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CSSC Offshore & Marine Engineering (Group) (HKG:317) Shareholder Returns Have Been Notable, Earning 58% in 5 Years

CSSC Offshore & Marine Engineering (Group) (HKG:317) Shareholder Returns Have Been Notable, Earning 58% in 5 Years

中船海洋与海洋工程(集团)(HKG: 317)股东回报率可观,5年内收益为58%
Simply Wall St ·  02/12 17:22

Generally speaking the aim of active stock picking is to find companies that provide returns that are superior to the market average. And the truth is, you can make significant gains if you buy good quality businesses at the right price. For example, long term CSSC Offshore & Marine Engineering (Group) Company Limited (HKG:317) shareholders have enjoyed a 49% share price rise over the last half decade, well in excess of the market decline of around 27% (not including dividends). On the other hand, the more recent gains haven't been so impressive, with shareholders gaining just 28% , including dividends .

一般而言,积极选股的目的是寻找回报优于市场平均水平的公司。事实是,如果你以合适的价格购买高质量的企业,你可以获得可观的收益。例如,中船海洋与海洋工程(集团)有限公司(HKG: 317)的长期股东在过去五年中股价上涨了49%,远远超过了市场约27%(不包括股息)的跌幅。另一方面,最近的涨幅并不那么令人印象深刻,股东仅增长了28%,包括股息。

After a strong gain in the past week, it's worth seeing if longer term returns have been driven by improving fundamentals.

在过去一周强劲上涨之后,值得一看的是长期回报是否是由基本面改善推动的。

There is no denying that markets are sometimes efficient, but prices do not always reflect underlying business performance. One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement.

不可否认,市场有时是有效的,但价格并不总是能反映潜在的业务表现。考虑市场对公司的看法发生了怎样的变化的一种不完美但简单的方法是将每股收益(EPS)的变化与股价走势进行比较。

During the five years of share price growth, CSSC Offshore & Marine Engineering (Group) moved from a loss to profitability. That would generally be considered a positive, so we'd expect the share price to be up.

在股价增长的五年中,中船海洋与海洋工程(集团)从亏损转为盈利。这通常会被视为利好,因此我们预计股价会上涨。

The company's earnings per share (over time) is depicted in the image below (click to see the exact numbers).

该公司的每股收益(随着时间的推移)如下图所示(点击查看确切数字)。

earnings-per-share-growth
SEHK:317 Earnings Per Share Growth February 12th 2024
SEHK: 317 每股收益增长 2024 年 2 月 12 日

It's probably worth noting that the CEO is paid less than the median at similar sized companies. But while CEO remuneration is always worth checking, the really important question is whether the company can grow earnings going forward. This free interactive report on CSSC Offshore & Marine Engineering (Group)'s earnings, revenue and cash flow is a great place to start, if you want to investigate the stock further.

可能值得注意的是,首席执行官的薪水低于类似规模公司的中位数。但是,尽管首席执行官的薪酬总是值得检查的,但真正重要的问题是公司未来能否增加收益。如果你想进一步调查该股,这份关于CSSC海洋与海洋工程(集团)收益、收入和现金流的免费互动报告是一个很好的起点。

What About Dividends?

分红呢?

It is important to consider the total shareholder return, as well as the share price return, for any given stock. 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. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. In the case of CSSC Offshore & Marine Engineering (Group), it has a TSR of 58% 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!

重要的是要考虑任何给定股票的股东总回报率和股价回报率。基于股息再投资的假设,股东总回报率纳入了任何分拆或贴现资本筹集的价值以及任何股息。可以公平地说,股东总回报率为支付股息的股票提供了更完整的画面。就CSSC海洋与海洋工程(集团)而言,其过去5年的股东总回报率为58%。这超过了我们之前提到的其股价回报率。而且,猜测股息支付在很大程度上解释了这种分歧是没有好处的!

A Different Perspective

不同的视角

We're pleased to report that CSSC Offshore & Marine Engineering (Group) shareholders have received a total shareholder return of 28% over one year. That's including the dividend. Since the one-year TSR is better than the five-year TSR (the latter coming in at 10% per year), it would seem that the stock's performance has improved in recent times. Someone with an optimistic perspective could view the recent improvement in TSR as indicating that the business itself is getting better with time. 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. To that end, you should be aware of the 1 warning sign we've spotted with CSSC Offshore & Marine Engineering (Group) .

我们很高兴地向大家报告,中船海洋工程(集团)的股东在一年内获得了28%的股东总回报率。这包括股息。由于一年期股东总回报率好于五年期股东总回报率(后者为每年10%),因此该股的表现似乎在最近有所改善。持乐观态度的人可能会将最近股东总回报率的改善视为业务本身随着时间的推移而变得更好。我发现将长期股价视为业务绩效的代表非常有趣。但是,要真正获得见解,我们还需要考虑其他信息。为此,您应该注意我们在CSSC海洋与海洋工程(集团)发现的1个警告信号。

Of course CSSC Offshore & Marine Engineering (Group) may not be the best stock to buy. So you may wish to see this free collection of growth stocks.

当然,CSSC海洋与海洋工程(集团)可能不是最好的买入股票。因此,您可能希望看到这批免费的成长股。

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

请注意,本文引用的市场回报反映了目前在香港交易所交易的股票的市场加权平均回报。

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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.

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Simply Wall St的这篇文章本质上是笼统的。我们仅使用公正的方法根据历史数据和分析师的预测提供评论,我们的文章无意作为财务建议。它不构成买入或卖出任何股票的建议,也没有考虑到您的目标或财务状况。我们的目标是为您提供由基本数据驱动的长期重点分析。请注意,我们的分析可能不考虑最新的价格敏感型公司公告或定性材料。简而言之,华尔街没有持有任何上述股票的头寸。

声明:本内容仅用作提供资讯及教育之目的,不构成对任何特定投资或投资策略的推荐或认可。 更多信息
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