Those Who Invested in Wendy's (NASDAQ:WEN) Five Years Ago Are up 26%
Those Who Invested in Wendy's (NASDAQ:WEN) Five Years Ago Are up 26%
The main point of investing for the long term is to make money. Better yet, you'd like to see the share price move up more than the market average. But The Wendy's Company (NASDAQ:WEN) has fallen short of that second goal, with a share price rise of 11% over five years, which is below the market return. Unfortunately the share price is down 11% in the last year.
长期投资的要点是赚钱。更好的是,你希望看到股价的上涨幅度超过市场平均水平。但是温迪公司(纳斯达克股票代码:WEN)尚未实现第二个目标,股价在五年内上涨了11%,低于市场回报率。不幸的是,去年股价下跌了11%。
Let's take a look at the underlying fundamentals over the longer term, and see if they've been consistent with shareholders returns.
让我们来看看长期的基本面,看看它们是否与股东的回报一致。
See our latest analysis for Wendy's
查看我们对 Wendy's 的最新分析
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 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.
引用巴菲特的话说:“船只将在世界各地航行,但Flat Earth Society将蓬勃发展。市场上的价格和价值之间将继续存在巨大差异...”评估公司情绪变化的一种有缺陷但合理的方法是将每股收益(EPS)与股价进行比较。
During five years of share price growth, Wendy's actually saw its EPS drop 17% per year.
在五年的股价增长中,温迪的每股收益实际上每年下降17%。
The strong decline in earnings per share suggests the market isn't using EPS to judge the company. Given that EPS is down, but the share price is up, it seems clear the market is focussed on other aspects of the business, at the moment.
每股收益的强劲下降表明市场没有使用每股收益来评判该公司。鉴于每股收益下降但股价上涨,目前市场显然将重点放在业务的其他方面。
We note that the dividend is higher than it was previously - always nice to see. It could be that the company is reaching maturity and dividend investors are buying for the yield. The revenue growth of about 7.0% per year might also encourage buyers.
我们注意到,股息比以前高——总是很高兴看到。可能是该公司即将到期,而股息投资者正在买入收益率。每年约7.0%的收入增长也可能鼓励买家。
The company's revenue and earnings (over time) are depicted in the image below (click to see the exact numbers).
公司的收入和收益(随着时间的推移)如下图所示(点击查看确切数字)。
![earnings-and-revenue-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240130/0-785187132c7f84270103202a09909ea2-0-72957a26cc6b40561111f1504a79d27c.png/big)
Wendy's is a well known stock, with plenty of analyst coverage, suggesting some visibility into future growth. So we recommend checking out this free report showing consensus forecasts
Wendy's是一只知名的股票,有大量的分析师报道,这表明未来增长有一定的可见性。因此,我们建议您查看这份显示共识预测的免费报告
What About Dividends?
分红呢?
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. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. We note that for Wendy's the TSR over the last 5 years was 26%, which is better than the share price return mentioned above. This is largely a result of its dividend payments!
在考虑投资回报时,重要的是要考虑两者之间的区别 股东总回报 (TSR) 和 股价回报。尽管股价回报率仅反映股价的变化,但股东总回报率包括股息的价值(假设已进行再投资)以及任何折扣融资或分拆的收益。因此,对于支付丰厚股息的公司来说,股东总回报率通常远高于股价回报率。我们注意到,对于温迪来说,过去5年的股东总回报率为26%,好于上述股价回报率。这在很大程度上是其股息支付的结果!
A Different Perspective
不同的视角
While the broader market gained around 22% in the last year, Wendy's shareholders lost 6.7% (even including dividends). 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. On the bright side, long term shareholders have made money, with a gain of 5% per year over half a decade. If the fundamental data continues to indicate long term sustainable growth, the current sell-off could be an opportunity worth considering. While it is well worth considering the different impacts that market conditions can have on the share price, there are other factors that are even more important. To that end, you should learn about the 3 warning signs we've spotted with Wendy's (including 1 which shouldn't be ignored) .
尽管去年整体市场上涨了约22%,但温迪的股东损失了6.7%(甚至包括股息)。即使是优质股票的股价有时也会下跌,但我们希望在过于感兴趣之前看到企业基本指标的改善。好的一面是,长期股东赚了钱,在过去的五年中,每年增长5%。如果基本面数据继续显示长期可持续增长,那么当前的抛售可能是一个值得考虑的机会。尽管市场状况可能对股价产生的不同影响值得考虑,但还有其他因素更为重要。为此,你应该了解我们在Wendy's身上发现的3个警告信号(包括一个不容忽视的警告信号)。
But note: Wendy's 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).
但请注意:温迪可能不是最值得购买的股票。因此,来看看这份过去盈利增长(以及进一步增长预测)的有趣公司的免费清单。
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on American exchanges.
请注意,本文引用的市场回报反映了目前在美国交易所交易的股票的市场加权平均回报。
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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.
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Simply Wall St的这篇文章本质上是笼统的。我们仅使用公正的方法根据历史数据和分析师的预测提供评论,我们的文章无意作为财务建议。它不构成买入或卖出任何股票的建议,也没有考虑到您的目标或财务状况。我们的目标是为您提供由基本数据驱动的长期重点分析。请注意,我们的分析可能不考虑最新的价格敏感型公司公告或定性材料。简而言之,华尔街没有持有任何上述股票的头寸。