Qingdao Citymedia Co (SHSE:600229) Jumps 7.7% This Week, Though Earnings Growth Is Still Tracking Behind Three-year Shareholder Returns
Qingdao Citymedia Co (SHSE:600229) Jumps 7.7% This Week, Though Earnings Growth Is Still Tracking Behind Three-year Shareholder Returns
One simple way to benefit from the stock market is to buy an index fund. But if you buy good businesses at attractive prices, your portfolio returns could exceed the average market return. For example, the Qingdao Citymedia Co,. Ltd. (SHSE:600229) share price is up 20% in the last three years, clearly besting the market decline of around 23% (not including dividends). On the other hand, the returns haven't been quite so good recently, with shareholders up just 12% , including dividends .
从股票市场中获益的一种简单方法是购买指数基金。但是,如果你以诱人的价格收购优秀的企业,你的投资组合回报率可能会超过平均市场回报。例如,青岛城市媒体有限公司有限公司(上海证券交易所代码:600229)的股价在过去三年中上涨了20%,明显超过了市场约23%的跌幅(不包括股息)。另一方面,最近的回报并不那么好,股东仅上涨了12%,包括股息。
After a strong gain in the past week, it's worth seeing if longer term returns have been driven by improving fundamentals.
在过去一周强劲上涨之后,值得一看的是长期回报是否是由基本面改善推动的。
See our latest analysis for Qingdao Citymedia Co
查看我们对青岛城市媒体公司的最新分析
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.
用本杰明·格雷厄姆的话来说:从短期来看,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)和股价随时间推移的变化,我们可以了解投资者对公司的态度如何随着时间的推移而变化。
Qingdao Citymedia Co was able to grow its EPS at 2.6% per year over three years, sending the share price higher. This EPS growth is lower than the 6% average annual increase in the share price. This indicates that the market is feeling more optimistic on the stock, after the last few years of progress. It's not unusual to see the market 're-rate' a stock, after a few years of growth.
青岛城市媒体公司得以在三年内将其每股收益增长2.6%,这推动了股价的上涨。每股收益的增长低于股价年均增长6%。这表明,在过去几年的进展之后,市场对该股感到更加乐观。在经历了几年的增长之后,市场对股票进行 “重新评级” 的情况并不少见。
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发生的变化(点击图片发现确切的数值)。
![earnings-per-share-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240104/0-9bd80eeaa263ac8cecb60e8242c267d7-0-67e6b530c1388d7de3427fdedaa6c59f.png/big)
It's probably worth noting that the CEO is paid less than the median at similar sized companies. But while CEO remuneration is always worth checking, the really important question is whether the company can grow earnings going forward. This free interactive report on Qingdao Citymedia Co's earnings, revenue and cash flow is a great place to start, if you want to investigate the stock further.
可能值得注意的是,首席执行官的薪水低于类似规模公司的中位数。但是,尽管首席执行官的薪酬总是值得检查的,但真正重要的问题是公司未来能否增加收益。如果你想进一步调查该股,这份关于青岛城市媒体公司收益、收入和现金流的免费互动报告是一个很好的起点。
What About Dividends?
那股息呢?
When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. 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. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. As it happens, Qingdao Citymedia Co's TSR for the last 3 years was 29%, which exceeds the share price return mentioned earlier. And there's no prize for guessing that the dividend payments largely explain the divergence!
在考虑投资回报时,重要的是要考虑两者之间的区别 股东总回报率 (TSR) 和 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都经过再投资)以及任何贴现资本筹集和分拆的计算价值。可以公平地说,股东总回报率为支付股息的股票提供了更完整的画面。碰巧的是,青岛城市媒体公司过去3年的股东总回报率为29%,超过了前面提到的股价回报率。而且,猜测股息支付在很大程度上解释了这种分歧是没有好处的!
A Different Perspective
不同的视角
It's good to see that Qingdao Citymedia Co has rewarded shareholders with a total shareholder return of 12% in the last twelve months. Of course, that includes the dividend. Since the one-year TSR is better than the five-year TSR (the latter coming in at 5% per year), it would seem that the stock's performance has improved in recent times. Someone with an optimistic perspective could view the recent improvement in TSR as indicating that the business itself is getting better with time. It's always interesting to track share price performance over the longer term. But to understand Qingdao Citymedia Co better, we need to consider many other factors. For instance, we've identified 2 warning signs for Qingdao Citymedia Co that you should be aware of.
很高兴看到青岛城市媒体公司在过去十二个月中向股东提供了12%的总股东回报率。当然,这包括股息。由于一年期股东总回报率好于五年期股东总回报率(后者为每年5%),因此该股的表现似乎在最近有所改善。持乐观态度的人可能会将最近股东总回报率的改善视为业务本身随着时间的推移而变得更好。长期跟踪股价表现总是很有意思的。但是,要更好地了解青岛城市媒体有限公司,我们需要考虑许多其他因素。例如,我们已经为青岛城市媒体有限公司确定了两个警示标志,你应该注意这些标志。
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 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率。
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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提供基于历史数据和分析师预测的评论,我们的文章并非旨在提供财务建议。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,我们的分析可能不会考虑最新的价格敏感型公司公告或定性材料。华尔街只是没有持有上述任何股票的头寸。