China Resources Medical Holdings (HKG:1515) Sheds HK$726m, Company Earnings and Investor Returns Have Been Trending Downwards for Past Year
China Resources Medical Holdings (HKG:1515) Sheds HK$726m, Company Earnings and Investor Returns Have Been Trending Downwards for Past Year
Passive investing in an index fund is a good way to ensure your own returns roughly match the overall market. While individual stocks can be big winners, plenty more fail to generate satisfactory returns. That downside risk was realized by China Resources Medical Holdings Company Limited (HKG:1515) shareholders over the last year, as the share price declined 49%. That falls noticeably short of the market decline of around 10%. Even if you look out three years, the returns are still disappointing, with the share price down42% in that time. Shareholders have had an even rougher run lately, with the share price down 15% in the last 90 days.
被动投资指数基金是确保自己的回报与整个市场大致相匹配的好方法。尽管个股可以成为大赢家,但更多股票无法产生令人满意的回报。去年,由于股价下跌了49%,华润医疗控股有限公司(HKG: 1515)的股东意识到了这种下行风险。这明显低于市场10%左右的跌幅。即使展望三年,回报仍然令人失望,当时股价下跌了42%。股东们最近的表现更加艰难,股价在过去90天中下跌了15%。
If the past week is anything to go by, investor sentiment for China Resources Medical Holdings isn't positive, so let's see if there's a mismatch between fundamentals and the share price.
如果说过去一周有意义的话,投资者对华润医疗控股的情绪并不乐观,所以让我们看看基本面和股价之间是否存在不匹配的情况。
There is no denying that markets are sometimes efficient, but prices do not always reflect underlying business performance. One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price.
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。评估公司情绪变化的一种有缺陷但合理的方法是将每股收益(EPS)与股价进行比较。
Unfortunately China Resources Medical Holdings reported an EPS drop of 37% for the last year. This reduction in EPS is not as bad as the 49% share price fall. So it seems the market was too confident about the business, a year ago.
不幸的是,华润医疗控股报告称,去年每股收益下降了37%。每股收益的下降没有股价下跌49%那么糟糕。因此,一年前,市场似乎对该业务过于自信。
The graphic below depicts how EPS has changed over time (unveil the exact values by clicking on the image).
下图描述了 EPS 随着时间的推移是如何变化的(点击图片可以看到确切的值)。
![earnings-per-share-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240309/0-58dac8aca99fc047239ff6297468d600-0-ab3e8c490b922c8bdceed778f77b6a47.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。
A Different Perspective
不同的视角
We regret to report that China Resources Medical Holdings shareholders are down 49% for the year (even including dividends). Unfortunately, that's worse than the broader market decline of 10%. However, it could simply be that the share price has been impacted by broader market jitters. It might be worth keeping an eye on the fundamentals, in case there's a good opportunity. Regrettably, last year's performance caps off a bad run, with the shareholders facing a total loss of 5% per year over five years. We realise that Baron Rothschild has said investors should "buy when there is blood on the streets", but we caution that investors should first be sure they are buying a high quality business. I find it very interesting to look at share price over the long term as a proxy for business performance. But to truly gain insight, we need to consider other information, too. For instance, we've identified 1 warning sign for China Resources Medical Holdings that you should be aware of.
我们遗憾地报告,华润医疗控股的股东今年下跌了49%(甚至包括股息)。不幸的是,这比整个市场10%的跌幅还要严重。但是,可能只是股价受到了更广泛的市场紧张情绪的影响。如果有很好的机会,可能值得关注基本面。遗憾的是,去年的业绩结束了糟糕的表现,股东在五年内每年面临5%的总亏损。我们意识到罗斯柴尔德男爵曾说过,投资者应该 “在街头流血时买入”,但我们警告说,投资者应首先确保他们购买的是高质量的企业。我发现将长期股价视为业务绩效的代表非常有趣。但是,要真正获得见解,我们还需要考虑其他信息。例如,我们已经确定了华润医疗控股的一个警告信号,你应该注意这一点。
If you like to buy stocks alongside management, then you might just love this free list of companies. (Hint: insiders have been buying them).
如果你想与管理层一起购买股票,那么你可能会喜欢这份免费的公司名单。(提示:业内人士一直在购买它们)。
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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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
对这篇文章有反馈吗?对内容感到担忧?直接联系我们。 或者,给编辑团队 (at) simplywallst.com 发送电子邮件。
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。