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ProAssurance (NYSE:PRA) Adds US$52m to Market Cap in the Past 7 Days, Though Investors From Five Years Ago Are Still Down 59%

ProAssurance (NYSE:PRA) Adds US$52m to Market Cap in the Past 7 Days, Though Investors From Five Years Ago Are Still Down 59%

ProAssurance(紐約證券交易所代碼:PRA)在過去7天內市值增加了5200萬美元,儘管五年前的投資者仍下跌了59%
Simply Wall St ·  04/10 09:37

Generally speaking long term investing is the way to go. But along the way some stocks are going to perform badly. To wit, the ProAssurance Corporation (NYSE:PRA) share price managed to fall 62% over five long years. We certainly feel for shareholders who bought near the top. And it's not just long term holders hurting, because the stock is down 28% in the last year.

一般而言,長期投資是必經之路。但在此過程中,一些股票將表現不佳。換句話說,ProAssurance公司(紐約證券交易所代碼:PRA)的股價在漫長的五年中成功下跌了62%。對於在接近頂部買入的股東,我們當然有同感。而且,受傷害的不僅僅是長揸者,因爲該股去年下跌了28%。

While the stock has risen 8.3% in the past week but long term shareholders are still in the red, let's see what the fundamentals can tell us.

儘管該股在過去一週上漲了8.3%,但長期股東仍處於虧損狀態,但讓我們看看基本面能告訴我們什麼。

ProAssurance isn't currently profitable, so most analysts would look to revenue growth to get an idea of how fast the underlying business is growing. Shareholders of unprofitable companies usually desire strong revenue growth. Some companies are willing to postpone profitability to grow revenue faster, but in that case one would hope for good top-line growth to make up for the lack of earnings.

ProAssurance目前沒有盈利,因此大多數分析師會着眼於收入的增長,以了解基礎業務的增長速度。無利可圖的公司的股東通常希望強勁的收入增長。一些公司願意推遲盈利以更快地增加收入,但在這種情況下,人們希望良好的收入增長來彌補收益不足。

Over five years, ProAssurance grew its revenue at 5.6% per year. That's not a very high growth rate considering it doesn't make profits. It's likely this weak growth has contributed to an annualised return of 10% for the last five years. We'd want to see proof that future revenue growth is likely to be significantly stronger before getting too interested in ProAssurance. When a stock falls hard like this, some investors like to add the company to a watchlist (in case the business recovers, longer term).

在過去的五年中,ProAssurance的收入以每年5.6%的速度增長。考慮到它沒有盈利,這不是一個很高的增長率。這種疲軟的增長很可能使過去五年的年化回報率達到10%。在對ProAssurance產生太大興趣之前,我們希望看到證據,證明未來的收入增長可能會大大增強。當股票像這樣大幅下跌時,一些投資者喜歡將該公司添加到觀察名單中(以防業務復甦,從長遠來看)。

The image below shows how earnings and revenue have tracked over time (if you click on the image you can see greater detail).

下圖顯示了收入和收入隨時間推移的跟蹤情況(如果您點擊圖片,可以看到更多細節)。

earnings-and-revenue-growth
NYSE:PRA Earnings and Revenue Growth April 10th 2024
紐約證券交易所:PRA 收益和收入增長 2024 年 4 月 10 日

You can see how its balance sheet has strengthened (or weakened) over time in this free interactive graphic.

您可以在這張免費的交互式圖片中看到其資產負債表如何隨着時間的推移而增強(或減弱)。

What About The Total Shareholder Return (TSR)?

那麼股東總回報(TSR)呢?

We'd be remiss not to mention the difference between ProAssurance's total shareholder return (TSR) and its share price return. 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. ProAssurance's TSR of was a loss of 59% for the 5 years. That wasn't as bad as its share price return, because it has paid dividends.

更不用說 ProAssurance 之間的區別了,那就太失職了 股東總回報 (TSR) 及其 股價回報。股東總回報率是一種回報計算方法,它考慮了現金分紅的價值(假設收到的任何股息都經過再投資)以及任何貼現資本籌集和分拆的計算價值。在過去的5年中,ProAssurance的股東總回報率下降了59%。這還不如其股價回報率那麼糟糕,因爲它已經支付了股息。

A Different Perspective

不同的視角

While the broader market gained around 29% in the last year, ProAssurance shareholders lost 28%. Even the share prices of good stocks drop sometimes, but we want to see improvements in the fundamental metrics of a business, before getting too interested. Regrettably, last year's performance caps off a bad run, with the shareholders facing a total loss of 10% per year over five years. Generally speaking long term share price weakness can be a bad sign, though contrarian investors might want to research the stock in hope of a turnaround. You could get a better understanding of ProAssurance's growth by checking out this more detailed historical graph of earnings, revenue and cash flow.

去年整體市場上漲了約29%,而ProAssurance的股東卻下跌了28%。即使是優質股票的股價有時也會下跌,但我們希望在過於感興趣之前看到企業基本指標的改善。遺憾的是,去年的業績結束了糟糕的表現,股東在五年內每年面臨10%的總虧損。總的來說,長期股價疲軟可能是一個壞兆頭,儘管逆勢投資者可能希望研究該股以期出現轉機。通過查看這張更詳細的收益、收入和現金流歷史圖表,你可以更好地了解ProAssurance的增長。

We will like ProAssurance better if we see some big insider buys. While we wait, check out this free list of growing companies with considerable, recent, insider buying.

如果我們看到一些重大的內幕收購,我們會更喜歡ProAssurance。在我們等待的同時,請查看這份免費清單,列出了最近有大量內幕收購的成長型公司。

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。

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.

對這篇文章有反饋嗎?對內容感到擔憂?直接聯繫我們。 或者,給編輯團隊 (at) simplywallst.com 發送電子郵件。
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。

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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