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Vulcan Materials' (NYSE:VMC) Five-year Earnings Growth Trails the 16% YoY Shareholder Returns

Vulcan Materials' (NYSE:VMC) Five-year Earnings Growth Trails the 16% YoY Shareholder Returns

Vulcan Materials(纽约证券交易所代码:VMC)的五年收益增长落后于同比16%的股东回报率
Simply Wall St ·  2023/11/08 23:06

Stock pickers are generally looking for stocks that will outperform the broader market. And the truth is, you can make significant gains if you buy good quality businesses at the right price. For example, the Vulcan Materials Company (NYSE:VMC) share price is up 98% in the last 5 years, clearly besting the market return of around 54% (ignoring dividends). However, more recent returns haven't been as impressive as that, with the stock returning just 21% in the last year , including dividends .

选股者通常在寻找表现优于大盘的股票。事实是,如果你以合适的价格收购优质的企业,你可以获得可观的收益。例如, 火神材料公司 纽约证券交易所代码:VMC)的股价在过去5年中上涨了98%,显然超过了约54%的市场回报率(不包括股息)。但是,最近的回报并没有那么令人印象深刻,该股去年的回报率仅为21%,包括股息。

The past week has proven to be lucrative for Vulcan Materials investors, so let's see if fundamentals drove the company's five-year performance.

事实证明,过去一周对Vulcan Materials的投资者来说是有利可图的,因此让我们看看基本面是否推动了该公司的五年业绩。

View our latest analysis for Vulcan Materials

查看我们对 Vulcan Materials 的最新分析

While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance. One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS).

虽然市场是一种强大的定价机制,但股价反映了投资者的情绪,而不仅仅是潜在的业务表现。研究市场情绪如何随着时间的推移而变化的一种方法是研究公司股价与其每股收益(EPS)之间的相互作用。

During five years of share price growth, Vulcan Materials achieved compound earnings per share (EPS) growth of 2.9% per year. This EPS growth is lower than the 15% average annual increase in the share price. This suggests that market participants hold the company in higher regard, these days. That's not necessarily surprising considering the five-year track record of earnings growth.

在五年的股价增长中,Vulcan Materials实现了每股复合收益(EPS)每年增长2.9%。每股收益的增长低于股价每年平均增长15%。这表明,如今,市场参与者对公司的重视程度更高。考虑到五年的收益增长记录,这并不一定令人惊讶。

You can see how EPS has changed over time in the image below (click on the chart to see the exact values).

您可以在下图中看到 EPS 随时间推移的变化(点击图表查看确切值)。

earnings-per-share-growth
NYSE:VMC Earnings Per Share Growth November 8th 2023
纽约证券交易所:VMC 每股收益增长 2023 年 11 月 8 日

We know that Vulcan Materials has improved its bottom line lately, but is it going to grow revenue? This free report showing analyst revenue forecasts should help you figure out if the EPS growth can be sustained.

我们知道Vulcan Materials最近提高了利润,但它会增加收入吗?这个 免费的 显示分析师收入预测的报告应该可以帮助您弄清楚每股收益的增长能否持续。

What About Dividends?

分红呢?

When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. 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. We note that for Vulcan Materials the TSR over the last 5 years was 107%, which is better than the share price return mentioned above. The dividends paid by the company have thusly boosted the total shareholder return.

在考虑投资回报时,重要的是要考虑两者之间的区别 股东总回报 (TSR) 和 股价回报。基于股息再投资的假设,股东总回报率包括任何分拆或贴现资本筹集的价值以及任何股息。因此,对于支付丰厚股息的公司来说,股东总回报率通常远高于股价回报。我们注意到,Vulcan Materials在过去5年的股东总回报率为107%,好于上述股价回报率。因此,该公司支付的股息促进了 股东回报。

A Different Perspective

不同的视角

It's good to see that Vulcan Materials has rewarded shareholders with a total shareholder return of 21% in the last twelve months. That's including the dividend. That gain is better than the annual TSR over five years, which is 16%. Therefore it seems like sentiment around the company has been positive lately. In the best case scenario, this may hint at some real business momentum, implying that now could be a great time to delve deeper. 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. Even so, be aware that Vulcan Materials is showing 1 warning sign in our investment analysis , you should know about...

很高兴看到Vulcan Materials在过去十二个月中向股东提供了21%的股东总回报率。这包括股息。该增幅优于五年内的年度股东总回报率,后者为16%。因此,最近公司周围的情绪似乎一直乐观。在最好的情况下,这可能暗示着一些真正的商业势头,这意味着现在可能是深入研究的好时机。我发现从长远来看,将股价视为业务表现的代表非常有趣。但是,要真正获得见解,我们还需要考虑其他信息。即便如此,请注意 Vulcan Materials 正在显示 我们的投资分析中有 1 个警告信号 ,你应该知道...

For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.

对于那些喜欢寻找的人 获胜的投资 这个 免费的 最近进行内幕收购的成长型公司名单可能只是门票。

Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on American exchanges.

请注意,本文引用的市场回报反映了目前在美国交易所交易的股票的市场加权平均回报。

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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Simply Wall St的这篇文章本质上是笼统的。 我们仅使用公正的方法根据历史数据和分析师的预测提供评论,我们的文章无意作为财务建议。 它不构成买入或卖出任何股票的建议,也没有考虑您的目标或财务状况。我们的目标是为您提供由基本面数据驱动的长期重点分析。请注意,我们的分析可能不考虑最新的价格敏感公司公告或定性材料。简而言之,华尔街在上述任何股票中都没有头寸。

声明:本内容仅用作提供资讯及教育之目的,不构成对任何特定投资或投资策略的推荐或认可。 更多信息
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