<p>股东们可能会对 <strong>NOF Corporation</strong> (TSE:4403) 的股价在过去一个月下跌 10% 感到担忧。但好消息是，该股票在过去五年中上涨了。不幸的是，其 92% 的回报低于市场 104% 的回报。</p>
<p>尽管该股票本周下跌了 3.9%，但值得关注长期表现，看看股票的历史回报是否受到基本面的驱动。</p>
<p>我们发现 21 只美国股票预计明年将支付超过 6% 的股息收益率。查看完整列表，免费获取。</p>
<p>虽然市场是一个强大的定价机制，但股价反映的是投资者情绪，而不仅仅是基础业务表现。考虑市场对公司的看法如何变化的一个不完美但简单的方法是比较每股收益（EPS）的变化与股价的变动。</p>
<p>在过去五年中，NOF 每年的每股收益增长率达到了 13%。这一 EPS 增长与股价的 14% 年均增长率非常接近。这表明投资者对公司的情绪变化不大。实际上，股价似乎在很大程度上反映了 EPS 的增长。</p>
<p>下图显示了 EPS 随时间的变化情况（如果您点击图像，可以看到更详细的信息）。</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/875496-earnings-per-share-growth-1-dark-2/1755990417294?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/875496-earnings-per-share-growth-1-dark-2/1755990417294"/></p>
<p>TSE:4403 每股收益增长 2025 年 8 月 23 日</p>
<p>在买入或卖出股票之前，我们始终建议仔细检查历史增长趋势，相关信息可在此获取。</p>
<h2>股息情况如何？</h2>
<p>在考虑投资回报时，重要的是要考虑 <em>总股东回报</em> (TSR) 和 <em>股价回报</em> 之间的差异。股价回报仅反映股价的变化，而 TSR 则包括股息的价值（假设已再投资）以及任何折扣融资或分拆的收益。可以公平地说，TSR 为支付股息的股票提供了更全面的视角。在 NOF 的情况下，过去 5 年的 TSR 为 109%。这超过了我们之前提到的股价回报。这在很大程度上是由于其股息支付！</p>
<h2>不同的视角</h2>
<p>很高兴看到 NOF 的股东在过去一年中获得了 25% 的总股东回报。当然，这包括了股息。这一增幅好于过去五年的年均 TSR，即 16%。因此，似乎最近对公司的情绪是积极的。考虑到股价动能依然强劲，可能值得更仔细地观察该股票，以免错失机会。NOF 与其他公司相比是否便宜？这 3 个估值指标可能会帮助您做出决定。</p>
<p>但请注意： <strong>NOF 可能不是最佳购买股票</strong>。因此，请查看这份 <strong>免费</strong> 的有趣公司列表，包含过去的盈利增长（以及进一步的增长预测）。</p>
<p><em>请注意，本文中引用的市场回报反映了目前在日本交易所交易的股票的市场加权平均回报。</em></p>

4403

<p>NOF Corporation（东京证券交易所代码：4403）在过去一个月的股价下跌了 10%，但其五年总股东回报率（TSR）达到了 109%，超过了其股价回报率的 92%。该公司的每股收益（EPS）以 13% 的年增长率增长，与 14% 的股价增长紧密相关。在过去一年中，股东享受到了 25% 的 TSR，显示出积极的市场情绪。尽管近期股价下跌，但该股票的长期表现表明投资者可以考虑其潜力</p>

