Genco Shipping & Trading (NYSE:GNK) Shareholders Are Still up 84% Over 5 Years Despite Pulling Back 8.1% in the Past Week
Genco Shipping & Trading (NYSE:GNK) Shareholders Are Still up 84% Over 5 Years Despite Pulling Back 8.1% in the Past Week
Genco Shipping & Trading Limited (NYSE:GNK) shareholders might be concerned after seeing the share price drop 21% in the last quarter. But at least the stock is up over the last five years. In that time, it is up 30%, which isn't bad, but is below the market return of 102%.
上個季度股價下跌21%後,Genco Shipping & Trading Limited(紐約證券交易所代碼:GNK)的股東可能會感到擔憂。但至少該股在過去五年中有所上漲。在此期間,它上漲了30%,這還不錯,但低於102%的市場回報率。
While the stock has fallen 8.1% this week, it's worth focusing on the longer term and seeing if the stocks historical returns have been driven by the underlying fundamentals.
儘管該股本週下跌了8.1%,但值得關注長期來看,看看股票的歷史回報是否是由基礎基本面推動的。
To paraphrase Benjamin Graham: Over the short term the market is a voting machine, but over the long term it's a weighing machine. 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.
用本傑明·格雷厄姆的話來說:從短期來看,市場是一臺投票機,但從長遠來看,它是一臺稱重機。通過比較每股收益(EPS)和股價隨時間推移的變化,我們可以了解投資者對公司的態度如何隨着時間的推移而變化。
During the five years of share price growth, Genco Shipping & Trading moved from a loss to profitability. That's generally thought to be a genuine positive, so investors may expect to see an increasing share price. Since the company was unprofitable five years ago, but not three years ago, it's worth taking a look at the returns in the last three years, too. In fact, the Genco Shipping & Trading stock price is 6.3% lower in the last three years. In the same period, EPS is up 39% per year. It would appear there's a real mismatch between the increasing EPS and the share price, which has declined -2.2% a year for three years.
在股價增長的五年中,Genco Shipping & Trading從虧損轉爲盈利。人們普遍認爲這是真正的積極因素,因此投資者可能會看到股價上漲。由於該公司在五年前(而不是三年前)無利可圖,因此過去三年的回報也值得一看。實際上,Genco Shipping & Trading的股價在過去三年中下跌了6.3%。同期,每股收益每年增長39%。看來每股收益的增加與股價之間確實存在不匹配之處,股價連續三年每年下降-2.2%。
The image below shows how EPS has tracked over time (if you click on the image you can see greater detail).
下圖顯示了 EPS 在一段時間內的跟蹤情況(如果你點擊圖片,你可以看到更多的細節)。
We like that insiders have been buying shares in the last twelve months. Having said that, most people consider earnings and revenue growth trends to be a more meaningful guide to the business. This free interactive report on Genco Shipping & Trading's earnings, revenue and cash flow is a great place to start, if you want to investigate the stock further.
像我們一樣,內部人士在過去的十二個月中一直在購買股票。話雖如此,大多數人認爲收益和收入增長趨勢是更有意義的業務指南。如果你想進一步調查該股,這份關於Genco Shipping & Trading收益、收入和現金流的免費互動報告是一個很好的起點。
What About Dividends?
那股息呢?
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. In the case of Genco Shipping & Trading, it has a TSR of 84% for the last 5 years. That exceeds its share price return that we previously mentioned. And there's no prize for guessing that the dividend payments largely explain the divergence!
重要的是要考慮任何給定股票的股東總回報率和股價回報率。儘管股價回報率僅反映股價的變化,但股東總回報率包括股息的價值(假設已進行再投資)以及任何折扣融資或分拆的收益。可以公平地說,股東總回報率爲支付股息的股票提供了更完整的畫面。就Genco Shipping & Trading而言,在過去的5年中,其股東總回報率爲84%。這超過了我們之前提到的其股價回報率。而且,猜測股息支付在很大程度上解釋了這種分歧是沒有好處的!
A Different Perspective
不同的視角
Genco Shipping & Trading shareholders are down 4.3% for the year (even including dividends), but the market itself is up 28%. Even the share prices of good stocks drop sometimes, but we want to see improvements in the fundamental metrics of a business, before getting too interested. On the bright side, long term shareholders have made money, with a gain of 13% per year over half a decade. It could be that the recent sell-off is an opportunity, so it may be worth checking the fundamental data for signs of a long term growth trend. 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. Consider risks, for instance. Every company has them, and we've spotted 2 warning signs for Genco Shipping & Trading you should know about.
Genco Shipping & Trading的股東今年下跌了4.3%(甚至包括股息),但市場本身上漲了28%。即使是優質股票的股價有時也會下跌,但我們希望在過於感興趣之前看到企業基本指標的改善。好的一面是,長期股東賺了錢,在過去的五年中,每年增長13%。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。我發現將長期股價視爲業務績效的代表非常有趣。但是,要真正獲得見解,我們還需要考慮其他信息。例如,考慮風險。每家公司都有它們,我們發現了兩個你應該知道的Genco Shipping & Trading的警告信號。
Genco Shipping & Trading is not the only stock that insiders are buying. For those who like to find lesser know companies this free list of growing companies with recent insider purchasing, could be just the ticket.
Genco Shipping & Trading並不是內部人士唯一買入的股票。對於那些喜歡尋找知名度較低的公司的人來說,這份最近有內幕收購的成長型公司的免費清單可能只是入場券。
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,本文引用的市場回報反映了目前在美國交易所交易的股票的市場加權平均回報率。
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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.
對這篇文章有反饋嗎?擔心內容嗎?直接聯繫我們。或者,發送電子郵件給編輯組(網址爲)simplywallst.com。
Simply Wall ST 的這篇文章本質上是籠統的。我們僅使用公正的方法提供基於歷史數據和分析師預測的評論,我們的文章並非旨在提供財務建議。它不構成買入或賣出任何股票的建議,也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本數據驅動的長期重點分析。請注意,我們的分析可能不會考慮最新的價格敏感型公司公告或定性材料。華爾街只是沒有持有上述任何股票的頭寸。