National Beverage (NASDAQ:FIZZ) Sheds 8.7% This Week, as Yearly Returns Fall More in Line With Earnings Growth
National Beverage (NASDAQ:FIZZ) Sheds 8.7% This Week, as Yearly Returns Fall More in Line With Earnings Growth
The worst result, after buying shares in a company (assuming no leverage), would be if you lose all the money you put in. But on a lighter note, a good company can see its share price rise well over 100%. One great example is National Beverage Corp. (NASDAQ:FIZZ) which saw its share price drive 102% higher over five years. On the other hand, the stock price has retraced 8.7% in the last week. But note that the broader market is down 0.3% since last week, and this may have impacted National Beverage's share price.
買入一家公司的股票後（假設沒有借貸），最糟糕的情況是你輸掉了所有本金。但是好消息是，優秀的公司的股價可以上漲超過100％。一個很好的例子是National Beverage Corp.（NASDAQ：FIZZ），它在五年內看到其股價上漲了102％。另一方面，股價在上週回落了8.7％。但是請注意，自從上週以來，整個市場下跌了0.3％，這可能對National Beverage的股價產生了影響。
In light of the stock dropping 8.7% in the past week, we want to investigate the longer term story, and see if fundamentals have been the driver of the company's positive five-year return.
考慮到股價在過去一週下跌了8.7％，我們想了解更長期的情況，並查看業績是不是推動了公司5年來的回報。
There is no denying that markets are sometimes efficient, but prices do not always reflect 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.
市場有時候是有效的，但價格並不總是反映公司的基本業務表現。通過比較每股收益和股價變化，我們可以了解投資者對公司的看法如何隨着時間變化而變化。
Over half a decade, National Beverage managed to grow its earnings per share at 2.2% a year. This EPS growth is slower than the share price growth of 15% per year, over the same period. So it's fair to assume the market has a higher opinion of the business than it did five years ago. And that's hardly shocking given the track record of growth.
在半個多世紀的時間裏，National Beverage成功地將每股收益增長了2.2％。這種每股收益增長速度比同期15％的股價增長速度慢。因此，可以認爲股市對該企業的看法比五年前更高。鑑於該公司的發展歷史，這並不令人驚訝。
The image below shows how EPS has tracked over time (if you click on the image you can see greater detail).
下圖顯示了EPS隨時間的變化情況（如果您單擊該圖像，則可以查看更多詳細信息）。
We know that National Beverage has improved its bottom line lately, but is it going to grow revenue? You could check out this free report showing analyst revenue forecasts.
我們知道National Beverage的淨收益有所提高，但它是否會增長營業收入呢？您可以查看此免費報告，以了解分析師的營收預測情況。
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, National Beverage's TSR for the last 5 years was 144%, which exceeds the share price return mentioned earlier. This is largely a result of its dividend payments!
除了測量股價回報外，投資者還應考慮總股東回報（TSR）。股票價格回報僅反映了股票價格的變化，而TSR包括分紅的價值（假設它們已再投資）和任何優惠的資本籌集或剝離的利益。發放豐厚股息的公司，其TSR通常比股票價格回報高得多。實際上，National Beverage過去5年的TSR爲144％，超過了前面提到的股價回報。這在很大程度上是其股息支付的結果！
A Different Perspective
不同的觀點
Investors in National Beverage had a tough year, with a total loss of 2.4% (including dividends), against a market gain of about 24%. However, keep in mind that even the best stocks will sometimes underperform the market over a twelve month period. On the bright side, long term shareholders have made money, with a gain of 20% per year over half a decade. It could be that the recent sell-off is an opportunity, so it may be worth checking the fundamental data for signs of a long term growth trend. 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. Even so, be aware that National Beverage is showing 2 warning signs in our investment analysis , you should know about...
National Beverage的股東在過去的一年中損失了2.4％（包括股息），而市場則獲得了約24％的收益。但是，請記住，即使是最好的股票有時也會在12個月的期間內表現不佳。從好的一面來看，長期股東已經賺錢了，半個多世紀以來年回報率達20％。最近的拋售可能是一個機會，因此可能值得檢查基本數據，以了解長期增長趨勢的跡象。我認爲，通過股票價格長期作爲業務績效的代理來觀察非常有趣。但是爲了真正獲得洞察力，我們還需要考慮其他信息。即使這樣，請注意，National Beverage在我們的投資分析中顯示了2個警告信號，您應該知道......
If you are like me, then you will not want to miss this free list of undervalued small caps that insiders are buying.
如果您像我一樣，就不會希望錯過這份免費的內部人士正在購買的低估小市值股票列表。
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
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譯文內容由第三人軟體翻譯。