MillerKnoll's (NASDAQ:MLKN) 99% YoY Earnings Expansion Surpassed the Shareholder Returns Over the Past Year
MillerKnoll's (NASDAQ:MLKN) 99% YoY Earnings Expansion Surpassed the Shareholder Returns Over the Past Year
Passive investing in index funds can generate returns that roughly match the overall market. But if you pick the right individual stocks, you could make more than that. To wit, the MillerKnoll, Inc. (NASDAQ:MLKN) share price is 58% higher than it was a year ago, much better than the market return of around 23% (not including dividends) in the same period. That's a solid performance by our standards! Unfortunately the longer term returns are not so good, with the stock falling 29% in the last three years.
跟蹤指數基金的被動投資策略可以獲得與整體市場大致相當的回報。但是,如果你選擇正確的個股,你可能獲得更高的回報。拿米勒諾爾股份有限公司(NASDAQ:MLKN)的股價來說,比起一年前上漲了58%,遠高於同期市場回報約23%(不包括分紅)。根據我們的標準來看,這是一種穩健的表現!不幸的是,長期回報不是很好,在過去三年中,股價下跌了29%。
After a strong gain in the past week, it's worth seeing if longer term returns have been driven by improving fundamentals.
在過去的一週之內,獲得的強勁收益是否表明了長期回報受到基本面的推動值得關注。
There is no denying that markets are sometimes efficient, but prices do not always reflect underlying business performance. 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.
不可否認的是,市場有時是高效的,但價格並不總是反映潛在的商業表現。一個不完美但簡單的方法來考慮公司市場感知如何改變是比較每股收益(EPS)變化和股價變動。
During the last year MillerKnoll grew its earnings per share (EPS) by 99%. It's fair to say that the share price gain of 58% did not keep pace with the EPS growth. Therefore, it seems the market isn't as excited about MillerKnoll as it was before. This could be an opportunity.
在過去的一年裏,米勒諾爾的每股收益(EPS)增長了99%。可以說,股價上漲了58%,但沒有跟上EPS的增長速度。因此,市場對米勒諾爾的興趣不如以前那麼高。這可能是一個機會。
You can see how EPS has changed over time in the image below (click on the chart to see the exact values).
您可以在下面的圖片中查看每股收益如何隨時間變化(單擊圖表以查看確切的價值)。
![1724856294789](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240828/43014266-0-7026e8acf400111f54439ba723f7178a.webp/bigjpg)
We know that MillerKnoll has improved its bottom line lately, but is it going to grow revenue? If you're interested, you could check this free report showing consensus revenue forecasts.
我們知道MillerKnoll最近改善了其底線,但它是否將增加收入?如果您有興趣,可以查看這份免費報告展示共識收入預測。
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. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. As it happens, MillerKnoll's TSR for the last 1 year was 63%, 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,重要的是要考慮到總股東回報(TSR)和股價回報之間的差異。而股價回報僅反映了股價的變動,TSR包括了股息的價值(假設它們被再投資)和任何折價的融資或分拆的好處。可以說,TSR更全面地描述了股票產生的回報情況。恰巧MillerKnoll過去一年的TSR爲63%,超過了前面提到的股價回報。這在很大程度上是其股息支付的結果!
A Different Perspective
不同的觀點
We're pleased to report that MillerKnoll shareholders have received a total shareholder return of 63% over one year. Of course, that includes the dividend. There's no doubt those recent returns are much better than the TSR loss of 4% per year over five years. We generally put more weight on the long term performance over the short term, but the recent improvement could hint at a (positive) inflection point within the business. It's always interesting to track share price performance over the longer term. But to understand MillerKnoll better, we need to consider many other factors. Even so, be aware that MillerKnoll is showing 3 warning signs in our investment analysis , you should know about...
我們很高興地報告,MillerKnoll的股東在過去一年中獲得了63%的總股東回報。當然,其中包括股息。毫無疑問,與過去五年每年4%的TSR損失相比,最近的回報要好得多。我們通常更重視長期表現而不是短期表現,但最近的改善可能暗示了業務內部的(積極)轉折點。跟蹤股票的長期表現始終是有趣的。但要更好地了解MillerKnoll,我們需要考慮許多其他因素。即便如此,請注意,在我們的投資分析中,MillerKnoll顯示了3個警告信號,您應該了解一下...
Of course MillerKnoll may not be the best stock to buy. So you may wish to see this free collection of growth stocks.
當然,MillerKnoll可能不是最好的股票買入選擇。所以你可能希望查看這個免費的成長股集合。
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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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。