Published on 22 Apr 2024 on Simply Wall St. via Yahoo Finance
Investing in Baker Hughes (NASDAQ:BKR) three years ago would have delivered you a 75% gain
By buying an index fund, you can roughly match the market return with ease. But if you buy good businesses at attractive prices, your portfolio returns could exceed the average market return. For example, Baker Hughes Company (NASDAQ:BKR) shareholders have seen the share price rise 62% over three years, well in excess of the market return (7.0%, not including dividends). On the other hand, the returns haven't been quite so good recently, with shareholders up just 11% , including dividends .
So let's assess the underlying fundamentals over the last 3 years and see if they've moved in lock-step with shareholder returns.