我们需要考虑许多其他因素。例如，我们已经识别出 <strong>DEUTZ 的一个警示信号</strong>，你应该注意。</p>
</div><p>If you like to buy stocks alongside management, then you might just love this <strong>free</strong> list of companies. (Hint: many of them are unnoticed AND have attractive valuation).</p>
<div class="lb-trans"><p>如果你喜欢与管理层一起购买股票，那么你可能会喜欢这个 <strong>免费的</strong> 公司名单。（提示：其中许多公司不被关注，并且具有吸引力的估值）。</p>
</div><p><em>Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on German exchanges.</em></p>
<div class="lb-trans"><p><em>请注意，本文中引用的市场回报反映了目前在德国交易所交易的股票的市场加权平均回报。</em></p>
</div>

尽管 DEUTZ (ETR:DEZ) 在过去一年中收益下降，但本周市场对其的乐观情绪有所增加