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China Merchants Expressway Network & Technology HoldingsLtd (SZSE:001965) shareholders have endured a 2.9% loss from investing in the stock three years ago
China Merchants Expressway Network & Technology HoldingsLtd (SZSE:001965) shareholders have endured a 2.9% loss from investing in the stock three years ago
In order to justify the effort of selecting individual stocks, it's worth striving to beat the returns from a market index fund. But in any portfolio, there are likely to be some stocks that fall short of that benchmark. Unfortunately, that's been the case for longer term China Merchants Expressway Network & Technology Holdings Co.,Ltd. (SZSE:001965) shareholders, since the share price is down 13% in the last three years, falling well short of the market return of around 37%.
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.
Check out our latest analysis for China Merchants Expressway Network & Technology HoldingsLtd
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 flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price.
During the unfortunate three years of share price decline, China Merchants Expressway Network & Technology HoldingsLtd actually saw its earnings per share (EPS) improve by 6.0% per year. Given the share price reaction, one might suspect that EPS is not a good guide to the business performance during the period (perhaps due to a one-off loss or gain). Or else the company was over-hyped in the past, and so its growth has disappointed.
We're actually a quite surprised to see the share price down while EPS have grown strongly. So we'll have to take a look at other metrics to try to understand the price action.
We note that the dividend seems healthy enough, so that probably doesn't explain the share price drop. It's good to see that China Merchants Expressway Network & Technology HoldingsLtd has increased its revenue over the last three years. If the company can keep growing revenue, there may be an opportunity for investors. You might have to dig deeper to understand the recent share price weakness.
The image below shows how earnings and revenue have tracked over time (if you click on the image you can see greater detail).
SZSE:001965 Earnings and Revenue Growth July 28th 2022We know that China Merchants Expressway Network & Technology HoldingsLtd has improved its bottom line lately, but what does the future have in store? You can see what analysts are predicting for China Merchants Expressway Network & Technology HoldingsLtd in this interactive graph of future profit estimates.
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. In the case of China Merchants Expressway Network & Technology HoldingsLtd, it has a TSR of -2.9% for the last 3 years. That exceeds its share price return that we previously mentioned. And there's no prize for guessing that the dividend payments largely explain the divergence!
A Different Perspective
We're pleased to report that China Merchants Expressway Network & Technology HoldingsLtd rewarded shareholders with a total shareholder return of 8.4% over the last year. That includes the value of the dividend. What is absolutely clear is that is far preferable to the dismal 1.0% average annual loss suffered over the last three years. The optimist would say this is evidence that the stock has bottomed, and better days lie ahead. 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. Consider risks, for instance. Every company has them, and we've spotted 1 warning sign for China Merchants Expressway Network & Technology HoldingsLtd you should know about.
We will like China Merchants Expressway Network & Technology HoldingsLtd better if we see some big insider buys. While we wait, check out this free list of growing companies with considerable, recent, insider buying.
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on CN 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.
為了證明挑選個股的努力是合理的,值得努力超越市場指數基金的回報。但在任何投資組合中,都可能會有一些股票沒有達到這一基準。不幸的是,從長遠來看,情況就是這樣招商證券高速公路網絡科技控股有限公司(SZSE:001965)由於股價在過去三年下跌了13%,遠低於約37%的市場回報率。
因此,讓我們來看看該公司的長期業績是否與基礎業務的進展一致。
查看我們對招商證券高速公路網科技控股有限公司的最新分析
本傑明·格雷厄姆(Benjamin Graham)的原話是:短期內,市場是一臺投票機,但從長遠來看,它是一臺稱重機。評估圍繞一家公司的情緒變化的一個有缺陷但合理的方法是將每股收益(EPS)與股價進行比較。
在不幸的股價下跌的三年裏,招商證券高速網絡科技控股有限公司的每股收益(EPS)實際上以每年6.0%的速度增長。考慮到股價的反應,人們可能會懷疑,每股收益不是這段時間內業務表現的良好指南(可能是因為一次性的虧損或收益)。或者,該公司過去被過度炒作,因此其增長令人失望。
實際上,我們相當驚訝地看到股價下跌,而每股收益卻強勁增長。因此,我們將不得不看看其他指標,以試圖理解價格行為。
我們注意到,股息似乎足夠健康,所以這可能無法解釋股價下跌的原因。很高興看到招商證券高速公路網絡科技控股有限公司在過去三年裏收入有所增加。如果該公司能夠保持收入增長,投資者可能會有機會。你可能需要更深入地挖掘才能理解最近的股價疲軟。
下圖顯示了收益和收入隨時間的變化情況(如果您點擊該圖,您可以看到更多詳細信息)。
深交所:2022年7月28日收益和收入增長001965我們知道招商證券高速網絡科技控股有限公司最近提高了利潤,但未來會是什麼樣子?你可以在這裏看到分析師對招商證券高速網絡科技控股有限公司的預測互動未來利潤預估圖表。
那股息呢?
