Investors in American International Group (NYSE:AIG) Have Seen Notable Returns of 87% Over the Past Three Years
Investors in American International Group (NYSE:AIG) Have Seen Notable Returns of 87% Over the Past Three Years
One simple way to benefit from the stock market is to buy an index fund. But if you pick the right individual stocks, you could make more than that. For example, American International Group, Inc. (NYSE:AIG) shareholders have seen the share price rise 74% over three years, well in excess of the market return (11%, not including dividends). On the other hand, the returns haven't been quite so good recently, with shareholders up just 12% , including dividends .
從股票市場中獲益的一種簡單方法是購買指數基金。但是,如果你選擇正確的個股,你的收入可能不止於此。例如,美國國際集團公司(紐約證券交易所代碼:AIG)股東的股價在三年內上漲了74%,遠遠超過了市場回報率(11%,不包括股息)。另一方面,最近的回報並不那麼好,股東僅上漲了12%,包括股息。
So let's investigate and see if the longer term performance of the company has been in line with the underlying business' progress.
因此,讓我們調查一下,看看公司的長期表現是否與基礎業務的進展一致。
View our latest analysis for American International Group
查看我們對美國國際集團的最新分析
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.
儘管一些人繼續教導高效市場假說,但事實證明,市場是反應過度的動態系統,投資者並不總是理性的。評估公司情緒變化的一種有缺陷但合理的方法是將每股收益(EPS)與股價進行比較。
During three years of share price growth, American International Group moved from a loss to profitability. That would generally be considered a positive, so we'd expect the share price to be up.
在三年的股價增長中,美國國際集團從虧損轉爲盈利。這通常會被視爲利好,因此我們預計股價會上漲。
The graphic below depicts how EPS has changed over time (unveil the exact values by clicking on the image).
下圖描述了 EPS 隨着時間的推移是如何變化的(點擊圖片可以看到確切的值)。
It is of course excellent to see how American International Group has grown profits over the years, but the future is more important for shareholders. This free interactive report on American International Group's balance sheet strength is a great place to start, if you want to investigate the stock further.
看到美國國際集團多年來如何增加利潤當然是件好事,但未來對股東來說更爲重要。如果你想進一步調查該股,這份關於美國國際集團資產負債表實力的免費互動報告是一個很好的起點。
What About Dividends?
分紅呢?
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. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. In the case of American International Group, it has a TSR of 87% for the last 3 years. That exceeds its share price return that we previously mentioned. The dividends paid by the company have thusly boosted the total shareholder return.
重要的是要考慮任何給定股票的股東總回報率和股價回報率。儘管股價回報率僅反映股價的變化,但股東總回報率包括股息的價值(假設已進行再投資)以及任何折扣融資或分拆的收益。因此,對於支付豐厚股息的公司來說,股東總回報率通常遠高於股價回報率。就美國國際集團而言,在過去三年中,其股東總回報率爲87%。這超過了我們之前提到的其股價回報率。因此,該公司支付的股息提高了 總 股東回報。
A Different Perspective
不同的視角
American International Group shareholders are up 12% for the year (even including dividends). Unfortunately this falls short of the market return. If we look back over five years, the returns are even better, coming in at 13% per year for five years. Maybe the share price is just taking a breather while the business executes on its growth strategy. 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 1 warning sign for American International Group you should be aware of.
美國國際集團的股東今年上漲了12%(甚至包括股息)。不幸的是,這沒有達到市場回報率。如果我們回顧五年,回報率甚至更高,五年內每年爲13%。也許在企業執行增長戰略的同時,股價只是在稍作休息。我發現將長期股價視爲業務績效的代表非常有趣。但是,要真正獲得見解,我們還需要考慮其他信息。一個很好的例子:我們發現了美國國際集團的一個警告信號,你應該注意。
But note: American International Group may not be the best stock to buy. So take a peek at this free list of interesting companies with past earnings growth (and further growth forecast).
但請注意:美國國際集團可能不是最值得購買的股票。因此,來看看這份過去盈利增長(以及進一步增長預測)的有趣公司的免費清單。
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on American exchanges.
請注意,本文引用的市場回報反映了目前在美國交易所交易的股票的市場加權平均回報。
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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.
對這篇文章有反饋嗎?對內容感到擔憂?直接聯繫我們。 或者,給編輯團隊 (at) simplywallst.com 發送電子郵件。
Simply Wall St的這篇文章本質上是籠統的。我們僅使用公正的方法根據歷史數據和分析師的預測提供評論,我們的文章無意作爲財務建議。它不構成買入或賣出任何股票的建議,也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本數據驅動的長期重點分析。請注意,我們的分析可能不考慮最新的價格敏感型公司公告或定性材料。簡而言之,華爾街沒有持有任何上述股票的頭寸。