Regal Rexnord's (NYSE:RRX) Investors Will Be Pleased With Their Decent 69% Return Over the Last Five Years
Regal Rexnord's (NYSE:RRX) Investors Will Be Pleased With Their Decent 69% Return Over the Last Five Years
Regal Rexnord Corporation (NYSE:RRX) shareholders might be concerned after seeing the share price drop 26% in the last quarter. On the bright side the share price is up over the last half decade. Unfortunately its return of 52% is below the market return of 60%.
富豪雷克斯諾德公司(紐約證券交易所代碼:RRX)股東在上個季度看到股價下跌26%後可能會感到擔憂。好的一面是,在過去的五年中,股價一直在上漲。不幸的是,其52%的回報率低於60%的市場回報率。
Now it's worth having a look at the company's fundamentals too, because that will help us determine if the long term shareholder return has matched the performance of the underlying business.
現在也值得一看公司的基本面,因爲這將有助於我們確定長期股東回報是否與基礎業務的表現相匹配。
View our latest analysis for Regal Rexnord
查看我們對 Regal Rexnord 的最新分析
While the efficient markets hypothesis continues to be taught by some, it has been proven that markets are over-reactive dynamic systems, and investors are not always rational. 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).
儘管一些人繼續教導高效市場假說,但事實證明,市場是反應過度的動態系統,投資者並不總是理性的。研究市場情緒如何隨着時間的推移而變化的一種方法是研究公司股價與其每股收益(EPS)之間的相互作用。
During five years of share price growth, Regal Rexnord actually saw its EPS drop 7.1% per year.
在股價增長的五年中,Regal Rexnord的每股收益實際上每年下降7.1%。
Essentially, it doesn't seem likely that investors are focused on EPS. Since the change in EPS doesn't seem to correlate with the change in share price, it's worth taking a look at other metrics.
從本質上講,投資者似乎不太可能將注意力集中在每股收益上。由於每股收益的變化似乎與股價的變化無關,因此值得一看其他指標。
We doubt the modest 1.2% dividend yield is attracting many buyers to the stock. In contrast revenue growth of 10% per year is probably viewed as evidence that Regal Rexnord is growing, a real positive. In that case, the company may be sacrificing current earnings per share to drive growth.
我們懷疑適度的1.2%的股息收益率能否吸引許多買家購買該股。相比之下,每年10%的收入增長可能被視爲Regal Rexnord正在增長的證據,這確實是一個積極的因素。在這種情況下,公司可能會犧牲當前的每股收益來推動增長。
The graphic below depicts how earnings and revenue have changed over time (unveil the exact values by clicking on the image).
下圖描述了收入和收入隨時間推移而發生的變化(點擊圖片即可顯示確切的數值)。
![earnings-and-revenue-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20231103/0-9abc9f9e4524c327f174f1fc3a3eb0a9-0-20a9d858a8bfd8e5b0892b8cdfb3bc8e.png/big)
If you are thinking of buying or selling Regal Rexnord stock, you should check out this FREE detailed report on its balance sheet.
如果您正在考慮買入或賣出Regal Rexnord股票,則應查看這份有關其資產負債表的免費詳細報告。
What About Dividends?
分紅呢?
It is important to consider the total shareholder return, as well as the share price return, for any given stock. 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. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. As it happens, Regal Rexnord's TSR for the last 5 years was 69%, which exceeds the share price return mentioned earlier. And there's no prize for guessing that the dividend payments largely explain the divergence!
重要的是要考慮任何給定股票的股東總回報率以及股價回報。股東總回報率是一種回報計算方法,它考慮了現金分紅的價值(假設收到的任何股息已被再投資)以及任何貼現資本籌集和分拆的計算價值。可以說,股東總回報率可以更全面地描述股票產生的回報。碰巧的是,Regal Rexnord在過去5年的股東總回報率爲69%,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
Regal Rexnord provided a TSR of 3.1% over the last twelve months. But that was short of the market average. If we look back over five years, the returns are even better, coming in at 11% per year for 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. To that end, you should learn about the 3 warning signs we've spotted with Regal Rexnord (including 1 which is a bit unpleasant) .
在過去的十二個月中,Regal Rexnord提供的股東總回報率爲3.1%。但這還低於市場平均水平。如果我們回顧五年,回報率甚至更高,五年內每年回報率爲11%。鑑於隨着時間的推移,市場持續受到好評,這很可能是一項值得關注的業務。儘管值得考慮市場狀況可能對股價產生的不同影響,但還有其他因素更爲重要。爲此,你應該了解我們在Regal Rexnord上發現的3個警告信號(包括一個有點不愉快的警告)。
But note: Regal Rexnord 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).
但請注意:Regal Rexnord可能不是最值得買入的股票。因此,來看看這份包含過去盈利增長(以及進一步增長預測)的有趣公司的免費名單吧。
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.
對這篇文章有反饋嗎?對內容感到擔憂?直接聯繫我們。 或者,給編輯團隊 (at) simplywallst.com 發送電子郵件。
Simply Wall St的這篇文章本質上是籠統的。我們僅使用公正的方法根據歷史數據和分析師的預測提供評論,我們的文章無意作爲財務建議。它不構成買入或賣出任何股票的建議,也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本數據驅動的長期重點分析。請注意,我們的分析可能不考慮最新的價格敏感型公司公告或定性材料。簡而言之,華爾街沒有持有任何上述股票的頭寸。