Red Rock Resorts' (NASDAQ:RRR) Earnings Growth Rate Lags the 22% CAGR Delivered to Shareholders
Red Rock Resorts' (NASDAQ:RRR) Earnings Growth Rate Lags the 22% CAGR Delivered to Shareholders
While Red Rock Resorts, Inc. (NASDAQ:RRR) shareholders are probably generally happy, the stock hasn't had particularly good run recently, with the share price falling 14% in the last quarter. But that doesn't change the fact that shareholders have received really good returns over the last five years. In fact, the share price is 124% higher today. We think it's more important to dwell on the long term returns than the short term returns. The more important question is whether the stock is too cheap or too expensive today.
尽管纳斯达克:RRR的股东可能普遍感到满意,但股票最近的表现并不好,股价在上个季度下跌了14%。但这并不改变股东在过去五年中获得了真正好的回报的事实。事实上,股价今天比五年前高124%。我们认为,关注长期回报比短期回报更重要。更重要的问题是股票今天是否过于便宜或过于昂贵。
Since the long term performance has been good but there's been a recent pullback of 4.8%, let's check if the fundamentals match the share price.
由于长期表现良好,但最近回调了4.8%,让我们检查一下基本面是否与股票价格相匹配。
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).
尽管市场是一个强大的价格机制,但股票价格反映的不仅是潜在业务绩效,还反映了投资者的情绪。 了解市场情绪随时间的变化的一种方法是查看公司的股价与每股收益(EPS)之间的互动。
During the last half decade, Red Rock Resorts became profitable. That kind of transition can be an inflection point that justifies a strong share price gain, just as we have seen here.
在过去的半个十年中,红石度假村实现了盈利。这种转变可以是一个拐点,能够使股价有强劲的上涨,就像我们在这里看到的一样。
The image below shows how EPS has tracked over time (if you click on the image you can see greater detail).
下图显示了EPS随时间的变化情况(如果您单击该图像,则可以查看更多详细信息)。
![earnings-per-share-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240530/0-59c6c3bce69fc750e3af492a6fb256d7-0-202666928b6cf0a241665c1e470f5fc9.png/big)
It's probably worth noting that the CEO is paid less than the median at similar sized companies. But while CEO remuneration is always worth checking, the really important question is whether the company can grow earnings going forward. Dive deeper into the earnings by checking this interactive graph of Red Rock Resorts' earnings, revenue and cash flow.
值得注意的是,总裁的薪酬低于类似规模公司的中位数。但虽然总裁的薪酬始终值得核查,但真正重要的问题是公司未来能否增长收益。通过查看红石度假村的收益,营业收入和现金流的互动图,更深入地了解收益情况。
What About Dividends?
那么分红怎么样呢?
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. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. In the case of Red Rock Resorts, it has a TSR of 167% 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.
考虑任何给定股票的总股东回报以及股票回报非常重要。 TSR是一个回报计算,它账面计算了现金股利的价值(假设收到的任何股利都被再投资)和任何折现的增资和分拆的计算值。可以认为,TSR提供了股票所产生的回报更全面的画面。在红石度假村的情况下,过去5年它的TSR为167%。这超过了我们之前提到的股价回报。公司支付的股息因此提高了总股东回报。总股东回报。
A Different Perspective
不同的观点
Red Rock Resorts shareholders are up 11% for the year (even including dividends). Unfortunately this falls short of the market return. It's probably a good sign that the company has an even better long term track record, having provided shareholders with an annual TSR of 22% over five years. It's quite possible the business continues to execute with prowess, even as the share price gains are slowing. It's always interesting to track share price performance over the longer term. But to understand Red Rock Resorts better, we need to consider many other factors. Consider for instance, the ever-present spectre of investment risk. We've identified 2 warning signs with Red Rock Resorts (at least 1 which is potentially serious) , and understanding them should be part of your investment process.
红石度假村的股东今年获得了11%的回报(包括股息)。不幸的是,这跑输了市场回报。长期跟踪股票价格表现始终是有趣的。但要更好地了解红石度假村,我们需要考虑许多其他因素。比如说,始终存在投资风险的威胁。我们已经确定了红石度假村的2个警告信号(至少有1个潜在严重),了解它们应该是您的投资过程的一部分。
We will like Red Rock Resorts better if we see some big insider buys. While we wait, check out this free list of undervalued stocks (mostly small caps) with considerable, recent, insider buying.
如果我们看到一些内部人员购买,我们会更喜欢红石度假村。在等待期间,请查看这个免费的低估股票清单(主要是小市值股票),其中包括相当多的内部购买。
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,本文所引述的市场回报反映了目前在美国交易所上市的股票的市场加权平均回报。
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