For many, the main point of investing is to generate higher returns than the overall market. But even the best stock picker will only win with some selections. At this point some shareholders may be questioning their investment in Bukit Sembawang Estates Limited (SGX:B61), since the last five years saw the share price fall 30%. The falls have accelerated recently, with the share price down 12% in the last three months.
After losing 8.4% this past week, it's worth investigating the company's fundamentals to see what we can infer from past performance.
Check out our latest analysis for Bukit Sembawang Estates
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.
While the share price declined over five years, Bukit Sembawang Estates actually managed to increase EPS by an average of 2.7% per year. Given the share price reaction, one might suspect that EPS is not a good guide to the business performance during the period (perhaps due to a one-off loss or gain). Or possibly, the market was previously very optimistic, so the stock has disappointed, despite improving EPS.
By glancing at these numbers, we'd posit that the the market had expectations of much higher growth, five years ago. Having said that, we might get a better idea of what's going on with the stock by looking at other metrics.
In contrast to the share price, revenue has actually increased by 27% a year in the five year period. A more detailed examination of the revenue and earnings may or may not explain why the share price languishes; there could be an opportunity.
You can see how earnings and revenue have changed over time in the image below (click on the chart to see the exact values).
SGX:B61 Earnings and Revenue Growth September 29th 2022
If you are thinking of buying or selling Bukit Sembawang Estates stock, you should check out this FREE detailed report on its balance sheet.
What About Dividends?
When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. 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, Bukit Sembawang Estates' TSR for the last 5 years was -16%, which exceeds the share price return mentioned earlier. This is largely a result of its dividend payments!
A Different Perspective
Investors in Bukit Sembawang Estates had a tough year, with a total loss of 6.7% (including dividends), against a market gain of about 3.4%. However, keep in mind that even the best stocks will sometimes underperform the market over a twelve month period. Unfortunately, last year's performance may indicate unresolved challenges, given that it was worse than the annualised loss of 3% over the last half decade. We realise that Baron Rothschild has said investors should "buy when there is blood on the streets", but we caution that investors should first be sure they are buying a high quality business. It's always interesting to track share price performance over the longer term. But to understand Bukit Sembawang Estates better, we need to consider many other factors. For example, we've discovered 1 warning sign for Bukit Sembawang Estates that you should be aware of before investing here.
But note: Bukit Sembawang Estates 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).
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on SG exchanges.
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.
對許多人來説,投資的主要目的是創造比整體市場更高的回報。但即使是最好的選股者也只有在一些選擇。在這一點上,一些股東可能會質疑他們在武吉森巴旺置業有限公司(新加坡證券交易所股票代碼:B61),自過去五年股價下跌30%以來。股價最近加速下跌,在過去三個月裏下跌了12%。
在過去一週下跌8.4%後,有必要調查一下該公司的基本面,看看我們可以從過去的表現中推斷出什麼。
查看我們對武吉森巴旺莊園的最新分析
用巴菲特的話説,“船隻將在世界各地航行,但平坦的地球協會將蓬勃發展。市場上的價格和價值之間將繼續存在巨大的差異……”一種不完美但簡單的方法來考慮市場對一家公司的看法是如何改變的,那就是將每股收益(EPS)的變化與股價走勢進行比較。
雖然股價在五年內下跌,但Bukit Sembawang EStates實際上設法增加每股收益平均每年增長2.7%。考慮到股價的反應,人們可能會懷疑,每股收益不是這段時間內業務表現的良好指南(可能是因為一次性的虧損或收益)。也有可能,此前市場非常樂觀,因此儘管每股收益有所改善,但該股仍令人失望。
通過瀏覽這些數字,我們可以假設,五年前,市場曾預期會有更高的增長。話雖如此,我們可能會通過查看其他指標來更好地瞭解股票的走勢。
與股價形成對比的是,在這五年期間,營收實際上以每年27%的速度增長。對營收和收益進行更詳細的審查,可能會解釋股價低迷的原因,也可能解釋不了;可能會有機會。
您可以在下圖中看到收益和收入隨時間的變化(單擊圖表查看確切的值)。
新交所:B61 2022年9月29日收益和收入增長
如果你正在考慮買賣武吉三巴旺地產的股票,你應該看看這個。免費關於其資產負債表的詳細報告。
那股息呢?
在考察投資回報時,重要的是要考慮到股東總回報(TSR)和股價回報。TSR包括任何剝離或貼現融資的價值,以及任何股息,基於股息再投資的假設。公平地説,TSR為支付股息的股票提供了更完整的圖景。事實上,Bukit Sembawang EStates過去5年的TSR為-16%,超過了前面提到的股價回報率。這在很大程度上是其股息支付的結果!
不同的視角
Bukit Sembawang EStates的投資者經歷了艱難的一年,總虧損6.7%(包括股息),而市場收益約3.4%。然而,請記住,即使是最好的股票,在12個月的時間裏,有時也會表現遜於市場。不幸的是,去年的表現可能預示着尚未解決的挑戰,因為它比過去五年3%的年化損失更糟糕。我們意識到,羅斯柴爾德男爵曾説過,投資者應該“在街上血淋淋的時候買入”,但我們警告投資者,首先應該確保他們購買的是一家高質量的企業。跟蹤股價的長期表現總是很有趣的。但為了更好地瞭解武吉三巴旺莊園,我們需要考慮許多其他因素。例如,我們發現武吉三巴旺村的1個警告標誌在這裏投資之前你應該意識到這一點。
但請注意:Bukit Sembawang EStates可能不是購買的最佳股票。所以讓我們來看看這個免費過去有盈利增長(以及進一步增長預測)的有趣公司名單。
請注意,本文引用的市場回報反映了目前在SG交易所交易的股票的市場加權平均回報。
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本文由Simply Wall St.撰寫,具有概括性。我們僅使用不偏不倚的方法提供基於歷史數據和分析師預測的評論,我們的文章並不打算作為財務建議。它不構成買賣任何股票的建議,也沒有考慮你的目標或你的財務狀況。我們的目標是為您帶來由基本面數據驅動的長期重點分析。請注意,我們的分析可能不會將最新的對價格敏感的公司公告或定性材料考慮在內。Simply Wall St.對上述任何一隻股票都沒有持倉。