Century Communities' (NYSE:CCS) Five-year Earnings Growth Trails the Splendid Shareholder Returns
Century Communities' (NYSE:CCS) Five-year Earnings Growth Trails the Splendid Shareholder Returns
When you buy a stock there is always a possibility that it could drop 100%. But on the bright side, if you buy shares in a high quality company at the right price, you can gain well over 100%. For example, the Century Communities, Inc. (NYSE:CCS) share price has soared 231% in the last half decade. Most would be very happy with that. And in the last week the share price has popped 12%.
购买股票存在可能跌掉100%的风险。但好的方面是,如果您以正确的价格购买高品质公司的股票,您可以获得超过100%的盈利。例如,Century Communities, Inc. (纽交所:CCS)的股价在过去的五年中暴涨231%,多数人会对此感到非常高兴。而且在最近一周,股价上涨了12%。
On the back of a solid 7-day performance, let's check what role the company's fundamentals have played in driving long term shareholder returns.
在稳定的七天表现之后,让我们看看公司的基本面对长期股东回报的影响。
To paraphrase Benjamin Graham: Over the short term the market is a voting machine, but over the long term it's a weighing machine. By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time.
引用本杰明·格雷厄姆的话:在短期内,市场是投票机,但在长期内,市场是称重机。通过比较每股收益(EPS)和股票价格的时间变化,我们可以感受到投资者对公司的态度随时间而变化。
During five years of share price growth, Century Communities achieved compound earnings per share (EPS) growth of 24% per year. So the EPS growth rate is rather close to the annualized share price gain of 27% per year. That suggests that the market sentiment around the company hasn't changed much over that time. In fact, the share price seems to largely reflect the EPS growth.
在股价上涨的五年中,Century Communities的每股收益复合增长率达到了24%。因此,每股收益增长率与每年27%的股价年化收益率非常接近。这表明相对于市场对公司的情绪而言,这段时间内并没有太大的变化。事实上,股价似乎在很大程度上反映了每股收益的增长。
You can see below how EPS has changed over time (discover the exact values by clicking on the image).
下面可以看到每股收益随时间的变化情况(通过点击图像来查看确切数值)。
![big](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240713/0-994fdaa722961482a9c37cfb5e9cbf57-0-f4d01cd2ff78d7633243ed4fd458b57c.png/big)
It might be well worthwhile taking a look at our free report on Century Communities' earnings, revenue and cash flow.
您可以查看我们关于Century Communities盈利、营业收入和现金流的免费报告。
What About Dividends?
那么分红怎么样呢?
As well as measuring the share price return, investors should also consider the total shareholder return (TSR). 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. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. As it happens, Century Communities' TSR for the last 5 years was 245%, which exceeds the share price return mentioned earlier. And there's no prize for guessing that the dividend payments largely explain the divergence!
除了评估股价收益率外,投资者还应该考虑总股东回报(TSR)。TSR包括任何分拆或折价融资的价值,以及任何股息,假设股息被再投资。可以说,TSR为支付股息的股票提供了一个更完整的图像。事实上,过去5年Century Communities的TSR为245%,超过了之前提到的股价回报。而这很容易解释是由于股息支付在很大程度上解释了这种差异!
A Different Perspective
不同的观点
Century Communities shareholders are up 16% for the year (even including dividends). But that return falls short of the market. On the bright side, the longer term returns (running at about 28% a year, over half a decade) look better. It's quite possible the business continues to execute with prowess, even as the share price gains are slowing. 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. For instance, we've identified 2 warning signs for Century Communities (1 doesn't sit too well with us) that you should be aware of.
Century Communities的股东今年(包括股息)获得了16%的回报,但这一回报低于市场水平。但好的方面是,在长期情况下(半个十年),回报率(每年约为28%)表现得更好。即使股价上涨放缓,企业继续出色地执行也是很有可能的。对我来说,长期以股价作为业务表现的代理人非常有趣,但为了真正地获得洞察力,我们还需要考虑其他信息。例如,我们已经识别出了Century Communities的2个警示信号(其中一个对我们来说不太合适),您应该注意到。
Of course Century Communities may not be the best stock to buy. So you may wish to see this free collection of growth stocks.
当然,Century Communities可能不是最好的股票。因此,您可能希望查看这个成长股的免费集合。
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.
对本文有反馈?关注内容?请直接与我们联系。或者,发送电子邮件至editorial-team@simplywallst.com。
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
对本文有反馈? 对内容感到担忧? 请直接与我们联系。 或者,发送电子邮件至editorial-team@simplywallst.com。