Navigator Holdings' (NYSE:NVGS) Three-year Earnings Growth Trails the Favorable Shareholder Returns
Navigator Holdings' (NYSE:NVGS) Three-year Earnings Growth Trails the Favorable Shareholder Returns
One simple way to benefit from the stock market is to buy an index fund. But many of us dare to dream of bigger returns, and build a portfolio ourselves. For example, Navigator Holdings Ltd. (NYSE:NVGS) shareholders have seen the share price rise 89% over three years, well in excess of the market return (15%, not including dividends). On the other hand, the returns haven't been quite so good recently, with shareholders up just 23%, including dividends.
从股票市场中获益的一种简单方法是购买指数基金。但是我们中的许多人敢于梦想获得更大的回报,并自己建立投资组合。例如,Navigator Holdings Ltd.(纽约证券交易所代码:NVGS)股东的股价在三年内上涨了89%,远远超过了市场回报率(15%,不包括股息)。另一方面,最近的回报并不那么好,股东仅增长了23%,包括股息。
After a strong gain in the past week, it's worth seeing if longer term returns have been driven by improving fundamentals.
在过去一周强劲上涨之后,值得一看的是长期回报是否是由基本面改善推动的。
To paraphrase Benjamin Graham: Over the short term the market is a voting machine, but over the long term it's a weighing machine. One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS).
用本杰明·格雷厄姆的话来说:从短期来看,市场是一台投票机器,但从长远来看,它是一台称重机。研究市场情绪如何随着时间的推移而变化的一种方法是研究公司股价与其每股收益(EPS)之间的相互作用。
Navigator Holdings was able to grow its EPS at 84% per year over three years, sending the share price higher. This EPS growth is higher than the 24% average annual increase in the share price. So it seems investors have become more cautious about the company, over time.
Navigator Holdings得以在三年内将其每股收益增长到每年84%,这推动了股价的上涨。每股收益的增长高于股价平均年增长24%。因此,随着时间的推移,投资者似乎对该公司变得更加谨慎了。
You can see how EPS has changed over time in the image below (click on the chart to see the exact values).
您可以在下图中看到 EPS 随时间推移的变化(点击图表查看确切值)。
![big](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240816/0-8cca638197dfc7489db52c9ff4d1ecf0-0-a37add76df41de5793e745e6a21f3873.png/big)
It is of course excellent to see how Navigator Holdings has grown profits over the years, but the future is more important for shareholders. It might be well worthwhile taking a look at our free report on how its financial position has changed over time.
看到Navigator Holdings多年来如何增加利润当然是件好事,但未来对股东来说更为重要。可能值得一看我们的免费报告,了解其财务状况如何随着时间的推移而变化。
What About Dividends?
分红呢?
When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. 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. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. In the case of Navigator Holdings, it has a TSR of 92% for the last 3 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,重要的是要考虑股东总回报(TSR)和股价回报之间的差异。基于股息再投资的假设,股东总回报率纳入了任何分拆或贴现资本筹集的价值以及任何股息。可以公平地说,股东总回报率为支付股息的股票提供了更完整的画面。就Navigator Holdings而言,其在过去3年中的股东总回报率为92%。这超过了我们之前提到的其股价回报率。而且,猜测股息支付在很大程度上解释了这种分歧是没有好处的!
A Different Perspective
不同的视角
Navigator Holdings shareholders are up 23% for the year (even including dividends). But that was short of the market average. The silver lining is that the gain was actually better than the average annual return of 12% per year over five year. This could indicate that the company is winning over new investors, as it pursues its strategy. It's always interesting to track share price performance over the longer term. But to understand Navigator Holdings better, we need to consider many other factors. For example, we've discovered 1 warning sign for Navigator Holdings that you should be aware of before investing here.
Navigator Holdings的股东今年增长了23%(甚至包括股息)。但这低于市场平均水平。一线希望是,收益实际上好于五年内每年12%的平均年回报率。这可能表明该公司在推行其战略时正在赢得新投资者的青睐。长期跟踪股价表现总是很有意思的。但是,为了更好地了解Navigator Holdings,我们需要考虑许多其他因素。例如,我们发现了Navigator Holdings的1个警告信号,在这里投资之前,你应该注意这个信号。
But note: Navigator Holdings 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:Navigator Holdings可能不是最值得购买的股票。因此,来看看这份过去盈利增长(以及进一步增长预测)的有趣公司的免费清单。
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,本文引用的市场回报反映了目前在美国交易所交易的股票的市场加权平均回报。
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Simply Wall St的这篇文章本质上是笼统的。我们仅使用公正的方法根据历史数据和分析师的预测提供评论,我们的文章无意作为财务建议。它不构成买入或卖出任何股票的建议,也没有考虑到您的目标或财务状况。我们的目标是为您提供由基本数据驱动的长期重点分析。请注意,我们的分析可能不考虑最新的价格敏感型公司公告或定性材料。简而言之,华尔街没有持有任何上述股票的头寸。