BOK Financial's (NASDAQ:BOKF) Investors Will Be Pleased With Their 29% Return Over the Last Year
BOK Financial's (NASDAQ:BOKF) Investors Will Be Pleased With Their 29% Return Over the Last Year
Diversification is a key tool for dealing with stock price volatility. Of course, in an ideal world, all your stocks would beat the market. BOK Financial Corporation (NASDAQ:BOKF) has done well over the last year, with the stock price up 26% beating the market return of 24% (not including dividends). Unfortunately the longer term returns are not so good, with the stock falling 4.5% in the last three years.
多樣化是應對股票價格波動的關鍵工具。 當然,在理想的世界裏,你的所有股票都會超越市場。 BOK銀行(納斯達克:BOKF)在過去的一年表現良好,股票價格上漲了26%,超越了24%的市場回報(不包括分紅派息)。 不幸的是,長期回報並不理想,股票在過去三年中下跌了4.5%。
With that in mind, it's worth seeing if the company's underlying fundamentals have been the driver of long term performance, or if there are some discrepancies.
鑑於此,值得看看該公司的基本面是否一直是長期業績的驅動因素,或者是否存在一些不一致之處。
There is no denying that markets are sometimes efficient, but prices do not always reflect underlying business performance. 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).
無可否認,市場有時是有效的,但價格並不總是反映基礎業務的表現。一種檢查市場情緒隨時間變化的方法是觀察公司股價與每股收益(EPS)之間的互動。
During the last year, BOK Financial actually saw its earnings per share drop 21%.
在過去一年中,BOK銀行的每股收益實際下降了21%。
So we don't think that investors are paying too much attention to EPS. Therefore, it seems likely that investors are putting more weight on metrics other than EPS, at the moment.
所以我們認爲投資者並沒有過多關注每股收益。因此,目前看來,投資者更看重其他指標。
Revenue was pretty stable on last year, so deeper research might be needed to explain the share price rise.
營業收入與去年相比相對穩定,因此可能需要更深入的研究來解釋股價上漲的原因。
You can see how earnings and revenue have changed over time in the image below (click on the chart to see the exact values).
您可以在下面的圖像中查看收益和營業收入隨時間的變化(點擊圖表查看確切值)。
It's probably worth noting that the CEO is paid less than the median at similar sized companies. It's always worth keeping an eye on CEO pay, but a more important question is whether the company will grow earnings throughout the years. So it makes a lot of sense to check out what analysts think BOK Financial will earn in the future (free profit forecasts).
值得注意的是,這位CEO的薪酬低於同類公司中位數。監控CEO薪酬總是值得,但更重要的問題是公司是否能夠在未來幾年中提升收益。因此,查看分析師對BOK銀行未來收益的預測(免費的利潤預測)是非常有意義的。
What About Dividends?
關於分紅派息的問題
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. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. In the case of BOK Financial, it has a TSR of 29% for the last 1 year. That exceeds its share price return that we previously mentioned. The dividends paid by the company have thusly boosted the total shareholder return.
除了衡量股票價格回報外,投資者還應考慮總股東回報(TSR)。TSR是一種回報計算方式,考慮了現金分紅的價值(假設收到的任何分紅都被再投資)以及任何折扣資本籌集和分拆的計算價值。因此,對於支付豐厚分紅的公司,TSR通常遠高於股票價格回報。在BOK銀行的案例中,其過去一年TSR爲29%。這超過了我們之前提到的股票價格回報。公司支付的分紅提升了總股東回報。
A Different Perspective
不同的視角
BOK Financial shareholders have received returns of 29% over twelve months (even including dividends), which isn't far from the general market return. That gain looks pretty satisfying, and it is even better than the five-year TSR of 7% per year. It is possible that management foresight will bring growth well into the future, even if the share price slows down. Most investors take the time to check the data on insider transactions. You can click here to see if insiders have been buying or selling.
BOK銀行的股東在過去的十二個月中獲得了29%的回報(即使包括分紅派息),這與整體市場回報相差不遠。這個增益看起來相當令人滿意,甚至超出了每年7%的五年總回報率(TSR)。雖然股價可能放緩,但管理層的前瞻性可能會帶來未來的增長。大部分投資者都會花時間查看內部交易的數據。您可以點擊這裏查看內部人士是否有買入或賣出。
For those who like to find winning investments this free list of undervalued companies with recent insider purchasing, could be just the ticket.
對於喜歡尋找贏家投資的人來說,這份關於最近有內部人士購買的被低估公司的免費名單,可能正是你所需要的。
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,本文中引用的市場回報反映了當前在美國交易所上市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.
對本文有反饋?對內容有疑慮?請直接與我們聯繫。或者,發送電子郵件至 editorial-team (at) simplywallst.com。
這篇來自Simply Wall ST的文章是一般性的。我們根據歷史數據和分析師預測提供評論,採用無偏見的方法,我們的文章並不旨在提供財務建議。它不構成對任何股票的買入或賣出建議,也未考慮到您的目標或財務狀況。我們旨在爲您提供以基本數據驅動的長期分析。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在提到的任何股票中均沒有持倉。
譯文內容由第三人軟體翻譯。