Inner Mongolia MengDian HuaNeng Thermal Power's (SHSE:600863) 26% CAGR Outpaced the Company's Earnings Growth Over the Same Three-year Period
Inner Mongolia MengDian HuaNeng Thermal Power's (SHSE:600863) 26% CAGR Outpaced the Company's Earnings Growth Over the Same Three-year Period
By buying an index fund, you can roughly match the market return with ease. But many of us dare to dream of bigger returns, and build a portfolio ourselves. For example, Inner Mongolia MengDian HuaNeng Thermal Power Corporation Limited (SHSE:600863) shareholders have seen the share price rise 78% over three years, well in excess of the market decline (26%, not including dividends). On the other hand, the returns haven't been quite so good recently, with shareholders up just 22% , including dividends .
通过购买指数基金,您可以轻松地大致匹配市场回报。但是我们中的许多人敢于梦想获得更大的回报,并自己建立投资组合。例如,内蒙古蒙电华能热电股份有限公司(SHSE: 600863)股东的股价在三年内上涨了78%,远远超过了市场跌幅(26%,不包括股息)。另一方面,最近的回报并不那么好,股东仅增长了22%,包括股息。
The past week has proven to be lucrative for Inner Mongolia MengDian HuaNeng Thermal Power investors, so let's see if fundamentals drove the company's three-year performance.
事实证明,过去一周对内蒙古蒙电华能热电的投资者来说是有利可图的,所以让我们看看基本面是否推动了该公司的三年业绩。
Check out our latest analysis for Inner Mongolia MengDian HuaNeng Thermal Power
查看我们对内蒙古蒙古蒙电华能热电的最新分析
To paraphrase Benjamin Graham: Over the short term the market is a voting machine, but over the long term it's a weighing machine. 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.
用本杰明·格雷厄姆的话来说:从短期来看,市场是一台投票机器,但从长远来看,它是一台称重机。通过比较每股收益(EPS)和一段时间内的股价变化,我们可以了解投资者对公司的态度是如何随着时间的推移而变化的。
Inner Mongolia MengDian HuaNeng Thermal Power was able to grow its EPS at 27% per year over three years, sending the share price higher. The average annual share price increase of 21% is actually lower than the EPS growth. Therefore, it seems the market has moderated its expectations for growth, somewhat. We'd venture the lowish P/E ratio of 11.81 also reflects the negative sentiment around the stock.
内蒙古蒙电华能热电得以在三年内以每年 27% 的速度增长每股收益,推动股价上涨。21%的年平均股价涨幅实际上低于每股收益的增长。因此,市场似乎在某种程度上放缓了对增长的预期。我们认为,11.81的低市盈率也反映了该股的负面情绪。
You can see how EPS has changed over time in the image below (click on the chart to see the exact values).
您可以在下图中看到 EPS 随时间推移的变化(点击图表查看确切值)。
![earnings-per-share-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240128/0-75261ec987cf92b94cc99420b38805a4-0-379caaa7310248b5eca0659c385180cc.png/big)
We're pleased to report that the CEO is remunerated more modestly than most CEOs at similarly capitalized companies. But while CEO remuneration is always worth checking, the really important question is whether the company can grow earnings going forward. This free interactive report on Inner Mongolia MengDian HuaNeng Thermal Power's earnings, revenue and cash flow is a great place to start, if you want to investigate the stock further.
我们很高兴地向大家报告,首席执行官的薪酬比资本相似公司的大多数首席执行官要低得多。但是,尽管首席执行官的薪酬总是值得检查的,但真正重要的问题是公司未来能否增加收益。如果你想进一步调查内蒙古蒙电华能热电的收益、收入和现金流,这份关于内蒙古蒙电华能热电的收益、收入和现金流的免费互动报告是一个很好的起点。
What About Dividends?
分红呢?
As well as measuring the share price return, investors should also consider the total shareholder return (TSR). 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. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. As it happens, Inner Mongolia MengDian HuaNeng Thermal Power's TSR for the last 3 years was 101%, which exceeds the share price return mentioned earlier. And there's no prize for guessing that the dividend payments largely explain the divergence!
除了衡量股价回报率外,投资者还应考虑股东总回报率(TSR)。基于股息再投资的假设,股东总回报率纳入了任何分拆或贴现资本筹集的价值以及任何股息。可以说,股东总回报率更全面地描述了股票产生的回报。碰巧的是,内蒙古蒙电华能热电过去3年的股东总回报率为101%,超过了前面提到的股价回报率。而且,猜测股息支付在很大程度上解释了这种分歧是没有好处的!
A Different Perspective
不同的视角
It's nice to see that Inner Mongolia MengDian HuaNeng Thermal Power shareholders have received a total shareholder return of 22% over the last year. And that does include the dividend. Since the one-year TSR is better than the five-year TSR (the latter coming in at 16% per year), it would seem that the stock's performance has improved in recent times. In the best case scenario, this may hint at some real business momentum, implying that now could be a great time to delve deeper. 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 for instance, the ever-present spectre of investment risk. We've identified 2 warning signs with Inner Mongolia MengDian HuaNeng Thermal Power , and understanding them should be part of your investment process.
很高兴看到内蒙古蒙电华能热电股东去年获得了 22% 的股东总回报率。这确实包括股息。由于一年期股东总回报率好于五年期股东总回报率(后者为每年16%),因此该股的表现似乎在最近有所改善。在最好的情况下,这可能暗示着一些真正的业务势头,这意味着现在可能是深入研究的好时机。尽管市场状况可能对股价产生的不同影响值得考虑,但还有其他因素更为重要。例如,投资风险的幽灵无处不在。我们已经向内蒙古蒙电华能热电确定了两个警告信号,了解它们应该是您投资过程的一部分。
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of companies that have proven they can grow earnings.
如果你想看看另一家公司——一家财务状况可能优异的公司——那么千万不要错过这份已经证明自己可以增加收益的公司的免费名单。
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on Chinese exchanges.
请注意,本文引用的市场回报反映了目前在中国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,也没有考虑到您的目标或财务状况。我们的目标是为您提供由基本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型公司公告或定性材料。简而言之,华尔街没有持有任何上述股票的头寸。