Earnings Growth of 174% Over 1 Year Hasn't Been Enough to Translate Into Positive Returns for Lendlease Global Commercial REIT (SGX:JYEU) Shareholders
Earnings Growth of 174% Over 1 Year Hasn't Been Enough to Translate Into Positive Returns for Lendlease Global Commercial REIT (SGX:JYEU) Shareholders
The simplest way to benefit from a rising market is to buy an index fund. When you buy individual stocks, you can make higher profits, but you also face the risk of under-performance. Unfortunately the Lendlease Global Commercial REIT (SGX:JYEU) share price slid 17% over twelve months. That falls noticeably short of the market decline of around 1.8%. Zooming out, the stock is down 16% in the last three years. Even worse, it's down 9.5% in about a month, which isn't fun at all. However, we note the price may have been impacted by the broader market, which is down 4.9% in the same time period.
從上漲的市場中獲益的最簡單方式是購買指數基金。當你購買個股時,你可以獲得更高的利潤,但你也面臨表現不佳的風險。不幸的是,租約環球商業房地產投資信託基金(新加坡證券交易所股票代碼:JYEU)股價在12個月內下滑了17%。這明顯低於約1.8%的市場跌幅。縮小範圍,該股在過去三年裏下跌了16%。更糟糕的是,它在大約一個月內下跌了9.5%,這一點都不好玩。然而,我們注意到價格可能受到了大盤的影響,同期大盤下跌了4.9%。
After losing 4.3% this past week, it's worth investigating the company's fundamentals to see what we can infer from past performance.
在過去一週下跌4.3%後,有必要調查一下該公司的基本面,看看我們可以從過去的表現中推斷出什麼。
See our latest analysis for Lendlease Global Commercial REIT
請參閲我們對Lendlet Global Commercial REIT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德斯維爾的超級投資者沃倫·巴菲特描述了股價並不總是理性地反映一家企業的價值。一種不完美但簡單的方法來考慮市場對一家公司的看法是如何改變的,那就是將每股收益(EPS)的變化與股價走勢進行比較。
Even though the Lendlease Global Commercial REIT share price is down over the year, its EPS actually improved. It could be that the share price was previously over-hyped.
儘管Lendlet Global Commercial REIT的股價在過去一年裏有所下降,但其每股收益實際上有所改善。可能是股價之前被過度炒作了。
It's surprising to see the share price fall so much, despite the improved EPS. So it's easy to justify a look at some other metrics.
令人驚訝的是,儘管每股收益有所改善,但股價卻下跌了這麼多。因此,很容易證明看看其他一些指標是合理的。
Lendlease Global Commercial REIT's dividend seems healthy to us, so we doubt that the yield is a concern for the market. The revenue trend doesn't seem to explain why the share price is down. Of course, it could simply be that it simply fell short of the market consensus expectations.
Lendlet Global Commercial REIT的股息對我們來説似乎是健康的,因此我們懷疑收益率是市場關注的問題。營收趨勢似乎無法解釋股價下跌的原因。當然,這可能只是因為它根本沒有達到市場的普遍預期。
You can see how earnings and revenue have changed over time in the image below (click on the chart to see the exact values).
您可以在下圖中看到收益和收入隨時間的變化(單擊圖表查看確切的值)。
![earnings-and-revenue-growth](https://usnewsfile.futunn.com/pic/0-20525702-0-db31723b1ec8f0a4e590188003b76a28.png/big)
It is of course excellent to see how Lendlease Global Commercial REIT has grown profits over the years, but the future is more important for shareholders. This free interactive report on Lendlease Global Commercial REIT's balance sheet strength is a great place to start, if you want to investigate the stock further.
當然,看到Lendlet Global Commercial REIT多年來如何實現利潤增長是非常好的,但對股東來説,未來更重要。這免費如果你想進一步調查股票,關於Lendlet Global Commercial REIT資產負債表實力的互動報告是一個很好的起點。
What About Dividends?
那股息呢?
When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. 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. We note that for Lendlease Global Commercial REIT the TSR over the last 1 year was -9.2%, which is better than the share price return mentioned above. The dividends paid by the company have thusly boosted the total shareholder return.
在考察投資回報時,重要的是要考慮到股東總回報(TSR)和股價回報。TSR包括任何剝離或貼現融資的價值,以及任何股息,基於股息再投資的假設。可以説,TSR更全面地描繪了一隻股票產生的回報。我們注意到,Lendlet Global Commercial REIT過去1年的TSR為-9.2%,好於上述股價回報率。該公司支付的股息因此提振了總計股東回報。
A Different Perspective
不同的視角
The last twelve months weren't great for Lendlease Global Commercial REIT shares, which cost holders 9.2%, including dividends, while the market was up about 1.8%. However, keep in mind that even the best stocks will sometimes underperform the market over a twelve month period. Fortunately the longer term story is brighter, with total returns averaging about 1.0% per year over three years. The recent sell-off could be an opportunity if the business remains sound, so it may be worth checking the fundamental data for signs of a long-term growth trend. 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. For instance, we've identified 5 warning signs for Lendlease Global Commercial REIT (3 can't be ignored) that you should be aware of.
過去12個月對Lendlet Global Commercial REIT股票來説不是很好,包括股息在內,持有者損失了9.2%,而市場向上約1.8%。然而,請記住,即使是最好的股票,在12個月的時間裏,有時也會表現遜於市場。幸運的是,較長期的前景更為光明,三年內的總回報率平均每年約為1.0%。如果業務保持穩健,最近的拋售可能是一個機會,因此可能值得查看基本面數據,以尋找長期增長趨勢的跡象。雖然值得考慮市場狀況對股價可能產生的不同影響,但還有其他更重要的因素。例如,我們已經確定Lendlet Global Commercial REIT的5個警告信號(3)不能忽視),你應該知道。
But note: Lendlease Global Commercial REIT 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).
但請注意:蘭德萊斯全球商業房地產投資信託基金可能不是最值得購買的股票。所以讓我們來看看這個免費過去有盈利增長(以及進一步增長預測)的有趣公司名單。
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on SG exchanges.
請注意,本文引用的市場回報反映了目前在SG交易所交易的股票的市場加權平均回報。
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本文由Simply Wall St.撰寫,具有概括性。我們僅使用不偏不倚的方法提供基於歷史數據和分析師預測的評論,我們的文章並不打算作為財務建議。它不構成買賣任何股票的建議,也沒有考慮你的目標或你的財務狀況。我們的目標是為您帶來由基本面數據驅動的長期重點分析。請注意,我們的分析可能不會將最新的對價格敏感的公司公告或定性材料考慮在內。Simply Wall St.對上述任何一隻股票都沒有持倉。