Synaptics (NASDAQ:SYNA) Shareholders Have Endured a 65% Loss From Investing in the Stock Three Years Ago
Synaptics (NASDAQ:SYNA) Shareholders Have Endured a 65% Loss From Investing in the Stock Three Years Ago
Investing in stocks inevitably means buying into some companies that perform poorly. But long term Synaptics Incorporated (NASDAQ:SYNA) shareholders have had a particularly rough ride in the last three year. Unfortunately, they have held through a 65% decline in the share price in that time. Shareholders have had an even rougher run lately, with the share price down 14% in the last 90 days.
投資股票必然意味着購買一些表現不佳的公司。但長期納斯達克(NASDAQ:SYNA)的股東在過去三年裏經歷了特別艱難的時期。不幸的是,他們在這段時間裏持有了股價下跌65%。股東們最近的運行甚至更加艱難,股價在過去90天下跌了14%。
Since shareholders are down over the longer term, lets look at the underlying fundamentals over the that time and see if they've been consistent with returns.
由於股東們長期以來都虧損了,因此讓我們回顧過去一段時間的基本面,看看是否一直與收益相一致。
To paraphrase Benjamin Graham: Over the short term the market is a voting machine, but over the long term it's a weighing machine. 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).
用本傑明·格雷厄姆的話來說:「短期市場是一臺投票機,但長期市場是一臺稱重機」。檢查市場情緒如何隨時間推移變化的一種方式是查看公司股價和每股收益(EPS)之間的相互作用。
Although the share price is down over three years, Synaptics actually managed to grow EPS by 11% per year in that time. Given the share price reaction, one might suspect that EPS is not a good guide to the business performance during the period (perhaps due to a one-off loss or gain). Alternatively, growth expectations may have been unreasonable in the past.
儘管股價在過去三年下跌,Synaptics實際上成功將每股收益每年增長11%。考慮到股價反應,人們可能會懷疑每股收益在該時期內並不是業務績效的良好指標(也許是因爲一次性損失或收益)。另外,過去可能存在不切實際的增長預期。
Since the change in EPS doesn't seem to correlate with the change in share price, it's worth taking a look at other metrics.
由於EPS的變化似乎與股價的變化不相關,因此值得查看其他指標。
We think that the revenue decline over three years, at a rate of 13% per year, probably had some shareholders looking to sell. And that's not surprising, since it seems unlikely that EPS growth can continue for long in the absence of revenue growth.
我們認爲,營業收入在三年內下降了13%,可能導致一些股東想要賣出。這並不令人驚訝,因爲在沒有營業收入增長的情況下,每股收益增長很可能無法持續太久。
The graphic below depicts how earnings and revenue have changed over time (unveil the exact values by clicking on the image).
下面的圖表顯示了收益和營收隨時間的變化情況(通過單擊圖像揭示確切的值)。
We know that Synaptics has improved its bottom line lately, but what does the future have in store? So we recommend checking out this free report showing consensus forecasts
我們知道Synaptics最近改善了其底線,但未來會怎樣?因此,我們建議查看這份免費報告,展示共識預測。
A Different Perspective
不同的觀點
Synaptics shareholders are down 10% for the year, but the market itself is up 42%. However, keep in mind that even the best stocks will sometimes underperform the market over a twelve month period. Longer term investors wouldn't be so upset, since they would have made 9%, each year, over five years. 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. 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 3 warning signs for Synaptics you should be aware of, and 1 of them is potentially serious.
Synaptics股東今年跌了10%,但市場本身上漲了42%。然而,記住,即使最好的股票有時也會在十二個月的時期內跑輸市場。長期投資者可能不會那麼沮喪,因爲在過去五年裏,他們每年都能賺取9%。最近的拋售可能是一個機會,因此值得檢查基本數據,尋找長期增長趨勢的跡象。雖然考慮市場狀況對股價的影響是非常值得的,但還有其他更重要的因素。舉例來說:我們發現Synaptics存在3個警示信號,您應該注意,其中1個可能是嚴重的。
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of companies we expect will grow earnings.
當然,您可能在其他地方找到一家出色的企業進行投資。因此,請查看我們預計將實現盈利增長的公司的免費列表。
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。
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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.
對本文有任何反饋?對內容有任何疑慮?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。
譯文內容由第三人軟體翻譯。