It might be of some concern to shareholders to see the Vysarn Limited (ASX:VYS) share price down 11% in the last month. But over five years returns have been remarkably great. Indeed, the share price is up a whopping 925% in that time. Arguably, the recent fall is to be expected after such a strong rise. Of course what matters most is whether the business can improve itself sustainably, thus justifying a higher price. It really delights us to see such great share price performance for investors.

With that in mind, it’s worth seeing if the company’s underlying fundamentals have been the driver of long term performance, or if there are some discrepancies.

Check out our latest analysis for Vysarn

To quote Buffett, ‘Ships will sail around the world but the Flat Earth Society will flourish. There will continue to be wide discrepancies between price and value in the marketplace…’ 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.

Vysarn’s earnings per share are down 1.1% per year, despite strong share price performance over five years.

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. Since the change in EPS doesn’t seem to correlate with the change in share price, it’s worth taking a look at other metrics.

On the other hand, Vysarn’s revenue is growing nicely, at a compound rate of 36% over the last five years. In that case, the company may be sacrificing current earnings per share to drive growth.

You can see below how earnings and revenue have changed over time (discover the exact values by clicking on the image).

We know that Vysarn has improved its bottom line over the last three years, but what does the future have in store? This free interactive report on Vysarn’s balance sheet strength is a great place to start, if you want to investigate the stock further.

Investors should note that there’s a difference between Vysarn’s total shareholder return (TSR) and its share price change, which we’ve covered above. The TSR attempts to capture the value of dividends (as if they were reinvested) as well as any spin-offs or discounted capital raisings offered to shareholders. Vysarn hasn’t been paying dividends, but its TSR of 958% exceeds its share price return of 925%, implying it has either spun-off a business, or raised capital at a discount; thereby providing additional value to shareholders.