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Illinois Tool Works' (NYSE:ITW) Investors Will Be Pleased With Their Favorable 73% Return Over the Last Five Years

Illinois Tool Works' (NYSE:ITW) Investors Will Be Pleased With Their Favorable 73% Return Over the Last Five Years

伊利諾伊機械(紐交所:ITW)的投資者在過去五年中獲得了令人滿意的73%回報。
Simply Wall St ·  07/07 08:28

Illinois Tool Works Inc. (NYSE:ITW) shareholders might be concerned after seeing the share price drop 11% in the last quarter. On the bright side the share price is up over the last half decade. Unfortunately its return of 54% is below the market return of 96%.

伊利諾伊機械股份有限公司(紐約證券交易所:ITW)的股東們可能會感到擔憂,因爲股價在上季度下跌了11%。光明的一面是,股價在過去的五年中有所上漲。不幸的是,它的回報率達54%,低於市場回報率的96%。

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.

現在值得更詳細地了解該公司的基本面,因爲這將幫助我們判斷長期股東回報是否與基礎業務的表現相匹配。

There is no denying that markets are sometimes efficient, but prices do not always reflect underlying business performance. One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement.

不可否認的是,市場有時是高效的,但價格並不總是反映潛在的商業表現。一個不完美但簡單的方法來考慮公司市場感知如何改變是比較每股收益(EPS)變化和股價變動。

During five years of share price growth, Illinois Tool Works achieved compound earnings per share (EPS) growth of 6.3% per year. This EPS growth is slower than the share price growth of 9% per year, over the same period. This suggests that market participants hold the company in higher regard, these days. And that's hardly shocking given the track record of growth.

在五年的股價增長期間,伊利諾伊機械的每股收益複合增長率爲6.3%每年。然而,相同期間股價增長9%每年,因此表明市場參與者現在更高地看好這家公司。這並不奇怪,考慮到其成長的業績記錄。

The image below shows how EPS has tracked over time (if you click on the image you can see greater detail).

下圖顯示了EPS隨時間的變化情況(如果您單擊該圖像,則可以查看更多詳細信息)。

earnings-per-share-growth
NYSE:ITW Earnings Per Share Growth July 7th 2024
紐交所: ITW 2024年7月7日的每股收益增長

It's probably worth noting we've seen significant insider buying in the last quarter, which we consider a positive. On the other hand, we think the revenue and earnings trends are much more meaningful measures of the business. It might be well worthwhile taking a look at our free report on Illinois Tool Works' earnings, revenue and cash flow.

值得注意的是,我們在上個季度看到了大量內部買入行爲,這被認爲是一個積極的信號。另一方面,我們認爲營收和盈利趨勢是更有意義的業務度量標準。看看我們關於伊利諾伊機械的收益、營收和現金流的免費報告,可能很值得一看。

What About Dividends?

那麼分紅怎麼樣呢?

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. We note that for Illinois Tool Works the TSR over the last 5 years was 73%, which is better than the share price return mentioned above. The dividends paid by the company have thusly boosted the total shareholder return.

對於任何給定的股票,考慮總股東回報以及股價回報都很重要。TSR是一種回報計算,考慮了現金股利的價值(假設任何收到的股利都被再投資),以及任何折扣後的增資和分拆股份的計算價值。可以說,TSR給出了股票產生的回報更全面的圖景。我們注意到,在過去的5年中,伊利諾伊機械的TSR爲73%,高於上述股價回報。公司支付的股息因此提高了股東回報。

A Different Perspective

不同的觀點

While the broader market gained around 26% in the last year, Illinois Tool Works shareholders lost 2.2% (even including dividends). However, keep in mind that even the best stocks will sometimes underperform the market over a twelve month period. Longer term investors wouldn't be so upset, since they would have made 12%, each year, over five years. It could be that the recent sell-off is an opportunity, so it may be worth checking the fundamental data for signs of a long term growth trend. 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. Case in point: We've spotted 1 warning sign for Illinois Tool Works you should be aware of.

儘管整個市場在過去的一年中上漲了約26%,但伊利諾伊機械的股東們卻虧損了2.2%(即使包括分紅在內)。然而,請記住,即使最好的股票在12個月的時間段內有時也會表現不如市場。長期投資者不會感到太失望,因爲他們在五年內每年都獲得了12%的收益。近期的拋售可能是個機會,所以值得檢查基本面數據以尋找長期增長趨勢的跡象。雖然考慮市場條件對股價的影響是非常值得的,但還有其他更重要的因素。例如:我們注意到伊利諾伊機械存在着1個警示信號,你應該注意。

Illinois Tool Works 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.

伊利諾伊機械股份有限公司並不是內部人買入的唯一股票。因此,請查看這份免費的小盤公司列表,這些公司以有吸引力的估值被內部人買入。

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

声明:本內容僅用作提供資訊及教育之目的,不構成對任何特定投資或投資策略的推薦或認可。 更多信息
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