DBS Group Holdings (SGX:D05) Shareholders Have Earned a 14% CAGR Over the Last Five Years
DBS Group Holdings (SGX:D05) Shareholders Have Earned a 14% CAGR Over the Last Five Years
Stock pickers are generally looking for stocks that will outperform the broader market. And while active stock picking involves risks (and requires diversification) it can also provide excess returns. For example, the DBS Group Holdings Ltd (SGX:D05) share price is up 52% in the last 5 years, clearly besting the market decline of around 17% (ignoring dividends). On the other hand, the more recent gains haven't been so impressive, with shareholders gaining just 23%, including dividends.
选股者通常在寻找表现优于大盘的股票。而且,尽管主动选股涉及风险(并且需要分散投资),但它也可以提供超额回报。例如,星展集团控股有限公司(新加坡证券交易所股票代码:D05)的股价在过去5年中上涨了52%,明显超过了市场约17%(不计股息)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23%,包括股息。
So let's investigate and see if the longer term performance of the company has been in line with the underlying business' progress.
因此,让我们调查一下,看看公司的长期表现是否与基础业务的进展一致。
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...' One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS).
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...”研究市场情绪如何随着时间的推移而变化的一种方法是研究公司股价与其每股收益(EPS)之间的相互作用。
During the five years of share price growth, DBS Group Holdings moved from a loss to profitability. That would generally be considered a positive, so we'd hope to see the share price to rise.
在股价增长的五年中,星展集团控股从亏损转为盈利。这通常被认为是积极的,因此我们希望看到股价上涨。
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)。
![big](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240729/0-229b9910d9e420b0d74b9c07e5bcc708-0-54a52887fa7f0c4f5ebff8825c004da3.png/big)
We know that DBS Group Holdings has improved its bottom line lately, but is it going to grow revenue? If you're interested, you could check this free report showing consensus revenue forecasts.
我们知道星展集团控股公司最近提高了利润,但它会增加收入吗?如果你感兴趣,可以查看这份显示共识收入预测的免费报告。
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. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. As it happens, DBS Group Holdings' TSR for the last 5 years was 95%, which exceeds the share price return mentioned earlier. The dividends paid by the company have thusly boosted the total shareholder return.
除了衡量股价回报率外,投资者还应考虑股东总回报率(TSR)。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。碰巧的是,星展集团控股在过去5年的股东总回报率为95%,超过了前面提到的股价回报率。因此,公司支付的股息提高了股东的总回报率。
A Different Perspective
不同的视角
We're pleased to report that DBS Group Holdings shareholders have received a total shareholder return of 23% over one year. That's including the dividend. That gain is better than the annual TSR over five years, which is 14%. Therefore it seems like sentiment around the company has been positive lately. Given the share price momentum remains strong, it might be worth taking a closer look at the stock, lest you miss an opportunity. While it is well worth considering the different impacts that market conditions can have on the share price, there are other factors that are even more important. Consider risks, for instance. Every company has them, and we've spotted 2 warning signs for DBS Group Holdings you should know about.
我们很高兴地向大家报告,星展集团控股的股东在一年内获得了23%的总股东回报率。这包括股息。这一增幅好于五年内的年度股东总回报率,即14%。因此,最近公司周围的情绪似乎一直很乐观。鉴于股价势头仍然强劲,可能值得仔细研究该股,以免错过机会。尽管市场状况可能对股价产生的不同影响值得考虑,但还有其他因素更为重要。例如,考虑风险。每家公司都有它们,我们发现了两个你应该知道的星展集团控股的警告信号。
But note: DBS Group Holdings may not be the best stock to buy. So take a peek at this free list of interesting companies with past earnings growth (and further growth forecast).
但请注意:星展集团控股可能不是最值得购买的股票。因此,来看看这份过去盈利增长(以及进一步增长预测)的有趣公司的免费清单。
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on Singaporean exchanges.
请注意,本文引用的市场回报反映了目前在新加坡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。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
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