On average, over time, stock markets tend to rise higher. This makes investing attractive. But not every stock you buy will perform as well as the overall market. Over the last year the Crown Crafts, Inc. (NASDAQ:CRWS) share price is up 25%, but that's less than the broader market return. The longer term returns are positive, with the share price up 20% in three years.

平均而言，随着时间的推移，股市往往会走高。这使得投资更具吸引力。但并不是你买的每只股票都能像整体市场一样表现出色。去年，Crown Crafts, Inc. (NASDAQ:CRWS)的股价上涨了25%，但仍低于整体市场的回报率。长期回报为正，股价在三年内上涨了20%。

Check out our latest analysis for Crown Crafts

看看我们对皇冠工艺的最新分析

To paraphrase Benjamin Graham: Over the short term the market is a voting machine, but over the long term it's a weighing machine. 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.

套用本杰明•格雷厄姆(Benjamin Graham)的话:短期而言，市场是一台投票机，但长期而言，它是一台称重机。考虑市场对一家公司的看法如何改变的一个不完美但简单的方法是，将每股收益(EPS)的变化与股价变动进行比较。

During the last year Crown Crafts grew its earnings per share (EPS) by 17%. The share price gain of 25% certainly outpaced the EPS growth. This indicates that the market is now more optimistic about the stock.

去年，皇冠工艺的每股收益增长了17%。25%的股价涨幅肯定超过了每股收益的增长。这表明目前市场对该股更加看好。

The graphic below depicts how EPS has changed over time (unveil the exact values by clicking on the image).

下图描述了EPS是如何随时间变化的(通过点击图片来揭示准确的值)。

earnings-per-share-growth

每股收益增长

We know that Crown Crafts has improved its bottom line lately, but is it going to grow revenue? Check if analysts think Crown Crafts will grow revenue in the future.What About Dividends?

我们知道Crown Crafts最近提高了它的利润，但它的收益会增长吗?看看分析师们是否认为Crown Crafts将来会增加收入。红利呢?

As well as measuring the share price return, investors should also consider the total shareholder return (TSR). 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. In the case of Crown Crafts, it has a TSR of 34% for the last year. That exceeds its share price return that we previously mentioned. This is largely a result of its dividend payments!

除了衡量股价回报，投资者还应该考虑股东总回报(TSR)。TSR包含了任何分拆或贴现融资的价值，以及任何股息，基于股息被再投资的假设。因此，对于支付高额股息的公司来说，TSR往往远高于股价回报。以皇冠工艺品为例，它去年的TSR为34%。这超过了我们之前提到的股价回报。这主要是股息支付的结果!

Crown Crafts shareholders gained a total return of 34% during the year. But that return falls short of the market. The silver lining is that the gain was actually better than the average annual return of 5% per year over five year. 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. Consider for instance, the ever-present spectre of investment risk. We've identified 3 warning signs with Crown Crafts (at least 1 which shouldn't be ignored) , and understanding them should be part of your investment process.

Crown Crafts的股东去年获得了34%的总回报率。但这一回报低于市场水平。幸运的是，这一收益实际上比5年平均每年5%的回报率要好。这表明该公司可能会随着时间的推移而改善。我觉得把股价作为衡量企业业绩的长期指标很有意思。但要想真正了解情况，我们还需要考虑其他信息。例如，投资风险的幽灵一直存在。我们发现了3个关于皇冠工艺的警告信号(至少1个不应该被忽视)，理解它们应该是你投资过程的一部分。