<p>It might be of some concern to shareholders to see the <strong>NOF Corporation</strong> (TSE:4403) share price down 10% in the last month. But the silver lining is the stock is up over five years. Unfortunately its return of 92% is below the market return of 104%.</p>
<div class="lb-trans"><p>股东们可能会对 <strong>NOF Corporation</strong> (TSE:4403) 的股价在过去一个月下跌 10% 感到担忧。但好消息是，该股票在过去五年中上涨了。不幸的是，其 92% 的回报低于市场 104% 的回报。</p>
</div><p>While the stock has fallen 3.9% this week, it's worth focusing on the longer term and seeing if the stocks historical returns have been driven by the underlying fundamentals.</p>
<div class="lb-trans"><p>尽管该股票本周下跌了 3.9%，但值得关注长期表现，看看股票的历史回报是否受到基本面的驱动。</p>
</div><p>We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free.</p>
<div class="lb-trans"><p>我们发现 21 只美国股票预计明年将支付超过 6% 的股息收益率。查看完整列表，免费获取。</p>
</div><p>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.</p>
<div class="lb-trans"><p>虽然市场是一个强大的定价机制，但股价反映的是投资者情绪，而不仅仅是基础业务表现。考虑市场对公司的看法如何变化的一个不完美但简单的方法是比较每股收益（EPS）的变化与股价的变动。</p>
</div><p>Over half a decade, NOF managed to grow its earnings per share at 13% a year. This EPS growth is remarkably close to the 14% average annual increase in the share price. This indicates that investor sentiment towards the company has not changed a great deal. In fact, the share price seems to largely reflect the EPS growth.</p>
<div class="lb-trans"><p>在过去五年中，NOF 每年的每股收益增长率达到了 13%。这一 EPS 增长与股价的 14% 年均增长率非常接近。这表明投资者对公司的情绪变化不大。实际上，股价似乎在很大程度上反映了 EPS 的增长。</p>
</div><p>The image below shows how EPS has tracked over time (if you click on the image you can see greater detail).</p>
<div class="lb-trans"><p>下图显示了 EPS 随时间的变化情况（如果您点击图像，可以看到更详细的信息）。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/875496-earnings-per-share-growth-1-dark-2/1755990417294" alt="" original-src="https://images.simplywall.st/asset/chart/875496-earnings-per-share-growth-1-dark-2/1755990417294"/></p>
<p>TSE:4403 Earnings Per Share Growth August 23rd 2025</p>
<div class="lb-trans"><p>TSE:4403 每股收益增长 2025 年 8 月 23 日</p>
</div><p>Before buying or selling a stock, we always recommend a close examination of historic growth trends, available here.</p>
<div class="lb-trans"><p>在买入或卖出股票之前，我们始终建议仔细检查历史增长趋势，相关信息可在此获取。</p>
</div><h2>What About Dividends?</h2>
<div class="lb-trans"><h2>股息情况如何？</h2>
</div><p>When looking at investment returns, it is important to consider the difference between <em>total shareholder return</em> (TSR) and <em>share price return</em>. Whereas the share price return only reflects the change in the share price, the TSR includes the value of dividends (assuming they were reinvested) and the benefit of any discounted capital raising or spin-off. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. In the case of NOF, it has a TSR of 109% for the last 5 years. That exceeds its share price return that we previously mentioned. This is largely a result of its dividend payments!</p>
<div class="lb-trans"><p>在考虑投资回报时，重要的是要考虑 <em>总股东回报</em> (TSR) 和 <em>股价回报</em> 之间的差异。股价回报仅反映股价的变化，而 TSR 则包括股息的价值（假设已再投资）以及任何折扣融资或分拆的收益。可以公平地说，TSR 为支付股息的股票提供了更全面的视角。在 NOF 的情况下，过去 5 年的 TSR 为 109%。这超过了我们之前提到的股价回报。这在很大程度上是由于其股息支付！</p>
</div><h2>A Different Perspective</h2>
<div class="lb-trans"><h2>不同的视角</h2>
</div><p>It's nice to see that NOF shareholders have received a total shareholder return of 25% over the last year. Of course, that includes the dividend. That gain is better than the annual TSR over five years, which is 16%. Therefore it seems like sentiment around the company has been positive lately. Given the share price momentum remains strong, it might be worth taking a closer look at the stock, lest you miss an opportunity. Is NOF cheap compared to other companies? These 3 valuation measures might help you decide.</p>
<div class="lb-trans"><p>很高兴看到 NOF 的股东在过去一年中获得了 25% 的总股东回报。当然，这包括了股息。这一增幅好于过去五年的年均 TSR，即 16%。因此，似乎最近对公司的情绪是积极的。考虑到股价动能依然强劲，可能值得更仔细地观察该股票，以免错失机会。NOF 与其他公司相比是否便宜？这 3 个估值指标可能会帮助您做出决定。</p>
</div><p>But note: <strong>NOF may not be the best stock to buy</strong>. So take a peek at this <strong>free</strong> list of interesting companies with past earnings growth (and further growth forecast).</p>
<div class="lb-trans"><p>但请注意： <strong>NOF 可能不是最佳购买股票</strong>。因此，请查看这份 <strong>免费</strong> 的有趣公司列表，包含过去的盈利增长（以及进一步的增长预测）。</p>
</div><p><em>Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on Japanese exchanges.</em></p>
<div class="lb-trans"><p><em>请注意，本文中引用的市场回报反映了目前在日本交易所交易的股票的市场加权平均回报。</em></p>
</div>

NOF（东京证券交易所代码：4403）的五年总股东回报率超过了其基础收益的增长