在考察投資回報時,重要的是要考慮到股東總回報(TSR)和股價回報。TSR包括任何剝離或貼現融資的價值,以及任何股息,基於股息再投資的假設。可以説,TSR更全面地描繪了一隻股票產生的回報。以招商證券高速網絡科技控股有限公司為例,其最近3年的總資產收益率為-2.9%。這超過了我們之前提到的它的股價回報。而且,猜測股息支付在很大程度上解釋了這種差異是沒有好處的!
不同的視角
我們很高興地報告,招商證券高速網絡科技控股有限公司在過去一年中為股東提供了8.4%的總股東回報。這包括股息的價值。絕對清楚的是,這遠遠好於令人沮喪的1.0%的年平均增長率損失在過去的三年裏飽受煎熬。樂觀主義者會説,這是股票已經觸底的證據,更好的日子還在前面。雖然值得考慮市場狀況對股價可能產生的不同影響,但還有其他更重要的因素。例如,考慮一下風險。每家公司都有它們,我們已經發現招商證券高速公路網科技控股有限公司1個警告標誌你應該知道。
如果我們看到一些大的內部收購,我們會更喜歡招商證券高速網絡科技控股有限公司。在我們等待的時候,看看這個免費最近有大量內幕收購的成長型公司名單。
請注意,本文引用的市場回報反映了目前在CN交易所交易的股票的市場加權平均回報。
對這篇文章有什麼反饋嗎?擔心內容嗎? 保持聯繫直接與我們聯繫。或者,也可以給編輯組發電子郵件,地址是implywallst.com。
本文由Simply Wall St.撰寫,具有概括性。我們僅使用不偏不倚的方法提供基於歷史數據和分析師預測的評論,我們的文章並不打算作為財務建議。它不構成買賣任何股票的建議,也沒有考慮你的目標或你的財務狀況。我們的目標是為您帶來由基本面數據驅動的長期重點分析。請注意,我們的分析可能不會將最新的對價格敏感的公司公告或定性材料考慮在內。Simply Wall St.對上述任何一隻股票都沒有持倉。
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在加拿大,透過moomoo應用程式提供的僅限訂單執行的券商服務由Moomoo Financial Canada Inc.提供,並受加拿大投資監管機構(CIRO)監管。
在馬來西亞,moomoo上的投資產品和服務是透過Moomoo Securities Malaysia Sdn. Bhd. 提供,該公司受馬來西亞證券監督委員會(SC)監管(牌照號碼︰eCMSL/A0397/2024) ,持有資本市場服務牌照 (CMSL) 。本內容未經馬來西亞證券監督委員會的審查。
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., 是關聯公司。
風險及免責聲明
moomoo是Moomoo Technologies Inc.公司提供的金融資訊和交易應用程式。
在美國,moomoo上的投資產品和服務由Moomoo Financial Inc.提供,一家受美國證券交易委員會(SEC)監管的持牌主體。 Moomoo Financial Inc.是金融業監管局(FINRA)和證券投資者保護公司(SIPC)的成員。
在新加坡,moomoo上的投資產品和服務是通過Moomoo Financial Singapore Pte. Ltd.提供,該公司受新加坡金融管理局(MAS)監管(牌照號碼︰CMS101000) ,持有資本市場服務牌照 (CMS) ,持有財務顧問豁免(Exempt Financial Adviser)資質。本內容未經新加坡金融管理局的審查。
在澳大利亞,moomoo上的金融產品和服務是通過Futu Securities (Australia) Ltd提供,該公司是受澳大利亞證券和投資委員會(ASIC)監管的澳大利亞金融服務許可機構(AFSL No. 224663)。請閱讀並理解我們的《金融服務指南》、《條款與條件》、《隱私政策》和其他披露文件,這些文件可在我們的網站 https://www.moomoo.com/au中獲取。
在加拿大,透過moomoo應用程式提供的僅限訂單執行的券商服務由Moomoo Financial Canada Inc.提供,並受加拿大投資監管機構(CIRO)監管。
在馬來西亞,moomoo上的投資產品和服務是透過Moomoo Securities Malaysia Sdn. Bhd. 提供,該公司受馬來西亞證券監督委員會(SC)監管(牌照號碼︰eCMSL/A0397/2024) ,持有資本市場服務牌照 (CMSL) 。本內容未經馬來西亞證券監督委員會的審查。
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., 是關聯公司。
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