share_log

The Past Three Years for Huntsman (NYSE:HUN) Investors Has Not Been Profitable

The Past Three Years for Huntsman (NYSE:HUN) Investors Has Not Been Profitable

過去三年對於亨斯邁(紐交所:HUN)投資者來說並沒有盈利
Simply Wall St ·  12/04 18:56

For many investors, the main point of stock picking is to generate higher returns than the overall market. But in any portfolio, there are likely to be some stocks that fall short of that benchmark. We regret to report that long term Huntsman Corporation (NYSE:HUN) shareholders have had that experience, with the share price dropping 40% in three years, versus a market return of about 26%.

對於許多投資者來說,股票挑選的主要目的是比整體市場獲得更高的回報。但在任何投資組合中,很可能會有一些股票無法達到這一基準。我們很遺憾地報告說,長揸Huntsman Corporation(紐約證券交易所:HUN)的股東們經歷了這種經歷,股價在三年內下跌了40%,而市場回報率約爲26%。

So let's have a look and see if the longer term performance of the company has been in line with the underlying business' progress.

那麼我們來看看這家公司的長期表現是否符合其業務進展情況。

Huntsman wasn't profitable in the last twelve months, it is unlikely we'll see a strong correlation between its share price and its earnings per share (EPS). Arguably revenue is our next best option. Generally speaking, companies without profits are expected to grow revenue every year, and at a good clip. As you can imagine, fast revenue growth, when maintained, often leads to fast profit growth.

在過去的十二個月中,Huntsman沒有盈利,我們不太可能看到其股價與每股收益(EPS)之間存在強烈相關性。可以說,營業收入是我們的下一個最佳選擇。一般來說,未盈利的公司預計每年都會實現營業收入增長,並且速度相當快。正如你可以想象的,快速的營收增長如果保持不變,通常會導致快速的利潤增長。

In the last three years Huntsman saw its revenue shrink by 11% per year. That is not a good result. The stock has disappointed holders over the last three years, falling 12%, annualized. And with no profits, and weak revenue, are you surprised? However, in this kind of situation you can sometimes find opportunity, where sentiment is negative but the company is actually making good progress.

在過去三年中,Huntsman的營業收入每年減少了11%。這並不是一個好的結果。該股票在過去三年內令持有者失望,年化下跌了12%。並且沒有利潤,營收疲弱,這讓你感到驚訝嗎?然而,在這種情況下,有時候會發現機會,即情緒是負面的,但公司實際上正在取得良好進展。

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)。

big
NYSE:HUN Earnings and Revenue Growth December 4th 2024
紐約證券交易所:HUN 2024年12月4日盈利和營業收入增長

Huntsman is a well known stock, with plenty of analyst coverage, suggesting some visibility into future growth. So it makes a lot of sense to check out what analysts think Huntsman will earn in the future (free analyst consensus estimates)

康姆是一家知名股票,有很多分析師對其進行覆蓋,暗示對未來增長有一定的可見度。因此,查看分析師對康姆未來收益的預期(免費分析師一致預測)是非常有意義的。

What About Dividends?

關於分紅派息的問題

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. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. We note that for Huntsman the TSR over the last 3 years was -33%, which is better than the share price return mentioned above. The dividends paid by the company have thusly boosted the total shareholder return.

考慮總股東回報以及股價回報對於任何特定股票都是很重要的。TSR包括任何拆分股息或折價增資的價值,以及任何基於股息會被再投資的假設進行計算。因此,對於支付豐厚股息的公司,TSR往往比股價回報高得多。我們注意到,過去3年康姆的TSR爲-33%,比上述股價回報要好。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

While the broader market gained around 34% in the last year, Huntsman shareholders lost 17% (even including dividends). 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 0.3%, 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. While it is well worth considering the different impacts that market conditions can have on the share price, there are other factors that are even more important. Even so, be aware that Huntsman is showing 3 warning signs in our investment analysis , and 2 of those are a bit concerning...

雖然整體市場在過去一年增長了約34%,康姆股東卻虧損了17%(包括股息在內)。即使是好股票的股價有時也會下跌,但我們希望看到企業基本業務指標的改善,才會對此產生興趣。長期投資者可能不會那麼沮喪,因爲他們每年可以獲得0.3%的回報,過去五年中已經實現了這一點。最近的大規模拋售可能是一個機會,因此值得檢查基本數據,看是否存在長期增長趨勢的跡象。儘管考慮市場條件對股價的影響是非常值得的,但有一些其他更重要的因素。然而,需要注意的是,我們的投資分析顯示康姆出現了3個預警信號,其中有2個有點令人擔憂...

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。

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。


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