Those Who Invested in Littelfuse (NASDAQ:LFUS) Five Years Ago Are up 36%
Those Who Invested in Littelfuse (NASDAQ:LFUS) Five Years Ago Are up 36%
When you buy and hold a stock for the long term, you definitely want it to provide a positive return. But more than that, you probably want to see it rise more than the market average. But Littelfuse, Inc. (NASDAQ:LFUS) has fallen short of that second goal, with a share price rise of 30% over five years, which is below the market return. Zooming in, the stock is actually down 9.1% in the last year.
當你長期購買和持有股票時,你肯定希望它能提供正回報。但不僅如此,你可能希望看到它的漲幅超過市場平均水平。但是Littelfuse, Inc.(納斯達克股票代碼:LFUS)尚未實現第二個目標,股價在五年內上漲了30%,低於市場回報率。放大,該股去年實際上下跌了9.1%。
So let's assess the underlying fundamentals over the last 5 years and see if they've moved in lock-step with shareholder returns.
因此,讓我們評估過去5年的基本面,看看它們是否與股東回報步調一致。
To paraphrase Benjamin Graham: Over the short term the market is a voting machine, but over the long term it's a weighing machine. One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS).
用本傑明·格雷厄姆的話來說:從短期來看,市場是一臺投票機器,但從長遠來看,它是一臺稱重機。研究市場情緒如何隨着時間的推移而變化的一種方法是研究公司股價與其每股收益(EPS)之間的相互作用。
During five years of share price growth, Littelfuse achieved compound earnings per share (EPS) growth of 9.5% per year. This EPS growth is higher than the 5% average annual increase in the share price. Therefore, it seems the market has become relatively pessimistic about the company.
在五年的股價增長中,Littelfuse實現了每年9.5%的複合每股收益(EPS)增長。每股收益的增長高於股價每年平均增長5%。因此,市場似乎對該公司變得相對悲觀。
You can see how EPS has changed over time in the image below (click on the chart to see the exact values).
您可以在下圖中看到 EPS 隨時間推移的變化(點擊圖表查看確切值)。
Dive deeper into Littelfuse's key metrics by checking this interactive graph of Littelfuse's earnings, revenue and cash flow.
查看這張Littelfuse收益、收入和現金流的交互式圖表,深入了解Littelfuse的關鍵指標。
What About Dividends?
分紅呢?
As well as measuring the share price return, investors should also consider the total shareholder return (TSR). 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. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. As it happens, Littelfuse's TSR for the last 5 years was 36%, which exceeds the share price return mentioned earlier. This is largely a result of its dividend payments!
除了衡量股價回報率外,投資者還應考慮股東總回報率(TSR)。基於股息再投資的假設,股東總回報率納入了任何分拆或貼現資本籌集的價值以及任何股息。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,Littelfuse在過去5年的股東總回報率爲36%,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
While the broader market gained around 23% in the last year, Littelfuse shareholders lost 8.2% (even including dividends). However, keep in mind that even the best stocks will sometimes underperform the market over a twelve month period. Longer term investors wouldn't be so upset, since they would have made 6%, each year, over five years. It could be that the recent sell-off is an opportunity, so it may be worth checking the fundamental data for signs of a long term growth trend. It's always interesting to track share price performance over the longer term. But to understand Littelfuse better, we need to consider many other factors. Case in point: We've spotted 1 warning sign for Littelfuse you should be aware of.
儘管去年整體市場上漲了約23%,但Littelfuse的股東損失了8.2%(甚至包括股息)。但是,請記住,即使是最好的股票有時也會在十二個月內表現不如市場。長期投資者不會那麼沮喪,因爲他們本可以在五年內每年賺6%。最近的拋售可能是一個機會,因此可能值得查看基本面數據以尋找長期增長趨勢的跡象。長期跟蹤股價表現總是很有意思的。但是,爲了更好地了解Littelfuse,我們需要考慮許多其他因素。一個很好的例子:我們發現了 Littelfuse 的 1 個警告信號,你應該注意。
Of course Littelfuse may not be the best stock to buy. So you may wish to see this free collection of growth stocks.
當然,Littelfuse可能不是最好的買入股票。因此,您可能希望看到這批免費的成長股。
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.
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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。