<p>被動投資於指數基金可以產生大致與整體市場相匹配的回報。但根據我們的經驗，購買正確的股票可以顯著提升你的財富。例如，<strong>艾默生電氣</strong>（NYSE:EMR）在過去五年中的股價上漲了 90%，略高於市場回報。值得一提的是，該股票在一年內上漲了 8.1%。</p>
<p>因此，讓我們評估過去五年的基本面，看看它們是否與股東回報同步變化。</p>
<p>人工智能即將改變醫療保健。這 20 只股票正在從早期診斷到藥物發現等各個方面進行工作。最棒的是——它們的市值都在 100 億美元以下——現在仍然有機會提前佈局。</p>
<p>儘管有效市場假説仍然被一些人教授，但市場被證明是過度反應的動態系統，投資者並不總是理性。考慮市場對公司認知變化的一種不完美但簡單的方法是比較每股收益（EPS）的變化與股價變動。</p>
<p>在五年的股價增長期間，艾默生電氣的每股收益實際上每年下降了 0.2%。</p>
<p>因此，很難説每股收益是評判公司的最佳指標，因為此時可能並未優化利潤。因此，值得關注其他指標，以嘗試理解股價變動。</p>
<p>1.8% 的温和股息收益率不太可能支撐股價。每年 0.3% 的收入減少並不是一個積極的信號。股價上漲確實讓我們感到驚訝，但也許更仔細地審視數據會帶來答案。</p>
<p>你可以在下面看到收益和收入隨時間的變化（點擊圖片可以發現確切的數值）。</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/269231-earnings-and-revenue-growth-1-dark-2/1748605981725?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/269231-earnings-and-revenue-growth-1-dark-2/1748605981725"/></p>
<p>NYSE:EMR 收益和收入增長 2025 年 5 月 30 日</p>
<p>艾默生電氣是一隻知名股票，擁有大量分析師覆蓋，表明對未來增長有一定的可見性。如果你考慮購買或出售艾默生電氣的股票，應該查看這份 <strong>免費</strong> 報告，顯示分析師對未來利潤的共識預期。</p>
<p><img src="https://imageproxy.pbkrs.com/https://media.simplywall.st/news/1748322310639-Valuation_banner.png?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://media.simplywall.st/news/1748322310639-Valuation_banner.png"/></p>
<h2>股息情況如何？</h2>
<p>考慮任何給定股票的總股東回報以及股價回報是非常重要的。股價回報僅反映股價的變化，而總股東回報（TSR）則包括股息的價值（假設它們被再投資）以及任何折扣資本籌集或分拆的好處。可以説，TSR 提供了股票產生回報的更全面的圖景。我們注意到，艾默生電氣在過去五年的 TSR 為 112%，這比上述的股價回報要好。公司支付的股息因此提升了_總_股東回報。</p>
<h2>不同的視角</h2>
<p>艾默生電氣的股東今年上漲了 10%（包括股息）。但這一回報低於市場。從積極的一面來看，長期回報（約為每年 16%，持續了五年）看起來更好。儘管股價上漲放緩，但企業仍然可能繼續出色地執行。長期跟蹤股價表現總是很有趣。但要更好地理解艾默生電氣，我們需要考慮許多其他因素。舉個例子：我們發現了 <strong>艾默生電氣的 2 個警示信號</strong>，你應該注意。</p>
<p>如果你和我一樣，那麼你 <strong>不</strong> 想錯過這份 <strong>免費</strong> 的被低估的小型股名單，內部人士正在購買。</p>
<p><em>請注意，本文中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。</em></p>

艾默生電氣

<p>艾默生電氣（NYSE:EMR）股東在過去五年中實現了 16% 的年複合增長率，股價上漲了 90%，略高於市場回報。然而，每股收益年均下降 0.2%，收入也下降了 0.3%。五年的總股東回報率（TSR）為 112%，得益於分紅。儘管今年回報率為 10%，但仍落後於市場。分析師指出，儘管股價上漲的勢頭減緩，但公司的基本面值得進一步審視，包括需要考慮的兩個警示信號</p>

