Those Who Invested in Tractor Supply (NASDAQ:TSCO) Five Years Ago Are up 184%
Those Who Invested in Tractor Supply (NASDAQ:TSCO) Five Years Ago Are up 184%
The worst result, after buying shares in a company (assuming no leverage), would be if you lose all the money you put in. But when you pick a company that is really flourishing, you can make more than 100%. One great example is Tractor Supply Company (NASDAQ:TSCO) which saw its share price drive 164% higher over five years. We note the stock price is up 2.0% in the last seven days.
在購買公司股票之後,最糟糕的結果(假設沒有槓桿)就是你投入的所有資金都虧損了。但當你選擇的公司真的蓬勃發展時,你可以獲利超過100%。一個很好的例子就是拖拉機供應公司(納斯達克:TSCO),在過去五年裏,其股價上漲了164%。我們注意到股價在過去七天上漲了2.0%。
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 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).
引用巴菲特的話,「船隻會在世界各地航行,但扁平地球協會將空前盛行。市場上的價格和價值將繼續存在巨大差異… 」檢查市場情緒如何隨時間變化的一種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, Tractor Supply achieved compound earnings per share (EPS) growth of 18% per year. So the EPS growth rate is rather close to the annualized share price gain of 21% per year. Therefore one could conclude that sentiment towards the shares hasn't morphed very much. Indeed, it would appear the share price is reacting to the EPS.
在股價增長的五年期間,拖拉機供應公司實現了每股收益(EPS)複合增長率爲18%。因此,EPS增長率與年化股價增長率21%相當接近。因此可以得出結論,市場對這些股票的看法並沒有改變太多。實際上,股價似乎是對EPS做出反應。
The company's earnings per share (over time) is depicted in the image below (click to see the exact numbers).
該公司的每股收益(隨時間的推移)如下圖所示(單擊可查看確切數字)。
![1724672637238](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240826/42875339-0-e9f4f9ee3e93aad17639b8fc226ae263.webp/bigjpg)
This free interactive report on Tractor Supply's earnings, revenue and cash flow is a great place to start, if you want to investigate the stock further.
這份免費互動報告涵蓋了拖拉機供應公司的收入、營業收入和現金流,是進一步調查股票的絕佳起點。
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. As it happens, Tractor Supply's TSR for the last 5 years was 184%, which exceeds the share price return mentioned earlier. And there's no prize for guessing that the dividend payments largely explain the divergence!
重要考慮股東總回報,以及任何給定股票的股價回報。TSR是一個回報計算,考慮現金分紅價值(假設任何收到的股息都進行再投資)以及任何折扣資金籌集和剝離的計算價值。可以說,TSR可以更全面地展現股票帶來的回報情況。正巧,拖拉機供應公司過去5年的TSR爲184%,超過了先前提到的股價回報。毋庸置疑,分紅付款在很大程度上解釋了這種差異!
A Different Perspective
不同的觀點
Tractor Supply shareholders are up 25% for the year (even including dividends). But that was short of the market average. The silver lining is that the gain was actually better than the average annual return of 23% per year over five year. This suggests the company might be improving over time. 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. For example, we've discovered 1 warning sign for Tractor Supply that you should be aware of before investing here.
拖拉機供應公司股東今年的漲幅爲25%(包括分紅)。但這還不到市場平均水平。值得慶幸的是,這一漲幅實際上比過去五年每年23%的平均回報更好。這表明公司可能隨着時間的推移在改善。我發現長期關注股價作爲業績代理很有趣。但要真正獲得洞察力,我們還需要考慮其他信息。例如,我們發現了一項拖拉機供應公司的1個警示信號,你在投資之前應該注意。
If you are like me, then you will not want to miss this free list of undervalued small caps that insiders are buying.
如果您像我一樣,就不會希望錯過這份免費的內部人士正在購買的低估小市值股票列表。
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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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。