Hubbell's (NYSE:HUBB) Five-year Earnings Growth Trails the 28% YoY Shareholder Returns
Hubbell's (NYSE:HUBB) Five-year Earnings Growth Trails the 28% YoY Shareholder Returns
The most you can lose on any stock (assuming you don't use leverage) is 100% of your money. But on a lighter note, a good company can see its share price rise well over 100%. For example, the Hubbell Incorporated (NYSE:HUBB) share price has soared 204% in the last half decade. Most would be very happy with that. And in the last week the share price has popped 3.4%. But this might be partly because the broader market had a good week last week, gaining 1.6%.
任何股票（假設您不使用槓桿）最多損失100％的資金。但是值得一提的是，優秀的公司的股票價格可能會上漲100％以上。例如，Hubbell Incorporated（紐交所：HUBB）的股價在過去的五年中飆升了204％。大多數人會感到非常滿意。在過去的一週中，股票價格上漲了3.4％。但這可能部分原因是上週整個市場表現良好，上漲1.6％。
After a strong gain in the past week, it's worth seeing if longer term returns have been driven by improving fundamentals.
在過去的一週之內，獲得的強勁收益是否表明了長期回報受到基本面的推動值得關注。
While the efficient markets hypothesis continues to be taught by some, it has been proven that markets are over-reactive dynamic systems, and investors are not always rational. By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time.
儘管一些人繼續教授有效市場假說，但已經證明市場是過度反應的動態系統，並且投資者並不總是理性的。通過比較每股收益（EPS）和股價的變化情況，我們可以了解投資者對公司的態度如何隨着時間變化而變化。
During five years of share price growth, Hubbell achieved compound earnings per share (EPS) growth of 15% per year. This EPS growth is slower than the share price growth of 25% 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.
在股價增長的五年期間，Hubbell實現了複合每股收益（EPS）增長率爲15％。這一EPS增長率較同期每年25％的股價增長率要慢。因此可以合理地認爲市場對該公司的看法比五年前更高，這並不令人驚訝，考慮到增長的業績記錄。
The graphic below depicts how EPS has changed over time (unveil the exact values by clicking on the image).
下圖顯示了EPS隨時間變化的情況（點擊圖像以顯示確切值）。
It's probably worth noting we've seen significant insider buying in the last quarter, which we consider a positive. On the other hand, we think the revenue and earnings trends are much more meaningful measures of the business. This free interactive report on Hubbell's earnings, revenue and cash flow is a great place to start, if you want to investigate the stock further.
值得注意的是，在過去的一個季度裏，我們看到了重要的內部買入，這是一個積極的信號。另一方面，我們認爲營收和盈利趨勢是業務的更有意義的指標。如果您想進一步調查該股票，可以免費交互式地查看Hubbell的收益，營收和現金流報告，這是一個很好的起點。
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. Whereas the share price return only reflects the change in the share price, the TSR includes the value of dividends (assuming they were reinvested) and the benefit of any discounted capital raising or spin-off. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. In the case of Hubbell, it has a TSR of 237% for the last 5 years. That exceeds its share price return that we previously mentioned. And there's no prize for guessing that the dividend payments largely explain the divergence!
對於任何給定的股票，考慮股東總回報以及股價回報都很重要。而股價回報僅反映了股價的變化，股東總回報則包括了分紅派息（假設它們被再投資）的價值和任何折價的資本增發或股票分拆的好處。可以說，股東總回報給出了更全面的股票回報圖景。對於哈勃集團而言，它在過去5年中的股東總回報率（TSR）爲237％。這超過了我們之前提到的股價回報。而且可以毫不費力地猜測，股息支付在很大程度上解釋了這種差異！
A Different Perspective
不同的觀點
Hubbell shareholders are up 21% for the year (even including dividends). Unfortunately this falls short of the market return. 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 28% over five years. It may well be that this is a business worth popping on the watching, given the continuing positive reception, over time, from the market. It's always interesting to track share price performance over the longer term. But to understand Hubbell better, we need to consider many other factors. For example, we've discovered 2 warning signs for Hubbell that you should be aware of before investing here.
哈勃集團的股東們在今年賺了21％（包括分紅）。不幸的是，這低於市場回報。這可能是一個積極的跡象，因爲該公司有更好的長期業績，過去五年股東年均總回報率爲28％。鑑於市場對該股票的持續積極評價，這可能是一個值得留意的企業。長期跟蹤股價表現總是很有趣的。但要更好地了解哈勃集團，我們需要考慮許多其他因素。例如，我們已發現2個有關哈勃集團的警示信號，您需要在在此投資前知道。
Hubbell 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.
哈勃集團不是唯一一家內部人員在購買的股票。所以，看看這個免費的小盤公司列表，這些股票具有吸引力的估值，內部人員一直在購買。
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。