Stock Yards Bancorp (NASDAQ:SYBT) Stock Performs Better Than Its Underlying Earnings Growth Over Last Five Years
Stock Yards Bancorp (NASDAQ:SYBT) Stock Performs Better Than Its Underlying Earnings Growth Over Last Five Years
When you buy and hold a stock for the long term, you definitely want it to provide a positive return. Better yet, you'd like to see the share price move up more than the market average. But Stock Yards Bancorp, Inc. (NASDAQ:SYBT) has fallen short of that second goal, with a share price rise of 65% over five years, which is below the market return. But if you include dividends then the return is market-beating. Unfortunately the share price is down 33% in the last year.
當你長期購買並持有股票時,你肯定希望它能提供正回報。更好的是,你希望看到股價的上漲幅度超過市場平均水平。但是Stock Yards Bancorp, Inc.(納斯達克股票代碼:SYBT)尚未實現第二個目標,股價在五年內上漲了65%,低於市場回報率。但是,如果將股息包括在內,則回報率將超過市場。不幸的是,去年股價下跌了33%。
On the back of a solid 7-day performance, let's check what role the company's fundamentals have played in driving long term shareholder returns.
在連續7天表現穩健的背景下,讓我們來看看公司的基本面在推動長期股東回報方面發揮了什麼作用。
See our latest analysis for Stock Yards Bancorp
查看我們對 Stock Yards Bancorp 的最新分析
There is no denying that markets are sometimes efficient, but prices do not always reflect underlying business performance. By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time.
不可否認,市場有時是有效的,但價格並不總是能反映潛在的業務表現。通過比較每股收益(EPS)和一段時間內的股價變化,我們可以了解投資者對公司的態度是如何隨着時間的推移而變化的。
During five years of share price growth, Stock Yards Bancorp achieved compound earnings per share (EPS) growth of 14% per year. This EPS growth is higher than the 11% average annual increase in the share price. Therefore, it seems the market has become relatively pessimistic about the company.
在五年的股價增長中,Stock Yards Bancorp實現了每年14%的每股複合收益(EPS)增長。每股收益的增長高於股價每年平均增長11%。因此,看來市場對該公司已經變得相對悲觀了。
You can see how EPS has changed over time in the image below (click on the chart to see the exact values).
您可以在下圖中看到 EPS 隨時間推移的變化(點擊圖表查看確切值)。
![earnings-per-share-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20231205/0-f9dacf37069713c419b4d8bf4229b10f-0-328611948bda970740eaed89b7c4a638.png/big)
We consider it positive that insiders have made significant purchases in the last year. Having said that, most people consider earnings and revenue growth trends to be a more meaningful guide to the business. This free interactive report on Stock Yards Bancorp's earnings, revenue and cash flow is a great place to start, if you want to investigate the stock further.
我們認爲,去年內部人士進行了大量收購,這是積極的。話雖如此,大多數人認爲收益和收入增長趨勢是更有意義的業務指南。如果你想進一步調查該股,這份關於Stock Yards Bancorp的收益、收入和現金流的免費互動報告是一個不錯的起點。
What About Dividends?
分紅呢?
As well as measuring the share price return, investors should also consider the total shareholder return (TSR). 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. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. In the case of Stock Yards Bancorp, it has a TSR of 87% for the last 5 years. That exceeds its share price return that we previously mentioned. This is largely a result of its dividend payments!
除了衡量股價回報外,投資者還應考慮股東總回報(TSR)。股東總回報率是一種回報計算方法,它考慮了現金分紅的價值(假設收到的任何股息已被再投資)以及任何貼現資本籌集和分拆的計算價值。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。就Stock Yards Bancorp而言,其過去5年的股東總回報率爲87%。這超過了我們之前提到的股價回報率。這在很大程度上是其股息支付的結果!
A Different Perspective
不同的視角
While the broader market gained around 16% in the last year, Stock Yards Bancorp shareholders lost 32% (even including dividends). Even the share prices of good stocks drop sometimes, but we want to see improvements in the fundamental metrics of a business, before getting too interested. On the bright side, long term shareholders have made money, with a gain of 13% per year over half a decade. If the fundamental data continues to indicate long term sustainable growth, the current sell-off could be an opportunity worth considering. 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. Consider for instance, the ever-present spectre of investment risk. We've identified 2 warning signs with Stock Yards Bancorp (at least 1 which can't be ignored) , and understanding them should be part of your investment process.
儘管去年整個市場上漲了約16%,但Stock Yards Bancorp的股東卻下跌了32%(甚至包括股息)。即使是優質股票的股價有時也會下跌,但我們希望看到企業的基本指標有所改善,然後才會變得過於感興趣。好的一面是,長期股東已經賺了錢,在過去的五年中,每年收益13%。如果基本面數據繼續顯示長期可持續增長,那麼當前的拋售可能是一個值得考慮的機會。我發現從長遠來看,將股價視爲業務表現的代表非常有趣。但是,要真正獲得見解,我們還需要考慮其他信息。例如,以永遠存在的投資風險幽靈爲例。我們在Stock Yards Bancorp上發現了兩個警告信號(至少有1個不容忽視),了解它們應該成爲您投資過程的一部分。
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.
還有很多其他公司有內部人士購買股票。你可能不想錯過這份業內人士正在收購的成長型公司的免費名單。
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.
對這篇文章有反饋嗎?對內容感到擔憂?直接聯繫我們。 或者,給編輯團隊 (at) simplywallst.com 發送電子郵件。
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根據歷史數據和分析師的預測提供評論,我們的文章無意作爲財務建議。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,我們的分析可能不考慮最新的價格敏感型公司公告或定性材料。簡而言之,華爾街沒有持有任何上述股票的頭寸。