Hawkins' (NASDAQ:HWKN) Five-year Earnings Growth Trails the 36% YoY Shareholder Returns
Hawkins' (NASDAQ:HWKN) Five-year Earnings Growth Trails the 36% YoY Shareholder Returns
For many, the main point of investing in the stock market is to achieve spectacular returns. While not every stock performs well, when investors win, they can win big. Don't believe it? Then look at the Hawkins, Inc. (NASDAQ:HWKN) share price. It's 330% higher than it was five years ago. If that doesn't get you thinking about long term investing, we don't know what will. It's also good to see the share price up 18% over the last quarter.
對於許多人來說，股票市場投資的主要目的是實現驚人的回報。雖然並非每一隻股票都表現良好，但當投資者獲勝時，他們可以獲得巨額利潤。不相信嗎？那就看看霍金斯公司（納斯達克股票代碼：HWKN）的股價。它比五年前高出330%。如果這不能讓你考慮長期投資，我們不知道什麼能。此外，很高興看到股價在過去一個季度上漲了18%。
The past week has proven to be lucrative for Hawkins investors, so let's see if fundamentals drove the company's five-year performance.
過去一週已經證明對於霍金斯公司的投資者來說是盈利的，所以讓我們看看五年間的業績增長背後是否有正確的基本面。
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。
Over half a decade, Hawkins managed to grow its earnings per share at 26% a year. This EPS growth is lower than the 34% average annual increase in the share price. This suggests that market participants hold the company in higher regard, these days. That's not necessarily surprising considering the five-year track record of earnings growth.
在半個多世紀的時間裏，霍金斯成功地將每股收益增長到了26%。這一每股收益增長低於股價平均年增長率的34%。這意味着市場參與者目前更看好該公司。考慮到五年來收入增長的記錄，這並不奇怪。
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 good to see that there was some significant insider buying in the last three months. That's a positive. That said, we think earnings and revenue growth trends are even more important factors to consider. Before buying or selling a stock, we always recommend a close examination of historic growth trends, available here..
很高興看到在過去三個月中有一些重要的內部買入，這是積極的。話雖如此，我們認爲考慮收益和營收增長趨勢更爲重要。在買賣股票之前，我們始終建議對歷史增長趨勢進行仔細的考慮。這裏可以提供相關數據。
What About Dividends?
那麼分紅怎麼樣呢？
It is important to consider the total shareholder return, as well as the share price return, for any given stock. 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, Hawkins' TSR for the last 5 years was 364%, which exceeds the share price return mentioned earlier. The dividends paid by the company have thusly boosted the total shareholder return.
對於任何股票，考慮總股東回報和股票價格回報都是很重要的。股票價格回報僅僅反映了股票價格變化，TSR包括了股息的價值（假設它們被再投資了）和任何折價的資本籌資或分拆的好處。因此，對於那些支付高額股息的公司而言，TSR經常比股票價格回報高得多。碰巧霍金斯公司過去5年的TSR爲364%，超過了之前提到的股票價格回報。該公司支付的股息從而提高了股價回報。總股東回報。
A Different Perspective
不同的觀點
It's nice to see that Hawkins shareholders have received a total shareholder return of 93% over the last year. Of course, that includes the dividend. That's better than the annualised return of 36% over half a decade, implying that the company is doing better recently. In the best case scenario, this may hint at some real business momentum, implying that now could be a great time to delve deeper. If you want to research this stock further, the data on insider buying is an obvious place to start. You can click here to see who has been buying shares - and the price they paid.
很高興看到霍金斯公司股東在過去一年裏獲得了93%的總股東回報。當然，這包括股息。這比半個世紀以來的平均年回報36%要好，說明公司最近的表現更好。在最理想的情況下，這可能暗示着一些真實的商務動能，這意味着現在可能是深入挖掘的好時機。如果你想進一步研究這隻股票，內部買入的數據是一個很明顯的起點。你可以點擊這裏查看誰在買進股票以及他們的交易價格。
Hawkins is not the only stock insiders are buying. So take a peek at this free list of small cap companies at attractive valuations which insiders have been buying.
霍金斯不是唯一一個內部人員購買股票的公司。所以看看這個免費的小盤股公司的有吸引力的估值的股票清單，並查看內部人員已購買的股票。
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。