Even After Rising 11% This Past Week, OPENLANE (NYSE:KAR) Shareholders Are Still Down 28% Over the Past Five Years
Even After Rising 11% This Past Week, OPENLANE (NYSE:KAR) Shareholders Are Still Down 28% Over the Past Five Years
OPENLANE, Inc. (NYSE:KAR) shareholders should be happy to see the share price up 14% in the last month. But if you look at the last five years the returns have not been good. In fact, the share price is down 30%, which falls well short of the return you could get by buying an index fund.
OPENLANE,Inc. (紐交所:KAR)的股東們應該會對過去一個月股價上漲14%感到高興。但如果你看過去的5年,回報並不好。事實上,股價下跌了30%,遠遠不及購買指數基金所能獲得的回報。
Although the past week has been more reassuring for shareholders, they're still in the red over the last five years, so let's see if the underlying business has been responsible for the decline.
雖然過去一週股東的投資回報率有所緩解,但在過去五年中仍處於虧損狀態,因此讓我們看看這家公司的基本業務是否是導致下跌的原因。
OPENLANE wasn't profitable in the last twelve months, it is unlikely we'll see a strong correlation between its share price and its earnings per share (EPS). Arguably revenue is our next best option. Shareholders of unprofitable companies usually desire strong revenue growth. That's because fast revenue growth can be easily extrapolated to forecast profits, often of considerable size.
OPENLANE在過去的十二個月內沒有盈利,因此其股票價格和每股收益(EPS)之間可能沒有強烈的相關性。可以說營業收入是我們的下一個最佳選擇。不盈利公司的股東通常希望營業收入有強勁的增長。這是因爲快速增長的營業收入通常可以被推算成可觀的利潤預測。
In the last five years OPENLANE saw its revenue shrink by 14% per year. That's definitely a weaker result than most pre-profit companies report. On the face of it we'd posit the share price fall of 5% compound, over five years is well justified by the fundamental deterioration. We doubt many shareholders are delighted with this share price performance. Risk averse investors probably wouldn't like this one much.
在過去的5年中,OPENLANE的營收每年下降14%。這絕對是大多數未盈利公司報告的較弱結果。從表面上看,我們認爲股價在5年內的複合下跌5%是基本面惡化所引起的。我們懷疑許多股東對這個股價表現並不滿意。不喜歡高風險的投資者可能不會喜歡這個。
You can see how earnings and revenue have changed over time in the image below (click on the chart to see the exact values).
你可以在下面的圖片中看到收入和營業收入隨時間的變化情況(單擊圖表可查看精確值)。
![big](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240718/0-1204a4802ee929862bbf81a6b5249ea4-0-ed1cf96a8447cf59bc4c9cb85425f65c.png/big)
We consider it positive that insiders have made significant purchases in the last year. Even so, future earnings will be far more important to whether current shareholders make money. You can see what analysts are predicting for OPENLANE in this interactive graph of future profit estimates.
我們認爲內部人員在過去一年中進行了重大購買是積極的。儘管如此,未來的收益將更加重要,這將決定現有股東是否賺錢。您可以在OPENLANE未來利潤預測的互動圖表中看到分析師的預測。
What About The Total Shareholder Return (TSR)?
那麼,股東總回報(TSR)呢?
We've already covered OPENLANE's share price action, but we should also mention its total shareholder return (TSR). Arguably the TSR is a more complete return calculation because it accounts for the value of dividends (as if they were reinvested), along with the hypothetical value of any discounted capital that have been offered to shareholders. Dividends have been really beneficial for OPENLANE shareholders, and that cash payout explains why its total shareholder loss of 28%, over the last 5 years, isn't as bad as the share price return.
我們已經介紹了OPENLANE的股價行動,但我們還應該提到它的股東總回報(TSR)。可以說,TSR是一種更完整的回報計算,因爲它考慮了股息的價值(如果它們被再投資),以及向股東提供的任何折扣資本的假想價值。股息對OPENLANE股東非常有益,並且這筆現金支付解釋了爲什麼它在過去5年中的總股東損失爲28%,並不像股價回報那樣糟糕。
A Different Perspective
不同的觀點
OPENLANE shareholders gained a total return of 19% during the year. But that was short of the market average. But at least that's still a gain! Over five years the TSR has been a reduction of 5% per year, over five years. So this might be a sign the business has turned its fortunes around. 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 1 warning sign for OPENLANE that you should be aware of.
OPENLANE股東在今年獲得了總回報19%。但是,這低於市場平均水平。但至少這仍然是一種收益!在過去的5年中,TSR每年下降了5%,超過了5年。因此,這可能是企業的功績已經扭轉的跡象。雖然考慮到市場條件可能對股價產生的不同影響非常值得注意,但還有其他更重要的因素。例如,我們已經確定OPENLANE有1個警告信號,您應該注意。
OPENLANE 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.
OPENLANE不是內部人員購買的唯一股票。因此,請看看這個免費的小市值公司列表,這些公司估值有吸引力,內部人員一直在購買。
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。
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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.
對本文有任何反饋?對內容有任何疑慮?請直接與我們聯繫。或者,發送電子郵件至editorial-team@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
對本文有任何反饋?對內容有任何疑慮?請直接與我們聯繫。或者,發送電子郵件至editorial-team@simplywallst.com。