<p>从统计学的角度来看，长期投资是一项盈利的事业。但没有人能免于高位买入。例如，在漫长的五年后，<strong>Lendlease Group</strong>（ASX:LLC）的股价下降了整整 57%。这至少可以说是极其不理想的。</p>
<p>在过去一周损失了 3.6% 后，值得调查公司的基本面，以了解我们可以从过去的表现中推断出什么。</p>
<p>我们发现 21 只美国股票预计明年将支付超过 6% 的股息收益率。查看完整列表，免费获取。</p>
<p>虽然市场是一个强大的定价机制，但股价反映的是投资者情绪，而不仅仅是基础业务表现。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公司的态度是如何随着时间而变化的。</p>
<p>Lendlease Group 在过去五年内实现了盈利。这通常被视为一个积极的信号，因此我们对股价下跌感到惊讶。其他指标可能会让我们更好地了解其价值随时间的变化。</p>
<p>最近的股息实际上低于过去的水平，这可能导致股价下跌。约 2.9% 的收入下降也不会对股价产生帮助。因此，似乎疲弱的收入和股息趋势可能影响了股价。</p>
<p>公司的收入和盈利（随时间变化）在下图中展示（点击查看具体数字）。</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/722005-earnings-and-revenue-growth-1-dark-2/1761943343470?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/722005-earnings-and-revenue-growth-1-dark-2/1761943343470"/></p>
<p>ASX:LLC 收益和收入增长 2025 年 10 月 31 日</p>
<p>我们喜欢内部人士在过去十二个月内购买股票。话虽如此，大多数人认为盈利和收入增长趋势是对业务更有意义的指导。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>除了衡量股价回报外，投资者还应考虑总股东回报（TSR）。股价回报仅反映股价的变化，而 TSR 则包括股息的价值（假设它们被再投资）以及任何折扣资本筹集或分拆的收益。可以公平地说，TSR 为支付股息的股票提供了更全面的图景。在 Lendlease Group 的情况下，过去五年的 TSR 为-52%。这超过了我们之前提到的股价回报。这主要是由于其股息支付！</p>
<h2>不同的视角</h2>
<p>Lendlease Group 的股东今年下跌了 14%（即使包括股息），但市场本身上涨了 13%。即使是优质股票的股价有时也会下跌，但我们希望在对业务产生浓厚兴趣之前，看到基本指标的改善。不幸的是，去年的表现可能表明尚未解决的挑战，因为它比过去五年年化损失 9% 还要糟糕。一般来说，长期股价疲软可能是一个坏兆头，尽管逆向投资者可能希望研究该股票以期反弹。虽然考虑市场条件对股价的不同影响是非常值得的，但还有其他更重要的因素。例如风险。每家公司都有风险，我们发现了 <strong>Lendlease Group 的 3 个警告信号</strong>（其中 1 个让我们感到不安！）你应该了解。</p>
<p>Lendlease Group 并不是内部人士唯一购买的股票。因此，看看这份 <strong>免费</strong> 的小型公司名单，这些公司在吸引人的估值下被内部人士购买。</p>
<p><em>请注意，本文中引用的市场回报反映了目前在澳大利亚交易所交易的股票的市场加权平均回报。</em></p>

<p>Lendlease Group（ASX:LLC）在过去五年中股价下跌了 57%，上周下跌了 3.6%，导致总股东回报率（TSR）为-52%。尽管在过去五年中实现了盈利，但疲软的收入趋势和最近降低的股息对股票产生了负面影响。今年股东损失了 14%，与市场上涨 13% 形成对比。建议投资者在做出决策之前考虑公司的基本面和潜在风险</p>

