Cleveland-Cliffs' (NYSE:CLF) Investors Will Be Pleased With Their Decent 49% Return Over the Last Five Years
Cleveland-Cliffs' (NYSE:CLF) Investors Will Be Pleased With Their Decent 49% Return Over the Last Five Years
It hasn't been the best quarter for Cleveland-Cliffs Inc. (NYSE:CLF) shareholders, since the share price has fallen 25% in that time. But at least the stock is up over the last five years. However we are not very impressed because the share price is only up 44%, less than the market return of 96%.
克利夫蘭克裏夫股份有限公司(紐交所:CLF)的股東在本季度遭遇了不太好的情況,因爲股價下跌了25%。但至少股票在過去五年中上漲了。然而,我們並不是很滿意,因爲股價僅上漲了44%,低於市場回報的96%。
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,看看它們是否和股東的回報率相符。
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.
引用本傑明·格雷厄姆的話:在短期內,市場是投票機,但在長期內,市場是稱重機。通過比較每股收益(EPS)和股票價格的時間變化,我們可以感受到投資者對公司的態度隨時間而變化。
During the five years of share price growth, Cleveland-Cliffs moved from a loss to profitability. That's generally thought to be a genuine positive, so investors may expect to see an increasing share price.
在股價增長的五年中,克利夫蘭克裏夫從虧損走向盈利。這通常被認爲是一個真正的正面因素,因此投資者可以希望看到股價不斷上漲。
You can see how EPS has changed over time in the image below (click on the chart to see the exact values).
您可以在下面的圖片中查看每股收益如何隨時間變化(單擊圖表以查看確切的價值)。
![big](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240719/0-5ac5ef57aec5e418ff58385bf910393d-0-fbf0c628a788ec94000b2655ef1d1ca3.png/big)
It's good to see that there was some significant insider buying in the last three months. That's a positive. That said, we think earnings and revenue growth trends are even more important factors to consider. This free interactive report on Cleveland-Cliffs' earnings, revenue and cash flow is a great place to start, if you want to investigate the stock further.
很高興看到在過去三個月中有一些重要的內部交易。這是一個積極的信號。話雖如此,我們認爲盈利和營收增長趨勢才是更重要的因素。如果您想進一步調查該股票,克利夫蘭克裏夫的盈利、營收和現金流的這份免費互動報告是一個絕佳的起點。
What About The Total Shareholder Return (TSR)?
那麼,股東總回報(TSR)呢?
We've already covered Cleveland-Cliffs' share price action, but we should also mention its total shareholder return (TSR). 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. Dividends have been really beneficial for Cleveland-Cliffs shareholders, and that cash payout contributed to why its TSR of 49%, over the last 5 years, is better than the share price return.
我們已經涵蓋了克利夫蘭克裏夫的股價走勢,但我們還應該提到其總股東回報率(TSR)。TSR是一個回報率計算,考慮到現金股利的價值(假設已重新投資任何獲得的股息)和任何折現的融資和分拆的計算價值。紅利對克利夫蘭克裏夫的股東真的很有益,而這種現金支付有助於解釋爲什麼其總股東回報率在過去5年中爲49%,好於股價回報率。
A Different Perspective
不同的觀點
Investors in Cleveland-Cliffs had a tough year, with a total loss of 5.7%, against a market gain of about 22%. Even the share prices of good stocks drop sometimes, but we want to see improvements in the fundamental metrics of a business, before getting too interested. On the bright side, long term shareholders have made money, with a gain of 8% per year over half a decade. If the fundamental data continues to indicate long term sustainable growth, the current sell-off could be an opportunity worth considering. 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 2 warning signs for Cleveland-Cliffs you should be aware of.
克利夫蘭克裏夫的股東在過去一年中經歷了艱難的時間,總虧損爲5.7%,而市場收益約爲22%。即使是好股票的股價有時也會下跌,但在過於感興趣之前,我們希望看到業務的基本指標有所改善。好的一面是,長期股東已經賺了錢,每年獲得了8%的增長,超過了半個十年。如果基本數據繼續表明長期可持續增長,目前的拋售可能值得考慮。我認爲長期股價是業績的一個代理,這很有趣。但是,爲了真正獲得見解,我們還需要考慮其他信息。例如:我們已經發現克利夫蘭克裏夫的兩個警告信號,您應該注意。
If you like to buy stocks alongside management, then you might just love this free list of companies. (Hint: most of them are flying under the radar).
如果您喜歡與管理層共同購買股票,那麼您可能會喜歡這個免費的公司列表(提示:大多數公司沒有受到關注)。
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.
對本文有反饋?對內容感到擔憂?請直接與我們聯繫。或者,發送電子郵件至editorial-team (at) 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
對本文有反饋?對內容感到擔憂?請直接與我們聯繫。或者,發送電子郵件至editorial-team@simplywallst.com。