Those Who Invested in Curtiss-Wright (NYSE:CW) Three Years Ago Are up 157%
Those Who Invested in Curtiss-Wright (NYSE:CW) Three Years Ago Are up 157%
The most you can lose on any stock (assuming you don't use leverage) is 100% of your money. But if you buy shares in a really great company, you can more than double your money. For example, the Curtiss-Wright Corporation (NYSE:CW) share price has soared 154% in the last three years. Most would be happy with that. On top of that, the share price is up 12% in about a quarter. But this move may well have been assisted by the reasonably buoyant market (up 5.7% in 90 days).
任何一只股票的最大亏损是100%(假设您不使用杠杆),但如果您买入一家真正优秀的公司的股票,您可以获得超过100%的回报。例如,寇蒂斯莱特公司(NYSE:CW)的股价在过去三年中飙升了154%。大多数人对此会感到满意。此外,股价在一个季度内上涨了12%。但这种上涨可能受到了相对繁荣的市场的助推(90天内上涨了5.7%)。
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。
There is no denying that markets are sometimes efficient, but prices do not always reflect underlying business performance. One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement.
不可否认的是,市场有时是高效的,但价格并不总是反映潜在的商业表现。一个不完美但简单的方法来考虑公司市场感知如何改变是比较每股收益(EPS)变化和股价变动。
Curtiss-Wright was able to grow its EPS at 21% per year over three years, sending the share price higher. In comparison, the 36% per year gain in the share price outpaces the EPS growth. This suggests that, as the business progressed over the last few years, it gained the confidence of market participants. It's not unusual to see the market 're-rate' a stock, after a few years of growth.
寇蒂斯莱特公司三年来每年EPS增长21%,使股价上涨。相比之下,股价每年增长36%,超过了EPS的增长。这表明,随着业务在过去几年中的发展,市场参与者对其获得了更多的信心。在几年的增长后,看到市场对一支股票进行“再定价”并不罕见。
The graphic below depicts how EPS has changed over time (unveil the exact values by clicking on the image).
下图显示了EPS随时间变化的情况(点击图像以显示确切值)。
![1724669255110](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240826/42870715-0-8614e5c45224f79cfddf2700a3dc8a4f.webp/bigjpg)
We know that Curtiss-Wright has improved its bottom line lately, but is it going to grow revenue? Check if analysts think Curtiss-Wright will grow revenue in the future.
我们知道寇蒂斯莱特最近改善了其底线,但它的营业收入会增长吗?查看分析师是否认为寇蒂斯莱特将来会增长收入。
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 is a return calculation that accounts for the value of cash dividends (assuming that any dividend received was reinvested) and the calculated value of any discounted capital raisings and spin-offs. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. We note that for Curtiss-Wright the TSR over the last 3 years was 157%, which is better than the share price return mentioned above. And there's no prize for guessing that the dividend payments largely explain the divergence!
在观察投资回报时,重要的是考虑到总股东回报率(TSR)与股价回报率之间的差异。TSR是一个回报计算,考虑到现金分红的价值(假设获得的任何股息都是再投资的)以及任何折价资本筹集和拆分的计算值。可以说TSR给出了支付股息的股票的更完整的图片。我们注意到寇蒂斯莱特在过去的3年中TSR为157%,比上述的股价回报要好。毫无疑问,股息支付在很大程度上解释了这种差异!
A Different Perspective
不同的观点
It's good to see that Curtiss-Wright has rewarded shareholders with a total shareholder return of 50% in the last twelve months. Of course, that includes the dividend. Since the one-year TSR is better than the five-year TSR (the latter coming in at 21% per year), it would seem that the stock's performance has improved in recent times. Given the share price momentum remains strong, it might be worth taking a closer look at the stock, lest you miss an opportunity. Before spending more time on Curtiss-Wright it might be wise to click here to see if insiders have been buying or selling shares.
很高兴看到寇蒂斯莱特在过去十二个月里为股东带来了50%的总股东回报。当然,这其中包括了股息。由于一年的TSR优于五年的TSR(后者为每年21%),似乎该股的表现近期有所提高。鉴于股价动力仍然强劲,仔细研究一下该股可能是值得的,免得错过机会。在花更多时间研究寇蒂斯莱特之前,点击这里查看内部人是否一直在买入或卖出股票可能是明智的。
Of course Curtiss-Wright may not be the best stock to buy. So you may wish to see this free collection of growth stocks.
当然,寇蒂斯莱特可能不是最好的股票可供购买。所以你可能希望查看这个免费的增长股票合集。
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。