Investors in Kadant (NYSE:KAI) Have Seen Solid Returns of 151% Over the Past Five Years
Investors in Kadant (NYSE:KAI) Have Seen Solid Returns of 151% Over the Past Five Years
When you buy a stock there is always a possibility that it could drop 100%. But on the bright side, you can make far more than 100% on a really good stock. For example, the Kadant Inc. (NYSE:KAI) share price has soared 142% in the last half decade. Most would be very happy with that. In the last week the share price is up 2.5%.
當你購買一隻股票時,它總是有可能下跌100%。但從好的方面來看,你可以在一隻真正好的股票上獲得遠遠超過100%的收益。例如,Kadant Inc.(紐約證券交易所股票代碼:KAI)股價在過去五年裡飆升了142%。大多數人會對此感到非常高興。過去一週,該公司股價上漲了2.5%。
So let's investigate and see if the longer term performance of the company has been in line with the underlying business' progress.
因此,讓我們來調查一下,看看該公司的長期表現是否與基礎業務的發展一致。
Check out our latest analysis for Kadant
查看我們對卡丹特的最新分析
There is no denying that markets are sometimes efficient, but prices do not always reflect underlying business performance. 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).
不可否認,市場有時是有效的,但價格並不總是反映潛在的商業表現。考察市場情緒如何隨時間變化的一種方法是觀察一家公司的股價和每股收益(EPS)之間的相互作用。
Over half a decade, Kadant managed to grow its earnings per share at 23% a year. This EPS growth is reasonably close to the 19% average annual increase in the share price. Therefore one could conclude that sentiment towards the shares hasn't morphed very much. Indeed, it would appear the share price is reacting to the EPS.
在過去的五年裡,卡丹特的每股收益以每年23%的速度增長。這一每股收益增長相當接近該公司股價19%的年均漲幅。因此,人們可以得出這樣的結論:投資者對這些股票的情緒沒有太大變化。事實上,看起來股價是在對每股收益做出反應。
You can see below how EPS has changed over time (discover the exact values by clicking on the image).
您可以在下面看到EPS是如何隨著時間的推移而變化的(通過單擊圖像來了解確切的值)。
![earnings-per-share-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20231017/0-2cdab2269df7fab0051f38ab33c9c911-0-1f102294a672216cda821f69519e28f1.png/big)
We know that Kadant has improved its bottom line over the last three years, but what does the future have in store? This free interactive report on Kadant's balance sheet strength is a great place to start, if you want to investigate the stock further.
我們知道卡丹特在過去的三年裡提高了它的底線,但未來會是什麼樣子呢?這免費如果你想進一步調查卡丹特的股票,那麼關於卡丹特資產負債表實力的互動報告是一個很好的起點。
What About Dividends?
那股息呢?
As well as measuring the share price return, investors should also consider the total shareholder return (TSR). 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. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. As it happens, Kadant's TSR for the last 5 years was 151%, which exceeds the share price return mentioned earlier. And there's no prize for guessing that the dividend payments largely explain the divergence!
除了衡量股價回報外,投資者還應考慮總股東回報(TSR)。TSR包括任何剝離或貼現融資的價值,以及任何股息,基於股息再投資的假設。因此,對於支付豐厚股息的公司來說,TSR往往比股價回報高得多。碰巧的是,卡丹特過去5年的TSR為151%,超過了前面提到的股價回報率。而且,猜測股息支付在很大程度上解釋了這種差異是沒有好處的!
A Different Perspective
不同的視角
We're pleased to report that Kadant shareholders have received a total shareholder return of 39% over one year. And that does include the dividend. That gain is better than the annual TSR over five years, which is 20%. Therefore it seems like sentiment around the company has been positive lately. Given the share price momentum remains strong, it might be worth taking a closer look at the stock, lest you miss an opportunity. I find it very interesting to look at share price over the long term as a proxy for business performance. But to truly gain insight, we need to consider other information, too. To that end, you should be aware of the 1 warning sign we've spotted with Kadant .
我們很高興地報告,Kadant的股東在一年內獲得了39%的總股東回報。這確實包括了股息。這一收益好於五年內每年20%的TSR。因此,最近圍繞該公司的情緒似乎一直是積極的。鑑於股價勢頭依然強勁,仔細觀察這只股票可能是值得的,以免錯過預期和機會。我發現,把股價作為衡量企業業績的長期指標是非常有趣的。但為了真正獲得洞察力,我們還需要考慮其他資訊。為此,您應該意識到1個個警告標誌我們發現了卡丹特。
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of companies that have proven they can grow earnings.
如果你更願意看看另一家公司--一家財務狀況可能更好的公司--那麼不要錯過這一點免費已證明自己能夠實現盈利增長的公司名單。
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on American exchanges.
請注意,本文引用的市場回報反映了目前在美國交易所交易的股票的市場加權平均回報.
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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.
對這篇文章有什麼反饋嗎?擔心內容嗎? 保持聯繫直接與我們聯繫.或者,也可以給編輯組發電子郵件,地址是暗示Wallst.com。
本文由Simply Wall St.撰寫,具有概括性.我們僅使用不偏不倚的方法提供基於歷史數據和分析師預測的評論,我們的文章並不打算作為財務建議.它不構成買賣任何股票的建議,也沒有考慮你的目標或你的財務狀況.我們的目標是為您帶來由基本面數據驅動的長期重點分析.請注意,我們的分析可能不會將最新的對價格敏感的公司公告或定性材料考慮在內.Simply Wall St.對上述任何一隻股票都沒有持倉.