Investing in Littelfuse (NASDAQ:LFUS) Five Years Ago Would Have Delivered You a 41% Gain
Investing in Littelfuse (NASDAQ:LFUS) Five Years Ago Would Have Delivered You a 41% Gain
If you buy and hold a stock for many years, you'd hope to be making a profit. But more than that, you probably want to see it rise more than the market average. Unfortunately for shareholders, while the Littelfuse, Inc. (NASDAQ:LFUS) share price is up 35% in the last five years, that's less than the market return. Zooming in, the stock is up just 2.8% in the last year.
如果你购买并持有股票很多年,希望能赚取利润。但更重要的是,你可能希望看到它的涨幅超过市场平均水平。不幸的是,美国力特保险丝(纳斯达克: LFUS)股价在过去五年中上涨了35%,但这比市场回报率要低。具体来看,该股过去一年仅上涨了2.8%。
So let's assess the underlying fundamentals over the last 5 years and see if they've moved in lock-step with shareholder returns.
因此,让我们评估过去5年的基本面,看看它们是否和股东的回报率相符。
There is no denying that markets are sometimes efficient, but prices do not always reflect underlying business performance. 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.
市场有时毫无疑问是有效的,但股票价格并不总是反映基本业务表现。一种有缺陷但合理的方法是比较每股收益(EPS)和股票价格,以评估围绕公司的情绪如何变化。
Over half a decade, Littelfuse managed to grow its earnings per share at 5.4% a year. So the EPS growth rate is rather close to the annualized share price gain of 6% per year. This indicates that investor sentiment towards the company has not changed a great deal. In fact, the share price seems to largely reflect the EPS growth.
在半个多世纪的时间里,美国力特保险丝成功将其每股收益增长率提升至5.4%。因此,每股收益增速与每年6%的股价涨幅相当接近。这表明投资者对该公司的情绪并未发生很大变化。事实上,股价似乎在很大程度上反映了每股收益的增长。
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)。
It might be well worthwhile taking a look at our free report on Littelfuse's earnings, revenue and cash flow.
免费查看我们关于美国力特保险丝收益、营业收入和现金流的报告可能非常值得一看。
What About Dividends?
关于分红派息的问题
It is important to consider the total shareholder return, as well as the share price return, for any given stock. 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. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. As it happens, Littelfuse's TSR for the last 5 years was 41%, which exceeds the share price return mentioned earlier. And there's no prize for guessing that the dividend payments largely explain the divergence!
考虑股票的总股东回报率以及股价回报率对于任何给定的股票都非常重要。总股东回报率包括任何股息的价值,以及任何股息的再投资,基于再投资股息的假设。可以说,总股东回报率提供了更全面的股票回报图景。事实上,美国力特保险丝过去5年的总股东回报率为41%,超过前面提到的股价回报。毫无疑问,股息付款在很大程度上解释了这种分歧!
A Different Perspective
另一种看法
Littelfuse shareholders gained a total return of 3.9% during the year. 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 7% 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. While it is well worth considering the different impacts that market conditions can have on the share price, there are other factors that are even more important. Consider for instance, the ever-present spectre of investment risk. We've identified 1 warning sign with Littelfuse , and understanding them should be part of your investment process.
美国力特保险丝股东在该年度取得了3.9%的总回报。不幸的是,这低于市场回报。公司拥有更好的长期业绩记录可能是一个好迹象,过去5年为股东提供了年均7%的总股东回报率。考虑市场条件可能对股价产生的不同影响是值得的,但有其他更重要的因素。例如,不断存在的投资风险。我们已经确定了与美国力特保险丝相关的一个警示信号,了解它们应该是您投资过程的一部分。
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,您可能通过在其他地方寻找会找到一笔极好的投资。因此,请查看我们预计会增长收入的公司免费名单。
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。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
对这篇文章有反馈吗?对内容感到担忧吗?请直接与我们联系。或者,发送电子邮件至editorial-team @ simplywallst.com。
Simply Wall St的这篇文章是一般性质的。我们仅基于历史数据和分析师预测提供评论,使用公正的方法,我们的文章并非意在提供财务建议。这并不构成买入或卖出任何股票的建议,并且不考虑您的目标或财务状况。我们旨在为您带来基于基础数据驱动的长期聚焦分析。请注意,我们的分析可能未考虑最新的价格敏感公司公告或定性材料。Simply Wall St对提及的任何股票都没有持仓。