share_log

The Total Return for Hour Glass (SGX:AGS) Investors Has Risen Faster Than Earnings Growth Over the Last Five Years

The Total Return for Hour Glass (SGX:AGS) Investors Has Risen Faster Than Earnings Growth Over the Last Five Years

玻璃(新加坡交易所:AGS)投資者的總回報在過去五年中增長速度比盈利增長更快
Simply Wall St ·  11/05 06:34

Stock pickers are generally looking for stocks that will outperform the broader market. And the truth is, you can make significant gains if you buy good quality businesses at the right price. For example, the The Hour Glass Limited (SGX:AGS) share price is up 87% in the last 5 years, clearly besting the market decline of around 15% (ignoring dividends).

股票選擇者通常在尋找將勝過整體市場的股票。事實上,如果您以合適的價格購買優質業務,您可以獲得顯著的收益。例如,The Hour Glass Limited (SGX:AGS)的股價在過去5年上漲了87%,明顯優於市場下跌約15%(忽略了股息)。

While this past week has detracted from the company's five-year return, let's look at the recent trends of the underlying business and see if the gains have been in alignment.

雖然過去的一週削弱了公司的五年回報,但讓我們看看業務的最近趨勢,並查看收益是否已對齊。

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 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.

引用巴菲特的話說,「船隻會在世界各地航行,但是持平地球學會會蓬勃發展。在市場上,價格和價值之間將繼續存在巨大的差距……」評估公司周圍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。

Over half a decade, Hour Glass managed to grow its earnings per share at 19% a year. This EPS growth is higher than the 13% average annual increase in the share price. Therefore, it seems the market has become relatively pessimistic about the company. The reasonably low P/E ratio of 6.38 also suggests market apprehension.

在半個多世紀的時間裏,Hour Glass設法以每年19%的速度增長每股收益。這種每股收益的增長高於股價的每年13%的平均增長率。因此,市場對該公司變得相對悲觀。6.38的相對較低市盈率也表明市場的憂慮。

You can see below how EPS has changed over time (discover the exact values by clicking on the image).

下面可以看到每股收益隨時間的變化情況(通過點擊圖像來查看確切數值)。

big
SGX:AGS Earnings Per Share Growth November 4th 2024
SGX:AGS每股收益增長於2024年11月4日

Before buying or selling a stock, we always recommend a close examination of historic growth trends, available here.

在購買或出售股票之前,我們始終建議對歷史增長趨勢進行仔細研究,可以在這裏找到相關信息。

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. We note that for Hour Glass the TSR over the last 5 years was 130%, which is better than the share price return mentioned above. The dividends paid by the company have thusly boosted the total shareholder return.

在考慮投資回報時,重要的是要考慮總股東回報率(TSR)和股價回報之間的差異。TSR是一種回報計算,考慮到現金分紅的價值(假設任何收到的股息都已再投資)以及任何折現的資本籌集和分拆的計算價值。可以說TSR更全面地展現了股票所產生的回報。值得注意的是,Hour Glass過去5年的TSR爲130%,比上面提到的股價回報要好。公司支付的股息因此提升了股東的總回報。

A Different Perspective

不同的觀點

Hour Glass shareholders are down 5.2% for the year (even including dividends), but the market itself is up 16%. Even the share prices of good stocks drop sometimes, but we want to see improvements in the fundamental metrics of a business, before getting too interested. Longer term investors wouldn't be so upset, since they would have made 18%, each year, over five years. 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. 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 Hour Glass .

Hour Glass的股東們今年虧損了5.2%(包括股息),但市場本身上漲了16%。即使優質股票的股價有時也會下跌,但我們希望看到業務的基本指標出現改善後才會產生興趣。長期投資者不會那麼沮喪,因爲他們在過去五年中每年都賺了18%。最近的拋售行爲可能是一個機會,因此值得檢查基本數據是否顯示出長期增長趨勢的跡象。我發現長期來看股價作爲業務表現的替代指標非常有趣。但要真正獲得洞察力,我們需要考慮其他信息。爲此,您應該注意我們發現的Hour Glass存在的1個警告信號。

If you are like me, then you will not want to miss this free list of undervalued small caps that insiders are buying.

如果您像我一樣,就不會希望錯過這份免費的內部人士正在購買的低估小市值股票列表。

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,本文中引用的市場回報反映了當前在新加坡交易所上市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。

譯文內容由第三人軟體翻譯。


以上內容僅用作資訊或教育之目的,不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。
    搶先評論