<p><strong>市中心证券公司</strong> (LON:TOWN) 的股东应该对过去一周股价上涨 11% 感到高兴。但这并没有改变过去五年回报不尽如人意的事实。实际上，股价下跌了 41%，远低于通过购买指数基金所能获得的回报。</p>
<p>虽然过去五年对市中心证券的股东来说非常艰难，但过去一周却显示出一些希望的迹象。那么，让我们看看长期的基本面，看看它们是否是负回报的驱动因素。</p>
<p>查看我们对市中心证券的最新分析</p>
<p>市中心证券目前并未盈利，因此大多数分析师会关注收入增长，以了解基础业务的增长速度。当一家公司没有盈利时，我们通常希望看到良好的收入增长。这是因为快速的收入增长可以很容易地推断出利润，通常是相当可观的。</p>
<p>在过去五年中，市中心证券的收入年均增长率为 0.6%。考虑到它没有盈利，这并不是一个很高的增长率。鉴于这种相对较低的收入增长（以及缺乏利润），在同一时间框架内看到股价下跌 7%（年化）并不特别令人惊讶。关键问题是公司能否顺利实现盈利，并在此基础上继续发展。如果公司无法更快地增长收入，股东将希望公司接近盈利。</p>
<p>您可以在下面的图像中看到收益和收入随时间的变化（点击图表查看确切数值）。</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/876931-earnings-and-revenue-growth-1-dark/1739855160699?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/876931-earnings-and-revenue-growth-1-dark/1739855160699"/></p>
<p>LSE:TOWN 收益和收入增长 2025 年 2 月 18 日</p>
<p>我们认为内部人士在过去一年进行了大量购买是积极的。尽管如此，大多数人认为收益和收入增长趋势是更有意义的商业指导。因此，我们建议查看这份 <strong>免费</strong> 报告，显示共识预测。</p>
<h2>股息情况如何？</h2>
<p>在考虑投资回报时，重要的是要考虑 <em>总股东回报</em> (TSR) 和 <em>股价回报</em> 之间的区别。TSR 包括任何分拆或折扣融资的价值，以及任何股息，假设股息被再投资。可以公平地说，TSR 为支付股息的股票提供了更完整的图景。我们注意到，对于市中心证券来说，过去五年的 TSR 为 -28%，这比上述的股价回报要好。这主要是由于其股息支付！</p>
<h2>不同的视角</h2>
<p>市中心证券在过去十二个月提供了 7.7% 的 TSR。但这个回报低于市场。好的一面是，这仍然是一个收益，当然比过去五年大约 5% 的年损失要好。因此，这可能是业务扭转局面的迹象。虽然考虑市场条件对股价的不同影响是非常值得的，但还有其他因素更为重要。例如风险——市中心证券有 <strong>2 个警告信号</strong>（还有 1 个让我们不太满意的），我们认为您应该了解。</p>
<p>市中心证券并不是唯一一个内部人士在购买的股票。对于那些喜欢寻找 <strong>鲜为人知的公司</strong> 的人来说，这份 <strong>免费</strong> 的近期内部人士购买的成长公司名单，可能正是您所需要的。</p>
<p><em>请注意，本文中引用的市场回报反映了当前在英国交易所交易的股票的市场加权平均回报。</em></p>

TOWN

<p>Town Centre Securities (LON:TOWN) 的股价上周上涨了 11%，但股东在过去五年中仍然下跌了 28%，股价下降了 41%。该公司一直未盈利，年收入增长仅为 0.6%。尽管如此，内部人士进行了大量购买，五年的总股东回报率（TSR）为 -28%，但通过分红有所改善。过去一年的 TSR 为 7.7%，显示出潜在的复苏，但公司面临着两个警告信号带来的风险</p>

