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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

五年前投资富豪雷克斯诺(纽约证券交易所代码:RRX)将为您带来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(假设你不使用杠杆)的最大损失是你的资金的100%。但好的一面是,如果你以合适的价格购买一家高质量公司的股票,你可以获得超过100%的收益。富豪雷克斯诺德公司(纽约证券交易所代码:RRX)的长期股东会意识到这一点,因为该股在五年内上涨了115%。上周股价下跌了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.

现在也值得一看公司的基本面,因为这将有助于我们确定长期股东回报是否与基础业务的表现相匹配。

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.

虽然市场是一种强大的定价机制,但股价反映了投资者的情绪,而不仅仅是潜在的业务表现。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 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.

在五年的股价增长中,富豪雷克斯诺德的每股收益实际上每年下降18%。这在一定程度上是由于非同寻常的项目影响了过去十二个月的收入。

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.

从本质上讲,投资者似乎不太可能将注意力集中在每股收益上。由于每股收益似乎与股价不符,因此我们将改用其他指标。

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.

我们怀疑0.9%的适度股息收益率是否吸引了许多买家购买该股。相比之下,每年16%的收入增长可能被视为Regal Rexnord正在增长的证据,这是一个真正的积极因素。目前,管理层很有可能将收入增长置于每股收益增长之上。

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随着时间的推移而变化(点击图片了解确切的值)。

earnings-and-revenue-growth
NYSE:RRX Earnings and Revenue Growth May 21st 2024
纽约证券交易所:RRX 收益和收入增长 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Regal Rexnord的预测。

What About Dividends?

分红呢?

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!

重要的是要考虑任何给定股票的股东总回报率和股价回报率。股东总回报率是一种回报计算方法,它考虑了现金分红的价值(假设收到的任何股息都经过再投资)以及任何贴现资本筹集和分拆的计算价值。可以公平地说,股东总回报率为支付股息的股票提供了更完整的画面。我们注意到,富豪雷克斯诺德在过去5年的股东总回报率为138%,好于上述股价回报率。这在很大程度上是其股息支付的结果!

A Different Perspective

不同的视角

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.

富豪雷克斯诺德的股东今年增长了21%(甚至包括股息)。不幸的是,这没有达到市场回报率。好的一面是,这仍然是一个收益,实际上比五年来19%的平均回报率要好。这表明该公司可能会随着时间的推移而有所改善。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。举个例子,冒险吧——Regal Rexnord有1个我们认为你应该注意的警告信号。

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.

富豪雷克斯诺德并不是内部人士唯一买入的股票。因此,看看这份内部人士一直在购买的估值诱人的小盘股公司的免费清单。

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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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。

声明:本内容仅用作提供资讯及教育之目的,不构成对任何特定投资或投资策略的推荐或认可。 更多信息
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