Haitong Unitrust International Financial Leasing's (HKG:1905) Earnings Have Declined Over Five Years, Contributing to Shareholders 3.7% Loss
Haitong Unitrust International Financial Leasing's (HKG:1905) Earnings Have Declined Over Five Years, Contributing to Shareholders 3.7% Loss
It's nice to see the Haitong Unitrust International Financial Leasing Co., Ltd. (HKG:1905) share price up 14% in a week. But if you look at the last five years the returns have not been good. After all, the share price is down 44% in that time, significantly under-performing the market.
很高興看到海通國際金融租賃有限公司(HKG:1905)的股價在一週內上漲了14%。但是如果您查看過去五年,回報並不理想。畢竟,在這段時間內,股價下跌了44%,明顯表現不佳。
The recent uptick of 14% could be a positive sign of things to come, so let's take a look at historical fundamentals.
最近14%的反彈可能是有望好轉的積極跡象,因此讓我們看一下歷史基本面。
While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance. One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price.
雖然市場是一個強大的定價機制,但股價反映了投資者情緒,不僅僅是基本業績。一種有缺陷但合理的評估公司周圍情緒如何變化的方法是將每股收益(EPS)與股價進行比較。
Looking back five years, both Haitong Unitrust International Financial Leasing's share price and EPS declined; the latter at a rate of 0.2% per year. This reduction in EPS is less than the 11% annual reduction in the share price. This implies that the market was previously too optimistic about the stock. The less favorable sentiment is reflected in its current P/E ratio of 4.51.
回顧過去五年,海通國際金融租賃的股價和每股收益都有所下降;後者以每年0.2%的速度下降。每股收益的減少幅度低於股價每年11%的下降率。這意味着市場以前過於樂觀看待該股票。市場對該股票的不太樂觀情緒體現在當前的市盈率爲4.51。
The graphic below depicts how EPS has changed over time (unveil the exact values by clicking on the image).
下圖顯示了EPS隨時間變化的情況(點擊圖像以顯示確切值)。
This free interactive report on Haitong Unitrust International Financial Leasing's earnings, revenue and cash flow is a great place to start, if you want to investigate the stock further.
如果您想進一步調查該股票,海通信託國際金融租賃的盈利、營業收入和現金流情況,這份免費互動報告是一個很好的起點。
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. In the case of Haitong Unitrust International Financial Leasing, it has a TSR of -3.7% for the last 5 years. That exceeds its share price return that we previously mentioned. This is largely a result of its dividend payments!
重要考慮股東總回報,以及給定股票的股價回報。TSR融合了任何旋轉或折價的增資,以及根據股息被再投資的假設計算的任何股息價值。可以說,TSR爲支付股息的股票提供了更完整的圖片。就海通信託國際金融租賃而言,它在過去5年內的TSR爲-3.7%。這超過了我們先前提到的股價回報。這在很大程度上是由於其股息支付所致!
A Different Perspective
不同的觀點
Haitong Unitrust International Financial Leasing shareholders are up 14% for the year (even including dividends). But that return falls short of the market. On the bright side, that's still a gain, and it is certainly better than the yearly loss of about 0.7% endured over half a decade. It could well be that the business is stabilizing. 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. Consider risks, for instance. Every company has them, and we've spotted 2 warning signs for Haitong Unitrust International Financial Leasing you should know about.
海通信託國際金融租賃股東今年股票上漲了14%(包括股息)。但這一回報落後於市場。但從好的一面來看,這仍然是一筆收益,當然比過去半個世紀遭受的約0.7%的年度虧損要好。企業可能正在穩定下來。雖然值得考慮市場狀況對股價可能產生的不同影響,但還有更重要的其他因素。比如考慮風險。每家公司都有風險,我們已經發現了對海通信託國際金融租賃有影響的2個警示信號您應該知道。
We will like Haitong Unitrust International Financial Leasing better if we see some big insider buys. While we wait, check out this free list of undervalued stocks (mostly small caps) with considerable, recent, insider buying.
如果有大量內部買入,我們將更喜歡海通國際信託金融租賃。在等待期間,請查看此免費名單,其中包含很多被低估的股票(主要是小市值股票),並有相當數量的最近內部買入。
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。
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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。