Cleveland-Cliffs' (NYSE:CLF) Investors Will Be Pleased With Their Decent 49% Return Over the Last Five Years
Cleveland-Cliffs' (NYSE:CLF) Investors Will Be Pleased With Their Decent 49% Return Over the Last Five Years
It hasn't been the best quarter for Cleveland-Cliffs Inc. (NYSE:CLF) shareholders, since the share price has fallen 25% in that time. But at least the stock is up over the last five years. However we are not very impressed because the share price is only up 44%, less than the market return of 96%.
克利夫兰克里夫股份有限公司(纽交所:CLF)的股东在本季度遭遇了不太好的情况,因为股价下跌了25%。但至少股票在过去五年中上涨了。然而,我们并不是很满意,因为股价仅上涨了44%,低于市场回报的96%。
So let's assess the underlying fundamentals over the last 5 years and see if they've moved in lock-step with shareholder returns.
因此,让我们评估过去5年的基本面,看看它们是否和股东的回报率相符。
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 the five years of share price growth, Cleveland-Cliffs moved from a loss to profitability. That's generally thought to be a genuine positive, so investors may expect to see an increasing share price.
在股价增长的五年中,克利夫兰克里夫从亏损走向盈利。这通常被认为是一个真正的正面因素,因此投资者可以希望看到股价不断上涨。
You can see how EPS has changed over time in the image below (click on the chart to see the exact values).
您可以在下面的图片中查看每股收益如何随时间变化(单击图表以查看确切的价值)。
![big](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240719/0-5ac5ef57aec5e418ff58385bf910393d-0-fbf0c628a788ec94000b2655ef1d1ca3.png/big)
It's good to see that there was some significant insider buying in the last three months. That's a positive. That said, we think earnings and revenue growth trends are even more important factors to consider. This free interactive report on Cleveland-Cliffs' earnings, revenue and cash flow is a great place to start, if you want to investigate the stock further.
很高兴看到在过去三个月中有一些重要的内部交易。这是一个积极的信号。话虽如此,我们认为盈利和营收增长趋势才是更重要的因素。如果您想进一步调查该股票,克利夫兰克里夫的盈利、营收和现金流的这份免费互动报告是一个绝佳的起点。
What About The Total Shareholder Return (TSR)?
那么,股东总回报(TSR)呢?
We've already covered Cleveland-Cliffs' share price action, but we should also mention its total shareholder return (TSR). 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. Dividends have been really beneficial for Cleveland-Cliffs shareholders, and that cash payout contributed to why its TSR of 49%, over the last 5 years, is better than the share price return.
我们已经涵盖了克利夫兰克里夫的股价走势,但我们还应该提到其总股东回报率(TSR)。TSR是一个回报率计算,考虑到现金股利的价值(假设已重新投资任何获得的股息)和任何折现的融资和分拆的计算价值。红利对克利夫兰克里夫的股东真的很有益,而这种现金支付有助于解释为什么其总股东回报率在过去5年中为49%,好于股价回报率。
A Different Perspective
不同的观点
Investors in Cleveland-Cliffs had a tough year, with a total loss of 5.7%, against a market gain of about 22%. Even the share prices of good stocks drop sometimes, but we want to see improvements in the fundamental metrics of a business, before getting too interested. On the bright side, long term shareholders have made money, with a gain of 8% per year over half a decade. If the fundamental data continues to indicate long term sustainable growth, the current sell-off could be an opportunity worth considering. 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. Case in point: We've spotted 2 warning signs for Cleveland-Cliffs you should be aware of.
克利夫兰克里夫的股东在过去一年中经历了艰难的时间,总亏损为5.7%,而市场收益约为22%。即使是好股票的股价有时也会下跌,但在过于感兴趣之前,我们希望看到业务的基本指标有所改善。好的一面是,长期股东已经赚了钱,每年获得了8%的增长,超过了半个十年。如果基本数据继续表明长期可持续增长,目前的抛售可能值得考虑。我认为长期股价是业绩的一个代理,这很有趣。但是,为了真正获得见解,我们还需要考虑其他信息。例如:我们已经发现克利夫兰克里夫的两个警告信号,您应该注意。
If you like to buy stocks alongside management, then you might just love this free list of companies. (Hint: most of them are flying under the radar).
如果您喜欢与管理层共同购买股票,那么您可能会喜欢这个免费的公司列表(提示:大多数公司没有受到关注)。
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。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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?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 (at) 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。