The Total Return for Mueller Water Products (NYSE:MWA) Investors Has Risen Faster Than Earnings Growth Over the Last Five Years
The Total Return for Mueller Water Products (NYSE:MWA) Investors Has Risen Faster Than Earnings Growth Over the Last Five Years
If you want to compound wealth in the stock market, you can do so by buying an index fund. But the truth is, you can make significant gains if you buy good quality businesses at the right price. For example, the Mueller Water Products, Inc. (NYSE:MWA) share price is up 84% in the last five years, slightly above the market return. Zooming in, the stock is up a respectable 19% in the last year.
如果想在股市中复利增长财富,您可以通过购买指数基金来实现。但事实是,如果您在正确的价格上购买优质企业,也可以获得显著收益。例如,Mueller Water Products股票在过去五年中上涨了84%,略高于市场回报率。具体而言,这只股票在过去一年的上涨率为19%,相当可观。
In light of the stock dropping 3.4% in the past week, we want to investigate the longer term story, and see if fundamentals have been the driver of the company's positive five-year return.
考虑到股票在过去一周内下跌了3.4%,我们想调查更长期的情况,并查看公司的五年回报率是否是基本面的推动因素。
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. 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.
虽然一些人仍然在教授高效市场假说,但已经证明市场是过度反应的动态系统,投资者不总是理性的。一种有缺陷但合理的评估公司情绪变化的方法是比较每股收益 (EPS) 与股价。
During five years of share price growth, Mueller Water Products achieved compound earnings per share (EPS) growth of 27% per year. The EPS growth is more impressive than the yearly share price gain of 13% over the same period. Therefore, it seems the market has become relatively pessimistic about the company.
在股票价格上涨的五年中,Mueller Water Products的每股收益(EPS)复合增长率为27%,年均股价增长率为13%,而EPS增长率比同期股价增长率更为突出。因此,市场似乎对公司的前景相对悲观。
The image below shows how EPS has tracked over time (if you click on the image you can see greater detail).
下图显示了EPS随时间的变化情况(如果您单击该图像,则可以查看更多详细信息)。
![earnings-per-share-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240605/0-81b4fd70569b03cb4918bc3327c3c48d-0-8872cf93c9ce218ad4a99730173ebdfe.png/big)
We like that insiders have been buying shares in the last twelve months. Even so, future earnings will be far more important to whether current shareholders make money. Dive deeper into the earnings by checking this interactive graph of Mueller Water Products' earnings, revenue and cash flow.
我们喜欢内部人在过去的十二个月内购买股票,但未来的收益对当前股东赚钱更为重要。通过查看Mueller Water Products的收益、营业收入和现金流图表,可以深入了解公司的收益情况。
What About Dividends?
那么分红怎么样呢?
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. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. In the case of Mueller Water Products, it has a TSR of 102% for the last 5 years. That exceeds its share price return that we previously mentioned. This is largely a result of its dividend payments!
在考虑投资回报时,重要的是考虑总股东回报(TSR)和股票回报之间的差异。 TSR包括任何剥离或折让的资本筹集(基于股息被重新投资的假设),以及任何股息。因此,对于支付慷慨的股息公司而言,TSR通常比股票回报高得多。就中国神威药业集团而言,其TSR在过去5年中达到了75%。这超过了我们之前提到的股票回报。该公司支付的股息已经提高了总股东回报。总股东回报和股票回报TSR(股票总回报率)包含任何分拆或折价增加股本的价值,以及基于这样一个假设:股息是再投资的。股息分红的股票而言,TSR可以提供更全面的图片。对于Mueller Water Products而言,过去五年的TSR为102%,超过了我们之前提到的股票回报率。这主要是其股息支付的结果!
A Different Perspective
不同的观点
Mueller Water Products provided a TSR of 21% over the last twelve months. But that return falls short of the market. The silver lining is that the gain was actually better than the average annual return of 15% per year over five year. This could indicate that the company is winning over new investors, as it pursues its strategy. Investors who like to make money usually check up on insider purchases, such as the price paid, and total amount bought. You can find out about the insider purchases of Mueller Water Products by clicking this link.
过去12个月,Mueller Water Products提供了21%的TSR,但这一回报不及市场。好消息是,这一增长实际上比五年平均增长率15%要好。这可能表明公司正在赢得新的投资者,因为它推进其策略。通常喜欢赚钱的投资者会查看股票内部人的购买情况,如购买价格和购买总金额。通过点击此链接,您可以了解Mueller Water Products内部人的购买情况。
Mueller Water Products is not the only stock insiders are buying. So take a peek at this free list of small cap companies at attractive valuations which insiders have been buying.
Mueller Water Products不是唯一一个公司内部人在购买股票。所以,请查看这个免费的、由内部人正在购买的估值有吸引力的小盘公司清单。
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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