<p><strong>Town Centre Securities Plc</strong> (LON:TOWN) shareholders should be happy to see the share price up 11% in the last week. But that doesn't change the fact that the returns over the last five years have been less than pleasing. In fact, the share price is down 41%, which falls well short of the return you could get by buying an index fund.</p>
<div class="lb-trans"><p><strong>市中心证券公司</strong> (LON:TOWN) 的股东应该对过去一周股价上涨 11% 感到高兴。但这并没有改变过去五年回报不尽如人意的事实。实际上，股价下跌了 41%，远低于通过购买指数基金所能获得的回报。</p>
</div><p>While the last five years has been tough for Town Centre Securities shareholders, this past week has shown signs of promise. So let's look at the longer term fundamentals and see if they've been the driver of the negative returns.</p>
<div class="lb-trans"><p>虽然过去五年对市中心证券的股东来说非常艰难，但过去一周却显示出一些希望的迹象。那么，让我们看看长期的基本面，看看它们是否是负回报的驱动因素。</p>
</div><p>See our latest analysis for Town Centre Securities</p>
<div class="lb-trans"><p>查看我们对市中心证券的最新分析</p>
</div><p>Town Centre Securities isn't currently profitable, so most analysts would look to revenue growth to get an idea of how fast the underlying business is growing. When a company doesn't make profits, we'd generally hope to see good revenue growth. That's because fast revenue growth can be easily extrapolated to forecast profits, often of considerable size.</p>
<div class="lb-trans"><p>市中心证券目前并未盈利，因此大多数分析师会关注收入增长，以了解基础业务的增长速度。当一家公司没有盈利时，我们通常希望看到良好的收入增长。这是因为快速的收入增长可以很容易地推断出利润，通常是相当可观的。</p>
</div><p>Over five years, Town Centre Securities grew its revenue at 0.6% per year. That's not a very high growth rate considering it doesn't make profits. Given this fairly low revenue growth (and lack of profits), it's not particularly surprising to see the stock down 7% (annualized) in the same time frame. The key question is whether the company can make it to profitability, and beyond, without trouble. Shareholders will want the company to approach profitability if it can't grow revenue any faster.</p>
<div class="lb-trans"><p>在过去五年中，市中心证券的收入年均增长率为 0.6%。考虑到它没有盈利，这并不是一个很高的增长率。鉴于这种相对较低的收入增长（以及缺乏利润），在同一时间框架内看到股价下跌 7%（年化）并不特别令人惊讶。关键问题是公司能否顺利实现盈利，并在此基础上继续发展。如果公司无法更快地增长收入，股东将希望公司接近盈利。</p>
</div><p>You can see how earnings and revenue have changed over time in the image below (click on the chart to see the exact values).</p>
<div class="lb-trans"><p>您可以在下面的图像中看到收益和收入随时间的变化（点击图表查看确切数值）。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/876931-earnings-and-revenue-growth-1-dark/1739855160699" alt="" original-src="https://images.simplywall.st/asset/chart/876931-earnings-and-revenue-growth-1-dark/1739855160699"/></p>
<p>LSE:TOWN Earnings and Revenue Growth February 18th 2025</p>
<div class="lb-trans"><p>LSE:TOWN 收益和收入增长 2025 年 2 月 18 日</p>
</div><p>We consider it positive that insiders have made significant purchases in the last year. Having said that, most people consider earnings and revenue growth trends to be a more meaningful guide to the business. So we recommend checking out this <strong>free</strong> report showing consensus forecasts</p>
<div class="lb-trans"><p>我们认为内部人士在过去一年进行了大量购买是积极的。尽管如此，大多数人认为收益和收入增长趋势是更有意义的商业指导。因此，我们建议查看这份 <strong>免费</strong> 报告，显示共识预测。</p>
</div><h2>What About Dividends?</h2>
<div class="lb-trans"><h2>股息情况如何？</h2>
</div><p>When looking at investment returns, it is important to consider the difference between <em>total shareholder return</em> (TSR) and <em>share price return</em>. 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 Town Centre Securities the TSR over the last 5 years was -28%, which is better than the share price return mentioned above. This is largely a result of its dividend payments!</p>
<div class="lb-trans"><p>在考虑投资回报时，重要的是要考虑 <em>总股东回报</em> (TSR) 和 <em>股价回报</em> 之间的区别。TSR 包括任何分拆或折扣融资的价值，以及任何股息，假设股息被再投资。可以公平地说，TSR 为支付股息的股票提供了更完整的图景。我们注意到，对于市中心证券来说，过去五年的 TSR 为 -28%，这比上述的股价回报要好。这主要是由于其股息支付！</p>
</div><h2>A Different Perspective</h2>
<div class="lb-trans"><h2>不同的视角</h2>
</div><p>Town Centre Securities provided a TSR of 7.7% over the last twelve months. 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 5% endured over half a decade. So this might be a sign the business has turned its fortunes around. 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 - Town Centre Securities has <strong>2 warning signs</strong> (and 1 which doesn't sit too well with us) we think you should know about.</p>
<div class="lb-trans"><p>市中心证券在过去十二个月提供了 7.7% 的 TSR。但这个回报低于市场。好的一面是，这仍然是一个收益，当然比过去五年大约 5% 的年损失要好。因此，这可能是业务扭转局面的迹象。虽然考虑市场条件对股价的不同影响是非常值得的，但还有其他因素更为重要。例如风险——市中心证券有 <strong>2 个警告信号</strong>（还有 1 个让我们不太满意的），我们认为您应该了解。</p>
</div><p>Town Centre Securities is not the only stock that insiders are buying. For those who like to find <strong>lesser know companies</strong> this <strong>free</strong> list of growing companies with recent insider purchasing, could be just the ticket.</p>
<div class="lb-trans"><p>市中心证券并不是唯一一个内部人士在购买的股票。对于那些喜欢寻找 <strong>鲜为人知的公司</strong> 的人来说，这份 <strong>免费</strong> 的近期内部人士购买的成长公司名单，可能正是您所需要的。</p>
</div><p><em>Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on British exchanges.</em></p>
<div class="lb-trans"><p><em>请注意，本文中引用的市场回报反映了当前在英国交易所交易的股票的市场加权平均回报。</em></p>
</div>

即使在过去一周上涨了 11%，Town Centre Securities（LON:TOWN）的股东在过去五年中仍然亏损了 28%