Guoco Group (HKG:53) Investors Are Sitting on a Loss of 32% If They Invested Five Years Ago
Guoco Group (HKG:53) Investors Are Sitting on a Loss of 32% If They Invested Five Years Ago
In order to justify the effort of selecting individual stocks, it's worth striving to beat the returns from a market index fund. But even the best stock picker will only win with some selections. At this point some shareholders may be questioning their investment in Guoco Group Limited (HKG:53), since the last five years saw the share price fall 41%.
爲了證明選擇個股的努力是值得的,值得努力打敗市場基金的回報。但即使是最好的股票選擇者也只能通過一些股票贏得勝利。在這一點上,一些股東可能會質疑他們對國浩集團有限公司(HKG:53)的投資,因爲過去五年股價下跌了41%。
It's worthwhile assessing if the company's economics have been moving in lockstep with these underwhelming shareholder returns, or if there is some disparity between the two. So let's do just that.
值得評估公司的經濟狀況是否與這些不盡如人意的股東回報同時發展並步調一致,或者兩者之間是否存在差異。因此,讓我們來看看。
While the efficient markets hypothesis continues to be taught by some, it has been proven that markets are over-reactive dynamic systems, and investors are not always rational. 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).
雖然有效市場假說仍然被一些人教授,但被證明市場是過度反應的動態系統,投資者並不總是理性的。檢查市場情緒如何隨時間變化的一種方法是看一個公司的股價與其每股收益(EPS)之間的交互作用。
Guoco Group became profitable within the last five years. Most would consider that to be a good thing, so it's counter-intuitive to see the share price declining. Other metrics might give us a better handle on how its value is changing over time.
國浩集團在過去五年內實現了盈利。這對大多數人來說都是一件好事,所以看到股價下跌是違反常理的。其他指標可能會更好地幫助我們掌握其價值隨時間的變化。
We note that the dividend has fallen in the last five years, so that may have contributed to the share price decline.
我們注意到在過去五年中分紅有所下降,因此這可能對股價下跌有所貢獻。
You can see below how earnings and revenue have changed over time (discover the exact values by clicking on the image).
您可以看到以下收益和營收的變化情況(通過單擊圖像了解精確值)。
![big](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240813/0-2c3dbfeac95d1bcd771c1f2d56b04d5f-0-3a947c88e772e6c8f16d269767bd5b13.png/big)
Balance sheet strength is crucial. It might be well worthwhile taking a look at our free report on how its financial position has changed over time.
資產負債表強度至關重要。查看我們關於其財務狀況如何隨時間變化的免費報告可能很值得一看。
What About Dividends?
那麼分紅怎麼樣呢?
When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. 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. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. In the case of Guoco Group, it has a TSR of -32% for the last 5 years. That exceeds its share price return that we previously mentioned. This is largely a result of its dividend payments!
在考慮投資回報時,考慮總股東回報(TSR)和股價回報之間的差異非常重要。TSR是一個回報計算,它考慮到現金股息的價值(假設任何收到的股息都是再投資的)以及任何折扣股本增發和分拆所計算的價值。可以說,TSR提供了股票所產生回報的更全面的圖像。在國浩集團的情況下,過去5年的TSR爲-32%。這超過了我們之前提到的股價回報。這主要是由於其分紅派息的原因!
A Different Perspective
不同的觀點
It's nice to see that Guoco Group shareholders have received a total shareholder return of 17% over the last year. That's including the dividend. That certainly beats the loss of about 6% per year over the last half decade. The long term loss makes us cautious, but the short term TSR gain certainly hints at a brighter future. 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. Even so, be aware that Guoco Group is showing 2 warning signs in our investment analysis , you should know about...
很高興看到國浩集團股東在過去一年中獲得了總股東回報率爲17%。包括股息在內。這當然要比過去一年的平均虧損6%要好得多。長期虧損讓我們感到謹慎,但短期的TSR上漲確實暗示着更加美好的未來。用長期股價作爲業務表現的一種代理是非常有趣的。但是,爲了真正獲得洞察力,我們需要考慮其他信息。儘管如此,請注意,在我們的投資分析中,國浩集團正顯示出2個警告信號,您應該知道......
For those who like to find winning investments this free list of undervalued companies with recent insider purchasing, could be just the ticket.
對於那些喜歡尋找獲勝投資的人來說,最近有內部購買的低估公司免費列表可能是一個很好的選擇。
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on Hong Kong exchanges.
請注意,本文引用的市場回報反映了當前在香港證券交易所交易的股票的市場加權平均回報。
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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。