COSCO SHIPPING Energy Transportation's (HKG:1138) Three-year Earnings Growth Trails the 50% YoY Shareholder Returns
COSCO SHIPPING Energy Transportation's (HKG:1138) Three-year Earnings Growth Trails the 50% YoY Shareholder Returns
COSCO SHIPPING Energy Transportation Co., Ltd. (HKG:1138) shareholders might be concerned after seeing the share price drop 14% in the last quarter. But that doesn't change the fact that the returns over the last three years have been very strong. Indeed, the share price is up a very strong 216% in that time. To some, the recent share price pullback wouldn't be surprising after such a good run. The thing to consider is whether the underlying business is doing well enough to support the current price.
中遠海能股份有限公司(港交所:1138)股東可能會對上個季度股價下跌14%感到擔憂。但這並不能改變過去三年的收益非常強勁的事實。事實上,在這段時間裏,股價上漲了非常強勁的216%。對於一些人來說,最近股價回落並不令人意外,因爲上漲太快了。需要考慮的是,基礎業務是否足夠強,能夠支撐當前價格。
After a strong gain in the past week, it's worth seeing if longer term returns have been driven by improving fundamentals.
在過去的一週之內,獲得的強勁收益是否表明了長期回報受到基本面的推動值得關注。
While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance. 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.
儘管市場是一個強大的定價機制,股價不僅反映了基本業務表現,還反映了投資者的情緒。通過比較每股收益(EPS)和股價變化,並隨時間推移這樣做,我們可以了解股東對公司的態度如何隨時間變化。
COSCO SHIPPING Energy Transportation was able to grow its EPS at 19% per year over three years, sending the share price higher. In comparison, the 47% per year gain in the share price outpaces the EPS growth. This suggests that, as the business progressed over the last few years, it gained the confidence of market participants. It's not unusual to see the market 're-rate' a stock, after a few years of growth.
中遠海能股份有限公司的每股收益(EPS)在三年內每年增長19%,推高了股價。相比之下,股價每年增長的47%超過了EPS增長。這表明,在過去幾年中,隨着業務的進展,它贏得了市場參與者的信心。在幾年的增長之後,看到市場「重新計價」一隻股票並不罕見。
The image below shows how EPS has tracked over time (if you click on the image you can see greater detail).
下圖顯示了EPS隨時間的變化情況(如果您單擊該圖像,則可以查看更多詳細信息)。
![big](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240818/0-923ca1f4d742c992596fa66918bf0ea6-0-008f5e7955e91036aca02b4fd76ca9fa.png/big)
We're pleased to report that the CEO is remunerated more modestly than most CEOs at similarly capitalized companies. It's always worth keeping an eye on CEO pay, but a more important question is whether the company will grow earnings throughout the years. It might be well worthwhile taking a look at our free report on COSCO SHIPPING Energy Transportation's earnings, revenue and cash flow.
我們很高興報告,該公司的首席執行官的報酬比同等資本化公司的大多數首席執行官更爲適度。當然,關注首席執行官的薪酬始終是值得的,但更重要的問題是公司是否會在未來增加收益。在中遠海能股份有限公司收益、營業收入和現金流上,檢查我們的免費報告可能會非常有價值。
What About Dividends?
那麼分紅怎麼樣呢?
When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. 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. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. As it happens, COSCO SHIPPING Energy Transportation's TSR for the last 3 years was 236%, which exceeds the share price return mentioned earlier. This is largely a result of its dividend payments!
在考慮投資回報時,重要的是考慮總股東回報(TSR)和股價回報之間的差異。TSR是一種回報計算方法,它考慮了現金股息(假設任何收到的股息都被再投資)的價值以及任何折扣的資本增發和分拆的計算值。因此,對於付出豐厚股息的公司,TSR通常比股價回報高得多。恰好,中遠海能股份有限公司過去3年的TSR爲236%,超過了先前提到的股價回報。這在很大程度上是其分紅派息的結果!
A Different Perspective
不同的觀點
It's nice to see that COSCO SHIPPING Energy Transportation shareholders have received a total shareholder return of 13% over the last year. Of course, that includes the dividend. However, that falls short of the 19% TSR per annum it has made for shareholders, each year, over five years. It's always interesting to track share price performance over the longer term. But to understand COSCO SHIPPING Energy Transportation better, we need to consider many other factors. For example, we've discovered 2 warning signs for COSCO SHIPPING Energy Transportation that you should be aware of before investing here.
很高興看到中遠海能股份有限公司股東在過去一年中獲得了13%的總股東回報。當然,這包括股息。然而,這不及它在過去五年中每年爲股東創造的19%TSR。長期跟蹤股價表現總是很有趣的。但爲了更好地了解中遠海能股份有限公司,我們需要考慮許多其他因素。例如,我們發現有2個飛凡警示,您在投資之前應該知道這些。
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of companies we expect will grow earnings.
當然,您可能在其他地方找到一家出色的企業進行投資。因此,請查看我們預計將實現盈利增長的公司的免費列表。
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on Hong Kong exchanges.
請注意,本文引用的市場回報反映了當前在香港證券交易所交易的股票的市場加權平均回報。
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對本文有任何反饋?對內容有任何疑慮?請直接與我們聯繫。或者,發送電子郵件至editorial-team@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。