China Merchants Property Operation & Service Co., Ltd. (SZSE:001914) shareholders might be concerned after seeing the share price drop 14% in the last quarter. Looking further back, the stock has generated good profits over five years. Its return of 44% has certainly bested the market return!
Although China Merchants Property Operation & Service has shed CN¥2.3b from its market cap this week, let's take a look at its longer term fundamental trends and see if they've driven returns.
See our latest analysis for China Merchants Property Operation & Service
While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance. 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 five years of share price growth, China Merchants Property Operation & Service achieved compound earnings per share (EPS) growth of 84% per year. This EPS growth is higher than the 8% average annual increase in the share price. So one could conclude that the broader market has become more cautious towards the stock.
The graphic below depicts how EPS has changed over time (unveil the exact values by clicking on the image).
SZSE:001914 Earnings Per Share Growth October 4th 2022
We know that China Merchants Property Operation & Service has improved its bottom line lately, but is it going to grow revenue? Check if analysts think China Merchants Property Operation & Service will grow revenue in the future.
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. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. As it happens, China Merchants Property Operation & Service's TSR for the last 5 years was 53%, 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 never nice to take a loss, China Merchants Property Operation & Service shareholders can take comfort that , including dividends,their trailing twelve month loss of 1.5% wasn't as bad as the market loss of around 18%. Longer term investors wouldn't be so upset, since they would have made 9%, each year, over five years. In the best case scenario the last year is just a temporary blip on the journey to a brighter future. 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 China Merchants Property Operation & Service that you should be aware of before investing here.
If you like to buy stocks alongside management, then you might just love this free list of companies. (Hint: insiders have been buying them).
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on CN exchanges.
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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.
招商局物業運營服務有限公司 (SZSE: 001914) 股東們在看到上個季度股價下跌了14%後可能會感到擔憂。再往前看,該股在五年內創造了可觀的利潤。它的44%的回報率無疑超過了市場回報!
儘管招商局物業運營與服務本週的市值下跌了23億人民幣,但讓我們來看看其長期基本面趨勢,看看它們是否推動了回報。
查看我們對招商局物業運營與服務的最新分析
雖然市場是一種強大的定價機制,但股價反映了投資者的情緒,而不僅僅是潛在的業務表現。評估公司情緒變化的一種有缺陷但合理的方法是將每股收益(EPS)與股價進行比較。
在五年的股價增長中,招商局物業運營與服務實現了每股複合收益(EPS)每年增長84%。每股收益的增長高於股價平均每年增長8%。因此,人們可以得出結論,整個市場對該股變得更加謹慎。
下圖描述了 EPS 隨着時間的推移是如何變化的(點擊圖片可以看到確切的值)。
SZSE: 001914 每股收益增長 2022 年 10 月 4 日
我們知道招商局物業運營與服務最近提高了利潤,但它會增加收入嗎?查看分析師認爲招商局物業運營與服務未來是否會增加收入。
分紅呢?
在考慮投資回報時,重要的是要考慮兩者之間的區別 股東總回報 (TSR) 和 股價回報。基於股息被再投資的假設,TSR納入了任何分拆或貼現融資的價值以及任何分紅。因此,對於支付豐厚股息的公司來說,股東總回報率通常遠高於股價回報。碰巧的是,招商局物業運營與服務在過去5年的股東總回報率爲53%,超過了前面提到的股價回報率。而且,猜測股息支付在很大程度上解釋了這種分歧是沒有好處的!
不同的視角
儘管虧損從來都不是一件好事,但招商局物業運營與服務股東可以感到安慰的是,包括股息在內,他們過去十二個月1.5%的虧損並不像18%左右的市場虧損那麼嚴重。長期投資者不會那麼沮喪,因爲他們將在五年內每年賺9%。在最好的情況下,去年只是通往更光明未來的短暫時刻。雖然值得考慮市場狀況可能對股價產生的不同影響,但還有其他因素更爲重要。例如,我們發現 1 招商局物業運營與服務警告標誌 在這裏投資之前,你應該注意這一點。
如果你想與管理層一起買入股票,那麼你可能會喜歡這個 免費的 公司名單。(提示:內部人士一直在購買它們)。
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。
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Simply Wall St 的這篇文章本質上是籠統的。 我們僅使用公正的方法根據歷史數據和分析師的預測提供評論,我們的文章無意作爲財務建議。 它不構成買入或賣出任何股票的建議,也沒有考慮您的目標或財務狀況。我們的目標是爲您提供由基本面數據驅動的長期重點分析。請注意,我們的分析可能不考慮最新的價格敏感公司公告或定性材料。簡而言之,華爾街在上述任何股票中都沒有頭寸。