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Investors in Minmetals Land (HKG:230) From Five Years Ago Are Still Down 61%, Even After 54% Gain This Past Week

Investors in Minmetals Land (HKG:230) From Five Years Ago Are Still Down 61%, Even After 54% Gain This Past Week

五矿地产(HKG:230)的投资者从五年前开始还处于61%的亏损,即使在过去一周获得了54%的收益。
Simply Wall St ·  09/30 18:40

Minmetals Land Limited (HKG:230) shareholders are doubtless heartened to see the share price bounce 54% in just one week. But that is little comfort to those holding over the last half decade, sitting on a big loss. The share price has failed to impress anyone , down a sizable 65% during that time. So we're not so sure if the recent bounce should be celebrated. But it could be that the fall was overdone.

五矿地产有限公司(HKG:230)的股东毫无疑问地看到股价在短短一周内上涨了54%。 但对于那些持有股票超过过去半个世纪且亏损惨重的人来说,这是很少的安慰。 股价未能令任何人印象深刻,在此期间下降了整整65%。 因此,我们不太确定最近的反弹是否应该庆祝。 但可能是跌幅过度。

While the stock has risen 54% in the past week but long term shareholders are still in the red, let's see what the fundamentals can tell us.

尽管股价在过去一周上涨了54%,但长期股东仍然处于亏损状态,让我们看看基本面能告诉我们什么。

Minmetals Land isn't currently profitable, so most analysts would look to revenue growth to get an idea of how fast the underlying business is growing. Shareholders of unprofitable companies usually desire strong revenue growth. That's because it's hard to be confident a company will be sustainable if revenue growth is negligible, and it never makes a profit.

五矿地产目前没有盈利,因此大多数分析师会关注营业收入增长,以了解基础业务增长速度。 通常情况下,无盈利公司的股东希望看到强劲的营业收入增长。 这是因为如果营业收入增长微不足道,且从未盈利,很难相信一家公司会可持续。

In the last half decade, Minmetals Land saw its revenue increase by 4.1% per year. That's far from impressive given all the money it is losing. This lacklustre growth has no doubt fueled the loss of 11% per year, in that time. We'd want to see proof that future revenue growth is likely to be significantly stronger before getting too interested in Minmetals Land. However, it's possible too many in the market will ignore it, and there may be an opportunity if it starts to recover down the track.

在过去的半个世纪里,五矿地产的营业收入每年增长4.1%。 鉴于公司亏损严重,这远非令人印象深刻。 这种平淡的增长无疑加剧了亏损,平均每年达到11%。 在对五矿地产产生兴趣之前,我们希望看到未来营业收入增长有望显著增强的证据。 然而,如果市场上有太多人选择忽视它,并且随着时间推移,恢复的机会可能会出现。

The company's revenue and earnings (over time) are depicted in the image below (click to see the exact numbers).

以下图像显示了公司的营业收入和盈利(随时间变化)(单击以查看准确的数字)。

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SEHK:230 Earnings and Revenue Growth September 30th 2024
SEHK:230 2024年9月30日盈利和营业收入增长

It's probably worth noting that the CEO is paid less than the median at similar sized companies. But while CEO remuneration is always worth checking, the really important question is whether the company can grow earnings going forward. Dive deeper into the earnings by checking this interactive graph of Minmetals Land's earnings, revenue and cash flow.

值得注意的是,CEO的薪酬比同等规模公司的中位数要低。尽管CEO的薪酬总是值得检查的,但真正重要的问题是公司未来能否增长收益。通过查看五矿地产收益、营业收入和现金流的互动图,深入了解收益情况。

What About The Total Shareholder Return (TSR)?

那么,股东总回报(TSR)呢?

We'd be remiss not to mention the difference between Minmetals Land's total shareholder return (TSR) and its 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. Dividends have been really beneficial for Minmetals Land shareholders, and that cash payout explains why its total shareholder loss of 61%, over the last 5 years, isn't as bad as the share price return.

我们不提及五矿地产的总股东回报率(TSR)和股价回报率之间的差异会有所遗漏。 TSR是一种回报计算,考虑了现金分红价值(假设任何收到的分红都重新投资)以及任何折扣的股本募集和分拆的计算价值。 分红对五矿地产股东非常有益,现金支付解释了为什么过去5年总股东损失61%,并不像股价回报那样糟糕。

A Different Perspective

不同的观点

Minmetals Land shareholders are up 2.8% for the year. But that return falls short of the market. But at least that's still a gain! Over five years the TSR has been a reduction of 10% per year, over five years. It could well be that the business is stabilizing. It's always interesting to track share price performance over the longer term. But to understand Minmetals Land better, we need to consider many other factors. For instance, we've identified 3 warning signs for Minmetals Land (2 shouldn't be ignored) that you should be aware of.

五矿地产股东今年获得了2.8%的回报。 但这个回报还不及市场。至少这依然是一笔收益!5年来TSR每年减少10%,可能业务正在稳定。追踪股价长期表现总是很有趣。 但要更好地了解五矿地产,我们需要考虑许多其他因素。 例如,我们已经发现了5矿地产的3个警示信号(2个不应忽视),您应该知晓。

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.

当然,您可能在其他地方找到一家出色的企业进行投资。因此,请查看我们预计将实现盈利增长的公司的免费列表。

Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on Hong Kong exchanges.

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。

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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.

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