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The Total Return for Graphic Packaging Holding (NYSE:GPK) Investors Has Risen Faster Than Earnings Growth Over the Last Five Years

The Total Return for Graphic Packaging Holding (NYSE:GPK) Investors Has Risen Faster Than Earnings Growth Over the Last Five Years

在過去五年中,Graphic Packaging Holding(紐交所:GPK)投資者的總回報增長速度超過了盈利增長。
Simply Wall St ·  12/20 01:09

If you buy and hold a stock for many years, you'd hope to be making a profit. Better yet, you'd like to see the share price move up more than the market average. But Graphic Packaging Holding Company (NYSE:GPK) has fallen short of that second goal, with a share price rise of 64% over five years, which is below the market return. Zooming in, the stock is up a respectable 12% in the last year.

如果你買入並持有一隻股票多年,你會希望能夠盈利。更好的是,你希望看到股價上漲超過市場平均水平。然而,Graphic Packaging Holding Company(紐交所:GPK)在這一目標上未能達到,其股價在五年內上漲了64%,低於市場回報率。細看之下,過去一年該股票上漲了12%。

While the stock has fallen 6.2% this week, it's worth focusing on the longer term and seeing if the stocks historical returns have been driven by the underlying fundamentals.

雖然這隻股票本週下跌了6.2%,但值得關注更長期的因素,看看這隻股票的歷史回報是否受到其基本面的驅動。

While the efficient markets hypothesis continues to be taught by some, it has been proven that markets are over-reactive dynamic systems, and investors are not always rational. 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).

雖然有效市場假說仍然會被一些人教授,但已經證明市場是過度反應的動態系統,投資者並不總是理性的。考察市場情緒隨時間變化的一種方法是查看公司股價與每股收益(EPS)之間的互動。

Over half a decade, Graphic Packaging Holding managed to grow its earnings per share at 26% a year. The EPS growth is more impressive than the yearly share price gain of 10% over the same period. So one could conclude that the broader market has become more cautious towards the stock. This cautious sentiment is reflected in its (fairly low) P/E ratio of 11.55.

在五年的時間裏,Graphic Packaging Holding的每股收益以每年26%的速度增長。每股收益的增長比同期股價年均增長10%更具吸引力。因此,可以得出結論,市場對該股票變得更加謹慎。這種謹慎的情緒在其(相對較低的)市盈率11.55中得到了體現。

The company's earnings per share (over time) is depicted in the image below (click to see the exact numbers).

公司的每股收益(隨時間)如下圖所示(點擊查看確切數字)。

big
NYSE:GPK Earnings Per Share Growth December 19th 2024
紐交所:GPk 每股收益增長 2024年12月19日

We know that Graphic Packaging Holding has improved its bottom line over the last three years, but what does the future have in store? It might be well worthwhile taking a look at our free report on how its financial position has changed over time.

我們知道Graphic Packaging Holding在過去三年中改善了其底線,但未來將會怎樣呢?查看我們關於其財務狀況如何隨時間變化的免費報告可能非常值得。

What About Dividends?

關於分紅派息的問題

When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. Whereas the share price return only reflects the change in the share price, the TSR includes the value of dividends (assuming they were reinvested) and the benefit of any discounted capital raising or spin-off. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. In the case of Graphic Packaging Holding, it has a TSR of 78% for the last 5 years. That exceeds its share price return that we previously mentioned. This is largely a result of its dividend payments!

在查看投資回報時,考慮總股東回報(TSR)與股價回報之間的差異是很重要的。股價回報只是反映了股價的變化,而TSR包括了分紅的價值(假設這些分紅被再投資)和任何折扣資本融資或分拆的益處。因此,對於那些支付豐厚分紅的公司來說,TSR常常遠高於股價回報。以Graphic Packaging Holding爲例,其過去5年的TSR爲78%。這超過了我們之前提到的股價回報。這在很大程度上是其分紅支付的結果!

A Different Perspective

不同的視角

Graphic Packaging Holding shareholders gained a total return of 14% during the year. But that was short of the market average. The silver lining is that the gain was actually better than the average annual return of 12% per year over five year. It is possible that returns will improve along with the business fundamentals. It's always interesting to track share price performance over the longer term. But to understand Graphic Packaging Holding better, we need to consider many other factors. Consider for instance, the ever-present spectre of investment risk. We've identified 3 warning signs with Graphic Packaging Holding (at least 1 which is potentially serious) , and understanding them should be part of your investment process.

Graphic Packaging Holding的股東在過去一年獲得了14%的總回報。但這低於市場平均水平。好的一面是,這一增幅實際上好於過去五年每年12%的平均年回報。隨着業務基本面的改善,回報可能會有所提高。追蹤股價在更長時間內的表現總是很有趣。但要更好地理解Graphic Packaging Holding,我們需要考慮許多其他因素。例如,投資風險的陰影始終存在。我們已經識別出Graphic Packaging Holding的3個警示信號(至少有1個可能是嚴重的),理解這些信號應該是你投資過程的一部分。

For those who like to find winning investments this free list of undervalued companies with recent insider purchasing, could be just the ticket.

對於喜歡尋找贏家投資的人來說,這份關於最近有內部人士購買的被低估公司的免費名單,可能正是你所需要的。

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,本文中引用的市場回報反映了當前在美國交易所上市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.

對本文有反饋?對內容有疑慮?請直接與我們聯繫。或者,發送電子郵件至 editorial-team (at) simplywallst.com。
這篇來自Simply Wall St的文章是一般性的。我們根據歷史數據和分析師預測提供評論,採用無偏見的方法,我們的文章並不旨在提供財務建議。它不構成對任何股票的買入或賣出建議,也未考慮到您的目標或財務狀況。我們旨在爲您提供以基本數據驅動的長期分析。請注意,我們的分析可能未考慮最新的價格敏感公司公告或定性材料。Simply Wall St在提到的任何股票中均沒有持倉。

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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