Wasu Media HoldingLtd (SZSE:000156) Earnings and Shareholder Returns Have Been Trending Downwards for the Last Five Years, but the Stock Rises 5.6% This Past Week
Wasu Media HoldingLtd (SZSE:000156) Earnings and Shareholder Returns Have Been Trending Downwards for the Last Five Years, but the Stock Rises 5.6% This Past Week
Ideally, your overall portfolio should beat the market average. But even the best stock picker will only win with some selections. At this point some shareholders may be questioning their investment in Wasu Media Holding Co.,Ltd (SZSE:000156), since the last five years saw the share price fall 32%. On the other hand the share price has bounced 5.6% over the last week. But this could be related to the strong market, with stocks up around 6.7% in the same time.
理想情況下,您的整體投資組合應該能夠擊敗市場平均水平。但即使是最優秀的股票選擇者也只能在某些選擇上取得成功。在此階段,一些股東可能在過去五年中華數傳媒股份有限公司(SZSE:000156)的股價下跌了32%,開始質疑他們的投資。另一方面,股價在過去一週反彈了5.6%。但這可能與牛市有關,股票在同一時間上漲了約6.7%。
On a more encouraging note the company has added CN¥667m to its market cap in just the last 7 days, so let's see if we can determine what's driven the five-year loss for shareholders.
更令人鼓舞的是,該公司在過去僅7天內市值增加了人民幣66700萬元,讓我們看看是否能夠判斷是什麼導致了股東五年的虧損。
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...' 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.
引用巴菲特的話順便說一下,「船隻將環遊世界,但支持地球平面學會的人將大有可爲。 在市場上,價格和價值之間將繼續存在巨大的差異...」通過比較EPS和股價變化,我們可以了解到投資者對公司的態度隨時間的變化程度。
Looking back five years, both Wasu Media HoldingLtd's share price and EPS declined; the latter at a rate of 11% per year. The share price decline of 7% per year isn't as bad as the EPS decline. So the market may previously have expected a drop, or else it expects the situation will improve.
回顧過去五年,華數傳媒股份有限公司的股價和每股收益均下降;每年的下降速度爲11%。每年7%的股價下跌並不像每年EPS下降那麼嚴重。因此,市場可能之前預期會下降,或者市場預計情況會有所改善。
You can see how EPS has changed over time in the image below (click on the chart to see the exact values).
您可以在下面的圖片中查看每股收益如何隨時間變化(單擊圖表以查看確切的價值)。
This free interactive report on Wasu Media HoldingLtd's earnings, revenue and cash flow is a great place to start, if you want to investigate the stock further.
如果您想進一步調查該股票,華數傳媒股份有限公司的免費互動報告涵蓋了其收益、營業收入和現金流,是一個很好的起點。
What About Dividends?
那麼分紅怎麼樣呢?
As well as measuring the share price return, investors should also consider the total shareholder return (TSR). Whereas the share price return only reflects the change in the share price, the TSR includes the value of dividends (assuming they were reinvested) and the benefit of any discounted capital raising or spin-off. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. As it happens, Wasu Media HoldingLtd's TSR for the last 5 years was -20%, which exceeds the share price return mentioned earlier. This is largely a result of its dividend payments!
除了衡量股價回報外,投資者還應考慮總股東回報(TSR)。股價回報僅反映股價變化,而TSR則包括分紅價值(假設分紅再投資)以及任何折扣資本籌集或分拆的利益。因此,對於支付豐厚股息的公司,TSR通常比股價回報高得多。事實上,過去5年華數傳媒股份有限公司的TSR爲-20%,超過了前面提到的股價回報。這在很大程度上是其分紅派息的結果!
A Different Perspective
不同的觀點
The total return of 14% received by Wasu Media HoldingLtd shareholders over the last year isn't far from the market return of -14%. So last year was actually even worse than the last five years, which cost shareholders 4% per year. It will probably take a substantial improvement in the fundamental performance for the company to reverse this trend. I find it very interesting to look at share price over the long term as a proxy for business performance. But to truly gain insight, we need to consider other information, too. For example, we've discovered 2 warning signs for Wasu Media HoldingLtd (1 doesn't sit too well with us!) that you should be aware of before investing here.
過去一年華數傳媒股份有限公司股東獲得的總回報爲14%,與市場回報-14%相差無幾。因此,去年實際上比過去五年更糟糕,使股東每年損失4%。公司要扭轉這一趨勢可能需要實質性的業務表現改善。我發現長期觀察股價作爲業務表現的替代指標非常有趣。但爲了真正了解情況,我們也需要考慮其他信息。例如,我們發現了華數傳媒股份有限公司的2個警示信號(其中1個不太令人滿意!),在投資之前您應該了解。
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.
如果您願意查看另一家公司(具有潛在的更好財務狀況),請不要錯過這個免費的公司列表,證明它們可以增長收益。
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。
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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。