Vistra (NYSE:VST) Stock Performs Better Than Its Underlying Earnings Growth Over Last Three Years
Vistra (NYSE:VST) Stock Performs Better Than Its Underlying Earnings Growth Over Last Three Years
The most you can lose on any stock (assuming you don't use leverage) is 100% of your money. But if you buy shares in a really great company, you can more than double your money. For instance the Vistra Corp. (NYSE:VST) share price is 102% higher than it was three years ago. That sort of return is as solid as granite. Also pleasing for shareholders was the 25% gain in the last three months. But this move may well have been assisted by the reasonably buoyant market (up 14% in 90 days).
在任何股票上(假設你不使用槓桿),你最多可能損失的就是100%的資金。但是,如果你購買一家非常棒的公司的股票,你可以 更多 比你的錢翻一番。例如,瑞致達公司(紐約證券交易所代碼:VST)的股價比三年前高出102%。這種回報就像花崗岩一樣堅實。同樣令股東高興的是過去三個月的25%的漲幅。但是,這一舉措很可能得到了相當活躍的市場(90天內上漲了14%)的推動。
Since it's been a strong week for Vistra shareholders, let's have a look at trend of the longer term fundamentals.
由於對瑞致達股東來說,這是強勁的一週,讓我們來看看長期基本面的趨勢。
There is no denying that markets are sometimes efficient, but prices do not always reflect underlying business performance. 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.
不可否認,市場有時是有效的,但價格並不總是能反映潛在的業務表現。考慮市場對公司的看法發生了怎樣的變化的一種不完美但簡單的方法是將每股收益(EPS)的變化與股價走勢進行比較。
During three years of share price growth, Vistra moved from a loss to profitability. Given the importance of this milestone, it's not overly surprising that the share price has increased strongly.
在三年的股價增長中,瑞致達從虧損轉爲盈利。鑑於這一里程碑的重要性,股價強勁上漲也就不足爲奇了。
The company's earnings per share (over time) is depicted in the image below (click to see the exact numbers).
該公司的每股收益(隨着時間的推移)如下圖所示(點擊查看確切數字)。
![earnings-per-share-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240207/0-37718574822ef5f97a524f52e5638811-0-49e366c8a72ce334026450a40e935c01.png/big)
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. Dive deeper into the earnings by checking this interactive graph of Vistra's earnings, revenue and cash flow.
我們認爲,內部人士在去年進行了大量收購,這是積極的。話雖如此,大多數人認爲收益和收入增長趨勢是更有意義的業務指南。查看這張瑞致達收益、收入和現金流的互動圖表,深入了解收益。
What About Dividends?
分紅呢?
When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. 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 121%, which is better than the share price return mentioned above. This is largely a result of its dividend payments!
在考慮投資回報時,重要的是要考慮兩者之間的區別 股東總回報 (TSR) 和 股價回報。股東總回報率是一種回報計算方法,它考慮了現金分紅的價值(假設收到的任何股息都經過再投資)以及任何貼現資本籌集和分拆的計算價值。可以說,股東總回報率更全面地描述了股票產生的回報。我們注意到,瑞致達在過去3年的股東總回報率爲121%,好於上述股價回報率。這在很大程度上是其股息支付的結果!
A Different Perspective
不同的視角
We're pleased to report that Vistra shareholders have received a total shareholder return of 95% 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 14% per year), it would seem that the stock's performance has improved in recent times. In the best case scenario, this may hint at some real business momentum, implying that now could be a great time to delve deeper. While it is well worth considering the different impacts that market conditions can have on the share price, there are other factors that are even more important. To that end, you should learn about the 3 warning signs we've spotted with Vistra (including 1 which is concerning) .
我們很高興地報告,瑞致達股東在一年內獲得了95%的總股東回報率。這包括股息。由於一年期股東總回報率好於五年期股東總回報率(後者爲每年14%),因此該股的表現似乎在最近有所改善。在最好的情況下,這可能暗示着一些真正的業務勢頭,這意味着現在可能是深入研究的好時機。儘管市場狀況可能對股價產生的不同影響值得考慮,但還有其他因素更爲重要。爲此,你應該了解我們在瑞致達身上發現的3個警告信號(包括一個令人擔憂的信號)。
If you like to buy stocks alongside management, then you might just love this free list of companies. (Hint: insiders have been buying them).
如果你想與管理層一起購買股票,那麼你可能會喜歡這份免費的公司名單。(提示:業內人士一直在購買它們)。
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.
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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。