PC Connection's (NASDAQ:CNXN) 8.8% CAGR Outpaced the Company's Earnings Growth Over the Same Five-year Period
PC Connection's (NASDAQ:CNXN) 8.8% CAGR Outpaced the Company's Earnings Growth Over the Same Five-year Period
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 PC Connection, Inc. (NASDAQ:CNXN) has fallen short of that second goal, with a share price rise of 44% over five years, which is below the market return. On a brighter note, more newer shareholders are probably rather content with the 22% share price gain over twelve months.
如果你購買並持有一隻股票多年,你就有希望盈利。更好的是,你希望看到股價的漲幅超過市場平均水準。但PC連接,Inc.納斯達克(Sequoia Capital:CNXN)沒有達到第二個目標,其股價在五年內上漲了44%,低於市場回報率。從更樂觀的方面來看,更多的新股東可能對過去12個月22%的股價漲幅相當滿意。
The past week has proven to be lucrative for PC Connection investors, so let's see if fundamentals drove the company's five-year performance.
過去一週對PC Connection投資者來說是有利可圖的,所以讓我們看看基本面因素是否推動了該公司五年的業績。
See our latest analysis for PC Connection
查看我們對PC連接的最新分析
There is no denying that markets are sometimes efficient, but prices do not always reflect underlying business performance. 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.
不可否認,市場有時是有效的,但價格並不總是反映潛在的商業表現。評估圍繞一家公司的情緒變化的一個有缺陷但合理的方法是將每股收益(EPS)與股價進行比較。
During five years of share price growth, PC Connection achieved compound earnings per share (EPS) growth of 4.1% per year. This EPS growth is slower than the share price growth of 8% per year, over the same period. This suggests that market participants hold the company in higher regard, these days. That's not necessarily surprising considering the five-year track record of earnings growth.
在股價增長的五年中,PC Connection實現了每股收益(EPS)每年4.1%的復合增長。這一每股收益的增長慢於同期股價每年8%的增長。這表明,這些天來,市場參與者對該公司的評價更高。考慮到五年來盈利增長的記錄,這並不一定令人驚訝。
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(在一段時間內)如下圖所示(點擊查看具體數位)。
![earnings-per-share-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20231011/0-265c89aa2d3ac443639b798bcc6c5a65-0-539721c8d667c2ce64d831cf816a4814.png/big)
This free interactive report on PC Connection's earnings, revenue and cash flow is a great place to start, if you want to investigate the stock further.
這免費如果你想進一步調查PC Connection的股票,那麼關於PC Connection的收益、收入和現金流的互動報告是一個很好的起點。
What About Dividends?
那股息呢?
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. In the case of PC Connection, it has a TSR of 52% for the last 5 years. That exceeds its share price return that we previously mentioned. And there's no prize for guessing that the dividend payments largely explain the divergence!
在考察投資回報時,重要的是要考慮到股東總回報(TSR)和股價回報。TSR是一種回報計算,計入了現金股息的價值(假設收到的任何股息都進行了再投資),以及任何貼現融資和剝離的計算價值。公平地說,TSR為支付股息的股票提供了更完整的圖景。在PC連接的情況下,過去5年的TSR為52%。這超過了我們之前提到的它的股價回報。而且,猜測股息支付在很大程度上解釋了這種差異是沒有好處的!
A Different Perspective
不同的視角
PC Connection provided a TSR of 24% over the year (including dividends). That's fairly close to the broader market return. Most would be happy with a gain, and it helps that the year's return is actually better than the average return over five years, which was 9%. Even if the share price growth slows down from here, there's a good chance that this is business worth watching in the long term. It's always interesting to track share price performance over the longer term. But to understand PC Connection better, we need to consider many other factors. Consider risks, for instance. Every company has them, and we've spotted 1 warning sign for PC Connection you should know about.
PC Connection提供了全年24%的TSR(包括股息)。這與大盤回報率相當接近。大多數人會對收益感到高興,而且今年的回報率實際上好於過去五年9%的平均回報率,這對投資有幫助。即使股價增長從現在開始放緩,從長遠來看,這也很有可能是一項值得關注的業務。跟蹤股價的長期表現總是很有趣的。但為了更好地理解PC連接,我們需要考慮許多其他因素。例如,考慮一下風險。每家公司都有它們,我們已經發現1個PC連接警告標誌你應該知道。
But note: PC Connection may not be the best stock to buy. So take a peek at this free list of interesting companies with past earnings growth (and further growth forecast).
但請注意:PC連接可能不是最值得購買的股票。所以讓我們來看看這個免費過去有盈利增長(以及進一步增長預測)的有趣公司名單。
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.
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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.
對這篇文章有什麼反饋嗎?擔心內容嗎? 保持聯繫直接與我們聯繫.或者,也可以給編輯組發電子郵件,地址是暗示Wallst.com。
本文由Simply Wall St.撰寫,具有概括性.我們僅使用不偏不倚的方法提供基於歷史數據和分析師預測的評論,我們的文章並不打算作為財務建議.它不構成買賣任何股票的建議,也沒有考慮你的目標或你的財務狀況.我們的目標是為您帶來由基本面數據驅動的長期重點分析.請注意,我們的分析可能不會將最新的對價格敏感的公司公告或定性材料考慮在內.Simply Wall St.對上述任何一隻股票都沒有持倉.