The 57% Return Delivered to Park-Ohio Holdings' (NASDAQ:PKOH) Shareholders Actually Lagged YoY Earnings Growth
The 57% Return Delivered to Park-Ohio Holdings' (NASDAQ:PKOH) Shareholders Actually Lagged YoY Earnings Growth
These days it's easy to simply buy an index fund, and your returns should (roughly) match the market. But investors can boost returns by picking market-beating companies to own shares in. To wit, the Park-Ohio Holdings Corp. (NASDAQ:PKOH) share price is 54% higher than it was a year ago, much better than the market return of around 21% (not including dividends) in the same period. If it can keep that out-performance up over the long term, investors will do very well! Unfortunately the longer term returns are not so good, with the stock falling 9.1% in the last three years.
这些天,很容易简单地买入指数基金,您的回报应(大致)与市场相匹配。但是,投资者可以通过选择市场领先的公司持有股份来提高回报。就此而言,纳斯达克市场上的帕克俄亥俄控股股价比一年前高出54%,远高于同期市场回报率(不包括分红派息)的约21%。如果这种超额表现能长期持续下去,投资者将受益匪浅!不幸的是,该股的长期回报率并不那么好,在过去三年中下跌了9.1%。
Since it's been a strong week for Park-Ohio Holdings shareholders, let's have a look at trend of the longer term fundamentals.
由于帕克俄亥俄控股股东度过了强劲的一周,让我们来看看更长期的基本面趋势。
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 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.
在他的文章《格雷厄姆-多德斯维尔的超级投资人》中,沃伦·巴菲特描述了股票价格并不总是理性地反映公司价值的情况。一种有缺陷但合理的评估公司情绪如何变化的方法是将每股收益(EPS)与股票价格进行比较。
During the last year Park-Ohio Holdings grew its earnings per share (EPS) by 162%. This EPS growth is significantly higher than the 54% increase in the share price. Therefore, it seems the market isn't as excited about Park-Ohio Holdings as it was before. This could be an opportunity. This cautious sentiment is reflected in its (fairly low) P/E ratio of 9.59.
在过去的一年里,Park-Ohio Holdings的每股收益(EPS)增长了162%。这种EPS增长显然高于股价增长的54%。因此,市场似乎对Park-Ohio Holdings不像以前那么兴奋。这可能是一个机会。这种谨慎情绪在其相对较低的市盈率(9.59)中得到了体现。
The graphic below depicts how EPS has changed over time (unveil the exact values by clicking on the image).
下图显示了EPS随时间变化的情况(点击图像以显示确切值)。
![big](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240718/0-c89308acb131467e9d2bf5b81ac97b86-0-6f1e5aad2cf5303129d72c5e71c3468b.png/big)
It's probably worth noting we've seen significant insider buying in the last quarter, which we consider a positive. That said, we think earnings and revenue growth trends are even more important factors to consider. This free interactive report on Park-Ohio Holdings' earnings, revenue and cash flow is a great place to start, if you want to investigate the stock further.
值得注意的是,我们在上个季度看到了重大内部买入,这被我们视为一种积极因素。话虽如此,我们认为盈利和营收增长趋势更是要考虑的重要因素。如果您想进一步调查该股票,Park-Ohio Holdings的盈利、营收和现金流的免费交互式报告是一个不错的起点。
What About Dividends?
那么分红怎么样呢?
It is important to consider the total shareholder return, as well as the share price return, for any given stock. The TSR is a return calculation that accounts for the value of cash dividends (assuming that any dividend received was reinvested) and the calculated value of any discounted capital raisings and spin-offs. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. We note that for Park-Ohio Holdings the TSR over the last 1 year was 57%, which is better than the share price return mentioned above. The dividends paid by the company have thusly boosted the total shareholder return.
对于任何给定的股票,考虑总股东回报和股价回报都很重要。TSR是一种回报计算方法,它考虑了现金股利(假设任何收到的股利都已再投资)的价值以及任何折扣资本筹集和拆分的计算价值。可以说,TSR给出了股票产生的回报更全面的图像。我们注意到,对于帕克俄亥俄控股而言,过去一年的TSR为57%,优于以上提到的股价回报。公司支付的分红派息使得总股东回报率进一步提高。
A Different Perspective
不同的观点
It's good to see that Park-Ohio Holdings has rewarded shareholders with a total shareholder return of 57% in the last twelve months. And that does include the dividend. That's better than the annualised return of 0.4% over half a decade, implying that the company is doing better recently. In the best case scenario, this may hint at some real business momentum, implying that now could be a great time to delve deeper. While it is well worth considering the different impacts that market conditions can have on the share price, there are other factors that are even more important. Like risks, for instance. Every company has them, and we've spotted 3 warning signs for Park-Ohio Holdings (of which 1 is potentially serious!) you should know about.
看到帕克俄亥俄控股在过去12个月里为股东创造了57%的总股东回报(包括股息),这非常令人高兴。相比之下,半个世纪以来的年化收益率为0.4%,这意味着公司近期业务状况有所好转。在最理想的情况下,这可能暗示着一些真正的业务动力,表明现在是深入研究的绝佳时机。虽然值得考虑市场条件对股价的不同影响,但还有其他更重要的因素。比如风险。每家公司都有自己的风险,而我们发现了3个可能很严重的警示标志,您应该知道其中1个是关于帕克俄亥俄控股的。
Park-Ohio Holdings 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.
帕克俄亥俄控股不是唯一股票的内部人员正在购买。因此,请看看这个以有吸引力的估值买入的小盘股免费名单的。
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on American exchanges.
请注意,本文所引述的市场回报反映了目前在美国交易所上市的股票的市场加权平均回报。
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.
对本文有任何反馈?对内容有任何疑虑?请直接与我们联系。或者,发送电子邮件至editorial-team@simplywallst.com。
这篇文章是Simply Wall St的一般性文章。我们根据历史数据和分析师预测提供评论,只使用公正的方法论,我们的文章并不意味着提供任何金融建议。文章不构成买卖任何股票的建议,也不考虑您的目标或您的财务状况。我们的目标是带给您基本数据驱动的长期关注分析。请注意,我们的分析可能不考虑最新的价格敏感公司公告或定性材料。Simply Wall St没有任何股票头寸。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
对本文有任何反馈?对内容有任何疑虑?请直接与我们联系。或者,发送电子邮件至editorial-team@simplywallst.com。