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.
紐交所紐約勞休斯控股股東應該很高興看到股價在上個季度上漲了22%。但如果你看過去五年,回報並不好。畢竟,在此期間股價下跌了26%,明顯表現不佳。
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,該公司在過去7天內將市值增加了28000萬美元,讓我們看看是什麼導致了股東五年的虧損。
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.
霍華德休斯控股目前還沒有盈利,因此大多數分析師會關注營業收入增長來了解基礎業務增長速度。一般來說,沒有盈利的公司預計每年都能實現營業收入增長,並且速度較快。有些公司願意推遲盈利以更快增長營業收入,但在這種情況下,人們希望有良好的營收增長來彌補缺乏盈利。
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.
在過去五年中,霍華德休斯控股將其營業收入每年增長4.5%。考慮到它並沒有盈利,這並不是一個很高的增長率。鑑於增長乏力,股價下跌5%並不特別令人驚訝。投資者應該考慮虧損有多嚴重,以及公司是否能輕鬆實現盈利。股東希望該公司能夠接近盈利,如果無法加快營業收入增長的話。
The image below shows how earnings and revenue have tracked over time (if you click on the image you can see greater detail).
以下圖片顯示了收益和營收隨時間的變化(如果你點擊圖片,可以看到更詳細的信息)。
If you are thinking of buying or selling Howard Hughes Holdings stock, you should check out this FREE detailed report on its balance sheet.
如果您考慮買入或賣出霍華德·休斯控股股票,您應該查看這份關於其資產負債表的免費詳細報告。
What About Dividends?
關於分紅派息的問題
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.
除了衡量股價回報之外,投資者還應該考慮總股東回報率(TSR)。股價回報僅反映了股價的變化,而TSR包括了分紅(假設已重新投資)的價值以及任何折價的資本籌集或拆股的益處。可以說,TSR提供了股票帶來的回報的更全面圖片。我們注意到,對於霍華德·休斯控股而言,過去5年的TSR爲-22%,這比上述的股價回報要好。公司支付的股息因此提升了總股東回報。
A Different Perspective
另一種看法
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·休斯控股股東在該年實現了17%的總回報。但這個回報低於市場水平。但好消息是,這仍然是一筆盈利,當然也比半個世紀內經受的約4%年度虧損要好。因此,這可能是業務好轉的跡象。長期追蹤股價表現總是很有趣。但要更好地了解霍華德·休斯控股,我們需要考慮許多其他因素。例如,承擔風險 - 我們認爲霍華德·休斯控股存在1個警告信號,您應該注意。
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(具有潛在的更好財務狀況),請不要錯過這個免費的公司列表,證明它們可以增長收益。
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.
對這篇文章有反饋嗎?對內容感到擔憂嗎?請直接與我們聯繫。或者,發送電子郵件至editorial-team @ simplywallst.com。
Simply Wall St的這篇文章是一般性質的。我們僅基於歷史數據和分析師預測提供評論,使用公正的方法,我們的文章並非意在提供財務建議。這並不構成買入或賣出任何股票的建議,並且不考慮您的目標或財務狀況。我們旨在爲您帶來基於基礎數據驅動的長期聚焦分析。請注意,我們的分析可能未考慮最新的價格敏感公司公告或定性材料。Simply Wall St對提及的任何股票都沒有持倉。
譯文內容由第三人軟體翻譯。