Gemdale (SHSE:600383) Stock Falls 3.0% in Past Week as Five-year Earnings and Shareholder Returns Continue Downward Trend
Gemdale (SHSE:600383) Stock Falls 3.0% in Past Week as Five-year Earnings and Shareholder Returns Continue Downward Trend
Generally speaking long term investing is the way to go. But that doesn't mean long term investors can avoid big losses. To wit, the Gemdale Corporation (SHSE:600383) share price managed to fall 75% over five long years. That's not a lot of fun for true believers. And it's not just long term holders hurting, because the stock is down 53% in the last year. More recently, the share price has dropped a further 21% in a month.
总的来说,长期投资是正确的选择。但这并不意味着长期投资者可以避免大的损失。例如,金地集团(SHSE:600383)的股价在5年的时间里下跌了75%,这对于真正的股民来说并不好玩。受到影响的不仅仅是长期持有者,因为股票在过去一年中下跌了53%。更近期,股价在一个月内进一步下跌了21%。
Given the past week has been tough on shareholders, let's investigate the fundamentals and see what we can learn.
考虑到过去一周对股东来说是艰难的,让我们调查一下基本面并看看我们能学到什么。
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 flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price.
在他的文章《格雷厄姆-多德斯维尔的超级投资人》中,沃伦·巴菲特描述了股票价格并不总是理性地反映公司价值的情况。一种有缺陷但合理的评估公司情绪如何变化的方法是将每股收益(EPS)与股票价格进行比较。
Looking back five years, both Gemdale's share price and EPS declined; the latter at a rate of 59% per year. This fall in the EPS is worse than the 24% compound annual share price fall. The relatively muted share price reaction might be because the market expects the business to turn around. With a P/E ratio of 138.02, it's fair to say the market sees a brighter future for the business.
回顾过去五年,金地股价和每股收益都下降了;后者每年下降59%。每股收益下降的比例比每年24%的复合年均股价下降还要糟糕。股价反应相对较弱可能是因为市场预计该业务会好转。以138.02的市盈率来看,市场认为该业务的未来更加光明。
You can see below how EPS has changed over time (discover the exact values by clicking on the image).
下面可以看到每股收益随时间的变化情况(通过点击图像来查看确切数值)。
![big](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240717/0-8d756c86d074a970a85779996772a469-0-1d22990d809016687a05f5b1221a7e3c.png/big)
It might be well worthwhile taking a look at our free report on Gemdale's earnings, revenue and cash flow.
检查我们免费报告中的金地收入,营业收入和现金流可能相当值得的。
What About Dividends?
那么分红怎么样呢?
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. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. We note that for Gemdale the TSR over the last 5 years was -70%, which is better than the share price return mentioned above. This is largely a result of its dividend payments!
除了衡量股价收益率外,投资者还应考虑总股东回报(TSR)。TSR包括任何剥离或折扣资本募集的价值,以及任何股息,基于股息再投资的假设。可以说,TSR给出了股票产生的更全面的回报画面。我们注意到,对于金地来说,过去5年的TSR为-70%,比上面提到的股价回报率要好。这在很大程度上是其股息支付的结果!
A Different Perspective
不同的观点
We regret to report that Gemdale shareholders are down 52% for the year (even including dividends). Unfortunately, that's worse than the broader market decline of 17%. Having said that, it's inevitable that some stocks will be oversold in a falling market. The key is to keep your eyes on the fundamental developments. Unfortunately, last year's performance may indicate unresolved challenges, given that it was worse than the annualised loss of 11% 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. It's always interesting to track share price performance over the longer term. But to understand Gemdale better, we need to consider many other factors. To that end, you should learn about the 3 warning signs we've spotted with Gemdale (including 1 which shouldn't be ignored) .
很遗憾,即使考虑到股息,金地的股东今年也下跌了52%。不幸的是,这比整个市场下跌17%还要糟糕。话虽如此,在一个下跌的市场中,某些股票肯定会被过度抛售。关键是保持对基本面的关注。不幸的是,去年的表现可能表明存在未解决的挑战,因为其比过去半个十年的平均亏损11%还要糟糕。总的来说,长期的股价疲软可能是一个不好的信号,尽管逆势投资者可能希望研究股票以期望扭转局面。跟踪长期股价表现总是很有趣的。但想要更好的了解金地,我们需要考虑许多其他因素。为此,你应该学习以下这3个警告信号,我们已经发现了其中1个,不容忽视。
We will like Gemdale better if we see some big insider buys. While we wait, check out this free list of undervalued stocks (mostly small caps) with considerable, recent, insider buying.
如果我们看到一些重要的内部人士买入金地,我们将更喜欢这家公司。在等待期间,请查看这个有大量最近内部交易买入的低估价值股票(主要是小市值股票)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 Chinese exchanges.
请注意,本文引用的市场回报反映了目前在中国交易所上市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.
对本文有反馈?对内容感到担忧?请直接与我们联系。或者,发送电子邮件至editorial-team (at) simplywallst.com。
这篇文章是Simply Wall St的一般性文章。我们根据历史数据和分析师预测提供评论,只使用公正的方法论,我们的文章并不意味着提供任何金融建议。文章不构成买卖任何股票的建议,也不考虑您的目标或您的财务状况。我们的目标是带给您基本数据驱动的长期关注分析。请注意,我们的分析可能不考虑最新的价格敏感公司公告或定性材料。Simply Wall St没有任何股票头寸。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
对本文有反馈?对内容感到担忧?请直接与我们联系。或者,发送电子邮件至editorial-team@simplywallst.com。