Investors in Sun Hung Kai Properties (HKG:16) Have Unfortunately Lost 12% Over the Last Five Years
Investors in Sun Hung Kai Properties (HKG:16) Have Unfortunately Lost 12% Over the Last Five Years
In order to justify the effort of selecting individual stocks, it's worth striving to beat the returns from a market index fund. But even the best stock picker will only win with some selections. At this point some shareholders may be questioning their investment in Sun Hung Kai Properties Limited (HKG:16), since the last five years saw the share price fall 31%. We also note that the stock has performed poorly over the last year, with the share price down 27%.
为了证明选择个股的努力是合理的,值得努力超越市场指数基金的回报。但是,即使是最好的选股者也只能通过以下方式获胜 一些 选择。此时,一些股东可能会质疑他们对新鸿基地产有限公司(HKG:16)的投资,因为在过去五年中,股价下跌了31%。我们还注意到,该股去年表现不佳,股价下跌了27%。
Since shareholders are down over the longer term, lets look at the underlying fundamentals over the that time and see if they've been consistent with returns.
由于从长远来看,股东会下跌,让我们来看看那段时间的潜在基本面,看看它们与回报是否一致。
See our latest analysis for Sun Hung Kai Properties
查看我们对新鸿基地产的最新分析
In his essay The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not always rationally reflect the value of a business. 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.
在他的文章中 格雷厄姆和多兹维尔的超级投资者 沃伦·巴菲特描述了股价如何并不总是合理地反映企业的价值。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。
Looking back five years, both Sun Hung Kai Properties' share price and EPS declined; the latter at a rate of 14% per year. The share price decline of 7% per year isn't as bad as the EPS decline. So the market may previously have expected a drop, or else it expects the situation will improve.
回顾五年,新鸿基地产的股价和每股收益均下跌;后者以每年14%的速度下降。每年 7% 的股价下跌并不像每股收益的下降那么严重。因此,市场此前可能预计会下跌,否则预计情况会有所改善。
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](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20231213/0-fa07f0a8c878ae244a58e177061d2000-0-9666a8c9fc29a4f588c73ad5a97f4e90.png/big)
We're pleased to report that the CEO is remunerated more modestly than most CEOs at similarly capitalized 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 Sun Hung Kai Properties' earnings, revenue and cash flow is a great place to start, if you want to investigate the stock further.
我们很高兴地向大家报告,首席执行官的薪酬比资本状况相似的公司的大多数首席执行官更适中。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新鸿基地产的收益、收入和现金流,这份关于新鸿基地产的收益、收入和现金流的免费互动报告是一个不错的起点。
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 is a return calculation that accounts for the value of cash dividends (assuming that any dividend received was reinvested) and the calculated value of any discounted capital raisings and spin-offs. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. As it happens, Sun Hung Kai Properties' TSR for the last 5 years was -12%, 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)。股东总回报率是一种回报计算方法,它考虑了现金分红的价值(假设收到的任何股息已被再投资)以及任何贴现资本筹集和分拆的计算价值。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。碰巧的是,新鸿基地产过去5年的股东总回报率为-12%,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
While the broader market lost about 9.9% in the twelve months, Sun Hung Kai Properties shareholders did even worse, losing 23% (even including dividends). However, it could simply be that the share price has been impacted by broader market jitters. It might be worth keeping an eye on the fundamentals, in case there's a good opportunity. Regrettably, last year's performance caps off a bad run, with the shareholders facing a total loss of 2% per year over five years. Generally speaking long term share price weakness can be a bad sign, though contrarian investors might want to research the stock in hope of a turnaround. Keeping this in mind, a solid next step might be to take a look at Sun Hung Kai Properties' dividend track record. This free interactive graph is a great place to start.
尽管大盘在过去十二个月中下跌了约9.9%,但新鸿基地产的股东表现更差,损失了23%(甚至包括股息)。但是,可能仅仅是股价受到了更广泛的市场紧张情绪的影响。如果有很好的机会,可能值得关注基本面。令人遗憾的是,去年的业绩结束了糟糕的表现,股东们在五年内每年面临2%的总亏损。总的来说,长期股价疲软可能是一个坏兆头,尽管逆势投资者可能希望研究该股,希望出现转机。考虑到这一点,下一步可能是看看新鸿基地产的股息记录。这个免费的交互式图表是一个不错的起点。
For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
对于那些喜欢寻找中奖投资的人来说,这份最近有内幕收购的成长型公司的免费名单可能只是门票。
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on Hong Kong exchanges.
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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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。