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Investors More Bullish on New China Life Insurance (SHSE:601336) This Week as Stock Rallies 3.7%, Despite Earnings Trending Downwards Over Past Year

Investors More Bullish on New China Life Insurance (SHSE:601336) This Week as Stock Rallies 3.7%, Despite Earnings Trending Downwards Over Past Year

投資者本週對新華保險(SHSE:601336)更看好,股價上漲了3.7%,儘管過去一年收益呈下降趨勢
Simply Wall St ·  2024/10/23 14:59

The simplest way to invest in stocks is to buy exchange traded funds. But investors can boost returns by picking market-beating companies to own shares in. For example, the New China Life Insurance Company Ltd. (SHSE:601336) share price is up 40% in the last 1 year, clearly besting the market return of around 7.1% (not including dividends). So that should have shareholders smiling. The longer term returns have not been as good, with the stock price only 16% higher than it was three years ago.

投資股票的最簡單方法是購買交易所交易基金。但投資者可以通過挑選表現優異的公司來提高回報率。例如,新華保險公司股票(SHSE:601336)的股價在過去1年中上漲了40%,明顯優於市場回報率約爲7.1%(不包括分紅)。因此,股東們應該會微笑了。長期回報率並不那麼理想,股價僅比三年前高出16%。

The past week has proven to be lucrative for New China Life Insurance investors, so let's see if fundamentals drove the company's one-year performance.

過去一週對新華保險股東來說是賺錢的,讓我們看看是否基本面推動了公司的一年表現。

While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance. 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.

雖然市場是一個強大的定價機制,但股價反映的不僅僅是企業的基本業績,還有投資者的情緒。一個不完美但簡單的方式來考慮公司市場意識的變化是比較每股收益(EPS)的變化和股價的變化。

During the last year, New China Life Insurance actually saw its earnings per share drop 56%.

在過去一年裏,新華保險實際上看到其每股收益下降了56%。

This means it's unlikely the market is judging the company based on earnings growth. Therefore, it seems likely that investors are putting more weight on metrics other than EPS, at the moment.

這意味着市場不太可能根據收益增長來評估公司。因此,目前看來,投資者更加重視除每股收益之外的指標。

Unfortunately New China Life Insurance's fell 16% over twelve months. So the fundamental metrics don't provide an obvious explanation for the share price gain.

很遺憾,新華保險股價在十二個月內下跌了16%。因此,基本指標並沒有明顯解釋股價上漲的原因。

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)。

big
SHSE:601336 Earnings and Revenue Growth October 23rd 2024
SHSE:601336盈利和營業收入增長2024年10月23日

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. If you are thinking of buying or selling New China Life Insurance stock, you should check out this free report showing analyst profit forecasts.

值得注意的是,CEO的薪酬低於類似規模公司的中位數。但是,雖然CEO的薪酬值得檢查,但真正重要的問題是該公司是否能夠在未來增長收益。如果您正在考慮買入或賣出新華保險股票,您應該查看這份免費報告,其中顯示了分析師的利潤預測。

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). 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. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. We note that for New China Life Insurance the TSR over the last 1 year was 44%, which is better than the share price return mentioned above. 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)。TSR是一種回報計算,考慮了現金分紅的價值(假設已再投資任何收到的股息)以及任何折現的資本增發和分拆的計算價值。可以說TSR爲支付股息的股票提供了更完整的圖片。我們注意到,新華保險過去1年的TSR爲44%,比上述股價回報要好。這在很大程度上是其股息支付的結果!

A Different Perspective

不同的觀點

It's nice to see that New China Life Insurance shareholders have received a total shareholder return of 44% over the last year. That's including the dividend. That's better than the annualised return of 4% over half a decade, implying that the company is doing better recently. Given the share price momentum remains strong, it might be worth taking a closer look at the stock, lest you miss an opportunity. It's always interesting to track share price performance over the longer term. But to understand New China Life Insurance better, we need to consider many other factors. For instance, we've identified 2 warning signs for New China Life Insurance that you should be aware of.

很高興看到新華保險的股東在過去一年中獲得了總股東回報率高達44%。這已經包括了分紅派息。比過去五年年化回報率4%更好,這意味着公司最近表現更好。鑑於股價的勢頭依然強勁,值得更仔細地研究該股,以免錯失機會。長期追蹤股價表現總是很有趣。但要更好地了解新華保險,我們需要考慮許多其他因素。例如,我們已經發現了新華保險的2個警示信號,你應該注意。

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 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。

声明:本內容僅用作提供資訊及教育之目的,不構成對任何特定投資或投資策略的推薦或認可。 更多信息
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