China Datang Corporation Renewable Power's (HKG:1798) Earnings Growth Rate Lags the 13% CAGR Delivered to Shareholders
China Datang Corporation Renewable Power's (HKG:1798) Earnings Growth Rate Lags the 13% CAGR Delivered to Shareholders
Stock pickers are generally looking for stocks that will outperform the broader market. And the truth is, you can make significant gains if you buy good quality businesses at the right price. To wit, the China Datang Corporation Renewable Power share price has climbed 66% in five years, easily topping the market decline of 29% (ignoring dividends).
选股者通常在寻找表现优于大盘的股票。事实是,如果你以合适的价格购买高质量的企业,你可以获得可观的收益。换句话说,中国大唐集团可再生能源股价在五年内上涨了66%,轻松超过了29%的市场跌幅(不计股息)。
Since the long term performance has been good but there's been a recent pullback of 6.2%, let's check if the fundamentals match the share price.
由于长期表现不错,但最近回调了6.2%,让我们来看看基本面是否与股价相符。
While the efficient markets hypothesis continues to be taught by some, it has been proven that markets are over-reactive dynamic systems, and investors are not always rational. 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.
尽管一些人继续教导高效市场假说,但事实证明,市场是反应过度的动态系统,投资者并不总是理性的。评估公司情绪变化的一种有缺陷但合理的方法是将每股收益(EPS)与股价进行比较。
During five years of share price growth, China Datang Corporation Renewable Power achieved compound earnings per share (EPS) growth of 25% per year. The EPS growth is more impressive than the yearly share price gain of 11% over the same period. So it seems the market isn't so enthusiastic about the stock these days. This cautious sentiment is reflected in its (fairly low) P/E ratio of 3.85.
在五年的股价增长中,中国大唐集团可再生能源实现了每年25%的复合每股收益(EPS)增长。每股收益的增长比同期11%的年度股价增长更令人印象深刻。因此,如今市场似乎对该股并不那么热情。这种谨慎的情绪反映在其(相当低的)市盈率3.85上。
You can see below how EPS has changed over time (discover the exact values by clicking on the image).
你可以在下面看到 EPS 是如何随着时间的推移而变化的(点击图片发现确切的值)。
![earnings-per-share-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240206/0-28268eac9f7ad006d7d1ed0782949c67-0-590a0b1b72621ca60e8a3c54697efb6d.png/big)
Dive deeper into China Datang Corporation Renewable Power's key metrics by checking this interactive graph of China Datang Corporation Renewable Power's earnings, revenue and cash flow.
查看这张中国大唐集团可再生能源收益、收入和现金流的交互式图表,深入了解中国大唐集团可再生能源的关键指标。
What About Dividends?
分红呢?
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. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. We note that for China Datang Corporation Renewable Power the TSR over the last 5 years was 85%, which is better than the share price return mentioned above. The dividends paid by the company have thusly boosted the total shareholder return.
在考虑投资回报时,重要的是要考虑两者之间的区别 股东总回报 (TSR) 和 股价回报。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。我们注意到,中国大唐集团可再生能源公司过去5年的股东总回报率为85%,好于上述股价回报率。因此,该公司支付的股息提高了 总 股东回报。
A Different Perspective
不同的视角
While the broader market lost about 18% in the twelve months, China Datang Corporation Renewable Power shareholders did even worse, losing 33% (even including dividends). Having said that, it's inevitable that some stocks will be oversold in a falling market. The key is to keep your eyes on the fundamental developments. Longer term investors wouldn't be so upset, since they would have made 13%, each year, over five years. If the fundamental data continues to indicate long term sustainable growth, the current sell-off could be an opportunity worth considering. It's always interesting to track share price performance over the longer term. But to understand China Datang Corporation Renewable Power better, we need to consider many other factors. For example, we've discovered 1 warning sign for China Datang Corporation Renewable Power that you should be aware of before investing here.
尽管整个市场在十二个月中下跌了约18%,但中国大唐集团可再生能源股东的表现甚至更糟,损失了33%(甚至包括股息)。话虽如此,在下跌的市场中,一些股票不可避免地会被超卖。关键是要密切关注基本发展。长期投资者不会那么沮丧,因为他们将在五年内每年赚取13%的收入。如果基本面数据继续显示长期可持续增长,那么当前的抛售可能是一个值得考虑的机会。长期跟踪股价表现总是很有意思的。但是,要更好地了解中国大唐集团可再生能源,我们需要考虑许多其他因素。例如,我们发现了中国大唐集团可再生能源的1个警告信号,在投资这里之前,您应该注意这一点。
But note: China Datang Corporation Renewable Power may not be the best stock to buy. So take a peek at this free list of interesting companies with past earnings growth (and further growth forecast).
但请注意:中国大唐集团可再生能源可能不是最佳的买入股票。因此,来看看这份过去盈利增长(以及进一步增长预测)的有趣公司的免费清单。
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。