CapitaLand India Trust (SGX:CY6U) Stock Falls 6.8% in Past Week as Three-year Earnings and Shareholder Returns Continue Downward Trend
CapitaLand India Trust (SGX:CY6U) Stock Falls 6.8% in Past Week as Three-year Earnings and Shareholder Returns Continue Downward Trend
Many investors define successful investing as beating the market average over the long term. But in any portfolio, there are likely to be some stocks that fall short of that benchmark. Unfortunately, that's been the case for longer term CapitaLand India Trust (SGX:CY6U) shareholders, since the share price is down 33% in the last three years, falling well short of the market decline of around 0.9%. Shareholders have had an even rougher run lately, with the share price down 13% in the last 90 days.
許多投資者將成功的投資定義爲長期超過市場平均水平。但是在任何投資組合中,都可能有一些股票未達到該基準。不幸的是,凱德置地印度信託(新加坡證券交易所股票代碼:CY6U)的長期股東就是這種情況,因爲股價在過去三年中下跌了33%,遠低於0.9%左右的市場跌幅。股東們最近的表現更加艱難,股價在過去90天中下跌了13%。
Since CapitaLand India Trust has shed S$94m from its value in the past 7 days, let's see if the longer term decline has been driven by the business' economics.
由於CapitaLand 印度信託基金在過去7天內貶值了9400萬新元,因此讓我們看看長期下跌是否是由該業務的經濟推動的。
While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance. 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.
雖然市場是一種強大的定價機制,但股價反映了投資者的情緒,而不僅僅是潛在的業務表現。評估公司情緒變化的一種有缺陷但合理的方法是將每股收益(EPS)與股價進行比較。
CapitaLand India Trust saw its EPS decline at a compound rate of 1.1% per year, over the last three years. This reduction in EPS is slower than the 13% annual reduction in the share price. So it's likely that the EPS decline has disappointed the market, leaving investors hesitant to buy. This increased caution is also evident in the rather low P/E ratio, which is sitting at 8.72.
在過去三年中,凱德置地印度信託基金的每股收益複合下降幅度爲每年1.1%。每股收益的下降低於股價每年13%的降幅。因此,每股收益的下降很可能令市場失望,使投資者對買入猶豫不決。這種更加謹慎的態度也體現在相當低的市盈率上,該比率爲8.72。
You can see how EPS has changed over time in the image below (click on the chart to see the exact values).
您可以在下圖中看到 EPS 隨時間推移的變化(點擊圖表查看確切值)。
![earnings-per-share-growth](https://newsfile.futunn.com/public/NN-PersistNewsContentImage/7781/20240423/0-fe9598830a3e3fcd33ba4a0906440aa1-0-67a5f4ae7a85e017e5189ed333f8b092.png/big)
It might be well worthwhile taking a look at our free report on CapitaLand India Trust's earnings, revenue and cash flow.
看一下我們關於凱德印度信託收益、收入和現金流的免費報告可能值得一看。
What About Dividends?
分紅呢?
It is important to consider the total shareholder return, as well as the share price return, for any given stock. 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. As it happens, CapitaLand India Trust's TSR for the last 3 years was -19%, which exceeds the share price return mentioned earlier. This is largely a result of its dividend payments!
重要的是要考慮任何給定股票的股東總回報率和股價回報率。基於股息再投資的假設,股東總回報率納入了任何分拆或貼現資本籌集的價值以及任何股息。可以說,股東總回報率更全面地描述了股票產生的回報。碰巧的是,凱德印度信託在過去3年的股東總回報率爲-19%,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!
A Different Perspective
不同的視角
We regret to report that CapitaLand India Trust shareholders are down 5.1% for the year (even including dividends). Unfortunately, that's worse than the broader market decline of 3.1%. However, it could simply be that the share price has been impacted by broader market jitters. It might be worth keeping an eye on the fundamentals, in case there's a good opportunity. On the bright side, long term shareholders have made money, with a gain of 0.4% per year over half a decade. It could be that the recent sell-off is an opportunity, so it may be worth checking the fundamental data for signs of a long term growth trend. It's always interesting to track share price performance over the longer term. But to understand CapitaLand India Trust better, we need to consider many other factors. Like risks, for instance. Every company has them, and we've spotted 4 warning signs for CapitaLand India Trust (of which 1 is concerning!) you should know about.
我們遺憾地報告,凱德印度信託的股東今年下跌了5.1%(甚至包括股息)。不幸的是,這比整個市場3.1%的跌幅還要嚴重。但是,可能只是股價受到了更廣泛的市場緊張情緒的影響。如果有很好的機會,可能值得關注基本面。好的一面是,長期股東賺了錢,在過去的五年中,每年增長0.4%。最近的拋售可能是一個機會,因此可能值得查看基本面數據以尋找長期增長趨勢的跡象。長期追蹤股價表現總是很有意思的。但是,爲了更好地了解凱德置地印度信託,我們需要考慮許多其他因素。比如風險。每家公司都有它們,我們已經發現了凱德置地印度信託的4個警告信號(其中1個令人擔憂!)你應該知道。
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of companies that have proven they can grow earnings.
如果你想看看另一家公司——一家財務狀況可能優異的公司——那麼千萬不要錯過這份已經證明自己可以增加收益的公司的免費名單。
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,本文引用的市場回報反映了目前在新加坡交易所交易的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.
對這篇文章有反饋嗎?對內容感到擔憂?直接聯繫我們。 或者,給編輯團隊 (at) simplywallst.com 發送電子郵件。
Simply Wall St的這篇文章本質上是籠統的。我們僅使用公正的方法根據歷史數據和分析師的預測提供評論,我們的文章無意作爲財務建議。它不構成買入或賣出任何股票的建議,也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本數據驅動的長期重點分析。請注意,我們的分析可能不考慮最新的價格敏感型公司公告或定性材料。簡而言之,華爾街沒有持有任何上述股票的頭寸。
譯文內容由第三人軟體翻譯。