SM Energy's (NYSE:SM) 39% CAGR Outpaced the Company's Earnings Growth Over the Same Five-year Period
SM Energy's (NYSE:SM) 39% CAGR Outpaced the Company's Earnings Growth Over the Same Five-year Period
For many, the main point of investing in the stock market is to achieve spectacular returns. While not every stock performs well, when investors win, they can win big. For example, the SM Energy Company (NYSE:SM) share price is up a whopping 397% in the last half decade, a handsome return for long term holders. If that doesn't get you thinking about long term investing, we don't know what will. It's even up 4.7% in the last week.
對於許多人來說,投資股市的主要目的是獲得驚人的回報。雖然並非每隻股票都表現良好,但當投資者獲勝時,他們可以大賺特賺。例如,納斯達克股票代碼SM的Sm Energy(紐交所: SM)股價在過去的半個十年中飆升了397%,對於長揸者來說是一個豐厚的回報。如果這都無法啓發您對長期投資的思考,我們就不知道還有什麼能夠了。最近一週甚至上漲了4.7%。
Since it's been a strong week for SM Energy shareholders, let's have a look at trend of the longer term fundamentals.
由於Sm Energy股東的表現強勁,讓我們來看看長期基本面的趨勢。
While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance. 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.
儘管市場是一個強大的定價機制,股價不僅反映了基本業務表現,還反映了投資者的情緒。通過比較每股收益(EPS)和股價變化,並隨時間推移這樣做,我們可以了解股東對公司的態度如何隨時間變化。
During the last half decade, SM Energy became profitable. Sometimes, the start of profitability is a major inflection point that can signal fast earnings growth to come, which in turn justifies very strong share price gains.
在過去的半個十年中,Sm Energy成爲盈利公司。有時,盈利開始是一個重要的拐點,可以表明快速盈利增長的信號即將到來,進而證明股價大幅上漲是合理的。
You can see below how EPS has changed over time (discover the exact values by clicking on the image).
下面可以看到每股收益隨時間的變化情況(通過點擊圖像來查看確切數值)。
![big](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240719/0-93bb2ee17544d8081ba4bed852356523-0-cc8c23771fbf56bc199e6952c0a73af9.png/big)
We know that SM Energy has improved its bottom line over the last three years, but what does the future have in store? Take a more thorough look at SM Energy's financial health with this free report on its balance sheet.
我們知道,在過去的三年中,Sm Energy已經改善了其底線,但未來會怎樣呢?請通過此免費報告查看Sm Energy的資產負債表更全面的財務狀況。
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. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. We note that for SM Energy the TSR over the last 5 years was 424%, which is better than the share price return mentioned above. And there's no prize for guessing that the dividend payments largely explain the divergence!
除了測量股價回報之外,投資者還應考慮總股東回報(TSR)。TSR將考慮任何分拆或折價融資的價值,還將考慮任何派息,假設派息是再投資的。因此,對於付出豐厚股息的公司,TSR通常比股價回報高得多。我們注意到,對於Sm Energy而言,過去5年的TSR爲424%,比上述股價回報更好。毫無疑問,股息支付主要解釋了這種差異!
A Different Perspective
不同的觀點
We're pleased to report that SM Energy shareholders have received a total shareholder return of 39% over one year. And that does include the dividend. However, that falls short of the 39% TSR per annum it has made for shareholders, each year, over five years. 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 SM Energy you should know about.
我們很高興地報道,Sm Energy股東在一年內獲得了39%的總股東回報,其中包括股息。然而,相對於它在過去五年中每年爲股東創造的39%的TSR,該回報略顯短板。雖然考慮市場狀況對股價的不同影響是值得的,但更重要的是考慮其他因素。例如考慮風險,每個公司都有風險,我們已經發現了Sm Energy的1個警示信號,您應該知道。
If you like to buy stocks alongside management, then you might just love this free list of companies. (Hint: many of them are unnoticed AND have attractive valuation).
如果您喜歡與管理層一起購買股票,那麼您可能會喜歡這個公司的免費列表。 (提示:其中許多公司不爲人注意且具有吸引力的估值。)
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。