HK Electric Investments and HK Electric Investments' (HKG:2638) Earnings Have Declined Over Five Years, Contributing to Shareholders 25% Loss
HK Electric Investments and HK Electric Investments' (HKG:2638) Earnings Have Declined Over Five Years, Contributing to Shareholders 25% Loss
For many, the main point of investing is to generate higher returns than the overall market. But every investor is virtually certain to have both over-performing and under-performing stocks. So we wouldn't blame long term HK Electric Investments and HK Electric Investments Limited (HKG:2638) shareholders for doubting their decision to hold, with the stock down 41% over a half decade.
对于许多人来说,投资的重点是产生比整个市场更高的回报。但是,几乎可以肯定的是,每个投资者都有表现超强和表现不佳的股票。因此,我们不会责怪港灯电力投资和港灯电力投资有限公司(HKG:2638)的长期股东怀疑他们的持股决定,该股在过去五年中下跌了41%。
The recent uptick of 4.3% could be a positive sign of things to come, so let's take a look at historical fundamentals.
最近4.3%的上涨可能是未来的积极信号,因此让我们来看看历史基本面。
See our latest analysis for HK Electric Investments and HK Electric Investments
查看我们对港灯电力投资和港灯电力投资的最新分析
In his essay The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not always rationally reflect the value of a business. 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.
在他的文章中 格雷厄姆和多兹维尔的超级投资者 沃伦·巴菲特描述了股价如何并不总是合理地反映企业的价值。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 HK Electric Investments and HK Electric Investments' share price and EPS declined; the latter at a rate of 1.7% per year. This reduction in EPS is less than the 10% annual reduction in the share price. This implies that the market is more cautious about the business these days.
回顾五年,港灯电力投资和港灯电力投资的股价和每股收益均下跌;后者每年下跌1.7%。每股收益的下降低于股价每年下降10%。这意味着如今市场对业务更加谨慎。
You can see how EPS has changed over time in the image below (click on the chart to see the exact values).
您可以在下图中看到 EPS 随时间推移的变化(点击图表查看确切值)。
![earnings-per-share-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20231215/0-02685a48776f44cdda69306a3f6785f6-0-165a7f98c3141cea9da77d1493844417.png/big)
Dive deeper into HK Electric Investments and HK Electric Investments' key metrics by checking this interactive graph of HK Electric Investments and HK Electric Investments's earnings, revenue and cash flow.
查看这张港灯电力投资和港灯电力投资的收益、收入和现金流的互动图表,深入了解港灯电力投资和港灯电力投资的关键指标。
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. Whereas the share price return only reflects the change in the share price, the TSR includes the value of dividends (assuming they were reinvested) and the benefit of any discounted capital raising or spin-off. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. We note that for HK Electric Investments and HK Electric Investments the TSR over the last 5 years was -25%, which is better than the share price return mentioned above. This is largely a result of its dividend payments!
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。股价回报仅反映股价的变化,而股东总回报率包括股息的价值(假设股息已被再投资)以及任何折扣融资或分拆的收益。可以说,股东总回报率可以更全面地描述股票产生的回报。我们注意到,港灯电力投资和港灯电力投资在过去5年的股东总回报率为-25%,好于上述股价回报率。这在很大程度上是其股息支付的结果!
A Different Perspective
不同的视角
Although it hurts that HK Electric Investments and HK Electric Investments returned a loss of 3.2% in the last twelve months, the broader market was actually worse, returning a loss of 11%. Of far more concern is the 5% p.a. loss served to shareholders over the last five years. While the losses are slowing we doubt many shareholders are happy with the stock. It's always interesting to track share price performance over the longer term. But to understand HK Electric Investments and HK Electric Investments better, we need to consider many other factors. Case in point: We've spotted 2 warning signs for HK Electric Investments and HK Electric Investments you should be aware of.
尽管港灯电力投资和港灯电力投资在过去十二个月中回报了3.2%的亏损令人痛心,但整体市场实际上表现更糟,亏损了11%。更令人担忧的是,在过去五年中,股东每年的亏损为5%。尽管亏损有所放缓,但我们怀疑许多股东是否对该股感到满意。从长远来看,追踪股价表现总是很有意思的。但是,要更好地了解港灯电力投资和港灯电力投资,我们需要考虑许多其他因素。一个很好的例子:我们发现了港灯电力投资和港灯电力投资的两个警告信号,你应该注意。
For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
对于那些喜欢寻找中奖投资的人来说,这份最近有内幕收购的成长型公司的免费名单可能只是门票。
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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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。