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China Water Affairs Group's (HKG:855) Earnings Growth Rate Lags the 8.4% CAGR Delivered to Shareholders
China Water Affairs Group's (HKG:855) Earnings Growth Rate Lags the 8.4% CAGR Delivered to Shareholders
Stock pickers are generally looking for stocks that will outperform the broader market. And while active stock picking involves risks (and requires diversification) it can also provide excess returns. For example, long term China Water Affairs Group Limited (HKG:855) shareholders have enjoyed a 25% share price rise over the last half decade, well in excess of the market decline of around 23% (not including dividends).
Since the long term performance has been good but there's been a recent pullback of 9.8%, let's check if the fundamentals match the share price.
Check out our latest analysis for China Water Affairs Group
To paraphrase Benjamin Graham: Over the short term the market is a voting machine, but over the long term it's a weighing machine. 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.
During five years of share price growth, China Water Affairs Group achieved compound earnings per share (EPS) growth of 15% per year. The EPS growth is more impressive than the yearly share price gain of 5% over the same period. So it seems the market isn't so enthusiastic about the stock these days. This cautious sentiment is reflected in its (fairly low) P/E ratio of 5.60.
You can see how EPS has changed over time in the image below (click on the chart to see the exact values).
SEHK:855 Earnings Per Share Growth September 15th 2022We consider it positive that insiders have made significant purchases in the last year. Even so, future earnings will be far more important to whether current shareholders make money. Dive deeper into the earnings by checking this interactive graph of China Water Affairs Group's earnings, revenue and cash flow.
What About Dividends?
When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. The TSR incorporates the value of any spin-offs or discounted capital raisings, along with any dividends, based on the assumption that the dividends are reinvested. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. We note that for China Water Affairs Group the TSR over the last 5 years was 50%, which is better than the share price return mentioned above. And there's no prize for guessing that the dividend payments largely explain the divergence!
A Different Perspective
We regret to report that China Water Affairs Group shareholders are down 23% for the year (even including dividends). Unfortunately, that's worse than the broader market decline of 20%. However, it could simply be that the share price has been impacted by broader market jitters. It might be worth keeping an eye on the fundamentals, in case there's a good opportunity. On the bright side, long term shareholders have made money, with a gain of 8% per year over half a decade. It could be that the recent sell-off is an opportunity, so it may be worth checking the fundamental data for signs of a long term growth trend. It's always interesting to track share price performance over the longer term. But to understand China Water Affairs Group better, we need to consider many other factors. Case in point: We've spotted 2 warning signs for China Water Affairs Group you should be aware of, and 1 of them is significant.
China Water Affairs Group is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on HK exchanges.
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.
选股人士一般都在寻找表现好于大盘的股票。虽然主动选股会带来风险(并需要分散投资),但它也可以提供超额回报。例如,长期中国水业集团事务集团有限公司(HKG:855)股东在过去五年的股价升幅达25%,远超大市约23%的跌幅(不包括股息)。
由于长期表现良好,但最近出现了9.8%的回调,让我们看看基本面是否与股价匹配。
查看我们对中国水业集团事务组的最新分析
本杰明·格雷厄姆(Benjamin Graham)的原话是:短期内,市场是一台投票机,但从长远来看,它是一台称重机。一种不完美但简单的方法来考虑市场对一家公司的看法是如何改变的,那就是将每股收益(EPS)的变化与股价走势进行比较。
在五年的股价增长中,中国水业集团事务集团实现了每股收益年均15%的复合增长。每股收益的增长比同期5%的年股价涨幅更令人印象深刻。因此,这些天市场对该股的热情似乎不那么高。这种谨慎的情绪反映在其5.60的(相当低的)市盈率上。
您可以在下图中看到EPS是如何随着时间的推移而变化的(单击图表可查看精确值)。
联交所:每股盈利增长855 2022年9月15日我们认为,内部人士在过去一年进行了大量收购,这是积极的。即便如此,未来的收益对现有股东是否赚钱将重要得多。通过查看中国水业集团事务集团的收益、收入和现金流的互动图表,更深入地了解收益。
那股息呢?
