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Johnson Controls International (NYSE:JCI) Stock Performs Better Than Its Underlying Earnings Growth Over Last Five Years

Johnson Controls International (NYSE:JCI) Stock Performs Better Than Its Underlying Earnings Growth Over Last Five Years

江森自控國際(紐約證券交易所代碼:JCI)股票表現好於過去五年的基礎收益增長
Simply Wall St ·  05/24 01:41

If you want to compound wealth in the stock market, you can do so by buying an index fund. But in our experience, buying the right stocks can give your wealth a significant boost. For example, the Johnson Controls International plc (NYSE:JCI) share price is up 91% in the last five years, slightly above the market return. It's also good to see a healthy gain of 20% in the last year.

如果你想在股票市場上增加財富,你可以通過購買指數基金來實現。但是根據我們的經驗,購買合適的股票可以顯著增加您的財富。例如,江森自控國際有限公司(紐約證券交易所代碼:JCI)的股價在過去五年中上漲了91%,略高於市場回報率。去年也很高興看到20%的健康增長。

Since the stock has added US$3.4b to its market cap in the past week alone, let's see if underlying performance has been driving long-term returns.

由於該股僅在過去一週的市值就增加了34億美元,因此讓我們看看基礎表現是否推動了長期回報。

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,但價格並不總是能反映潛在的業務表現。考慮市場對公司的看法發生了怎樣的變化的一種不完美但簡單的方法是將每股收益(EPS)的變化與股價走勢進行比較。

Over half a decade, Johnson Controls International managed to grow its earnings per share at 10% a year. This EPS growth is slower than the share price growth of 14% per year, over the same period. So it's fair to assume the market has a higher opinion of the business than it did five years ago. And that's hardly shocking given the track record of growth.

在過去的五年中,江森自控國際設法將其每股收益增長到每年10%。每股收益的增長低於同期每年14%的股價增長。因此,可以公平地假設市場對該業務的看法比五年前更高。考慮到增長的記錄,這並不令人震驚。

The image below shows how EPS has tracked over time (if you click on the image you can see greater detail).

下圖顯示了 EPS 在一段時間內的跟蹤情況(如果你點擊圖片,你可以看到更多細節)。

earnings-per-share-growth
NYSE:JCI Earnings Per Share Growth May 23rd 2024
紐約證券交易所:JCI 每股收益增長 2024 年 5 月 23 日

We know that Johnson Controls International has improved its bottom line lately, but is it going to grow revenue? This free report showing analyst revenue forecasts should help you figure out if the EPS growth can be sustained.

我們知道江森自控國際最近提高了利潤,但它會增加收入嗎?這份顯示分析師收入預測的免費報告應幫助您弄清楚每股收益的增長是否可以持續。

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 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. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. As it happens, Johnson Controls International's TSR for the last 5 years was 116%, which exceeds the share price return mentioned earlier. And there's no prize for guessing that the dividend payments largely explain the divergence!

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。股東總回報率是一種回報計算方法,它考慮了現金分紅的價值(假設收到的任何股息都經過再投資)以及任何貼現資本籌集和分拆的計算價值。因此,對於支付豐厚股息的公司來說,股東總回報率通常遠高於股價回報率。碰巧的是,江森自控國際過去5年的股東總回報率爲116%,超過了前面提到的股價回報率。而且,猜測股息支付在很大程度上解釋了這種分歧是沒有好處的!

A Different Perspective

不同的視角

Johnson Controls International provided a TSR of 24% over the last twelve months. 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 17% over half a decade This suggests the company might be improving over time. 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. Like risks, for instance. Every company has them, and we've spotted 3 warning signs for Johnson Controls International (of which 1 doesn't sit too well with us!) you should know about.

在過去的十二個月中,江森自控國際的股東總回報率爲24%。不幸的是,這沒有達到市場回報率。好的一面是,這仍然是一個收益,實際上比五年來17%的平均回報率要好。這表明該公司可能會隨着時間的推移而有所改善。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。比如風險。每家公司都有它們,我們發現了江森自控國際的3個警告標誌(其中1個對我們來說不太合適!)你應該知道。

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of companies we expect will grow earnings.

當然,通過尋找其他地方,你可能會找到一筆不錯的投資。因此,請看一下我們預計收益將增加的這份免費公司名單。

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。

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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