As Civista Bancshares (NASDAQ:CIVB) Surges 21% This Past Week, Investors May Now Be Noticing the Company's Three-year Earnings Growth
As Civista Bancshares (NASDAQ:CIVB) Surges 21% This Past Week, Investors May Now Be Noticing the Company's Three-year Earnings Growth
Over the last month the Civista Bancshares, Inc. (NASDAQ:CIVB) has been much stronger than before, rebounding by 31%. But that cannot eclipse the less-than-impressive returns over the last three years. After all, the share price is down 22% in the last three years, significantly under-performing the market.
在過去的一個月裏,Civista Bancshares, Inc. (納斯達克:CIVB) 的表現比以前強多了,反彈了31%。但這並不能掩蓋過去三年收益不佳的事實,在過去三年裏,股價下跌了22%,表現顯著低於市場水平。
While the last three years has been tough for Civista Bancshares shareholders, this past week has shown signs of promise. So let's look at the longer term fundamentals and see if they've been the driver of the negative returns.
雖然過去三年對Civista Bancshares的股東來說很艱難,但過去一週已經顯示出前景。所以讓我們看看長期的基本面情況,並確定它們是否推動了負回報。
To quote Buffett, 'Ships will sail around the world but the Flat Earth Society will flourish. There will continue to be wide discrepancies between price and value in the marketplace...' 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.
引用巴菲特的話:“船隻將周遊世界,而‘地平派’仍會興旺。市場上的價格和價值仍會存在廣泛的差距……”考慮一家公司在市場上的認知如何變化的一個不完美但簡單的方法是比較每股收益(EPS)的變化和股價的波動。
Although the share price is down over three years, Civista Bancshares actually managed to grow EPS by 0.5% per year in that time. This is quite a puzzle, and suggests there might be something temporarily buoying the share price. Or else the company was over-hyped in the past, and so its growth has disappointed.
儘管股價下跌了三年,但Civista Bancshares實際上在這段時間內每年將EPS增長0.5%。這是一個相當困惑的問題,並表明可能有一些暫時支撐股價的因素。或者公司在過去被過度炒作,因此其增長令人失望。
It looks to us like the market was probably too optimistic around growth three years ago. But it's possible a look at other metrics will be enlightening.
在我們看來,三年前市場可能對增長過於樂觀。但是,查看其他指標可能會很有啓發性。
We note that, in three years, revenue has actually grown at a 12% annual rate, so that doesn't seem to be a reason to sell shares. This analysis is just perfunctory, but it might be worth researching Civista Bancshares more closely, as sometimes stocks fall unfairly. This could present an opportunity.
我們注意到,在三年內,營業收入實際上以12%的年增長率增長,因此這似乎不是賣出股票的理由。這個分析僅僅是例行公事,但深入研究Civista Bancshares可能是值得的,因爲有時股票的下跌是不公平的,這可能提供了機會。
The image below shows how earnings and revenue have tracked over time (if you click on the image you can see greater detail).
下圖顯示了收益和營收隨時間變化的情況(如果你點擊圖像,可以看到更多細節):
![big](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240718/0-a8a7ab053660291b3b19262a4c5a619e-0-7504b13e1c4869383924787edb941a82.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. If you are thinking of buying or selling Civista Bancshares stock, you should check out this free report showing analyst profit forecasts.
我們認爲公司內部人士在過去一年中進行了重大購買是積極的。儘管如此,大多數人認爲盈利和營收增長趨勢是業務更有意義的指導。如果您考慮購買或出售Civista Bancshares股票,您應該查看此免費報告,顯示分析師的盈利預測。
What About Dividends?
那麼分紅怎麼樣呢?
As well as measuring the share price return, investors should also consider the total shareholder return (TSR). 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. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. We note that for Civista Bancshares the TSR over the last 3 years was -15%, which is better than the share price return mentioned above. The dividends paid by the company have thusly boosted the total shareholder return.
除了衡量股價回報外,投資者還應考慮總股東回報(TSR)。 TSR包括任何剝離或折價的資本增發的價值,以及任何股息,假定股息被再投資。可以說,TSR提供了更全面的股票回報情況。我們注意到,對於Civista Bancshares而言,過去3年的TSR爲-15%,優於上述股價回報。所以該公司支付的股息確實提高了總股東回報。
A Different Perspective
不同的觀點
Civista Bancshares shareholders are up 1.9% for the year (even including dividends). But that was short of the market average. But at least that's still a gain! Over five years the TSR has been a reduction of 1.1% per year, over five years. It could well be that the business is stabilizing. 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. Consider risks, for instance. Every company has them, and we've spotted 1 warning sign for Civista Bancshares you should know about.
Civista Bancshares的股東今年已經獲得1.9%的收益(包括股息),但仍低於市場平均水平。但至少這仍然是一筆收益!在過去的五年中,TSR每年下降了1.1%。該企業可能正在穩定。雖然有必要考慮市場狀況對股價的不同影響,但還有更重要的因素。例如,考慮風險。每個公司都有風險,我們已經發現Civista Bancshares有1個預警信號,你應該知道。
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of undervalued small cap companies that insiders are buying.
還有很多其他的公司,公司的內部人士正在購買股票。你可能不想錯過這個免費的小市值公司的低估列表。
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,本文所引述的市場回報反映了目前在美國交易所上市的股票的市場加權平均回報。
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.
對本文有任何反饋?對內容有任何疑慮?請直接與我們聯繫。或者,發送電子郵件至editorial-team@simplywallst.com。
這篇文章是Simply Wall St的一般性文章。我們根據歷史數據和分析師預測提供評論,只使用公正的方法論,我們的文章並不意味着提供任何金融建議。文章不構成買賣任何股票的建議,也不考慮您的目標或您的財務狀況。我們的目標是帶給您基本數據驅動的長期關注分析。請注意,我們的分析可能不考慮最新的價格敏感公司公告或定性材料。Simply Wall St沒有任何股票頭寸。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
對本文有任何反饋?對內容有任何疑慮?請直接與我們聯繫。或者,發送電子郵件至editorial-team@simplywallst.com。