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Investing in Belden (NYSE:BDC) Three Years Ago Would Have Delivered You a 95% Gain

Investing in Belden (NYSE:BDC) Three Years Ago Would Have Delivered You a 95% Gain

三年前投資百通企業(紐交所:BDC)將爲您帶來95%的收益。
Simply Wall St ·  06/14 22:41

One simple way to benefit from the stock market is to buy an index fund. But if you pick the right individual stocks, you could make more than that. For example, the Belden Inc. (NYSE:BDC) share price is up 94% in the last three years, clearly besting the market return of around 16% (not including dividends). However, more recent returns haven't been as impressive as that, with the stock returning just 3.6% in the last year, including dividends.

從股市受益的一個簡單方法是購買指數基金。但是,如果您選對了個別股票,您可能會比那賺得更多。例如,百通公司(NYSE:BDC)的股票價格在過去三年中上漲了94%,顯然超過了市場回報率約16%(不包括股息)。但是,最近的回報沒有那麼令人印象深刻,股票回報僅爲3.6%,其中包括股息。

So let's investigate and see if the longer term performance of the company has been in line with the underlying business' progress.

那麼,讓我們調查一下並查看公司的長期表現是否符合基本業務的進展。

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 imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement.

在他的文章《格雷厄姆和多德斯維爾超級投資者》中,禾倫·巴菲特描述了股票價格並不總是反映公司價值的合理方式。考慮市場對公司的看法如何發生變化的一個不完美但簡單的方法是將每股收益(EPS)的變化與股價的變動進行比較。股票價格並不總是反映公司價值的合理方式在股價上漲的5年中,新加坡交易所由虧損逐漸轉爲盈利。而在之後的12個月內,該公司的財務報表則呈虧損狀態,這表明它的盈利能力不可靠。其他指標可能會更好地反映公司的價值變化。

Belden was able to grow its EPS at 52% per year over three years, sending the share price higher. This EPS growth is higher than the 25% average annual increase in the share price. So one could reasonably conclude that the market has cooled on the stock.

百通公司能夠在三年內使其每股收益增長52%,從而推高股票價格。這種每股收益增長高於股價平均年增長率的25%。因此,人們可以合理地得出結論,市場對該股票已冷卻下來。

The company's earnings per share (over time) is depicted in the image below (click to see the exact numbers).

該公司的每股收益(隨時間的推移)如下圖所示(單擊可查看確切數字)。

earnings-per-share-growth
NYSE:BDC Earnings Per Share Growth June 14th 2024
NYSE:BDC每股收益增長2024年6月14日

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. Dive deeper into the earnings by checking this interactive graph of Belden's earnings, revenue and cash flow.

我們喜歡看到內部人士在過去12個月內購買股票。話雖如此,大多數人認爲盈利和營業收入增長趨勢更具有意義的業務指導。通過檢查百通公司每股收益,營業收入和現金流的交互式圖表來深入挖掘收益。

A Different Perspective

不同的觀點

Belden shareholders gained a total return of 3.6% during the year. But that was short of the market average. It's probably a good sign that the company has an even better long term track record, having provided shareholders with an annual TSR of 11% over five years. It's quite possible the business continues to execute with prowess, even as the share price gains are slowing. I find it very interesting to look at share price over the long term as a proxy for business performance. But to truly gain insight, we need to consider other information, too. To that end, you should be aware of the 2 warning signs we've spotted with Belden .

百通公司股東在一年內獲得了總回報率爲3.6%。但是,這低於市場平均水平。公司擁有更好的長期跟蹤記錄,爲股東提供了每年11%的年度TSR。即使股票價格的增長正在放緩,業務仍然可能繼續以高超的表現力來執行是一個非常有趣的去觀察股票長期表現作爲業務表現的代理。但是,爲了真正獲得洞察力,我們還需要考慮其他信息。爲此,您應該了解我們發現的兩個百通公司警告標誌。

If you like to buy stocks alongside management, then you might just love this free list of companies. (Hint: most of them are flying under the radar).

如果您喜歡與管理層共同購買股票,那麼您可能會喜歡這個免費的公司列表(提示:大多數公司沒有受到關注)。

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,本文所引述的市場回報反映了目前在美國交易所上市的股票的市場加權平均回報。

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.

對本文有反饋?關於內容有所顧慮?直接和我們聯繫。或者,發送電子郵件至editorial-team (at) simplywallst.com。
這篇文章是Simply Wall St的一般性文章。我們根據歷史數據和分析師預測提供評論,只使用公正的方法論,我們的文章並不意味着提供任何金融建議。文章不構成買賣任何股票的建議,也不考慮您的目標或您的財務狀況。我們的目標是帶給您基本數據驅動的長期關注分析。請注意,我們的分析可能不考慮最新的價格敏感公司公告或定性材料。Simply Wall St沒有任何股票頭寸。

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

對本文有反饋?關於內容有所顧慮?直接和我們聯繫。或者發送電子郵件至editorial-team@simplywallst.com。

譯文內容由第三人軟體翻譯。


以上內容僅用作資訊或教育之目的,不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。
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