Perrigo (NYSE:PRGO) Investors Are Sitting on a Loss of 42% If They Invested Five Years Ago
Perrigo (NYSE:PRGO) Investors Are Sitting on a Loss of 42% If They Invested Five Years Ago
Ideally, your overall portfolio should beat the market average. But every investor is virtually certain to have both over-performing and under-performing stocks. So we wouldn't blame long term Perrigo Company plc (NYSE:PRGO) shareholders for doubting their decision to hold, with the stock down 49% over a half decade. Furthermore, it's down 16% in about a quarter. That's not much fun for holders.
理想情況下,您的整個投資組合應該超過市場平均水平。但每個投資者幾乎肯定會有超額表現和低於市場表現的股票。所以,長揸百利高公司股票(NYSE:PRGO)的股東們下跌了49%,在半個十年的時間裏對他們的決定表示懷疑。此外,它在約一個季度內下跌了16%。這對持有者來說並不好玩。
Now let's have a look at the company's fundamentals, and see if the long term shareholder return has matched the performance of the underlying business.
現在讓我們看看這家公司的基本面,看看長期股東回報是否與基礎業務的表現相匹配。
While Perrigo made a small profit, in the last year, we think that the market is probably more focussed on the top line growth at the moment. As a general rule, we think this kind of company is more comparable to loss-making stocks, since the actual profit is so low. It would be hard to believe in a more profitable future without growing revenues.
儘管Perrigo在過去一年中獲得了微薄的利潤,但我們認爲,目前市場可能更關注公司的營收增長。通常情況下,我們認爲這種公司更類似於虧損的股票,因爲實際利潤非常低。在沒有增長營收的情況下,很難相信其能獲得更有利可圖的未來。
Over five years, Perrigo grew its revenue at 0.4% per year. That's not a very high growth rate considering it doesn't make profits. Given this fairly low revenue growth (and lack of profits), it's not particularly surprising to see the stock down 8% (annualized) in the same time frame. The key question is whether the company can make it to profitability, and beyond, without trouble. It could be worth putting it on your watchlist and revisiting when it makes its maiden profit.
在五年內,Perrigo的營收每年增長0.4%。考慮到該公司未獲得利潤,這不是很高的增長率。鑑於這種相當低的營收增長率(以及缺乏利潤),在同一時間框架內看到股票下跌8%(年化)並不特別令人驚訝。關鍵問題是,該公司是否能在沒有麻煩的情況下實現盈利,並且更進一步。將其列入您的自選列表,並在其首次盈利時重新審視它可能是值得的。
The graphic below depicts how earnings and revenue have changed over time (unveil the exact values by clicking on the image).
下面的圖表顯示了收益和營收隨時間的變化情況(通過單擊圖像揭示確切的值)。
![earnings-and-revenue-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240704/0-6a91c626baeaab333a0f722d13888fdf-0-6f68ddaaa27d480ab3fddd3e6d1a8a5b.png/big)
We like that insiders have been buying shares in the last twelve months. Having said that, most people consider earnings and revenue growth trends to be a more meaningful guide to the business. So we recommend checking out this free report showing consensus forecasts
我們喜歡內部人在過去12個月內購買股票。話雖如此,大多數人認爲收益和營收增長趨勢是業務的更有意義的指導。因此,我們建議查看此免費報告以顯示共識預測。
What About Dividends?
那麼分紅怎麼樣呢?
As well as measuring the share price return, investors should also consider the total shareholder return (TSR). 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. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. In the case of Perrigo, it has a TSR of -42% for the last 5 years. That exceeds its share price return that we previously mentioned. And there's no prize for guessing that the dividend payments largely explain the divergence!
除了衡量股價回報之外,投資者還應考慮總股東回報(TSR)。 TSR是一種回報計算,它考慮了現金股息的價值(假設任何股息都已重新投資)以及任何折扣融資和分拆計算出的價值。因此,對於支付慷慨股息的公司,TSR通常比股價回報高得多。就百利高而言,其過去5年的TSR爲-42%。這超過了我們之前提到的股價回報。並且毫無疑問,股息支付在很大程度上解釋了這種差異!
A Different Perspective
不同的觀點
Investors in Perrigo had a tough year, with a total loss of 20% (including dividends), against a market gain of about 24%. 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. Unfortunately, last year's performance may indicate unresolved challenges, given that it was worse than the annualised loss of 7% over the last half decade. Generally speaking long term share price weakness can be a bad sign, though contrarian investors might want to research the stock in hope of a turnaround. 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. Consider for instance, the ever-present spectre of investment risk. We've identified 3 warning signs with Perrigo (at least 1 which shouldn't be ignored) , and understanding them should be part of your investment process.
百利高的股東經歷了艱難的一年,總損失爲20%(包括股息),而市場收益約爲24%。即使好股票的股價有時也會下跌,但我們要看到企業的基本指標有所改善,然後再感興趣。不幸的是,去年的表現可能表明存在未解決的挑戰,因爲比過去五年的年化損失7%還要糟糕。一般而言,長期股價疲軟可能是個不好的跡象,儘管異見投資者可能希望研究該股以期實現扭轉局面。雖然考慮到市場狀況對股價的影響是非常值得的,但其他因素更爲重要。例如,投資風險這個存在。我們找出了Perrigo的三個警告信號(至少有1個不應被忽視),了解它們應該成爲您的投資過程的一部分。
Perrigo is not the only stock insiders are buying. So take a peek at this free list of small cap companies at attractive valuations which insiders have been buying.
Perrigo並不是唯一一家內部人購買的股票。因此,請查看此免費小型股票公司列表,這些公司估值有吸引力。
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。或電郵 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,也可以發送電子郵件至editorial-team@simplywallst.com