As Civista Bancshares (NASDAQ:CIVB) Surges 21% This Past Week, Investors May Now Be Noticing the Company's Three-year Earnings Growth
As Civista Bancshares (NASDAQ:CIVB) Surges 21% This Past Week, Investors May Now Be Noticing the Company's Three-year Earnings Growth
Over the last month the Civista Bancshares, Inc. (NASDAQ:CIVB) has been much stronger than before, rebounding by 31%. But that cannot eclipse the less-than-impressive returns over the last three years. After all, the share price is down 22% in the last three years, significantly under-performing the market.
在过去的一个月里,Civista Bancshares, Inc. (纳斯达克:CIVB) 的表现比以前强多了,反弹了31%。但这并不能掩盖过去三年收益不佳的事实,在过去三年里,股价下跌了22%,表现显著低于市场水平。
While the last three years has been tough for Civista Bancshares shareholders, this past week has shown signs of promise. So let's look at the longer term fundamentals and see if they've been the driver of the negative returns.
虽然过去三年对Civista Bancshares的股东来说很艰难,但过去一周已经显示出前景。所以让我们看看长期的基本面情况,并确定它们是否推动了负回报。
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 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.
引用巴菲特的话:“船只将周游世界,而‘地平派’仍会兴旺。市场上的价格和价值仍会存在广泛的差距……”考虑一家公司在市场上的认知如何变化的一个不完美但简单的方法是比较每股收益(EPS)的变化和股价的波动。
Although the share price is down over three years, Civista Bancshares actually managed to grow EPS by 0.5% per year in that time. This is quite a puzzle, and suggests there might be something temporarily buoying the share price. Or else the company was over-hyped in the past, and so its growth has disappointed.
虽然股价在三年内下跌,但Civista Bancshares实际上成功地在那段时间里每年增长了0.5%的EPS。这很奇怪,这表明可能有一些暂时支撑股价的东西。否则,该公司过去被过度炒作,因此其增长表现令人失望。
It looks to us like the market was probably too optimistic around growth three years ago. But it's possible a look at other metrics will be enlightening.
我们认为市场在三年前可能过于看好增长预期,但通过看其他指标可能会更有启迪。
We note that, in three years, revenue has actually grown at a 12% annual rate, so that doesn't seem to be a reason to sell shares. This analysis is just perfunctory, but it might be worth researching Civista Bancshares more closely, as sometimes stocks fall unfairly. This could present an opportunity.
我们注意到,在三年内,营业收入实际上以12%的年增长率增长,因此这似乎不是卖出股票的理由。这个分析仅仅是例行公事,但深入研究Civista Bancshares可能是值得的,因为有时股票的下跌是不公平的,这可能提供了机会。
The image below shows how earnings and revenue have tracked over time (if you click on the image you can see greater detail).
下图显示了收益和营收随时间变化的情况(如果你点击图像,可以看到更多细节):
![big](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240718/0-a8a7ab053660291b3b19262a4c5a619e-0-7504b13e1c4869383924787edb941a82.png/big)
We consider it positive that insiders have made significant purchases in the last year. Having said that, most people consider earnings and revenue growth trends to be a more meaningful guide to the business. If you are thinking of buying or selling Civista Bancshares stock, you should check out this free report showing analyst profit forecasts.
我们认为内部人员在过去一年中进行了大量购买是一个积极的迹象。尽管如此,大多数人认为盈利和营收增长趋势更具有指导意义。如果您正在考虑买入或卖出Civista Bancshares股票,请查看这份免费报告,了解分析师的盈利预测。
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. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. We note that for Civista Bancshares the TSR over the last 3 years was -15%, which is better than the share price return mentioned above. The dividends paid by the company have thusly boosted the total shareholder return.
除了衡量股价回报外,投资者还应考虑总股东回报(TSR)。 TSR包括任何剥离或折价的资本增发的价值,以及任何股息,假定股息被再投资。可以说,TSR提供了更全面的股票回报情况。我们注意到,对于Civista Bancshares而言,过去3年的TSR为-15%,优于上述股价回报。所以该公司支付的股息确实提高了总股东回报。
A Different Perspective
不同的观点
Civista Bancshares shareholders are up 1.9% for the year (even including dividends). But that was short of the market average. But at least that's still a gain! Over five years the TSR has been a reduction of 1.1% per year, over five years. It could well be that the business is stabilizing. 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. Consider risks, for instance. Every company has them, and we've spotted 1 warning sign for Civista Bancshares you should know about.
Civista Bancshares的股东今年已经获得1.9%的收益(包括股息),但仍低于市场平均水平。但至少这仍然是一笔收益!在过去的五年中,TSR每年下降了1.1%。该企业可能正在稳定。虽然有必要考虑市场状况对股价的不同影响,但还有更重要的因素。例如,考虑风险。每个公司都有风险,我们已经发现Civista Bancshares有1个预警信号,你应该知道。
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of undervalued small cap companies that insiders are buying.
还有很多其他的公司,公司的内部人士正在购买股票。你可能不想错过这个免费的小市值公司的低估列表。
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.
对本文有任何反馈?对内容有任何疑虑?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
对本文有任何反馈?对内容有任何疑虑?请直接与我们联系。或者,发送电子邮件至editorial-team@simplywallst.com。