Spectrum Brands Holdings' (NYSE:SPB) Investors Will Be Pleased With Their Respectable 77% Return Over the Last Five Years
Spectrum Brands Holdings' (NYSE:SPB) Investors Will Be Pleased With Their Respectable 77% Return Over the Last Five Years
If you buy and hold a stock for many years, you'd hope to be making a profit. Better yet, you'd like to see the share price move up more than the market average. Unfortunately for shareholders, while the Spectrum Brands Holdings, Inc. (NYSE:SPB) share price is up 56% in the last five years, that's less than the market return. Some buyers are laughing, though, with an increase of 21% in the last year.
如果您购买并持有股票多年,您希望能获得盈利。更好的是,您希望看到股票价格上涨超过市场平均水平。不幸的是,对于股东来说,虽然Spectrum Brands Holdings, Inc.(NYSE:SPB)股价在过去五年中上涨了56%,但这不足以跑赢市场回报。但在过去一年中,有些买家却获得了21%的增长。
Now it's worth having a look at the company's fundamentals too, because that will help us determine if the long term shareholder return has matched the performance of the underlying business.
现在值得更详细地了解该公司的基本面,因为这将帮助我们判断长期股东回报是否与基础业务的表现相匹配。
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 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).
虽然有效市场假说仍然被一些人教授,但被证明市场是过度反应的动态系统,投资者并不总是理性的。检查市场情绪如何随时间变化的一种方法是看一个公司的股价与其每股收益(EPS)之间的交互作用。
Spectrum Brands Holdings has made a profit in the past. However, it made a loss in the last twelve months, suggesting profit may be an unreliable metric at this stage. So we might find other metrics can better explain the share price movements.
Spectrum Brands Holdings过去曾经获利。但在过去十二个月中,它却亏损了,这表明在这个阶段,利润可能不是一个可靠的指标。因此,我们可能会发现其他指标可以更好地解释股价运动。
The modest 1.9% dividend yield is unlikely to be propping up the share price. It is not great to see that revenue has dropped by 3.6% per year over five years. So it seems one might have to take closer look at earnings and revenue trends to see how they might influence the share price.
适度的1.9%股息收益率不太可能支撑股价。很不好看到收入在过去五年中每年下降3.6%。因此,似乎必须更 closely审视收益和营收趋势,以了解它们可能如何影响股价。
The graphic below depicts how earnings and revenue have changed over time (unveil the exact values by clicking on the image).
下面的图表显示了收益和营收随时间的变化情况(通过单击图像揭示确切的值)。
![earnings-and-revenue-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240610/0-cf7f29eba15c42eb418b5542298aba6c-0-ea0535b8dd49dc899c59e9e7f926d874.png/big)
We consider it positive that insiders have made significant purchases in the last year. Having said that, most people consider earnings and revenue growth trends to be a more meaningful guide to the business. You can see what analysts are predicting for Spectrum Brands Holdings in this interactive graph of future profit estimates.
我们认为内部人士在过去一年中作出重大购买是积极的。尽管如此,大多数人认为收益和营收增长趋势是业务更有意义的指导。您可以在此与分析师预测的Spectrum Brands Holdings未来利润估计交互式图表中看到。
What About Dividends?
那么分红怎么样呢?
As well as measuring the share price return, investors should also consider the total shareholder return (TSR). 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 Spectrum Brands Holdings the TSR over the last 5 years was 77%, which is better than the share price return mentioned above. The dividends paid by the company have thusly boosted the total shareholder return.
除了衡量股票回报率外,投资者还应考虑总股东回报率(TSR)。而股票回报率只反映了股票价格的变化,TSR还包括股息的价值(假设它们被再投资)以及任何折扣资本筹集或分拆的利益。因此,对于支付慷慨股息的公司,TSR通常比股票回报率高得多。我们注意到,Spectrum Brands Holdings在过去5年中的TSR为77%,比上述股票回报率更好。公司支付的股息因此提高了。。。总股东回报。
A Different Perspective
不同的观点
Spectrum Brands Holdings provided a TSR of 24% over the year (including dividends). That's fairly close to the broader market return. Most would be happy with a gain, and it helps that the year's return is actually better than the average return over five years, which was 12%. It is possible that management foresight will bring growth well into the future, even if the share price slows down. It's always interesting to track share price performance over the longer term. But to understand Spectrum Brands Holdings better, we need to consider many other factors. Even so, be aware that Spectrum Brands Holdings is showing 1 warning sign in our investment analysis , you should know about...
Spectrum Brands Holdings在过去一年中提供了23%的TSR(包括股息)。那相当接近更广泛的市场回报。大多数人会为收益而高兴,因为这一年的回报实际上比五年的平均回报(12%)要好。即使股票价格放缓,管理层的远见也可能会带来未来的增长。追踪股票长期表现总是很有趣的。但是为了更好地了解Spectrum Brands Holdings,我们需要考虑许多其他因素 但即便如此,请注意,在我们的投资分析中,Spectrum Brands Holdings正在显示一个警告,请注意。。。
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of undervalued small cap companies that insiders are buying.
还有很多其他的公司,公司的内部人士正在购买股票。你可能不想错过这个免费的小市值公司的低估列表。
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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