Eastern Communications (SHSE:600776) Sheds 11% This Week, as Yearly Returns Fall More in Line With Earnings Growth
Eastern Communications (SHSE:600776) Sheds 11% This Week, as Yearly Returns Fall More in Line With Earnings Growth
It's been a soft week for Eastern Communications Co., Ltd. (SHSE:600776) shares, which are down 11%. But that doesn't change the fact that the returns over the last five years have been very strong. In fact, the share price is 157% higher today. We think it's more important to dwell on the long term returns than the short term returns. The more important question is whether the stock is too cheap or too expensive today.
这是疲软的一周东方通信股份有限公司。(上海证券交易所:600776)股价下跌11%。但这并不能改变过去五年回报非常强劲的事实。事实上,今天的股价上涨了157%。我们认为,关注长期回报比关注短期回报更重要。更重要的问题是,目前这只股票是太便宜还是太贵。
In light of the stock dropping 11% in the past week, we want to investigate the longer term story, and see if fundamentals have been the driver of the company's positive five-year return.
鉴于该公司股价在过去一周下跌了11%,我们希望调查更长期的情况,看看基本面因素是否是该公司五年来正回报的驱动因素。
See our latest analysis for Eastern Communications
查看我们对东方通信的最新分析
To paraphrase Benjamin Graham: Over the short term the market is a voting machine, but over the long term it's a weighing machine. 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.
本杰明·格雷厄姆(Benjamin Graham)的原话是:短期内,市场是一台投票机,但从长远来看,它是一台称重机。通过比较每股收益(EPS)和股价随时间的变化,我们可以感受到投资者对一家公司的态度随着时间的推移发生了怎样的变化。
Over half a decade, Eastern Communications managed to grow its earnings per share at 3.5% a year. This EPS growth is slower than the share price growth of 21% per year, over the same period. This suggests that market participants hold the company in higher regard, these days. And that's hardly shocking given the track record of growth. This optimism is visible in its fairly high P/E ratio of 116.03.
在过去的五年里,东方通信的每股收益以每年3.5%的速度增长。这一每股收益的增长慢于同期股价每年21%的增长。这表明,这些天来,市场参与者对该公司的评价更高。考虑到增长的记录,这并不令人震惊。这种乐观情绪从其116.03的相当高的市盈率中可见一斑。
The image below shows how EPS has tracked over time (if you click on the image you can see greater detail).
下图显示了EPS是如何随着时间的推移进行跟踪的(如果您点击该图像,您可以看到更多详细信息)。
![earnings-per-share-growth](https://usnewsfile.moomoo.com/pic/0-beae33a2a79c6410f1d22c1f9fe5a943-0-fe20e2c861ba0e96b0a136ea7935d0c4.png/big)
Dive deeper into Eastern Communications' key metrics by checking this interactive graph of Eastern Communications's earnings, revenue and cash flow.
通过查看这张东方通信的收益、收入和现金流的互动图表,更深入地了解东方通信的关键指标。
What About Dividends?
那股息呢?
As well as measuring the share price return, investors should also consider the total shareholder return (TSR). 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. We note that for Eastern Communications the TSR over the last 5 years was 165%, which is better than the share price return mentioned above. The dividends paid by the company have thusly boosted the total shareholder return.
除了衡量股价回报外,投资者还应考虑总股东回报(TSR)。TSR是一种回报计算,计入了现金股息的价值(假设收到的任何股息都进行了再投资),以及任何贴现融资和剥离的计算价值。可以说,TSR更全面地描绘了一只股票产生的回报。我们注意到,东方通信过去5年的TSR为165%,优于上文提到的股价回报率。该公司支付的股息因此提振了总计股东回报。
A Different Perspective
不同的视角
It's good to see that Eastern Communications has rewarded shareholders with a total shareholder return of 31% in the last twelve months. That's including the dividend. Since the one-year TSR is better than the five-year TSR (the latter coming in at 21% per year), it would seem that the stock's performance has improved in recent times. In the best case scenario, this may hint at some real business momentum, implying that now could be a great time to delve deeper. While it is well worth considering the different impacts that market conditions can have on the share price, there are other factors that are even more important. To that end, you should be aware of the 1 warning sign we've spotted with Eastern Communications .
很高兴看到东方通信在过去12个月里为股东带来了31%的总回报。这还包括股息。由于一年期的TSR好于五年期的TSR(后者的年收益率为21%),看起来该股的表现在最近有所改善。在最好的情况下,这可能暗示着一些真正的商业势头,意味着现在可能是深入研究的好时机。虽然值得考虑市场状况对股价可能产生的不同影响,但还有其他更重要的因素。为此,您应该意识到1个警告标志我们发现了东方通信公司。
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of companies that have proven they can grow earnings.
如果你更愿意看看另一家公司--一家财务状况可能更好的公司--那么不要错过这一点免费已证明自己能够实现盈利增长的公司名单。
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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本文由Simply Wall St.撰写,具有概括性。我们仅使用不偏不倚的方法提供基于历史数据和分析师预测的评论,我们的文章并不打算作为财务建议。它不构成买卖任何股票的建议,也没有考虑你的目标或你的财务状况。我们的目标是为您带来由基本面数据驱动的长期重点分析。请注意,我们的分析可能不会将最新的对价格敏感的公司公告或定性材料考虑在内。Simply Wall St.对上述任何一只股票都没有持仓。