share_log

Pulling Back 8.2% This Week, FB Financial's NYSE:FBK) One-year Decline in Earnings May Be Coming Into Investors Focus

Pulling Back 8.2% This Week, FB Financial's NYSE:FBK) One-year Decline in Earnings May Be Coming Into Investors Focus

在本週回落8.2%,FB Financial(紐交所:FBK)的年度收益下滑可能正引起投資者的關注
Simply Wall St ·  12/19 20:06

These days it's easy to simply buy an index fund, and your returns should (roughly) match the market. But one can do better than that by picking better than average stocks (as part of a diversified portfolio). For example, the FB Financial Corporation (NYSE:FBK) share price is up 30% in the last 1 year, clearly besting the market return of around 24% (not including dividends). So that should have shareholders smiling. However, the longer term returns haven't been so impressive, with the stock up just 19% in the last three years.

如今,簡單地購買指數基金很容易,而且您的回報應該(大致地)與市場相匹配。但是,通過選擇比普通股更好的股票(作爲多元化投資組合的一部分),可以做得比這更好。例如,Fb金融公司(紐約證券交易所代碼:FBK)的股價在過去1年中上漲了30%,顯然超過了約24%(不包括股息)的市場回報率。因此,這應該讓股東們微笑。但是,長期回報並不那麼令人印象深刻,該股在過去三年中僅上漲了19%。

In light of the stock dropping 8.2% in the past week, we want to investigate the longer term story, and see if fundamentals have been the driver of the company's positive one-year return.

鑑於該股在過去一週下跌了8.2%,我們想調查長期情況,看看基本面是否是該公司一年期正回報的驅動力。

To paraphrase Benjamin Graham: Over the short term the market is a voting machine, but over the long term it's a weighing machine. 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).

用本傑明·格雷厄姆的話來說:從短期來看,市場是一臺投票機,但從長遠來看,它是一臺稱重機。研究市場情緒如何隨時間推移而變化的一種方法是研究公司的股價與其每股收益(EPS)之間的相互作用。

Over the last twelve months, FB Financial actually shrank its EPS by 17%.

在過去的十二個月中,Fb Financial實際上將其每股收益縮減了17%。

This means it's unlikely the market is judging the company based on earnings growth. Since the change in EPS doesn't seem to correlate with the change in share price, it's worth taking a look at other metrics.

這意味着市場不太可能根據收益增長來評判該公司。由於每股收益的變化似乎與股價的變化無關,因此值得研究其他指標。

We doubt the modest 1.3% dividend yield is doing much to support the share price. Unfortunately FB Financial's fell 10% over twelve months. So using a snapshot of key business metrics doesn't give us a good picture of why the market is bidding up the stock.

我們懷疑1.3%的適度股息收益率在很大程度上支撐了股價。不幸的是,Fb Financial在十二個月內下跌了10%。因此,使用關鍵業務指標的快照並不能讓我們很好地了解市場爲何上漲該股。

The image below shows how earnings and revenue have tracked over time (if you click on the image you can see greater detail).

下圖顯示了收入和收入在一段時間內的跟蹤情況(如果你點擊圖片,你可以看到更多的細節)。

big
NYSE:FBK Earnings and Revenue Growth December 19th 2024
紐約證券交易所:FBK收益和收入增長 2024年12月19日

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 report showing analyst forecasts should help you form a view on FB Financial

可能值得注意的是,我們在上個季度看到了大量的內幕買盤,我們認爲這是積極的。話雖如此,我們認爲收益和收入增長趨勢是更重要的考慮因素。這份顯示分析師預測的免費報告應該可以幫助您對Fb Financial形成看法

What About Dividends?

那股息呢?

As well as measuring the share price return, investors should also consider the total shareholder return (TSR). 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. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. As it happens, FB Financial's TSR for the last 1 year was 33%, which exceeds the share price return mentioned earlier. This is largely a result of its dividend payments!

除了衡量股價回報率外,投資者還應考慮股東總回報率(TSR)。基於股息再投資的假設,股東總回報率納入了任何分拆或貼現資本籌集的價值以及任何股息。因此,對於支付豐厚股息的公司來說,股東總回報率通常遠高於股價回報率。碰巧的是,Fb Financial在過去一年的股東總回報率爲33%,超過了前面提到的股價回報率。這在很大程度上是其股息支付的結果!

A Different Perspective

不同的視角

It's nice to see that FB Financial shareholders have received a total shareholder return of 33% over the last year. And that does include the dividend. That's better than the annualised return of 7% over half a decade, implying that the company is doing better recently. Given the share price momentum remains strong, it might be worth taking a closer look at the stock, lest you miss an opportunity. If you want to research this stock further, the data on insider buying is an obvious place to start. You can click here to see who has been buying shares - and the price they paid.

很高興看到Fb Financial的股東在過去一年中獲得了33%的總股東回報率。這確實包括股息。這比五年來7%的年化回報率要好,這意味着該公司最近的表現更好。鑑於股價勢頭仍然強勁,可能值得仔細研究該股,以免錯過機會。如果你想進一步研究這隻股票,內幕買入的數據顯然是一個起點。您可以點擊此處查看誰在購買股票以及他們支付的價格。

If you like to buy stocks alongside management, then you might just love this free list of companies. (Hint: most of them are flying under the radar).

如果你想和管理層一起購買股票,那麼你可能會喜歡這份免費的公司清單。(提示:它們中的大多數都在雷達下飛行)。

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,本文引用的市場回報反映了目前在美國交易所交易的股票的市場加權平均回報率。

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.

對這篇文章有反饋嗎?擔心內容嗎?直接聯繫我們。或者,發送電子郵件給編輯組(網址爲)simplywallst.com。
Simply Wall St 的這篇文章本質上是籠統的。我們僅使用公正的方法提供基於歷史數據和分析師預測的評論,我們的文章並非旨在提供財務建議。它不構成買入或賣出任何股票的建議,也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本數據驅動的長期重點分析。請注意,我們的分析可能不會考慮最新的價格敏感型公司公告或定性材料。華爾街只是沒有持有上述任何股票的頭寸。

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
    搶先評論