Fastenal's (NASDAQ:FAST) Investors Will Be Pleased With Their Stellar 156% Return Over the Last Five Years
Fastenal's (NASDAQ:FAST) Investors Will Be Pleased With Their Stellar 156% Return Over the Last Five Years
The most you can lose on any stock (assuming you don't use leverage) is 100% of your money. But on the bright side, you can make far more than 100% on a really good stock. For example, the Fastenal Company (NASDAQ:FAST) share price has soared 124% in the last half decade. Most would be very happy with that. We note the stock price is up 1.3% in the last seven days.
任何股票的最大虧損 (假設您沒有使用槓桿) 是您的全部資金。但是好的一面是,在真正好的股票上,您的收益可以超過100%。例如,Fastenal公司 (納斯達克代碼:FAST) 的股價在過去的五年中已經飆升了124%。大多數人應該對此感到非常高興。我們注意到股價在過去七天中上漲了1.3%。
So let's assess the underlying fundamentals over the last 5 years and see if they've moved in lock-step with shareholder returns.
因此,讓我們評估過去5年的基本面,看看它們是否和股東的回報率相符。
To quote Buffett, 'Ships will sail around the world but the Flat Earth Society will flourish. There will continue to be wide discrepancies between price and value in the marketplace...' 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.
引用巴菲特的話說,「船隻會在世界各地航行,但是持平地球學會會蓬勃發展。在市場上,價格和價值之間將繼續存在巨大的差距……」評估公司周圍情緒變化的一種有缺陷但合理的方法是將每股收益(EPS)與股價進行比較。
Over half a decade, Fastenal managed to grow its earnings per share at 8.5% a year. This EPS growth is lower than the 17% average annual increase in the share price. So it's fair to assume the market has a higher opinion of the business than it did five years ago. And that's hardly shocking given the track record of growth.
在過去的五年中,Fastenal設法以每年8.5%的速度增加其每股收益。這種每股收益的增長低於17%的股價平均年增長率。因此可以說,市場對該公司的看法比五年前更高。鑑於其增長記錄,這並不令人感到驚訝。
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/7781/20240820/0-b9baba552feb9a06acbe22430b25043b-0-ddfb9ef480dca1c8c5630c6f1cd32217.png/big)
We consider it positive that insiders have made significant purchases in the last year. Having said that, most people consider earnings and revenue growth trends to be a more meaningful guide to the business. Dive deeper into the earnings by checking this interactive graph of Fastenal's earnings, revenue and cash flow.
我們認爲內部人士在過去一年中進行了重大購買是積極的。但話說回來,大多數人認爲收益和營業收入的增長趨勢對業務更具有意義。通過查看Fastenal收益、營業收入和現金流的交互式圖表,深入了解收益情況。
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. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. As it happens, Fastenal's TSR for the last 5 years was 156%, which exceeds the share price return mentioned earlier. This is largely a result of its dividend payments!
對於任何給定的股票,考慮到股息價值(假設收到的任何股息都被再投資)和任何折現的募集資金和分拆的計算價值,都應該考慮股東總回報率和股價回報率。因此,對於付出豐厚股息的公司,TSR往往比股價回報率高得多。事實上,Fastenal在過去5年中的TSR爲156%,超過了之前提到的股價回報率。這在很大程度上是由於其股息支付造成的!
A Different Perspective
不同的觀點
Fastenal shareholders gained a total return of 20% during the year. But that return falls short of the market. On the bright side, the longer term returns (running at about 21% a year, over half a decade) look better. It's quite possible the business continues to execute with prowess, even as the share price gains are slowing. It is all well and good that insiders have been buying shares, but we suggest you check here to see what price insiders were buying at.
Fastenal股東在過去一年中獲得了總回報率爲20%。但是這種回報率低於市場。但好的一面是,長期回報率(在半個世紀內每年約爲21%)看似更好。很可能企業在股價上漲放緩的同時,仍能夠繼續擁有高超的運營能力。內部人士一直在購買股票,這很好,但我們建議您在此處查看內部人士所購買的價格。
Fastenal 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.
Fastenal並不是內部人士正在購買的唯一股票。所以請查看這個免費的小盤公司買入的吸引人估值清單。
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。