Gree Real EstateLtd (SHSE:600185) Shareholder Returns Have Been Decent, Earning 86% in 5 Years
Gree Real EstateLtd (SHSE:600185) Shareholder Returns Have Been Decent, Earning 86% in 5 Years
When we invest, we're generally looking for stocks that outperform the market average. And in our experience, buying the right stocks can give your wealth a significant boost. For example, long term Gree Real Estate Co.,Ltd (SHSE:600185) shareholders have enjoyed a 83% share price rise over the last half decade, well in excess of the market return of around 32% (not including dividends). On the other hand, the more recent gains haven't been so impressive, with shareholders gaining just 24%.
当我们投资时，我们通常会寻找表现优于市场平均水平的股票。根据我们的经验，购买合适的股票可以显著增加你的财富。例如，长期格力置业有限公司(上交所：600185)股东在过去五年中股价上涨了83%，远远超过了约32%的市场回报率(不包括股息)。另一方面，最近的涨幅没有那么令人印象深刻，股东的涨幅仅为24%。
Since it's been a strong week for Gree Real EstateLtd shareholders, let's have a look at trend of the longer term fundamentals.
由于本周格力地产股东表现强劲，让我们来看看较长期基本面的走势。
Check out our latest analysis for Gree Real EstateLtd
查看我们对格力房地产有限公司的最新分析
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.
虽然市场是一种强大的定价机制，但股价反映的是投资者情绪，而不仅仅是潜在的企业表现。通过比较每股收益(EPS)和股价随时间的变化，我们可以感受到投资者对一家公司的态度随着时间的推移发生了怎样的变化。
Gree Real EstateLtd's earnings per share are down 63% per year, despite strong share price performance over five years.
格力房地产有限公司的每股收益每年下降63%，尽管过去五年股价表现强劲。
This means it's unlikely the market is judging the company based on earnings growth. Because earnings per share don't seem to match up with the share price, we'll take a look at other metrics instead.
这意味着市场不太可能根据盈利增长来评判该公司。由于每股收益似乎与股价不匹配，我们将转而看看其他指标。
The modest 1.4% dividend yield is unlikely to be propping up the share price. On the other hand, Gree Real EstateLtd's revenue is growing nicely, at a compound rate of 8.2% over the last five years. In that case, the company may be sacrificing current earnings per share to drive growth.
1.4%的适度股息收益率不太可能支撑股价。另一方面，格力房地产有限公司的收入增长良好，过去五年的复合增长率为8.2%。在这种情况下，该公司可能是在牺牲当前的每股收益来推动增长。
The graphic below depicts how earnings and revenue have changed over time (unveil the exact values by clicking on the image).
下图描述了收益和收入随时间的变化(通过单击图像来揭示确切的价值)。
If you are thinking of buying or selling Gree Real EstateLtd stock, you should check out this FREE detailed report on its balance sheet.
如果你正在考虑购买或出售格力房地产有限公司的股票，你应该看看这个免费关于其资产负债表的详细报告。
What About Dividends?
那股息呢？
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. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. We note that for Gree Real EstateLtd the TSR over the last 5 years was 86%, which is better than the share price return mentioned above. The dividends paid by the company have thusly boosted the total shareholder return.
重要的是要考虑任何给定股票的总股东回报以及股价回报。TSR包括任何剥离或贴现融资的价值，以及任何股息，基于股息再投资的假设。公平地说，TSR为支付股息的股票提供了更完整的图景。我们注意到，格力置业有限公司过去5年的总回报率为86%，好于上述股价回报率。该公司支付的股息因此提振了总计股东回报。
A Different Perspective
不同的视角
It's nice to see that Gree Real EstateLtd shareholders have received a total shareholder return of 24% over the last year. And that does include the dividend. That's better than the annualised return of 13% over half a decade, implying that the company is doing better recently. 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. Consider for instance, the ever-present spectre of investment risk. We've identified 3 warning signs with Gree Real EstateLtd (at least 1 which can't be ignored) , and understanding them should be part of your investment process.
很高兴看到格力房地产有限公司的股东在过去一年中获得了24%的总股东回报。这确实包括了股息。这比过去五年13%的年化回报率要好，这意味着该公司最近的表现更好。在最好的情况下，这可能暗示着一些真正的商业势头，意味着现在可能是深入研究的好时机。我发现，把股价作为衡量企业业绩的长期指标是非常有趣的。但为了真正获得洞察力，我们还需要考虑其他信息。例如，考虑一下无处不在的投资风险幽灵。我们已经确定了三个警告信号与格力房地产有限公司(至少1个不容忽视)合作，了解它们应该是你投资过程的一部分。
If you like to buy stocks alongside management, then you might just love this free list of companies. (Hint: insiders have been buying them).
如果你喜欢和管理层一起买股票，那么你可能会喜欢这本书免费公司名单。(提示：内部人士一直在买入这些股票)。
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on Chinese exchanges.
请注意，本文引用的市场回报反映了目前在中国交易所交易的股票的市场加权平均回报。
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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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本文由Simply Wall St.撰写，具有概括性。我们仅使用不偏不倚的方法提供基于历史数据和分析师预测的评论，我们的文章并不打算作为财务建议。它不构成买卖任何股票的建议，也没有考虑你的目标或你的财务状况。我们的目标是为您带来由基本面数据驱动的长期重点分析。请注意，我们的分析可能不会将最新的对价格敏感的公司公告或定性材料考虑在内。Simply Wall St.对上述任何一只股票都没有持仓。