Investors More Bullish on Fresh Del Monte Produce (NYSE:FDP) This Week as Stock Advances 4.0%, Despite Earnings Trending Downwards Over Past Year
Investors More Bullish on Fresh Del Monte Produce (NYSE:FDP) This Week as Stock Advances 4.0%, Despite Earnings Trending Downwards Over Past Year
Passive investing in index funds can generate returns that roughly match the overall market. But one can do better than that by picking better than average stocks (as part of a diversified portfolio). To wit, the Fresh Del Monte Produce Inc. (NYSE:FDP) share price is 47% higher than it was a year ago, much better than the market return of around 32% (not including dividends) in the same period. That's a solid performance by our standards! And shareholders have also done well over the long term, with an increase of 34% in the last three years.
被動投資於指數基金可以產生大致與整體市場相匹配的回報。但是,通過選擇優於平均水平的股票(作爲多元化投資組合的一部分),可以獲得更好的回報。例如,戴爾蒙特新鮮製造公司(紐交所:FDP)的股價比一年前高出47%,遠遠超過同期市場回報的約32%(不包括分紅派息)。這在我們的標準下是個不錯的表現!而且股東們在長期內的表現也很好,過去三年增長了34%。
On the back of a solid 7-day performance, let's check what role the company's fundamentals have played in driving long term shareholder returns.
在穩定的七天表現之後,讓我們看看公司的基本面對長期股東回報的影響。
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。
Fresh Del Monte Produce went from making a loss to reporting a profit, in the last year.
在過去一年中,戴爾蒙特新鮮製造公司的經營從虧損轉爲盈利。
When a company is just on the edge of profitability it can be well worth considering other metrics in order to more precisely gauge growth (and therefore understand share price movements).
當一家公司處於盈虧邊緣時,考慮其他指標以更精確地衡量增長(從而了解股價走勢)是非常值得的。
Revenue was pretty flat year on year, but maybe a closer look at the data can explain the market optimism.
營業收入去年同比基本持平,但可能進一步分析數據可以解釋市場的樂觀情緒。
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 like that insiders have been buying shares in the last twelve months. Even so, future earnings will be far more important to whether current shareholders make money. You can see what analysts are predicting for Fresh Del Monte Produce in this interactive graph of future profit estimates.
我們很高興內部人士在過去十二個月中買入了股票。儘管如此,未來的盈利對於當前股東是否能夠獲利將更加重要。您可以在這個互動圖表中查看分析師對戴爾蒙特新鮮製造未來利潤預測的預測。
What About Dividends?
關於分紅派息的問題
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. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. As it happens, Fresh Del Monte Produce's TSR for the last 1 year was 52%, which exceeds the share price return mentioned earlier. And there's no prize for guessing that the dividend payments largely explain the divergence!
除了衡量股價回報,投資者還應考慮總股東回報率(TSR)。股價回報僅反映股價的變化,而TSR則包括分紅的價值(假設進行再投資)以及任何折扣資本籌集或拆分帶來的收益。可以說,TSR提供了股票所產生回報的更全面的圖景。實際上,戴爾蒙特新鮮製造過去一年TSR爲52%,超過了前面提到的股價回報。而且,毫無疑問,分紅派息在很大程度上解釋了這種差異!
A Different Perspective
另一種看法
It's nice to see that Fresh Del Monte Produce shareholders have received a total shareholder return of 52% over the last year. Of course, that includes the dividend. That's better than the annualised return of 3% over half a decade, implying that the company is doing better recently. Someone with an optimistic perspective could view the recent improvement in TSR as indicating that the business itself is getting better with time. It's always interesting to track share price performance over the longer term. But to understand Fresh Del Monte Produce better, we need to consider many other factors. Consider for instance, the ever-present spectre of investment risk. We've identified 3 warning signs with Fresh Del Monte Produce , and understanding them should be part of your investment process.
很高興看到戴爾蒙特新鮮製造的股東在過去一年中獲得了52%的總股東回報。當然,這其中包括了分紅派息。這比過去五年年化回報的3%要好,暗示着公司最近的表現更佳。持樂觀態度的人可能會將最近的總股東回報改善視爲表明業務隨着時間的推移在不斷改善。長期跟蹤股票價格表現總是很有趣。但爲了更好地了解戴爾蒙特新鮮製造,我們需要考慮許多其他因素。例如,投資風險的潛在威脅。我們已經識別出戴爾蒙特新鮮製造的三個警告信號,理解這些信號應該是您投資過程的一部分。
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of undervalued small cap companies that insiders are buying.
還有很多其他的公司,公司的內部人士正在購買股票。你可能不想錯過這個免費的小市值公司的低估列表。
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。
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