Positive Earnings Growth Hasn't Been Enough to Get Hope Bancorp (NASDAQ:HOPE) Shareholders a Favorable Return Over the Last Five Years
Positive Earnings Growth Hasn't Been Enough to Get Hope Bancorp (NASDAQ:HOPE) Shareholders a Favorable Return Over the Last Five Years
The main aim of stock picking is to find the market-beating stocks. But the main game is to find enough winners to more than offset the losers So we wouldn't blame long term Hope Bancorp, Inc. (NASDAQ:HOPE) shareholders for doubting their decision to hold, with the stock down 25% over a half decade.
选股的主要目的是寻找优于市场的股票。但主要游戏是找到足够的赢家来抵消输家。因此,我们不会责怪Hope Bancorp, Inc.(纳斯达克股票代码:HOPE)的长期股东怀疑他们的持股决定,该股在过去五年中下跌了25%。
Although the past week has been more reassuring for shareholders, they're still in the red over the last five years, so let's see if the underlying business has been responsible for the decline.
尽管过去一周令股东更加放心,但在过去五年中,他们仍处于亏损状态,所以让我们看看基础业务是否是造成下降的原因。
View our latest analysis for Hope Bancorp
查看我们对 Hope Bancorp 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...' 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.
引用巴菲特的话说:“船只将在世界各地航行,但Flat Earth Society将蓬勃发展。市场上的价格和价值之间将继续存在巨大差异...”通过比较每股收益(EPS)和一段时间内的股价变化,我们可以了解投资者对公司的态度是如何随着时间的推移而变化的。
While the share price declined over five years, Hope Bancorp actually managed to increase EPS by an average of 1.6% per year. Given the share price reaction, one might suspect that EPS is not a good guide to the business performance during the period (perhaps due to a one-off loss or gain). Alternatively, growth expectations may have been unreasonable in the past.
尽管股价在五年内下跌,但Hope Bancorp实际上设法做到了 增加 每股收益平均每年增长1.6%。考虑到股价的反应,人们可能会怀疑每股收益并不能很好地指导该期间的业务表现(可能是由于一次性的亏损或收益)。或者,过去的增长预期可能不合理。
By glancing at these numbers, we'd posit that the the market had expectations of much higher growth, five years ago. Having said that, we might get a better idea of what's going on with the stock by looking at other metrics.
通过浏览这些数字,我们可以假设五年前,市场对更高的增长抱有预期。话虽如此,通过查看其他指标,我们可能会更好地了解该股的情况。
The steady dividend doesn't really explain why the share price is down. While it's not completely obvious why the share price is down, a closer look at the company's history might help explain it.
稳定的股息并不能真正解释股价下跌的原因。尽管股价下跌的原因尚不完全明显,但仔细研究该公司的历史可能有助于解释这一点。
You can see how earnings and revenue have changed over time in the image below (click on the chart to see the exact values).
您可以在下图中看到收入和收入随时间推移而发生的变化(点击图表查看确切值)。
![earnings-and-revenue-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20231203/0-3de22a313abf5bf4c50d2a40179a61d8-0-405f9773d6d87d635bdfd2f322e3aec5.png/big)
We like that insiders have been buying shares in the last twelve months. Even so, future earnings will be far more important to whether current shareholders make money. So it makes a lot of sense to check out what analysts think Hope Bancorp will earn in the future (free profit forecasts).
我们喜欢内部人士在过去十二个月中一直在购买股票。即便如此,未来的收益对于当前股东是否赚钱将更为重要。因此,看看分析师认为Hope Bancorp未来将获得多少收入(免费利润预测)很有意义。
What About Dividends?
分红呢?
As well as measuring the share price return, investors should also consider the total shareholder return (TSR). 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, Hope Bancorp's TSR for the last 5 years was -5.4%, which exceeds the share price return mentioned earlier. The dividends paid by the company have thusly boosted the total shareholder return.
除了衡量股价回报外,投资者还应考虑股东总回报(TSR)。基于股息再投资的假设,股东总回报率包括任何分拆或贴现资本筹集的价值以及任何股息。可以说,股东总回报率可以更全面地描述股票产生的回报。碰巧的是,Hope Bancorp在过去5年的股东总回报率为-5.4%,超过了前面提到的股价回报率。因此,该公司支付的股息促进了 总 股东回报。
A Different Perspective
不同的视角
Investors in Hope Bancorp had a tough year, with a total loss of 20% (including dividends), against a market gain of about 14%. 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 1.1% 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. Investors who like to make money usually check up on insider purchases, such as the price paid, and total amount bought. You can find out about the insider purchases of Hope Bancorp by clicking this link.
Hope Bancorp的投资者度过了艰难的一年,总亏损20%(包括股息),而市场涨幅约为14%。但是,请记住,即使是最好的股票有时也会在十二个月内表现逊于市场。不幸的是,去年的表现可能表明挑战尚未得到解决,因为这比过去五年来1.1%的年化亏损还要严重。我们意识到,罗斯柴尔德男爵曾说过,投资者应该 “在街头流血时买入”,但我们警告说,投资者应首先确保购买的是高质量的企业。喜欢赚钱的投资者通常会查看内幕购买,例如支付的价格和购买的总金额。点击此链接,你可以了解Hope Bancorp的内幕收购情况。
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.
还有很多其他公司有内部人士购买股票。你可能不想错过这份业内人士正在收购的成长型公司的免费名单。
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on American exchanges.
请注意,本文引用的市场回报反映了目前在美国交易所交易的股票的市场加权平均回报。
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.
对这篇文章有反馈吗?对内容感到担忧?直接联系我们。 或者,给编辑团队 (at) simplywallst.com 发送电子邮件。
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。