Group 1 Automotive's (NYSE:GPI) Investors Will Be Pleased With Their Strong 263% Return Over the Last Five Years
Group 1 Automotive's (NYSE:GPI) Investors Will Be Pleased With Their Strong 263% Return Over the Last Five Years
When you buy shares in a company, it's worth keeping in mind the possibility that it could fail, and you could lose your money. But on the bright side, you can make far more than 100% on a really good stock. For instance, the price of Group 1 Automotive, Inc. (NYSE:GPI) stock is up an impressive 249% over the last five years. Also pleasing for shareholders was the 14% gain in the last three months. But this move may well have been assisted by the reasonably buoyant market (up 11% in 90 days).
当您购买公司股份时,有可能会失败并且您会失去资金,这值得谨记。但积极的一面是,您可能会在一只真正的好股票上获得超过100%的收益。例如,Group 1 Automotive, Inc.的股票(NYSE:GPI)在过去五年中上涨了惊人的249%。对于股东来说,最近三个月的增长14%也令人欣慰。但是,这次行动可能也受到市场相对良好的影响(90天内上涨了11%)。
With that in mind, it's worth seeing if the company's underlying fundamentals have been the driver of long term performance, or if there are some discrepancies.
鉴于此,值得看看该公司的基本面是否一直是长期业绩的驱动因素,或者是否存在一些不一致之处。
There is no denying that markets are sometimes efficient, but prices do not always reflect underlying business performance. 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.
不可否认的是,市场有时是高效的,但价格并不总是反映潜在的商业表现。一个不完美但简单的方法来考虑公司市场感知如何改变是比较每股收益(EPS)变化和股价变动。
During five years of share price growth, Group 1 Automotive achieved compound earnings per share (EPS) growth of 40% per year. The EPS growth is more impressive than the yearly share price gain of 28% over the same period. Therefore, it seems the market has become relatively pessimistic about the company. The reasonably low P/E ratio of 6.94 also suggests market apprehension.
在五年的股价增长期间,汽车一组实现了每年40%的复合每股收益(EPS)增长。EPS增长比同期28%的每年股价上涨更为令人印象深刻。因此,市场似乎对该公司相对悲观。相对较低的市盈率为6.94也表明市场的担忧。
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/7781/20240720/0-b1548c093259179cfdc2e87942beb746-0-cfa88471b6f263bbdca4524aade1e7fb.png/big)
Before buying or selling a stock, we always recommend a close examination of historic growth trends, available here.
在购买或出售股票之前,我们始终建议仔细研究历史增长趋势,此处提供。
What About Dividends?
那么分红怎么样呢?
When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. Whereas the share price return only reflects the change in the share price, the TSR includes the value of dividends (assuming they were reinvested) and the benefit of any discounted capital raising or spin-off. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. In the case of Group 1 Automotive, it has a TSR of 263% for the last 5 years. That exceeds its share price return that we previously mentioned. And there's no prize for guessing that the dividend payments largely explain the divergence!
在考虑投资回报时,重要的是考虑总股东回报(TSR)和股价回报之间的差异。股价回报仅反映了股价的变化,而TSR包括股息的价值(假设它们被重新投资)以及任何折价的融资或分拆带来的利益。因此,对于支付丰厚股息的公司,TSR往往比股价回报高得多。在汽车一组的情况下,它过去5年的TSR为263%。这超过了先前提到的股价回报。毫无疑问,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
Group 1 Automotive shareholders gained a total return of 19% during the year. But that was short of the market average. It's probably a good sign that the company has an even better long term track record, having provided shareholders with an annual TSR of 29% over five years. Maybe the share price is just taking a breather while the business executes on its growth strategy. 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 example, we've discovered 2 warning signs for Group 1 Automotive (1 is concerning!) that you should be aware of before investing here.
汽车一组股东在一年内获得了总回报19%。但这低于市场平均水平。很可能是该公司拥有更好的长期业绩记录的一个好迹象,因为在过去五年中,它为股东提供了29%的年度TSR。也许股价只是在执行其增长策略时休息了一下。我认为,长期以来监测股价作为企业绩效的代理非常有趣。但是为了真正获得洞察力,我们需要考虑其他信息。例如,我们已经发现了汽车一组的2个警告信号(其中1个值得关注!),在此投资之前应该知道。
But note: Group 1 Automotive may not be the best stock to buy. So take a peek at this free list of interesting companies with past earnings growth (and further growth forecast).
但请注意:汽车一组可能不是最佳的股票购买对象。因此,请查看此过去收益增长(以及更多增长预测)的有趣公司的自由列表。
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。
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。