Those Who Invested in Curtiss-Wright (NYSE:CW) Three Years Ago Are up 157%
Those Who Invested in Curtiss-Wright (NYSE:CW) Three Years Ago Are up 157%
The most you can lose on any stock (assuming you don't use leverage) is 100% of your money. But if you buy shares in a really great company, you can more than double your money. For example, the Curtiss-Wright Corporation (NYSE:CW) share price has soared 154% in the last three years. Most would be happy with that. On top of that, the share price is up 12% in about a quarter. But this move may well have been assisted by the reasonably buoyant market (up 5.7% in 90 days).
任何一隻股票的最大虧損是100%(假設您不使用槓桿),但如果您買入一家真正優秀的公司的股票,您可以獲得超過100%的回報。例如,寇蒂斯萊特公司(NYSE:CW)的股價在過去三年中飆升了154%。大多數人對此會感到滿意。此外,股價在一個季度內上漲了12%。但這種上漲可能受到了相對繁榮的市場的助推(90天內上漲了5.7%)。
So let's investigate and see if the longer term performance of the company has been in line with the underlying business' progress.
那麼,讓我們調查一下並查看公司的長期表現是否符合基本業務的進展。
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。
Curtiss-Wright was able to grow its EPS at 21% per year over three years, sending the share price higher. In comparison, the 36% per year gain in the share price outpaces the EPS growth. This suggests that, as the business progressed over the last few years, it gained the confidence of market participants. It's not unusual to see the market 're-rate' a stock, after a few years of growth.
寇蒂斯萊特公司三年來每年EPS增長21%,使股價上漲。相比之下,股價每年增長36%,超過了EPS的增長。這表明,隨着業務在過去幾年中的發展,市場參與者對其獲得了更多的信心。在幾年的增長後,看到市場對一支股票進行「再定價」並不罕見。
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)。
![1724669255110](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240826/42870715-0-8614e5c45224f79cfddf2700a3dc8a4f.webp/bigjpg)
We know that Curtiss-Wright has improved its bottom line lately, but is it going to grow revenue? Check if analysts think Curtiss-Wright will grow revenue in the future.
我們知道寇蒂斯萊特最近改善了其底線,但它的營業收入會增長嗎?查看分析師是否認爲寇蒂斯萊特將來會增長收入。
What About Dividends?
那麼分紅怎麼樣呢?
When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. 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. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. We note that for Curtiss-Wright the TSR over the last 3 years was 157%, which is better than the share price return mentioned above. And there's no prize for guessing that the dividend payments largely explain the divergence!
在觀察投資回報時,重要的是考慮到總股東回報率(TSR)與股價回報率之間的差異。TSR是一個回報計算,考慮到現金分紅的價值(假設獲得的任何股息都是再投資的)以及任何折價資本籌集和拆分的計算值。可以說TSR給出了支付股息的股票的更完整的圖片。我們注意到寇蒂斯萊特在過去的3年中TSR爲157%,比上述的股價回報要好。毫無疑問,股息支付在很大程度上解釋了這種差異!
A Different Perspective
不同的觀點
It's good to see that Curtiss-Wright has rewarded shareholders with a total shareholder return of 50% in the last twelve months. Of course, that includes the dividend. Since the one-year TSR is better than the five-year TSR (the latter coming in at 21% per year), it would seem that the stock's performance has improved in recent times. Given the share price momentum remains strong, it might be worth taking a closer look at the stock, lest you miss an opportunity. Before spending more time on Curtiss-Wright it might be wise to click here to see if insiders have been buying or selling shares.
很高興看到寇蒂斯萊特在過去十二個月裏爲股東帶來了50%的總股東回報。當然,這其中包括了股息。由於一年的TSR優於五年的TSR(後者爲每年21%),似乎該股的表現近期有所提高。鑑於股價動力仍然強勁,仔細研究一下該股可能是值得的,免得錯過機會。在花更多時間研究寇蒂斯萊特之前,點擊這裏查看內部人是否一直在買入或賣出股票可能是明智的。
Of course Curtiss-Wright may not be the best stock to buy. So you may wish to see this free collection of growth stocks.
當然,寇蒂斯萊特可能不是最好的股票可供購買。所以你可能希望查看這個免費的增長股票合集。
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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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。