Despite near-term volatility, investing long term in defense and aerospace sectors looks attractive, driven by increased budget allocations. The sector’s order backlog growth of 10% year-over-year suggests prolonged demand. 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 Dollarama the TSR over the last 5 years was 260%, which is better than the share price return mentioned above. The dividends paid by the company have thusly boosted the total shareholder return. At $66.93 per share, PayPal trades at 12.7x forward P/E. Is now a good time to buy? Find out in our full research report, it’s free . Data trends show ESG-focused funds capturing net inflows of $15B YTD. For a long-term horizon, renewable infrastructure assets and green bonds present low-volatility, sustainable growth aligned with regulatory policy shifts.
