Standex International (NYSE:SXI) Sheds 3.2% This Week, as Yearly Returns Fall More in Line With Earnings Growth
Standex International (NYSE:SXI) Sheds 3.2% This Week, as Yearly Returns Fall More in Line With Earnings Growth
Generally speaking the aim of active stock picking is to find companies that provide returns that are superior to the market average. And the truth is, you can make significant gains if you buy good quality businesses at the right price. For example, the Standex International Corporation (NYSE:SXI) share price is up 91% in the last 5 years, clearly besting the market return of around 72% (ignoring dividends). However, more recent returns haven't been as impressive as that, with the stock returning just 33% in the last year , including dividends .
總的來說,積極挑選股票的目的是尋找超過市場平均回報的公司。事實上,如果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,Standex International Corporation(紐交所:SXI)的股價在過去的5年中上漲了91%,明顯優於市場回報率約爲72%(不包括分紅)。但是,最近的回報並不如此驚人,包括股息在內,該股在過去一年中只有33%的回報。
Although Standex International has shed US$57m from its market cap this week, let's take a look at its longer term fundamental trends and see if they've driven returns.
雖然Standex International本週市值縮水了5700萬美元,但讓我們來看看它更長期的基本趨勢,看看它們是否推動了回報。
Check out our latest analysis for Standex International
了解Standex International的最新分析。
While the efficient markets hypothesis continues to be taught by some, it has been proven that markets are over-reactive dynamic systems, and investors are not always rational. 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.
雖然一些人仍然在教授高效市場假說,但已經證明市場是過度反應的動態系統,投資者不總是理性的。一種有缺陷但合理的評估公司情緒變化的方法是比較每股收益 (EPS) 與股價。
Over half a decade, Standex International managed to grow its earnings per share at 35% a year. This EPS growth is higher than the 14% average annual increase in the share price. So it seems the market isn't so enthusiastic about the stock these days.
在過去的五年中,Standex International成功地使每股收益年均增長35%。此EPS增長高於股價的平均年增長率14%。因此,市場對該股票似乎並不那麼熱衷。
The graphic below depicts how EPS has changed over time (unveil the exact values by clicking on the image).
下圖顯示了EPS隨時間變化的情況(點擊圖像以顯示確切值)。
![earnings-per-share-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240129/0-2318dcabe97525af87f730b20cf6bde4-0-14b7fc7d4b0ba73824dfd7ac5b6d6bf2.png/big)
It is of course excellent to see how Standex International has grown profits over the years, but the future is more important for shareholders. Take a more thorough look at Standex International's financial health with this free report on its balance sheet.
當然,看到Standex International多年來的利潤增長很好,但未來對股東來說更爲重要。使用這份免費報告來更全面地了解Standex International的財務狀況。
What About Dividends?
那麼分紅怎麼樣呢?
When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. Whereas the share price return only reflects the change in the share price, the TSR includes the value of dividends (assuming they were reinvested) and the benefit of any discounted capital raising or spin-off. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. In the case of Standex International, it has a TSR of 102% for the last 5 years. That exceeds its share price return that we previously mentioned. This is largely a result of its dividend payments!
在考慮投資回報時,重要的是考慮總股東回報(TSR)和股票回報之間的差異。 TSR包括任何剝離或折讓的資本籌集(基於股息被重新投資的假設),以及任何股息。因此,對於支付慷慨的股息公司而言,TSR通常比股票回報高得多。就中國神威藥業集團而言,其TSR在過去5年中達到了75%。這超過了我們之前提到的股票回報。該公司支付的股息已經提高了總股東回報。總股東回報和股票回報股價回報僅反映股價變化,而TSR則包括股息(假設它們被再投資)的價值和任何折扣的資本籌集或分拆的好處。可以說,TSR爲支付股息的股票提供了更完整的畫面。在Standex International的情況下,它在過去5年中的TSR爲102%。這超過了我們之前提到的股價回報。這在很大程度上是由於它的股息支付所致!
A Different Perspective
不同的觀點
We're pleased to report that Standex International shareholders have received a total shareholder return of 33% over one year. Of course, that includes the dividend. Since the one-year TSR is better than the five-year TSR (the latter coming in at 15% per year), it would seem that the stock's performance has improved in recent times. Given the share price momentum remains strong, it might be worth taking a closer look at the stock, lest you miss an opportunity. It's always interesting to track share price performance over the longer term. But to understand Standex International better, we need to consider many other factors. For instance, we've identified 3 warning signs for Standex International (1 is a bit concerning) that you should be aware of.
我們很高興地報告,Standex International的股東在一年內獲得了33%的總股東回報率。當然,這包括分紅。由於一年的TSR比五年的TSR好(後者每年爲15%),因此似乎該股票的表現近期有所提高。考慮到股價的增長勢頭仍然強勁,這可能值得更加密切地關注該股票,以免錯過機會。在更長時間內跟蹤股價表現總是很有趣的。但是,要更好地了解Standex International,我們需要考慮許多其他因素。例如,我們已經確定了3個Standex International的警告信號(其中1個有點令人擔憂),你應該了解。
But note: Standex International 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:Standex International可能不是最好的股票買入選擇。因此,查看具有過去收益增長的有趣公司(以及進一步增長預測)的此免費列表可能會對你有幫助。
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,本文所引述的市場回報反映了目前在美國交易所上市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.
對本文有反饋?關於內容有所顧慮?直接和我們聯繫。或電郵 editorial-team (at) simplywallst.com。
這篇文章是Simply Wall St的一般性文章。我們根據歷史數據和分析師預測提供評論,只使用公正的方法論,我們的文章並不意味着提供任何金融建議。文章不構成買賣任何股票的建議,也不考慮您的目標或您的財務狀況。我們的目標是帶給您基本數據驅動的長期關注分析。請注意,我們的分析可能不考慮最新的價格敏感公司公告或定性材料。Simply Wall St沒有任何股票頭寸。