<p>從統計學的角度來看，長期投資是一項盈利的事業。但沒有人能免於高位買入。例如，在漫長的五年後，<strong>Lendlease Group</strong>（ASX:LLC）的股價下降了整整 57%。這至少可以説是極其不理想的。</p>
<p>在過去一週損失了 3.6% 後，值得調查公司的基本面，以瞭解我們可以從過去的表現中推斷出什麼。</p>
<p>我們發現 21 只美國股票預計明年將支付超過 6% 的股息收益率。查看完整列表，免費獲取。</p>
<p>雖然市場是一個強大的定價機制，但股價反映的是投資者情緒，而不僅僅是基礎業務表現。通過比較每股收益（EPS）和股價隨時間的變化，我們可以感受到投資者對公司的態度是如何隨着時間而變化的。</p>
<p>Lendlease Group 在過去五年內實現了盈利。這通常被視為一個積極的信號，因此我們對股價下跌感到驚訝。其他指標可能會讓我們更好地瞭解其價值隨時間的變化。</p>
<p>最近的股息實際上低於過去的水平，這可能導致股價下跌。約 2.9% 的收入下降也不會對股價產生幫助。因此，似乎疲弱的收入和股息趨勢可能影響了股價。</p>
<p>公司的收入和盈利（隨時間變化）在下圖中展示（點擊查看具體數字）。</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 收益和收入增長 2025 年 10 月 31 日</p>
<p>我們喜歡內部人士在過去十二個月內購買股票。話雖如此，大多數人認為盈利和收入增長趨勢是對業務更有意義的指導。因此，我們建議查看這份 <strong>免費</strong> 報告，顯示共識預測。</p>
<h2>股息情況如何？</h2>
<p>除了衡量股價回報外，投資者還應考慮總股東回報（TSR）。股價回報僅反映股價的變化，而 TSR 則包括股息的價值（假設它們被再投資）以及任何折扣資本籌集或分拆的收益。可以公平地説，TSR 為支付股息的股票提供了更全面的圖景。在 Lendlease Group 的情況下，過去五年的 TSR 為-52%。這超過了我們之前提到的股價回報。這主要是由於其股息支付！</p>
<h2>不同的視角</h2>
<p>Lendlease Group 的股東今年下跌了 14%（即使包括股息），但市場本身上漲了 13%。即使是優質股票的股價有時也會下跌，但我們希望在對業務產生濃厚興趣之前，看到基本指標的改善。不幸的是，去年的表現可能表明尚未解決的挑戰，因為它比過去五年年化損失 9% 還要糟糕。一般來説，長期股價疲軟可能是一個壞兆頭，儘管逆向投資者可能希望研究該股票以期反彈。雖然考慮市場條件對股價的不同影響是非常值得的，但還有其他更重要的因素。例如風險。每家公司都有風險，我們發現了 <strong>Lendlease Group 的 3 個警告信號</strong>（其中 1 個讓我們感到不安！）你應該瞭解。</p>
<p>Lendlease Group 並不是內部人士唯一購買的股票。因此，看看這份 <strong>免費</strong> 的小型公司名單，這些公司在吸引人的估值下被內部人士購買。</p>
<p><em>請注意，本文中引用的市場回報反映了目前在澳大利亞交易所交易的股票的市場加權平均回報。</em></p>

<p>Lendlease Group（ASX:LLC）在過去五年中股價下跌了 57%，上週下跌了 3.6%，導致總股東回報率（TSR）為-52%。儘管在過去五年中實現了盈利，但疲軟的收入趨勢和最近降低的股息對股票產生了負面影響。今年股東損失了 14%，與市場上漲 13% 形成對比。建議投資者在做出決策之前考慮公司的基本面和潛在風險</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>從統計學的角度來看，長期投資是一項盈利的事業。但沒有人能免於高位買入。例如，在漫長的五年後，<strong>Lendlease Group</strong>（ASX:LLC）的股價下降了整整 57%。這至少可以説是極其不理想的。</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>在過去一週損失了 3.6% 後，值得調查公司的基本面，以瞭解我們可以從過去的表現中推斷出什麼。</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>我們發現 21 只美國股票預計明年將支付超過 6% 的股息收益率。查看完整列表，免費獲取。</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>雖然市場是一個強大的定價機制，但股價反映的是投資者情緒，而不僅僅是基礎業務表現。通過比較每股收益（EPS）和股價隨時間的變化，我們可以感受到投資者對公司的態度是如何隨着時間而變化的。</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 在過去五年內實現了盈利。這通常被視為一個積極的信號，因此我們對股價下跌感到驚訝。其他指標可能會讓我們更好地瞭解其價值隨時間的變化。</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>最近的股息實際上低於過去的水平，這可能導致股價下跌。約 2.9% 的收入下降也不會對股價產生幫助。因此，似乎疲弱的收入和股息趨勢可能影響了股價。</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（隨時間變化）在下圖中展示（點擊查看具體數字）。</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 收益和收入增長 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>我們喜歡內部人士在過去十二個月內購買股票。話雖如此，大多數人認為盈利和收入增長趨勢是對業務更有意義的指導。因此，我們建議查看這份 <strong>免費</strong> 報告，顯示共識預測。</p>
</div><h2>What About Dividends?</h2>
<div class="lb-trans"><h2>股息情況如何？</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>除了衡量股價回報外，投資者還應考慮總股東回報（TSR）。股價回報僅反映股價的變化，而 TSR 則包括股息的價值（假設它們被再投資）以及任何折扣資本籌集或分拆的收益。可以公平地説，TSR 為支付股息的股票提供了更全面的圖景。在 Lendlease Group 的情況下，過去五年的 TSR 為-52%。這超過了我們之前提到的股價回報。這主要是由於其股息支付！</p>
</div><h2>A Different Perspective</h2>
<div class="lb-trans"><h2>不同的視角</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 的股東今年下跌了 14%（即使包括股息），但市場本身上漲了 13%。即使是優質股票的股價有時也會下跌，但我們希望在對業務產生濃厚興趣之前，看到基本指標的改善。不幸的是，去年的表現可能表明尚未解決的挑戰，因為它比過去五年年化損失 9% 還要糟糕。一般來説，長期股價疲軟可能是一個壞兆頭，儘管逆向投資者可能希望研究該股票以期反彈。雖然考慮市場條件對股價的不同影響是非常值得的，但還有其他更重要的因素。例如風險。每家公司都有風險，我們發現了 <strong>Lendlease Group 的 3 個警告信號</strong>（其中 1 個讓我們感到不安！）你應該瞭解。</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 並不是內部人士唯一購買的股票。因此，看看這份 <strong>免費</strong> 的小型公司名單，這些公司在吸引人的估值下被內部人士購買。</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>請注意，本文中引用的市場回報反映了目前在澳大利亞交易所交易的股票的市場加權平均回報。</em></p>
</div>

Lendlease 集團（ASX:LLC）的投資者在過去五年中的損失增至 52%，因為該股票在過去一週內市值縮水了 1.43 億澳元