Badger Meter (NYSE:BMI) Sheds 3.6% This Week, as Yearly Returns Fall More in Line With Earnings Growth
Badger Meter (NYSE:BMI) Sheds 3.6% This Week, as Yearly Returns Fall More in Line With Earnings Growth
The most you can lose on any stock (assuming you don't use leverage) is 100% of your money. But when you pick a company that is really flourishing, you can make more than 100%. One great example is Badger Meter, Inc. (NYSE:BMI) which saw its share price drive 234% higher over five years. It's down 3.6% in the last seven days.
在任何股票上你最多可以損失100%的資金(前提是你不使用槓桿)。但是,當你挑選出一家真正蓬勃發展的公司時,你可以賺取超過100%的收益。一個很好的例子是Badger Meter, Inc.(紐交所代碼:BMI),其股價在五年內上漲了234%。最近七天該公司股價下跌了3.6%。
Although Badger Meter has shed US$230m from its market cap this week, let's take a look at its longer term fundamental trends and see if they've driven returns.
儘管Badger Meter在本週從其市值中損失了23000萬美元,然而讓我們來看看其長期的基本趨勢,看看這些趨勢是否推動了回報。
There is no denying that markets are sometimes efficient, but prices do not always reflect underlying business performance. 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.
不可否認,市場有時是有效的,但價格並不總是反映基礎業務表現。考慮市場對公司看法變化的一種不完美但簡單的方法是比較每股收益(EPS)的變化與股價的變化。
Over half a decade, Badger Meter managed to grow its earnings per share at 21% a year. This EPS growth is lower than the 27% average annual increase in the share price. This suggests that market participants hold the company in higher regard, these days. That's not necessarily surprising considering the five-year track record of earnings growth. This favorable sentiment is reflected in its (fairly optimistic) P/E ratio of 52.45.
在過去的五年裏,Badger Meter每年的每股收益增長率達到了21%。這個每股收益增長率低於股價每年27%的平均增幅。這表明市場參與者如今對該公司的評價更高。考慮到過去五年的盈利增長記錄,這並不令人意外。這種積極情緒反映在其(相對樂觀的)市盈率52.45上。
The company's earnings per share (over time) is depicted in the image below (click to see the exact numbers).
公司的每股收益(隨時間)如下圖所示(點擊查看確切數字)。
We're pleased to report that the CEO is remunerated more modestly than most CEOs at similarly capitalized companies. But while CEO remuneration is always worth checking, the really important question is whether the company can grow earnings going forward. This free interactive report on Badger Meter's earnings, revenue and cash flow is a great place to start, if you want to investigate the stock further.
我們很高興地報告,首席執行官的薪酬比大多數在類似市值公司中的首席執行官更爲適中。但雖然首席執行官的薪酬總是值得關注,但真正重要的問題是公司是否能夠持續增長收益。如果您想進一步調查這隻股票,這份關於Badger Meter的收益、營業收入和現金流的免費互動報告是一個很好的起點。
What About Dividends?
關於分紅派息的問題
When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. 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. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. As it happens, Badger Meter's TSR for the last 5 years was 247%, which exceeds the share price return mentioned earlier. This is largely a result of its dividend payments!
在考慮投資回報時,考慮總股東回報(TSR)和股價回報之間的差異是重要的。TSR是一種回報計算,考慮了現金分紅的價值(假設任何收到的分紅都是再投資的)以及任何貼現資本籌集和分拆的計算價值。可以公平地說,TSR爲支付分紅的股票提供了更全面的視角。實際上,Badger Meter在過去五年的TSR爲247%,超過了之前提到的股價回報。這在很大程度上得益於其分紅支付!
A Different Perspective
不同的視角
It's good to see that Badger Meter has rewarded shareholders with a total shareholder return of 39% in the last twelve months. That's including the dividend. That gain is better than the annual TSR over five years, which is 28%. Therefore it seems like sentiment around the company has been positive lately. 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.
很高興看到Badger Meter在過去12個月中給股東帶來了39%的總股東回報。這包括分紅。這一增幅好於過去五年的年均TSR,後者爲28%。因此,最近市場對於公司的情緒似乎是積極的。考慮到股價勢頭依然強勁,可能值得更仔細地看看這隻股票,以免錯過機會。大多數投資者都會花時間查看內部交易的數據。您可以點擊這裏查看內部人士是否有買入或賣出的情況。
For those who like to find winning investments this free list of undervalued companies with recent insider purchasing, could be just the ticket.
對於喜歡尋找贏家投資的人來說,這份關於最近有內部人士購買的被低估公司的免費名單,可能正是你所需要的。
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,本文中引用的市場回報反映了當前在美國交易所上市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?對內容有疑慮?請直接與我們聯繫。或者,發送電子郵件至 editorial-team (at) simplywallst.com。
這篇來自Simply Wall ST的文章是一般性的。我們根據歷史數據和分析師預測提供評論,採用無偏見的方法,我們的文章並不旨在提供財務建議。它不構成對任何股票的買入或賣出建議,也未考慮到您的目標或財務狀況。我們旨在爲您提供以基本數據驅動的長期分析。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在提到的任何股票中均沒有持倉。
譯文內容由第三人軟體翻譯。
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