Jiangsu Broadcasting Cable Information Network (SHSE:600959) Earnings and Shareholder Returns Have Been Trending Downwards for the Last Five Years, but the Stock Grows 4.0% This Past Week
Jiangsu Broadcasting Cable Information Network (SHSE:600959) Earnings and Shareholder Returns Have Been Trending Downwards for the Last Five Years, but the Stock Grows 4.0% This Past Week
Jiangsu Broadcasting Cable Information Network Corporation Limited (SHSE:600959) shareholders should be happy to see the share price up 13% in the last month. But over the last half decade, the stock has not performed well. You would have done a lot better buying an index fund, since the stock has dropped 31% in that half decade.
江苏广播有线信息网络股份有限公司(SHSE:600959)的股东应该很高兴看到股价在上个月上涨13%。但是在过去的五年中,该股表现不佳。买入指数基金要好得多,因为该股在那五年中下跌了31%。
Although the past week has been more reassuring for shareholders, they're still in the red over the last five years, so let's see if the underlying business has been responsible for the decline.
尽管过去一周令股东更加放心,但在过去五年中,他们仍处于亏损状态,所以让我们看看基础业务是否是造成下降的原因。
See our latest analysis for Jiangsu Broadcasting Cable Information Network
查看我们对江苏广播有线信息网的最新分析
There is no denying that markets are sometimes efficient, but prices do not always reflect 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.
不可否认,市场有时是有效的,但价格并不总是能反映潜在的业务表现。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。
Looking back five years, both Jiangsu Broadcasting Cable Information Network's share price and EPS declined; the latter at a rate of 15% per year. The share price decline of 7% per year isn't as bad as the EPS decline. So the market may previously have expected a drop, or else it expects the situation will improve. The high P/E ratio of 49.75 suggests that shareholders believe earnings will grow in the years ahead.
回顾五年,江苏广播有线信息网的股价和每股收益均出现下滑;后者以每年 15% 的速度下降。每年 7% 的股价下跌并不像每股收益的下降那么严重。因此,市场此前可能预计会下跌,否则预计情况会有所改善。49.75的高市盈率表明,股东们认为未来几年收益将增长。
You can see below how EPS has changed over time (discover the exact values by clicking on the image).
你可以在下面看到 EPS 是如何随着时间的推移而变化的(点击图片发现确切的值)。
![earnings-per-share-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20231123/0-f36d0b8154bf87bd9e8d52d58becb2a7-0-f4566fa68389e847f666012aebbe2cf8.png/big)
Before buying or selling a stock, we always recommend a close examination of historic growth trends, available here.
在买入或卖出股票之前,我们始终建议仔细研究历史增长趋势,可在此处查阅。
What About Dividends?
分红呢?
It is important to consider the total shareholder return, as well as the share price return, for any given stock. 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. In the case of Jiangsu Broadcasting Cable Information Network, it has a TSR of -27% for the last 5 years. That exceeds its share price return that we previously mentioned. And there's no prize for guessing that the dividend payments largely explain the divergence!
重要的是要考虑任何给定股票的股东总回报率以及股价回报。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已被再投资)以及任何贴现资本筹集和分拆的计算价值。可以说,股东总回报率可以更全面地描述股票产生的回报。就江苏广播有线信息网而言,其过去5年的股东总回报率为-27%。这超过了我们之前提到的股价回报率。而且,猜测股息支付在很大程度上解释了这种差异是没有好处的!
A Different Perspective
不同的视角
It's good to see that Jiangsu Broadcasting Cable Information Network has rewarded shareholders with a total shareholder return of 11% in the last twelve months. That's including the dividend. Notably the five-year annualised TSR loss of 5% per year compares very unfavourably with the recent share price performance. We generally put more weight on the long term performance over the short term, but the recent improvement could hint at a (positive) inflection point within the business. It's always interesting to track share price performance over the longer term. But to understand Jiangsu Broadcasting Cable Information Network better, we need to consider many other factors. For instance, we've identified 3 warning signs for Jiangsu Broadcasting Cable Information Network (1 makes us a bit uncomfortable) that you should be aware of.
很高兴看到江苏广播有线信息网在过去十二个月中向股东提供了11%的股东总回报率。这包括股息。值得注意的是,五年期年化股东总回报率每年亏损5%,与最近的股价表现相比非常不利。我们通常更看重短期内的长期业绩,但最近的改善可能暗示业务将出现(积极的)转折点。从长远来看,追踪股价表现总是很有意思的。但是,要更好地了解江苏广播有线信息网,我们需要考虑许多其他因素。例如,我们已经为江苏广播有线电视信息网确定了3个警告标志(其中一个让我们有点不舒服),你应该注意这些警告。
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.
如果你想看看另一家公司——一家财务状况可能优异的公司——那么千万不要错过这份已经证明自己可以增加收益的公司的免费名单。
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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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。