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Investors Five-year Losses Continue as Shenzhen International Holdings (HKG:152) Dips a Further 7.6% This Week, Earnings Continue to Decline

Investors Five-year Losses Continue as Shenzhen International Holdings (HKG:152) Dips a Further 7.6% This Week, Earnings Continue to Decline

隨着深圳國際控股(HKG: 152)本週再下跌7.6%,收益繼續下降,投資者五年虧損持續
Simply Wall St ·  2023/12/05 17:49

The main aim of stock picking is to find the market-beating stocks. But even the best stock picker will only win with some selections. So we wouldn't blame long term Shenzhen International Holdings Limited (HKG:152) shareholders for doubting their decision to hold, with the stock down 64% over a half decade. The last week also saw the share price slip down another 7.6%. However, this move may have been influenced by the broader market, which fell 3.2% in that time.

選股的主要目的是找到擊敗市場的股票。但是,即使是最好的選股者也只能通過以下方式獲勝 一些 選擇。因此,我們不會責怪深圳國際控股有限公司(HKG: 152)的長期股東懷疑他們的持股決定,該股在過去五年中下跌了64%。上週股價還下跌了7.6%。但是,這一舉動可能受到大盤的影響,當時大盤下跌了3.2%。

After losing 7.6% this past week, it's worth investigating the company's fundamentals to see what we can infer from past performance.

在上週下跌7.6%之後,值得調查該公司的基本面,以了解我們可以從過去的表現中推斷出什麼。

See our latest analysis for Shenzhen International Holdings

查看我們對深圳國際控股的最新分析

While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance. 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).

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。研究市場情緒如何隨着時間的推移而變化的一種方法是研究公司股價與其每股收益(EPS)之間的相互作用。

Looking back five years, both Shenzhen International Holdings' share price and EPS declined; the latter at a rate of 30% per year. This fall in the EPS is worse than the 18% compound annual share price fall. The relatively muted share price reaction might be because the market expects the business to turn around.

回顧五年,深圳國際控股的股價和每股收益均下跌;後者每年下降30%。每股收益的下降比18%的複合年股價下跌還要嚴重。股價反應相對平淡,可能是因爲市場預計業務會好轉。

The image below shows how EPS has tracked over time (if you click on the image you can see greater detail).

下圖顯示了 EPS 在一段時間內的跟蹤情況(如果你點擊圖片,你可以看到更多細節)。

earnings-per-share-growth
SEHK:152 Earnings Per Share Growth December 5th 2023
香港交易所:2023年12月5日每股收益增長152

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. It might be well worthwhile taking a look at our free report on Shenzhen International Holdings' earnings, revenue and cash flow.

可能值得注意的是,首席執行官的薪水低於類似規模公司的中位數。始終值得關注首席執行官的薪酬,但更重要的問題是公司多年來是否會增加收益。我們關於深圳國際控股收益、收入和現金流的免費報告可能值得一看。

What About Dividends?

分紅呢?

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. As it happens, Shenzhen International Holdings' TSR for the last 5 years was -48%, which exceeds the share price return mentioned earlier. The dividends paid by the company have thusly boosted the total shareholder return.

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。基於股息再投資的假設,股東總回報率包括任何分拆或貼現資本籌集的價值以及任何股息。可以說,股東總回報率可以更全面地描述股票產生的回報。碰巧的是,深圳國際控股過去5年的股東總回報率爲-48%,超過了前面提到的股價回報率。因此,該公司支付的股息促進了 股東回報。

A Different Perspective

不同的視角

We regret to report that Shenzhen International Holdings shareholders are down 19% for the year (even including dividends). Unfortunately, that's worse than the broader market decline of 7.0%. Having said that, it's inevitable that some stocks will be oversold in a falling market. The key is to keep your eyes on the fundamental developments. Regrettably, last year's performance caps off a bad run, with the shareholders facing a total loss of 8% per year over five years. 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. It's always interesting to track share price performance over the longer term. But to understand Shenzhen International Holdings better, we need to consider many other factors. For instance, we've identified 4 warning signs for Shenzhen International Holdings (1 is significant) that you should be aware of.

我們遺憾地報告,深圳國際控股的股東今年下跌了19%(包括股息)。不幸的是,這比大盤下跌7.0%還要嚴重。話雖如此,在下跌的市場中,一些股票不可避免地會被超賣。關鍵是要密切關注基本發展。令人遺憾的是,去年的業績結束了糟糕的表現,股東們在五年內每年面臨8%的總虧損。我們意識到,羅斯柴爾德男爵曾說過,投資者應該 “在街頭流血時買入”,但我們警告說,投資者應首先確保購買的是高質量的企業。從長遠來看,追蹤股價表現總是很有意思的。但是,爲了更好地了解深圳國際控股,我們需要考慮許多其他因素。例如,我們已經爲深圳國際控股確定了4個警告信號(其中一個很重要),您應該注意這些信號。

For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.

對於那些喜歡尋找中獎投資的人來說,這份最近有內幕收購的成長型公司的免費名單可能只是門票。

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.

對這篇文章有反饋嗎?對內容感到擔憂?直接聯繫我們。 或者,給編輯團隊 (at) simplywallst.com 發送電子郵件。
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,也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本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型公司公告或定性材料。簡而言之,華爾街沒有持有任何上述股票的頭寸。

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
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