65% Earnings Growth Over 1 Year Has Not Materialized Into Gains for ZIM Integrated Shipping Services (NYSE:ZIM) Shareholders Over That Period
65% Earnings Growth Over 1 Year Has Not Materialized Into Gains for ZIM Integrated Shipping Services (NYSE:ZIM) Shareholders Over That Period
Even the best stock pickers will make plenty of bad investments. Anyone who held ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) over the last year knows what a loser feels like. The share price has slid 70% in that time. Because ZIM Integrated Shipping Services hasn't been listed for many years, the market is still learning about how the business performs. Furthermore, it's down 26% in about a quarter. That's not much fun for holders.
即使是最好的选股者也会做出大量糟糕的投资。任何持有ZIM综合航运服务有限公司。(纽约证券交易所代码:ZIM)在过去的一年里,我知道失败者的感受。在此期间,该公司股价下跌了70%。由于ZIM综合航运服务已经多年没有上市,市场仍在了解该业务的表现。此外,它在大约四分之一的时间里下跌了26%。对于持有者来说,这并不是什么乐趣。
With the stock having lost 3.6% in the past week, it's worth taking a look at business performance and seeing if there's any red flags.
鉴于该公司股价在过去一周下跌了3.6%,我们有必要看看它的业务表现,看看是否有任何危险信号。
Check out our latest analysis for ZIM Integrated Shipping Services
查看我们对ZIM集成航运服务的最新分析
In his essay The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not always rationally reflect the value of a business. 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.
在他的文章中格雷厄姆和多德斯维尔的超级投资者沃伦·巴菲特描述了股价并不总是理性地反映一家企业的价值。一种不完美但简单的方法来考虑市场对一家公司的看法是如何改变的,那就是将每股收益(EPS)的变化与股价走势进行比较。
During the unfortunate twelve months during which the ZIM Integrated Shipping Services share price fell, it actually saw its earnings per share (EPS) improve by 65%. It's quite possible that growth expectations may have been unreasonable in the past.
不幸的是,在ZIM综合航运服务股价下跌的12个月里,它的每股收益(EPS)实际上提高了65%。过去的增长预期很有可能是不合理的。
It's surprising to see the share price fall so much, despite the improved EPS. But we might find some different metrics explain the share price movements better.
令人惊讶的是,尽管每股收益有所改善,但股价却下跌了这么多。但我们可能会发现一些不同的衡量标准可以更好地解释股价走势。
We don't see any weakness in the ZIM Integrated Shipping Services' dividend so the steady payout can't really explain the share price drop. The revenue trend doesn't seem to explain why the share price is down. Unless, of course, the market was expecting a revenue uptick.
我们没有看到ZIM综合航运服务公司的股息有任何疲软,因此稳定的派息并不能真正解释股价下跌的原因。营收趋势似乎无法解释股价下跌的原因。当然,除非市场预期收入会上升。
The graphic below depicts how earnings and revenue have changed over time (unveil the exact values by clicking on the image).
下图描述了收益和收入随时间的变化(通过单击图像来揭示确切的价值)。
![earnings-and-revenue-growth](https://usnewsfile.futunn.com/pic/0-18167686-0-8c76c9c6e5d74eb8137314422f92ddb8.png/big)
We know that ZIM Integrated Shipping Services has improved its bottom line lately, but what does the future have in store? You can see what analysts are predicting for ZIM Integrated Shipping Services in this interactive graph of future profit estimates.
我们知道,ZIM综合航运服务公司最近提高了利润,但未来会是什么样子?您可以在此查看分析师对ZIM集成航运服务的预测互动未来利润预估图表。
What About Dividends?
那股息呢?
When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. 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. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. We note that for ZIM Integrated Shipping Services the TSR over the last 1 year was -51%, which is better than the share price return mentioned above. This is largely a result of its dividend payments!
在考察投资回报时,重要的是要考虑到股东总回报(TSR)和股价回报。TSR是一种回报计算,计入了现金股息的价值(假设收到的任何股息都进行了再投资),以及任何贴现融资和剥离的计算价值。因此,对于支付丰厚股息的公司来说,TSR往往比股价回报高得多。我们注意到,ZIM综合航运服务过去一年的TSR为-51%,好于上述股价回报率。这在很大程度上是其股息支付的结果!
A Different Perspective
不同的视角
ZIM Integrated Shipping Services shareholders are down 51% for the year (even including dividends), even worse than the market loss of 23%. That's disappointing, but it's worth keeping in mind that the market-wide selling wouldn't have helped. The share price decline has continued throughout the most recent three months, down 26%, suggesting an absence of enthusiasm from investors. Basically, most investors should be wary of buying into a poor-performing stock, unless the business itself has clearly improved. It's always interesting to track share price performance over the longer term. But to understand ZIM Integrated Shipping Services better, we need to consider many other factors. Take risks, for example - ZIM Integrated Shipping Services has 2 warning signs (and 1 which makes us a bit uncomfortable) we think you should know about.
ZIM综合航运服务公司的股东今年下跌了51%(甚至包括股息),甚至比23%的市场损失还要糟糕。这令人失望,但值得记住的是,整个市场的抛售不会有任何帮助。最近三个月,股价持续下跌,跌幅达26%,表明投资者缺乏热情。基本上,大多数投资者应该对买入表现不佳的股票保持警惕,除非业务本身已经明显改善。跟踪股价的长期表现总是很有趣的。但为了更好地理解ZIM综合航运服务,我们需要考虑许多其他因素。以风险为例-ZIM集成航运服务公司2个警告标志(这让我们有点不舒服)我们认为你应该知道这一点。
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.
当然了,如果你把目光投向别处,你可能会发现这是一笔很棒的投资。所以让我们来看看这个免费我们预计收益将会增长的公司名单。
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on US exchanges.
请注意,本文引用的市场回报反映了目前在美国交易所交易的股票的市场加权平均回报。
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本文由Simply Wall St.撰写,具有概括性。我们仅使用不偏不倚的方法提供基于历史数据和分析师预测的评论,我们的文章并不打算作为财务建议。它不构成买卖任何股票的建议,也没有考虑你的目标或你的财务状况。我们的目标是为您带来由基本面数据驱动的长期重点分析。请注意,我们的分析可能不会将最新的对价格敏感的公司公告或定性材料考虑在内。Simply Wall St.对上述任何一只股票都没有持仓。