Investors Three-year Losses Continue as Helen of Troy (NASDAQ:HELE) Dips a Further 3.6% This Week, Earnings Continue to Decline
Investors Three-year Losses Continue as Helen of Troy (NASDAQ:HELE) Dips a Further 3.6% This Week, Earnings Continue to Decline
While not a mind-blowing move, it is good to see that the Helen of Troy Limited (NASDAQ:HELE) share price has gained 17% in the last three months. But only the myopic could ignore the astounding decline over three years. To wit, the share price sky-dived 75% in that time. So we're relieved for long term holders to see a bit of uplift. But the more important question is whether the underlying business can justify a higher price still.
雖然不是一個令人驚歎的舉動,但很高興看到海倫特洛伊家電有限公司(NASDAQ: HELE)的股價在過去三個月內上漲了17%。但只有目光短淺的人才會忽略三年來驚人的下跌。 換句話說,在那段時間裏,股價暴跌了75%。因此,我們爲長揸者看到股價有所提振感到欣慰。但更重要的問題是基礎業務是否能夠證明股價仍然能夠更高。
If the past week is anything to go by, investor sentiment for Helen of Troy isn't positive, so let's see if there's a mismatch between fundamentals and the share price.
如果過去一週是一個指引,對海倫特洛伊家電的投資者情緒並不樂觀,所以讓我們看看基本面和股價之間是否存在不匹配。
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。
Helen of Troy saw its EPS decline at a compound rate of 11% per year, over the last three years. This reduction in EPS is slower than the 37% annual reduction in the share price. So it's likely that the EPS decline has disappointed the market, leaving investors hesitant to buy. The less favorable sentiment is reflected in its current P/E ratio of 10.07.
在過去三年中,海倫特洛伊的每股收益以每年11%的複合速度下降。這種每股收益的減少速度比股價每年下降37%的速度要慢。因此,很可能每股收益的下降讓市場失望,使投資者不願購買。這種不利的情緒反映在其當前的市盈率爲10.07。
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 that the CEO is paid less than the median at similar sized companies. But while CEO remuneration is always worth checking, the really important question is whether the company can grow earnings going forward. Dive deeper into the earnings by checking this interactive graph of Helen of Troy's earnings, revenue and cash flow.
值得注意的是,CEO的薪酬低於類似規模公司中位數。 但是,雖然CEO的薪酬值得關注,但真正重要的問題是公司是否能夠持續增長收益。通過查看海倫特洛伊公司的收益、營業收入和現金流的互動圖,深入了解收益情況。
A Different Perspective
另一種看法
Helen of Troy shareholders are down 37% for the year, but the market itself is up 38%. Even the share prices of good stocks drop sometimes, but we want to see improvements in the fundamental metrics of a business, before getting too interested. Regrettably, last year's performance caps off a bad run, with the shareholders facing a total loss of 10% per year over five years. We realise that Baron Rothschild has said investors should "buy when there is blood on the streets", but we caution that investors should first be sure they are buying a high quality business. It's always interesting to track share price performance over the longer term. But to understand Helen of Troy better, we need to consider many other factors. Consider for instance, the ever-present spectre of investment risk. We've identified 1 warning sign with Helen of Troy , and understanding them should be part of your investment process.
海倫特洛伊的股東今年下跌了37%,但市場本身上漲了38%。即使優質股票的股價有時也會下跌,但我們希望看到業務基本指標的改善,然後再產生興趣。遺憾的是,去年的表現爲糟糕階段,股東們面臨着近五年每年總損失10%。我們意識到巴倫·羅斯柴爾德曾說過投資者應該「在街上有血的時候買入」,但我們警告投資者在購買高質量業務之前應該先確定。跟蹤長期的股價表現總是很有趣。但要更好地了解海倫特洛伊,我們需要考慮許多其他因素。例如,考慮投資風險的永恒幽靈。我們已經確認海倫特洛伊存在1個警示信號,了解它們應該成爲您投資的一部分。
Of course Helen of Troy may not be the best stock to buy. So you may wish to see this free collection of growth stocks.
當然,海倫特洛伊可能不是最好的股票選擇。因此,您可能希望查看這些免費的成長股集合。
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。
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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?對內容感到擔憂嗎?請直接與我們聯繫。或者,發送電子郵件至editorial-team @ simplywallst.com。
Simply Wall St的這篇文章是一般性質的。我們僅基於歷史數據和分析師預測提供評論,使用公正的方法,我們的文章並非意在提供財務建議。這並不構成買入或賣出任何股票的建議,並且不考慮您的目標或財務狀況。我們旨在爲您帶來基於基礎數據驅動的長期聚焦分析。請注意,我們的分析可能未考慮最新的價格敏感公司公告或定性材料。Simply Wall St對提及的任何股票都沒有持倉。
譯文內容由第三人軟體翻譯。