DBS Group Holdings (SGX:D05) Shareholders Have Earned a 14% CAGR Over the Last Five Years
DBS Group Holdings (SGX:D05) Shareholders Have Earned a 14% CAGR Over the Last Five Years
Stock pickers are generally looking for stocks that will outperform the broader market. And while active stock picking involves risks (and requires diversification) it can also provide excess returns. For example, the DBS Group Holdings Ltd (SGX:D05) share price is up 52% in the last 5 years, clearly besting the market decline of around 17% (ignoring dividends). On the other hand, the more recent gains haven't been so impressive, with shareholders gaining just 23%, including dividends.
股票擇時者通常尋找那些將優於整個市場的股票。雖然積極的股票擇時涉及風險(需要分散投資),但它也可以提供超額收益。例如,星展集團控股有限公司(SGX:D05)的股價在過去5年中上漲了52%,明顯優於市場下跌約17%(不考慮分紅)。另一方面,更近期的收益並不那麼令人印象深刻,股東僅獲得了23%的收益,包括分紅。
So let's investigate and see if the longer term performance of the company has been in line with the underlying business' progress.
那麼,讓我們調查一下並查看公司的長期表現是否符合基本業務的進展。
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 five years of share price growth, DBS Group Holdings moved from a loss to profitability. That would generally be considered a positive, so we'd hope to see the share price to rise.
在五年的股價增長期間,星展集團控股從虧損轉爲盈利。這通常被認爲是一個積極的因素,因此我們希望看到股票價格上漲。
The company's earnings per share (over time) is depicted in the image below (click to see the exact numbers).
該公司的每股收益(隨時間的推移)如下圖所示(單擊可查看確切數字)。
![big](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240729/0-229b9910d9e420b0d74b9c07e5bcc708-0-54a52887fa7f0c4f5ebff8825c004da3.png/big)
We know that DBS Group Holdings has improved its bottom line lately, but is it going to grow revenue? If you're interested, you could check this free report showing consensus revenue forecasts.
我們知道,星展集團控股最近改善了其底線,但它將增加收入嗎?如果您感興趣,可以查看此免費報告,其中顯示了共識收入預測。
What About Dividends?
那麼分紅怎麼樣呢?
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. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. As it happens, DBS Group Holdings' TSR for the last 5 years was 95%, which exceeds the share price return mentioned earlier. The dividends paid by the company have thusly boosted the total shareholder return.
除了測量股價回報率外,投資者還應考慮總股東回報(TSR)。TSR包括任何分拆或折價資本募集的價值,以及基於股息再投資的任何股息,假設股息再投資。可以說,TSR爲支付股息的股票提供了更完整的圖景。事實上,星展集團控股的TSR在過去的5年中爲95%,超過了先前提到的股價回報。公司支付的股息因此提高了股東的總股東回報率。
A Different Perspective
不同的觀點
We're pleased to report that DBS Group Holdings shareholders have received a total shareholder return of 23% over one year. That's including the dividend. That gain is better than the annual TSR over five years, which is 14%. Therefore it seems like sentiment around the company has been positive lately. Given the share price momentum remains strong, it might be worth taking a closer look at the stock, lest you miss an opportunity. 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. Consider risks, for instance. Every company has them, and we've spotted 2 warning signs for DBS Group Holdings you should know about.
我們很高興地報告,星展集團控股股東在一年內獲得了23%的總股東回報。其中包括分紅。這個收益比五年的年度TSR(14%)要好。因此,似乎公司周圍的情緒最近非常積極。鑑於股價勢頭仍然強勁,可能值得更仔細地研究該股,以免錯過機會。雖然考慮市場條件可能對股價產生的不同影響是值得的,但還有其他更重要的因素。例如,考慮風險。每家公司都有風險,我們已經發現了2個值得知道的風險信號,關於星展集團控股。
But note: DBS Group Holdings 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:星展集團控股可能不是最好的股票可供購買。因此,請查看這個免費的有關過去利潤增長(和進一步增長預測)的有趣公司的列表。
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on Singaporean exchanges.
請注意,本文中引用的市場回報反映了當前在新加坡交易所上市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。