DorianG (NYSE:LPG) Delivers Shareholders Enviable 49% CAGR Over 5 Years, Surging 4.4% in the Last Week Alone
DorianG (NYSE:LPG) Delivers Shareholders Enviable 49% CAGR Over 5 Years, Surging 4.4% in the Last Week Alone
During the last half decade, DorianG 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. Since the company was unprofitable five years ago, but not three years ago, it's worth taking a look at the returns in the last three years, too. Indeed, the DorianG share price has gained 222% in three years. In the same period, EPS is up 58% per year. This EPS growth is higher than the 48% average annual increase in the share price over the same three years. So you might conclude the market is a little more cautious about the stock, these days. This unenthusiastic sentiment is reflected in the stock's reasonably modest P/E ratio of 5.22. It hasn't been the best quarter for Dorian LPG Ltd. (NYSE:LPG) shareholders, since the share price has fallen 14% in that time. But that scarcely detracts from the really solid long term returns generated by the company over five years. Indeed, the share price is up an impressive 275% in that time. To some, the recent pullback wouldn't be surprising after such a fast rise. Only time will tell if there is still too much optimism currently reflected in the share price.
Dorian LPG有限公司（纽交所：LPG）股东并没有度过最好的一个季度，因为股价在这段时间内下跌了14％。但这根本不能减轻公司在过去五年中创造的实质性长期回报。事实上，在此期间，股价上涨了惊人的275％。对于一些人来说，在如此快速的上涨之后，最近的回落并不令人惊讶。只有时间才能告诉我们，股价是否仍然存在过多的乐观情绪。
After a strong gain in the past week, it's worth seeing if longer term returns have been driven by improving fundamentals.
在过去的一周之内，获得的强劲收益是否表明了长期回报受到基本面的推动值得关注。
There is no denying that markets are sometimes efficient, but prices do not always reflect underlying business performance. 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).
市场有时无疑是高效的，但价格并不总是反映基础业务表现。 一种检查市场情绪如何随时间改变的方法是查看公司的股价与每股收益（EPS）之间的互动。
During the last half decade, DorianG 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. Since the company was unprofitable five years ago, but not three years ago, it's worth taking a look at the returns in the last three years, too. Indeed, the DorianG share price has gained 222% in three years. In the same period, EPS is up 58% per year. This EPS growth is higher than the 48% average annual increase in the share price over the same three years. So you might conclude the market is a little more cautious about the stock, these days. This unenthusiastic sentiment is reflected in the stock's reasonably modest P/E ratio of 5.22.
在过去的半个十年中，DorianG已经实现盈利。有时，盈利的开始是一个重大的拐点，可以预示着快速的收益增长，进而证明其股价大幅上涨是具有很强的合理性的。由于该公司在五年前还未盈利，在三年前则盈利了，因此值得看看过去三年的回报率。事实上，在三年内，DorianG股价上涨了222％。在同一时期，每股收益每年增长了58％。这种每股收益的增长率高于同期内股价的48％的平均年增长率。因此，你可能会得出结论，市场对股票更加谨慎。这种不热心的情绪反映在其相对适度的市盈率5.22上。
The image below shows how EPS has tracked over time (if you click on the image you can see greater detail).
下图显示了EPS随时间的变化情况（如果您单击该图像，则可以查看更多详细信息）。
We consider it positive that insiders have made significant purchases in the last year. Having said that, most people consider earnings and revenue growth trends to be a more meaningful guide to the business. This free interactive report on DorianG's earnings, revenue and cash flow is a great place to start, if you want to investigate the stock further.
我们认为，内部人员在过去一年中进行了重大购买是积极的。尽管如此，大多数人认为，营收和收益增长趋势是业务的更有意义的指南。如果您想进一步调查该股票，DorianG的盈利，营收和现金流的此免费交互式报告是一个很好的起点。
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). 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 DorianG, it has a TSR of 623% for the last 5 years. That exceeds its share price return that we previously mentioned. This is largely a result of its dividend payments!
除了衡量股价回报率之外，投资者还应考虑总股东回报率（TSR）。虽然股价回报率只反映了股价的变化，但TSR包括股息的价值（假设它们被再投资）以及任何折价的资本籍资或剥离的利益。因此，对于支付丰厚股息的公司来说，TSR通常比股价回报率高得多。在DorianG的情况下，它在过去5年中的TSR为623％。这超过了我们之前提到的股价回报率。这在很大程度上是由于其分红派息所导致的！
A Different Perspective
不同的观点
It's nice to see that DorianG shareholders have received a total shareholder return of 71% over the last year. Of course, that includes the dividend. That gain is better than the annual TSR over five years, which is 49%. Therefore it seems like sentiment around the company has been positive lately. Given the share price momentum remains strong, it might be worth taking a closer look at the stock, lest you miss an opportunity. 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. Even so, be aware that DorianG is showing 3 warning signs in our investment analysis , and 1 of those doesn't sit too well with us...
很高兴看到，DorianG股东在过去一年中已获得总股东回报率为71％。当然，其中包括股息。这种增益优于过去五年的年平均TSR，为49％。因此，似乎最近对公司的情绪是积极的。鉴于股价势头依然强劲，这可能值得更仔细地研究该股票，以免错过任何机会。虽然考虑市场条件可能对股价产生不同的影响是很值得的，但还有其他更重要的因素。即便如此，请注意，我们的投资分析中DorianG显示出了3个警告信号，其中1个不太好。
DorianG is not the only stock insiders are buying. So take a peek at this free list of small cap companies at attractive valuations which insiders have been buying.
DorianG并不是内部人员购买的唯一股票。因此，查看这个免费的小盘公司列表，这些公司的内部人员一直在购买有吸引力的估值。
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。
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