<p>Statistically speaking, long term investing is a profitable endeavour. But no-one is immune from buying too high. For example, after five long years the <strong>Lendlease Group</strong> (ASX:LLC) share price is a whole 57% lower. That is extremely sub-optimal, to say the least.</p>
<div class="lb-trans"><p>从统计学的角度来看，长期投资是一项盈利的事业。但没有人能免于高位买入。例如，在漫长的五年后，<strong>Lendlease Group</strong>（ASX:LLC）的股价下降了整整 57%。这至少可以说是极其不理想的。</p>
</div><p>After losing 3.6% this past week, it's worth investigating the company's fundamentals to see what we can infer from past performance.</p>
<div class="lb-trans"><p>在过去一周损失了 3.6% 后，值得调查公司的基本面，以了解我们可以从过去的表现中推断出什么。</p>
</div><p>We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free.</p>
<div class="lb-trans"><p>我们发现 21 只美国股票预计明年将支付超过 6% 的股息收益率。查看完整列表，免费获取。</p>
</div><p>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.</p>
<div class="lb-trans"><p>虽然市场是一个强大的定价机制，但股价反映的是投资者情绪，而不仅仅是基础业务表现。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公司的态度是如何随着时间而变化的。</p>
</div><p>Lendlease Group became profitable within the last five years. That would generally be considered a positive, so we are surprised to see the share price is down. Other metrics might give us a better handle on how its value is changing over time.</p>
<div class="lb-trans"><p>Lendlease Group 在过去五年内实现了盈利。这通常被视为一个积极的信号，因此我们对股价下跌感到惊讶。其他指标可能会让我们更好地了解其价值随时间的变化。</p>
</div><p>The most recent dividend was actually lower than it was in the past, so that may have sent the share price lower. The revenue decline of around 2.9% would not have helped the stock price. So it seems weak revenue and dividend trends may have influenced the share price.</p>
<div class="lb-trans"><p>最近的股息实际上低于过去的水平，这可能导致股价下跌。约 2.9% 的收入下降也不会对股价产生帮助。因此，似乎疲弱的收入和股息趋势可能影响了股价。</p>
</div><p>The company's revenue and earnings (over time) are depicted in the image below (click to see the exact numbers).</p>
<div class="lb-trans"><p>公司的收入和盈利（随时间变化）在下图中展示（点击查看具体数字）。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/722005-earnings-and-revenue-growth-1-dark-2/1761943343470" alt="" original-src="https://images.simplywall.st/asset/chart/722005-earnings-and-revenue-growth-1-dark-2/1761943343470"/></p>
<p>ASX:LLC Earnings and Revenue Growth October 31st 2025</p>
<div class="lb-trans"><p>ASX:LLC 收益和收入增长 2025 年 10 月 31 日</p>
</div><p>We like that insiders have been buying shares in the last twelve months. 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>我们喜欢内部人士在过去十二个月内购买股票。话虽如此，大多数人认为盈利和收入增长趋势是对业务更有意义的指导。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>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. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. In the case of Lendlease Group, it has a TSR of -52% for the last 5 years. That exceeds its share price return that we previously mentioned. This is largely a result of its dividend payments!</p>
<div class="lb-trans"><p>除了衡量股价回报外，投资者还应考虑总股东回报（TSR）。股价回报仅反映股价的变化，而 TSR 则包括股息的价值（假设它们被再投资）以及任何折扣资本筹集或分拆的收益。可以公平地说，TSR 为支付股息的股票提供了更全面的图景。在 Lendlease Group 的情况下，过去五年的 TSR 为-52%。这超过了我们之前提到的股价回报。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>Lendlease Group shareholders are down 14% for the year (even including dividends), but the market itself is up 13%. 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. Unfortunately, last year's performance may indicate unresolved challenges, given that it was worse than the annualised loss of 9% over the last half decade. Generally speaking long term share price weakness can be a bad sign, though contrarian investors might want to research the stock in hope of a turnaround. 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. Like risks, for instance. Every company has them, and we've spotted <strong>3 warning signs for Lendlease Group</strong> (of which 1 doesn't sit too well with us!) you should know about.</p>
<div class="lb-trans"><p>Lendlease Group 的股东今年下跌了 14%（即使包括股息），但市场本身上涨了 13%。即使是优质股票的股价有时也会下跌，但我们希望在对业务产生浓厚兴趣之前，看到基本指标的改善。不幸的是，去年的表现可能表明尚未解决的挑战，因为它比过去五年年化损失 9% 还要糟糕。一般来说，长期股价疲软可能是一个坏兆头，尽管逆向投资者可能希望研究该股票以期反弹。虽然考虑市场条件对股价的不同影响是非常值得的，但还有其他更重要的因素。例如风险。每家公司都有风险，我们发现了 <strong>Lendlease Group 的 3 个警告信号</strong>（其中 1 个让我们感到不安！）你应该了解。</p>
</div><p>Lendlease Group is not the only stock insiders are buying. So take a peek at this <strong>free</strong> list of small cap companies at attractive valuations which insiders have been buying.</p>
<div class="lb-trans"><p>Lendlease Group 并不是内部人士唯一购买的股票。因此，看看这份 <strong>免费</strong> 的小型公司名单，这些公司在吸引人的估值下被内部人士购买。</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 Australian 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目前在澳大利亚交易所交易的股票的市场加权平均回报。</em></p>
</div>

Lendlease 集团（ASX:LLC）的投资者在过去五年中的损失增至 52%，因为该股票在过去一周内市值缩水了 1.43 亿澳元