Investors Five-year Losses Continue as COSCO SHIPPING Ports (HKG:1199) Dips a Further 6.5% This Week, Earnings Continue to Decline
Investors Five-year Losses Continue as COSCO SHIPPING Ports (HKG:1199) Dips a Further 6.5% This Week, Earnings Continue to Decline
In order to justify the effort of selecting individual stocks, it's worth striving to beat the returns from a market index fund. But even the best stock picker will only win with some selections. So we wouldn't blame long term COSCO SHIPPING Ports Limited (HKG:1199) shareholders for doubting their decision to hold, with the stock down 31% over a half decade. On top of that, the share price is down 6.5% in the last week. But this could be related to the soft market, which is down about 3.5% in the same period.
爲證明選擇個股投資的價值,值得努力超越市場指數基金的回報率,但是即使最優秀的股票擇時者也只能在某些選擇上勝出。所以,長揸中海集運港口股份有限公司的(港股:1199)股東對於股價在過去五年下跌了31%的這個決定產生了疑慮。此外,股價在上週下跌了6.5%。但這可能與市場環境疲軟有關,而同一時期市場指數下跌了約3.5%。
After losing 6.5% this past week, it's worth investigating the company's fundamentals to see what we can infer from past performance.
在過去一週下跌了6.5%後,值得調查該公司的基本面,以了解我們可以從過去的表現中推論出什麼。
While the efficient markets hypothesis continues to be taught by some, it has been proven that markets are over-reactive dynamic systems, and investors are not always rational. One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS).
雖然有效市場假說仍然被一些人教授,但被證明市場是過度反應的動態系統,投資者並不總是理性的。檢查市場情緒如何隨時間變化的一種方法是看一個公司的股價與其每股收益(EPS)之間的交互作用。
During the five years over which the share price declined, COSCO SHIPPING Ports' earnings per share (EPS) dropped by 2.2% each year. Readers should note that the share price has fallen faster than the EPS, at a rate of 7% per year, over the period. This implies that the market is more cautious about the business these days. The less favorable sentiment is reflected in its current P/E ratio of 7.32.
在股價下跌的五年期間,中海集運港口每股收益(EPS)每年下降了2.2%。讀者應該注意到,在該期間股價下跌的速度比EPS快,達到了每年7%的速度。這意味着市場現在對該公司的業務更加謹慎。這種不利的情緒反映在它當前的市盈率爲7.32倍。
You can see how EPS has changed over time in the image below (click on the chart to see the exact values).
您可以在下面的圖片中查看每股收益如何隨時間變化(單擊圖表以查看確切的價值)。
![big](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240712/0-0668ff669aafa0c8f41e6f9c8a92a299-0-bcc345d39a9e913c8d39458fd2ffcabc.png/big)
It might be well worthwhile taking a look at our free report on COSCO SHIPPING Ports' earnings, revenue and cash flow.
查看中海集運港口的收益、營收和現金流的免費報告可能很值得您看一下。
What About Dividends?
那麼分紅怎麼樣呢?
It is important to consider the total shareholder return, as well as the share price return, for any given stock. 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 COSCO SHIPPING Ports the TSR over the last 5 years was -7.0%, 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!
對於任何給定的股票來說,考慮總股東回報,以及股價回報是很重要的。TSR包括任何剝離或折價融資的價值,以及任何派息,基於派息再投資的假設。可以說,對於支付股息的股票,TSR給出了更完整的畫面。我們注意到,對於中海集運港口,過去5年的TSR爲-7.0%,比上面提到的股價回報要好。當然,分紅支付很大程度上解釋了這種差異!
A Different Perspective
不同的觀點
We're pleased to report that COSCO SHIPPING Ports shareholders have received a total shareholder return of 18% over one year. Of course, that includes the dividend. There's no doubt those recent returns are much better than the TSR loss of 1.4% per year over five years. The long term loss makes us cautious, but the short term TSR gain certainly hints at a brighter future. While it is well worth considering the different impacts that market conditions can have on the share price, there are other factors that are even more important. Even so, be aware that COSCO SHIPPING Ports is showing 2 warning signs in our investment analysis , you should know about...
我們很高興地報告中海集運港口的股東在過去一年內獲得了18%的總股東回報率,其中當然包括股息。毫無疑問,這些最近的回報比過去5年每年的TSR虧損1.4%要好得多。長期的虧損讓我們感到謹慎,但短期TSR的收益顯然暗示着更光明的未來。儘管值得考慮市場環境對股價的不同影響,但其他因素更加重要。即便如此,請注意,中海集運港口在我們的投資分析中顯示出兩個警告信號,您應該知道其中的細節...
If you are like me, then you will not want to miss this free list of undervalued small caps that insiders are buying.
如果您像我一樣,就不會希望錯過這份免費的內部人士正在購買的低估小市值股票列表。
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當前在香港證券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.
對本文有反饋?關注內容?請直接與我們聯繫。或者,發送電子郵件至editorial-team@simplywallst.com。
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。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
對本文有反饋? 對內容感到擔憂? 請直接與我們聯繫。 或者,發送電子郵件至editorial-team@simplywallst.com。