The Three-year Loss for T. Rowe Price Group (NASDAQ:TROW) Shareholders Likely Driven by Its Shrinking Earnings
The Three-year Loss for T. Rowe Price Group (NASDAQ:TROW) Shareholders Likely Driven by Its Shrinking Earnings
As an investor its worth striving to ensure your overall portfolio beats the market average. But in any portfolio, there are likely to be some stocks that fall short of that benchmark. Unfortunately, that's been the case for longer term T. Rowe Price Group, Inc. (NASDAQ:TROW) shareholders, since the share price is down 50% in the last three years, falling well short of the market return of around 18%. Even worse, it's down 11% in about a month, which isn't fun at all. Importantly, this could be a market reaction to the recently released financial results. You can check out the latest numbers in our company report.
作为投资者,值得努力使整个投资组合跑赢市场平均水平。但在任何投资组合中,都可能有一些股票跑输了基准。不幸的是,这一点长期以来一直发生在t. Rowe Price Group,Inc.(NASDAQ:TROW)的股东身上,因为股价在过去三年中下跌了50%,远远低于市场回报率约18%。更糟糕的是,这一股价在一个月左右的时间内下跌了11%,这一点一点也不有趣。重要的是,这可能是对最近发布的财务结果的市场反应。您可以在我们的公司报告中查看最新数字。
While the last three years has been tough for T. Rowe Price Group shareholders, this past week has shown signs of promise. So let's look at the longer term fundamentals and see if they've been the driver of the negative returns.
尽管过去三年对t. Rowe Price Group的股东来说是艰难的,但过去一周出现了一些迹象表明公司有希望。所以让我们来看看长期基本面数据,看看它们是否是负回报的驱动因素。
In his essay The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not always rationally reflect the value of a business. 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).
在他的《格雷厄姆和道德斯维尔的超级投资者》一文中,沃伦·巴菲特描述了股价并不总是合理反映企业价值的方法。检验市场情绪如何随时间变化的一种方法是观察公司股价和每股收益(EPS)之间的互动关系。
During the three years that the share price fell, T. Rowe Price Group's earnings per share (EPS) dropped by 13% each year. The share price decline of 20% is actually steeper than the EPS slippage. So it seems the market was too confident about the business, in the past.
在万亿. Rowe Price Group股价下跌的三年时间里,每股收益(EPS)每年下降了13%。股价下跌20%的幅度实际上比EPS下滑更严重。因此,过去市场对公司的信心过于高涨。
You can see below how EPS has changed over time (discover the exact values by clicking on the image).
下面可以看到每股收益随时间的变化情况(通过点击图像来查看确切数值)。
![big](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240815/0-085c0fc58ef5d936627d0cd8f92e8f18-0-5f6664f66e974fadcf156fb95a2878bd.png/big)
We know that T. Rowe Price Group has improved its bottom line lately, but is it going to grow revenue? You could check out this free report showing analyst revenue forecasts.
我们知道t. Rowe Price Group最近改善了其底线,但它是否会增长营业收入呢?您可以查看这份免费报告,其中包含分析师预测的营业收入。
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. 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. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. As it happens, T. Rowe Price Group's TSR for the last 3 years was -43%, which exceeds the share price return mentioned earlier. This is largely a result of its dividend payments!
对于任何给定的股票,都应该考虑总股东回报率和股价回报率。而股价回报率仅反映股价的变化,TSR包括股息(假设它们被再投资)的价值以及任何折价募资或剥离的利益。可以说,TSR提供了更全面的股票回报情况。万亿. Rowe Price Group在过去3年的TSR为-43%,超过了前面提到的股价回报率。这主要是由于其分红派息!
A Different Perspective
不同的观点
T. Rowe Price Group shareholders are up 1.5% for the year (even including dividends). Unfortunately this falls short of the market return. It's probably a good sign that the company has an even better long term track record, having provided shareholders with an annual TSR of 3% over five years. It may well be that this is a business worth popping on the watching, given the continuing positive reception, over time, from the market. If you would like to research T. Rowe Price Group in more detail then you might want to take a look at whether insiders have been buying or selling shares in the company.
t. Rowe Price Group股东今年(包括股息)的收益率为1.5%。不幸的是,这比市场回报率低。公司的长期业绩更好,为股东在过去五年中提供了年均3%的TSR。考虑到市场持续的积极反应,这可能是一个值得关注的企业。如果您想更详细地研究t. Rowe Price Group,您可能想查看内部人员是否一直在买入或卖出该公司的股票。
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of companies we expect will grow earnings.
当然,您可能在其他地方找到一家出色的企业进行投资。因此,请查看我们预计将实现盈利增长的公司的免费列表。
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。