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Investing in Thermo Fisher Scientific (NYSE:TMO) Five Years Ago Would Have Delivered You a 121% Gain

Investing in Thermo Fisher Scientific (NYSE:TMO) Five Years Ago Would Have Delivered You a 121% Gain

五年前投資賽默飛世爾科技(紐約證券交易所代碼:TMO)將爲您帶來121%的收益
Simply Wall St ·  05/25 03:46

When you buy a stock there is always a possibility that it could drop 100%. But on a lighter note, a good company can see its share price rise well over 100%. One great example is Thermo Fisher Scientific Inc. (NYSE:TMO) which saw its share price drive 118% higher over five years. In the last week shares have slid back 2.0%.

當你購買股票時,總是有可能會跌100%。但是說句好話,一家好公司的股價可以漲超過100%。一個很好的例子就是Thermo Fisher Scientific Inc。(紐交所:TMO),在五年內股價漲了118%。上週股票下跌了2.0%。

So let's investigate and see if the longer term performance of the company has been in line with the underlying business' progress.

那麼,讓我們調查一下並查看公司的長期表現是否符合基本業務的進展。

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。

Over half a decade, Thermo Fisher Scientific managed to grow its earnings per share at 15% a year. So the EPS growth rate is rather close to the annualized share price gain of 17% per year. This indicates that investor sentiment towards the company has not changed a great deal. Rather, the share price has approximately tracked EPS growth.

在半個世紀的時間裏,賽默飛世爾成功地使其每股收益增長了15%。因此,EPS增長率與每年17%的股價增長率相當接近。這表明投資者對公司的情緒沒有發生太大變化。相反,股價大致跟蹤EPS的增長。

You can see below how EPS has changed over time (discover the exact values by clicking on the image).

下面可以看到每股收益隨時間的變化情況(通過點擊圖像來查看確切數值)。

earnings-per-share-growth
NYSE:TMO Earnings Per Share Growth May 24th 2024
紐交所:TMO每股收益增長至2024年5月24日。

Before buying or selling a stock, we always recommend a close examination of historic growth trends, available here.

在購買或出售股票之前,我們始終建議仔細研究歷史增長趨勢,此處提供。

What About Dividends?

那麼分紅怎麼樣呢?

When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. 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. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. As it happens, Thermo Fisher Scientific's TSR for the last 5 years was 121%, which exceeds the share price return mentioned earlier. This is largely a result of its dividend payments!

在考慮投資回報時,重要的是考慮總股東回報(TSR)和股票回報之間的差異。 TSR包括任何剝離或折讓的資本籌集(基於股息被重新投資的假設),以及任何股息。因此,對於支付慷慨的股息公司而言,TSR通常比股票回報高得多。就中國神威藥業集團而言,其TSR在過去5年中達到了75%。這超過了我們之前提到的股票回報。該公司支付的股息已經提高了總股東回報。總股東回報股票回報TSR是一種考慮到現金股利價值(假設收到的任何股息都被再投資)以及任何折價的資本籌集和分拆的計算價值的回報計算。可以說,TSR給出了股票產生的更全面的回報圖景。實際上,賽默飛世爾科技過去5年的TSR爲121%,超過了前面提到的股票回報。這在很大程度上是其股息支付的結果!

A Different Perspective

不同的觀點

Thermo Fisher Scientific provided a TSR of 13% over the last twelve months. But that return falls short of the market. It's probably a good sign that the company has an even better long term track record, having provided shareholders with an annual TSR of 17% over five years. It's quite possible the business continues to execute with prowess, even as the share price gains are slowing. 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. Consider risks, for instance. Every company has them, and we've spotted 1 warning sign for Thermo Fisher Scientific you should know about.

賽默飛世爾在過去的十二個月中提供了13%的TSR。但這個回報低於市場水平。很可能這家公司有一個更好的長期業績記錄,過去五年爲股東提供了每年17%的TSR。儘管股票回報正在放緩,但業務繼續表現出色可能是一個好跡象。我認爲通過長期的股票價格作爲業務績效的代理來觀察非常有趣。但要真正獲得洞察力,我們還需要考慮其他信息。比如考慮風險。每個公司都有風險,而我們已經發現了一些賽默飛世爾的警示信號,你需要知道。

Of course Thermo Fisher Scientific may not be the best stock to buy. So you may wish to see this free collection of growth stocks.

當然,賽默飛世爾科技不一定是最好買的股票。因此,您可能希望查看這個免費的成長股收藏。

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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