Zoetis' (NYSE:ZTS) Investors Will Be Pleased With Their Splendid 127% Return Over the Last Five Years
Zoetis' (NYSE:ZTS) Investors Will Be Pleased With Their Splendid 127% Return Over the Last Five Years
When you buy shares in a company, it's worth keeping in mind the possibility that it could fail, and you could lose your money. But on a lighter note, a good company can see its share price rise well over 100%. For instance, the price of Zoetis Inc. (NYSE:ZTS) stock is up an impressive 120% over the last five years. On top of that, the share price is up 22% in about a quarter. But this move may well have been assisted by the reasonably buoyant market (up 17% in 90 days).
當你購買一家公司的股票時,值得記住它可能倒閉的可能性,你可能會賠錢。但簡而言之,一家好的公司的股價可以上漲超過100%。例如,Zoetis公司(紐約證券交易所代碼:ZTS)的股票價格在過去五年中上漲了120%,令人印象深刻。最重要的是,股價在大約一個季度內上漲了22%。但是,這一舉措很可能得到了相當活躍的市場(90天內上漲了17%)的推動。
Now it's worth having a look at the company's fundamentals too, because that will help us determine if the long term shareholder return has matched the performance of the underlying business.
現在也值得一看公司的基本面,因爲這將有助於我們確定長期股東回報是否與基礎業務的表現相匹配。
Check out our latest analysis for Zoetis
查看我們對 Zoetis 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.
儘管一些人繼續教導高效市場假說,但事實證明,市場是反應過度的動態系統,投資者並不總是理性的。評估公司情緒變化的一種有缺陷但合理的方法是將每股收益(EPS)與股價進行比較。
During five years of share price growth, Zoetis achieved compound earnings per share (EPS) growth of 16% per year. So the EPS growth rate is rather close to the annualized share price gain of 17% per year. That suggests that the market sentiment around the company hasn't changed much over that time. In fact, the share price seems to largely reflect the EPS growth.
在五年的股價增長中,Zoetis實現了每年16%的複合每股收益(EPS)增長。因此,每股收益的增長率相當接近每年17%的年化股價漲幅。這表明,在那段時間內,公司周圍的市場情緒沒有太大變化。實際上,股價似乎在很大程度上反映了每股收益的增長。
The company's earnings per share (over time) is depicted in the image below (click to see the exact numbers).
該公司的每股收益(隨着時間的推移)如下圖所示(點擊查看確切數字)。
![earnings-per-share-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240129/0-da3ab92519e1568224caf5e23b235998-0-2fb021086c69b1795d2e461b0902526a.png/big)
We know that Zoetis has improved its bottom line lately, but is it going to grow revenue? You could check out this free report showing analyst revenue forecasts.
我們知道Zoetis最近提高了利潤,但它會增加收入嗎?您可以查看這份顯示分析師收入預測的免費報告。
What About Dividends?
分紅呢?
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. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. As it happens, Zoetis' TSR for the last 5 years was 127%, which exceeds the share price return mentioned earlier. This is largely a result of its dividend payments!
在考慮投資回報時,重要的是要考慮兩者之間的區別 股東總回報 (TSR) 和 股價回報。儘管股價回報率僅反映股價的變化,但股東總回報率包括股息的價值(假設已進行再投資)以及任何折扣融資或分拆的收益。可以說,股東總回報率更全面地描述了股票產生的回報。碰巧的是,Zoetis在過去5年的股東總回報率爲127%,超過了前面提到的股價回報率。這在很大程度上是其股息支付的結果!
A Different Perspective
不同的視角
Zoetis shareholders gained a total return of 17% during the year. But that was short of the market average. If we look back over five years, the returns are even better, coming in at 18% per year for five years. Maybe the share price is just taking a breather while the business executes on its growth strategy. 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 risks, for instance. Every company has them, and we've spotted 1 warning sign for Zoetis you should know about.
Zoetis股東在該年度的總回報率爲17%。但這低於市場平均水平。如果我們回顧五年,回報率甚至更高,五年內每年爲18%。也許在企業執行增長戰略的同時,股價只是在稍作休息。我發現將長期股價視爲業務績效的代表非常有趣。但是,要真正獲得見解,我們還需要考慮其他信息。例如,考慮風險。每家公司都有它們,我們發現了一個你應該知道的Zoetis警告信號。
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。
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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。