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Investing in Churchill Downs (NASDAQ:CHDN) Five Years Ago Would Have Delivered You a 121% Gain

Investing in Churchill Downs (NASDAQ:CHDN) Five Years Ago Would Have Delivered You a 121% Gain

在纳斯达克(CHDN)投资教皇山五年前将会使您获得121%的收益
Simply Wall St ·  11/05 05:32

When you buy shares in a company, it's worth keeping in mind the possibility that it could fail, and you could lose your money. But on the bright side, if you buy shares in a high quality company at the right price, you can gain well over 100%. One great example is Churchill Downs Incorporated (NASDAQ:CHDN) which saw its share price drive 117% higher over five years. It's down 2.8% in the last seven days.

当您购买一家公司的股票时,值得记住这样一个可能性,即公司可能会倒闭,您可能会损失资金。但值得一提的是,如果您以适当的价格购买高质量公司的股票,您可以获得超过100%的收益。一个很好的例子是纳斯达克的churchill downs公司(NASDAQ: CHDN),其股价在五年内上涨了117%。在过去七天里下跌了2.8%。

With that in mind, it's worth seeing if the company's underlying fundamentals have been the driver of long term performance, or if there are some discrepancies.

鉴于此,值得看看该公司的基本面是否一直是长期业绩的驱动因素,或者是否存在一些不一致之处。

To paraphrase Benjamin Graham: Over the short term the market is a voting machine, but over the long term it's a weighing machine. 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.

为了概述本杰明·格雷厄姆(Benjamin Graham)的话:短期内,市场是一台投票机,但长期来看,它是一台衡重机。思考一家公司的市场感知如何转变的一种不完美但简单的方法是将每股收益(EPS)变化与股价变动进行比较。

During five years of share price growth, Churchill Downs achieved compound earnings per share (EPS) growth of 26% per year. This EPS growth is higher than the 17% average annual increase in the share price. So one could conclude that the broader market has become more cautious towards the stock.

在五年的股价增长期间,churchill downs公司实现了每股收益(EPS)复合增长率达到每年26%。这种EPS增长高于股价的平均年增长率17%。因此,人们可以得出结论,更加谨慎的股市对这支股票更加谨慎。

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)。

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NasdaqGS:CHDN Earnings Per Share Growth November 5th 2024
纳斯达克GS:CHDN每股收益增长2024年11月5日

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 Churchill Downs' earnings, revenue and cash flow is a great place to start, if you want to investigate the stock further.

我们认为内部人士在过去一年中大量购买股票是积极的。话虽如此,大多数人认为收入和营业收入增长趋势更具有意义。如果您想进一步调查该股票,那么Churchill Downs的收益、营业收入和现金流的这份免费互动报告是一个很好的起点。

What About Dividends?

关于分红派息的问题

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. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. In the case of Churchill Downs, it has a TSR of 121% for the last 5 years. That exceeds its share price return that we previously mentioned. This is largely a result of its dividend payments!

重要考虑任何给定股票的总股东回报以及股价回报。TSR将分红的价值,分拆项目或打折的募资项目的价值都纳入考量,基于分红再投资的假定。可以说TSR为支付分红的股票提供了更全面的图片。就Churchill Downs而言,过去5年TSR为121%。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致!

A Different Perspective

另一种看法

Churchill Downs provided a TSR of 16% over the last twelve months. But that was short of the market average. On the bright side, the longer term returns (running at about 17% a year, over half a decade) look better. It may well be that this is a business worth popping on the watching, given the continuing positive reception, over time, from the market. It's always interesting to track share price performance over the longer term. But to understand Churchill Downs better, we need to consider many other factors. Take risks, for example - Churchill Downs has 1 warning sign we think you should be aware of.

Churchill Downs在过去十二个月内提供了16%的TSR。但这低于市场平均水平。但从光明的一面看,长期回报(约为每年17%,超过半个世纪)看起来更好。鉴于市场对该公司的持续积极评价,随着时间的推移,这可能是一家值得密切关注的企业。跟踪股价长期表现总是很有趣。但要更好地了解Churchill Downs,我们需要考虑许多其他因素。例如,承担风险 - 我们认为Churchill Downs有1个警示信号是您应该注意的。

Churchill Downs is not the only stock that insiders are buying. For those who like to find lesser know companies this free list of growing companies with recent insider purchasing, could be just the ticket.

Churchill Downs并不是唯一一家内部人员正在买入的股票。对于那些喜欢发现较少知名公司的人来说,这份免费的不断增长的公司列表,其中最近有内部人员购买的公司,可能正合适。

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。

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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Simply Wall St的这篇文章是一般性质的。我们仅基于历史数据和分析师预测提供评论,使用公正的方法,我们的文章并非意在提供财务建议。这并不构成买入或卖出任何股票的建议,并且不考虑您的目标或财务状况。我们旨在为您带来基于基础数据驱动的长期聚焦分析。请注意,我们的分析可能未考虑最新的价格敏感公司公告或定性材料。Simply Wall St对提及的任何股票都没有持仓。

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