While Shareholders of FMC (NYSE:FMC) Are in the Red Over the Last Year, Underlying Earnings Have Actually Grown
While Shareholders of FMC (NYSE:FMC) Are in the Red Over the Last Year, Underlying Earnings Have Actually Grown
Even the best stock pickers will make plenty of bad investments. And unfortunately for FMC Corporation (NYSE:FMC) shareholders, the stock is a lot lower today than it was a year ago. The share price has slid 59% in that time. Even if you look out three years, the returns are still disappointing, with the share price down50% in that time. Unfortunately the share price momentum is still quite negative, with prices down 10.0% in thirty days. Importantly, this could be a market reaction to the recently released financial results. You can check out the latest numbers in our company report.
即使是最好的选股者也会进行大量不良投资。不幸的是，对于联邦海事委员会公司（纽约证券交易所代码：FMC）的股东来说，今天的股票比一年前低了很多。在此期间，股价下跌了59％。即使你展望三年，回报仍然令人失望，当时股价下跌了50％。不幸的是，股价势头仍然相当不利，股价在三十天内下跌了10.0％。重要的是，这可能是市场对最近公布的财务业绩的反应。您可以在我们的公司报告中查看最新的数字。
While the last year has been tough for FMC shareholders, this past week has shown signs of promise. So let's look at the longer term fundamentals and see if they've been the driver of the negative returns.
尽管去年对联邦海事委员会股东来说是艰难的一年，但过去一周却显示出希望的迹象。因此，让我们来看看长期基本面，看看它们是否是负回报的驱动力。
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.
尽管一些人继续教导高效市场假说，但事实证明，市场是反应过度的动态系统，投资者并不总是理性的。评估公司情绪变化的一种有缺陷但合理的方法是将每股收益（EPS）与股价进行比较。
During the unfortunate twelve months during which the FMC share price fell, it actually saw its earnings per share (EPS) improve by 72%. It could be that the share price was previously over-hyped.
在联邦海事委员会股价下跌的不幸十二个月中，其每股收益（EPS）实际上增长了72％。可能是股价此前被过度炒作。
It's surprising to see the share price fall so much, despite the improved EPS. But we might find some different metrics explain the share price movements better.
尽管每股收益有所改善，但股价仍大幅下跌令人惊讶。但是我们可能会发现一些不同的指标可以更好地解释股价走势。
We don't see any weakness in the FMC's dividend so the steady payout can't really explain the share price drop. In fact, it seems more likely that the revenue fall of 23% in the last year is the worry. So it seems likely that the weak revenue is making the market more cautious about the stock.
我们认为联邦海事委员会的股息没有任何疲软，因此稳定的派息并不能真正解释股价的下跌。实际上，去年收入下降23％的可能性似乎更令人担忧。因此，疲软的收入似乎使市场对该股更加谨慎。
You can see below how earnings and revenue have changed over time (discover the exact values by clicking on the image).
您可以在下面看到收入和收入如何随着时间的推移而变化（点击图片了解确切的值）。
We consider it positive that insiders have made significant purchases in the last year. Even so, future earnings will be far more important to whether current shareholders make money. You can see what analysts are predicting for FMC in this interactive graph of future profit estimates.
我们认为，内部人士在去年进行了大量收购，这是积极的。即便如此，未来的收益对于当前股东是否赚钱将更为重要。您可以在这张未来利润估计的交互式图表中看到分析师对FMC的预测。
A Different Perspective
不同的视角
Investors in FMC had a tough year, with a total loss of 58% (including dividends), against a market gain of about 27%. However, keep in mind that even the best stocks will sometimes underperform the market over a twelve month period. Unfortunately, last year's performance may indicate unresolved challenges, given that it was worse than the annualised loss of 5% over the last half decade. We realise that Baron Rothschild has said investors should "buy when there is blood on the streets", but we caution that investors should first be sure they are buying a high quality business. 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. For example, we've discovered 4 warning signs for FMC (3 are potentially serious!) that you should be aware of before investing here.
联邦海事委员会的投资者经历了艰难的一年，总亏损了58％（包括股息），而市场涨幅约为27％。但是，请记住，即使是最好的股票有时也会在十二个月内表现不如市场。不幸的是，去年的表现可能预示着尚未解决的挑战，因为它比过去五年中5％的年化亏损还要糟糕。我们意识到罗斯柴尔德男爵曾说过，投资者应该 “在街头流血时买入”，但我们警告说，投资者应首先确保他们购买的是高质量的企业。我发现将长期股价视为业务绩效的代表非常有趣。但是，要真正获得见解，我们还需要考虑其他信息。例如，我们发现了 FMC 的 4 个警告信号（3 个可能很严重！）在这里投资之前，您应该注意这一点。
FMC is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
联邦海事委员会并不是内部人士唯一买入的股票。因此，看看这份免费的内幕收购成长型公司名单。
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，本文引用的市场回报反映了目前在美国交易所交易的股票的市场加权平均回报。
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Simply Wall St的这篇文章本质上是笼统的。我们仅使用公正的方法根据历史数据和分析师的预测提供评论，我们的文章无意作为财务建议。它不构成买入或卖出任何股票的建议，也没有考虑到您的目标或财务状况。我们的目标是为您提供由基本数据驱动的长期重点分析。请注意，我们的分析可能不考虑最新的价格敏感型公司公告或定性材料。简而言之，华尔街没有持有任何上述股票的头寸。