MYR Group's (NASDAQ:MYRG) Earnings Growth Rate Lags the 29% CAGR Delivered to Shareholders
MYR Group's (NASDAQ:MYRG) Earnings Growth Rate Lags the 29% CAGR Delivered to Shareholders
MYR Group Inc. (NASDAQ:MYRG) shareholders might understandably be very concerned that the share price has dropped 34% in the last quarter. But that doesn't change the fact that the returns over the last five years have been very strong. Indeed, the share price is up an impressive 259% in that time. Generally speaking the long term returns will give you a better idea of business quality than short periods can. Of course, that doesn't necessarily mean it's cheap now.
MYR Group Inc.(纳斯达克:MYRG)的股东可能会非常担心股价在上个季度下跌了34%。 但这并不改变过去五年的回报率非常强劲的事实。实际上,在这段时间里,股价上涨了259%。总的来说,长期回报将更好地反映业务质量,而不是短期回报。当然,这并不意味着现在便宜。
Although MYR Group has shed US$71m from its market cap this week, let's take a look at its longer term fundamental trends and see if they've driven returns.
虽然MYR Group这周市值减少了7100万美元,但让我们来看一下它更长期的基本趋势,看看它们是否推动了回报。
While the efficient markets hypothesis continues to be taught by some, it has been proven that markets are over-reactive dynamic systems, and investors are not always rational. 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.
虽然一些人仍然在教授高效市场假说,但已经证明市场是过度反应的动态系统,投资者不总是理性的。一种有缺陷但合理的评估公司情绪变化的方法是比较每股收益 (EPS) 与股价。
Over half a decade, MYR Group managed to grow its earnings per share at 8.2% a year. This EPS growth is slower than the share price growth of 29% per year, over the same period. So it's fair to assume the market has a higher opinion of the business than it did five years ago. That's not necessarily surprising considering the five-year track record of earnings growth.
在半个世纪的时间里,MYR Group成功地以每年8.2%的速度增长了每股收益。与此同时,股价在同一时期以每年29%的速度增长,EPS增长速度较慢。因此,可以合理地假设市场对企业的评价比五年前更高。考虑到过去五年的收益增长记录,这并不令人意外。
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)。
![1724671398425](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240826/42873423-0-f4607f6306feef7f93564504a1e9599d.webp/bigjpg)
It's probably worth noting we've seen significant insider buying in the last quarter, which we consider a positive. On the other hand, we think the revenue and earnings trends are much more meaningful measures of the business. Dive deeper into the earnings by checking this interactive graph of MYR Group's earnings, revenue and cash flow.
值得一提的是,我们在上个季度看到了显著的内部买入,我们认为这是一个积极的信号。另一方面,我们认为营收和收益的趋势更是业务的重要指标。查看MYR Group收益、营业收入和现金流的交互式图表来深入了解收益情况。
A Different Perspective
不同的观点
MYR Group shareholders are down 27% for the year, but the market itself is up 28%. However, keep in mind that even the best stocks will sometimes underperform the market over a twelve month period. Longer term investors wouldn't be so upset, since they would have made 29%, each year, over five years. It could be that the recent sell-off is an opportunity, so it may be worth checking the fundamental data for signs of a long term growth trend. 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. To that end, you should be aware of the 1 warning sign we've spotted with MYR Group .
MYR Group股东今年跌了27%,但整个市场上涨了28%。然而,要记住即使是最好的股票有时也会在12个月的时间窗口内表现不佳。从长期来看,投资者不会那么沮丧,因为他们在过去五年每年都能赚到29%。最近的抛售可能是一个机会,所以值得检查基本数据是否显示出长期增长趋势的迹象。虽然考虑到市场状况对股价的影响是很有价值的,但也有其他更重要的因素。为此,您应该注意到我们发现的一个警示信号。
MYR Group 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.
MYR Group并不是唯一股票内部人在买入的。因此,查看这份免费的小盘公司名单,这些小盘公司的内部人一直在买入,对于估值有吸引力。
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。