The One-year Decline in Earnings Might Be Taking Its Toll on Citigroup (NYSE:C) Shareholders as Stock Falls 8.6% Over the Past Week
The One-year Decline in Earnings Might Be Taking Its Toll on Citigroup (NYSE:C) Shareholders as Stock Falls 8.6% Over the Past Week
The simplest way to invest in stocks is to buy exchange traded funds. But you can significantly boost your returns by picking above-average stocks. To wit, the Citigroup Inc. (NYSE:C) share price is 28% higher than it was a year ago, much better than the market return of around 16% (not including dividends) in the same period. So that should have shareholders smiling. Unfortunately the longer term returns are not so good, with the stock falling 18% in the last three years.
投資股票的最簡單方法是購買交易所交易基金。但是,通過選擇高於平均水平的股票,您可以顯著提高回報率。例如,花旗集團股票(紐交所:C)的股價比一年前高出28%,遠高於同期市場回報率約16%(不包括股息)。因此,股東應該會笑逐顏開。不幸的是,長期回報並不理想,過去三年該股下跌18%。
In light of the stock dropping 8.6% in the past week, we want to investigate the longer term story, and see if fundamentals have been the driver of the company's positive one-year return.
鑑於上週股價下跌8.6%,我們想調查更長期的故事,並查看基本面是否是公司積極一年回報的驅動因素。
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).
引用巴菲特的話,“船隻會在世界各地航行,但扁平地球協會將空前盛行。市場上的價格和價值將繼續存在巨大差異… ”檢查市場情緒如何隨時間變化的一種方法是查看公司的股價與每股收益(EPS)之間的互動。
During the last year, Citigroup actually saw its earnings per share drop 43%.
在過去的一年裏,花旗集團的每股收益實際上下降了43%。
So we don't think that investors are paying too much attention to EPS. Since the change in EPS doesn't seem to correlate with the change in share price, it's worth taking a look at other metrics.
因此,我們認爲投資者並沒有過多關注每股收益。由於每股收益的變化似乎與股價的變化沒有關係,所以值得關注其他指標。
Revenue was pretty flat year on year, but maybe a closer look at the data can explain the market optimism.
營業收入去年同比基本持平,但可能進一步分析數據可以解釋市場的樂觀情緒。
You can see how earnings and revenue have changed over time in the image below (click on the chart to see the exact values).
你可以在下面的圖片中看到收入和營業收入隨時間的變化情況(單擊圖表可查看精確值)。
![big](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240805/0-29bb98c07f461f79dcdc14d9351d3177-0-7520a45dd254785dbcaa75d6ae776d33.png/big)
Citigroup is a well known stock, with plenty of analyst coverage, suggesting some visibility into future growth. Given we have quite a good number of analyst forecasts, it might be well worth checking out this free chart depicting consensus estimates.
花旗集團是一隻知名的股票,有充足的分析師報道,表明有未來增長的一定可見性。鑑於我們有相當數量的分析師預測,查看這個免費圖表描述共識估計可能很有價值。
What About Dividends?
那麼分紅怎麼樣呢?
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. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. As it happens, Citigroup's TSR for the last 1 year was 32%, which exceeds the share price return mentioned earlier. The dividends paid by the company have thusly boosted the total shareholder return.
考慮任何給定股票的總股東回報率和股價回報率非常重要。而股價回報僅反映了股價的變化,TSR則包括股息的價值(假設它們被再投資)以及任何折價的資本籌集或剝離的好處。可以說,TSR爲支付股息的股票提供了更完整的圖像。恰巧,過去1年的花旗集團TSR爲32%,超過了上述股價回報。公司支付的股息因此提高了總股東回報。
A Different Perspective
不同的觀點
It's good to see that Citigroup has rewarded shareholders with a total shareholder return of 32% in the last twelve months. That's including the dividend. That gain is better than the annual TSR over five years, which is 1.8%. Therefore it seems like sentiment around the company has been positive lately. Someone with an optimistic perspective could view the recent improvement in TSR as indicating that the business itself is getting better with time. 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. To that end, you should be aware of the 1 warning sign we've spotted with Citigroup .
看到花旗集團在過去12個月內以總股東回報率32%回報股東是好的。這包括股息。這種增長優於過去五年的年度TSR,僅爲1.8%。因此,近期的情緒似乎對公司有利。持樂觀態度的人可能會認爲,最近TSR的提高表明企業本身正在逐漸變得更好。 以股價長期表現爲業務表現的代理很有趣,但爲了真正獲得見解,我們還需要考慮其他信息。爲此,您應該注意我們在花旗集團發現的1個警告信號。
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of companies that have proven they can grow earnings.
如果您願意查看另一家公司(具有潛在的更好財務狀況),請不要錯過這個免費的公司列表,證明它們可以增長收益。
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on American exchanges.
請注意,本文所引述的市場回報反映了目前在美國交易所上市的股票的市場加權平均回報。
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.
對本文有任何反饋?對內容有任何疑慮?請直接與我們聯繫。或者,發送電子郵件至editorial-team@simplywallst.com。
這篇文章是Simply Wall St的一般性文章。我們根據歷史數據和分析師預測提供評論,只使用公正的方法論,我們的文章並不意味着提供任何金融建議。文章不構成買賣任何股票的建議,也不考慮您的目標或您的財務狀況。我們的目標是帶給您基本數據驅動的長期關注分析。請注意,我們的分析可能不考慮最新的價格敏感公司公告或定性材料。Simply Wall St沒有任何股票頭寸。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
對本文有任何反饋?對內容有任何疑慮?請直接與我們聯繫。或者,發送電子郵件至editorial-team@simplywallst.com。