HK Electric Investments and HK Electric Investments' (HKG:2638) Earnings Have Declined Over Five Years, Contributing to Shareholders 25% Loss
HK Electric Investments and HK Electric Investments' (HKG:2638) Earnings Have Declined Over Five Years, Contributing to Shareholders 25% Loss
For many, the main point of investing is to generate higher returns than the overall market. But every investor is virtually certain to have both over-performing and under-performing stocks. So we wouldn't blame long term HK Electric Investments and HK Electric Investments Limited (HKG:2638) shareholders for doubting their decision to hold, with the stock down 41% over a half decade.
對於許多人來說,投資的重點是產生比整個市場更高的回報。但是,幾乎可以肯定的是,每個投資者都有表現超強和表現不佳的股票。因此,我們不會責怪港燈電力投資和港燈電力投資有限公司(HKG:2638)的長期股東懷疑他們的持股決定,該股在過去五年中下跌了41%。
The recent uptick of 4.3% could be a positive sign of things to come, so let's take a look at historical fundamentals.
最近4.3%的上漲可能是未來的積極信號,因此讓我們來看看歷史基本面。
See our latest analysis for HK Electric Investments and HK Electric Investments
查看我們對港燈電力投資和港燈電力投資的最新分析
In his essay The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not always rationally reflect the value of a business. 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.
在他的文章中 格雷厄姆和多茲維爾的超級投資者 沃倫·巴菲特描述了股價如何並不總是合理地反映企業的價值。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 HK Electric Investments and HK Electric Investments' share price and EPS declined; the latter at a rate of 1.7% per year. This reduction in EPS is less than the 10% annual reduction in the share price. This implies that the market is more cautious about the business these days.
回顧五年,港燈電力投資和港燈電力投資的股價和每股收益均下跌;後者每年下跌1.7%。每股收益的下降低於股價每年下降10%。這意味着如今市場對業務更加謹慎。
You can see how EPS has changed over time in the image below (click on the chart to see the exact values).
您可以在下圖中看到 EPS 隨時間推移的變化(點擊圖表查看確切值)。
![earnings-per-share-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20231215/0-02685a48776f44cdda69306a3f6785f6-0-165a7f98c3141cea9da77d1493844417.png/big)
Dive deeper into HK Electric Investments and HK Electric Investments' key metrics by checking this interactive graph of HK Electric Investments and HK Electric Investments's earnings, revenue and cash flow.
查看這張港燈電力投資和港燈電力投資的收益、收入和現金流的互動圖表,深入了解港燈電力投資和港燈電力投資的關鍵指標。
What About Dividends?
分紅呢?
When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. 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. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. We note that for HK Electric Investments and HK Electric Investments the TSR over the last 5 years was -25%, which is better than the share price return mentioned above. This is largely a result of its dividend payments!
在考慮投資回報時,重要的是要考慮兩者之間的區別 股東總回報 (TSR) 和 股價回報。股價回報僅反映股價的變化,而股東總回報率包括股息的價值(假設股息已被再投資)以及任何折扣融資或分拆的收益。可以說,股東總回報率可以更全面地描述股票產生的回報。我們注意到,港燈電力投資和港燈電力投資在過去5年的股東總回報率爲-25%,好於上述股價回報率。這在很大程度上是其股息支付的結果!
A Different Perspective
不同的視角
Although it hurts that HK Electric Investments and HK Electric Investments returned a loss of 3.2% in the last twelve months, the broader market was actually worse, returning a loss of 11%. Of far more concern is the 5% p.a. loss served to shareholders over the last five years. While the losses are slowing we doubt many shareholders are happy with the stock. It's always interesting to track share price performance over the longer term. But to understand HK Electric Investments and HK Electric Investments better, we need to consider many other factors. Case in point: We've spotted 2 warning signs for HK Electric Investments and HK Electric Investments you should be aware of.
儘管港燈電力投資和港燈電力投資在過去十二個月中回報了3.2%的虧損令人痛心,但整體市場實際上表現更糟,虧損了11%。更令人擔憂的是,在過去五年中,股東每年的虧損爲5%。儘管虧損有所放緩,但我們懷疑許多股東是否對該股感到滿意。從長遠來看,追蹤股價表現總是很有意思的。但是,要更好地了解港燈電力投資和港燈電力投資,我們需要考慮許多其他因素。一個很好的例子:我們發現了港燈電力投資和港燈電力投資的兩個警告信號,你應該注意。
For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
對於那些喜歡尋找中獎投資的人來說,這份最近有內幕收購的成長型公司的免費名單可能只是門票。
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on Hong Kong exchanges.
請注意,本文引用的市場回報反映了目前在香港交易所交易的股票的市場加權平均回報。
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.
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。