Teleflex (NYSE:TFX) Sheds US$381m, Company Earnings and Investor Returns Have Been Trending Downwards for Past Five Years
Teleflex (NYSE:TFX) Sheds US$381m, Company Earnings and Investor Returns Have Been Trending Downwards for Past Five Years
The main aim of stock picking is to find the market-beating stocks. But in any portfolio, there will be mixed results between individual stocks. At this point some shareholders may be questioning their investment in Teleflex Incorporated (NYSE:TFX), since the last five years saw the share price fall 49%. Furthermore, it's down 24% in about a quarter. That's not much fun for holders.
股票挑選的主要目標是找到超越市場的股票。但在任何投資組合中,各個股票之間的表現會有所不同。在這個時候,一些股東可能在質疑他們對泰利福公司(紐交所:TFX)的投資,因爲在過去五年中,股價下跌了49%。此外,股價在大約一個季度內下跌了24%。對此持有者來說並不太愉快。
Since Teleflex has shed US$381m from its value in the past 7 days, let's see if the longer term decline has been driven by the business' economics.
由於泰利福在過去7天內損失了38100萬美元的價值,讓我們看看長期的下滑是否是由業務的經濟因素驅動的。
While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance. One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price.
雖然市場是一個強大的定價機制,但股價反映了投資者情緒,不僅僅是基本業績。一種有缺陷但合理的評估公司周圍情緒如何變化的方法是將每股收益(EPS)與股價進行比較。
Looking back five years, both Teleflex's share price and EPS declined; the latter at a rate of 12% per year. Notably, the share price has fallen at 12% per year, fairly close to the change in the EPS. This suggests that market participants have not changed their view of the company all that much. So it's fair to say the share price has been responding to changes in EPS.
回顧過去五年,泰利福的股價和每股收益均有所下降;後者的年降幅爲12%。值得注意的是,股價的年降幅也是12%,與每股收益的變化非常接近。這表明市場參與者對公司的看法並沒有太大改變。因此,可以公平地說股價對每股收益的變化做出了反應。
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)。
This free interactive report on Teleflex's earnings, revenue and cash flow is a great place to start, if you want to investigate the stock further.
如果你想進一步研究這隻股票,這份關於泰利福的免費互動報告包含了其盈利、營業收入和現金流的詳細信息,是個很好的開始。
A Different Perspective
另一種看法
While the broader market gained around 34% in the last year, Teleflex shareholders lost 20% (even including dividends). Even the share prices of good stocks drop sometimes, but we want to see improvements in the fundamental metrics of a business, before getting too interested. Regrettably, last year's performance caps off a bad run, with the shareholders facing a total loss of 8% per year over five years. Generally speaking long term share price weakness can be a bad sign, though contrarian investors might want to research the stock in hope of a turnaround. It's always interesting to track share price performance over the longer term. But to understand Teleflex better, we need to consider many other factors. For instance, we've identified 1 warning sign for Teleflex that you should be aware of.
雖然過去一年大盤上漲了約34%,但泰利福的股東卻損失了20%(甚至包括分紅派息)。即使是好股票的股價有時也會下跌,但我們希望在過於關注之前能看到業務基本指標的改善。遺憾的是,去年的表現結束了一段糟糕的時期,股東在過去五年中面臨每年8%的總損失。一般來說,長期股價疲軟可能是個壞兆頭,儘管逆向投資者可能希望對此股票進行研究,以期出現轉機。長期跟蹤股價表現總是很有趣。然而,爲了更好地了解泰利福,我們需要考慮許多其他因素。例如,我們已經識別出泰利福的一個警示信號,值得注意。
We will like Teleflex better if we see some big insider buys. While we wait, check out this free list of undervalued stocks (mostly small caps) with considerable, recent, insider buying.
如果我們看到一些大宗內部買入,泰利福會更受歡迎。在我們等待時,請查看這份免費的被低估股票列表(主要是小盤股),其中有相當多的近期內部買入。
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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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。