Ross Stores (NASDAQ:ROST) Stock Performs Better Than Its Underlying Earnings Growth Over Last Five Years
Ross Stores (NASDAQ:ROST) Stock Performs Better Than Its Underlying Earnings Growth Over Last Five Years
If you buy and hold a stock for many years, you'd hope to be making a profit. But more than that, you probably want to see it rise more than the market average. But Ross Stores, Inc. (NASDAQ:ROST) has fallen short of that second goal, with a share price rise of 43% over five years, which is below the market return. Some buyers are laughing, though, with an increase of 38% in the last year.
如果你買入並持有股票多年,你希望盈利。但更重要的是,你可能希望看到它的漲幅超過市場平均。但羅斯百貨,Inc. (納斯達克: ROST) 沒有達到第二個目標,在過去五年中股價上漲了43%,低於市場回報。不過有一些買家很高興,在過去一年中股價上漲了38%。
Since it's been a strong week for Ross Stores shareholders, let's have a look at trend of the longer term fundamentals.
既然羅斯百貨的股東已經度過了強勁的一週,讓我們來看看長期基本面的趨勢。
To quote Buffett, 'Ships will sail around the world but the Flat Earth Society will flourish. There will continue to be wide discrepancies between price and value in the marketplace...' 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.
引用巴菲特的話:“船隻將周遊世界,而‘地平派’仍會興旺。市場上的價格和價值仍會存在廣泛的差距……”考慮一家公司在市場上的認知如何變化的一個不完美但簡單的方法是比較每股收益(EPS)的變化和股價的波動。
Over half a decade, Ross Stores managed to grow its earnings per share at 6.6% a year. This EPS growth is reasonably close to the 7% average annual increase in the share price. That suggests that the market sentiment around the company hasn't changed much over that time. Indeed, it would appear the share price is reacting to the EPS.
在半個十年的時間裏,羅斯百貨成功以每股收益6.6%的年均增長率增加其盈利。這種每股收益增長率與股價的平均年增長率7%相當接近。這表明市場對該公司的情緒在這段時間內沒有太大的變化。實際上,股價似乎在對每股收益做出反應。
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)。
![big](https://newsfile.futunn.com/public/NN-PersistNewsContentImage/7781/20240715/0-abd9ec77b03908bb55d43ac2a63de478-0-4ac136cd884cf145ac6c666095685da1.png/big)
It is of course excellent to see how Ross Stores has grown profits over the years, but the future is more important for shareholders. Take a more thorough look at Ross Stores' financial health with this free report on its balance sheet.
當然,看到羅斯百貨多年來的盈利增長是非常好的,但對股東來說,未來更重要。通過這份關於負債表的免費報告,更深入地了解羅斯百貨的財務狀況。
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). The TSR is a return calculation that accounts for the value of cash dividends (assuming that any dividend received was reinvested) and the calculated value of any discounted capital raisings and spin-offs. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. As it happens, Ross Stores' TSR for the last 5 years was 50%, which exceeds the share price return mentioned earlier. The dividends paid by the company have thusly boosted the total shareholder return.
除了衡量股價回報之外,投資者還應考慮總股東回報(TSR)。TSR是一種回報計算,考慮到現金分紅的價值(假設任何分紅都被再投資)和任何折價增資和分拆的計算價值。可以說,TSR給出的是股票產生的更全面的回報畫面。碰巧,羅斯百貨近5年的TSR爲50%,超過了前面提到的股價回報。公司支付的股息因此提高了總股東回報。
A Different Perspective
不同的觀點
It's nice to see that Ross Stores shareholders have received a total shareholder return of 39% over the last year. And that does include the dividend. Since the one-year TSR is better than the five-year TSR (the latter coming in at 8% per year), it would seem that the stock's performance has improved in recent times. Given the share price momentum remains strong, it might be worth taking a closer look at the stock, lest you miss an opportunity. Most investors take the time to check the data on insider transactions. You can click here to see if insiders have been buying or selling.
羅斯百貨股東在過去一年中獲得了39%的總股東回報,這是非常好的。這也包括了股息。由於一年的TSR比五年的TSR(後者爲每年8%)要好,因此股票的表現似乎在最近有所改善。鑑於股價的動力仍然強勁,可能值得更仔細地觀察這支股票,以免錯過機會。大多數投資者都會花時間檢查內部交易的數據。您可以點擊此處查看內部人員是否買賣。
For those who like to find winning investments this free list of undervalued companies with recent insider purchasing, could be just the ticket.
對於那些喜歡尋找獲勝投資的人來說,最近有內部購買的低估公司免費列表可能是一個很好的選擇。
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?關注內容?請直接與我們聯繫。或者,發送電子郵件至editorial-team@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? 對內容感到擔憂? 請直接與我們聯繫。 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。