Investors Bid PAR Technology (NYSE:PAR) up US$107m Despite Increasing Losses YoY, Taking Five-year CAGR to 12%
Investors Bid PAR Technology (NYSE:PAR) up US$107m Despite Increasing Losses YoY, Taking Five-year CAGR to 12%
If you want to compound wealth in the stock market, you can do so by buying an index fund. But the truth is, you can make significant gains if you buy good quality businesses at the right price. For example, the PAR Technology Corporation (NYSE:PAR) share price is 78% higher than it was five years ago, which is more than the market average. It's fair to say the stock has continued its long term trend in the last year, over which it has risen 38%.
如果你想在股票市場上增加財富,你可以通過購買指數基金來實現。但事實是,如果你以合適的價格購買高質量的企業,你可以獲得可觀的收益。例如,PAR科技公司(紐約證券交易所代碼:PAR)的股價比五年前高出78%,高於市場平均水平。可以公平地說,該股在去年延續了長期走勢,上漲了38%。
Since the stock has added US$107m to its market cap in the past week alone, let's see if underlying performance has been driving long-term returns.
由於該股僅在過去一週就增加了1.07億美元的市值,讓我們看看基礎表現是否推動了長期回報。
Check out our latest analysis for PAR Technology
查看我們對 PAR 技術的最新分析
PAR Technology wasn't profitable in the last twelve months, it is unlikely we'll see a strong correlation between its share price and its earnings per share (EPS). Arguably revenue is our next best option. Generally speaking, companies without profits are expected to grow revenue every year, and at a good clip. Some companies are willing to postpone profitability to grow revenue faster, but in that case one does expect good top-line growth.
PAR Technology在過去十二個月中沒有盈利,我們不太可能看到其股價與每股收益(EPS)之間存在很強的相關性。可以說,收入是我們的下一個最佳選擇。一般而言,沒有利潤的公司預計每年收入將增長,而且速度很快。一些公司願意推遲盈利以更快地增加收入,但在這種情況下,人們確實預計收入會有良好的增長。
For the last half decade, PAR Technology can boast revenue growth at a rate of 18% per year. That's well above most pre-profit companies. It's good to see that the stock has 12%, but not entirely surprising given revenue shows strong growth. If you think there could be more growth to come, now might be the time to take a close look at PAR Technology. Of course, you'll have to research the business more fully to figure out if this is an attractive opportunity.
在過去的五年中,PAR Technology可以以每年18%的速度實現收入增長。這遠高於大多數盈利前公司。很高興看到該股上漲了12%,但鑑於收入顯示出強勁的增長,這並不完全令人驚訝。如果你認爲未來可能會有更多的增長,那麼現在可能是仔細研究PAR Technology的時候了。當然,你必須對業務進行更全面的研究,以確定這是否是一個有吸引力的機會。
You can see how earnings and revenue have 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收入和收入隨時間推移而發生的變化(點擊圖表查看確切值)。
![earnings-and-revenue-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240119/0-8fd7566727ea880a16bddb0954ef4781-0-5820e6447c427baa595d32caee885d7c.png/big)
We're pleased to report that the CEO is remunerated more modestly than most CEOs at similarly capitalized companies. It's always worth keeping an eye on CEO pay, but a more important question is whether the company will grow earnings throughout the years. So we recommend checking out this free report showing consensus forecasts
我們很高興地向大家報告,首席執行官的薪酬比資本狀況相似的公司的大多數首席執行官更適中。始終值得關注首席執行官的薪酬,但更重要的問題是公司多年來是否會增加收益。因此,我們建議您查看這份顯示共識預測的免費報告
What About The Total Shareholder Return (TSR)?
那麼股東總回報(TSR)呢?
Investors should note that there's a difference between PAR Technology's total shareholder return (TSR) and its share price change, which we've covered above. The TSR attempts to capture the value of dividends (as if they were reinvested) as well as any spin-offs or discounted capital raisings offered to shareholders. PAR Technology hasn't been paying dividends, but its TSR of 80% exceeds its share price return of 78%, implying it has either spun-off a business, or raised capital at a discount; thereby providing additional value to shareholders.
投資者應注意,PAR Technology的股東總回報率(TSR)與其股價變動之間存在差異,我們在上面已經介紹了這一點。股東總回報率試圖捕捉股息(就好像它們被再投資一樣)以及向股東提供的任何分拆或折扣資本籌集的價值。PAR Technology尚未派發股息,但其80%的股東回報率超過了78%的股價回報率,這意味着它要麼分拆了業務,要麼以折扣價籌集了資金;從而爲股東提供了額外價值。
A Different Perspective
不同的視角
We're pleased to report that PAR Technology shareholders have received a total shareholder return of 38% over one year. That's better than the annualised return of 12% over half a decade, implying that the company is doing better recently. Someone with an optimistic perspective could view the recent improvement in TSR as indicating that the business itself is getting better with time. It's always interesting to track share price performance over the longer term. But to understand PAR Technology better, we need to consider many other factors. For example, we've discovered 3 warning signs for PAR Technology that you should be aware of before investing here.
我們很高興地向大家報告,PAR Technology的股東在一年內獲得了38%的總股東回報率。這比五年來12%的年化回報率要好,這意味着該公司最近的表現更好。持樂觀態度的人可能會將最近股東總回報率的改善視爲業務本身隨着時間的推移而變得更好。長期跟蹤股價表現總是很有意思的。但是,爲了更好地理解 PAR 技術,我們需要考慮許多其他因素。例如,我們發現了PAR Technology的3個警告信號,在投資之前,您應該注意這些信號。
If you like to buy stocks alongside management, then you might just love this free list of companies. (Hint: insiders have been buying them).
如果你想與管理層一起購買股票,那麼你可能會喜歡這份免費的公司名單。(提示:業內人士一直在購買它們)。
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。
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?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。