Zhongyu Energy Holdings (HKG:3633) Earnings and Shareholder Returns Have Been Trending Downwards for the Last Five Years, but the Stock Rises 3.1% This Past Week
Zhongyu Energy Holdings (HKG:3633) Earnings and Shareholder Returns Have Been Trending Downwards for the Last Five Years, but the Stock Rises 3.1% This Past Week
The main aim of stock picking is to find the market-beating stocks. But the main game is to find enough winners to more than offset the losers At this point some shareholders may be questioning their investment in Zhongyu Energy Holdings Limited (HKG:3633), since the last five years saw the share price fall 32%.
选股的主要目的是寻找市场领先的股票。但主要的游戏是找到足够的赢家来抵消输家。在这一点上,一些股东可能会质疑他们对中裕能源控股有限公司(HKG: 3633)的投资,因为过去五年股价下跌了32%。
The recent uptick of 3.1% could be a positive sign of things to come, so let's take a look at historical fundamentals.
最近3.1%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。
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。
Looking back five years, both Zhongyu Energy Holdings' share price and EPS declined; the latter at a rate of 18% per year. This fall in the EPS is worse than the 8% compound annual share price fall. The relatively muted share price reaction might be because the market expects the business to turn around. The high P/E ratio of 56.29 suggests that shareholders believe earnings will grow in the years ahead.
回顾五年,中裕能源控股的股价和每股收益均有所下降;后者每年下降18%。每股收益的下降比8%的复合年股价下跌还要严重。股价反应相对平淡,可能是因为市场预计业务将好转。56.29的高市盈率表明股东认为未来几年收益将增长。
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/7781/20240424/0-d2cb163cb438310b73e052b0600f3dd9-0-662e5174af4cf4099bd3bc708c612a4b.png/big)
We consider it positive that insiders have made significant purchases in the last year. Even so, future earnings will be far more important to whether current shareholders make money. Dive deeper into the earnings by checking this interactive graph of Zhongyu Energy Holdings' earnings, revenue and cash flow.
我们认为,内部人士在去年进行了大量收购,这是积极的。即便如此,未来的收益对于当前股东是否赚钱将更为重要。查看这张中裕能源控股收益、收入和现金流的互动图表,深入了解收益。
What About The Total Shareholder Return (TSR)?
那么股东总回报(TSR)呢?
Investors should note that there's a difference between Zhongyu Energy Holdings' total shareholder return (TSR) and its share price change, which we've covered above. Arguably the TSR is a more complete return calculation because it accounts for the value of dividends (as if they were reinvested), along with the hypothetical value of any discounted capital that have been offered to shareholders. Zhongyu Energy Holdings' TSR of was a loss of 28% for the 5 years. That wasn't as bad as its share price return, because it has paid dividends.
投资者应注意,中裕能源控股的股东总回报率(TSR)与其股价变动之间存在差异,我们在上面已经对此进行了介绍。可以说,股东总回报率是一种更完整的回报计算方法,因为它考虑了股息的价值(就好像是再投资一样),以及向股东提供的任何贴现资本的假设价值。中裕能源控股的股东总回报率在过去5年中亏损了28%。这还不如其股价回报率那么糟糕,因为它已经支付了股息。
A Different Perspective
不同的视角
We regret to report that Zhongyu Energy Holdings shareholders are down 14% for the year. Unfortunately, that's worse than the broader market decline of 9.2%. 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. Unfortunately, last year's performance may indicate unresolved challenges, given that it was worse than the annualised loss of 5% over the last half decade. 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. Case in point: We've spotted 2 warning signs for Zhongyu Energy Holdings you should be aware of.
我们遗憾地报告,中裕能源控股的股东今年下跌了14%。不幸的是,这比整个市场9.2%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。不幸的是,去年的表现可能预示着尚未解决的挑战,因为它比过去五年中5%的年化亏损还要糟糕。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。一个很好的例子:我们已经发现了中裕能源控股的两个警告信号,你应该注意。
Zhongyu Energy Holdings is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
中裕能源控股并不是内部人士唯一买入的股票。对于那些喜欢寻找获利投资的人来说,这份最近有内幕收购的成长型公司的免费清单可能就是入场券。
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。