Dongguan Rural Commercial Bank (HKG:9889) Investors Are Sitting on a Loss of 5.9% If They Invested a Year Ago
Dongguan Rural Commercial Bank (HKG:9889) Investors Are Sitting on a Loss of 5.9% If They Invested a Year Ago
It's easy to match the overall market return by buying an index fund. When you buy individual stocks, you can make higher profits, but you also face the risk of under-performance. Unfortunately the Dongguan Rural Commercial Bank Co., Ltd. (HKG:9889) share price slid 10% over twelve months. That's disappointing when you consider the market declined 1.3%. We wouldn't rush to judgement on Dongguan Rural Commercial Bank because we don't have a long term history to look at.
购买指数基金很容易达到与整体市场回报相匹配的水平。当你购买个股时，你可以获得更高的利润，但你也面临表现不佳的风险。不幸的是，东莞农村商业银行股份有限公司。(HKG：9889)股价在12个月内下滑了10%。当你考虑到市场下跌了1.3%时，这是令人失望的。我们不会急于对东莞农村商业银行下结论，因为我们没有很长的历史可看。
So let's have a look and see if the longer term performance of the company has been in line with the underlying business' progress.
因此，让我们来看看该公司的长期业绩是否与基础业务的进展一致。
View our latest analysis for Dongguan Rural Commercial Bank
查看我们对东莞农村商业银行的最新分析
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.
用巴菲特的话说，“船只将在世界各地航行，但平坦的地球协会将蓬勃发展。市场上的价格和价值之间将继续存在巨大的差异……”通过比较每股收益(EPS)和股价随时间的变化，我们可以感受到投资者对一家公司的态度随着时间的推移发生了怎样的变化。
Unfortunately Dongguan Rural Commercial Bank reported an EPS drop of 7.1% for the last year. This reduction in EPS is not as bad as the 10% share price fall. Unsurprisingly, given the lack of EPS growth, the market seems to be more cautious about the stock. The less favorable sentiment is reflected in its current P/E ratio of 6.76.
不幸的是，东莞农村商业银行报告去年每股收益下降了7.1%。每股收益的减少并不像股价下跌10%那么糟糕。不出所料，鉴于EPS增长乏力，市场似乎对该股更为谨慎。这种不那么有利的情绪反映在其目前6.76的市盈率上。
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)。
It's probably worth noting that the CEO is paid less than the median at similar sized 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 Dongguan Rural Commercial Bank's earnings, revenue and cash flow.
可能值得注意的是，首席执行官的薪酬低于类似规模公司的中位数。关注首席执行官的薪酬总是值得的，但更重要的问题是，该公司是否会在未来几年实现盈利增长。也许很值得一看我们的免费东莞农村商业银行收益、收入和现金流报告。
What About Dividends?
那股息呢？
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. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. As it happens, Dongguan Rural Commercial Bank's TSR for the last 1 year was -5.9%, which exceeds the share price return mentioned earlier. This is largely a result of its dividend payments!
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是一种回报计算，计入了现金股息的价值(假设收到的任何股息都进行了再投资)，以及任何贴现融资和剥离的计算价值。可以说，TSR更全面地描绘了一只股票产生的回报。碰巧的是，东莞农村商业银行最近一年的TSR为-5.9%，超过了前面提到的股价回报。这在很大程度上是其股息支付的结果！
A Different Perspective
不同的视角
While Dongguan Rural Commercial Bank shareholders are down 5.9% for the year (even including dividends), the market itself is up 1.3%. However, keep in mind that even the best stocks will sometimes underperform the market over a twelve month period. With the stock down 1.3% over the last three months, the market doesn't seem to believe that the company has solved all its problems. Basically, most investors should be wary of buying into a poor-performing stock, unless the business itself has clearly improved. 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. Even so, be aware that Dongguan Rural Commercial Bank is showing 1 warning sign in our investment analysis , you should know about...
尽管东莞农村商业银行股东今年下跌了5.9%(甚至包括股息)，但大盘本身却上涨了1.3%。然而，请记住，即使是最好的股票，在12个月的时间里，有时也会表现逊于市场。鉴于该公司股价在过去三个月里下跌了1.3%，市场似乎并不认为该公司已经解决了所有问题。基本上，大多数投资者应该对买入表现不佳的股票保持警惕，除非业务本身已经明显改善。我发现，把股价作为衡量企业业绩的长期指标是非常有趣的。但为了真正获得洞察力，我们还需要考虑其他信息。即便如此，请注意，东莞农村商业银行正在显示出在我们的投资分析中出现1个警告信号，你应该知道关于……
For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
对于那些想要找到赢得投资这免费最近有内幕收购的不断增长的公司名单可能就是合适的选择。
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目前在香港交易所交易的股票的市场加权平均回报。
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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。