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Investing in Regal Rexnord (NYSE:RRX) Five Years Ago Would Have Delivered You a 138% Gain

Investing in Regal Rexnord (NYSE:RRX) Five Years Ago Would Have Delivered You a 138% Gain

五年前投資富豪雷克斯諾(紐約證券交易所代碼:RRX)將爲您帶來138%的收益
Simply Wall St ·  05/21 15:29

The most you can lose on any stock (assuming you don't use leverage) is 100% of your money. But on the bright side, if you buy shares in a high quality company at the right price, you can gain well over 100%. Long term Regal Rexnord Corporation (NYSE:RRX) shareholders would be well aware of this, since the stock is up 115% in five years. In the last week shares have slid back 1.3%.

任何股票(假設你不使用槓桿)的最大損失是你的資金的100%。但好的一面是,如果你以合適的價格購買一家高質量公司的股票,你可以獲得超過100%的收益。富豪雷克斯諾德公司(紐約證券交易所代碼:RRX)的長期股東會意識到這一點,因爲該股在五年內上漲了115%。上週股價下跌了1.3%。

Now it's worth having a look at the company's fundamentals too, because that will help us determine if the long term shareholder return has matched the performance of the underlying business.

現在也值得一看公司的基本面,因爲這將有助於我們確定長期股東回報是否與基礎業務的表現相匹配。

While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance. 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.

雖然市場是一種強大的定價機制,但股價反映了投資者的情緒,而不僅僅是潛在的業務表現。評估公司情緒變化的一種有缺陷但合理的方法是將每股收益(EPS)與股價進行比較。

During five years of share price growth, Regal Rexnord actually saw its EPS drop 18% per year. This was, in part, due to extraordinary items impacting earning in the last twelve months.

在五年的股價增長中,富豪雷克斯諾德的每股收益實際上每年下降18%。這在一定程度上是由於非同尋常的項目影響了過去十二個月的收入。

Essentially, it doesn't seem likely that investors are focused on EPS. Because earnings per share don't seem to match up with the share price, we'll take a look at other metrics instead.

從本質上講,投資者似乎不太可能將注意力集中在每股收益上。由於每股收益似乎與股價不符,因此我們將改用其他指標。

We doubt the modest 0.9% dividend yield is attracting many buyers to the stock. In contrast revenue growth of 16% per year is probably viewed as evidence that Regal Rexnord is growing, a real positive. It's quite possible that management are prioritizing revenue growth over EPS growth at the moment.

我們懷疑0.9%的適度股息收益率是否吸引了許多買家購買該股。相比之下,每年16%的收入增長可能被視爲Regal Rexnord正在增長的證據,這是一個真正的積極因素。目前,管理層很有可能將收入增長置於每股收益增長之上。

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隨着時間的推移而變化(點擊圖片了解確切的值)。

earnings-and-revenue-growth
NYSE:RRX Earnings and Revenue Growth May 21st 2024
紐約證券交易所:RRX 收益和收入增長 2024 年 5 月 21 日

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 Regal Rexnord in this interactive graph of future profit estimates.

我們認爲,內部人士在去年進行了大量收購,這是積極的。即便如此,未來的收益對於當前股東是否賺錢將更爲重要。您可以在這張未來利潤估計的交互式圖表中看到分析師對Regal Rexnord的預測。

What About Dividends?

分紅呢?

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. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. We note that for Regal Rexnord the TSR over the last 5 years was 138%, which is better than the share price return mentioned above. This is largely a result of its dividend payments!

重要的是要考慮任何給定股票的股東總回報率和股價回報率。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。可以公平地說,股東總回報率爲支付股息的股票提供了更完整的畫面。我們注意到,富豪雷克斯諾德在過去5年的股東總回報率爲138%,好於上述股價回報率。這在很大程度上是其股息支付的結果!

A Different Perspective

不同的視角

Regal Rexnord shareholders are up 21% for the year (even including dividends). Unfortunately this falls short of the market return. On the bright side, that's still a gain, and it's actually better than the average return of 19% over half a decade This suggests the company might be improving over time. 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. Take risks, for example - Regal Rexnord has 1 warning sign we think you should be aware of.

富豪雷克斯諾德的股東今年增長了21%(甚至包括股息)。不幸的是,這沒有達到市場回報率。好的一面是,這仍然是一個收益,實際上比五年來19%的平均回報率要好。這表明該公司可能會隨着時間的推移而有所改善。我發現將長期股價視爲業務績效的代表非常有趣。但是,要真正獲得見解,我們還需要考慮其他信息。舉個例子,冒險吧——Regal Rexnord有1個我們認爲你應該注意的警告信號。

Regal Rexnord 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.

富豪雷克斯諾德並不是內部人士唯一買入的股票。因此,看看這份內部人士一直在購買的估值誘人的小盤股公司的免費清單。

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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