Investors in RB Global (NYSE:RBA) Have Seen Impressive Returns of 159% Over the Past Five Years
Investors in RB Global (NYSE:RBA) Have Seen Impressive Returns of 159% Over the Past Five Years
The worst result, after buying shares in a company (assuming no leverage), would be if you lose all the money you put in. But when you pick a company that is really flourishing, you can make more than 100%. One great example is RB Global, Inc. (NYSE:RBA) which saw its share price drive 134% higher over five years. It's down 3.0% in the last seven days.
購買一家公司的股票後的最壞成果（假設沒有槓桿）就是失去您投入的所有資金。但是當您選擇一個確實蓬勃發展的公司時，您可以創業板獲得超過100％的回報。一個很好的例子是HubSpot，Inc.（紐交所：HUBS），其股價在五年內上漲了249％。但上週下跌了6.6％。獲得100%以上的利潤。一個很好的例子是RB Global，Inc. (NYSE:RBA)，在過去的五年中，它的股價上漲了134%。它在過去的七天下跌了3.0%。
Let's take a look at the underlying fundamentals over the longer term, and see if they've been consistent with shareholders returns.
讓我們長期看一下潛在的基本面，看看它們是否與股東回報一致。
While the efficient markets hypothesis continues to be taught by some, it has been proven that markets are over-reactive dynamic systems, and investors are not always rational. One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS).
雖然有效市場假說仍然被一些人教授，但被證明市場是過度反應的動態系統，投資者並不總是理性的。檢查市場情緒如何隨時間變化的一種方法是看一個公司的股價與其每股收益（EPS）之間的交互作用。
During five years of share price growth, RB Global achieved compound earnings per share (EPS) growth of 8.2% per year. This EPS growth is lower than the 18% average annual increase in the share price. So it's fair to assume the market has a higher opinion of the business than it did five years ago. That's not necessarily surprising considering the five-year track record of earnings growth. This favorable sentiment is reflected in its (fairly optimistic) P/E ratio of 46.34.
在股價增長的五年中，RB Global的複合每股收益增長率爲8.2%。這個EPS增長率低於股價的平均年增長率18%。因此，可以說市場對該業務的看法比五年前更高是公正的。考慮到五年來盈利增長的記錄，這並不令人意外。這種良好的情緒反映在其（相當樂觀的）市盈率46.34中。
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）。
It's probably worth noting we've seen significant insider buying in the last quarter, which we consider a positive. That said, we think earnings and revenue growth trends are even more important factors to consider. Dive deeper into the earnings by checking this interactive graph of RB Global's earnings, revenue and cash flow.
值得注意的是，我們在最近一個季度看到了顯著的內部買入，這是我們認爲是一個積極的信號。話雖如此，我們認爲盈利和收入增長趨勢是更重要的因素。通過檢查RB Global的盈利，收入和現金流的交互式圖表，更深入地了解盈利情況。
What About Dividends?
那麼分紅怎麼樣呢？
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. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. As it happens, RB Global's TSR for the last 5 years was 159%, which exceeds the share price return mentioned earlier. This is largely a result of its dividend payments!
除了衡量股價回報，投資者還應考慮總股東回報（TSR）。而股價回報僅反映了股價的變化，TSR包括股息價值（假設它們被再投資）以及任何折價融資或拆分帶來的利益。因此，對於支付豐厚股息的公司，TSR往往比股價回報高得多。事實上，RB Global過去5年的TSR爲159%，超過了前面提到的股價回報。這主要是因爲它的分紅派息！
A Different Perspective
不同的觀點
We're pleased to report that RB Global shareholders have received a total shareholder return of 42% over one year. And that does include the dividend. That gain is better than the annual TSR over five years, which is 21%. Therefore it seems like sentiment around the company has been positive lately. Given the share price momentum remains strong, it might be worth taking a closer look at the stock, lest you miss an opportunity. 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. Case in point: We've spotted 2 warning signs for RB Global you should be aware of.
我們很高興地報告，RB Global股東在過去一年內獲得了42%的總股東回報。這當然包括股息。這個收益優於五年的年度TSR，爲21%。因此，似乎最近對公司的情緒一直是積極的。考慮到股價的勢頭仍然強勁，可能值得更仔細地觀察這支股票，以免錯過機會。雖然考慮市場條件對股價的不同影響非常值得，但還有其他更重要的因素。事實證明：我們已經發現RB Global的2個警告信號，您應該注意。
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。