<p>對於 <strong>Evolution AB (publ)</strong> (STO:EVO) 的股東來説，這個季度並不是最佳表現，因為股價在此期間下跌了 13%。但這並沒有削弱公司在過去五年中所產生的非常穩健的長期回報。可以公平地説，大多數人會對這段時間 127% 的收益感到滿意。我們認為，關注長期回報比短期回報更為重要。當然，這並不一定意味着現在的股價便宜。不幸的是，並非所有股東都能長期持有，因此請為那些在過去十二個月中遭遇 38% 下跌的股東考慮一下。</p>
<p>現在值得看看公司的基本面，因為這將幫助我們確定長期股東回報是否與基礎業務的表現相匹配。</p>
<p>查看我們對 Evolution 的最新分析</p>
<p>在他的文章《格雷厄姆與多德斯維爾的超級投資者》中，沃倫·巴菲特描述了股價並不總是理性反映企業價值的情況。評估公司情緒變化的一個有缺陷但合理的方法是將每股收益（EPS）與股價進行比較。</p>
<p>在過去的五年中，Evolution 每年的每股收益增長率達到了 49%。這一 EPS 增長率比同期每年 18% 的股價增長更為令人印象深刻。因此，市場似乎對該公司的前景變得相對悲觀。</p>
<p>您可以在下面看到 EPS 隨時間的變化（通過點擊圖片發現確切的數值）。</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/285223104-earnings-per-share-growth-1-dark/1741002276808?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/285223104-earnings-per-share-growth-1-dark/1741002276808"/></p>
<p>OM:EVO 每股收益增長 2025 年 3 月 3 日</p>
<p>值得注意的是，我們在上個季度看到顯著的內部人士買入，這被我們視為一個積極信號。儘管如此，我們認為收益和收入增長趨勢是更重要的考慮因素。通過查看 Evolution 的收益、收入和現金流的互動圖表，深入瞭解收益情況。</p>
<h2>股息情況如何？</h2>
<p>在考慮投資回報時，重要的是要考慮_總股東回報_（TSR）與_股價回報_之間的差異。TSR 包括任何分拆或折扣融資的價值，以及任何股息，假設股息被再投資。因此，對於支付豐厚股息的公司，TSR 通常遠高於股價回報。我們注意到，Evolution 在過去五年的 TSR 為 143%，這比上述的股價回報要好。而且，毫無疑問，股息支付在很大程度上解釋了這種差異！</p>
<h2>不同的視角</h2>
<p>儘管整體市場在過去一年中上漲了約 14%，但 Evolution 的股東卻損失了 37%（即使包括股息）。然而，請記住，即使是最好的股票在十二個月的時間裏有時也會表現不佳。長期投資者不會太沮喪，因為他們在五年中每年獲得了 19% 的收益。如果基本數據繼續表明長期可持續增長，目前的拋售可能是一個值得考慮的機會。我發現從長期來看觀察股價作為業務表現的代理非常有趣。但要真正獲得洞察，我們還需要考慮其他信息。例如，考慮風險。每家公司都有風險，我們發現 <strong>Evolution 有一個警示信號</strong>，您應該瞭解。</p>
<p>還有很多其他公司也有內部人士在買入股票。您可能不想錯過這份 <strong>免費的</strong> 被低估的小型公司的名單，這些公司內部人士正在買入。</p>
<p><em>請注意，本文中引用的市場回報反映了目前在瑞典交易所交易的股票的市場加權平均回報。</em></p>

EVVTY

<p>Evolution AB (STO:EVO) 在過去五年中為股東帶來了強勁的 143% 總股東回報率（TSR），儘管本季度股價最近下跌了 13%。公司的每股收益（EPS）年均增長達 49%，超過了 18% 的年股價增長。儘管該股票在過去一年表現不佳，但長期投資者卻看到了持續的增長。近期內部人士的買入是一個積極的信號，而當前市場的拋售可能為考慮長期增長的投資者提供了買入機會</p>

