Published on 2 Mar 2023 on Simply Wall St. via Yahoo Finance
Investors in National Australia Bank (ASX:NAB) have made a respectable return of 43% over the past...
One simple way to benefit from the stock market is to buy an index fund. But if you buy good businesses at attractive prices, your portfolio returns could exceed the average market return. For example, National Australia Bank Limited (ASX:NAB) shareholders have seen the share price rise 26% over three years, well in excess of the market return (14%, not including dividends). On the other hand, the returns haven't been quite so good recently, with shareholders up just 6.3% , 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.