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SATS (SGX:S58) Shareholders Have Endured a 47% Loss From Investing in the Stock Five Years Ago

SATS (SGX:S58) Shareholders Have Endured a 47% Loss From Investing in the Stock Five Years Ago

五年前,SATS(新加坡证券交易所股票代码:S58)的股东因投资该股而遭受了47%的损失
Simply Wall St ·  04/08 22:00

For many, the main point of investing is to generate higher returns than the overall market. But even the best stock picker will only win with some selections. So we wouldn't blame long term SATS Ltd. (SGX:S58) shareholders for doubting their decision to hold, with the stock down 52% over a half decade. The falls have accelerated recently, with the share price down 10% in the last three months.

对于许多人来说,投资的主要目的是产生比整个市场更高的回报。但是,即使是最好的选股者也只能通过以下方式获胜 一些 选择。因此,我们不会责怪SATS Ltd.(新加坡证券交易所股票代码:S58)的长期股东怀疑他们的持股决定,该股在五年内下跌了52%。最近跌势加速,股价在过去三个月中下跌了10%。

It's worthwhile assessing if the company's economics have been moving in lockstep with these underwhelming shareholder returns, or if there is some disparity between the two. So let's do just that.

值得评估的是,该公司的经济状况是否与这些令人难以置信的股东回报步调一致,或者两者之间是否存在一些差距。所以我们就这么做吧。

We don't think that SATS' modest trailing twelve month profit has the market's full attention at the moment. We think revenue is probably a better guide. Generally speaking, we'd consider a stock like this alongside loss-making companies, simply because the quantum of the profit is so low. For shareholders to have confidence a company will grow profits significantly, it must grow revenue.

我们认为,SATS过去十二个月的微薄利润目前并未引起市场的充分关注。我们认为收入可能是更好的指导。总的来说,我们会将这样的股票与亏损公司一起考虑,这仅仅是因为利润量太低了。要使股东有信心公司大幅增加利润,就必须增加收入。

Over five years, SATS grew its revenue at 11% per year. That's a fairly respectable growth rate. The share price return isn't so respectable with an annual loss of 9% over the period. It seems probably that the business has failed to live up to initial expectations. A pessimistic market can create opportunities.

在过去的五年中,SATS的收入以每年11%的速度增长。这是一个相当可观的增长率。股价回报率并不那么可观,在此期间的年度亏损为9%。看来该业务可能未能达到最初的预期。悲观的市场可以创造机会。

You can see how earnings and revenue have changed over time in the image below (click on the chart to see the exact values).

您可以在下图中看到收入和收入随时间推移而发生的变化(点击图表查看确切值)。

earnings-and-revenue-growth
SGX:S58 Earnings and Revenue Growth April 9th 2024
新加坡证券交易所:S58 收益和收入增长 2024 年 4 月 9 日

It is of course excellent to see how SATS has grown profits over the years, but the future is more important for shareholders. Take a more thorough look at SATS' financial health with this free report on its balance sheet.

看到SATS多年来如何增加利润当然是件好事,但未来对股东来说更为重要。通过这份免费的资产负债表报告,更全面地了解SATS的财务状况。

What About The Total Shareholder Return (TSR)?

那么股东总回报(TSR)呢?

We've already covered SATS' share price action, but we should also mention its total shareholder return (TSR). The TSR attempts to capture the value of dividends (as if they were reinvested) as well as any spin-offs or discounted capital raisings offered to shareholders. SATS' TSR of was a loss of 47% for the 5 years. That wasn't as bad as its share price return, because it has paid dividends.

我们已经报道了SATS的股价走势,但我们还应该提及其股东总回报率(TSR)。股东总回报率试图捕捉股息(就好像它们被再投资一样)以及向股东提供的任何分拆或折扣资本筹集的价值。在过去的5年中,SATS的股东总回报率下降了47%。这还不如其股价回报率那么糟糕,因为它已经支付了股息。

A Different Perspective

不同的视角

We regret to report that SATS shareholders are down 8.6% for the year. Unfortunately, that's worse than the broader market decline of 0.8%. Having said that, it's inevitable that some stocks will be oversold in a falling market. The key is to keep your eyes on the fundamental developments. Unfortunately, longer term shareholders are suffering worse, given the loss of 8% doled out over the last five years. We would want clear information suggesting the company will grow, before taking the view that the share price will stabilize. 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. Take risks, for example - SATS has 2 warning signs (and 1 which shouldn't be ignored) we think you should know about.

我们遗憾地报告,SATS的股东今年下跌了8.6%。不幸的是,这比整个市场0.8%的跌幅还要严重。话虽如此,在下跌的市场中,一些股票不可避免地会被超卖。关键是要密切关注基本发展。不幸的是,鉴于过去五年中损失了8%,长期股东遭受的损失更加严重。在认为股价将稳定之前,我们希望获得明确的信息,表明该公司将增长。尽管市场状况可能对股价产生的不同影响值得考虑,但还有其他因素更为重要。例如,冒险吧——SATS有两个警告信号(其中一个不容忽视),我们认为你应该知道。

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

如果你像我一样,那么你不会想错过这份业内人士正在收购的成长型公司的免费名单。

Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on Singaporean exchanges.

请注意,本文引用的市场回报反映了目前在新加坡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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Simply Wall St的这篇文章本质上是笼统的。我们仅使用公正的方法根据历史数据和分析师的预测提供评论,我们的文章无意作为财务建议。它不构成买入或卖出任何股票的建议,也没有考虑到您的目标或财务状况。我们的目标是为您提供由基本数据驱动的长期重点分析。请注意,我们的分析可能不考虑最新的价格敏感型公司公告或定性材料。简而言之,华尔街没有持有任何上述股票的头寸。

声明:本内容仅用作提供资讯及教育之目的,不构成对任何特定投资或投资策略的推荐或认可。 更多信息
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