Pulling Back 5.5% This Week, Mueller Water Products' NYSE:MWA) Five-year Decline in Earnings May Be Coming Into Investors Focus
Pulling Back 5.5% This Week, Mueller Water Products' NYSE:MWA) Five-year Decline in Earnings May Be Coming Into Investors Focus
It hasn't been the best quarter for Mueller Water Products, Inc. (NYSE:MWA) shareholders, since the share price has fallen 24% in that time. On the bright side the share price is up over the last half decade. However we are not very impressed because the share price is only up 20%, less than the market return of 73%.
這不是今年以來最好的一個季度米勒水產公司(紐約證券交易所股票代碼：MWA)的股東，因為在此期間股價下跌了24%。從好的方面來看，該公司股價在過去五年裡有所上漲。然而，我們並不是很印象深刻，因為股價只上漲了20%，低於73%的市場回報率。
Although Mueller Water Products has shed US$111m 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Mueller Water Products本週市值縮水1.11億美元，但讓我們看看其較長期的基本面趨勢，看看它們是否推動了回報。
Check out our latest analysis for Mueller Water Products
查看我們對米勒水務產品的最新分析
To quote Buffett, 'Ships will sail around the world but the Flat Earth Society will flourish. There will continue to be wide discrepancies between price and value in the marketplace...' 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.
用巴菲特的話說，“船隻將在世界各地航行，但平坦的地球協會將蓬勃發展。市場上的價格和價值之間將繼續存在巨大的差異……”評估圍繞一家公司的情緒變化的一個有缺陷但合理的方法是將每股收益(EPS)與股價進行比較。
During five years of share price growth, Mueller Water Products actually saw its EPS drop 5.4% per year.
在股價上漲的五年中，米勒水務公司的每股收益實際上每年下降5.4%。
The strong decline in earnings per share suggests the market isn't using EPS to judge the company. The falling EPS doesn't correlate with the climbing share price, so it's worth taking a look at other metrics.
每股收益的強勁下滑表明，市場並沒有使用每股收益來評判該公司。每股收益的下降與股價的攀升並不相關，因此值得看看其他指標。
The modest 2.0% dividend yield is unlikely to be propping up the share price. In contrast revenue growth of 8.1% per year is probably viewed as evidence that Mueller Water Products is growing, a real positive. In that case, the company may be sacrificing current earnings per share to drive growth.
2.0%的適度股息收益率不太可能支撐股價。相比之下，每年8.1%的收入增長可能被視為Mueller Water Products正在增長的證據，這是一個真正的積極因素。在這種情況下，該公司可能是在犧牲當前的每股收益來推動增長。
You can see how earnings and revenue have changed over time in the image below (click on the chart to see the exact values).
您可以在下圖中看到收益和收入隨時間的變化(單擊圖表查看確切的值)。
It's probably worth noting that the CEO is paid less than the median at similar sized companies. It's always worth keeping an eye on CEO pay, but a more important question is whether the company will grow earnings throughout the years. If you are thinking of buying or selling Mueller Water Products stock, you should check out this free report showing analyst profit forecasts.
可能值得注意的是，首席執行官的薪酬低於類似規模公司的中位數。關注首席執行官的薪酬總是值得的，但更重要的問題是，該公司是否會在未來幾年實現盈利增長。如果您正在考慮購買或出售Mueller Water Products的庫存，您應該查看以下內容免費顯示分析師利潤預測的報告。
What About Dividends?
那股息呢？
It is important to consider the total shareholder return, as well as the share price return, for any given stock. The TSR incorporates the value of any spin-offs or discounted capital raisings, along with any dividends, based on the assumption that the dividends are reinvested. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. We note that for Mueller Water Products the TSR over the last 5 years was 31%, which is better than the share price return mentioned above. This is largely a result of its dividend payments!
重要的是要考慮任何給定股票的總股東回報以及股價回報。TSR包括任何剝離或貼現融資的價值，以及任何股息，基於股息再投資的假設。公平地說，TSR為支付股息的股票提供了更完整的圖景。我們注意到，對於Mueller Water Products，過去5年的TSR為31%，優於上文提到的股價回報率。這在很大程度上是其股息支付的結果！
A Different Perspective
不同的視角
Mueller Water Products shareholders are up 15% for the year (even including dividends). But that return falls short of the market. On the bright side, that's still a gain, and it's actually better than the average return of 6% over half a decade This could indicate that the company is winning over new investors, as it pursues its strategy. 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 2 warning signs for Mueller Water Products you should be aware of, and 1 of them is a bit unpleasant.
Mueller Water Products的股東今年上漲了15%(甚至包括股息)。但這一回報率低於市場。從好的方面來看，這仍然是一種收益，而且實際上好於過去五年6%的平均回報率這可能表明，該公司正在爭取新的投資者，因為它正在推行自己的戰略。雖然值得考慮市場狀況對股價可能產生的不同影響，但還有其他更重要的因素。一個恰當的例子：我們發現了米勒水產品的2個警告標誌你應該知道，其中一個是有點令人不快的。
If you are like me, then you will not want to miss this free list of growing companies that insiders are buying.
如果你像我一樣，你會的不想懷念這一切嗎？免費內部人士正在收購的成長型公司名單.
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，本文引用的市場回報反映了目前在美國交易所交易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.
對這篇文章有什麼反饋嗎？擔心內容嗎？ 保持聯繫直接與我們聯繫.或者，也可以給編輯組發電子郵件，地址是暗示Wallst.com。
本文由Simply Wall St.撰寫，具有概括性.我們僅使用不偏不倚的方法提供基於歷史數據和分析師預測的評論，我們的文章並不打算作為財務建議.它不構成買賣任何股票的建議，也沒有考慮你的目標或你的財務狀況.我們的目標是為您帶來由基本面數據驅動的長期重點分析.請注意，我們的分析可能不會將最新的對價格敏感的公司公告或定性材料考慮在內.Simply Wall St.對上述任何一隻股票都沒有持倉.
譯文內容由第三人軟體翻譯。