Investing in Jones Lang LaSalle (NYSE:JLL) Five Years Ago Would Have Delivered You a 51% Gain
Investing in Jones Lang LaSalle (NYSE:JLL) Five Years Ago Would Have Delivered You a 51% Gain
If you buy and hold a stock for many years, you'd hope to be making a profit. Better yet, you'd like to see the share price move up more than the market average. But Jones Lang LaSalle Incorporated (NYSE:JLL) has fallen short of that second goal, with a share price rise of 51% over five years, which is below the market return. However, more recent buyers should be happy with the increase of 29% over the last year.
如果您買入並持有股票多年,希望能獲利。更好的是,您希望看到股價上漲超過市場平均水平。但是,Jones Lang LaSalle Incorporated(紐交所:JLL)未能達到第二個目標,在過去五年中,其股價上漲了51%,低於市場回報。但是,最近的買家應該對過去一年的漲幅29%感到滿意。
So let's assess the underlying fundamentals over the last 5 years and see if they've moved in lock-step with shareholder returns.
因此,讓我們評估過去5年的基本面,看看它們是否和股東的回報率相符。
While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance. By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time.
儘管市場是一個強大的定價機制,股價不僅反映了基本業務表現,還反映了投資者的情緒。通過比較每股收益(EPS)和股價變化,並隨時間推移這樣做,我們可以了解股東對公司的態度如何隨時間變化。
Jones Lang LaSalle's earnings per share are down 9.1% per year, despite strong share price performance over five years.
儘管過去五年表現強勁,但Jones Lang LaSalle的每股收益每年下降9.1%。
Essentially, it doesn't seem likely that investors are focused on EPS. Because earnings per share don't seem to match up with the share price, we'll take a look at other metrics instead.
基本上,投資者似乎並未關注每股收益。因爲每股收益似乎與股價不匹配,所以我們將查看其他指標。
On the other hand, Jones Lang LaSalle's revenue is growing nicely, at a compound rate of 19% over the last five years. It's quite possible that management are prioritizing revenue growth over EPS growth at the moment.
另一方面,Jones Lang LaSalle的營業收入有良好的增長,在過去五年中以每股複合增長率達19%。目前,管理層很可能將重點放在營收增長上,而非每股收益增長上。
The company's revenue and earnings (over time) are depicted in the image below (click to see the exact numbers).
以下圖像顯示了公司的營業收入和盈利(隨時間變化)(單擊以查看準確的數字)。
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。
A Different Perspective
不同的觀點
It's good to see that Jones Lang LaSalle has rewarded shareholders with a total shareholder return of 29% in the last twelve months. Since the one-year TSR is better than the five-year TSR (the latter coming in at 9% per year), it would seem that the stock's performance has improved in recent times. In the best case scenario, this may hint at some real business momentum, implying that now could be a great time to delve deeper. 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. To that end, you should be aware of the 1 warning sign we've spotted with Jones Lang LaSalle .
很高興看到Jones Lang LaSalle在過去12個月中通過股東回報率爲股東帶來了29%的回報。由於一年的總股東回報率優於五年的總股東回報率(後者每年爲9%),因此似乎該股的表現近來有所改善。在最好的情況下,這可能暗示着一些真正的業務動力,這意味着現在可能是深入探討的好時間。我發現以長期股價作爲業務績效的代理非常有趣。但是,爲了真正獲得洞察力,我們還需要考慮其他信息。爲此,您應該了解我們在Jones Lang LaSalle發現的1個警告信號。
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.
如果您願意查看另一家公司-具有潛在更優質財務狀況的公司-則不要錯過這個免費的公司列表,這些公司已經證明他們可以增長收益。
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,本文所引述的市場回報反映了目前在美國交易所上市的股票的市場加權平均回報。
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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.
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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。
譯文內容由第三人軟體翻譯。