The 57% Return Delivered to Park-Ohio Holdings' (NASDAQ:PKOH) Shareholders Actually Lagged YoY Earnings Growth
The 57% Return Delivered to Park-Ohio Holdings' (NASDAQ:PKOH) Shareholders Actually Lagged YoY Earnings Growth
These days it's easy to simply buy an index fund, and your returns should (roughly) match the market. But investors can boost returns by picking market-beating companies to own shares in. To wit, the Park-Ohio Holdings Corp. (NASDAQ:PKOH) share price is 54% higher than it was a year ago, much better than the market return of around 21% (not including dividends) in the same period. If it can keep that out-performance up over the long term, investors will do very well! Unfortunately the longer term returns are not so good, with the stock falling 9.1% in the last three years.
這些天,很容易簡單地買入指數基金,您的回報應(大致)與市場相匹配。但是,投資者可以通過選擇市場領先的公司持有股份來提高回報。就此而言,納斯達克市場上的帕克俄亥俄控股股價比一年前高出54%,遠高於同期市場回報率(不包括分紅派息)的約21%。如果這種超額表現能長期持續下去,投資者將受益匪淺!不幸的是,該股的長期回報率並不那麼好,在過去三年中下跌了9.1%。
Since it's been a strong week for Park-Ohio Holdings shareholders, let's have a look at trend of the longer term fundamentals.
由於帕克俄亥俄控股股東度過了強勁的一週,讓我們來看看更長期的基本面趨勢。
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. 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.
在他的文章《格雷厄姆-多德斯維爾的超級投資人》中,禾倫·巴菲特描述了股票價格並不總是理性地反映公司價值的情況。一種有缺陷但合理的評估公司情緒如何變化的方法是將每股收益(EPS)與股票價格進行比較。
During the last year Park-Ohio Holdings grew its earnings per share (EPS) by 162%. This EPS growth is significantly higher than the 54% increase in the share price. Therefore, it seems the market isn't as excited about Park-Ohio Holdings as it was before. This could be an opportunity. This cautious sentiment is reflected in its (fairly low) P/E ratio of 9.59.
在過去的一年裏,Park-Ohio Holdings的每股收益(EPS)增長了162%。這種EPS增長顯然高於股價增長的54%。因此,市場似乎對Park-Ohio Holdings不像以前那麼興奮。這可能是一個機會。這種謹慎情緒在其相對較低的市盈率(9.59)中得到了體現。
The graphic below depicts how EPS has changed over time (unveil the exact values by clicking on the image).
下圖顯示了EPS隨時間變化的情況(點擊圖像以顯示確切值)。
![big](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240718/0-c89308acb131467e9d2bf5b81ac97b86-0-6f1e5aad2cf5303129d72c5e71c3468b.png/big)
It's probably worth noting we've seen significant insider buying in the last quarter, which we consider a positive. That said, we think earnings and revenue growth trends are even more important factors to consider. This free interactive report on Park-Ohio Holdings' earnings, revenue and cash flow is a great place to start, if you want to investigate the stock further.
值得注意的是,我們在上個季度看到了重大內部買入,這被我們視爲一種積極因素。話雖如此,我們認爲盈利和營收增長趨勢更是要考慮的重要因素。如果您想進一步調查該股票,Park-Ohio Holdings的盈利、營收和現金流的免費交互式報告是一個不錯的起點。
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 Park-Ohio Holdings the TSR over the last 1 year was 57%, 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,考慮總股東回報和股價回報都很重要。TSR是一種回報計算方法,它考慮了現金股利(假設任何收到的股利都已再投資)的價值以及任何折扣資本籌集和拆分的計算價值。可以說,TSR給出了股票產生的回報更全面的圖像。我們注意到,對於帕克俄亥俄控股而言,過去一年的TSR爲57%,優於以上提到的股價回報。公司支付的分紅派息使得總股東回報率進一步提高。
A Different Perspective
不同的觀點
It's good to see that Park-Ohio Holdings has rewarded shareholders with a total shareholder return of 57% in the last twelve months. And that does include the dividend. That's better than the annualised return of 0.4% over half a decade, implying that the company is doing better recently. In the best case scenario, this may hint at some real business momentum, implying that now could be a great time to delve deeper. 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. Like risks, for instance. Every company has them, and we've spotted 3 warning signs for Park-Ohio Holdings (of which 1 is potentially serious!) you should know about.
看到帕克俄亥俄控股在過去12個月裏爲股東創造了57%的總股東回報(包括股息),這非常令人高興。相比之下,半個世紀以來的年化收益率爲0.4%,這意味着公司近期業務狀況有所好轉。在最理想的情況下,這可能暗示着一些真正的業務動力,表明現在是深入研究的絕佳時機。雖然值得考慮市場條件對股價的不同影響,但還有其他更重要的因素。比如風險。每家公司都有自己的風險,而我們發現了3個可能很嚴重的警示標誌,您應該知道其中1個是關於帕克俄亥俄控股的。
Park-Ohio Holdings 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.
帕克俄亥俄控股不是唯一股票的內部人員正在購買。因此,請看看這個以有吸引力的估值買入的小盤股免費名單的。
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。