It hasn't been the best quarter for Zhongman Petroleum and Natural Gas Group Corp.,Ltd. (SHSE:603619) shareholders, since the share price has fallen 21% in that time. But in three years the returns have been great. Indeed, the share price is up a very strong 129% in that time. After a run like that some may not be surprised to see prices moderate. If the business can perform well for years to come, then the recent drop could be an opportunity.
After a strong gain in the past week, it's worth seeing if longer term returns have been driven by improving fundamentals.
There is no denying that markets are sometimes efficient, but prices do not always reflect underlying business performance. By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time.
During three years of share price growth, Zhongman Petroleum and Natural Gas GroupLtd moved from a loss to profitability. Given the importance of this milestone, it's not overly surprising that the share price has increased strongly.
You can see how EPS has changed over time in the image below (click on the chart to see the exact values).
It is of course excellent to see how Zhongman Petroleum and Natural Gas GroupLtd has grown profits over the years, but the future is more important for shareholders. It might be well worthwhile taking a look at our free report on how its financial position has changed over time.
What About Dividends?
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. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. As it happens, Zhongman Petroleum and Natural Gas GroupLtd's TSR for the last 3 years was 141%, which exceeds the share price return mentioned earlier. And there's no prize for guessing that the dividend payments largely explain the divergence!
A Different Perspective
It's nice to see that Zhongman Petroleum and Natural Gas GroupLtd shareholders have received a total shareholder return of 6.5% over the last year. And that does include the dividend. However, the TSR over five years, coming in at 7% per year, is even more impressive. 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 Zhongman Petroleum and Natural Gas GroupLtd is showing 2 warning signs in our investment analysis , you should know about...
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of companies we expect will grow earnings.
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on Chinese exchanges.
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.
中国の石油・天然ガスグループ(Zhongman Petroleum and Natural Gas Group Corp., Ltd. (SHSE:603619))は、株主にとって特によい三か月間にはなりませんでした。株価はこの期間に21%下落しています。しかし、過去3年間のリターンは非常に大きく、実に株価は129%上昇しています。こういった上昇後には、価格が落ち着くのはある程度予想されます。しかし、ビジネスが今後もうまくいけば、最近の下落はチャンスとなる可能性があります。
Zhongman Petroleum and Natural Gas Group Ltdが長年にわたり利益を成長させてきた様子は優れていますが、将来について株主にとって重要なのはそちらです。当社の無料レポートを見て、その財務状況が長年にわたってどのように変化したかを確認することは非常に有益であるかもしれません。
投資収益を見る際に重要なのは、株主総収益(TSR)と株価収益の違いを考慮することです。TSRはスピンオフや資本増強などの割引資本調達の価値と、配当を再投資したことを前提としています。したがって、豊富な配当を支払う企業のTSRは、株価収益よりもずっと高くなることがよくあります。実際、過去3年間のZhongman Petroleum and Natural Gas Group LtdのTSRは141%であり、先ほど言及した株価収益を上回っています。そして、その相違が配当支払いによるものであることを推測するためには、特別な賞が与えられるわけではありません!
過去1年間において、Zhongman Petroleum and Natural Gas Group Ltdの株主総収益は6.5%であり、配当も含まれています。しかし、5年間のTSRは1年平均で7%と、さらに印象的です。ビジネスパフォーマンスを代理する長期にわたる株価を見るのは面白いことですが、本当の洞察を得るには他の情報も考慮する必要があります。それにもかかわらず、当社の投資分析にはZhongman Petroleum and Natural Gas Group Ltdが2つの警告サインを示していることに注意してください。知っておく必要があります。
オーストラリアでは、moomooの投資商品及びサービスはMoomoo Securities Australia Limitedによって提供され、オーストラリア証券投資委員会(ASIC)の管理を受けております(AFSL No. 224663)。「金融サービスガイド」、「利用規約」、「プライバシーポリシー」などの詳細は、Moomoo Securities Australia Limitedのウェブサイトhttps://www.moomoo.com/auでご確認いただけます。
オーストラリアでは、moomooの投資商品及びサービスはMoomoo Securities Australia Limitedによって提供され、オーストラリア証券投資委員会(ASIC)の管理を受けております(AFSL No. 224663)。「金融サービスガイド」、「利用規約」、「プライバシーポリシー」などの詳細は、Moomoo Securities Australia Limitedのウェブサイトhttps://www.moomoo.com/auでご確認いただけます。