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Installed Building Products' (NYSE:IBP) Five-year Total Shareholder Returns Outpace the Underlying Earnings Growth

Installed Building Products' (NYSE:IBP) Five-year Total Shareholder Returns Outpace the Underlying Earnings Growth

installed building products(紐交所:IBP)的五年總股東回報優於基本盈利增長
Simply Wall St ·  10/30 20:42

Installed Building Products, Inc. (NYSE:IBP) shareholders might be concerned after seeing the share price drop 20% in the last quarter. But that doesn't change the fact that shareholders have received really good returns over the last five years. Indeed, the share price is up an impressive 205% in that time. Generally speaking the long term returns will give you a better idea of business quality than short periods can. Only time will tell if there is still too much optimism currently reflected in the share price.

Installed Building Products,Inc.(紐交所:IBP)股東可能會對在上個季度看到股價下跌20%感到擔憂。但這並不改變股東在過去五年中獲得非常好回報的事實。事實上,股價在此期間上漲了令人印象深刻的205%。一般來說,長期回報將賦予您比短期更好的業務質量概念。只有時間將告訴我們,當前股價中是否仍存在過多樂觀情緒。

Since the long term performance has been good but there's been a recent pullback of 8.2%, let's check if the fundamentals match the share price.

由於長期表現良好,但最近有一個8.2%的回調,請讓我們看看基本面是否與股價相匹配。

To paraphrase Benjamin Graham: Over the short term the market is a voting machine, but over the long term it's a weighing machine. 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.

引用本傑明·格雷厄姆的話:短期內市場是一個投票機,但長期來看它是一個稱重機。評估公司周邊環境的情緒變化的一種有缺陷但合理的方法是將每股收益(EPS)與股價進行比較。

During five years of share price growth, Installed Building Products achieved compound earnings per share (EPS) growth of 36% per year. The EPS growth is more impressive than the yearly share price gain of 25% over the same period. So one could conclude that the broader market has become more cautious towards the stock.

在五年的股價增長期間,Installed Building Products實現了每股收益(EPS)年複合增長率爲36%。EPS增長比同一時期的每年股價上漲25%更爲引人注目。因此,人們可以得出結論稱,更廣泛的市場對這支股票變得更爲謹慎。

The company's earnings per share (over time) is depicted in the image below (click to see the exact numbers).

該公司的每股收益(隨時間的推移)如下圖所示(單擊可查看確切數字)。

big
NYSE:IBP Earnings Per Share Growth October 30th 2024
紐交所: installed building products 每股收益增長於2024年10月30日

It is of course excellent to see how Installed Building Products has grown profits over the years, but the future is more important for shareholders. You can see how its balance sheet has strengthened (or weakened) over time in this free interactive graphic.

看到安裝建築產品多年來利潤增長當然是令人振奮的,但對於股東來說,未來更重要。您可以通過這個免費互動圖形看到其資產負債表是如何隨着時間加強(或削弱)的。

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. 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. As it happens, Installed Building Products' TSR for the last 5 years was 225%, which exceeds the share price return mentioned earlier. The dividends paid by the company have thusly boosted the total shareholder return.

在考慮投資回報時,重要的是要考慮總股東回報率(TSR)和股價回報之間的區別。而股價回報僅反映了股價的變化,TSR則包括了股息的價值(假設它們被重新投資)以及任何折價增資或剝離的好處。可以說,TSR提供了更全面的股票回報圖片。事實上,安裝建築產品過去5年的TSR爲225%,超過了之前提到的股價回報。因此公司支付的股息提振了總股東回報。

A Different Perspective

不同的觀點

It's nice to see that Installed Building Products shareholders have received a total shareholder return of 96% over the last year. Of course, that includes the dividend. That's better than the annualised return of 27% over half a decade, implying that the company is doing better recently. In the best case scenario, this may hint at some real business momentum, implying that now could be a great time to delve deeper. It's always interesting to track share price performance over the longer term. But to understand Installed Building Products better, we need to consider many other factors. Take risks, for example - Installed Building Products has 1 warning sign we think you should be aware of.

看到安裝建築產品股東在過去一年獲得96%的總股東回報是件好事。當然,其中包括股息。這比過去半個世紀的年化回報率27%要好,這意味着公司最近的表現更好。在最理想的情況下,這可能暗示了一些真正的業務動力,這表明現在可能是深入了解的好時機。長期跟蹤股價表現總是很有趣。但要更好地了解安裝建築產品,我們需要考慮許多其他因素。例如,承擔風險 - 安裝建築產品有 1 個警示標誌,我們認爲您應該注意。

If you like to buy stocks alongside management, then you might just love this free list of companies. (Hint: many of them are unnoticed AND have attractive valuation).

如果您喜歡與管理層一起購買股票,那麼您可能會喜歡這個公司的免費列表。 (提示:其中許多公司不爲人注意且具有吸引力的估值。)

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.

對本文有任何反饋?對內容有任何疑慮?請直接與我們聯繫。或者,發送電子郵件至editorial-team@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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