Investors in Madison Square Garden Sports (NYSE:MSGS) Have Seen Notable Returns of 31% Over the Past Three Years
Investors in Madison Square Garden Sports (NYSE:MSGS) Have Seen Notable Returns of 31% Over the Past Three Years
By buying an index fund, you can roughly match the market return with ease. But many of us dare to dream of bigger returns, and build a portfolio ourselves. Just take a look at Madison Square Garden Sports Corp. (NYSE:MSGS), which is up 25%, over three years, soundly beating the market return of 15% (not including dividends). However, more recent returns haven't been as impressive as that, with the stock returning just 13% in the last year.
通过购买指数基金,您可以轻松地大致匹配市场回报。但我们中的许多人敢于梦想更高的回报,并自己构建投资组合。只需看看Madison Square Garden Sports Corp.(NYSE:MSGS),它在三年内上涨了25%,大大超过了市场回报率15%(不包括股息)。然而,最近的回报不如那样惊人,股票在过去一年中的回报率仅为13%。
Let's take a look at the underlying fundamentals over the longer term, and see if they've been consistent with shareholders returns.
让我们长期看一下潜在的基本面,看看它们是否与股东回报一致。
In his essay The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not always rationally reflect the value of a business. 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.
沃伦·巴菲特在他的文章《格雷厄姆与多德维尔的超级投资者》中描述了股票价格并不总是合理地反映了一家企业的价值。考虑市场对一家公司的看法如何转变的一种不完美但简单的方法,是将每股收益(EPS)的变化与股价的动态进行比较。
Madison Square Garden Sports became profitable within the last three years. So we would expect a higher share price over the period.
Madison Square Garden Sports在过去三年内实现了盈利。因此,我们预计该时期的股价会更高。
The company's earnings per share (over time) is depicted in the image below (click to see the exact numbers).
该公司的每股收益(随时间的推移)如下图所示(单击可查看确切数字)。
![big](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240817/0-8e627ee2ab39e6f0092a3260e3238689-0-b39a158b82afeab1580135be30daba6c.png/big)
We know that Madison Square Garden Sports has improved its bottom line lately, but is it going to grow revenue? This free report showing analyst revenue forecasts should help you figure out if the EPS growth can be sustained.
我们知道Madison Square Garden Sports最近改善了其底线,但其收入是否会增长?此免费报告显示的分析师收入预测应帮助您确定EPS增长是否可持续。
What About The Total Shareholder Return (TSR)?
那么,股东总回报(TSR)呢?
We'd be remiss not to mention the difference between Madison Square Garden Sports' total shareholder return (TSR) and its share price return. Arguably the TSR is a more complete return calculation because it accounts for the value of dividends (as if they were reinvested), along with the hypothetical value of any discounted capital that have been offered to shareholders. We note that Madison Square Garden Sports' TSR, at 31% is higher than its share price return of 25%. When you consider it hasn't been paying a dividend, this data suggests shareholders have benefitted from a spin-off, or had the opportunity to acquire attractively priced shares in a discounted capital raising.
提及Madison Square Garden Sports的总股东回报率(TSR)和股票回报率之间的差异是很重要的。可以说,TSR是更完整的回报率计算,因为它考虑了股息的价值(就像它们被再投资),以及任何已向股东提供的折价融资的假设价值的价值。我们注意到Madison Square Garden Sports的TSR为31%,高于其25%的股票回报率。当考虑到它没有支付股息时,这些数据表明股东们从分拆中受益,或者有机会以折价的价钱购买股票来获得吸引人的折价融资。
A Different Perspective
不同的观点
Madison Square Garden Sports shareholders are up 13% for the year. Unfortunately this falls short of the market return. The silver lining is that the gain was actually better than the average annual return of 3% per year over five year. It is possible that returns will improve along with the business fundamentals. It's always interesting to track share price performance over the longer term. But to understand Madison Square Garden Sports better, we need to consider many other factors. Even so, be aware that Madison Square Garden Sports is showing 2 warning signs in our investment analysis , and 1 of those can't be ignored...
Madison Square Garden Sports股东今年的回报率为13%。不幸的是,这低于市场回报率。好消息是,这种盈利实际上比五年内每年平均回报率3%要好。投资回报率可能会随着业务基本面的提高而改善。跟踪股价长期表现始终是有趣的。但要更好地了解Madison Square Garden Sports,我们需要考虑许多其他因素。即使是这样,要注意Madison Square Garden Sports在我们的投资分析中显示了2个警告信号,其中有1个不能被忽视......
We will like Madison Square Garden Sports better if we see some big insider buys. While we wait, check out this free list of undervalued stocks (mostly small caps) with considerable, recent, insider buying.
如果我们看到一些重要的内部买入,我们会更喜欢Madison Square Garden Sports。当我们等待时,请查看这个免费的被低估的股票列表(大多数是小盘股),其中包含相当多的最近内部买入。
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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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。