Victory Capital Holdings (NASDAQ:VCTR) Shareholders Have Earned a 25% CAGR Over the Last Five Years
Victory Capital Holdings (NASDAQ:VCTR) Shareholders Have Earned a 25% CAGR Over the Last Five Years
When you buy a stock there is always a possibility that it could drop 100%. 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 instance, the price of Victory Capital Holdings, Inc. (NASDAQ:VCTR) stock is up an impressive 170% over the last five years. It's also good to see the share price up 16% over the last quarter. But this could be related to the strong market, which is up 8.8% in the last three months.
當你買入股票時,它總是有可能下跌100%。但好的一面是,如果你以合適的價格購買一家高質量公司的股票,你可以獲得超過100%的收益。例如,勝利資本控股公司(納斯達克股票代碼:VCTR)的股票價格在過去五年中上漲了令人印象深刻的170%。股價在上個季度上漲了16%也是件好事。但這可能與強勁的市場有關,市場在過去三個月中上漲了8.8%。
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,讓我們評估過去5年的基本面,看看它們是否與股東回報步調一致。
To paraphrase Benjamin Graham: Over the short term the market is a voting machine, but over the long term it's a weighing machine. By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time.
用本傑明·格雷厄姆的話來說:從短期來看,市場是一臺投票機器,但從長遠來看,它是一臺稱重機。通過比較每股收益(EPS)和一段時間內的股價變化,我們可以了解投資者對公司的態度是如何隨着時間的推移而變化的。
During five years of share price growth, Victory Capital Holdings achieved compound earnings per share (EPS) growth of 28% per year. This EPS growth is higher than the 22% average annual increase in the share price. Therefore, it seems the market has become relatively pessimistic about the company.
在五年的股價增長中,勝利資本控股實現了每年28%的複合每股收益(EPS)增長。每股收益的增長高於股價22%的平均年增長率。因此,市場似乎對該公司變得相對悲觀。
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)。
![earnings-per-share-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240314/0-7be7bf694dbd2ce3d493457a72db2c51-0-3f8f4e93995b5693b60877c82ff267d4.png/big)
Dive deeper into Victory Capital Holdings' key metrics by checking this interactive graph of Victory Capital Holdings's earnings, revenue and cash flow.
查看這張勝利資本控股收益、收入和現金流的交互式圖表,深入了解勝利資本控股的關鍵指標。
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. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. As it happens, Victory Capital Holdings' TSR for the last 5 years was 204%, which exceeds the share price return mentioned earlier. The dividends paid by the company have thusly boosted the total shareholder return.
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。可以公平地說,股東總回報率爲支付股息的股票提供了更完整的畫面。碰巧的是,勝利資本控股在過去5年的股東總回報率爲204%,超過了前面提到的股價回報率。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
We're pleased to report that Victory Capital Holdings shareholders have received a total shareholder return of 40% over one year. And that does include the dividend. That's better than the annualised return of 25% over half a decade, implying that the company is doing better recently. Someone with an optimistic perspective could view the recent improvement in TSR as indicating that the business itself is getting better with time. 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. Consider for instance, the ever-present spectre of investment risk. We've identified 2 warning signs with Victory Capital Holdings , and understanding them should be part of your investment process.
我們很高興地向大家報告,勝利資本控股的股東在一年內獲得了40%的總股東回報率。這確實包括股息。這比五年來25%的年化回報率要好,這意味着該公司最近的表現更好。持樂觀態度的人可能會將最近股東總回報率的改善視爲業務本身隨着時間的推移而變得更好。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。例如,投資風險的幽靈無處不在。我們已經向勝利資本控股公司確定了兩個警告信號,了解它們應該是您投資過程的一部分。
For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
對於那些喜歡尋找中獎投資的人來說,這份最近有內幕收購的成長型公司的免費名單可能只是門票。
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。