Market Is Not Liking Kennedy-Wilson Holdings' (NYSE:KW) Earnings Decline as Stock Retreats 3.8% This Week
Market Is Not Liking Kennedy-Wilson Holdings' (NYSE:KW) Earnings Decline as Stock Retreats 3.8% This Week
For many, the main point of investing is to generate higher returns than the overall market. But every investor is virtually certain to have both over-performing and under-performing stocks. So we wouldn't blame long term Kennedy-Wilson Holdings, Inc. (NYSE:KW) shareholders for doubting their decision to hold, with the stock down 27% over a half decade. Furthermore, it's down 22% in about a quarter. That's not much fun for holders.
对许多人来说,投资的主要目的是创造比整体市场更高的回报。但几乎可以肯定的是,每个投资者都会同时拥有表现优异和表现不佳的股票。所以我们不会责怪长期肯尼迪-威尔逊控股公司(纽约证券交易所股票代码:KW)股东对他们持有股票的决定表示怀疑,该股在过去五年中下跌了27%。此外,它在大约四分之一的时间里下跌了22%。对于持有者来说,这并不是什么乐趣。
If the past week is anything to go by, investor sentiment for Kennedy-Wilson Holdings isn't positive, so let's see if there's a mismatch between fundamentals and the share price.
如果以过去一周为标准,投资者对肯尼迪-威尔逊控股公司的情绪并不乐观,所以让我们看看基本面和股价之间是否存在错配。
Check out our latest analysis for Kennedy-Wilson Holdings
查看我们对肯尼迪-威尔逊控股公司的最新分析
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 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.
用巴菲特的话说,“船只将在世界各地航行,但平坦的地球协会将蓬勃发展。市场上的价格和价值之间将继续存在巨大的差异……”一种不完美但简单的方法来考虑市场对一家公司的看法是如何改变的,那就是将每股收益(EPS)的变化与股价走势进行比较。
During the five years over which the share price declined, Kennedy-Wilson Holdings' earnings per share (EPS) dropped by 29% each year. The share price decline of 6% per year isn't as bad as the EPS decline. So investors might expect EPS to bounce back -- or they may have previously foreseen the EPS decline. The high P/E ratio of 49.12 suggests that shareholders believe earnings will grow in the years ahead.
在股价下跌的五年中,肯尼迪-威尔逊控股公司的每股收益(EPS)每年下降29%。股价每年6%的跌幅并不像每股收益下跌那么糟糕。因此,投资者可能会预计每股收益会反弹--或者他们之前可能已经预见到了每股收益的下降。49.12的高市盈率表明,股东相信未来几年收益将会增长。
You can see below how EPS has changed over time (discover the exact values by clicking on the image).
您可以在下面看到EPS是如何随着时间的推移而变化的(通过单击图像来了解确切的值)。
![earnings-per-share-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20231021/0-40f10b4f5e734b1a908378c9df52a48b-0-5a91596cca452ab2d5a1e47a6d557260.png/big)
This free interactive report on Kennedy-Wilson Holdings' earnings, revenue and cash flow is a great place to start, if you want to investigate the stock further.
这免费如果你想进一步调查肯尼迪-威尔逊控股公司的股票,关于肯尼迪-威尔逊控股公司的收益、收入和现金流的互动报告是一个很好的起点。
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. 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. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. In the case of Kennedy-Wilson Holdings, it has a TSR of -5.8% for the last 5 years. That exceeds its share price return that we previously mentioned. The dividends paid by the company have thusly boosted the total shareholder return.
重要的是要考虑任何给定股票的总股东回报以及股价回报。TSR是一种回报计算,计入了现金股息的价值(假设收到的任何股息都进行了再投资),以及任何贴现融资和剥离的计算价值。因此,对于支付丰厚股息的公司来说,TSR往往比股价回报高得多。以肯尼迪-威尔逊控股公司为例,它在过去5年的总资产收益率为-5.8%。这超过了我们之前提到的它的股价回报。该公司支付的股息因此提振了总计股东回报。
A Different Perspective
不同的视角
Investors in Kennedy-Wilson Holdings had a tough year, with a total loss of 11% (including dividends), against a market gain of about 13%. 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. Unfortunately, last year's performance may indicate unresolved challenges, given that it was worse than the annualised loss of 1.1% over the last half decade. 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. 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. Like risks, for instance. Every company has them, and we've spotted 5 warning signs for Kennedy-Wilson Holdings (of which 3 are a bit unpleasant!) you should know about.
肯尼迪-威尔逊控股公司的投资者经历了艰难的一年,总共损失了11%(包括股息),而市场收益约为13%。即使是好股票的股价有时也会下跌,但我们希望在对企业产生太大兴趣之前,看到企业的基本指标有所改善。不幸的是,去年的表现可能预示着尚未解决的挑战,因为它比过去五年1.1%的年化损失更糟糕。一般来说,股价长期疲软可能是一个坏信号,尽管反向投资者可能会希望研究这只股票,希望它能好转。我发现,把股价作为衡量企业业绩的长期指标是非常有趣的。但为了真正获得洞察力,我们还需要考虑其他信息。比如风险。每家公司都有它们,我们已经发现肯尼迪-威尔逊控股公司的5个警告信号(其中有3个有点令人不快!)你应该知道。
Of course Kennedy-Wilson Holdings may not be the best stock to buy. So you may wish to see this free collection of growth stocks.
当然了肯尼迪-威尔逊控股公司可能不是最值得购买的股票。所以你可能想看看这个免费成长型股票的集合。
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on American exchanges.
请注意,本文引用的市场回报反映了目前在美国交易所交易的股票的市场加权平均回报。
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本文由Simply Wall St.撰写,具有概括性。我们仅使用不偏不倚的方法提供基于历史数据和分析师预测的评论,我们的文章并不打算作为财务建议。它不构成买卖任何股票的建议,也没有考虑你的目标或你的财务状况。我们的目标是为您带来由基本面数据驱动的长期重点分析。请注意,我们的分析可能不会将最新的对价格敏感的公司公告或定性材料考虑在内。Simply Wall St.对上述任何一只股票都没有持仓。