<p>Passive investing in index funds can generate returns that roughly match the overall market. But in our experience, buying the right stocks can give your wealth a significant boost. For example, the <strong>Emerson Electric Co.</strong> (NYSE:EMR) share price is up 90% in the last five years, slightly above the market return. It's also good to see that the stock is up 8.1% in a year.</p>
<div class="lb-trans"><p>被動投資於指數基金可以產生大致與整體市場相匹配的回報。但根據我們的經驗，購買正確的股票可以顯著提升你的財富。例如，<strong>艾默生電氣</strong>（NYSE:EMR）在過去五年中的股價上漲了 90%，略高於市場回報。值得一提的是，該股票在一年內上漲了 8.1%。</p>
</div><p>So let's assess the underlying fundamentals over the last 5 years and see if they've moved in lock-step with shareholder returns.</p>
<div class="lb-trans"><p>因此，讓我們評估過去五年的基本面，看看它們是否與股東回報同步變化。</p>
</div><p>AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early.</p>
<div class="lb-trans"><p>人工智能即將改變醫療保健。這 20 只股票正在從早期診斷到藥物發現等各個方面進行工作。最棒的是——它們的市值都在 100 億美元以下——現在仍然有機會提前佈局。</p>
</div><p>While the efficient markets hypothesis continues to be taught by some, it has been proven that markets are over-reactive dynamic systems, and investors are not always rational. 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>儘管有效市場假説仍然被一些人教授，但市場被證明是過度反應的動態系統，投資者並不總是理性。考慮市場對公司認知變化的一種不完美但簡單的方法是比較每股收益（EPS）的變化與股價變動。</p>
</div><p>During five years of share price growth, Emerson Electric actually saw its EPS drop 0.2% per year.</p>
<div class="lb-trans"><p>在五年的股價增長期間，艾默生電氣的每股收益實際上每年下降了 0.2%。</p>
</div><p>So it's hard to argue that the earnings per share are the best metric to judge the company, as it may not be optimized for profits at this point. Therefore, it's worth taking a look at other metrics to try to understand the share price movements.</p>
<div class="lb-trans"><p>因此，很難説每股收益是評判公司的最佳指標，因為此時可能並未優化利潤。因此，值得關注其他指標，以嘗試理解股價變動。</p>
</div><p>The modest 1.8% dividend yield is unlikely to be propping up the share price. The revenue reduction of 0.3% per year is not a positive. It certainly surprises us that the share price is up, but perhaps a closer examination of the data will yield answers.</p>
<div class="lb-trans"><p>1.8% 的温和股息收益率不太可能支撐股價。每年 0.3% 的收入減少並不是一個積極的信號。股價上漲確實讓我們感到驚訝，但也許更仔細地審視數據會帶來答案。</p>
</div><p>You can see below how earnings and revenue have changed over time (discover the exact values by clicking on the image).</p>
<div class="lb-trans"><p>你可以在下面看到收益和收入隨時間的變化（點擊圖片可以發現確切的數值）。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/269231-earnings-and-revenue-growth-1-dark-2/1748605981725" alt="" original-src="https://images.simplywall.st/asset/chart/269231-earnings-and-revenue-growth-1-dark-2/1748605981725"/></p>
<p>NYSE:EMR Earnings and Revenue Growth May 30th 2025</p>
<div class="lb-trans"><p>NYSE:EMR 收益和收入增長 2025 年 5 月 30 日</p>
</div><p>Emerson Electric is a well known stock, with plenty of analyst coverage, suggesting some visibility into future growth. If you are thinking of buying or selling Emerson Electric stock, you should check out this <strong>free</strong> report showing analyst consensus estimates for future profits.</p>
<div class="lb-trans"><p>艾默生電氣是一隻知名股票，擁有大量分析師覆蓋，表明對未來增長有一定的可見性。如果你考慮購買或出售艾默生電氣的股票，應該查看這份 <strong>免費</strong> 報告，顯示分析師對未來利潤的共識預期。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://media.simplywall.st/news/1748322310639-Valuation_banner.png" alt="" original-src="https://media.simplywall.st/news/1748322310639-Valuation_banner.png"/></p>
<h2>What About Dividends?</h2>
<div class="lb-trans"><h2>股息情況如何？</h2>
</div><p>It is important to consider the total shareholder return, as well as the share price return, for any given stock. 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. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. We note that for Emerson Electric the TSR over the last 5 years was 112%, which is better than the share price return mentioned above. The dividends paid by the company have thusly boosted the <em>total</em> shareholder return.</p>
<div class="lb-trans"><p>考慮任何給定股票的總股東回報以及股價回報是非常重要的。股價回報僅反映股價的變化，而總股東回報（TSR）則包括股息的價值（假設它們被再投資）以及任何折扣資本籌集或分拆的好處。可以説，TSR 提供了股票產生回報的更全面的圖景。我們注意到，艾默生電氣在過去五年的 TSR 為 112%，這比上述的股價回報要好。公司支付的股息因此提升了_總_股東回報。</p>
</div><h2>A Different Perspective</h2>
<div class="lb-trans"><h2>不同的視角</h2>
</div><p>Emerson Electric shareholders are up 10% for the year (even including dividends). But that return falls short of the market. On the bright side, the longer term returns (running at about 16% a year, over half a decade) look better. It's quite possible the business continues to execute with prowess, even as the share price gains are slowing. It's always interesting to track share price performance over the longer term. But to understand Emerson Electric better, we need to consider many other factors. Case in point: We've spotted <strong>2 warning signs for Emerson Electric</strong> you should be aware of.</p>
<div class="lb-trans"><p>艾默生電氣的股東今年上漲了 10%（包括股息）。但這一回報低於市場。從積極的一面來看，長期回報（約為每年 16%，持續了五年）看起來更好。儘管股價上漲放緩，但企業仍然可能繼續出色地執行。長期跟蹤股價表現總是很有趣。但要更好地理解艾默生電氣，我們需要考慮許多其他因素。舉個例子：我們發現了 <strong>艾默生電氣的 2 個警示信號</strong>，你應該注意。</p>
</div><p>If you are like me, then you will <strong>not</strong> want to miss this <strong>free</strong> list of undervalued small caps that insiders are buying.</p>
<div class="lb-trans"><p>如果你和我一樣，那麼你 <strong>不</strong> 想錯過這份 <strong>免費</strong> 的被低估的小型股名單，內部人士正在購買。</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 American 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美國交易所交易的股票的市場加權平均回報。</em></p>
</div>

艾默生電氣（NYSE:EMR）的股東在過去五年中實現了 16% 的年複合增長率