SM Energy's (NYSE:SM) 39% CAGR Outpaced the Company's Earnings Growth Over the Same Five-year Period
SM Energy's (NYSE:SM) 39% CAGR Outpaced the Company's Earnings Growth Over the Same Five-year Period
For many, the main point of investing in the stock market is to achieve spectacular returns. While not every stock performs well, when investors win, they can win big. For example, the SM Energy Company (NYSE:SM) share price is up a whopping 397% in the last half decade, a handsome return for long term holders. If that doesn't get you thinking about long term investing, we don't know what will. It's even up 4.7% in the last week.
对于许多人来说,投资股市的主要目的是获得惊人的回报。虽然并非每只股票都表现良好,但当投资者获胜时,他们可以大赚特赚。例如,纳斯达克股票代码SM的Sm Energy(纽交所: SM)股价在过去的半个十年中飙升了397%,对于长期持有者来说是一个丰厚的回报。如果这都无法启发您对长期投资的思考,我们就不知道还有什么能够了。最近一周甚至上涨了4.7%。
Since it's been a strong week for SM Energy shareholders, let's have a look at trend of the longer term fundamentals.
由于Sm Energy股东的表现强劲,让我们来看看长期基本面的趋势。
While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance. 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.
尽管市场是一个强大的定价机制,股价不仅反映了基本业务表现,还反映了投资者的情绪。通过比较每股收益(EPS)和股价变化,并随时间推移这样做,我们可以了解股东对公司的态度如何随时间变化。
During the last half decade, SM Energy became profitable. Sometimes, the start of profitability is a major inflection point that can signal fast earnings growth to come, which in turn justifies very strong share price gains.
在过去的半个十年中,Sm Energy成为盈利公司。有时,盈利开始是一个重要的拐点,可以表明快速盈利增长的信号即将到来,进而证明股价大幅上涨是合理的。
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/7781/20240719/0-93bb2ee17544d8081ba4bed852356523-0-cc8c23771fbf56bc199e6952c0a73af9.png/big)
We know that SM Energy has improved its bottom line over the last three years, but what does the future have in store? Take a more thorough look at SM Energy's financial health with this free report on its balance sheet.
我们知道,在过去的三年中,Sm Energy已经改善了其底线,但未来会怎样呢?请通过此免费报告查看Sm Energy的资产负债表更全面的财务状况。
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. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. We note that for SM Energy the TSR over the last 5 years was 424%, which is better than the share price return mentioned above. And there's no prize for guessing that the dividend payments largely explain the divergence!
除了测量股价回报之外,投资者还应考虑总股东回报(TSR)。TSR将考虑任何分拆或折价融资的价值,还将考虑任何派息,假设派息是再投资的。因此,对于付出丰厚股息的公司,TSR通常比股价回报高得多。我们注意到,对于Sm Energy而言,过去5年的TSR为424%,比上述股价回报更好。毫无疑问,股息支付主要解释了这种差异!
A Different Perspective
不同的观点
We're pleased to report that SM Energy shareholders have received a total shareholder return of 39% over one year. And that does include the dividend. However, that falls short of the 39% TSR per annum it has made for shareholders, each year, over five years. 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 SM Energy you should know about.
我们很高兴地报道,Sm Energy股东在一年内获得了39%的总股东回报,其中包括股息。然而,相对于它在过去五年中每年为股东创造的39%的TSR,该回报略显短板。虽然考虑市场状况对股价的不同影响是值得的,但更重要的是考虑其他因素。例如考虑风险,每个公司都有风险,我们已经发现了Sm Energy的1个警示信号,您应该知道。
If you like to buy stocks alongside management, then you might just love this free list of companies. (Hint: many of them are unnoticed AND have attractive valuation).
如果您喜欢与管理层一起购买股票,那么您可能会喜欢这个公司的免费列表。 (提示:其中许多公司不为人注意且具有吸引力的估值。)
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。