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The Total Return for Balchem (NASDAQ:BCPC) Investors Has Risen Faster Than Earnings Growth Over the Last Five Years

The Total Return for Balchem (NASDAQ:BCPC) Investors Has Risen Faster Than Earnings Growth Over the Last Five Years

過去五年,拜切公司(納斯達克股票代碼:BCPC)的總回報增長速度比盈利增長速度更快。
Simply Wall St ·  08/07 06:57

If you want to compound wealth in the stock market, you can do so by buying an index fund. But the truth is, you can make significant gains if you buy good quality businesses at the right price. For example, the Balchem Corporation (NASDAQ:BCPC) share price is up 84% in the last five years, slightly above the market return. It's also good to see a healthy gain of 21% in the last year.

如果你想在股市中增加財富,可以通過買入指數基金來實現。但事實上,如果你以正確的價格購買優質企業,同樣能夠獲得巨大收益。例如,Balchem Corporation (NASDAQ:BCPC)的股價在過去五年中上漲了84%,略高於市場回報率。去年還實現了21%的健康增長。

While this past week has detracted from the company's five-year return, let's look at the recent trends of the underlying business and see if the gains have been in alignment.

雖然過去的一週削弱了公司的五年回報,但讓我們看看業務的最近趨勢,並查看收益是否已對齊。

There is no denying that markets are sometimes efficient, but prices do not always reflect underlying business performance. One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS).

市場有時無疑是高效的,但價格並不總是反映基礎業務表現。 一種檢查市場情緒如何隨時間改變的方法是查看公司的股價與每股收益(EPS)之間的互動。

During five years of share price growth, Balchem achieved compound earnings per share (EPS) growth of 8.2% per year. This EPS growth is slower than the share price growth of 13% per year, over the same period. So it's fair to assume the market has a higher opinion of the business than it did five years ago. That's not necessarily surprising considering the five-year track record of earnings growth. This optimism is visible in its fairly high P/E ratio of 45.89.

在股價增長的五年中,Balchem實現了每股收益複合增長率爲8.2%。與同期股價增長率13%相比,這種EPS增長速度較慢。因此,可以合理地認爲市場對該業務的看法比五年前更高。考慮到五年的收益增長記錄,這並不令人意外。這種樂觀情緒在它相當高的市盈率45.89中顯而易見。

You can see below how EPS has changed over time (discover the exact values by clicking on the image).

下面可以看到每股收益隨時間的變化情況(通過點擊圖像來查看確切數值)。

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NasdaqGS:BCPC Earnings Per Share Growth August 7th 2024
納斯達克:BCPC每股收益增長2024年8月7日

We know that Balchem has improved its bottom line lately, but is it going to grow revenue? If you're interested, you could check this free report showing consensus revenue forecasts.

我們知道Balchem近期已改善其底線,但它是否將增加收入?如果您有興趣,可以查看此免費報告以顯示共識收入預測。

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 incorporates the value of any spin-offs or discounted capital raisings, along with any dividends, based on the assumption that the dividends are reinvested. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. As it happens, Balchem's TSR for the last 5 years was 88%, which exceeds the share price return mentioned earlier. This is largely a result of its dividend payments!

考慮到任何給定股票的總股東回報率以及股票價格回報率都是非常重要的。TSR包括任何分拆或折價增資的價值,以及任何股息,基於股息再投資的假設。可以說,TSR爲支付股息的股票提供了更完整的圖景。事實上,Balchem in過去5年的TSR爲88%,超過上述股價回報。這在很大程度上是其分紅支付的結果!

A Different Perspective

不同的觀點

It's good to see that Balchem has rewarded shareholders with a total shareholder return of 22% in the last twelve months. Of course, that includes the dividend. That gain is better than the annual TSR over five years, which is 13%. Therefore it seems like sentiment around the company has been positive lately. In the best case scenario, this may hint at some real business momentum, implying that now could be a great time to delve deeper. 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. Case in point: We've spotted 1 warning sign for Balchem you should be aware of.

很高興看到Balchem在過去十二個月中向股東回報了22%的總股東回報率。當然,這包括分紅。這種增長比五年的年度TSR(13%)要好。因此,似乎公司周圍的情緒最近一直很積極。在最好的情況下,這可能暗示着一些真正的業務動力,這意味着現在可能是深入研究的好時機。我認爲,長期的股價變化是業績表現的一個很好的代理。但是要真正獲得洞察力,我們還需要考慮其他信息。點到爲止:我們已經發現了1個Balchem的警示,您應該注意。

If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of companies that have proven they can grow earnings.

如果您願意查看另一家公司(具有潛在的更好財務狀況),請不要錯過這個免費的公司列表,證明它們可以增長收益。

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。

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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