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The Five-year Shareholder Returns and Company Earnings Persist Lower as Shanghai Dazhong Public Utilities(Group)Ltd (SHSE:600635) Stock Falls a Further 7.4% in Past Week

The Five-year Shareholder Returns and Company Earnings Persist Lower as Shanghai Dazhong Public Utilities(Group)Ltd (SHSE:600635) Stock Falls a Further 7.4% in Past Week

由於上海大衆公用事業(集團)有限公司(SHSE: 600635)股價在過去一週進一步下跌7.4%,五年股東回報率和公司收益持續走低
Simply Wall St ·  01/23 06:19

Ideally, your overall portfolio should beat the market average. But the main game is to find enough winners to more than offset the losers So we wouldn't blame long term Shanghai Dazhong Public Utilities(Group) Co.,Ltd. (SHSE:600635) shareholders for doubting their decision to hold, with the stock down 40% over a half decade. The falls have accelerated recently, with the share price down 11% in the last three months.

理想情況下,您的整體投資組合應超過市場平均水平。但是主要的遊戲是找到足夠的贏家來抵消輸家。因此,從長遠來看,我們不會責怪上海大衆公用事業(集團)有限公司。, Ltd.(上海證券交易所代碼:600635)的股東對他們的持股決定表示懷疑,該股在五年內下跌了40%。最近跌勢加速,股價在過去三個月中下跌了11%。

After losing 7.4% this past week, it's worth investigating the company's fundamentals to see what we can infer from past performance.

在上週下跌7.4%之後,值得研究該公司的基本面,看看我們可以從過去的表現中推斷出什麼。

View our latest analysis for Shanghai Dazhong Public Utilities(Group)Ltd

查看我們對上海大衆公用事業(集團)有限公司的最新分析

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. One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement.

在他的文章中 格雷厄姆和多茲維爾的超級投資者 禾倫·巴菲特描述了股價如何並不總是合理地反映企業的價值。考慮市場對公司的看法發生了怎樣的變化的一種不完美但簡單的方法是將每股收益(EPS)的變化與股價走勢進行比較。

Shanghai Dazhong Public Utilities(Group)Ltd became profitable within the last five years. That would generally be considered a positive, so we are surprised to see the share price is down. Other metrics may better explain the share price move.

上海大衆公用事業(集團)有限公司在過去五年內實現盈利。這通常會被視爲利好,因此我們驚訝地看到股價下跌。其他指標可以更好地解釋股價走勢。

We don't think that the 1.1% is big factor in the share price, since it's quite small, as dividends go. Revenue is actually up 3.5% over the time period. A more detailed examination of the revenue and earnings may or may not explain why the share price languishes; there could be an opportunity.

我們認爲1.1%不是影響股價的重要因素,因爲隨着股息的增加,它相當小。在此期間,收入實際上增長了3.5%。對收入和收益進行更詳細的審查可能會也可能無法解釋股價下跌的原因;可能有機會。

The image below shows how earnings and revenue have tracked over time (if you click on the image you can see greater detail).

下圖顯示了收入和收入隨時間推移的跟蹤情況(如果您點擊圖片,可以看到更多細節)。

earnings-and-revenue-growth
SHSE:600635 Earnings and Revenue Growth January 22nd 2024
SHSE: 600635 收益和收入增長 2024 年 1 月 22 日

Balance sheet strength is crucial. It might be well worthwhile taking a look at our free report on how its financial position has changed over time.

資產負債表的強度至關重要。可能值得一看我們關於其財務狀況如何隨着時間的推移而變化的免費報告。

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. 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. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. We note that for Shanghai Dazhong Public Utilities(Group)Ltd the TSR over the last 5 years was -36%, which is better than the share price return mentioned above. And there's no prize for guessing that the dividend payments largely explain the divergence!

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。基於股息再投資的假設,股東總回報率納入了任何分拆或貼現資本籌集的價值以及任何股息。可以公平地說,股東總回報率爲支付股息的股票提供了更完整的畫面。我們注意到,上海大衆公用事業(集團)有限公司過去5年的股東總回報率爲-36%,好於上述股價回報率。而且,猜測股息支付在很大程度上解釋了這種分歧是沒有好處的!

A Different Perspective

不同的視角

While it's certainly disappointing to see that Shanghai Dazhong Public Utilities(Group)Ltd shares lost 10% throughout the year, that wasn't as bad as the market loss of 18%. Given the total loss of 6% per year over five years, it seems returns have deteriorated in the last twelve months. Whilst Baron Rothschild does tell the investor "buy when there's blood in the streets, even if the blood is your own", buyers would need to examine the data carefully to be comfortable that the business itself is sound. It's always interesting to track share price performance over the longer term. But to understand Shanghai Dazhong Public Utilities(Group)Ltd better, we need to consider many other factors. Take risks, for example - Shanghai Dazhong Public Utilities(Group)Ltd has 4 warning signs (and 3 which are significant) we think you should know about.

儘管上海大衆公用事業(集團)有限公司的股價全年下跌10%確實令人失望,但這還不如18%的市場跌幅那麼糟糕。鑑於五年內每年的總損失爲6%,在過去的十二個月中,回報似乎有所惡化。儘管羅斯柴爾德男爵確實告訴投資者 “街上有血時買入,即使血液是你自己的”,但買家需要仔細檢查數據,以確定業務本身是健全的。長期跟蹤股價表現總是很有意思的。但是,要更好地了解上海大衆公用事業(集團)有限公司,我們需要考慮許多其他因素。以風險爲例,上海大衆公用事業(集團)有限公司有 4 個警示標誌(以及 3 個重大警示標誌),我們認爲您應該知道。

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。

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。

声明:本內容僅用作提供資訊及教育之目的,不構成對任何特定投資或投資策略的推薦或認可。 更多信息
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