Investing in Xcel Energy (NASDAQ:XEL) Five Years Ago Would Have Delivered You a 31% Gain
Investing in Xcel Energy (NASDAQ:XEL) Five Years Ago Would Have Delivered You a 31% Gain
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. Unfortunately for shareholders, while the Xcel Energy Inc. (NASDAQ:XEL) share price is up 14% in the last five years, that's less than the market return. Unfortunately the share price is down 12% in the last year.
当你长期购买和持有股票时,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。对于股东来说,不幸的是,尽管Xcel Energy Inc.(纳斯达克股票代码:XEL)的股价在过去五年中上涨了14%,但仍低于市场回报率。不幸的是,去年股价下跌了12%。
Now it's worth having a look at the company's fundamentals too, because that will help us determine if the long term shareholder return has matched the performance of the underlying business.
现在也值得一看公司的基本面,因为这将有助于我们确定长期股东回报是否与基础业务的表现相匹配。
Check out our latest analysis for Xcel Energy
查看我们对 Xcel Energy 的最新分析
In his essay The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not always rationally reflect the value of a business. One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price.
在他的文章中 格雷厄姆和多兹维尔的超级投资者 沃伦·巴菲特描述了股价如何并不总是合理地反映企业的价值。评估公司情绪变化的一种有缺陷但合理的方法是将每股收益(EPS)与股价进行比较。
During five years of share price growth, Xcel Energy achieved compound earnings per share (EPS) growth of 5.4% per year. This EPS growth is higher than the 3% average annual increase in the share price. Therefore, it seems the market has become relatively pessimistic about the company.
在五年的股价增长中,Xcel Energy实现了每年5.4%的复合每股收益(EPS)增长。每股收益的增长高于股价每年平均增长3%。因此,市场似乎对该公司变得相对悲观。
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/7781/20240130/0-7bc0e229d508cac885f4016764d28be5-0-c9e89c7c0d721fe9b2487990ef8620ec.png/big)
It might be well worthwhile taking a look at our free report on Xcel Energy's earnings, revenue and cash flow.
可能值得一看我们关于Xcel Energy收益、收入和现金流的免费报告。
What About Dividends?
分红呢?
It is important to consider the total shareholder return, as well as the share price return, for any given stock. 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. In the case of Xcel Energy, it has a TSR of 31% for the last 5 years. That exceeds its share price return that we previously mentioned. And there's no prize for guessing that the dividend payments largely explain the divergence!
重要的是要考虑任何给定股票的股东总回报率和股价回报率。基于股息再投资的假设,股东总回报率纳入了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率。就Xcel Energy而言,在过去的5年中,其股东回报率为31%。这超过了我们之前提到的其股价回报率。而且,猜测股息支付在很大程度上解释了这种分歧是没有好处的!
A Different Perspective
不同的视角
Xcel Energy shareholders are down 9.4% for the year (even including dividends), but the market itself is up 22%. Even the share prices of good stocks drop sometimes, but we want to see improvements in the fundamental metrics of a business, before getting too interested. On the bright side, long term shareholders have made money, with a gain of 6% per year over half a decade. It could be that the recent sell-off is an opportunity, so it may be worth checking the fundamental data for signs of a long term growth trend. 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. Consider for instance, the ever-present spectre of investment risk. We've identified 2 warning signs with Xcel Energy (at least 1 which is a bit unpleasant) , and understanding them should be part of your investment process.
Xcel Energy的股东今年下跌了9.4%(甚至包括股息),但市场本身上涨了22%。即使是优质股票的股价有时也会下跌,但我们希望在过于感兴趣之前看到企业基本指标的改善。好的一面是,长期股东赚了钱,在过去的五年中,每年增长6%。最近的抛售可能是一个机会,因此可能值得查看基本面数据以寻找长期增长趋势的迹象。我发现将长期股价视为业务绩效的代表非常有趣。但是,要真正获得见解,我们还需要考虑其他信息。例如,投资风险的幽灵无处不在。我们已经在Xcel Energy发现了两个警告信号(至少有一个有点不愉快),了解它们应该是你投资过程的一部分。
If you like to buy stocks alongside management, then you might just love this free list of companies. (Hint: insiders have been buying them).
如果你想与管理层一起购买股票,那么你可能会喜欢这份免费的公司名单。(提示:业内人士一直在购买它们)。
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。