Shareholders in Financial Street Holdings (SZSE:000402) Have Lost 55%, as Stock Drops 6.7% This Past Week
Shareholders in Financial Street Holdings (SZSE:000402) Have Lost 55%, as Stock Drops 6.7% This Past Week
Financial Street Holdings Co., Ltd. (SZSE:000402) shareholders should be happy to see the share price up 12% in the last month. But that is small recompense for the exasperating returns over three years. Indeed, the share price is down a tragic 57% in the last three years. So it's good to see it climbing back up. Perhaps the company has turned over a new leaf.
金融街控股股份有限公司(SZSE:000402)的股東應該很高興看到股價在過去一個月中上漲了12%。但在過去三年中,這種羸弱的回報對股東來說太小了。實際上,股價在過去三年中下降了悲慘的57%。所以它能夠爬回來是好的,也許公司有轉變。
Since Financial Street Holdings has shed CN¥687m from its value in the past 7 days, let's see if the longer term decline has been driven by the business' economics.
由於金融街控股過去7天損失了6.87億元人民幣,因此讓我們看看更長期的下跌是否由業務經濟驅動。
Financial Street Holdings isn't currently profitable, so most analysts would look to revenue growth to get an idea of how fast the underlying business is growing. Shareholders of unprofitable companies usually desire strong revenue growth. As you can imagine, fast revenue growth, when maintained, often leads to fast profit growth.
金融街控股目前並不盈利,因此大多數分析師會尋找營收增長來了解基礎業務的增長速度。虧損公司的股東通常希望營收增長強勁。可以想象,當保持快速營收增長時,往往會導致快速利潤增長。在過去三年中,金融街控股的營業收入每年縮水11%。那不是投資者通常想看到的。隨着營收下降,利潤只是一個夢想,我們可以理解爲什麼股價以每年16%的速度下降。儘管如此,如果未來有增長,現在可能是公司的低潮。我們會對這個公司非常謹慎,直到它實現盈利,因爲我們不擅長尋找扭轉局面的機會。
In the last three years Financial Street Holdings saw its revenue shrink by 11% per year. That's not what investors generally want to see. With revenue in decline, and profit but a dream, we can understand why the share price has been declining at 16% per year. Having said that, if growth is coming in the future, now may be the low ebb for the company. We'd be pretty wary of this one until it makes a profit, because we don't specialize in finding turnaround situations.
過去三年,金融街控股的營收每年下降11%。投資者通常不希望看到這樣的情況。隨着營收下降,利潤只是一場夢想,我們可以理解爲什麼股價以每年16%的速度下降。儘管如此,如果未來有增長,現在可能是公司的低潮。我們會對這個公司非常謹慎,直到它實現盈利,因爲我們不擅長尋找扭轉局面的機會。
The image below shows how earnings and revenue have tracked over time (if you click on the image you can see greater detail).
下圖顯示了收益和營收隨時間變化的情況(如果你點擊圖像,可以看到更多細節):
![earnings-and-revenue-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240527/0-fb58877db0f0d63f834912392ca8ea5e-0-91a933f04c8f688a99edec34cee928a3.png/big)
It's probably worth noting that the CEO is paid less than the median at similar sized companies. It's always worth keeping an eye on CEO pay, but a more important question is whether the company will grow earnings throughout the years. If you are thinking of buying or selling Financial Street Holdings stock, you should check out this free report showing analyst profit forecasts.
值得注意的是,CEO的薪酬低於同等規模公司的中位數。關注CEO的薪酬一直很重要,但更重要的問題是公司是否會在未來增長收益。如果您考慮購買或出售金融街控股的股票,您應該查看此免費報告,其中顯示了分析師的盈利預測。
What About The Total Shareholder Return (TSR)?
那麼,股東總回報(TSR)呢?
We've already covered Financial Street Holdings' share price action, but we should also mention its total shareholder return (TSR). 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. Financial Street Holdings' TSR of was a loss of 55% for the 3 years. That wasn't as bad as its share price return, because it has paid dividends.
我們已經涵蓋了金融街控股的股價走勢,但我們也應該提到其總股東回報(TSR)。TSR是一種回報計算,考慮到現金股利的價值(假設收到的任何股息都被再投資)以及任何折扣資本籌集和剝離的計算價值。金融街控股的TSR在過去3年中虧損了55%。這不像其股價回報那樣糟糕,因爲它支付了股息。
A Different Perspective
不同的觀點
While the broader market lost about 10% in the twelve months, Financial Street Holdings shareholders did even worse, losing 31%. 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 8% 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. I find it very interesting to look at share price over the long term as a proxy for business performance. But to truly gain insight, we need to consider other information, too. Even so, be aware that Financial Street Holdings is showing 1 warning sign in our investment analysis , you should know about...
儘管整個市場在過去12個月中損失了約10%,但金融街控股的股東表現得更糟糕,損失了31%。但是,可能只是股價受到整個市場的擔憂。如果有機會,值得關注基本面。遺憾的是,去年的表現爲股東面臨了5年總損失8%。一般來說,長期股價疲軟可能是一個不好的跡象,但反向投資者可能希望研究股票,以期扭轉局勢。我認爲,從長期來看,股價表現可以作爲業務績效的代理研究。但是,爲了真正獲得洞察力,我們需要考慮其他信息。即使如此,請注意,金融街控股在我們的投資分析中顯示了1個警告標誌,您需要知道......
For those who like to find winning investments this free list of undervalued companies with recent insider purchasing, could be just the ticket.
對於那些喜歡尋找獲勝投資的人來說,最近有內部購買的低估公司免費列表可能是一個很好的選擇。
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上市的股票的市場加權平均回報。
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這篇文章是Simply Wall St的一般性文章。我們根據歷史數據和分析師預測提供評論,只使用公正的方法論,我們的文章並不意味着提供任何金融建議。文章不構成買賣任何股票的建議,也不考慮您的目標或您的財務狀況。我們的目標是帶給您基本數據驅動的長期關注分析。請注意,我們的分析可能不考慮最新的價格敏感公司公告或定性材料。Simply Wall St沒有任何股票頭寸。