BWX Technologies (NYSE:BWXT) Jumps 3.9% This Week, Though Earnings Growth Is Still Tracking Behind Three-year Shareholder Returns
BWX Technologies (NYSE:BWXT) Jumps 3.9% This Week, Though Earnings Growth Is Still Tracking Behind Three-year Shareholder Returns
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 BWX Technologies, Inc. (NYSE:BWXT) share price has soared 164% in the last three years. How nice for those who held the stock! It's also good to see the share price up 31% over the last quarter. The company reported its financial results recently; you can catch up on the latest numbers by reading our company report.
在任何股票上的最大损失(假设您不使用杠杆)是损失您全部的资金。但是,如果您购买了一家非常优秀公司的股票,您的资金可以翻倍。举个例子,bwxt technologies, inc.(纽交所:BWXT)的股价在过去三年中飙升了164%。持有该股票的人真是太好了!看到股价在过去一个季度上涨31%也让人感到欣慰。该公司最近公布了财务业绩;您可以通过阅读我们的公司报告来跟进最新的数字。
The past week has proven to be lucrative for BWX Technologies investors, so let's see if fundamentals drove the company's three-year performance.
过去一周对bwxt technologies的投资者来说是丰厚的,所以让我们看看基本面是否驱动了公司三年的表现。
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。
During three years of share price growth, BWX Technologies achieved compound earnings per share growth of 4.2% per year. This EPS growth is lower than the 38% average annual increase in the share price. So it's fair to assume the market has a higher opinion of the business than it did three years ago. It's not unusual to see the market 're-rate' a stock, after a few years of growth.
在三年的股价增长期间,bwxt technologies实现了每股收益年增长4.2%的复合增长。这一每股收益的增长低于股价38%的平均年增长。因此,可以合理地假设市场对该业务的看法比三年前要高。经过几年的增长,市场重新评估股票并不飞凡。
You can see below how EPS has changed over time (discover the exact values by clicking on the image).
您可以看到EPS随时间的变化如下(通过单击图像了解确切数值)。
We're pleased to report that the CEO is remunerated more modestly than most CEOs at similarly capitalized companies. But while CEO remuneration is always worth checking, the really important question is whether the company can grow earnings going forward. Before buying or selling a stock, we always recommend a close examination of historic growth trends, available here..
我们很高兴地宣布,该公司的CEO获得的薪酬比同样规模的公司的大多数CEO获得的薪酬更加适度。但是,在购买或出售股票之前,我们始终建议仔细审查公司历史增长趋势,这些历史增长趋势可以在这里获得。真正重要的问题是这家公司未来能否增长收益。
What About Dividends?
关于分红派息的问题
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. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. As it happens, BWX Technologies' TSR for the last 3 years was 174%, which exceeds the share price return mentioned earlier. The dividends paid by the company have thusly boosted the total shareholder return.
除了衡量股票价格回报外,投资者还应考虑总股东回报(TSR)。 股票价格回报仅反映股票价格的变化,而TSR则包括分红的价值(假设已经再投资)以及任何折扣融资或分拆的收益。 可以公平地说,TSR为支付分红的股票提供了更完整的图景。 实际上,bwx technologies在过去3年的TSR为174%,超过了前面提到的股票价格回报。 公司的分红因此提升了总股东回报。
A Different Perspective
另一种看法
It's nice to see that BWX Technologies shareholders have received a total shareholder return of 72% over the last year. Of course, that includes the dividend. That's better than the annualised return of 19% over half a decade, implying that the company is doing better recently. In the best case scenario, this may hint at some real business momentum, implying that now could be a great time to delve deeper. It's always interesting to track share price performance over the longer term. But to understand BWX Technologies better, we need to consider many other factors. To that end, you should be aware of the 1 warning sign we've spotted with BWX Technologies .
很高兴看到bw内x technologies的股东在过去一年里获得了72%的总股东回报。 当然,这包括了分红。 这比过去五年19%的年化回报要好,这暗示着公司最近表现更佳。 在最佳情况下,这可能暗示着某种真实的业务势头,这意味着现在可能是深入研究的好时机。 跟踪股票价格表现的长期趋势总是很有趣。 但要更好地了解bw内x technologies,我们需要考虑许多其他因素。 为此,您应该知道我们发现的与bw内x technologies相关的1个警告信号。
But note: BWX Technologies may not be the best stock to buy. So take a peek at this free list of interesting companies with past earnings growth (and further growth forecast).
但请注意:bwx technologies 可能不是最佳购买股票。因此请查看这份有趣公司的免费列表,这些公司过去有盈利增长(并且有进一步的增长预测)。
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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