Aramark's (NYSE:ARMK) Investors Will Be Pleased With Their 19% Return Over the Last Three Years
Aramark's (NYSE:ARMK) Investors Will Be Pleased With Their 19% Return Over the Last Three Years
While it may not be enough for some shareholders, we think it is good to see the Aramark (NYSE:ARMK) share price up 12% in a single quarter. But that cannot eclipse the less-than-impressive returns over the last three years. Truth be told the share price declined 17% in three years and that return, Dear Reader, falls short of what you could have got from passive investing with an index fund.
儘管這對某些股東來說可能還不夠，但我們認爲Aramark（紐約證券交易所代碼：ARMK）的股價在一個季度內上漲12％是件好事。但這並不能掩蓋過去三年來不那麼令人印象深刻的回報。說實話，股價在三年內下跌了17％，親愛的讀者，這一回報沒有達到指數基金被動投資所能獲得的回報。
So let's have a look and see if the longer term performance of the company has been in line with the underlying business' progress.
因此，讓我們來看看公司的長期表現是否與基礎業務的進展一致。
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...' 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.
引用巴菲特的話說：“船隻將在世界各地航行，但Flat Earth Society將蓬勃發展。市場上的價格和價值之間將繼續存在巨大差異...”通過比較每股收益（EPS）和一段時間內的股價變化，我們可以了解投資者對公司的態度是如何隨着時間的推移而變化的。
Aramark became profitable within the last five years. That would generally be considered a positive, so we are surprised to see the share price is down. So given the share price is down it's worth checking some other metrics too.
Aramark在過去五年中實現了盈利。這通常會被視爲利好，因此我們驚訝地看到股價下跌。因此，鑑於股價下跌，還值得檢查其他一些指標。
The modest 1.2% dividend yield is unlikely to be guiding the market view of the stock. Revenue is actually up 21% over the three years, so the share price drop doesn't seem to hinge on revenue, either. It's probably worth investigating Aramark further; while we may be missing something on this analysis, there might also be an opportunity.
1.2％的適度股息收益率不太可能指導該股的市場觀點。在過去的三年中，收入實際上增長了21％，因此股價下跌似乎也不取決於收入。可能值得進一步研究Aramark；雖然我們在分析中可能遺漏了一些東西，但也可能有機會。
The graphic below depicts how earnings and revenue have changed over time (unveil the exact values by clicking on the image).
下圖描述了收入和收入隨時間推移而發生的變化（點擊圖片即可顯示確切的數值）。
Aramark is a well known stock, with plenty of analyst coverage, suggesting some visibility into future growth. So we recommend checking out this free report showing consensus forecasts
Aramark是一隻知名股票，有大量分析師報道，這表明未來增長有一定的可見性。因此，我們建議您查看這份顯示共識預測的免費報告
What About Dividends?
分紅呢？
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, Aramark's TSR for the last 3 years was 19%, which exceeds the share price return mentioned earlier. The dividends paid by the company have thusly boosted the total shareholder return.
除了衡量股價回報率外，投資者還應考慮股東總回報率（TSR）。儘管股價回報率僅反映股價的變化，但股東總回報率包括股息的價值（假設已進行再投資）以及任何折扣融資或分拆的收益。可以說，股東總回報率更全面地描述了股票產生的回報。碰巧的是，Aramark在過去3年的股東總回報率爲19％，超過了前面提到的股價回報率。因此，該公司支付的股息提高了 總 股東回報。
A Different Perspective
不同的視角
Aramark shareholders have received returns of 30% over twelve months (even including dividends), which isn't far from the general market return. Most would be happy with a gain, and it helps that the year's return is actually better than the average return over five years, which was 9%. It is possible that management foresight will bring growth well into the future, even if the share price slows down. 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. For instance, we've identified 3 warning signs for Aramark (2 shouldn't be ignored) that you should be aware of.
Aramark的股東在十二個月內獲得了30％的回報（甚至包括股息），這與總體市場回報率相差不遠。大多數人會對收益感到滿意，而今年的回報率實際上好於五年的平均回報率（9％），這很有幫助。即使股價放緩，管理層的遠見也有可能爲未來帶來增長。儘管市場狀況可能對股價產生的不同影響值得考慮，但還有其他因素更爲重要。例如，我們已經確定了 Aramark 的 3 個警告標誌（2 個不容忽視），你應該注意這些標誌。
For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
對於那些喜歡尋找中獎投資的人來說，這份最近有內幕收購的成長型公司的免費名單可能只是門票。
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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Simply Wall St的這篇文章本質上是籠統的。我們僅使用公正的方法根據歷史數據和分析師的預測提供評論，我們的文章無意作爲財務建議。它不構成買入或賣出任何股票的建議，也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本數據驅動的長期重點分析。請注意，我們的分析可能不考慮最新的價格敏感型公司公告或定性材料。簡而言之，華爾街沒有持有任何上述股票的頭寸。
譯文內容由第三人軟體翻譯。