<div id="readability-page-1"><div><p>Generally speaking the aim of active stock picking is to find companies that provide returns that are superior to the market average.  Buying under-rated businesses is one path to excess returns.  To wit, the China Mobile share price has climbed 62% in five years, easily topping the market return of 0.1% (ignoring dividends).   However, more recent returns haven't been as impressive as that, with the stock returning just 16% in the last year, including dividends.</p><p> With that in mind, it's worth seeing if the company's underlying fundamentals have been the driver of long term performance, or if there are some discrepancies.  </p><p>This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality.</p> <p> To paraphrase Benjamin Graham: Over the short term the market is a voting machine, but over the long term it's a weighing machine.  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. </p> <p> During the last half decade, China Mobile became profitable.   That's generally thought to be a genuine positive, so investors may expect to see an increasing share price.  </p><p> The company's earnings per share (over time) is depicted in the image below (click to see the exact numbers). </p><figure><img height="1040" src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/368157-earnings-per-share-growth-1-dark-2/1768361390233?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="1642" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/368157-earnings-per-share-growth-1-dark-2/1768361390233"/><figcaption>SEHK:941 Earnings Per Share Growth January 14th 2026</figcaption></figure><p> We're pleased to report that the CEO is remunerated more modestly than most CEOs at similarly capitalized 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.  This <strong>free</strong> interactive report on China Mobile's earnings, revenue and cash flow is a great place to start, if you want to investigate the stock further.  </p> <h2>What About Dividends?</h2><p> It is important to consider the total shareholder return, as well as the share price return, for any given stock.  Whereas the share price return only reflects the change in the share price, the TSR includes the value of dividends (assuming they were reinvested) and the benefit of any discounted capital raising or spin-off.  Arguably, the TSR gives a more comprehensive picture of the return generated by a stock.  As it happens, China Mobile's TSR for the last 5 years was 131%, which exceeds the share price return mentioned earlier.  And there's no prize for guessing that the dividend payments largely explain the divergence! </p> <h2>A Different Perspective</h2><p> China Mobile shareholders are up 16% for the year (even including dividends).  But that return falls short of the market.   If we look back over five years, the returns are even better, coming in at 18% per year for five years.  Maybe the share price is just taking a breather while the business executes on its growth strategy.       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.   Consider for instance, the ever-present spectre of investment risk.  <strong> We've identified 1 warning sign </strong> with China Mobile , and understanding them should be part of your investment process.   </p><p> If you are like me, then you will <strong>not</strong> want to miss this <strong>free</strong> list of undervalued small caps that insiders are buying. </p><p><em>Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on Hong Kong exchanges.</em></p></div></div>

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<p>China Mobile (HKG:941) has delivered an impressive total shareholder return (TSR) of 131% over the past five years, significantly outperforming the market's 0.1% return. The share price rose 62% during this period, but recent performance has slowed, with only a 16% return in the last year. The company's profitability and modest CEO remuneration are positive indicators for future growth. However, the stock's recent performance may indicate a temporary pause in its growth strategy, and investors should be aware of potential risks.</p>

China Mobile's (HKG:941) investors will be pleased with their impressive 131% return over the last five years