Investors in Advanced Energy Industries (NASDAQ:AEIS) Have Seen Splendid Returns of 105% Over the Past Five Years
Investors in Advanced Energy Industries (NASDAQ:AEIS) Have Seen Splendid Returns of 105% Over the Past Five Years
When you buy a stock there is always a possibility that it could drop 100%. But on a lighter note, a good company can see its share price rise well over 100%. Long term Advanced Energy Industries, Inc. (NASDAQ:AEIS) shareholders would be well aware of this, since the stock is up 102% in five years. Also pleasing for shareholders was the 14% gain in the last three months.
当你买入股票时，它总是有可能下跌100％。但简而言之，一家好的公司的股价可以上涨超过100％。长期而言，先进能源工业公司（纳斯达克股票代码：AEIS）的股东会意识到这一点，因为该股在五年内上涨了102％。同样令股东高兴的是，过去三个月的涨幅为14％。
With that in mind, it's worth seeing if the company's underlying fundamentals have been the driver of long term performance, or if there are some discrepancies.
考虑到这一点，值得一看公司的基本面是否是长期业绩的驱动力，或者是否存在一些差异。
To quote Buffett, 'Ships will sail around the world but the Flat Earth Society will flourish. There will continue to be wide discrepancies between price and value in the marketplace...' 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).
引用巴菲特的话说：“船只将在世界各地航行，但Flat Earth Society将蓬勃发展。市场上的价格和价值之间将继续存在巨大差异...”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, Advanced Energy Industries actually saw its EPS drop 1.4% per year.
在股价增长的五年中，先进能源工业的每股收益实际上每年下降1.4％。
By glancing at these numbers, we'd posit that the decline in earnings per share is not representative of how the business has changed over the years. Since the change in EPS doesn't seem to correlate with the change in share price, it's worth taking a look at other metrics.
通过浏览这些数字，我们可以假设每股收益的下降并不能代表业务多年来的变化。由于每股收益的变化似乎与股价的变化无关，因此值得一看其他指标。
The modest 0.4% dividend yield is unlikely to be propping up the share price. In contrast revenue growth of 17% per year is probably viewed as evidence that Advanced Energy Industries is growing, a real positive. In that case, the company may be sacrificing current earnings per share to drive growth.
0.4％的适度股息收益率不太可能支撑股价。相比之下，每年17％的收入增长可能被视为先进能源工业正在增长的证据，这是一个真正的积极因素。在这种情况下，该公司可能会牺牲当前的每股收益来推动增长。
The company's revenue and earnings (over time) are depicted in the image below (click to see the exact numbers).
公司的收入和收益（随着时间的推移）如下图所示（点击查看确切数字）。
If you are thinking of buying or selling Advanced Energy Industries stock, you should check out this FREE detailed report on its balance sheet.
如果您正在考虑买入或卖出先进能源工业的股票，则应在其资产负债表上查看这份免费的详细报告。
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 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 Advanced Energy Industries, it has a TSR of 105% for the last 5 years. That exceeds its share price return that we previously mentioned. This is largely a result of its dividend payments!
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。就先进能源行业而言，其过去5年的股东总回报率为105％。这超过了我们之前提到的其股价回报率。这在很大程度上是其股息支付的结果！
A Different Perspective
不同的视角
Advanced Energy Industries shareholders gained a total return of 2.2% during the year. Unfortunately this falls short of the market return. If we look back over five years, the returns are even better, coming in at 15% per year for five years. It may well be that this is a business worth popping on the watching, given the continuing positive reception, over time, from the market. 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 risks, for instance. Every company has them, and we've spotted 2 warning signs for Advanced Energy Industries you should know about.
先进能源工业股东在年内获得2.2％的总回报。不幸的是，这没有达到市场回报率。如果我们回顾五年，回报率甚至更高，五年内每年为15％。鉴于随着时间的推移，市场持续给予积极的欢迎，这很可能是一项值得关注的业务。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，考虑风险。每家公司都有它们，我们发现了两个你应该知道的先进能源行业警告标志。
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。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
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