Artisan Partners Asset Management's (NYSE:APAM) Five-year Earnings Growth Trails the 18% YoY Shareholder Returns
Artisan Partners Asset Management's (NYSE:APAM) Five-year Earnings Growth Trails the 18% YoY Shareholder Returns
When you buy and hold a stock for the long term, you definitely want it to provide a positive return. Better yet, you'd like to see the share price move up more than the market average. But Artisan Partners Asset Management Inc. (NYSE:APAM) has fallen short of that second goal, with a share price rise of 42% over five years, which is below the market return. But if you include dividends then the return is market-beating. Looking at the last year alone, the stock is up 8.3%.
当你长期购买并持有股票时,你肯定希望它能提供正回报。更好的是,你希望看到股价的上涨幅度超过市场平均水平。但是Artisan Partners Asset Management Inc.(纽约证券交易所代码:APAM)仍未实现第二个目标,股价在五年内上涨了42%,低于市场回报率。但是,如果将股息包括在内,则回报率将超过市场。仅从去年来看,该股就上涨了8.3%。
Since it's been a strong week for Artisan Partners Asset Management shareholders, let's have a look at trend of the longer term fundamentals.
由于对于Artisan Partners资产管理股东来说,这是表现强劲的一周,让我们来看看长期基本面的趋势。
Check out our latest analysis for Artisan Partners Asset Management
查看我们对 Artisan Partners 资产管理的最新分析
While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance. 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.
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。考虑市场对公司的看法发生了怎样的变化的一种不完美但简单的方法是将每股收益(EPS)的变化与股价走势进行比较。
Over half a decade, Artisan Partners Asset Management managed to grow its earnings per share at 11% a year. The EPS growth is more impressive than the yearly share price gain of 7% over the same period. Therefore, it seems the market has become relatively pessimistic about the company.
在过去的五年中,Artisan Partners资产管理公司成功地将其每股收益增长了11%。每股收益的增长比同期7%的年股价涨幅更令人印象深刻。因此,看来市场对该公司已经变得相对悲观了。
The graphic below depicts how EPS has changed over time (unveil the exact values by clicking on the image).
下图描述了 EPS 随着时间的推移是如何变化的(点击图片可以看到确切的值)。
![earnings-per-share-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20231114/0-02cf364629521df77538aad5751cac6b-0-4a5f84c44fc6a0785d797f3f20c3e6e7.png/big)
Before buying or selling a stock, we always recommend a close examination of historic growth trends, available here.
在买入或卖出股票之前,我们始终建议仔细研究历史增长趋势,可在此处查阅。
What About Dividends?
分红呢?
As well as measuring the share price return, investors should also consider the total shareholder return (TSR). The TSR is a return calculation that accounts for the value of cash dividends (assuming that any dividend received was reinvested) and the calculated value of any discounted capital raisings and spin-offs. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. As it happens, Artisan Partners Asset Management's TSR for the last 5 years was 125%, which exceeds the share price return mentioned earlier. This is largely a result of its dividend payments!
除了衡量股价回报外,投资者还应考虑股东总回报(TSR)。股东总回报率是一种回报计算方法,它考虑了现金分红的价值(假设收到的任何股息已被再投资)以及任何贴现资本筹集和分拆的计算价值。可以公平地说,股东总回报率为支付股息的股票提供了更完整的画面。碰巧的是,Artisan Partners资产管理公司过去5年的股东总回报率为125%,超过了前面提到的股价回报率。这在很大程度上是其股息支付的结果!
A Different Perspective
不同的视角
It's good to see that Artisan Partners Asset Management has rewarded shareholders with a total shareholder return of 15% in the last twelve months. And that does include the dividend. Having said that, the five-year TSR of 18% a year, is even better. While it is well worth considering the different impacts that market conditions can have on the share price, there are other factors that are even more important. Take risks, for example - Artisan Partners Asset Management has 1 warning sign we think you should be aware of.
很高兴看到Artisan Partners资产管理在过去十二个月中向股东提供了15%的股东总回报率。这确实包括股息。话虽如此,五年股东总回报率为每年18%,甚至更好。尽管值得考虑市场状况可能对股价产生的不同影响,但还有其他因素更为重要。以风险为例,Artisan Partners资产管理公司有1个警告信号,我们认为你应该注意。
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of companies we expect will grow earnings.
当然,通过寻找其他地方,你可能会找到一笔不错的投资。因此,请看一下我们预计收益将增加的这份免费公司名单。
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。
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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,也没有考虑到您的目标或财务状况。我们的目标是为您提供由基本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型公司公告或定性材料。简而言之,华尔街没有持有任何上述股票的头寸。