Even After Rising 7.8% This Past Week, Kronos Worldwide (NYSE:KRO) Shareholders Are Still Down 21% Over the Past Three Years
Even After Rising 7.8% This Past Week, Kronos Worldwide (NYSE:KRO) Shareholders Are Still Down 21% Over the Past Three Years
It is doubtless a positive to see that the Kronos Worldwide, Inc. (NYSE:KRO) share price has gained some 38% in the last three months. But that cannot eclipse the less-than-impressive returns over the last three years. In fact, the share price is down 34% in the last three years, falling well short of the market return.
Kronos Worldwide, Inc.(紐約證券交易所代碼:KRO)的股價在過去三個月中上漲了約38%,這無疑是一個積極因素。但這並不能掩蓋過去三年來不那麼令人印象深刻的回報。實際上,股價在過去三年中下跌了34%,遠低於市場回報率。
Although the past week has been more reassuring for shareholders, they're still in the red over the last three years, so let's see if the underlying business has been responsible for the decline.
儘管過去一週令股東更加放心,但在過去三年中,他們仍處於虧損狀態,所以讓我們看看基礎業務是否是造成下降的原因。
View our latest analysis for Kronos Worldwide
查看我們對 Kronos Worldwide 的最新分析
While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just 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.
雖然市場是一種強大的定價機制,但股價反映了投資者的情緒,而不僅僅是潛在的業務表現。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。
Over the three years that the share price declined, Kronos Worldwide's earnings per share (EPS) dropped significantly, falling to a loss. Since the company has fallen to a loss making position, it's hard to compare the change in EPS with the share price change. However, we can say we'd expect to see a falling share price in this scenario.
在股價下跌的三年中,Kronos Worldwide的每股收益(EPS)大幅下降,跌至虧損。由於該公司已跌至虧損狀態,因此很難將每股收益的變化與股價的變化進行比較。但是,我們可以說,在這種情況下,我們預計股價將下跌。
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/7781/20240125/0-0e39e436cae0eedd159a5b07869930c7-0-2657f57884761cf0962ef34cf9954882.png/big)
We're pleased to report that the CEO is remunerated more modestly than most CEOs at similarly capitalized companies. But while CEO remuneration is always worth checking, the really important question is whether the company can grow earnings going forward. Before buying or selling a stock, we always recommend a close examination of historic growth trends, available here..
我們很高興地向大家報告,首席執行官的薪水比資本相似公司的大多數首席執行官都要適中。但是,儘管首席執行官的薪酬總是值得檢查的,但真正重要的問題是公司未來能否增加收益。在買入或賣出股票之前,我們始終建議仔細研究歷史增長趨勢,可在此處查閱。
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 incorporates the value of any spin-offs or discounted capital raisings, along with any dividends, based on the assumption that the dividends are reinvested. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. In the case of Kronos Worldwide, it has a TSR of -21% for the last 3 years. That exceeds its share price return that we previously mentioned. This is largely a result of its dividend payments!
除了衡量股價回報率外,投資者還應考慮股東總回報率(TSR)。基於股息再投資的假設,股東總回報率納入了任何分拆或貼現資本籌集的價值以及任何股息。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率。就克羅諾斯全球而言,在過去的3年中,其股東總回報率爲-21%。這超過了我們之前提到的其股價回報率。這在很大程度上是其股息支付的結果!
A Different Perspective
不同的視角
Kronos Worldwide shareholders are down 5.5% for the year (even including dividends), but the market itself is up 21%. 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. Regrettably, last year's performance caps off a bad run, with the shareholders facing a total loss of 0.6% per year over five years. Generally speaking long term share price weakness can be a bad sign, though contrarian investors might want to research the stock in hope of a turnaround. It's always interesting to track share price performance over the longer term. But to understand Kronos Worldwide better, we need to consider many other factors. Consider risks, for instance. Every company has them, and we've spotted 2 warning signs for Kronos Worldwide you should know about.
Kronos Worldwide的股東今年下跌了5.5%(甚至包括股息),但市場本身上漲了21%。即使是優質股票的股價有時也會下跌,但我們希望在過於感興趣之前看到企業基本指標的改善。遺憾的是,去年的業績結束了糟糕的表現,股東在五年內每年面臨0.6%的總虧損。總的來說,長期股價疲軟可能是一個壞兆頭,儘管逆勢投資者可能希望研究該股以期出現轉機。長期跟蹤股價表現總是很有意思的。但是,爲了更好地了解Kronos Worldwide,我們需要考慮許多其他因素。例如,考慮風險。每家公司都有它們,我們發現了兩個你應該知道的Kronos Worldwide警告信號。
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of companies that have proven they can grow earnings.
如果你想看看另一家公司——一家財務狀況可能優異的公司——那麼千萬不要錯過這份已經證明自己可以增加收益的公司的免費名單。
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。