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The Total Return for Stock Yards Bancorp (NASDAQ:SYBT) Investors Has Risen Faster Than Earnings Growth Over the Last Five Years

The Total Return for Stock Yards Bancorp (NASDAQ:SYBT) Investors Has Risen Faster Than Earnings Growth Over the Last Five Years

在過去五年中,Stock Yards Bancorp(納斯達克股票代碼:SYBT)投資者的總回報率增長速度超過了收益的增長
Simply Wall St ·  04/18 22:48

It hasn't been the best quarter for Stock Yards Bancorp, Inc. (NASDAQ:SYBT) shareholders, since the share price has fallen 11% in that time. On the bright side the share price is up over the last half decade. In that time, it is up 22%, which isn't bad, but is below the market return of 82%. While the long term returns are impressive, we do have some sympathy for those who bought more recently, given the 16% drop, in the last year.

對於Stock Yards Bancorp, Inc.(納斯達克股票代碼:SYBT)股東來說,這並不是最好的季度,因爲當時股價已經下跌了11%。好的一面是,在過去的五年中,股價上漲。在此期間,它上漲了22%,這還不錯,但低於82%的市場回報率。儘管長期回報令人印象深刻,但鑑於去年下降了16%,我們對最近買入的人有些同情。

Since the long term performance has been good but there's been a recent pullback of 4.0%, let's check if the fundamentals match the share price.

由於長期表現良好,但最近回調了4.0%,因此讓我們來看看基本面是否與股價相符。

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.

雖然市場是一種強大的定價機制,但股價反映了投資者的情緒,而不僅僅是潛在的業務表現。評估公司情緒變化的一種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, Stock Yards Bancorp achieved compound earnings per share (EPS) growth of 8.4% per year. The EPS growth is more impressive than the yearly share price gain of 4% over the same period. So it seems the market isn't so enthusiastic about the stock these days. The reasonably low P/E ratio of 11.54 also suggests market apprehension.

在五年的股價增長中,Stock Yards Bancorp實現了每年8.4%的複合每股收益(EPS)增長。每股收益的增長比同期4%的年股價漲幅更令人印象深刻。因此,如今市場似乎對該股並不那麼熱情。11.54的相當低的市盈率也表明了市場的擔憂。

You can see how EPS has changed over time in the image below (click on the chart to see the exact values).

您可以在下圖中看到 EPS 隨時間推移的變化(點擊圖表查看確切值)。

earnings-per-share-growth
NasdaqGS:SYBT Earnings Per Share Growth April 18th 2024
納斯達克GS:SYBT每股收益增長 2024年4月18日

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 Stock Yards Bancorp's earnings, revenue and cash flow is a great place to start, if you want to investigate the stock further.

我們很高興地向大家報告,首席執行官的薪酬比資本相似公司的大多數首席執行官要適中。但是,儘管首席執行官的薪酬總是值得檢查的,但真正重要的問題是公司未來能否增加收益。如果你想進一步調查股票,這份關於Stock Yards Bancorp收益、收入和現金流的免費互動報告是一個很好的起點。

What About Dividends?

分紅呢?

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. As it happens, Stock Yards Bancorp's TSR for the last 5 years was 38%, which exceeds the share price return mentioned earlier. The dividends paid by the company have thusly boosted the total shareholder return.

重要的是要考慮任何給定股票的股東總回報率和股價回報率。基於股息再投資的假設,股東總回報率納入了任何分拆或貼現資本籌集的價值以及任何股息。可以公平地說,股東總回報率爲支付股息的股票提供了更完整的畫面。碰巧的是,Stock Yards Bancorp在過去5年的股東總回報率爲38%,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 股東回報。

A Different Perspective

不同的視角

Stock Yards Bancorp shareholders are down 13% for the year (even including dividends), but the market itself is up 23%. 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. On the bright side, long term shareholders have made money, with a gain of 7% per year over half a decade. If the fundamental data continues to indicate long term sustainable growth, the current sell-off could be an opportunity worth considering. 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. Consider risks, for instance. Every company has them, and we've spotted 1 warning sign for Stock Yards Bancorp you should know about.

Stock Yards Bancorp的股東今年下跌了13%(甚至包括股息),但市場本身上漲了23%。即使是優質股票的股價有時也會下跌,但我們希望在過於感興趣之前看到企業基本指標的改善。好的一面是,長期股東賺了錢,在過去的五年中,每年增長7%。如果基本面數據繼續顯示長期可持續增長,那麼當前的拋售可能是一個值得考慮的機會。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,考慮風險。每家公司都有它們,我們發現了一個你應該知道的Stock Yards Bancorp的警告標誌。

Of course Stock Yards Bancorp may not be the best stock to buy. So you may wish to see this free collection of growth stocks.

當然,Stock Yards Bancorp可能不是最值得購買的股票。因此,您可能希望看到這批免費的成長股。

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。

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.

對這篇文章有反饋嗎?對內容感到擔憂?直接聯繫我們。 或者,給編輯團隊 (at) simplywallst.com 發送電子郵件。
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。


以上內容僅用作資訊或教育之目的,不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。
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