Investors More Bullish on Knight-Swift Transportation Holdings (NYSE:KNX) This Week as Stock Ascends 3.2%, Despite Earnings Trending Downwards Over Past Five Years
Investors More Bullish on Knight-Swift Transportation Holdings (NYSE:KNX) This Week as Stock Ascends 3.2%, Despite Earnings Trending Downwards Over Past Five Years
When you buy and hold a stock for the long term, you definitely want it to provide a positive return. Furthermore, you'd generally like to see the share price rise faster than the market. Unfortunately for shareholders, while the Knight-Swift Transportation Holdings Inc. (NYSE:KNX) share price is up 49% in the last five years, that's less than the market return. The last year has been disappointing, with the stock price down 10% in that time.
當您買入並長揸一隻股票時,您肯定希望它能帶來正回報。此外,您通常希望看到股價上漲速度快於市場。不幸的是,對於股東而言,雖然Knight-Swift Transportation Holdings Inc. (NYSE:KNX)的股價在過去五年中上漲了49%,但這低於市場回報。最近一年表現不佳,股價下跌了10%。
After a strong gain in the past week, it's worth seeing if longer term returns have been driven by improving fundamentals.
在過去的一週之內,獲得的強勁收益是否表明了長期回報受到基本面的推動值得關注。
There is no denying that markets are sometimes efficient, but prices do not always reflect underlying business performance. 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.
市場有時毫無疑問是有效的,但股票價格並不總是反映基本業務表現。一種有缺陷但合理的方法是比較每股收益(EPS)和股票價格,以評估圍繞公司的情緒如何變化。
During five years of share price growth, Knight-Swift Transportation Holdings actually saw its EPS drop 23% per year.
在五年的股價增長期間,Knight-Swift Transportation Holdings實際上看到其每股收益年均下降23%。
Essentially, it doesn't seem likely that investors are focused on EPS. Because earnings per share don't seem to match up with the share price, we'll take a look at other metrics instead.
基本上,投資者似乎並未關注每股收益。因爲每股收益似乎與股價不匹配,所以我們將查看其他指標。
The modest 1.3% dividend yield is unlikely to be propping up the share price. In contrast revenue growth of 11% per year is probably viewed as evidence that Knight-Swift Transportation Holdings is growing, a real positive. It's quite possible that management are prioritizing revenue growth over EPS growth at the moment.
溫和的1.3%股息收益率不太可能支撐股價。相比之下,每年11%的營業收入增長可能被視爲Knight-Swift Transportation Holdings正在實現增長的證據,這是真正的積極因素。目前管理層很可能優先考慮營業收入增長,而非每股收益增長。
The image below shows how earnings and revenue have tracked over time (if you click on the image you can see greater detail).
下圖顯示了收益和營收隨時間變化的情況(如果你點擊圖像,可以看到更多細節):
![earnings-and-revenue-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240629/0-fd42ed036e62c30b3580cc0f11d6c988-0-75c0ce5a52eac79afeff5f3451808988.png/big)
We're pleased to report that the CEO is remunerated more modestly than most CEOs at similarly capitalized companies. But while CEO remuneration is always worth checking, the really important question is whether the company can grow earnings going forward. So we recommend checking out this free report showing consensus forecasts
我們很高興地報告,CEO的報酬比同樣資本化的公司的大多數CEO都要適中。但是,雖然CEO報酬值得檢查,但真正重要的問題是公司是否能夠繼續增加收益。因此,我們建議查看此免費報告,顯示共識預測。
What About Dividends?
那麼分紅怎麼樣呢?
When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. 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. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. As it happens, Knight-Swift Transportation Holdings' TSR for the last 5 years was 55%, which exceeds the share price return mentioned earlier. The dividends paid by the company have thusly boosted the total shareholder return.
在考慮投資回報時,重要的是考慮總股東回報(TSR)和股票回報之間的差異。 TSR包括任何剝離或折讓的資本籌集(基於股息被重新投資的假設),以及任何股息。因此,對於支付慷慨的股息公司而言,TSR通常比股票回報高得多。就中國神威藥業集團而言,其TSR在過去5年中達到了75%。這超過了我們之前提到的股票回報。該公司支付的股息已經提高了總股東回報。總股東回報和股票回報TSR納入了任何分拆或折價增資的價值,以及基於股息再投資的假設計算的任何股息。可以說,TSR提供了股票帶來的回報的更全面的圖片。恰巧,Knight-Swift Transportation Holdings過去5年的TSR爲55%,超過了先前提到的股票回報。公司支付的股息因此提高了總股東回報。
A Different Perspective
不同的觀點
Investors in Knight-Swift Transportation Holdings had a tough year, with a total loss of 9.1% (including dividends), against a market gain of about 23%. Even the share prices of good stocks drop sometimes, but we want to see improvements in the fundamental metrics of a business, before getting too interested. Longer term investors wouldn't be so upset, since they would have made 9%, each year, over five years. If the fundamental data continues to indicate long term sustainable growth, the current sell-off could be an opportunity worth considering. 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 2 warning signs we've spotted with Knight-Swift Transportation Holdings .
Knight-Swift Transportation Holdings的投資者度過了艱難的一年,總虧損爲9.1%(包括股息),而市場則獲得了約23%的收益。即使好的股票價格有時也會下跌,但我們希望在產業鏈基本指標有所提升之前,再考慮投資。長期投資者不會那麼難過,因爲他們每年都能獲得9%的回報率,五年來都是如此。如果基本數據繼續表明長期可持續增長,當前的拋售可能是值得考慮的機會。我非常有興趣研究股價長期走勢作爲業務表現的代理。但要真正獲得洞察力,我們還需要考慮其他信息。爲此,您應該了解Knight-Swift Transportation Holdings的2個警告信號。
We will like Knight-Swift Transportation Holdings better if we see some big insider buys. While we wait, check out this free list of undervalued stocks (mostly small caps) with considerable, recent, insider buying.
如果我們看到一些大規模的內部人士買入,我們將更喜歡Knight-Swift Transportation Holdings。在等待的同時,請查看這份免費的低估股票列表(主要是小盤股),其中包含相當數量的最近內部人士購買。
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,本文所引述的市場回報反映了目前在美國交易所上市的股票的市場加權平均回報。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.
對本文有反饋?關於內容有所顧慮?直接和我們聯繫。或者,發送電子郵件至editorial-team (at) simplywallst.com。
這篇文章是Simply Wall St的一般性文章。我們根據歷史數據和分析師預測提供評論,只使用公正的方法論,我們的文章並不意味着提供任何金融建議。文章不構成買賣任何股票的建議,也不考慮您的目標或您的財務狀況。我們的目標是帶給您基本數據驅動的長期關注分析。請注意,我們的分析可能不考慮最新的價格敏感公司公告或定性材料。Simply Wall St沒有任何股票頭寸。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
對本文有反饋?關於內容有所顧慮?直接和我們聯繫。或者發送電子郵件至editorial-team@simplywallst.com。