Textron (NYSE:TXT) Shareholders Have Earned a 13% CAGR Over the Last Five Years
Textron (NYSE:TXT) Shareholders Have Earned a 13% CAGR Over the Last Five Years
The main point of investing for the long term is to make money. Better yet, you'd like to see the share price move up more than the market average. Unfortunately for shareholders, while the Textron Inc. (NYSE:TXT) share price is up 80% in the last five years, that's less than the market return. Over the last twelve months the stock price has risen a very respectable 8.2%.
長期投資的主要目的是賺錢。更好的是,你希望看到股價上漲超過市場平均水平。不幸的是,對於股東而言,德事隆公司(紐交所:TXT)股價在過去五年中上漲了80%,但低於市場回報。在過去十二個月裏,股價上漲了一個非常可觀的8.2%。
Now it's worth having a look at the company's fundamentals too, because that will help us determine if the long term shareholder return has matched the performance of the underlying business.
現在值得更詳細地了解該公司的基本面,因爲這將幫助我們判斷長期股東回報是否與基礎業務的表現相匹配。
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. 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.
禾倫·巴菲特在他的論文《格雷厄姆-道德斯維爾的超級投資者》中描述了股票價格並不總是合理地反映企業的價值。通過比較每股收益(EPS)和股價隨時間變化的變化,我們可以了解到投資者對某家公司的態度如何隨時間而變化。
During five years of share price growth, Textron achieved compound earnings per share (EPS) growth of 5.3% per year. This EPS growth is lower than the 12% 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.
在股價增長的五年中,德事隆實現了每股收益(EPS)複合增長率爲5.3%。這一EPS增長率低於股價每年平均增長12%。因此,可以合理假設市場對該業務的看法高於五年前。考慮到過去五年收益增長的記錄,這並不奇怪。
You can see how EPS has changed over time in the image below (click on the chart to see the exact values).
您可以在下面的圖片中查看每股收益如何隨時間變化(單擊圖表以查看確切的價值)。
Before buying or selling a stock, we always recommend a close examination of historic growth trends, available here.
在購買或出售股票之前,我們始終建議對歷史增長趨勢進行仔細研究,可以在這裏找到相關信息。
A Different Perspective
另一種看法
Textron shareholders gained a total return of 8.3% during the year. But that return falls short of the market. If we look back over five years, the returns are even better, coming in at 13% per year for five years. Maybe the share price is just taking a breather while the business executes on its growth strategy. Before spending more time on Textron it might be wise to click here to see if insiders have been buying or selling shares.
德事隆股東在該年度總回報率達到8.3%。但這一回報率遜於市場。如果我們回顧過去五年,回報率甚至更好,每年達到13%。也許股價只是在業務執行增長策略時休整一下。在花更多時間關注德事隆之前,最好點擊這裏查看內部人員是在購買還是出售股份。
If you like to buy stocks alongside management, then you might just love this free list of companies. (Hint: many of them are unnoticed AND have attractive valuation).
如果您喜歡與管理層一起購買股票,那麼您可能會喜歡這個公司的免費列表。 (提示:其中許多公司不爲人注意且具有吸引力的估值。)
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.
對這篇文章有反饋嗎?對內容感到擔憂嗎?請直接與我們聯繫。或者,發送電子郵件至editorial-team @ simplywallst.com。
Simply Wall St的這篇文章是一般性質的。我們僅基於歷史數據和分析師預測提供評論,使用公正的方法,我們的文章並非意在提供財務建議。這並不構成買入或賣出任何股票的建議,並且不考慮您的目標或財務狀況。我們旨在爲您帶來基於基礎數據驅動的長期聚焦分析。請注意,我們的分析可能未考慮最新的價格敏感公司公告或定性材料。Simply Wall St對提及的任何股票都沒有持倉。
譯文內容由第三人軟體翻譯。