在考察投资回报时,重要的是要考虑到股东总回报(TSR)和股价回报。TSR包括任何剥离或贴现融资的价值,以及任何股息,基于股息再投资的假设。可以说,TSR更全面地描绘了一只股票产生的回报。我们注意到,中国水业集团事务集团过去5年的总回报率为50%,好于上述股价回报率。而且,猜测股息支付在很大程度上解释了这种差异是没有好处的!
不同的视角
我们遗憾地报告,中国水业集团事务集团的股东今年以来下跌了23%(即使包括股息)。不幸的是,这比大盘20%的跌幅还要糟糕。然而,这可能只是因为股价受到了更广泛的市场紧张情绪的影响。也许有必要关注基本面,以防出现良机。好的一面是,长期股东已经赚到了钱,过去五年的年回报率为8%。最近的抛售可能是一个机会,因此可能值得查看基本面数据,以寻找长期增长趋势的迹象。跟踪股价的长期表现总是很有趣的。但要更好地理解中国水业集团事务集团,我们还需要考虑许多其他因素。一个恰当的例子:我们发现了中国水业集团事务组的2个警示标志你应该意识到,其中1个是重要的。
中国水业集团事务集团并不是业内人士唯一买入的股票。所以让我们来看看这个免费内幕收购的成长型公司名单。
请注意,本文引用的市场回报反映了目前在香港交易所交易的股票的市场加权平均回报。
对这篇文章有什么反馈吗?担心内容吗? 保持联系直接与我们联系。或者,也可以给编辑组发电子邮件,地址是implywallst.com。
本文由Simply Wall St.撰写,具有概括性。我们仅使用不偏不倚的方法提供基于历史数据和分析师预测的评论,我们的文章并不打算作为财务建议。它不构成买卖任何股票的建议,也没有考虑你的目标或你的财务状况。我们的目标是为您带来由基本面数据驱动的长期重点分析。请注意,我们的分析可能不会将最新的对价格敏感的公司公告或定性材料考虑在内。Simply Wall St.对上述任何一只股票都没有持仓。
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moomoo是Moomoo Technologies Inc.公司提供的金融信息和交易应用程序。
在美国,moomoo上的投资产品和服务由Moomoo Financial Inc.提供,一家受美国证券交易委员会(SEC)监管的持牌主体。 Moomoo Financial Inc.是金融业监管局(FINRA)和证券投资者保护公司(SIPC)的成员。
在新加坡,moomoo上的投资产品和服务是通过Moomoo Financial Singapore Pte. Ltd.提供,该公司受新加坡金融管理局(MAS)监管(牌照号码︰CMS101000) ,持有资本市场服务牌照 (CMS) ,持有财务顾问豁免(Exempt Financial Adviser)资质。本内容未经新加坡金融管理局的审查。
在澳大利亚,moomoo上的金融产品和服务是通过Futu Securities (Australia) Ltd提供,该公司是受澳大利亚证券和投资委员会(ASIC)监管的澳大利亚金融服务许可机构(AFSL No. 224663)。请阅读并理解我们的《金融服务指南》、《条款与条件》、《隐私政策》和其他披露文件,这些文件可在我们的网站 https://www.moomoo.com/au中获取。
在加拿大,通过moomoo应用提供的仅限订单执行的券商服务由Moomoo Financial Canada Inc.提供,并受加拿大投资监管机构(CIRO)监管。
在马来西亚,moomoo上的投资产品和服务是通过Moomoo Securities Malaysia Sdn. Bhd. 提供,该公司受马来西亚证券监督委员会(SC)监管(牌照号码︰eCMSL/A0397/2024) ,持有资本市场服务牌照 (CMSL) 。本内容未经马来西亚证券监督委员会的审查。
Moomoo Technologies Inc., Moomoo Financial Inc., Moomoo Financial Singapore Pte. Ltd., Futu Securities (Australia) Ltd, Moomoo Financial Canada Inc.,和Moomoo Securities Malaysia Sdn. Bhd.是关联公司。
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