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Investing in Emerson Electric (NYSE:EMR) Five Years Ago Would Have Delivered You a 85% Gain

Investing in Emerson Electric (NYSE:EMR) Five Years Ago Would Have Delivered You a 85% Gain

如果你在五年前投資艾默生電氣(紐交所:EMR),你將獲得85%的收益。
Simply Wall St ·  06/21 08:37

The main point of investing for the long term is to make money. Furthermore, you'd generally like to see the share price rise faster than the market. Unfortunately for shareholders, while the Emerson Electric Co. (NYSE:EMR) share price is up 64% in the last five years, that's less than the market return. On a brighter note, more newer shareholders are probably rather content with the 24% share price gain over twelve months.

長期投資的主要目的是賺錢。此外,您通常希望看到股價上漲速度超過市場。不幸的是,艾默生電氣公司(NYSE: EMR)股價在過去五年中上漲了64%,但低於市場回報率。更令人振奮的是,新股東可能對過去十二個月24%的股價上漲感到滿意。

Let's take a look at the underlying fundamentals over the longer term, and see if they've been consistent with shareholders returns.

讓我們長期看一下潛在的基本面,看看它們是否與股東回報一致。

In his essay The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not always rationally reflect the value of a business. One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement.

在他的文章《格雷厄姆和多德斯維爾超級投資者》中,禾倫·巴菲特描述了股票價格並不總是反映公司價值的合理方式。考慮市場對公司的看法如何發生變化的一個不完美但簡單的方法是將每股收益(EPS)的變化與股價的變動進行比較。股票價格並不總是反映公司價值的合理方式在股價上漲的5年中,新加坡交易所由虧損逐漸轉爲盈利。而在之後的12個月內,該公司的財務報表則呈虧損狀態,這表明它的盈利能力不可靠。其他指標可能會更好地反映公司的價值變化。

During five years of share price growth, Emerson Electric actually saw its EPS drop 1.8% per year.

在五年的股價增長中,艾默生電氣的每股收益實際上每年下降了1.8%。

By glancing at these numbers, we'd posit that the decline in earnings per share is not representative of how the business has changed over the years. Since the change in EPS doesn't seem to correlate with the change in share price, it's worth taking a look at other metrics.

通過觀察這些數據,我們可以得出結論:每股收益下降並不代表業務在過去幾年發生了變化。由於每股收益的變化似乎與股價的變化不相關,所以值得關注一些其他的指標。

The modest 1.9% dividend yield is unlikely to be propping up the share price. It is not great to see that revenue has dropped by 4.6% per year over five years. So it seems one might have to take closer look at earnings and revenue trends to see how they might influence the share price.

適度的1.9%的股息收益率不可能支撐股價。很遺憾營業收入在過去五年中每年下降了4.6%。因此,似乎我們需要更仔細地觀察收益和收入趨勢,以了解它們如何影響股價。

You can see how earnings and revenue have changed over time in the image below (click on the chart to see the exact values).

你可以在下面的圖片中看到收入和營業收入隨時間的變化情況(單擊圖表可查看精確值)。

earnings-and-revenue-growth
NYSE:EMR Earnings and Revenue Growth June 21st 2024
紐交所EMR收益和營收增長2024年6月21日

We like that insiders have been buying shares in the last twelve months. Having said that, most people consider earnings and revenue growth trends to be a more meaningful guide to the business. If you are thinking of buying or selling Emerson Electric stock, you should check out this free report showing analyst profit forecasts.

我們喜歡看到內部人在過去十二個月中購買了股票。話雖如此,大多數人認爲收益和收入增長趨勢是業務更有意義的指南。如果您考慮購買或出售艾默生電氣股票,您應該查看這份免費報告,其中顯示了分析師的盈利預測。

What About Dividends?

那麼分紅怎麼樣呢?

It is important to consider the total shareholder return, as well as the share price return, for any given stock. 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. We note that for Emerson Electric the TSR over the last 5 years was 85%, which is better than the share price return mentioned above. The dividends paid by the company have thusly boosted the total shareholder return.

對於任何給定的股票,考慮總股東回報和股價回報都很重要。 TSR包括任何分拆或折現募資的價值,以及基於假設股息再投資的任何股息。因此,對於支付慷慨股息的公司,TSR通常比股價回報要高得多。我們注意到,在過去的5年中,艾默生電氣的TSR爲85%,比上面提到的股價回報率要高。公司支付的股息已經提高了TSR。股東回報。

A Different Perspective

不同的觀點

Emerson Electric's TSR for the year was broadly in line with the market average, at 26%. Most would be happy with a gain, and it helps that the year's return is actually better than the average return over five years, which was 13%. It is possible that management foresight will bring growth well into the future, even if the share price slows down. It's always interesting to track share price performance over the longer term. But to understand Emerson Electric better, we need to consider many other factors. Even so, be aware that Emerson Electric is showing 1 warning sign in our investment analysis , you should know about...

艾默生電氣公司的TSR與市場平均水平相當,爲26%。大多數人會對收益感到滿意,更爲重要的是,年度回報實際上比過去五年的平均回報(13%)要好。即使股價放緩,管理層的遠見也有可能帶來未來的增長。長期跟蹤股價表現總是很有趣的。但是要更好地了解艾默生電氣,我們需要考慮許多其他因素。即便如此,要注意,艾默生電氣在我們的投資分析中顯示了1個警告標誌,您需要了解......

Emerson Electric is not the only stock insiders are buying. So take a peek at this free list of small cap companies at attractive valuations which insiders have been buying.

艾默生電氣並不是內部人正在購買的唯一股票。因此,請看一下這個免費的、有吸引力的小盤公司的股票估值清單,內部人一直在購買。

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。

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.

對本文有反饋?關於內容有所顧慮?直接和我們聯繫。或者,發送電子郵件至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。

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

對本文有反饋?關於內容有所顧慮?直接和我們聯繫。或者發送電子郵件至editorial-team@simplywallst.com。

声明:本內容僅用作提供資訊及教育之目的,不構成對任何特定投資或投資策略的推薦或認可。 更多信息
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