Howard Hughes Holdings (NYSE:HHH) Shareholders Are up 7.7% This Past Week, but Still in the Red Over the Last Five Years
Howard Hughes Holdings (NYSE:HHH) Shareholders Are up 7.7% This Past Week, but Still in the Red Over the Last Five Years
Howard Hughes Holdings Inc. (NYSE:HHH) shareholders should be happy to see the share price up 22% in the last quarter. But if you look at the last five years the returns have not been good. After all, the share price is down 26% in that time, significantly under-performing the market.
霍華德·休斯控股公司(紐約證券交易所代碼:HHH)的股東應該很高興看到上個季度股價上漲22%。但是,如果你看看過去的五年,回報並不理想。畢竟,當時股價下跌了26%,表現大大低於市場。
On a more encouraging note the company has added US$280m to its market cap in just the last 7 days, so let's see if we can determine what's driven the five-year loss for shareholders.
更令人鼓舞的是,該公司的市值在過去的7天內就增加了2.8億美元,所以讓我們看看我們能否確定是什麼推動了股東五年的虧損。
Howard Hughes Holdings isn't currently profitable, so most analysts would look to revenue growth to get an idea of how fast the underlying business is growing. Generally speaking, companies without profits are expected to grow revenue every year, and at a good clip. Some companies are willing to postpone profitability to grow revenue faster, but in that case one would hope for good top-line growth to make up for the lack of earnings.
霍華德·休斯控股公司目前沒有盈利,因此大多數分析師會着眼於收入的增長,以了解基礎業務的增長速度。一般而言,沒有利潤的公司預計每年收入將增長,而且速度很快。一些公司願意推遲盈利以更快地增加收入,但在這種情況下,人們希望良好的收入增長來彌補收益不足。
Over five years, Howard Hughes Holdings grew its revenue at 4.5% per year. That's not a very high growth rate considering it doesn't make profits. Given the weak growth, the share price fall of 5% isn't particularly surprising. Investors should consider how bad the losses are, and whether the company can make it to profitability with ease. Shareholders will want the company to approach profitability if it can't grow revenue any faster.
在過去的五年中,霍華德·休斯控股公司的收入以每年4.5%的速度增長。考慮到它沒有盈利,這不是一個很高的增長率。鑑於增長疲軟,股價下跌5%並不特別令人驚訝。投資者應考慮損失有多嚴重,以及公司能否輕鬆實現盈利。如果公司無法更快地增加收入,股東們就會希望公司實現盈利。
The image below shows how earnings and revenue have tracked over time (if you click on the image you can see greater detail).
下圖顯示了收入和收入在一段時間內的跟蹤情況(如果你點擊圖片,你可以看到更多的細節)。
If you are thinking of buying or selling Howard Hughes Holdings stock, you should check out this FREE detailed report on its balance sheet.
如果你想買入或賣出霍華德·休斯控股的股票,你應該查看這份關於其資產負債表的免費詳細報告。
What About Dividends?
那股息呢?
As well as measuring the share price return, investors should also consider the total shareholder return (TSR). Whereas the share price return only reflects the change in the share price, the TSR includes the value of dividends (assuming they were reinvested) and the benefit of any discounted capital raising or spin-off. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. We note that for Howard Hughes Holdings the TSR over the last 5 years was -22%, which is better than the share price return mentioned above. The dividends paid by the company have thusly boosted the total shareholder return.
除了衡量股價回報率外,投資者還應考慮股東總回報率(TSR)。儘管股價回報率僅反映股價的變化,但股東總回報率包括股息的價值(假設已進行再投資)以及任何折扣融資或分拆的收益。可以說,股東總回報率更全面地描述了股票產生的回報。我們注意到,霍華德·休斯控股公司過去5年的股東總回報率爲-22%,好於上述股價回報率。因此,公司支付的股息提高了股東的總回報率。
A Different Perspective
不同的視角
Howard Hughes Holdings shareholders gained a total return of 17% during the year. But that return falls short of the market. On the bright side, that's still a gain, and it is certainly better than the yearly loss of about 4% endured over half a decade. So this might be a sign the business has turned its fortunes around. It's always interesting to track share price performance over the longer term. But to understand Howard Hughes Holdings better, we need to consider many other factors. Take risks, for example - Howard Hughes Holdings has 1 warning sign we think you should be aware of.
霍華德·休斯控股的股東在年內獲得了17%的總回報。但是這種回報不及市場。好的一面是,這仍然是一個收益,而且肯定比五年來每年遭受的約4%的虧損要好。因此,這可能表明該企業已經扭轉了命運。長期跟蹤股價表現總是很有意思的。但是,要更好地了解霍華德·休斯控股公司,我們需要考慮許多其他因素。例如,冒險吧——霍華德·休斯控股公司有1個我們認爲你應該注意的警告信號。
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 American exchanges.
請注意,本文引用的市場回報反映了目前在美國交易所交易的股票的市場加權平均回報率。
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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.
對這篇文章有反饋嗎?擔心內容嗎?直接聯繫我們。或者,發送電子郵件給編輯組(網址爲)simplywallst.com。
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提供基於歷史數據和分析師預測的評論,我們的文章並非旨在提供財務建議。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,我們的分析可能不會考慮最新的價格敏感型公司公告或定性材料。華爾街只是沒有持有上述任何股票的頭寸。
譯文內容由第三人軟體翻譯。