Encore Wire's (NASDAQ:WIRE) Five-year Earnings Growth Trails the Enviable Shareholder Returns
Encore Wire's (NASDAQ:WIRE) Five-year Earnings Growth Trails the Enviable Shareholder Returns
We think all investors should try to buy and hold high quality multi-year winners. And we've seen some truly amazing gains over the years. Don't believe it? Then look at the Encore Wire Corporation (NASDAQ:WIRE) share price. It's 308% higher than it was five years ago. This just goes to show the value creation that some businesses can achieve. On top of that, the share price is up 30% in about a quarter. But this could be related to the strong market, which is up 12% in the last three months.
我们认为,所有投资者都应该尝试买入并持有高质量的多年期赢家。这些年来,我们已经看到了一些非常惊人的成果。不相信?然后看看Encore Wire Corporation(纳斯达克股票代码:WIRE)的股价。它比五年前高出308%。这只是表明一些企业可以实现的价值创造。最重要的是,股价在大约一个季度内上涨了30%。但这可能与强劲的市场有关,市场在过去三个月中上涨了12%。
Since it's been a strong week for Encore Wire shareholders, let's have a look at trend of the longer term fundamentals.
由于对Encore Wire股东来说,这是强劲的一周,让我们来看看长期基本面的趋势。
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 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.
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。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, Encore Wire managed to grow its earnings per share at 45% a year. This EPS growth is higher than the 32% average annual increase in the share price. Therefore, it seems the market has become relatively pessimistic about the company. This cautious sentiment is reflected in its (fairly low) P/E ratio of 10.23.
在过去的五年中,Encore Wire设法将其每股收益增长到每年45%。每股收益的增长高于股价平均年增长32%。因此,市场似乎对该公司变得相对悲观。这种谨慎的情绪反映在其(相当低的)市盈率10.23上。
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/7781/20240305/0-9d4b0a2eaa73a7cd451925387e5fdb32-0-9190e0265bfda32f2038b35ca46a5d24.png/big)
It is of course excellent to see how Encore Wire has grown profits over the years, but the future is more important for shareholders. You can see how its balance sheet has strengthened (or weakened) over time in this free interactive graphic.
看到Encore Wire多年来如何增加利润当然是件好事,但未来对股东来说更为重要。您可以在这张免费的交互式图片中看到其资产负债表如何随着时间的推移而增强(或减弱)。
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 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. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. In the case of Encore Wire, it has a TSR of 310% for the last 5 years. That exceeds its share price return that we previously mentioned. The dividends paid by the company have thusly boosted the total shareholder return.
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。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都经过再投资)以及任何贴现资本筹集和分拆的计算价值。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Encore Wire而言,在过去的5年中,其股东回报率为310%。这超过了我们之前提到的其股价回报率。因此,该公司支付的股息提高了 总 股东回报。
A Different Perspective
不同的视角
Encore Wire shareholders have received returns of 24% over twelve months (even including dividends), which isn't far from the general market return. We should note here that the five-year TSR is more impressive, at 33% per year. Although the share price growth has slowed, the longer term story points to a business well worth watching. 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. To that end, you should learn about the 2 warning signs we've spotted with Encore Wire (including 1 which is concerning) .
Encore Wire的股东在十二个月内获得了24%的回报(甚至包括股息),这与总体市场回报率相差不远。我们应该在这里指出,五年期股东总回报率更令人印象深刻,为每年33%。尽管股价增长放缓,但从长远来看,该业务值得关注。尽管市场状况可能对股价产生的不同影响值得考虑,但还有其他因素更为重要。为此,你应该了解我们在Encore Wire中发现的2个警告信号(包括一个令人担忧的信号)。
If you are like me, then you will not want to miss this free list of growing companies that insiders are buying.
如果你像我一样,那么你不会想错过这份业内人士正在收购的成长型公司的免费名单。
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。