Investing in PBF Energy (NYSE:PBF) Three Years Ago Would Have Delivered You a 208% Gain
Investing in PBF Energy (NYSE:PBF) Three Years Ago Would Have Delivered You a 208% Gain
PBF Energy Inc. (NYSE:PBF) shareholders might be concerned after seeing the share price drop 22% in the last quarter. In contrast, the return over three years has been impressive. The share price marched upwards over that time, and is now 198% higher than it was. To some, the recent share price pullback wouldn't be surprising after such a good run. The fundamental business performance will ultimately dictate whether the top is in, or if this is a stellar buying opportunity.
纽交所的PBF Energy股东可能会感到担忧,因为股价在上一个季度下跌了22%。与此相反,过去三年的回报是令人印象深刻的。股价在那段时间内一直上涨,并且现在比之前高了198%。对于一些人来说,最近的股价回落并不奇怪,因为之前已经有了良好的运行。最终的业务绩效将决定该股票是否达到了峰值,或者这是一个非常好的买入机会。
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.
现在值得更详细地了解该公司的基本面,因为这将帮助我们判断长期股东回报是否与基础业务的表现相匹配。
To paraphrase Benjamin Graham: Over the short term the market is a voting machine, but over the long term it's a weighing machine. 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.
为了概述本杰明·格雷厄姆(Benjamin Graham)的话:短期内,市场是一台投票机,但长期来看,它是一台衡重机。思考一家公司的市场感知如何转变的一种不完美但简单的方法是将每股收益(EPS)变化与股价变动进行比较。
During three years of share price growth, PBF Energy moved from a loss to profitability. Given the importance of this milestone, it's not overly surprising that the share price has increased strongly.
在三年的股价上涨中,PBF Energy从亏损转为盈利。鉴于这一里程碑的重要性,股价的大幅上涨并不过分惊讶。
The company's earnings per share (over time) is depicted in the image below (click to see the exact numbers).
该公司的每股收益(随时间的推移)如下图所示(单击可查看确切数字)。
![earnings-per-share-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240628/0-ebbcbd38f4eac44d92642f81ef3b82f7-0-80cbc3c833ed197cbce069c8fe2a6b36.png/big)
It is of course excellent to see how PBF Energy has grown profits over the years, but the future is more important for shareholders. This free interactive report on PBF Energy's balance sheet strength is a great place to start, if you want to investigate the stock further.
看到PBF能源这些年来盈利增长是非常出色的,但对于股东来说,未来更为重要。如果您想进一步调查该股票,PBF Energy资产负债表的自由互动报告是一个很好的起点。
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. As it happens, PBF Energy's TSR for the last 3 years was 208%, which exceeds the share price return mentioned earlier. The dividends paid by the company have thusly boosted the total shareholder return.
对于任何给定的股票,考虑总股东回报和股价回报都是很重要的。TSR是一个回报计算,考虑到现金股利(假设任何已收到的股利都被再投资)的价值以及任何折扣融资和分拆的计算值。可以说,TSR更全面地反映了股票的回报。正如事实上发生的那样,PBF能源过去3年的TSR为208%,超过了前述的股价回报。该公司支付的股息因此提高了股东回报。总股东回报。
A Different Perspective
不同的观点
PBF Energy provided a TSR of 11% over the last twelve months. Unfortunately this falls short of the market return. The silver lining is that the gain was actually better than the average annual return of 11% per year over five year. It is possible that returns will improve along with the business fundamentals. It's always interesting to track share price performance over the longer term. But to understand PBF Energy better, we need to consider many other factors. Consider for instance, the ever-present spectre of investment risk. We've identified 3 warning signs with PBF Energy (at least 2 which are a bit concerning) , and understanding them should be part of your investment process.
过去12个月,PBF Energy提供的TSR为11%。不幸的是,这低于市场回报。好消息是,这一收益实际上比过去5年平均每年11%的回报更好。随着业务基本面的改善,收益有可能提高。跟踪股价长期表现始终是有趣的,但要更好地了解PBF Energy,我们需要考虑许多其他因素。例如,投资风险的永恒幽灵。我们已经确定了PBF Energy的3个警告信号(至少有2个令人担忧),了解它们应该是您投资过程的一部分。
If you are like me, then you will not want to miss this free list of undervalued small caps that insiders are buying.
如果您像我一样,就不会希望错过这份免费的内部人士正在购买的低估小市值股票列表。
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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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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这篇文章是Simply Wall St的一般性文章。我们根据历史数据和分析师预测提供评论,只使用公正的方法论,我们的文章并不意味着提供任何金融建议。文章不构成买卖任何股票的建议,也不考虑您的目标或您的财务状况。我们的目标是带给您基本数据驱动的长期关注分析。请注意,我们的分析可能不考虑最新的价格敏感公司公告或定性材料。Simply Wall St没有任何股票头寸。
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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