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Midea Real Estate Holding's (HKG:3990) Earnings Have Declined Over Five Years, Contributing to Shareholders 70% Loss

Midea Real Estate Holding's (HKG:3990) Earnings Have Declined Over Five Years, Contributing to Shareholders 70% Loss

美的房地产控股(HKG:3990)的收入在过去五年中下降,导致股东损失了70%
Simply Wall St ·  11/07 20:46

We're definitely into long term investing, but some companies are simply bad investments over any time frame. It hits us in the gut when we see fellow investors suffer a loss. For example, we sympathize with anyone who was caught holding Midea Real Estate Holding Limited (HKG:3990) during the five years that saw its share price drop a whopping 81%. And some of the more recent buyers are probably worried, too, with the stock falling 40% in the last year. The falls have accelerated recently, with the share price down 46% in the last three months. We really feel for shareholders in this scenario. It's a good reminder of the importance of diversification, and it's worth keeping in mind there's more to life than money, anyway.

我们肯定在进行长期投资,但有些公司在任何时间段内都只是不良投资。当我们看到其他投资者遭受损失时,这让我们大吃一惊。例如,我们对任何在股价暴跌81%的五年中被抓获持有美的房地产控股有限公司(HKG: 3990)的人表示同情。一些最近的买家可能也感到担忧,该股去年下跌了40%。最近跌势加速,股价在过去三个月中下跌了46%。在这种情况下,我们真的对股东有同感。这很好地提醒了多元化的重要性,无论如何,值得记住的是,生活中存在的不仅仅是金钱。

The recent uptick of 8.7% could be a positive sign of things to come, so let's take a look at historical fundamentals.

最近上涨8.7%可能是即将发生的事情的积极信号,因此让我们来看一下历史基本面。

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.

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。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。

During the five years over which the share price declined, Midea Real Estate Holding's earnings per share (EPS) dropped by 35% each year. The share price decline of 29% per year isn't as bad as the EPS decline. So the market may previously have expected a drop, or else it expects the situation will improve.

在股价下跌的五年中,美的房地产控股的每股收益(EPS)每年下降35%。股价每年下跌29%,没有每股收益的下降那么严重。因此,市场此前可能曾预计会下跌,否则预计情况会有所改善。

The image below shows how EPS has tracked over time (if you click on the image you can see greater detail).

下图显示了 EPS 在一段时间内的跟踪情况(如果你点击图片,你可以看到更多细节)。

big
SEHK:3990 Earnings Per Share Growth November 8th 2024
SEHK: 3990 每股收益增长 2024 年 11 月 8 日

It's good to see that there was some significant insider buying in the last three months. That's a positive. On the other hand, we think the revenue and earnings trends are much more meaningful measures of the business. It might be well worthwhile taking a look at our free report on Midea Real Estate Holding's earnings, revenue and cash flow.

很高兴看到在过去三个月中出现了一些大规模的内幕买盘。这是积极的。另一方面,我们认为收入和收益趋势是衡量业务的更有意义的指标。可能值得一看我们关于美的房地产控股收益、收入和现金流的免费报告。

What About Dividends?

那股息呢?

It is important to consider the total shareholder return, as well as the share price return, for any given stock. The TSR incorporates the value of any spin-offs or discounted capital raisings, along with any dividends, based on the assumption that the dividends are reinvested. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. In the case of Midea Real Estate Holding, it has a TSR of -70% for the last 5 years. That exceeds its share price return that we previously mentioned. The dividends paid by the company have thusly boosted the total shareholder return.

重要的是要考虑任何给定股票的股东总回报率和股价回报率。股东总回报率包含任何分拆或贴现资本筹集的价值,以及任何股息,前提是股息是再投资的。因此,对于支付丰厚股息的公司来说,股东总回报率通常远高于股价回报率。就美的房地产控股而言,其过去5年的股东回报率为-70%。这超过了我们之前提到的其股价回报率。因此,公司支付的股息提高了股东的总回报率。

A Different Perspective

不同的视角

Investors in Midea Real Estate Holding had a tough year, with a total loss of 35% (including dividends), against a market gain of about 22%. Even the share prices of good stocks drop sometimes, but we want to see improvements in the fundamental metrics of a business, before getting too interested. Unfortunately, last year's performance may indicate unresolved challenges, given that it was worse than the annualised loss of 11% over the last half decade. Generally speaking long term share price weakness can be a bad sign, though contrarian investors might want to research the stock in hope of a turnaround. It's always interesting to track share price performance over the longer term. But to understand Midea Real Estate Holding better, we need to consider many other factors. To that end, you should learn about the 5 warning signs we've spotted with Midea Real Estate Holding (including 3 which shouldn't be ignored) .

美的房地产控股的投资者经历了艰难的一年,总亏损了35%(包括股息),而市场涨幅约为22%。即使是优质股票的股价有时也会下跌,但我们希望在过于感兴趣之前看到企业基本指标的改善。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11%的年化亏损还要糟糕。总的来说,长期股价疲软可能是一个坏兆头,尽管逆势投资者可能希望研究该股以期出现转机。长期跟踪股价表现总是很有意思的。但是,要更好地了解美的房地产控股,我们需要考虑许多其他因素。为此,你应该了解我们在美的房地产控股公司发现的5个警告信号(包括3个不容忽视的警告)。

Midea Real Estate Holding is not the only stock that insiders are buying. For those who like to find lesser know companies this free list of growing companies with recent insider purchasing, could be just the ticket.

美的房地产控股并不是内部人士唯一买入的股票。对于那些喜欢寻找知名度较低的公司的人来说,这份最近有内幕收购的成长型公司的免费清单可能只是入场券。

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率。

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.

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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。

声明:本内容仅用作提供资讯及教育之目的,不构成对任何特定投资或投资策略的推荐或认可。 更多信息
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