While Shareholders of REV Group (NYSE:REVG) Are in the Black Over 3 Years, Those Who Bought a Week Ago Aren't so Fortunate
While Shareholders of REV Group (NYSE:REVG) Are in the Black Over 3 Years, Those Who Bought a Week Ago Aren't so Fortunate
By buying an index fund, investors can approximate the average market return. But if you buy good businesses at attractive prices, your portfolio returns could exceed the average market return. Just take a look at REV Group, Inc. (NYSE:REVG), which is up 89%, over three years, soundly beating the market return of 59% (not including dividends).
通過購買指數基金，投資者可以估算平均市場回報。但是，如果您以誘人的價格購買優秀的企業，則您的投資組合回報可能會超過平均市場回報。只是看看 REV 集團股份有限公司 紐約證交所代碼：REVG）在三年內上升了 89%，超過了 59%（不包括股息）的市場回報率。
While the stock has fallen 7.5% this week, it's worth focusing on the longer term and seeing if the stocks historical returns have been driven by the underlying fundamentals.
雖然股票本周下跌了 7.5％，但值得關注長期，看看股票的歷史回報是否由基礎基本面驅動。
See our latest analysis for REV Group
查看我們對 REV 集團的最新分析
In his essay The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not always rationally reflect the value of a business. One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price.
在他的文章 格拉罕和多德斯维尔的超级投资者 沃倫·巴菲特描述了如何股價並不總是合理地反映一個企業的價值。評估公司周圍情緒如何變化的一個有缺陷但合理的方法是將每股盈利（EPS）與股價進行比較。
REV Group became profitable within the last three years. So we would expect a higher share price over the period.
REV 集團在過去三年內盈利。因此，我們預計在此期間股價會有較高的價格。
The graphic below depicts how EPS has changed over time (unveil the exact values by clicking on the image).
下圖說明 EPS 隨時間變化的方式 (按一下影像即可顯示確切值)。
We're pleased to report that the CEO is remunerated more modestly than most CEOs at similarly capitalized companies. But while CEO remuneration is always worth checking, the really important question is whether the company can grow earnings going forward. Dive deeper into the earnings by checking this interactive graph of REV Group's earnings, revenue and cash flow.
我們很高興地報告，CEO 的報酬比大多數資本公司的首席執行官更溫和。但是，儘管 CEO 的薪酬總是值得檢查，但真正重要的問題是公司是否可以增長盈利向前。通過查看 REV 集團的收益，收入和現金流的交互式圖表，更深入地了解盈利。
What About Dividends?
股息呢？
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. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. We note that for REV Group the TSR over the last 3 years was 96%, which is better than the share price return mentioned above. This is largely a result of its dividend payments!
除了衡量股價回報外，投資者還應考慮股東總回報（TSR）。股價回報僅反映了股價的變化，但 TSR 包括股息的價值（假設股息已經再投資）以及任何折扣資本集資或分拆的利益。可以說，TSR 可以更全面地了解股票產生的回報。我們注意到 REV 集團在過去 3 年的 TSR 為 96%，這比上述股價回報要好。這在很大程度上是其股息支付的結果！
A Different Perspective
不同的角度
REV Group shareholders are down 13% over twelve months (even including dividends), which isn't far from the market return of -12%. Unfortunately, last year's performance is a deterioration of an already poor long term track record, given the loss of 7% per year over the last five years. It will probably take a substantial improvement in the fundamental performance for the company to reverse this trend. 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 - REV Group has 4 warning signs (and 1 which doesn't sit too well with us) we think you should know about.
REV 集團股東在 12 個月內下降了 13％（甚至包括股息），這與 -12％ 的市場回報率不遠。不幸的是，由於過去五年每年損失了 7％，因此去年的業績表現已經不佳的長期業績下降。要扭轉這一趨勢，公司的基本表現可能需要大幅改善。儘管值得考慮市場狀況對股價可能產生的不同影響，但還有其他因素更為重要。冒險，例如-REV 集團 4 警告標誌 （和 1 與我們坐得不太好），我們認為您應該了解。
If you are like me, then you will not want to miss this free list of growing companies that insiders are buying.
如果你像我一樣，那你就會 不 想錯過這個 自由 內部人士正在購買的成長公司名單。
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on American exchanges.
請注意，本文引用的市場回報反映了當前在美國交易所交易的股票的市場加權平均回報率。
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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.
對這篇文章有反饋嗎？關注內容？ 取得聯繫 直接與我們聯繫。 或者，通過電子郵件發送電子郵件給編輯團隊。
這篇文章由簡單牆聖是一般性質. 我們僅使用公正的方法，根據歷史數據和分析師預測提供評論，我們的文章並不打算作為財務建議。 它並不構成購買或出售任何股票的建議，也不會考慮您的目標或您的財務狀況。我們的目標是為您帶來由基本數據驅動的長期集中分析。請注意，我們的分析可能不會考慮最新的價格敏感公司公告或定性材料。簡易華街在提及的任何股票中都沒有倉位。
譯文內容由第三人軟體翻譯。