share_log

Datang International Power Generation (HKG:991 Investor Five-year Losses Grow to 18% as the Stock Sheds HK$1.9b This Past Week

Datang International Power Generation (HKG:991 Investor Five-year Losses Grow to 18% as the Stock Sheds HK$1.9b This Past Week

大唐國際發電(HKG: 991)投資者五年虧損增至18%,原因是該股上週下跌了19億港元
Simply Wall St ·  2023/10/18 19:43

The main aim of stock picking is to find the market-beating stocks. But in any portfolio, there will be mixed results between individual stocks. So we wouldn't blame long term Datang International Power Generation Co., Ltd. (HKG:991) shareholders for doubting their decision to hold, with the stock down 36% over a half decade. We also note that the stock has performed poorly over the last year, with the share price down 36%. Shareholders have had an even rougher run lately, with the share price down 20% in the last 90 days.

選股的主要目的是尋找跑贏大盤的股票。但在任何投資組合中,個股之間的結果都會喜憂參半。所以我們不會責怪長期大唐國際發電有限責任公司(HKG:991)股東對他們持有股票的決定表示懷疑,該股在五年內下跌了36%。我們還注意到,該股在過去一年表現不佳,股價下跌了36%。股東們最近的表現更加艱難,股價在過去90天裡下跌了20%。

With the stock having lost 8.3% in the past week, it's worth taking a look at business performance and seeing if there's any red flags.

鑑於該公司股價在過去一週下跌了8.3%,我們有必要看看公司的業績,看看是否有任何危險信號。

View our latest analysis for Datang International Power Generation

查看我們對大唐國際發電的最新分析

To quote Buffett, 'Ships will sail around the world but the Flat Earth Society will flourish. There will continue to be wide discrepancies between price and value in the marketplace...' 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).

用巴菲特的話說,“船隻將在世界各地航行,但平坦的地球協會將蓬勃發展。市場上的價格和價值之間將繼續存在巨大的差異……”考察市場情緒如何隨時間變化的一種方法是觀察一家公司的股價和每股收益(EPS)之間的相互作用。

Datang International Power Generation has made a profit in the past. On the other hand, it reported a trailing twelve months loss, suggesting it isn't reliably profitable. Other metrics might give us a better handle on how its value is changing over time.

大唐國際發電過去曾實現盈利。另一方面,該公司報告了12個月的後續虧損,這表明它並不可靠地盈利。其他指標可能會讓我們更好地瞭解其價值是如何隨著時間的推移而變化的。

In contrast to the share price, revenue has actually increased by 5.6% a year in the five year period. A more detailed examination of the revenue and earnings may or may not explain why the share price languishes; there could be an opportunity.

與股價形成對比的是,在這五年期間,營收實際上以每年5.6%的速度增長。對營收和收益進行更詳細的審查,可能會解釋股價低迷的原因,也可能解釋不了;可能會有機會。

You can see how earnings and revenue have changed over time in the image below (click on the chart to see the exact values).

您可以在下圖中看到收益和收入隨時間的變化(單擊圖表查看確切的值)。

earnings-and-revenue-growth
SEHK:991 Earnings and Revenue Growth October 18th 2023
聯交所:991盈利及收入增長2023年10月18日

It's probably worth noting that the CEO is paid less than the median at similar sized companies. It's always worth keeping an eye on CEO pay, but a more important question is whether the company will grow earnings throughout the years. So it makes a lot of sense to check out what analysts think Datang International Power Generation will earn in the future (free profit forecasts).

可能值得注意的是,首席執行官的薪酬低於類似規模公司的中位數。關注首席執行官的薪酬總是值得的,但更重要的問題是,該公司是否會在未來幾年實現盈利增長。因此,看看分析師認為大唐國際發電未來的收益(免費利潤預測)是很有意義的。

What About Dividends?

那股息呢?

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 Datang International Power Generation, it has a TSR of -18% for the last 5 years. That exceeds its share price return that we previously mentioned. This is largely a result of its dividend payments!

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。可以說,TSR更全面地描繪了一隻股票產生的回報。以大唐國際發電為例,過去5年的TSR為-18%。這超過了我們之前提到的它的股價回報。這在很大程度上是其股息支付的結果!

A Different Perspective

不同的視角

Investors in Datang International Power Generation had a tough year, with a total loss of 34% (including dividends), against a market gain of about 12%. However, keep in mind that even the best stocks will sometimes underperform the market over a twelve month period. Unfortunately, last year's performance may indicate unresolved challenges, given that it was worse than the annualised loss of 3% over the last half decade. We realise that Baron Rothschild has said investors should "buy when there is blood on the streets", but we caution that investors should first be sure they are buying a high quality business. 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 Datang International Power Generation that you should be aware of before investing here.

大唐國際發電的投資者經歷了艱難的一年,總虧損34%(包括股息),而市場收益約為12%。然而,請記住,即使是最好的股票,在12個月的時間裡,有時也會表現遜於市場。不幸的是,去年的表現可能預示著尚未解決的挑戰,因為它比過去五年3%的年化損失更糟糕。我們意識到,羅斯柴爾德男爵曾說過,投資者應該“在街上血淋淋的時候買入”,但我們警告投資者,首先應該確保他們購買的是一家高質量的企業。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,我們發現1大唐國際發電警示標誌在這裡投資之前你應該意識到這一點。

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of companies we expect will grow earnings.

當然了,如果你把目光投向別處,你可能會發現這是一筆很棒的投資。所以讓我們來看看這個免費我們預計收益將會增長的公司名單。

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

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。

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,地址是暗示Wallst.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.

声明:本內容僅用作提供資訊及教育之目的,不構成對任何特定投資或投資策略的推薦或認可。 更多信息
    搶先評論