The Total Return for ABM Industries (NYSE:ABM) Investors Has Risen Faster Than Earnings Growth Over the Last Five Years
The Total Return for ABM Industries (NYSE:ABM) Investors Has Risen Faster Than Earnings Growth Over the Last Five Years
The main point of investing for the long term is to make money. But more than that, you probably want to see it rise more than the market average. But ABM Industries Incorporated (NYSE:ABM) has fallen short of that second goal, with a share price rise of 47% over five years, which is below the market return. The last year hasn't been great either, with the stock up just 3.7%.
長期投資的要點是賺錢。但不僅如此,你可能希望看到它的漲幅超過市場平均水平。但是ABM Industries Incorporated(紐約證券交易所代碼:ABM)尚未實現第二個目標,股價在五年內上漲了47%,低於市場回報率。去年也不是很好,股票僅上漲了3.7%。
Since the long term performance has been good but there's been a recent pullback of 3.4%, let's check if the fundamentals match the share price.
由於長期表現良好,但最近回調了3.4%,因此讓我們檢查一下基本面是否與股價相符。
See our latest analysis for ABM Industries
查看我們對ABM Industries的最新分析
In his essay The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not always rationally reflect the value of a business. 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.
在他的文章中 格雷厄姆和多茲維爾的超級投資者 沃倫·巴菲特描述了股價並不總是能合理地反映企業的價值。通過比較每股收益(EPS)和股價隨時間的變化,我們可以了解投資者對公司的態度隨着時間的推移發生了怎樣的變化。
Over half a decade, ABM Industries managed to grow its earnings per share at 22% a year. The EPS growth is more impressive than the yearly share price gain of 8% over the same period. Therefore, it seems the market has become relatively pessimistic about the company. The reasonably low P/E ratio of 11.34 also suggests market apprehension.
在過去的五年中,ABM Industries設法將其每股收益增長到每年22%。每股收益的增長比同期8%的年度股價增長更令人印象深刻。因此,市場似乎對該公司變得相對悲觀。11.34的相當低的市盈率也表明了市場的擔憂。
The company's earnings per share (over time) is depicted in the image below (click to see the exact numbers).
該公司的每股收益(一段時間內)如下圖所示(點擊查看確切數字)。
![earnings-per-share-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20231222/0-e8e30e983f15295d842def47c0dd4bdc-0-1f342b1df6f605ceabbd59b973491e47.png/big)
It is of course excellent to see how ABM Industries has grown profits over the years, but the future is more important for shareholders. You can see how its balance sheet has strengthened (or weakened) over time in this free interactive graphic.
看到ABM Industries多年來如何增加利潤當然是件好事,但未來對股東來說更爲重要。您可以在這張免費的交互式圖片中看到其資產負債表如何隨着時間的推移而增強(或減弱)。
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. 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 ABM Industries the TSR over the last 5 years was 62%, which is better than the share price return mentioned above. 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和股價回報率。儘管股價回報率僅反映股價的變化,但股東總回報率包括股息的價值(假設已進行再投資)以及任何折扣融資或分拆的收益。因此,對於支付豐厚股息的公司來說,股東總回報率通常遠高於股價回報率。我們注意到,對於ABM Industries而言,過去5年的股東總回報率爲62%,好於上述股價回報率。而且,猜測股息支付在很大程度上解釋了這種分歧是沒有好處的!
A Different Perspective
不同的視角
ABM Industries shareholders gained a total return of 5.9% during the year. But that was short of the market average. On the bright side, the longer term returns (running at about 10% a year, over half a decade) look better. 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. For instance, we've identified 3 warning signs for ABM Industries (2 can't be ignored) that you should be aware of.
ABM Industries的股東在年內獲得了5.9%的總回報。但這低於市場平均水平。好的一面是,長期回報(每年約10%,超過五年)看起來更好。鑑於隨着時間的推移,市場持續給予積極的歡迎,這很可能是一項值得關注的業務。儘管市場狀況可能對股價產生的不同影響值得考慮,但還有其他因素更爲重要。例如,我們已經確定了ABM Industries的3個警告信號(其中2個不容忽視),你應該注意這些信號。
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.
如果你想看看另一家公司——一家財務狀況可能優異的公司——那麼千萬不要錯過這份已經證明自己可以增加收益的公司的免費名單。
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收益。
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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。