Tower Semiconductor's (NASDAQ:TSEM) Five-year Earnings Growth Trails the Favorable Shareholder Returns
Tower Semiconductor's (NASDAQ:TSEM) Five-year Earnings Growth Trails the Favorable Shareholder Returns
Generally speaking the aim of active stock picking is to find companies that provide returns that are superior to the market average. And in our experience, buying the right stocks can give your wealth a significant boost. To wit, the Tower Semiconductor share price has climbed 94% in five years, easily topping the market return of 76% (ignoring dividends). On the other hand, the more recent gains haven't been so impressive, with shareholders gaining just 12%.
一般来说,积极挑选股票的目的是寻找提供超越市场平均回报的公司。我们的经验是,购买合适的股票可以显著增加您的财富。例如,Tower半导体的股票价格在五年内上涨了94%,大幅超过市场回报率的76%(不包括分红派息)。然而,近期的收益却不那么引人注目,股东收益仅为12%。
The past week has proven to be lucrative for Tower Semiconductor investors, so let's see if fundamentals drove the company's five-year performance.
过去一周对Tower半导体的投资者来说是有利可图的,所以让我们看看基本面是否驱动了该公司的五年表现。
There is no denying that markets are sometimes efficient, but prices do not always reflect underlying business performance. One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price.
市场有时毫无疑问是有效的,但股票价格并不总是反映基本业务表现。一种有缺陷但合理的方法是比较每股收益(EPS)和股票价格,以评估围绕公司的情绪如何变化。
Over half a decade, Tower Semiconductor managed to grow its earnings per share at 31% a year. The EPS growth is more impressive than the yearly share price gain of 14% over the same period. Therefore, it seems the market has become relatively pessimistic about the company. This cautious sentiment is reflected in its (fairly low) P/E ratio of 8.52.
在过去的五年里,Tower半导体设法将每股收益增长31%。而同一时期股价增长了14%,每年平均表现并不理想。因此,市场对该公司的信心已经相对较低。这种谨慎情绪体现在其(相对较低的)市盈率为8.52。
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/7781/20240812/0-b17be598aa06cd6133d1accf73b8bf07-0-49a5889d64f4443d636e0a981534e21f.png/big)
We know that Tower Semiconductor has improved its bottom line over the last three years, but what does the future have in store? It might be well worthwhile taking a look at our free report on how its financial position has changed over time.
我们知道Tower半导体在过去三年里改善了其盈利状况,但未来会怎样呢?了解该公司的财务状况如何随时间的推移而变化的免费报告是值得的。
A Different Perspective
不同的观点
Tower Semiconductor provided a TSR of 12% over the last twelve months. Unfortunately this falls short of the market return. If we look back over five years, the returns are even better, coming in at 14% per year for five years. It's quite possible the business continues to execute with prowess, even as the share price gains are slowing. 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. Case in point: We've spotted 2 warning signs for Tower Semiconductor you should be aware of, and 1 of them makes us a bit uncomfortable.
过去十二个月,Tower半导体的总股东收益为12%,可惜比市场回报率稍逊。如果我们回顾过去五年的收益,情况会更好,每年平均收益为14%。尽管股价的收益持续放缓,但企业继续展现出过人的执行能力仍然很有可能。考虑到市场状况可能对股价产生的影响不同,还有其他更重要的因素。例如:我们已经发现了2个Tower半导体的风险警报,您应该注意其中的1个会让我们有点不安。
Of course Tower Semiconductor may not be the best stock to buy. So you may wish to see this free collection of growth stocks.
当然,Tower半导体可能不是最好的股票买点。所以你也许想看看这些免费的成长股票。
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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