<p>It hasn't been the best quarter for <strong>Evolution AB (publ)</strong> (STO:EVO) shareholders, since the share price has fallen 13% in that time. But that scarcely detracts from the really solid long term returns generated by the company over five years. It's fair to say most would be happy with 127% the gain in that time. We think it's more important to dwell on the long term returns than the short term returns. Of course, that doesn't necessarily mean it's cheap now. Unfortunately not all shareholders will have held it for the long term, so spare a thought for those caught in the 38% decline over the last twelve months.</p>
<div class="lb-trans"><p>對於 <strong>Evolution AB (publ)</strong> (STO:EVO) 的股東來説，這個季度並不是最佳表現，因為股價在此期間下跌了 13%。但這並沒有削弱公司在過去五年中所產生的非常穩健的長期回報。可以公平地説，大多數人會對這段時間 127% 的收益感到滿意。我們認為，關注長期回報比短期回報更為重要。當然，這並不一定意味着現在的股價便宜。不幸的是，並非所有股東都能長期持有，因此請為那些在過去十二個月中遭遇 38% 下跌的股東考慮一下。</p>
</div><p>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.</p>
<div class="lb-trans"><p>現在值得看看公司的基本面，因為這將幫助我們確定長期股東回報是否與基礎業務的表現相匹配。</p>
</div><p>See our latest analysis for Evolution</p>
<div class="lb-trans"><p>查看我們對 Evolution 的最新分析</p>
</div><p>In his essay <em>The Superinvestors of Graham-and-Doddsville</em> Warren Buffett described how share prices do not always rationally reflect the value of a business. 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.</p>
<div class="lb-trans"><p>在他的文章《格雷厄姆與多德斯維爾的超級投資者》中，沃倫·巴菲特描述了股價並不總是理性反映企業價值的情況。評估公司情緒變化的一個有缺陷但合理的方法是將每股收益（EPS）與股價進行比較。</p>
</div><p>Over half a decade, Evolution managed to grow its earnings per share at 49% a year. The EPS growth is more impressive than the yearly share price gain of 18% over the same period. Therefore, it seems the market has become relatively pessimistic about the company.</p>
<div class="lb-trans"><p>在過去的五年中，Evolution 每年的每股收益增長率達到了 49%。這一 EPS 增長率比同期每年 18% 的股價增長更為令人印象深刻。因此，市場似乎對該公司的前景變得相對悲觀。</p>
</div><p>You can see below how EPS has changed over time (discover the exact values by clicking on the image).</p>
<div class="lb-trans"><p>您可以在下面看到 EPS 隨時間的變化（通過點擊圖片發現確切的數值）。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/285223104-earnings-per-share-growth-1-dark/1741002276808" alt="" original-src="https://images.simplywall.st/asset/chart/285223104-earnings-per-share-growth-1-dark/1741002276808"/></p>
<p>OM:EVO Earnings Per Share Growth March 3rd 2025</p>
<div class="lb-trans"><p>OM:EVO 每股收益增長 2025 年 3 月 3 日</p>
</div><p>It's probably worth noting we've seen significant insider buying in the last quarter, which we consider a positive. That said, we think earnings and revenue growth trends are even more important factors to consider. Dive deeper into the earnings by checking this interactive graph of Evolution's earnings, revenue and cash flow.</p>
<div class="lb-trans"><p>值得注意的是，我們在上個季度看到顯著的內部人士買入，這被我們視為一個積極信號。儘管如此，我們認為收益和收入增長趨勢是更重要的考慮因素。通過查看 Evolution 的收益、收入和現金流的互動圖表，深入瞭解收益情況。</p>
</div><h2>What About Dividends?</h2>
<div class="lb-trans"><h2>股息情況如何？</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>. The TSR incorporates the value of any spin-offs or discounted capital raisings, along with any dividends, based on the assumption that the dividends are reinvested. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. We note that for Evolution the TSR over the last 5 years was 143%, which is better than the share price return mentioned above. And there's no prize for guessing that the dividend payments largely explain the divergence!</p>
<div class="lb-trans"><p>在考慮投資回報時，重要的是要考慮_總股東回報_（TSR）與_股價回報_之間的差異。TSR 包括任何分拆或折扣融資的價值，以及任何股息，假設股息被再投資。因此，對於支付豐厚股息的公司，TSR 通常遠高於股價回報。我們注意到，Evolution 在過去五年的 TSR 為 143%，這比上述的股價回報要好。而且，毫無疑問，股息支付在很大程度上解釋了這種差異！</p>
</div><h2>A Different Perspective</h2>
<div class="lb-trans"><h2>不同的視角</h2>
</div><p>While the broader market gained around 14% in the last year, Evolution shareholders lost 37% (even including dividends). However, keep in mind that even the best stocks will sometimes underperform the market over a twelve month period. Longer term investors wouldn't be so upset, since they would have made 19%, each year, over five years. If the fundamental data continues to indicate long term sustainable growth, the current sell-off could be an opportunity worth considering. 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. Consider risks, for instance. Every company has them, and we've spotted <strong>1 warning sign for Evolution</strong> you should know about.</p>
<div class="lb-trans"><p>儘管整體市場在過去一年中上漲了約 14%，但 Evolution 的股東卻損失了 37%（即使包括股息）。然而，請記住，即使是最好的股票在十二個月的時間裏有時也會表現不佳。長期投資者不會太沮喪，因為他們在五年中每年獲得了 19% 的收益。如果基本數據繼續表明長期可持續增長，目前的拋售可能是一個值得考慮的機會。我發現從長期來看觀察股價作為業務表現的代理非常有趣。但要真正獲得洞察，我們還需要考慮其他信息。例如，考慮風險。每家公司都有風險，我們發現 <strong>Evolution 有一個警示信號</strong>，您應該瞭解。</p>
</div><p>There are plenty of other companies that have insiders buying up shares. You probably do <strong>not</strong> want to miss this <strong>free</strong> list of undervalued small cap companies that insiders are buying.</p>
<div class="lb-trans"><p>還有很多其他公司也有內部人士在買入股票。您可能不想錯過這份 <strong>免費的</strong> 被低估的小型公司的名單，這些公司內部人士正在買入。</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 Swedish exchanges.</em></p>
<div class="lb-trans"><p><em>請注意，本文中引用的市場回報反映了目前在瑞典交易所交易的股票的市場加權平均回報。</em></p>
</div>

Evolution (STO:EVO) 的投資者將對過去五年中強勁的 143% 回報感到滿意