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Central China Land MediaLTD (SZSE:000719) Jumps 4.7% This Week, Though Earnings Growth Is Still Tracking Behind Three-year Shareholder Returns

Central China Land MediaLTD (SZSE:000719) Jumps 4.7% This Week, Though Earnings Growth Is Still Tracking Behind Three-year Shareholder Returns

华中置地MediaLTD(深圳证券交易所代码:000719)本周上涨4.7%,尽管收益增长仍落后于三年股东回报
Simply Wall St ·  05/21 22:28

One simple way to benefit from the stock market is to buy an index fund. But if you buy good businesses at attractive prices, your portfolio returns could exceed the average market return. For example, the Central China Land Media CO.,LTD (SZSE:000719) share price is up 56% in the last three years, clearly besting the market decline of around 20% (not including dividends). On the other hand, the returns haven't been quite so good recently, with shareholders up just 1.2%, including dividends.

从股票市场中获益的一种简单方法是购买指数基金。但是,如果你以诱人的价格收购优秀的企业,你的投资组合回报率可能会超过平均市场回报。例如,华中大地传媒有限公司, LTD(深圳证券交易所代码:000719)股价在过去三年中上涨了56%,显然超过了市场约20%的跌幅(不包括股息)。另一方面,最近的回报并不那么好,股东仅上涨了1.2%,包括股息。

On the back of a solid 7-day performance, let's check what role the company's fundamentals have played in driving long term shareholder returns.

在连续7天表现稳健的背景下,让我们来看看公司的基本面在推动长期股东回报方面发挥了什么作用。

In his essay The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not always rationally reflect the value of a business. 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).

在他的文章中 格雷厄姆和多兹维尔的超级投资者 沃伦·巴菲特描述了股价如何并不总是合理地反映企业的价值。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。

Central China Land MediaLTD was able to grow its EPS at 12% per year over three years, sending the share price higher. In comparison, the 16% per year gain in the share price outpaces the EPS growth. So it's fair to assume the market has a higher opinion of the business than it did three years ago. It is quite common to see investors become enamoured with a business, after a few years of solid progress.

华中置地MediaLtd得以在三年内以每年12%的速度增长每股收益,这推动了股价的上涨。相比之下,股价每年16%的涨幅超过了每股收益的增长。因此,可以公平地假设市场对该业务的看法比三年前更高。在经历了几年的稳步进展之后,投资者对企业着迷是很常见的。

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 随时间推移的变化(点击图表查看确切值)。

earnings-per-share-growth
SZSE:000719 Earnings Per Share Growth May 22nd 2024
SZSE: 000719 每股收益增长 2024 年 5 月 22 日

We know that Central China Land MediaLTD has improved its bottom line lately, but is it going to grow revenue? This free report showing analyst revenue forecasts should help you figure out if the EPS growth can be sustained.

我们知道华中置地MediaLTD最近提高了利润,但它会增加收入吗?这份显示分析师收入预测的免费报告应帮助您弄清楚每股收益的增长是否可以持续。

What About Dividends?

分红呢?

It is important to consider the total shareholder return, as well as the share price return, for any given stock. 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. In the case of Central China Land MediaLTD, it has a TSR of 77% for the last 3 years. That exceeds its share price return that we previously mentioned. This is largely a result of its dividend payments!

重要的是要考虑任何给定股票的股东总回报率和股价回报率。股东总回报率包含任何分拆或贴现资本筹集的价值,以及任何股息,前提是股息是再投资的。可以说,股东总回报率更全面地描述了股票产生的回报。就华中置地MediaLtd而言,其在过去三年的股东回报率为77%。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

We're pleased to report that Central China Land MediaLTD shareholders have received a total shareholder return of 1.2% over one year. Of course, that includes the dividend. However, that falls short of the 12% TSR per annum it has made for shareholders, each year, over five years. Potential buyers might understandably feel they've missed the opportunity, but it's always possible business is still firing on all cylinders. 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. Consider for instance, the ever-present spectre of investment risk. We've identified 2 warning signs with Central China Land MediaLTD (at least 1 which doesn't sit too well with us) , and understanding them should be part of your investment process.

我们很高兴地向大家报告,华中置地MediaLtd的股东在一年内获得了1.2%的总股东回报率。当然,这包括股息。但是,这低于其在五年内每年为股东创造的12%的股东总回报率。潜在买家可能会觉得他们错过了机会,这是可以理解的,但业务总是有可能全力以赴的。我发现将长期股价视为业务绩效的代表非常有趣。但是,要真正获得见解,我们还需要考虑其他信息。例如,投资风险的幽灵无处不在。我们已经向华中置地MediaLTD确定了两个警告信号(至少有1个不太适合我们),了解它们应该是您投资过程的一部分。

We will like Central China Land MediaLTD better if we see some big insider buys. While we wait, check out this free list of undervalued stocks (mostly small caps) with considerable, recent, insider buying.

如果我们看到一些大规模的内幕收购,我们会更喜欢华中置地MediaLTD。在我们等待的同时,请查看这份被低估的股票(主要是小盘股)的免费清单,这些股票最近有大量的内幕买盘。

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

请注意,本文引用的市场回报反映了目前在中国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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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,也没有考虑到您的目标或财务状况。我们的目标是为您提供由基本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型公司公告或定性材料。简而言之,华尔街没有持有任何上述股票的头寸。

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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