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Investing in LKQ (NASDAQ:LKQ) Five Years Ago Would Have Delivered You a 91% Gain

Investing in LKQ (NASDAQ:LKQ) Five Years Ago Would Have Delivered You a 91% Gain

五年前投资LKQ(纳斯达克股票代码:LKQ)将为您带来91%的收益
Simply Wall St ·  03/18 07:34

The simplest way to invest in stocks is to buy exchange traded funds. But the truth is, you can make significant gains if you buy good quality businesses at the right price. For example, the LKQ Corporation (NASDAQ:LKQ) share price is 82% higher than it was five years ago, which is more than the market average. Zooming in, the stock is actually down 5.9% in the last year.

投资股票的最简单方法是购买交易所交易基金。但事实是,如果你以合适的价格购买高质量的企业,你可以获得可观的收益。例如,LKQ公司(纳斯达克股票代码:LKQ)的股价比五年前高出82%,高于市场平均水平。放大,该股去年实际上下跌了5.9%。

So let's investigate and see if the longer term performance of the company has been in line with the underlying business' progress.

因此,让我们调查一下,看看公司的长期表现是否与基础业务的进展一致。

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...' 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.

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...”通过比较每股收益(EPS)和一段时间内的股价变化,我们可以了解投资者对公司的态度是如何随着时间的推移而变化的。

Over half a decade, LKQ managed to grow its earnings per share at 18% a year. This EPS growth is higher than the 13% average annual increase in the share price. So one could conclude that the broader market has become more cautious towards the stock.

在过去的五年中,LKQ设法将其每股收益增长到每年18%。每股收益的增长高于股价年均增长13%。因此,人们可以得出结论,整个市场对该股变得更加谨慎。

You can see how EPS has changed over time in the image below (click on the chart to see the exact values).

您可以在下图中看到 EPS 随时间推移的变化(点击图表查看确切值)。

earnings-per-share-growth
NasdaqGS:LKQ Earnings Per Share Growth March 18th 2024
纳斯达克GS:LKQ每股收益增长 2024年3月18日

Before buying or selling a stock, we always recommend a close examination of historic growth trends, available here.

在买入或卖出股票之前,我们始终建议仔细研究历史增长趋势,可在此处查阅。

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. The TSR incorporates the value of any spin-offs or discounted capital raisings, along with any dividends, based on the assumption that the dividends are reinvested. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. As it happens, LKQ's TSR for the last 5 years was 91%, which exceeds the share price return mentioned earlier. And there's no prize for guessing that the dividend payments largely explain the divergence!

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。基于股息再投资的假设,股东总回报率纳入了任何分拆或贴现资本筹集的价值以及任何股息。可以说,股东总回报率更全面地描述了股票产生的回报。碰巧的是,LKQ在过去5年的股东总回报率为91%,超过了前面提到的股价回报率。而且,猜测股息支付在很大程度上解释了这种分歧是没有好处的!

A Different Perspective

不同的视角

Investors in LKQ had a tough year, with a total loss of 3.8% (including dividends), against a market gain of about 31%. 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. Longer term investors wouldn't be so upset, since they would have made 14%, each year, over five years. If the fundamental data continues to indicate long term sustainable growth, the current sell-off could be an opportunity worth considering. It's always interesting to track share price performance over the longer term. But to understand LKQ better, we need to consider many other factors. Case in point: We've spotted 3 warning signs for LKQ you should be aware of.

LKQ的投资者经历了艰难的一年,总亏损为3.8%(包括股息),而市场涨幅约为31%。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。长期投资者不会那么沮丧,因为他们本可以在五年内每年赚取14%的收入。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。长期追踪股价表现总是很有意思的。但是为了更好地理解 LKQ,我们需要考虑许多其他因素。一个很好的例子:我们发现了你应该注意的 3 个 LKQ 警告信号。

We will like LKQ better if we see some big insider buys. While we wait, check out this free list of growing companies with considerable, recent, insider buying.

如果我们看到一些重大的内幕收购,我们会更喜欢LKQ。在我们等待的同时,请查看这份免费清单,列出了最近有大量内幕收购的成长型公司。

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。

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.

对这篇文章有反馈吗?对内容感到担忧?直接联系我们。 或者,给编辑团队 (at) simplywallst.com 发送电子邮件。
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。

声明:本内容仅用作提供资讯及教育之目的,不构成对任何特定投资或投资策略的推荐或认可。 更多信息
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