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Investing in Regal Rexnord (NYSE:RRX) Five Years Ago Would Have Delivered You a 138% Gain

Investing in Regal Rexnord (NYSE:RRX) Five Years Ago Would Have Delivered You a 138% Gain

五年前投資富豪雷克斯諾(紐約證券交易所代碼:RRX)將爲您帶來138%的收益
Simply Wall St ·  05/22 03:29

The most you can lose on any stock (assuming you don't use leverage) is 100% of your money. But on the bright side, if you buy shares in a high quality company at the right price, you can gain well over 100%. Long term Regal Rexnord Corporation (NYSE:RRX) shareholders would be well aware of this, since the stock is up 115% in five years. In the last week shares have slid back 1.3%.

任何股票的最大虧損(假設您不使用槓桿)都是您的本金的100%。但是好的是,如果您以正確的價格購買高質量公司的股份,您可以獲得遠高於100%的回報。長揸Regal Rexnord Corporation(紐交所:RRX)的股東非常清楚,因爲這隻股票在過去五年中漲了115%。在過去一週中,股價下跌了1.3%。

Now it's worth having a look at the company's fundamentals too, because that will help us determine if the long term shareholder return has matched the performance of the underlying business.

現在值得更詳細地了解該公司的基本面,因爲這將幫助我們判斷長期股東回報是否與基礎業務的表現相匹配。

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。

During five years of share price growth, Regal Rexnord actually saw its EPS drop 18% per year. This was, in part, due to extraordinary items impacting earning in the last twelve months.

在五年的股價增長期間,Regal Rexnord的每股收益實際上下降了每年18%。這在一定程度上是由於過去12個月中影響盈利的非常規項目。

Essentially, it doesn't seem likely that investors are focused on EPS. Because earnings per share don't seem to match up with the share price, we'll take a look at other metrics instead.

基本上,投資者似乎並未關注每股收益。因爲每股收益似乎與股價不匹配,所以我們將查看其他指標。

We doubt the modest 0.9% dividend yield is attracting many buyers to the stock. In contrast revenue growth of 16% per year is probably viewed as evidence that Regal Rexnord is growing, a real positive. It's quite possible that management are prioritizing revenue growth over EPS growth at the moment.

我們懷疑僅有的0.9%股息收益率未能吸引太多股票購買者。相比之下,每年16%的營業收入增長很可能被視爲Regal Rexnord正在增長的證據,這是一個真正的積極因素。目前,管理層可能更注重營收增長而非每股收益的增長。

You can see below how earnings and revenue have changed over time (discover the exact values by clicking on the image).

您可以看到以下收益和營收的變化情況(通過單擊圖像了解精確值)。

earnings-and-revenue-growth
NYSE:RRX Earnings and Revenue Growth May 21st 2024
紐交所:RRX收益和營業收入增長2024年5月21日

We consider it positive that insiders have made significant purchases in the last year. Even so, future earnings will be far more important to whether current shareholders make money. You can see what analysts are predicting for Regal Rexnord in this interactive graph of future profit estimates.

我們認爲內部人士在過去一年中進行的重大購買是積極的。即便如此,未來的盈利對於當前股東是否獲利更爲重要。您可以看到分析師對Regal Rexnord未來利潤估計的交互式圖表。

What About Dividends?

那麼分紅怎麼樣呢?

It is important to consider the total shareholder return, as well as the share price return, for any given stock. 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. We note that for Regal Rexnord the TSR over the last 5 years was 138%, which is better than the share price return mentioned above. This is largely a result of its dividend payments!

考慮股票的總股東回報和股票價格回報同樣重要。TSR是一個回報計算,考慮到現金股利的價值(假設任何收到的股息已被重新投資)以及任何貼現的資本出售和分拆的計算價值。可以說,TSR爲支付股息的股票提供了更完整的圖畫。我們注意到,對於Regal Rexnord而言,過去5年的TSR爲138%,比上述股票價格回報更好。這在很大程度上是其股息支付的結果!

A Different Perspective

不同的觀點

Regal Rexnord shareholders are up 21% for the year (even including dividends). Unfortunately this falls short of the market return. On the bright side, that's still a gain, and it's actually better than the average return of 19% over half a decade This suggests the company might be improving over time. I find it very interesting to look at share price over the long term as a proxy for business performance. But to truly gain insight, we need to consider other information, too. Take risks, for example - Regal Rexnord has 1 warning sign we think you should be aware of.

紐交所Regal Rexnord股東在今年已經獲利了21%,即使包括股息在內。不幸的是,這仍然落後於市場回報。但好的是,這仍然是收益,並且實際上優於5年內平均收益19%。這表明公司可能正在逐漸改善。我認爲長期股票價格是業務績效的代理非常有趣。但是要真正獲得洞察力,我們還需要考慮其他信息。例如承擔風險-Regal Rexnord有1個警告信號我們認爲您應該注意。

Regal Rexnord is not the only stock insiders are buying. So take a peek at this free list of small cap companies at attractive valuations which insiders have been buying.

Regal Rexnord不是內部人士購買的唯一股票。因此,請查看這份免費的小盤公司名單,這些公司以有吸引力的估值購買了內部人士的股票。

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。

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?關於內容有所顧慮?直接和我們聯繫。或者,發送電子郵件至editorial-team (at) simplywallst.com。
這篇文章是Simply Wall St的一般性文章。我們根據歷史數據和分析師預測提供評論,只使用公正的方法論,我們的文章並不意味着提供任何金融建議。文章不構成買賣任何股票的建議,也不考慮您的目標或您的財務狀況。我們的目標是帶給您基本數據驅動的長期關注分析。請注意,我們的分析可能不考慮最新的價格敏感公司公告或定性材料。Simply Wall St沒有任何股票頭寸。

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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