3 Roaring Stocks to Hold for the Next 20 Years
3 Roaring Stocks to Hold for the Next 20 Years
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Strong retail sales and a decline in month-on-month inflation appear to have raised investorsâ hopes of sooner-than-expected interest rate cuts by the Federal Reserve of the United States. Amid the optimism, the S&P/TSX Composite Index has increased by 3.7% this month and is up 8.3% this year.
強勁的零售銷售和月環比通貨膨脹率的下降似乎已經提高了投資者對聯儲局比預期更早地減息的希望。在這種樂觀情緒的影響下,S&P / TSX綜合指數本月增長了3.7%,今年上漲了8.3%。
The following three TSX stocks have delivered superior returns this year, outperforming the broader equity markets. Given their long-term growth potential, I expect these companies to deliver multi-fold returns over the next 20 years.
以下這三隻TSX股票今年的收益率超過了整個股市,考慮它們的長期增長潛力,我預計這些公司在未來20年內將會產生多倍的回報。
goeasy
goeasy
goeasy (TSX:GSY) is a Canadian subprime lender that has delivered returns of over 20% this year, outperforming the broader equity markets. The company posted a solid first-quarter performance, with record loan originations of $686 million amid growing credit demand. These loan originations expanded its loan portfolio to $3.9 billion while driving its top line by 24% to $357 million.
goeasy(TSX:GSY)是一家加拿大次貸放貸機構,今年的回報率超過了整個股票市場。公司在第一季度表現出色,貸款總額創下了6,860萬加元的歷史紀錄,與日益增長的信貸需求相匹配。這些貸款增加了其貸款組合至39億加元,同時推動其營業額增長24%至3,5700萬加元。
Supported by its stable credit and payment performances, its net charge-off rate stood at 9.1%, within the managementâs guidance of 8.5-9.5%. Amid top-line growth and expansion of operating margins, its adjusted EPS (earnings per share) grew by 24% to $3.83. Meanwhile, the company has acquired just 2% of the $218 billion Canadian subprime credit market, thus offering substantial scope for expansion.
由於其穩定的信用及支付業績,該公司的淨銷賬率爲9.1%,在管理層的8.5-9.5%之間。在營收增長和營運利潤率擴張的支持下,其調整後每股收益(EPS)增長了24%,升至3.83美元。同時,該公司僅收購了218億加元的加拿大次級信貸市場的2%,因此有很大的擴張空間。
Notably, goeasy offers a full suite of products and services to cover a wide range of customers. Besides, it is expanding geographically and strengthening its distribution channels, leading to loan originations and loan portfolio expansion. It has also tightened credit tolerance and adopted enhanced underwriting and income verification processes and next-generation credit models, which could reduce its default risks and boost profitability. Amid these growth initiatives, the companyâs management projects its loan portfolio to reach $6 billion in 2026, representing a 64% increase from its 2023 levels. The expanding loan portfolio could drive its top line by 44% and expand its operating margin from 38.1% to 41%. Given its healthy growth prospects, I expect goeasy to deliver multi-fold returns over the next 20 years.
值得注意的是,goeasy爲廣泛的客戶提供全部金融服務和產品,同時其地理擴張以及渠道的加強使得其貸款產生和貸款組合得到了擴大。此外,公司也加強了對信貸容忍度,採用了加強的承保和收入確認流程以及下一代信貸模型,這些可能會降低其違約風險並增加其利潤能力。在這些增長一舉措之下,公司管理層預計其貸款組合將在2026年達到60億美元,較2023年水平增長了64%。擴大的貸款組合可以推動其營收增長44%,並將其營業利潤率從38.1%擴大至41%。考慮到其健康的增長前景,我預計goeasy將在未來20年內提供多倍回報。
Savaria
Savaria
Savaria (TSX:SIS), which produces and markets personal mobility products worldwide, has delivered solid performances over the last 10 years. Its top line and adjusted EPS (earnings per share) have grown at a CAGR (compound annual growth rate) of 27% and 11%, respectively. Supported by these solid performances, the company has delivered over 628% returns at an annualized rate of 22% over the last 10 years. Continuing its uptrend, SIS stock has returned 26% this year, beating the broader equity markets.
Savaria (TSX:SIS)在全球生產和銷售個人移動性產品方面表現出色,過去10年間,其營收和調整後每股收益(EPS)以27%和11%的複合年增長率增長。在這些可靠的表現支撐下,該公司在過去的10年內以22%的年複合回報率提供超過628%的回報。SIS股票今年的回報率爲26%,超過整個股市。
Meanwhile, the rising income levels and aging population could drive the demand for accessibility solutions, thus expanding Savariaâs addressable market. Given the companyâs robust product development capabilities, advanced manufacturing facilities, and global distribution network, it can benefit from market expansion. Besides, it pays monthly dividends with its forward yield currently at 2.8% and trades at 1.5 times its projected sales for the next four quarters, making it an excellent buy.
與此同時,不斷增長的收入水平和人口老齡化可能推動對無障礙解決方案的需求,從而擴大Savaria的可尋址市場。鑑於該公司強大的產品開發能力,先進的製造設施和全球分銷網絡,它可以從市場擴張中受益。此外,它每月派息,並且其未來收益率目前爲2.8%,交易價格爲其未來四個季度預計銷售的1.5倍,是一個很好的買入機會。
Waste Connections
廢物管理公司Waste Connections
Another excellent long-term buy would be Waste Connections (TSX:WCN), a solid-waste management company that operates primarily in secondary and exclusive markets across the United States and Canada. It has returned over 25% this year amid a solid first-quarter performance. Meanwhile, given the essential nature of its business and healthy growth prospects, I expect the uptrend to continue.
另一個優秀的長期買入股票是廢物管理公司Waste Connections(TSX:WCN),該公司主要在美國和加拿大的二級和專營市場經營。今年由於表現強勁,該股票的回報率已經超過了25%。同時,考慮到其業務的重要性和健康的增長前景,我預計上漲趨勢將繼續。
After aggressive acquisitions, WCN expects normalized merger and acquisition activities in the coming years while focusing on organic growth and returning cash to its shareholders. It is constructing several renewable gas facilities, while the management expects to put around three facilities into service this year. Besides, investors could benefit from its consistent dividend growth, with the company raising its dividends at an annualized rate of 14% since 2010.
經過積極的收購,WCN預計未來幾年會有正常的併購活動,同時着重於有機增長並將現金返還給股東。公司正在建設多個可再生燃料站,同時管理團隊預計今年將投入大約3個可再生燃料站投入使用。此外,投資者還可以從其持續增長的分紅派息中受益,公司自2010年以來以14%的年複合增長率提高了其股息。
The post 3 Roaring Stocks to Hold for the Next 20 Years appeared first on The Motley Fool Canada.
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