Waste Connections' (NYSE:WCN) Investors Will Be Pleased With Their Strong 114% Return Over the Last Five Years
Waste Connections' (NYSE:WCN) Investors Will Be Pleased With Their Strong 114% Return Over the Last Five Years
When you buy a stock there is always a possibility that it could drop 100%. But when you pick a company that is really flourishing, you can make more than 100%. One great example is Waste Connections, Inc. (NYSE:WCN) which saw its share price drive 106% higher over five years. The last week saw the share price soften some 2.1%.
当你买入一只股票时,总有可能会下跌100%。但当你选择一家真正蓬勃发展的公司时,你可以获得超过100%的收益。 Waste Connections, Inc. (纽交所:WCN) 就是一个很好的例子,在过去五年里,其股价上涨了106%。上周股价出现了2.1%的下滑。
So let's assess the underlying fundamentals over the last 5 years and see if they've moved in lock-step with shareholder returns.
因此,让我们评估过去5年的基本面,看看它们是否和股东的回报率相符。
While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance. 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.
虽然市场是一个强大的定价机制,但股价反映了投资者情绪,不仅仅是基本业绩。一种有缺陷但合理的评估公司周围情绪如何变化的方法是将每股收益(EPS)与股价进行比较。
During five years of share price growth, Waste Connections achieved compound earnings per share (EPS) growth of 9.5% per year. This EPS growth is lower than the 16% average annual increase in the share price. This suggests that market participants hold the company in higher regard, these days. And that's hardly shocking given the track record of growth. This optimism is visible in its fairly high P/E ratio of 54.71.
在股价增长的五年期间,Waste Connections实现了每股收益(EPS)复合增长率达到了9.5%。这一EPS增长率低于股价的平均年增长率16%。这表明市场参与者如今更看好这家公司。考虑到其增长业绩,这并不令人过分震惊。这种乐观情绪体现在其相对较高的市盈率(P/E)为54.71。
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/7781/20240908/0-2927b9539d621cfd16e7bd5645597b71-0-35430515d01bb49bdf3a5792245087d2.png/big)
We're pleased to report that the CEO is remunerated more modestly than most CEOs at similarly capitalized companies. It's always worth keeping an eye on CEO pay, but a more important question is whether the company will grow earnings throughout the years. It might be well worthwhile taking a look at our free report on Waste Connections' earnings, revenue and cash flow.
我们很高兴地报告,与同类市值公司的大多数CEO相比,该公司的CEO的薪酬较为适中。关注CEO的薪酬固然重要,但更重要的问题是该公司是否能够在未来几年内实现盈利增长。我们强烈推荐您查看关于Waste Connections盈利、营业收入和现金流的免费报告。
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 incorporates the value of any spin-offs or discounted capital raisings, along with any dividends, based on the assumption that the dividends are reinvested. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. In the case of Waste Connections, it has a TSR of 114% for the last 5 years. That exceeds its share price return that we previously mentioned. This is largely a result of its dividend payments!
对于任何一只股票,考虑到股东总回报和股价回报都是很重要的。TSR包括任何分拆或折价增资的价值,以及分红,假设分红重新投资。因此,对于支付丰厚股息的公司,TSR往往比股价回报高得多。就Waste Connections而言,过去5年的TSR达到114%。这超过了我们之前提到的股价回报。这在很大程度上是其分红支付所导致的!
A Different Perspective
不同的观点
It's nice to see that Waste Connections shareholders have received a total shareholder return of 33% over the last year. Of course, that includes the dividend. Since the one-year TSR is better than the five-year TSR (the latter coming in at 16% per year), it would seem that the stock's performance has improved in recent times. 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. Case in point: We've spotted 2 warning signs for Waste Connections you should be aware of.
很高兴看到Waste Connections股东在过去一年中获得了33%的股东总回报。当然,这其中包括了分红。由于一年期的TSR优于五年期的TSR(后者为每年16%),看起来该股票的表现近期有所改善。鉴于股价势头仍然强劲,值得更加关注该股票,以免您错失机会。从长期来看,我发现股价是业务绩效的一个代理变量非常有趣。但为了真正获得洞察力,我们还需要考虑其他信息。确切的说:我们注意到了Waste Connections存在2个警示信号,您应该注意。
For those who like to find winning investments this free list of undervalued companies with recent insider purchasing, could be just the ticket.
对于那些喜欢寻找获胜投资的人来说,最近有内部购买的低估公司免费列表可能是一个很好的选择。
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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