Kingsoft (HKG:3888) Stock Falls 7.8% in Past Week as Three-year Earnings and Shareholder Returns Continue Downward Trend
Kingsoft (HKG:3888) Stock Falls 7.8% in Past Week as Three-year Earnings and Shareholder Returns Continue Downward Trend
As an investor its worth striving to ensure your overall portfolio beats the market average. But its virtually certain that sometimes you will buy stocks that fall short of the market average returns. Unfortunately, that's been the case for longer term Kingsoft Corporation Limited (HKG:3888) shareholders, since the share price is down 47% in the last three years, falling well short of the market decline of around 18%. And the ride hasn't got any smoother in recent times over the last year, with the price 27% lower in that time. And the share price decline continued over the last week, dropping some 7.8%.
作为投资者,您值得奋斗,确保您的整个投资组合超过市场平均水平。但几乎可以肯定的是,有时您会购买股票,其回报不及市场平均水平。不幸的是,这已经是 Kingsoft Corporation Limited(HKG:3888)的长期股东的情况,因为股价在过去的三年中下跌了47%,远远低于市场下跌约18%的水平。而且,过去一年中价格下跌了27%。而且,股价下跌在最近一周继续,下跌了7.8%。
Given the past week has been tough on shareholders, let's investigate the fundamentals and see what we can learn.
考虑到过去一周对股东来说是艰难的,让我们调查一下基本面并看看我们能学到什么。
To quote Buffett, 'Ships will sail around the world but the Flat Earth Society will flourish. There will continue to be wide discrepancies between price and value in the marketplace...' 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.
引用巴菲特的话:“船只将周游世界,而‘地平派’仍会兴旺。市场上的价格和价值仍会存在广泛的差距……”考虑一家公司在市场上的认知如何变化的一个不完美但简单的方法是比较每股收益(EPS)的变化和股价的波动。
During five years of share price growth, Kingsoft moved from a loss to profitability. We would usually expect to see the share price rise as a result. So it's worth looking at other metrics to try to understand the share price move.
在五年的股价增长中,金山软件从亏损转为盈利。我们通常希望看到股价上升,因此值得查看其他指标以了解股价走势。
With a rather small yield of just 0.6% we doubt that the stock's share price is based on its dividend. We note that, in three years, revenue has actually grown at a 14% annual rate, so that doesn't seem to be a reason to sell shares. It's probably worth investigating Kingsoft further; while we may be missing something on this analysis, there might also be an opportunity.
仅有0.6%的较低收益率,我们怀疑股价并不基于其股息。我们注意到,在三年内,营业收入实际上以14%的年增长率增长,因此这似乎不是出售股票的原因。可能值得进一步调查金山软件;虽然我们可能在这个分析中遗漏了一些东西,但也可能存在机会。
You can see below how earnings and revenue have changed over time (discover the exact values by clicking on the image).
您可以看到以下收益和营收的变化情况(通过单击图像了解精确值)。
![earnings-and-revenue-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240621/0-78f4ee6d159423e8d7699cd34decccdb-0-81b1e16b78205538edf83e45a49ed3ae.png/big)
We consider it positive that insiders have made significant purchases in the last year. Having said that, most people consider earnings and revenue growth trends to be a more meaningful guide to the business. This free report showing analyst forecasts should help you form a view on Kingsoft
我们认为内部人员在过去一年中进行了重大购买是积极的。尽管如此,大多数人认为收益和营业收入增长趋势更具有指导意义,这份显示分析师预测的免费报告应该可以帮助您对金山软件形成一个看法。
A Different Perspective
不同的观点
Investors in Kingsoft had a tough year, with a total loss of 27% (including dividends), against a market gain of about 7.0%. Even the share prices of good stocks drop sometimes, but we want to see improvements in the fundamental metrics of a business, before getting too interested. On the bright side, long term shareholders have made money, with a gain of 7% per year over half a decade. If the fundamental data continues to indicate long term sustainable growth, the current sell-off could be an opportunity worth considering. It is all well and good that insiders have been buying shares, but we suggest you check here to see what price insiders were buying at.
金山软件的投资者度过了艰难的一年,总收益率(包括分红)下跌了27%,而市场增长了约7.0%。即使优秀股票的股价有时会下跌,但我们希望在感到太感兴趣之前,先看到企业的基本指标有所改善。好消息是,长期股东赚了钱,在过去五年中年增长率为7%。如果基本数据继续表明长期可持续的增长,目前的抛售行情可能值得考虑。内部人员一直在购买股票,这很好,但我们建议您在此处查看内部人员购买的股票价格。
If you like to buy stocks alongside management, then you might just love this free list of companies. (Hint: most of them are flying under the radar).
如果您喜欢与管理层共同购买股票,那么您可能会喜欢这个免费的公司列表(提示:大多数公司没有受到关注)。
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当前在香港证券交易所交易的股票的市场加权平均回报。
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.
对本文有反馈?关于内容有所顾虑?直接和我们联系。或者,发送电子邮件至editorial-team (at) simplywallst.com。
这篇文章是Simply Wall St的一般性文章。我们根据历史数据和分析师预测提供评论,只使用公正的方法论,我们的文章并不意味着提供任何金融建议。文章不构成买卖任何股票的建议,也不考虑您的目标或您的财务状况。我们的目标是带给您基本数据驱动的长期关注分析。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。Simply Wall St没有任何股票头寸。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
对本文有反馈?关于内容有所顾虑?直接和我们联系。或者发送电子邮件至editorial-team@simplywallst.com。