Investing in Federal Signal (NYSE:FSS) Five Years Ago Would Have Delivered You a 237% Gain
Investing in Federal Signal (NYSE:FSS) Five Years Ago Would Have Delivered You a 237% Gain
The worst result, after buying shares in a company (assuming no leverage), would be if you lose all the money you put in. But when you pick a company that is really flourishing, you can make more than 100%. For example, the Federal Signal Corporation (NYSE:FSS) share price has soared 223% in the last half decade. Most would be very happy with that. In the last week shares have slid back 2.3%.
購買一家公司的股票後的最壞成果（假設沒有槓桿）就是失去您投入的所有資金。但是當您選擇一個確實蓬勃發展的公司時，您可以創業板獲得超過100％的回報。一個很好的例子是HubSpot，Inc.（紐交所：HUBS），其股價在五年內上漲了249％。但上週下跌了6.6％。獲得100%以上的利潤。例如，紐交所:FSS的聯邦信號公司股價在過去的五年中飆升了223％，大多數人會對此非常滿意。但在上週，股價下跌了2.3％。
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。
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...' One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS).
引用巴菲特的話，“船隻會在世界各地航行，但扁平地球協會將空前盛行。市場上的價格和價值將繼續存在巨大差異… ”檢查市場情緒如何隨時間變化的一種方法是查看公司的股價與每股收益（EPS）之間的互動。
Over half a decade, Federal Signal managed to grow its earnings per share at 13% a year. This EPS growth is slower than the share price growth of 26% 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. That's not necessarily surprising considering the five-year track record of earnings growth.
在過去的五年中，創業板:FSS每股收益以13％的年增長率增長。儘管與相同期間每年26％的股價增長相比，這種每股收益增長較慢，但公衆對業務，相比五年前，仍有更高的評價，這並不奇怪，考慮到過去五年收益增長的記錄，相當值得期待。
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）。
We know that Federal Signal has improved its bottom line lately, but is it going to grow revenue? You could check out this free report showing analyst revenue forecasts.
我們知道，聯邦信號公司的底線有所改善，但它將增加營業收入嗎? 您可以查看此免費報告了解分析師的營收預測。
What About Dividends?
那麼分紅怎麼樣呢？
As well as measuring the share price return, investors should also consider the total shareholder return (TSR). 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. We note that for Federal Signal the TSR over the last 5 years was 237%, which is better than the share price return mentioned above. The dividends paid by the company have thusly boosted the total shareholder return.
除了計算股價回報率之外，投資者還應考慮總股東回報率(TSR)。TSR是一個回報率計算，它考慮到現金股息的價值(假設已經再投資任何獲得的股息)，以及任何折現的增資和剝離的計算價值。可以說，TSR給出了一種更全面的股票回報率圖。我們注意到，在過去的5年中，聯邦信號公司的TSR爲237％，比上面提到的股價回報率更好。公司支付的分紅增加了股東的回報率。總股東回報。
A Different Perspective
不同的觀點
We're pleased to report that Federal Signal shareholders have received a total shareholder return of 35% over one year. Of course, that includes the dividend. Since the one-year TSR is better than the five-year TSR (the latter coming in at 28% per year), it would seem that the stock's performance has improved in recent times. In the best case scenario, this may hint at some real business momentum, implying that now could be a great time to delve deeper. If you would like to research Federal Signal in more detail then you might want to take a look at whether insiders have been buying or selling shares in the company.
我們很高興地報告聯邦信號公司的股東在一年內獲得了35％的總股東回報率，當然包括股息。由於一年的TSR比五年的TSR(後者爲每年28％)更好，似乎該股的表現在最近有所提高。在最好的情況下，這可能暗示着一些真正的業務勢頭，這意味着現在可能是深入了解公司的好時機。如果您想更詳細地研究聯邦信號公司，則可以查看公司內部人員是否在買賣公司股票。
But note: Federal Signal may not be the best stock to buy. So take a peek at this free list of interesting companies with past earnings growth (and further growth forecast).
但是請注意：聯邦信號公司可能不是最好的股票購買選擇。因此，請看一下這份免費的感興趣公司列表，其中涵蓋了過去的收益增長(和進一步的增長預測)資訊。
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。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
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@simplywallst.com。
譯文內容由第三人軟體翻譯。