As Man Wah Holdings (HKG:1999) Ascends 6.6% This Past Week, Investors May Now Be Noticing the Company's Three-year Earnings Growth
As Man Wah Holdings (HKG:1999) Ascends 6.6% This Past Week, Investors May Now Be Noticing the Company's Three-year Earnings Growth
If you love investing in stocks you're bound to buy some losers. But long term Man Wah Holdings Limited (HKG:1999) shareholders have had a particularly rough ride in the last three year. Sadly for them, the share price is down 62% in that time. The falls have accelerated recently, with the share price down 21% in the last three months.
如果你喜欢投资股票,你一定会买一些输家。但是从长远来看 敏华控股有限公司 (HKG: 1999)在过去的三年中,股东们经历了特别艰难的经历。令他们感到遗憾的是,那段时间股价下跌了62%。最近,跌幅加快,股价在过去三个月中下跌了21%。
While the stock has risen 6.6% in the past week but long term shareholders are still in the red, let's see what the fundamentals can tell us.
尽管该股在过去一周上涨了6.6%,但长期股东仍处于亏损状态,但让我们看看基本面能告诉我们什么。
Check out our latest analysis for Man Wah Holdings
查看我们对敏华控股的最新分析
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 格雷厄姆和多兹维尔的超级投资者 沃伦·巴菲特描述了股价如何并不总是合理地反映企业的价值。考虑市场对公司的看法发生了怎样的变化的一种不完美但简单的方法是将每股收益(EPS)的变化与股价走势进行比较。
Although the share price is down over three years, Man Wah Holdings actually managed to grow EPS by 4.6% per year in that time. Given the share price reaction, one might suspect that EPS is not a good guide to the business performance during the period (perhaps due to a one-off loss or gain). Alternatively, growth expectations may have been unreasonable in the past.
尽管股价在三年内下跌,但在此期间,敏华控股实际上每年设法将每股收益增长4.6%。鉴于股价反应,人们可能会怀疑每股收益并不能很好地指导该期间的业务表现(可能是由于一次性亏损或收益)。或者,过去的增长预期可能不合理。
After considering the numbers, we'd posit that the the market had higher expectations of EPS growth, three years back. Looking to other metrics might better explain the share price change.
在考虑了这些数字之后,我们假设市场对三年前每股收益增长的预期更高。看看其他指标可能会更好地解释股价的变化。
Given the healthiness of the dividend payments, we doubt that they've concerned the market. It's good to see that Man Wah Holdings has increased its revenue over the last three years. If the company can keep growing revenue, there may be an opportunity for investors. You might have to dig deeper to understand the recent share price weakness.
鉴于股息支付的健康状况,我们怀疑它们是否令市场担忧。很高兴看到敏华控股在过去三年中增加了收入。如果公司能够保持收入增长,那么投资者可能会有机会。你可能需要更深入地了解最近的股价疲软。
The image below shows how earnings and revenue have tracked over time (if you click on the image you can see greater detail).
下图显示了收入和收入随时间推移的跟踪情况(如果您点击图片,可以看到更多细节)。
It's probably worth noting we've seen significant insider buying in the last quarter, which we consider a positive. That said, we think earnings and revenue growth trends are even more important factors to consider. If you are thinking of buying or selling Man Wah Holdings stock, you should check out this free report showing analyst profit forecasts.
可能值得注意的是,我们在上个季度看到了大量的内幕买盘,我们认为这是积极的。也就是说,我们认为收益和收入增长趋势是更重要的考虑因素。如果你想买入或卖出敏华控股的股票,你应该看看这个 免费的 显示分析师盈利预测的报告。
What About Dividends?
分红呢?
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 Man Wah Holdings the TSR over the last 3 years was -59%, which is better than the share price return mentioned above. This is largely a result of its dividend payments!
重要的是要考虑任何给定股票的股东总回报率以及股价回报。基于股息再投资的假设,股东总回报率包括任何分拆或贴现资本筹集的价值以及任何股息。可以公平地说,股东总回报率为支付股息的股票提供了更完整的画面。我们注意到,对于敏华控股而言,过去3年的股东总回报率为-59%,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
Man Wah Holdings provided a TSR of 3.0% over the last twelve months. Unfortunately this falls short of the market return. On the bright side, the longer term returns (running at about 9% a year, over half a decade) look better. It may well be that this is a business worth popping on the watching, given the continuing positive reception, over time, from the market. 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. For example, we've discovered 1 warning sign for Man Wah Holdings that you should be aware of before investing here.
在过去的十二个月中,敏华控股的股东总回报率为3.0%。不幸的是,这还没有达到市场回报率。好的一面是,长期回报(每年约为9%,超过五年)看起来更好。鉴于随着时间的推移,市场持续受到好评,这很可能是一项值得关注的业务。尽管值得考虑市场状况可能对股价产生的不同影响,但还有其他因素更为重要。例如,我们发现了 敏华控股有 1 个警告信号 在这里投资之前,你应该注意这一点。
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.
还有很多其他公司有内部人士买入股票。你可能这样做 不 想错过这个 免费的 内部人士正在收购的成长型公司名单。
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on Hong Kong exchanges.
请注意,本文引用的市场回报反映了目前在香港交易所交易的股票的市场加权平均回报。
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Simply Wall St的这篇文章本质上是笼统的。 我们仅使用公正的方法根据历史数据和分析师的预测提供评论,我们的文章无意作为财务建议。 它不构成买入或卖出任何股票的建议,也没有考虑您的目标或财务状况。我们的目标是为您提供由基本面数据驱动的长期重点分析。请注意,我们的分析可能不考虑最新的价格敏感公司公告或定性材料。简而言之,华尔街在上述任何股票中都没有头寸。