---
title: "Earnings growth of 0.3% over 5 years hasn't been enough to translate into positive returns for Henry Boot (LON:BOOT) shareholders"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/274262371.md"
description: "Henry Boot PLC (LON:BOOT) has seen a 31% decline in share price over the past five years, despite a 1.3% annual growth in earnings per share (EPS). The company's total shareholder return (TSR) over the same period is -20%, indicating that dividends have not compensated for the share price drop. Recent performance shows a 15% decrease in share price over the last month, while the broader market gained 24% in the past year. Investors are advised to consider the company's fundamentals and potential growth before making decisions."
datetime: "2026-01-30T06:58:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/274262371.md)
  - [en](https://longbridge.com/en/news/274262371.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/274262371.md)
generator: "portal-rs"
---

# Earnings growth of 0.3% over 5 years hasn't been enough to translate into positive returns for Henry Boot (LON:BOOT) shareholders

Ideally, your overall portfolio should beat the market average. But in any portfolio, there will be mixed results between individual stocks. At this point some shareholders may be questioning their investment in **Henry Boot PLC** (LON:BOOT), since the last five years saw the share price fall 31%. Unfortunately the share price momentum is still quite negative, with prices down 15% in thirty days.

Given the past week has been tough on shareholders, let's investigate the fundamentals and see what we can learn. 

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While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance. One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. 

During the unfortunate half decade during which the share price slipped, Henry Boot actually saw its earnings per share (EPS) improve by 1.3% per year. So it doesn't seem like EPS is a great guide to understanding how the market is valuing the stock. Or possibly, the market was previously very optimistic, so the stock has disappointed, despite improving EPS. 

Based on these numbers, we'd venture that the market may have been over-optimistic about forecast growth, half a decade ago. Having said that, we might get a better idea of what's going on with the stock by looking at other metrics. 

The steady dividend doesn't really explain why the share price is down. It's not immediately clear to us why the stock price is down but further research might provide some answers. 

The company's revenue and earnings (over time) are depicted in the image below (click to see the exact numbers). 

LSE:BOOT Earnings and Revenue Growth January 30th 2026

We know that Henry Boot has improved its bottom line lately, but what does the future have in store? This **free** report showing analyst forecasts should help you form a view on Henry Boot 

## What About Dividends?

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. As it happens, Henry Boot's TSR for the last 5 years was -20%, which exceeds the share price return mentioned earlier. The dividends paid by the company have thusly boosted the *total* shareholder return. 

## A Different Perspective

While the broader market gained around 24% in the last year, Henry Boot shareholders lost 3.4% (even including dividends). However, keep in mind that even the best stocks will sometimes underperform the market over a twelve month period. Unfortunately, longer term shareholders are suffering worse, given the loss of 4% doled out over the last five years. We would want clear information suggesting the company will grow, before taking the view that the share price will stabilize. While it is well worth considering the different impacts that market conditions can have on the share price, there are other factors that are even more important. For instance, we've identified **3 warning signs for Henry Boot** that you should be aware of. 

If you like to buy stocks alongside management, then you might just love this **free** list of companies. (Hint: many of them are unnoticed AND have attractive valuation). 

*Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on British exchanges.*

### Related Stocks

- [BOOT.UK](https://longbridge.com/en/quote/BOOT.UK.md)

## Related News & Research

- [Jefferies Reaffirms Their Buy Rating on Henry Boot (BOOT)](https://longbridge.com/en/news/281564110.md)
- [Henry Boot (LON:BOOT) Insider Buys £17,455.68 in Stock](https://longbridge.com/en/news/284696408.md)
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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**