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Datang International Power Generation (HKG:991 Investor Five-year Losses Grow to 18% as the Stock Sheds HK$1.9b This Past Week

Datang International Power Generation (HKG:991 Investor Five-year Losses Grow to 18% as the Stock Sheds HK$1.9b This Past Week

大唐国际发电(HKG: 991)投资者五年亏损增至18%,原因是该股上周下跌了19亿港元
Simply Wall St ·  2023/10/18 19:43

The main aim of stock picking is to find the market-beating stocks. But in any portfolio, there will be mixed results between individual stocks. So we wouldn't blame long term Datang International Power Generation Co., Ltd. (HKG:991) shareholders for doubting their decision to hold, with the stock down 36% over a half decade. We also note that the stock has performed poorly over the last year, with the share price down 36%. Shareholders have had an even rougher run lately, with the share price down 20% in the last 90 days.

选股的主要目的是找到击败市场的股票。但是在任何投资组合中,个股之间的结果都会好坏参半。所以从长远来看,我们不会把责任推给别人 大唐国际发电有限公司 (HKG: 991) 股东怀疑他们持有的决定,该股在五年中下跌了36%。我们还注意到,该股在过去一年中表现不佳,股价下跌了36%。最近,股东们的表现更加艰难,股价在过去90天内下跌了20%。

With the stock having lost 8.3% in the past week, it's worth taking a look at business performance and seeing if there's any red flags.

由于该股在过去一周下跌了8.3%,因此值得一看业务表现,看看是否有任何危险信号。

View our latest analysis for Datang International Power Generation

查看我们对大唐国际发电的最新分析

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...' One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS).

引用巴菲特的话说:“船只将在世界各地航行,但Flat Earth Society将蓬勃发展。市场上的价格和价值之间将继续存在巨大差异...”研究市场情绪如何随着时间的推移而变化的一种方法是研究公司股价与其每股收益(EPS)之间的相互作用。

Datang International Power Generation has made a profit in the past. On the other hand, it reported a trailing twelve months loss, suggesting it isn't reliably profitable. Other metrics might give us a better handle on how its value is changing over time.

大唐国际发电过去曾盈利。另一方面,该公司报告了过去十二个月的亏损,这表明它无法可靠地盈利。其他指标可能会让我们更好地了解其价值如何随着时间的推移而变化。

In contrast to the share price, revenue has actually increased by 5.6% a year in the five year period. A more detailed examination of the revenue and earnings may or may not explain why the share price languishes; there could be an opportunity.

与股价形成鲜明对比的是,在过去的五年中,收入实际上每年增长5.6%。对收入和收益的更详细的审查可能会也可能无法解释股价下跌的原因;可能有机会。

You can see how earnings and revenue have 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收入和收入随时间推移而发生的变化(点击图表查看确切值)。

earnings-and-revenue-growth
SEHK:991 Earnings and Revenue Growth October 18th 2023
香港联交所:991 2023年10月18日收益和收入增长

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. So it makes a lot of sense to check out what analysts think Datang International Power Generation will earn in the future (free profit forecasts).

可能值得注意的是,首席执行官的薪水低于类似规模公司的中位数。始终值得关注首席执行官的薪酬,但更重要的问题是公司是否会在这些年中增加收益。因此,看看分析师认为大唐国际发电未来将获得的收入(免费利润预测)是很有意义的。

What About Dividends?

分红呢?

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. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. In the case of Datang International Power Generation, it has a TSR of -18% for the last 5 years. That exceeds its share price return that we previously mentioned. This is largely a result of its dividend payments!

除了衡量股价回报外,投资者还应考虑股东总回报(TSR)。股东总回报率是一种回报计算方法,它考虑了现金分红的价值(假设收到的任何股息都被再投资)以及任何贴现的融资和分拆的计算价值。可以说,股东总回报率更全面地描述了股票产生的回报。就大唐国际发电而言,其过去5年的股东总回报率为-18%。这超过了我们之前提到的其股价回报率。这在很大程度上是其股息支付的结果!

A Different Perspective

不同的视角

Investors in Datang International Power Generation had a tough year, with a total loss of 34% (including dividends), against a market gain of about 12%. However, keep in mind that even the best stocks will sometimes underperform the market over a twelve month period. Unfortunately, last year's performance may indicate unresolved challenges, given that it was worse than the annualised loss of 3% over the last half decade. We realise that Baron Rothschild has said investors should "buy when there is blood on the streets", but we caution that investors should first be sure they are buying a high quality business. While it is well worth considering the different impacts that market conditions can have on the share price, there are other factors that are even more important. For example, we've discovered 1 warning sign for Datang International Power Generation that you should be aware of before investing here.

大唐国际发电的投资者经历了艰难的一年,总亏损34%(包括股息),而市场涨幅约为12%。但是,请记住,即使是最好的股票有时也会在十二个月内表现低于市场。不幸的是,去年的表现可能表明挑战尚未解决,因为这比过去五年中3%的年化亏损还要糟糕。我们意识到,罗斯柴尔德男爵曾表示,投资者应该 “在街上流血时买入”,但我们提醒说,投资者应首先确保他们购买的是高质量的企业。尽管值得考虑市场状况可能对股价产生的不同影响,但还有其他因素更为重要。例如,我们发现 1 个大唐国际发电的警告标志 在这里投资之前,你应该注意这一点。

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, 你可能会在其他地方找到一笔不错的投资。 所以来看看这个 免费的 我们预计的公司名单将增加收益。

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。

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.

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Simply Wall St 的这篇文章本质上是笼统的。 我们仅使用公正的方法根据历史数据和分析师的预测提供评论,我们的文章无意作为财务建议。 它不构成买入或卖出任何股票的建议,也没有考虑您的目标或财务状况。我们的目标是为您提供由基本面数据驱动的长期重点分析。请注意,我们的分析可能不考虑最新的价格敏感公司公告或定性材料。简而言之,华尔街在上述任何股票中都没有头寸。

声明:本内容仅用作提供资讯及教育之目的,不构成对任何特定投资或投资策略的推荐或认可。 更多信息
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