Investors in Primerica (NYSE:PRI) Have Seen Solid Returns of 135% Over the Past Five Years
Investors in Primerica (NYSE:PRI) Have Seen Solid Returns of 135% Over the Past Five Years
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%. For example, the Primerica, Inc. (NYSE:PRI) share price has soared 120% in the last half decade. Most would be very happy with that. On top of that, the share price is up 15% in about a quarter. But this could be related to the strong market, which is up 12% in the last three months.
当你购买公司的股票时,需要考虑到它可能会失败,你可能会损失金钱。但从积极的一面来看,如果你以合适的价格购买一家优质公司的股票,你的收益可超过100%。例如,Primerica, Inc.(纽交所:PRI)的股价在过去五年中上涨了120%。大多数人对此会非常满意。此外,股价在大约一个季度内上涨了15%。但这可能与强劲的市场有关,过去三个月市场上涨了12%。
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 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).
尽管市场是一个强大的价格机制,但股票价格反映的不仅是潜在业务绩效,还反映了投资者的情绪。 了解市场情绪随时间的变化的一种方法是查看公司的股价与每股收益(EPS)之间的互动。
During five years of share price growth, Primerica achieved compound earnings per share (EPS) growth of 20% per year. This EPS growth is reasonably close to the 17% average annual increase in the share price. That suggests that the market sentiment around the company hasn't changed much over that time. Rather, the share price has approximately tracked EPS growth.
在五年的股价增长中,Primerica实现了每股收益(EPS)年均复合增长20%。这个EPS增长与股价年均增长17%相对接近。这表明在此期间,市场对公司的情绪没有太大变化。相反,股价大致跟随EPS增长。
You can see below how EPS has changed over time (discover the exact values by clicking on the image).
您可以看到EPS随时间的变化如下(通过单击图像了解确切数值)。
It's probably worth noting that the CEO is paid less than the median at similar sized companies. But while CEO remuneration is always worth checking, the really important question is whether the company can grow earnings going forward. It might be well worthwhile taking a look at our free report on Primerica's earnings, revenue and cash flow.
值得注意的是,首席执行官的薪酬低于类似规模公司的中位数。但尽管首席执行官的薪酬值得关注,真正重要的问题是公司是否可以在未来增长收益。查看我们关于primerica收益、营业收入和现金流的免费报告可能非常有价值。
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. Whereas the share price return only reflects the change in the share price, the TSR includes the value of dividends (assuming they were reinvested) and the benefit of any discounted capital raising or spin-off. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. We note that for Primerica the TSR over the last 5 years was 135%, which is better than the share price return mentioned above. This is largely a result of its dividend payments!
考虑任何给定股票的总股东回报以及股价回报是很重要的。股价回报仅反映股价的变化,而总股东回报(TSR)包括了分红的价值(假设它们被再投资)以及任何折扣融资或剥离的好处。可以说,TSR提供了一个更全面的股票回报生成情况。我们注意到,对于primerica,过去5年的TSR为135%,这比上述股价回报要好。这在很大程度上得益于其分红支付!
A Different Perspective
另一种看法
We're pleased to report that Primerica shareholders have received a total shareholder return of 42% over one year. That's including the dividend. Since the one-year TSR is better than the five-year TSR (the latter coming in at 19% per year), it would seem that the stock's performance has improved in recent times. Someone with an optimistic perspective could view the recent improvement in TSR as indicating that the business itself is getting better with time. It's always interesting to track share price performance over the longer term. But to understand Primerica better, we need to consider many other factors. Consider for instance, the ever-present spectre of investment risk. We've identified 2 warning signs with Primerica , and understanding them should be part of your investment process.
我们高兴地报告,primerica股东在一年内获得了42%的总股东回报。这包括分红。由于一年TSR好于五年TSR(后者为每年19%),这似乎表明该股票的表现最近有所改善。持乐观态度的人可能会认为TSR的近期改善表明业务本身随着时间的推移正在改善。跟踪股价的长期表现总是很有趣。但为了更好地理解primerica,我们需要考虑许多其他因素。例如,投资风险这一始终存在的因素。我们已经发现了与primerica有关的2个警告信号,理解它们应该是你投资过程的一部分。
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of companies we expect will grow earnings.
当然,您可能通过在其他地方寻找会找到一笔极好的投资。因此,请查看我们预计会增长收入的公司免费名单。
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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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。