Jiangsu Broadcasting Cable Information Network (SHSE:600959) Earnings and Shareholder Returns Have Been Trending Downwards for the Last Five Years, but the Stock Grows 4.0% This Past Week
Jiangsu Broadcasting Cable Information Network (SHSE:600959) Earnings and Shareholder Returns Have Been Trending Downwards for the Last Five Years, but the Stock Grows 4.0% This Past Week
Jiangsu Broadcasting Cable Information Network Corporation Limited (SHSE:600959) shareholders should be happy to see the share price up 13% in the last month. But over the last half decade, the stock has not performed well. You would have done a lot better buying an index fund, since the stock has dropped 31% in that half decade.
江蘇廣播有線信息網絡股份有限公司(SHSE:600959)的股東應該很高興看到股價在上個月上漲13%。但是在過去的五年中,該股表現不佳。買入指數基金要好得多,因爲該股在那五年中下跌了31%。
Although the past week has been more reassuring for shareholders, they're still in the red over the last five years, so let's see if the underlying business has been responsible for the decline.
儘管過去一週令股東更加放心,但在過去五年中,他們仍處於虧損狀態,所以讓我們看看基礎業務是否是造成下降的原因。
See our latest analysis for Jiangsu Broadcasting Cable Information Network
查看我們對江蘇廣播有線信息網的最新分析
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.
不可否認,市場有時是有效的,但價格並不總是能反映潛在的業務表現。通過比較每股收益(EPS)和一段時間內的股價變化,我們可以了解投資者對公司的態度是如何隨着時間的推移而變化的。
Looking back five years, both Jiangsu Broadcasting Cable Information Network's share price and EPS declined; the latter at a rate of 15% per year. The share price decline of 7% 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. The high P/E ratio of 49.75 suggests that shareholders believe earnings will grow in the years ahead.
回顧五年,江蘇廣播有線信息網的股價和每股收益均出現下滑;後者以每年 15% 的速度下降。每年 7% 的股價下跌並不像每股收益的下降那麼嚴重。因此,市場此前可能預計會下跌,否則預計情況會有所改善。49.75的高市盈率表明,股東們認爲未來幾年收益將增長。
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 是如何隨着時間的推移而變化的(點擊圖片發現確切的值)。
![earnings-per-share-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20231123/0-f36d0b8154bf87bd9e8d52d58becb2a7-0-f4566fa68389e847f666012aebbe2cf8.png/big)
Before buying or selling a stock, we always recommend a close examination of historic growth trends, available here.
在買入或賣出股票之前,我們始終建議仔細研究歷史增長趨勢,可在此處查閱。
What About Dividends?
分紅呢?
It is important to consider the total shareholder return, as well as the share price return, for any given stock. 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. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. In the case of Jiangsu Broadcasting Cable Information Network, it has a TSR of -27% for the last 5 years. That exceeds its share price return that we previously mentioned. And there's no prize for guessing that the dividend payments largely explain the divergence!
重要的是要考慮任何給定股票的股東總回報率以及股價回報。股東總回報率是一種回報計算方法,它考慮了現金分紅的價值(假設收到的任何股息已被再投資)以及任何貼現資本籌集和分拆的計算價值。可以說,股東總回報率可以更全面地描述股票產生的回報。就江蘇廣播有線信息網而言,其過去5年的股東總回報率爲-27%。這超過了我們之前提到的股價回報率。而且,猜測股息支付在很大程度上解釋了這種差異是沒有好處的!
A Different Perspective
不同的視角
It's good to see that Jiangsu Broadcasting Cable Information Network has rewarded shareholders with a total shareholder return of 11% in the last twelve months. That's including the dividend. Notably the five-year annualised TSR loss of 5% per year compares very unfavourably with the recent share price performance. We generally put more weight on the long term performance over the short term, but the recent improvement could hint at a (positive) inflection point within the business. It's always interesting to track share price performance over the longer term. But to understand Jiangsu Broadcasting Cable Information Network better, we need to consider many other factors. For instance, we've identified 3 warning signs for Jiangsu Broadcasting Cable Information Network (1 makes us a bit uncomfortable) that you should be aware of.
很高興看到江蘇廣播有線信息網在過去十二個月中向股東提供了11%的股東總回報率。這包括股息。值得注意的是,五年期年化股東總回報率每年虧損5%,與最近的股價表現相比非常不利。我們通常更看重短期內的長期業績,但最近的改善可能暗示業務將出現(積極的)轉折點。從長遠來看,追蹤股價表現總是很有意思的。但是,要更好地了解江蘇廣播有線信息網,我們需要考慮許多其他因素。例如,我們已經爲江蘇廣播有線電視信息網確定了3個警告標誌(其中一個讓我們有點不舒服),你應該注意這些警告。
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of companies that have proven they can grow earnings.
如果你想看看另一家公司——一家財務狀況可能優異的公司——那麼千萬不要錯過這份已經證明自己可以增加收益的公司的免費名單。
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on Chinese exchanges.
請注意,本文引用的市場回報反映了目前在中國交易所交易的股票的市場加權平均回報。
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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.
對這篇文章有反饋嗎?對內容感到擔憂?直接聯繫我們。 或者,給編輯團隊 (at) simplywallst.com 發送電子郵件。
Simply Wall St的這篇文章本質上是籠統的。我們僅使用公正的方法根據歷史數據和分析師的預測提供評論,我們的文章無意作爲財務建議。它不構成買入或賣出任何股票的建議,也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本數據驅動的長期重點分析。請注意,我們的分析可能不考慮最新的價格敏感型公司公告或定性材料。簡而言之,華爾街沒有持有任何上述股票的頭寸。