ITT (NYSE:ITT) Shareholders Have Earned a 16% CAGR Over the Last Five Years
ITT (NYSE:ITT) Shareholders Have Earned a 16% CAGR Over the Last Five Years
When we invest, we're generally looking for stocks that outperform the market average. And in our experience, buying the right stocks can give your wealth a significant boost. For example, the ITT Inc. (NYSE:ITT) share price is up 97% in the last 5 years, clearly besting the market return of around 62% (ignoring dividends). On the other hand, the more recent gains haven't been so impressive, with shareholders gaining just 31% , including dividends .
當我們投資時,我們通常是在尋找表現超過市場平均水平的股票。根據我們的經驗,購買合適的股票可以顯著增加您的財富。例如,ITT公司(紐約證券交易所代碼:ITT)的股價在過去5年中上漲了97%,顯然超過了62%左右的市場回報率(不計股息)。另一方面,最近的漲幅並不那麼令人印象深刻,股東僅增長了31%,包括股息。
Let's take a look at the underlying fundamentals over the longer term, and see if they've been consistent with shareholders returns.
讓我們來看看長期的基本面,看看它們是否與股東的回報一致。
Check out our latest analysis for ITT
查看我們對 ITT 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 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.
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。評估公司情緒變化的一種有缺陷但合理的方法是將每股收益(EPS)與股價進行比較。
Over half a decade, ITT managed to grow its earnings per share at 17% a year. So the EPS growth rate is rather close to the annualized share price gain of 15% per year. That suggests that the market sentiment around the company hasn't changed much over that time. In fact, the share price seems to largely reflect the EPS growth.
在過去的五年中,ITT設法將其每股收益增長到每年17%。因此,每股收益的增長率相當接近每年15%的年化股價漲幅。這表明,在那段時間內,公司周圍的市場情緒沒有太大變化。實際上,股價似乎在很大程度上反映了每股收益的增長。
You can see below how EPS has changed over time (discover the exact values by clicking on the image).
你可以在下面看到 EPS 是如何隨着時間的推移而發生的變化(點擊圖片發現確切的數值)。
We know that ITT has improved its bottom line over the last three years, but what does the future have in store? It might be well worthwhile taking a look at our free report on how its financial position has changed over time.
我們知道在過去三年中,ITT的利潤有所提高,但是未來會發生什麼?可能值得一看我們關於其財務狀況如何隨着時間的推移而變化的免費報告。
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. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. In the case of ITT, it has a TSR of 108% for the last 5 years. That exceeds its share price return that we previously mentioned. The dividends paid by the company have thusly boosted the total shareholder return.
除了衡量股價回報率外,投資者還應考慮股東總回報率(TSR)。股東總回報率包含任何分拆或貼現資本籌集的價值,以及任何股息,前提是股息是再投資的。可以公平地說,股東總回報率爲支付股息的股票提供了更完整的畫面。就ITT而言,在過去的5年中,其股東總回報率爲108%。這超過了我們之前提到的其股價回報率。因此,該公司支付的股息提高了 總 股東回報。
A Different Perspective
不同的視角
It's nice to see that ITT shareholders have received a total shareholder return of 31% over the last year. That's including the dividend. Since the one-year TSR is better than the five-year TSR (the latter coming in at 16% per year), it would seem that the stock's performance has improved in recent times. 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. Case in point: We've spotted 1 warning sign for ITT you should be aware of.
很高興看到ITT股東去年獲得的股東總回報率爲31%。這包括股息。由於一年期股東總回報率好於五年期股東總回報率(後者爲每年16%),因此該股的表現似乎在最近有所改善。鑑於股價勢頭仍然強勁,可能值得仔細研究該股,以免錯過機會。我發現將長期股價視爲業務績效的代表非常有趣。但是,要真正獲得見解,我們還需要考慮其他信息。一個很好的例子:我們發現了一個你應該注意的ITT警告標誌。
We will like ITT better if we see some big insider buys. While we wait, check out this free list of growing companies with considerable, recent, insider buying.
如果我們看到一些大規模的內幕買入,我們會更喜歡ITT。在我們等待的同時,請查看這份免費名單,列出了最近有大量內幕買入的成長型公司。
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率。
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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提供基於歷史數據和分析師預測的評論,我們的文章並非旨在提供財務建議。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,我們的分析可能不會考慮最新的價格敏感型公司公告或定性材料。華爾街只是沒有持有上述任何股票的頭寸。