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The Five-year Loss for China Cinda Asset Management (HKG:1359) Shareholders Likely Driven by Its Shrinking Earnings
The Five-year Loss for China Cinda Asset Management (HKG:1359) Shareholders Likely Driven by Its Shrinking Earnings
For many, the main point of investing is to generate higher returns than the overall market. But in any portfolio, there will be mixed results between individual stocks. At this point some shareholders may be questioning their investment in China Cinda Asset Management Co., Ltd. (HKG:1359), since the last five years saw the share price fall 65%. Shareholders have had an even rougher run lately, with the share price down 15% in the last 90 days.
While the stock has risen 3.8% in the past week but long term shareholders are still in the red, let's see what the fundamentals can tell us.
Check out our latest analysis for China Cinda Asset Management
While the efficient markets hypothesis continues to be taught by some, it has been proven that markets are over-reactive dynamic systems, and investors are not always rational. 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 five years over which the share price declined, China Cinda Asset Management's earnings per share (EPS) dropped by 7.5% each year. This reduction in EPS is less than the 19% annual reduction in the share price. So it seems the market was too confident about the business, in the past. The less favorable sentiment is reflected in its current P/E ratio of 3.26.
You can see below how EPS has changed over time (discover the exact values by clicking on the image).
SEHK:1359 Earnings Per Share Growth August 17th 2022We know that China Cinda Asset Management has improved its bottom line lately, but is it going to grow revenue? If you're interested, you could check this free report showing consensus revenue forecasts.
What About Dividends?
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 China Cinda Asset Management, it has a TSR of -50% for the last 5 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
Although it hurts that China Cinda Asset Management returned a loss of 16% in the last twelve months, the broader market was actually worse, returning a loss of 17%. Unfortunately, last year's performance may indicate unresolved challenges, given that it's worse than the annualised loss of 8% over the last half decade. Whilst Baron Rothschild does tell the investor "buy when there's blood in the streets, even if the blood is your own", buyers would need to examine the data carefully to be comfortable that the business itself is sound. 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. For example, we've discovered 2 warning signs for China Cinda Asset Management (1 doesn't sit too well with us!) that you should be aware of before investing here.
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of companies that have proven they can grow earnings.
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.
對許多人來説,投資的主要目的是創造比整體市場更高的回報。但在任何投資組合中,個股之間的結果都會喜憂參半。在這一點上,一些股東可能會質疑他們在中國信達資產管理有限公司。(HKG:1359),自過去五年股價下跌65%以來。股東們最近的表現更加艱難,股價在過去90天裏下跌了15%。
儘管該股在過去一週上漲了3.8%,但長期股東仍處於虧損狀態,讓我們看看基本面能告訴我們什麼。
查看我們對中國信達資產管理公司的最新分析
雖然有效市場假説繼續被一些人傳授,但事實證明,市場是過度反應的動態系統,投資者並不總是理性的。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。
在股價下跌的五年中,中國信達資產管理公司的每股收益(EPS)每年下降7.5%。每股收益的這一降幅低於該公司股價每年19%的降幅。因此,過去市場似乎對這項業務過於自信。這種不那麼有利的情緒反映在其目前3.26的市盈率上。
您可以在下面看到EPS是如何隨着時間的推移而變化的(通過單擊圖像來了解確切的值)。
聯交所:每股盈利增長1359 2022年8月17日我們知道中國信達資產管理公司最近提高了利潤,但它會增加收入嗎?如果你感興趣,你可以看看這個免費顯示一致收入預測的報告。
那股息呢?
除了衡量股價回報外,投資者還應考慮總股東回報(TSR)。TSR是一種回報計算,計入了現金股息的價值(假設收到的任何股息都進行了再投資),以及任何貼現融資和剝離的計算價值。可以説,TSR更全面地描繪了一隻股票產生的回報。以中國信達資產管理公司為例,其最近5年的總資產收益率為-50%。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
儘管中國信達資產管理在過去12個月中虧損16%令人痛心,但大盤實際上更糟糕,回報率為17%。不幸的是,去年的表現可能預示着尚未解決的挑戰,因為它比過去五年8%的年化損失更糟糕。雖然羅斯柴爾德男爵確實會告訴投資者“在街上有血的時候買入,即使血是你自己的”,但買家需要仔細檢查數據,才能確信業務本身是穩健的。我發現,把股價作為衡量企業業績的長期指標是非常有趣的。但為了真正獲得洞察力,我們還需要考慮其他信息。例如,我們發現中國信達資產管理的2個警示信號(%1與我們的關係不太好!)在這裏投資之前你應該意識到這一點。
如果你更願意看看另一家公司--一家財務狀況可能更好的公司--那麼不要錯過這一點免費已證明自己能夠實現盈利增長的公司名單。
請注意,本文引用的市場回報反映了目前在香港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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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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