Those Who Invested in Otter Tail (NASDAQ:OTTR) Three Years Ago Are up 103%
Those Who Invested in Otter Tail (NASDAQ:OTTR) Three Years Ago Are up 103%
By buying an index fund, you can roughly match the market return with ease. But if you buy good businesses at attractive prices, your portfolio returns could exceed the average market return. Just take a look at Otter Tail Corporation (NASDAQ:OTTR), which is up 88%, over three years, soundly beating the market return of 13% (not including dividends). On the other hand, the returns haven't been quite so good recently, with shareholders up just 23%, including dividends.
通过购买指数基金,您可以轻松地大致匹配市场回报。但是,如果您以优惠的价格购买优秀企业,您的投资组合收益可能会超过平均市场回报。只需看看奥特泰尔公司(NASDAQ:OTTR),在三年时间内涨幅达88%,大幅超过市场回报13%(不包括股息)。另一方面,股东的回报最近并不那么好,包括股息在内仅为23%。
So let's investigate and see if the longer term performance of the company has been in line with the underlying business' progress.
那么,让我们调查一下并查看公司的长期表现是否符合基本业务的进展。
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 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).
用本杰明·格雷厄姆的话来说:“短期市场是一台投票机,但长期市场是一台称重机”。检查市场情绪如何随时间推移变化的一种方式是查看公司股价和每股收益(EPS)之间的相互作用。
Otter Tail was able to grow its EPS at 43% per year over three years, sending the share price higher. This EPS growth is higher than the 24% average annual increase in the share price. Therefore, it seems the market has moderated its expectations for growth, somewhat.
奥特泰尔公司成功地使其每股收益在三年内增长了43%,从而推高了股价。这种每股收益增长高于股价平均每年增长24%。因此,市场似乎已经在一定程度上缓和了对增长的期望。
The company's earnings per share (over time) is depicted in the image below (click to see the exact numbers).
该公司的每股收益(随时间的推移)如下图所示(单击可查看确切数字)。
![earnings-per-share-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240524/0-cf61cb8d3d388a902a7293106f9978e0-0-acfd4d399780925289dc57b7466ba8d0.png/big)
We know that Otter Tail has improved its bottom line over the last three years, but what does the future have in store? If you are thinking of buying or selling Otter Tail stock, you should check out this FREE detailed report on its balance sheet.
我们知道奥特泰尔在过去三年中改善了其底线,但未来有什么预期呢?如果您正在考虑购买或出售奥特泰尔股票,则应查看其资产负债表的免费详细报告。
What About Dividends?
那么分红怎么样呢?
It is important to consider the total shareholder return, as well as the share price return, for any given stock. 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. In the case of Otter Tail, it has a TSR of 103% for the last 3 years. That exceeds its share price return that we previously mentioned. This is largely a result of its dividend payments!
考虑到任何给定股票的总股东回报率以及股价回报率都非常重要。TSR包括任何剥离或折扣募资的价值及任何股息,但假定股息已被再投资。可以说,TSR提供了交易产生的综合回报的更全面的图片。对于奥特泰尔而言,在过去3年中,其TSR为103%。这超过了我们先前提到的股价回报。这在很大程度上是其股息支付的结果!
A Different Perspective
不同的观点
Otter Tail provided a TSR of 23% over the last twelve months. Unfortunately this falls short of the market return. The silver lining is that the gain was actually better than the average annual return of 16% per year over five year. This suggests the company might be improving over time. 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. Consider for instance, the ever-present spectre of investment risk. We've identified 2 warning signs with Otter Tail (at least 1 which shouldn't be ignored) , and understanding them should be part of your investment process.
奥特泰尔在过去12个月中提供了23%的股东回报,但不幸的是这低于市场回报。好消息是,这种收益实际上比过去5年每年的平均回报16%更高。这表明公司可能正在逐步改善。虽然考虑市场状况对股价的影响非常值得,但其他因素更加重要。例如始终存在的投资风险。我们已经确认了奥特泰尔的2个警告信号(其中至少有1个不能被忽视),了解它们应该是您投资过程的一部分。
If you are like me, then you will not want to miss this free list of undervalued small caps that insiders are buying.
如果您像我一样,就不会希望错过这份免费的内部人士正在购买的低估小市值股票列表。
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,本文所引述的市场回报反映了目前在美国交易所上市的股票的市场加权平均回报。
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这篇文章是Simply Wall St的一般性文章。我们根据历史数据和分析师预测提供评论,只使用公正的方法论,我们的文章并不意味着提供任何金融建议。文章不构成买卖任何股票的建议,也不考虑您的目标或您的财务状况。我们的目标是带给您基本数据驱动的长期关注分析。请注意,我们的分析可能不考虑最新的价格敏感公司公告或定性材料。Simply Wall St没有任何股票头寸。