Despite the Downward Trend in Earnings at People.cn (SHSE:603000) the Stock Ascends 4.4%, Bringing Three-year Gains to 55%
Despite the Downward Trend in Earnings at People.cn (SHSE:603000) the Stock Ascends 4.4%, Bringing Three-year Gains to 55%
While People.cn CO., LTD (SHSE:603000) shareholders are probably generally happy, the stock hasn't had particularly good run recently, with the share price falling 18% in the last quarter. But don't let that distract from the very nice return generated over three years. In the last three years the share price is up, 51%: better than the market.
虽然People.cn股东(SHSE:603000)可能总体上感到高兴,但股票最近表现不佳,上个季度股价下跌了18%。但不要让这分散你对过去三年中所获得的良好回报的注意力。在过去的三年中,股价上涨了51%:超过市场。
Since the stock has added CN¥940m to its market cap in the past week alone, let's see if underlying performance has been driving long-term returns.
自上周以来,该股票市值已经增加了CN¥94000万,让我们看看公司表现是否推动了长期回报。
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.
市场有时候是有效的,但价格并不总是反映公司的基本业务表现。通过比较每股收益和股价变化,我们可以了解投资者对公司的看法如何随着时间变化而变化。
Over the last three years, People.cn failed to grow earnings per share, which fell 5.4% (annualized).
在过去的三年中,People.cn未能增长每股收益,下降了5.4%(年化)。
Thus, it seems unlikely that the market is focussed on EPS growth at the moment. Since the change in EPS doesn't seem to correlate with the change in share price, it's worth taking a look at other metrics.
因此,目前市场似乎不太关注EPS增长。由于EPS的变化似乎与股价的变化无关,因此值得关注其他指标。
The modest 0.8% dividend yield is unlikely to be propping up the share price. You can only imagine how long term shareholders feel about the declining revenue trend (slipping at 2.4% per year). The only thing that's clear is there is low correlation between People.cn's share price and its historic fundamental data. Further research may be required!
微不足道的0.8%股息收益率不可能支撑股价。您可以想象长期股东对收入下降趋势(每年下降2.4%)的感受。唯一清晰的是,People.cn股票价格与其历史基本数据之间的相关性较低,可能需要进一步研究!
You can see how earnings and revenue have changed over time in the image below (click on the chart to see the exact values).
你可以在下面的图片中看到收入和营业收入随时间的变化情况(单击图表可查看精确值)。
![big](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240723/0-1500d0b6f3bb5d95d2f76d91f8b04fbb-0-1bb3240b53951dacc28c0193512b377d.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. It might be well worthwhile taking a look at our free report on People.cn's earnings, revenue and cash flow.
值得注意的是,CEO的薪酬低于同等规模公司的中位数。但虽然总裁的薪酬值得检查,但真正重要的问题是公司未来是否能够增长收益。值得一提的是,了解People.cn的收益、营业收入和现金流的免费报告可能是非常值得的。
What About Dividends?
那么分红怎么样呢?
As well as measuring the share price return, investors should also consider the total shareholder return (TSR). 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. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. We note that for People.cn the TSR over the last 3 years was 55%, which is better than the share price return mentioned above. The dividends paid by the company have thusly boosted the total shareholder return.
投资者除了测量股价回报率外,还应考虑到总股东回报率(TSR)。股价回报率仅反映股价变化,TSR包括股息的价值(假设它们已被再投资)以及任何折价筹资或分拆带来的收益。可以说TSR为支付股息的股票提供了更完整的图片。我们注意到,对于People.cn,过去3年的TSR为55%,优于上面提到的股价回报率。公司支付的股息已经提高了投资者的总回报。
A Different Perspective
不同的观点
While the broader market lost about 15% in the twelve months, People.cn shareholders did even worse, losing 33% (even including dividends). Having said that, it's inevitable that some stocks will be oversold in a falling market. The key is to keep your eyes on the fundamental developments. Longer term investors wouldn't be so upset, since they would have made 5%, each year, over five years. It could be that the recent sell-off is an opportunity, so it may be worth checking the fundamental data for signs of a long term growth trend. It's always interesting to track share price performance over the longer term. But to understand People.cn better, we need to consider many other factors. Take risks, for example - People.cn has 2 warning signs (and 1 which is a bit concerning) we think you should know about.
尽管整个市场在过去12个月损失了约15%,但People.cn的股东表现得更差,损失了33%(包括股息)。话虽如此,在下跌的市场中一些股票被过度抛售是不可避免的。关键是要关注基本面趋势。长期投资者不会那么烦恼,因为他们在5年内每年赚取了5%。近期的抛售可能是一个机会,因此可能值得检查基本数据,以寻找长期增长趋势的迹象。跟踪股票的长期表现总是很有趣的,但要更好地了解People.cn,我们需要考虑许多其他因素。例如,股票风险 - People.cn存在2个警示信号(其中1个有点令人担忧),我们认为您应该了解。
If you like to buy stocks alongside management, then you might just love this free list of companies. (Hint: many of them are unnoticed AND have attractive valuation).
如果您喜欢与管理层一起购买股票,那么您可能会喜欢这个公司的免费列表。 (提示:其中许多公司不为人注意且具有吸引力的估值。)
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上市的股票的市场加权平均回报。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.
对本文有任何反馈?对内容有任何疑虑?请直接与我们联系。或者,发送电子邮件至editorial-team@simplywallst.com。
这篇文章是Simply Wall St的一般性文章。我们根据历史数据和分析师预测提供评论,只使用公正的方法论,我们的文章并不意味着提供任何金融建议。文章不构成买卖任何股票的建议,也不考虑您的目标或您的财务状况。我们的目标是带给您基本数据驱动的长期关注分析。请注意,我们的分析可能不考虑最新的价格敏感公司公告或定性材料。Simply Wall St没有任何股票头寸。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
对本文有任何反馈?对内容有任何疑虑?请直接与我们联系。或者,发送电子邮件至editorial-team@simplywallst.com。