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Earnings Growth of 0.5% Over 5 Years Hasn't Been Enough to Translate Into Positive Returns for Cinemark Holdings (NYSE:CNK) Shareholders

Earnings Growth of 0.5% Over 5 Years Hasn't Been Enough to Translate Into Positive Returns for Cinemark Holdings (NYSE:CNK) Shareholders

5年內0.5%的收益增長不足以轉化爲Cinemark Holdings(紐約證券交易所代碼:CNK)股東的正回報
Simply Wall St ·  05/22 18:18

Statistically speaking, long term investing is a profitable endeavour. But along the way some stocks are going to perform badly. Zooming in on an example, the Cinemark Holdings, Inc. (NYSE:CNK) share price dropped 54% in the last half decade. That's not a lot of fun for true believers. On top of that, the share price is down 6.9% in the last week.

從統計學上講,長期投資是一項有利可圖的活動。但在此過程中,一些股票將表現不佳。舉一個例子,Cinemark Holdings, Inc.(紐約證券交易所代碼:CNK)的股價在過去五年中下跌了54%。對於真正的信徒來說,這並不是什麼好玩的。最重要的是,上週股價下跌了6.9%。

Given the past week has been tough on shareholders, let's investigate the fundamentals and see what we can learn.

鑑於過去一週對股東來說很艱難,讓我們調查一下基本面,看看我們能學到什麼。

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.

不可否認,市場有時是有效的,但價格並不總是能反映潛在的業務表現。通過比較每股收益(EPS)和一段時間內的股價變化,我們可以了解投資者對公司的態度是如何隨着時間的推移而變化的。

During five years of share price growth, Cinemark Holdings moved from a loss to profitability. Most would consider that to be a good thing, so it's counter-intuitive to see the share price declining. Other metrics may better explain the share price move.

在五年的股價增長中,Cinemark Holdings從虧損轉爲盈利。大多數人會認爲這是一件好事,因此股價下跌是違反直覺的。其他指標可以更好地解釋股價走勢。

Revenue is actually up 0.9% over the time period. So it seems one might have to take closer look at the fundamentals to understand why the share price languishes. After all, there may be an opportunity.

在此期間,收入實際上增長了0.9%。因此,看來人們可能必須仔細研究基本面才能理解股價下跌的原因。畢竟,可能有機會。

You can see below how earnings and revenue have changed over time (discover the exact values by clicking on the image).

您可以在下面看到收入和收入如何隨着時間的推移而變化(點擊圖片了解確切的值)。

earnings-and-revenue-growth
NYSE:CNK Earnings and Revenue Growth May 22nd 2024
紐約證券交易所:CNK收益和收入增長 2024年5月22日

Cinemark Holdings is well known by investors, and plenty of clever analysts have tried to predict the future profit levels. You can see what analysts are predicting for Cinemark Holdings in this interactive graph of future profit estimates.

Cinemark Holdings爲投資者所熟知,許多聰明的分析師都試圖預測未來的利潤水平。在這張未來利潤估計的交互式圖表中,你可以看到分析師對Cinemark Holdings的預測。

What About The Total Shareholder Return (TSR)?

那麼股東總回報(TSR)呢?

We'd be remiss not to mention the difference between Cinemark Holdings' total shareholder return (TSR) and its share price return. Arguably the TSR is a more complete return calculation because it accounts for the value of dividends (as if they were reinvested), along with the hypothetical value of any discounted capital that have been offered to shareholders. Its history of dividend payouts mean that Cinemark Holdings' TSR, which was a 52% drop over the last 5 years, was not as bad as the share price return.

更不用說 Cinemark Holdings 之間的區別了,那我們就失職了 股東總回報 (TSR) 及其 股價回報。可以說,股東總回報率是一種更完整的回報計算方法,因爲它考慮了股息的價值(就好像是再投資一樣),以及向股東提供的任何貼現資本的假設價值。其股息支付歷史意味着Cinemark Holdings的股東總回報率爲52% 下降 在過去的5年中,沒有股價回報率那麼糟糕。

A Different Perspective

不同的視角

Cinemark Holdings provided a TSR of 2.8% over the last twelve months. But that was short of the market average. But at least that's still a gain! Over five years the TSR has been a reduction of 9% per year, over five years. It could well be that the business is stabilizing. 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. For instance, we've identified 2 warning signs for Cinemark Holdings (1 can't be ignored) that you should be aware of.

在過去的十二個月中,Cinemark Holdings的股東回報率爲2.8%。但這低於市場平均水平。但至少這還是個好處!在過去的五年中,股東總回報率在五年內每年下降9%。很可能是業務正在穩定下來。我發現將長期股價視爲業務績效的代表非常有趣。但是,要真正獲得見解,我們還需要考慮其他信息。例如,我們已經確定了Cinemark Holdings的兩個警告信號(其中一個不容忽視),你應該注意這些信號。

Of course Cinemark Holdings may not be the best stock to buy. So you may wish to see this free collection of growth stocks.

當然,Cinemark Holdings可能不是最值得購買的股票。因此,您可能希望看到這批免費的成長股。

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

請注意,本文引用的市場回報反映了目前在美國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。

譯文內容由第三人軟體翻譯。


以上內容僅用作資訊或教育之目的,不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。
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