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Earnings Are Growing at Bank of East Asia (HKG:23) but Shareholders Still Don't Like Its Prospects
Earnings Are Growing at Bank of East Asia (HKG:23) but Shareholders Still Don't Like Its Prospects
Generally speaking long term investing is the way to go. But unfortunately, some companies simply don't succeed. To wit, the The Bank of East Asia, Limited (HKG:23) share price managed to fall 72% over five long years. That's not a lot of fun for true believers. The falls have accelerated recently, with the share price down 13% in the last three months. However, one could argue that the price has been influenced by the general market, which is down 19% in the same timeframe.
Since Bank of East Asia has shed HK$833m from its value in the past 7 days, let's see if the longer term decline has been driven by the business' economics.
View our latest analysis for Bank of East Asia
There is no denying that markets are sometimes efficient, but prices do not always reflect underlying business performance. 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.
While the share price declined over five years, Bank of East Asia actually managed to increase EPS by an average of 1.5% per year. So it doesn't seem like EPS is a great guide to understanding how the market is valuing the stock. Or possibly, the market was previously very optimistic, so the stock has disappointed, despite improving EPS.
By glancing at these numbers, we'd posit that the the market had expectations of much higher growth, five years ago. Having said that, we might get a better idea of what's going on with the stock by looking at other metrics.
The steady dividend doesn't really explain why the share price is down. It's not immediately clear to us why the stock price is down but further research might provide some answers.
You can see below how earnings and revenue have changed over time (discover the exact values by clicking on the image).
SEHK:23 Earnings and Revenue Growth September 28th 2022If you are thinking of buying or selling Bank of East Asia stock, you should check out this FREE detailed report on its balance sheet.
What About Dividends?
It is important to consider the total shareholder return, as well as the share price return, for any given stock. Whereas the share price return only reflects the change in the share price, the TSR includes the value of dividends (assuming they were reinvested) and the benefit of any discounted capital raising or spin-off. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. As it happens, Bank of East Asia's TSR for the last 5 years was -66%, which exceeds the share price return mentioned earlier. And there's no prize for guessing that the dividend payments largely explain the divergence!
A Different Perspective
While it's certainly disappointing to see that Bank of East Asia shares lost 19% throughout the year, that wasn't as bad as the market loss of 22%. What is more upsetting is the 11% per annum loss investors have suffered over the last half decade. While the losses are slowing we doubt many shareholders are happy with the stock. 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 1 warning sign with Bank of East Asia , and understanding them should be part of your investment process.
Of course Bank of East Asia may not be the best stock to buy. So you may wish to see this free collection of growth stocks.
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.
一般來説,長期投資是一條可行的道路。但不幸的是,有些公司根本就沒有成功。也就是説,東亞銀行有限公司(HKG:23)股價在長達五年的時間裏下跌了72%。對於真正的信徒來説,這並不是什麼有趣的事情。股價最近加速下跌,在過去三個月裏下跌了13%。然而,有人可能會辯稱,價格受到了大盤的影響,大盤在同一時間段內下跌了19%。
鑑於東亞銀行在過去7天裏市值縮水8.33億港元,讓我們看看長期下跌是否受到該公司經濟狀況的推動。
查看我們對東亞銀行的最新分析
不可否認,市場有時是有效的,但價格並不總是反映潛在的商業表現。通過比較每股收益(EPS)和股價隨時間的變化,我們可以感受到投資者對一家公司的態度隨着時間的推移發生了怎樣的變化。
雖然東亞銀行的股價在過去五年裏有所下降,但它實際上成功地增加每股收益平均每年增長1.5%。因此,每股收益似乎並不能很好地指導人們理解市場對股票的估值。也有可能,此前市場非常樂觀,因此儘管每股收益有所改善,但該股仍令人失望。
通過瀏覽這些數字,我們可以假設,五年前,市場曾預期會有更高的增長。話雖如此,我們可能會通過查看其他指標來更好地瞭解股票的走勢。
穩定的股息並不能真正解釋股價下跌的原因。我們目前還不清楚為什麼股價會下跌,但進一步的研究可能會提供一些答案。
你可以在下面看到收入和收入是如何隨着時間的推移而變化的(點擊圖片可以發現確切的價值)。
聯交所:23盈利及收入增長2022年9月28日如果你正在考慮買賣東亞銀行的股票,你應該看看這個。免費關於其資產負債表的詳細報告。
那股息呢?
重要的是要考慮任何給定股票的總股東回報以及股價回報。雖然股價回報只反映股價的變動,但TSR包括股息的價值(假設股息再投資),以及任何折價集資或分拆所帶來的利益。公平地説,TSR為支付股息的股票提供了更完整的圖景。事實上,東亞銀行過去5年的TSR為-66%,超過了前面提到的股價回報。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
雖然看到東亞銀行股價全年下跌19%當然令人失望,但這並不像市場下跌22%那麼糟糕。更令人沮喪的是,投資者在過去五年中遭受了每年11%的損失。雖然虧損正在放緩,但我們懷疑有多少股東對該股感到滿意。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,考慮一下無處不在的投資風險幽靈。我們已經確定了1個警告信號與東亞銀行合作,瞭解他們應該是你投資過程的一部分。
當然了東亞銀行可能不是最值得買入的股票。所以你可能想看看這個免費成長型股票的集合。
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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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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