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China Overseas Grand Oceans Group (HKG:81) Earnings and Shareholder Returns Have Been Trending Downwards for the Last Three Years, but the Stock Hikes 24% This Past Week

China Overseas Grand Oceans Group (HKG:81) Earnings and Shareholder Returns Have Been Trending Downwards for the Last Three Years, but the Stock Hikes 24% This Past Week

中國海外宏洋集團(HKG: 81)的收益和股東回報率在過去三年中一直呈下降趨勢,但上週該股上漲了24%
Simply Wall St ·  02/27 07:03

China Overseas Grand Oceans Group Limited (HKG:81) shareholders should be happy to see the share price up 24% in the last week. But that doesn't help the fact that the three year return is less impressive. After all, the share price is down 48% in the last three years, significantly under-performing the market.

中國海外宏洋集團有限公司(HKG: 81)的股東應該很高興看到上週股價上漲24%。但這無助於三年回報率不那麼令人印象深刻的事實。畢竟,股價在過去三年中下跌了48%,表現大大低於市場。

While the stock has risen 24% in the past week but long term shareholders are still in the red, let's see what the fundamentals can tell us.

儘管該股在過去一週上漲了24%,但長期股東仍處於虧損狀態,但讓我們看看基本面能告訴我們什麼。

While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance. 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.

雖然市場是一種強大的定價機制,但股價反映了投資者的情緒,而不僅僅是潛在的業務表現。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。

During the three years that the share price fell, China Overseas Grand Oceans Group's earnings per share (EPS) dropped by 15% each year. This reduction in EPS is slower than the 20% annual reduction in the share price. So it seems the market was too confident about the business, in the past. This increased caution is also evident in the rather low P/E ratio, which is sitting at 2.96.

在股價下跌的三年中,中國海外宏洋集團的每股收益(EPS)每年下降15%。每股收益的下降低於股價每年20%的降幅。因此,過去市場似乎對該業務過於自信。這種更加謹慎的態度也體現在相當低的市盈率上,該比率爲2.96。

The company's earnings per share (over time) is depicted in the image below (click to see the exact numbers).

該公司的每股收益(隨着時間的推移)如下圖所示(點擊查看確切數字)。

earnings-per-share-growth
SEHK:81 Earnings Per Share Growth February 26th 2024
SEHK: 81 每股收益增長 2024 年 2 月 26 日

It's probably worth noting we've seen significant insider buying in the last quarter, which we consider a positive. On the other hand, we think the revenue and earnings trends are much more meaningful measures of the business. Dive deeper into the earnings by checking this interactive graph of China Overseas Grand Oceans Group's earnings, revenue and cash flow.

可能值得注意的是,我們在上個季度看到了大量的內幕買盤,我們認爲這是積極的。另一方面,我們認爲收入和收益趨勢是衡量業務的更有意義的指標。查看這張中國海外宏洋集團收益、收入和現金流的互動圖表,深入了解收益。

What About Dividends?

分紅呢?

As well as measuring the share price return, investors should also consider the total shareholder return (TSR). 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. As it happens, China Overseas Grand Oceans Group's TSR for the last 3 years was -35%, which exceeds the share price return mentioned earlier. The dividends paid by the company have thusly boosted the total shareholder return.

除了衡量股價回報率外,投資者還應考慮股東總回報率(TSR)。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。碰巧的是,中國海外宏洋集團過去三年的股東總回報率爲-35%,超過了前面提到的股價回報率。因此,該公司支付的股息提高了 股東回報。

A Different Perspective

不同的視角

We regret to report that China Overseas Grand Oceans Group shareholders are down 28% for the year (even including dividends). Unfortunately, that's worse than the broader market decline of 7.5%. However, it could simply be that the share price has been impacted by broader market jitters. It might be worth keeping an eye on the fundamentals, in case there's a good opportunity. Regrettably, last year's performance caps off a bad run, with the shareholders facing a total loss of 1.3% per year over five years. 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 China Overseas Grand Oceans Group better, we need to consider many other factors. For example, we've discovered 3 warning signs for China Overseas Grand Oceans Group (1 doesn't sit too well with us!) that you should be aware of before investing here.

我們遺憾地報告,中國海外宏洋集團的股東今年下跌了28%(甚至包括股息)。不幸的是,這比整個市場7.5%的跌幅還要嚴重。但是,可能只是股價受到了更廣泛的市場緊張情緒的影響。如果有很好的機會,可能值得關注基本面。遺憾的是,去年的業績結束了糟糕的表現,股東在五年內每年面臨1.3%的總虧損。總的來說,長期股價疲軟可能是一個壞兆頭,儘管逆勢投資者可能希望研究該股以期出現轉機。長期跟蹤股價表現總是很有意思的。但是,要更好地了解中國海外大洋集團,我們需要考慮許多其他因素。例如,我們發現了中國海外宏洋集團的 3 個警告標誌(1 個對我們來說不太合適!)在這裏投資之前,您應該注意這一點。

There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.

還有很多其他公司有內部人士購買股票。你可能不想錯過這份業內人士正在收購的成長型公司的免費名單。

Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on 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。

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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。

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