Cactus' (NYSE:WHD) Investors Will Be Pleased With Their Decent 77% Return Over the Last Five Years
Cactus' (NYSE:WHD) Investors Will Be Pleased With Their Decent 77% Return Over the Last Five Years
Cactus, Inc. (NYSE:WHD) shareholders might be concerned after seeing the share price drop 15% in the last month. But at least the stock is up over the last five years. However we are not very impressed because the share price is only up 68%, less than the market return of 95%.
Cactus, Inc.(纽交所:WHD)的股东在看到股价在上个月下跌了15%后可能会感到担忧。 但至少这只股票在过去五年内有所上涨。然而我们并不是很满意,因为股价仅上涨了68%,低于市场回报的95%。
Let's take a look at the underlying fundamentals over the longer term, and see if they've been consistent with shareholders returns.
让我们看看更长期的基本面,看看它们是否与股东回报一致。
There is no denying that markets are sometimes efficient, but prices do not always reflect underlying business performance. By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time.
不可否认的是,市场有时是有效的,但价格并不总是反映基本的业务表现。通过比较每股收益(EPS)和股价变化,我们可以了解投资者对公司的态度是如何随时间变化的。
Over half a decade, Cactus managed to grow its earnings per share at 7.4% a year. This EPS growth is slower than the share price growth of 11% per year, over the same period. So it's fair to assume the market has a higher opinion of the business than it did five years ago. And that's hardly shocking given the track record of growth.
在过去的五年里,Cactus每年的每股收益增长了7.4%。 这个每股收益的增长速度慢于同期股价每年11%的增长。因此可以合理地假设市场对这家业务的看法比五年前更高。考虑到其增长的业绩,这并不令人感到震惊。
You can see how EPS has changed over time in the image below (click on the chart to see the exact values).
您可以在下面的图像中查看每股收益随时间的变化(单击图表查看确切值)。
It's probably worth noting that the CEO is paid less than the median at similar sized companies. But while CEO remuneration is always worth checking, the really important question is whether the company can grow earnings going forward. This free interactive report on Cactus' earnings, revenue and cash flow is a great place to start, if you want to investigate the stock further.
值得注意的是,CEO的薪酬低于同类公司中位数。但尽管CEO薪酬总是值得关注,真正重要的问题是公司是否能够在未来实现盈利增长。如果您想更深入调查股票,这份关于Cactus盈利、营业收入和现金流的免费互动报告是一个很好的起点。
What About Dividends?
关于分红派息的问题
When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. 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 Cactus 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.
在考虑投资回报时,考虑总股东回报率(TSR)与股价回报之间的差异是重要的。股价回报仅反映股价的变化,而TSR则包括分红的价值(假设它们被再投资)以及任何折价融资或分拆的好处。因此,对于支付慷慨分红的公司,TSR通常远高于股价回报。我们注意到,在过去五年中,Cactus的TSR达到了77%,这优于上述的股价回报。公司支付的分红因此提升了总股东回报。
A Different Perspective
不同的视角
It's good to see that Cactus has rewarded shareholders with a total shareholder return of 33% in the last twelve months. That's including the dividend. That gain is better than the annual TSR over five years, which is 12%. Therefore it seems like sentiment around the company has been positive lately. In the best case scenario, this may hint at some real business momentum, implying that now could be a great time to delve deeper. 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. Even so, be aware that Cactus is showing 1 warning sign in our investment analysis , you should know about...
很高兴看到Cactus在过去12个月奖励了股东总股东回报达到33%。这包括分红。这一收益好于五年期的年化TSR为12%。因此,这表明最近对公司的情绪积极。在最佳情况下,这可能暗示着一些真实的业务势头,这意味着现在可能是深入研究的好时机。虽然考虑市场条件对股价的不同影响是非常重要的,但还有其他因素更为关键。尽管如此,要注意Cactus在我们的投资分析中显示了一个警告信号,这是您需要知道的...
If you like to buy stocks alongside management, then you might just love this free list of companies. (Hint: many of them are unnoticed AND have attractive valuation).
如果你喜欢与管理层一起买入股票,那么你可能会喜欢这个免费的公司名单。(提示:很多公司鲜为人知,而且估值吸引。)
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,本文中引用的市场回报反映了当前在美国交易所上市股票的市场加权平均回报。
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这篇来自Simply Wall St的文章是一般性的。我们根据历史数据和分析师预测提供评论,采用无偏见的方法,我们的文章并不旨在提供财务建议。它不构成对任何股票的买入或卖出建议,也未考虑到您的目标或财务状况。我们旨在为您提供以基本数据驱动的长期分析。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在提到的任何股票中均没有持仓。