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.
当你长期购买并持有股票时,你肯定希望它能提供正回报。更好的是,你希望看到股价的上涨幅度超过市场平均水平。但是Stock Yards Bancorp, Inc.(纳斯达克股票代码:SYBT)尚未实现第二个目标,股价在五年内上涨了65%,低于市场回报率。但是,如果将股息包括在内,则回报率将超过市场。不幸的是,去年股价下跌了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.
在连续7天表现稳健的背景下,让我们来看看公司的基本面在推动长期股东回报方面发挥了什么作用。
See our latest analysis for Stock Yards Bancorp
查看我们对 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.
不可否认,市场有时是有效的,但价格并不总是能反映潜在的业务表现。通过比较每股收益(EPS)和一段时间内的股价变化,我们可以了解投资者对公司的态度是如何随着时间的推移而变化的。
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.
在五年的股价增长中,Stock Yards Bancorp实现了每年14%的每股复合收益(EPS)增长。每股收益的增长高于股价每年平均增长11%。因此,看来市场对该公司已经变得相对悲观了。
You can see how EPS has changed over time in the image below (click on the chart to see the exact values).
您可以在下图中看到 EPS 随时间推移的变化(点击图表查看确切值)。
![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.
我们认为,去年内部人士进行了大量收购,这是积极的。话虽如此,大多数人认为收益和收入增长趋势是更有意义的业务指南。如果你想进一步调查该股,这份关于Stock Yards Bancorp的收益、收入和现金流的免费互动报告是一个不错的起点。
What About Dividends?
分红呢?
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!
除了衡量股价回报外,投资者还应考虑股东总回报(TSR)。股东总回报率是一种回报计算方法,它考虑了现金分红的价值(假设收到的任何股息已被再投资)以及任何贴现资本筹集和分拆的计算价值。因此,对于支付丰厚股息的公司来说,股东总回报率通常远高于股价回报。就Stock Yards Bancorp而言,其过去5年的股东总回报率为87%。这超过了我们之前提到的股价回报率。这在很大程度上是其股息支付的结果!
A Different Perspective
不同的视角
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.
尽管去年整个市场上涨了约16%,但Stock Yards Bancorp的股东却下跌了32%(甚至包括股息)。即使是优质股票的股价有时也会下跌,但我们希望看到企业的基本指标有所改善,然后才会变得过于感兴趣。好的一面是,长期股东已经赚了钱,在过去的五年中,每年收益13%。如果基本面数据继续显示长期可持续增长,那么当前的抛售可能是一个值得考虑的机会。我发现从长远来看,将股价视为业务表现的代表非常有趣。但是,要真正获得见解,我们还需要考虑其他信息。例如,以永远存在的投资风险幽灵为例。我们在Stock Yards Bancorp上发现了两个警告信号(至少有1个不容忽视),了解它们应该成为您投资过程的一部分。
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.
还有很多其他公司有内部人士购买股票。你可能不想错过这份业内人士正在收购的成长型公司的免费名单。
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on American exchanges.
请注意,本文引用的市场回报反映了目前在美国交易所交易的股票的市场加权平均回报。
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Simply Wall St的这篇文章本质上是笼统的。我们仅使用公正的方法根据历史数据和分析师的预测提供评论,我们的文章无意作为财务建议。它不构成买入或卖出任何股票的建议,也没有考虑到您的目标或财务状况。我们的目标是为您提供由基本数据驱动的长期重点分析。请注意,我们的分析可能不考虑最新的价格敏感型公司公告或定性材料。简而言之,华尔街没有持有任何上述股票的头寸。