Optimism Around Oriental Energy (SZSE:002221) Delivering New Earnings Growth May Be Shrinking as Stock Declines 5.5% This Past Week
Optimism Around Oriental Energy (SZSE:002221) Delivering New Earnings Growth May Be Shrinking as Stock Declines 5.5% This Past Week
It can certainly be frustrating when a stock does not perform as hoped. But no-one can make money on every call, especially in a declining market. The Oriental Energy Co., Ltd. (SZSE:002221) is down 25% over three years, but the total shareholder return is -22% once you include the dividend. That's better than the market which declined 27% over the last three years. Even worse, it's down 11% in about a month, which isn't fun at all. But this could be related to poor market conditions -- stocks are down 6.3% in the same time.
在股市表現不佳時,根據市場變化,有時會出現看漲失敗的情況,這是非常令人沮喪的。然而,東華能源股份有限公司(深圳證券交易所:002221)在過去的三年裏下跌了25%,但如果包括分紅派息,其總股東回報率爲-22%。這比過去三年下跌了27%的市場好。更糟糕的是,它在大約一個月內下跌了11%,這非常不愉快,但這可能與市場情況不佳有關 - 股票在同一時間內下跌了6.3%。
After losing 5.5% this past week, it's worth investigating the company's fundamentals to see what we can infer from past performance.
在上週下跌了5.5%之後,值得看看該公司的基本面,以了解過去的表現。
There is no denying that markets are sometimes efficient, but prices do not always reflect underlying business performance. One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS).
市場有時無疑是高效的,但價格並不總是反映基礎業務表現。 一種檢查市場情緒如何隨時間改變的方法是查看公司的股價與每股收益(EPS)之間的互動。
During five years of share price growth, Oriental Energy 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.
在五年的股價增長中,東華能源的股價從虧損變爲盈利,通常我們會期望隨之上漲。因此,值得研究其他指標以了解股價走勢。
The company has kept revenue pretty healthy over the last three years, so we doubt that explains the falling share price. There doesn't seem to be any clear correlation between the fundamental business metrics and the share price. That could mean that the stock was previously overrated, or it could spell opportunity now.
公司在過去三年中的營業收入一直非常健康,因此我們懷疑這解釋了股價下跌的原因。基本業務指標與股價之間似乎沒有明顯的相關性。這可能意味着該股票曾被高估,或者現在可能是機會。
The graphic below depicts how earnings and revenue have changed over time (unveil the exact values by clicking on the image).
下面的圖表顯示了收益和營收隨時間的變化情況(通過單擊圖像揭示確切的值)。
![earnings-and-revenue-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240626/0-089e3287671370900b019757acc3e6df-0-731caa0eebe099d64eb3bc6236d35691.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. So we recommend checking out this free report showing consensus forecasts
我們很高興地報告,CEO的報酬比同樣資本化的公司的大多數CEO都要適中。但是,雖然CEO報酬值得檢查,但真正重要的問題是公司是否能夠繼續增加收益。因此,我們建議查看此免費報告,顯示共識預測。
What About The Total Shareholder Return (TSR)?
那麼,股東總回報(TSR)呢?
Investors should note that there's a difference between Oriental Energy's total shareholder return (TSR) and its share price change, which we've covered above. 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. Its history of dividend payouts mean that Oriental Energy's TSR, which was a 22% drop over the last 3 years, was not as bad as the share price return.
投資者應該注意,東華能源的總股東回報率(TSR)和其股價變化有所不同。TSR是一種回報率計算,考慮到現金股利的價值(假設任何收到的股息都會被再投資),以及任何優惠的募資和分拆的計算價值。這意味着東華能源的TSR有一個22%的歷史分紅支付。下跌鞍鋼股份的股東今年下跌了37%,但市場本身上漲了4.8%。請記住,即使是最好的股票有時也會在12個月的期間內表現不佳。遺憾的是,去年的表現使得股東在過去5年裏每年面臨着9%的總虧損。通常,長期的股價走弱可能是一個不好的跡象,儘管反向投資者可能希望研究這支股票,以期望有所轉機。查看這個更詳細的歷史收益、營業額和現金流圖表,你可以更好地了解鞍鋼股份的增長情況。
A Different Perspective
不同的觀點
Although it hurts that Oriental Energy returned a loss of 5.2% in the last twelve months, the broader market was actually worse, returning a loss of 14%. Given the total loss of 0.9% per year over five years, it seems returns have deteriorated in the last twelve months. Whilst Baron Rothschild does tell the investor "buy when there's blood in the streets, even if the blood is your own", buyers would need to examine the data carefully to be comfortable that the business itself is sound. It's always interesting to track share price performance over the longer term. But to understand Oriental Energy better, we need to consider many other factors. Consider for instance, the ever-present spectre of investment risk. We've identified 2 warning signs with Oriental Energy (at least 1 which is potentially serious) , and understanding them should be part of your investment process.
儘管東華能源過去12個月錄得5.2%的虧損,但整個市場的表現實際上更差,虧損了14%。在過去的五年中,每年的總損失爲0.9%,似乎回報在過去的十二個月中惡化了。雖然Baron Rothschild告訴投資者,“即使血液是你自己的,也要在街頭搶購”,但買家需要仔細審查數據,以確信企業本身是健康的。 跟蹤股價在長期內的表現始終是有趣的。但是,爲了更好地理解東華能源,我們需要考慮許多其他因素。例如,投資風險的永遠存在。我們已經確定了2個警告信號(至少1個可能很嚴重)與東華能源有關,了解它們應成爲您的投資過程的一部分。
If you are like me, then you will not want to miss this free list of undervalued small caps that insiders are buying.
如果您像我一樣,就不會希望錯過這份免費的內部人士正在購買的低估小市值股票列表。
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on Chinese exchanges.
請注意,本文引用的市場回報反映了目前在中國交易所上市的股票的市場加權平均回報。
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.
對本文有反饋?關於內容有所顧慮?直接和我們聯繫。或電郵 editorial-team (at) simplywallst.com。
這篇文章是Simply Wall St的一般性文章。我們根據歷史數據和分析師預測提供評論,只使用公正的方法論,我們的文章並不意味着提供任何金融建議。文章不構成買賣任何股票的建議,也不考慮您的目標或您的財務狀況。我們的目標是帶給您基本數據驅動的長期關注分析。請注意,我們的分析可能不考慮最新的價格敏感公司公告或定性材料。Simply Wall St沒有任何股票頭寸。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
對本文有反饋?關於內容有所顧慮?直接和我們聯繫。或者,也可以發送電子郵件至editorial-team@simplywallst.com