Investors in Vistra (NYSE:VST) Have Seen Massive Returns of 384% Over the Past Three Years
Investors in Vistra (NYSE:VST) Have Seen Massive Returns of 384% Over the Past Three Years
Generally speaking, investors are inspired to be stock pickers by the potential to find the big winners. But when you hold the right stock for the right time period, the rewards can be truly huge. One such superstar is Vistra Corp. (NYSE:VST), which saw its share price soar 347% in three years. In more good news, the share price has risen 18% in thirty days. We note that Vistra reported its financial results recently; luckily, you can catch up on the latest revenue and profit numbers in our company report.
一般来说,投资者会受到发掘大赢家潜力的启发,成为股票精选人。但当你持有正确的股票一段合适的时间后,回报可能会非常巨大。Vistra Corp. (纽交所: VST) 就是这样的超级明星之一,在三年内股价暴涨了347%。更令人振奋的是,股价在三十天内上涨了18%。我们注意到 Vistra 最近发布了财务业绩;幸运的是,你可以在我们的公司报告中查看最新的营业收入和利润数字。
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。
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 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).
虽然有效市场假说仍然被一些人教授,但被证明市场是过度反应的动态系统,投资者并不总是理性的。检查市场情绪如何随时间变化的一种方法是看一个公司的股价与其每股收益(EPS)之间的交互作用。
During three years of share price growth, Vistra moved from a loss to profitability. That kind of transition can be an inflection point that justifies a strong share price gain, just as we have seen here.
在三年的股价增长期间,Vistra 从亏损转为盈利。这种转变可能是一个转折点,足以证明强劲的股价上涨,就像我们在这里看到的一样。
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/7781/20240902/0-d50b819fc2619ea923f0f10513a33141-0-7a22ec37b026e82b32674bea888df213.png/big)
We know that Vistra has improved its bottom line over the last three years, but what does the future have in store? You can see how its balance sheet has strengthened (or weakened) over time in this free interactive graphic.
我们知道Vistra在过去三年里改善了其底线,但未来会有什么变化呢?您可以在这个免费的交互式图表中看到它的资产负债表是如何随着时间的推移而变强(或变弱)的。
What About Dividends?
那么分红怎么样呢?
It is important to consider the total shareholder return, as well as the share price return, for any given stock. The TSR is a return calculation that accounts for the value of cash dividends (assuming that any dividend received was reinvested) and the calculated value of any discounted capital raisings and spin-offs. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. We note that for Vistra the TSR over the last 3 years was 384%, which is better than the share price return mentioned above. And there's no prize for guessing that the dividend payments largely explain the divergence!
考虑到任何给定股票的总股东回报率以及股价回报率都是很重要的。TSR是一种回报计算,考虑了现金分红的价值(假设收到的任何股息都被再投资)以及任何折现融资和分拆的计算价值。可以说,TSR能更全面地反映股票产生的回报情况。我们注意到,对于Vistra来说,过去3年的TSR为384%,这比上面提到的股价回报更好。而且毫无疑问,股息支付在很大程度上解释了这种差异!
A Different Perspective
不同的观点
It's nice to see that Vistra shareholders have received a total shareholder return of 174% over the last year. That's including the dividend. That gain is better than the annual TSR over five years, which is 31%. 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. I find it very interesting to look at share price over the long term as a proxy for business performance. But to truly gain insight, we need to consider other information, too. Like risks, for instance. Every company has them, and we've spotted 3 warning signs for Vistra (of which 1 can't be ignored!) you should know about.
很高兴看到Vistra股东在过去一年中获得了174%的总股东回报。这已经包括了分红。这个收益要比过去五年的年度TSR(31%)更好。因此,近期该公司的市场情绪似乎是积极的。鉴于股价动能依然强劲,不容忽视该股,否则可能会错过机会。我觉得以股价代表企业长期业绩是非常有趣的。但要真正获得洞察力,我们还需要考虑其他信息。比如风险。每个公司都有风险,我们已经发现了3个关于Vistra的警告信号(其中1个不能忽视!),您应该了解一下。
We will like Vistra 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.
如果我们看到一些内部人员大量买入股票,我们将更喜欢威斯特拉(Vistra)。在等待的同时,您可以查看这份免费的低估股票清单(主要是小市值股票),其中包含最近内部人员的大量购买信息。
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。