Investors in Madison Square Garden Sports (NYSE:MSGS) Have Seen Notable Returns of 31% Over the Past Three Years
Investors in Madison Square Garden Sports (NYSE:MSGS) Have Seen Notable Returns of 31% Over the Past Three Years
By buying an index fund, you can roughly match the market return with ease. But many of us dare to dream of bigger returns, and build a portfolio ourselves. Just take a look at Madison Square Garden Sports Corp. (NYSE:MSGS), which is up 25%, over three years, soundly beating the market return of 15% (not including dividends). However, more recent returns haven't been as impressive as that, with the stock returning just 13% in the last year.
通過購買指數基金,您可以輕鬆地大致匹配市場回報。但我們中的許多人敢於夢想更高的回報,並自己構建投資組合。只需看看Madison Square Garden Sports Corp.(NYSE:MSGS),它在三年內上漲了25%,大大超過了市場回報率15%(不包括股息)。然而,最近的回報不如那樣驚人,股票在過去一年中的回報率僅爲13%。
Let's take a look at the underlying fundamentals over the longer term, and see if they've been consistent with shareholders returns.
讓我們長期看一下潛在的基本面,看看它們是否與股東回報一致。
In his essay The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not always rationally reflect the value of a business. 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.
禾倫·巴菲特在他的文章《格雷厄姆與多德維爾的超級投資者》中描述了股票價格並不總是合理地反映了一家企業的價值。考慮市場對一家公司的看法如何轉變的一種不完美但簡單的方法,是將每股收益(EPS)的變化與股價的動態進行比較。
Madison Square Garden Sports became profitable within the last three years. So we would expect a higher share price over the period.
Madison Square Garden Sports在過去三年內實現了盈利。因此,我們預計該時期的股價會更高。
The company's earnings per share (over time) is depicted in the image below (click to see the exact numbers).
該公司的每股收益(隨時間的推移)如下圖所示(單擊可查看確切數字)。
![big](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240817/0-8e627ee2ab39e6f0092a3260e3238689-0-b39a158b82afeab1580135be30daba6c.png/big)
We know that Madison Square Garden Sports has improved its bottom line lately, but is it going to grow revenue? This free report showing analyst revenue forecasts should help you figure out if the EPS growth can be sustained.
我們知道Madison Square Garden Sports最近改善了其底線,但其收入是否會增長?此免費報告顯示的分析師收入預測應幫助您確定EPS增長是否可持續。
What About The Total Shareholder Return (TSR)?
那麼,股東總回報(TSR)呢?
We'd be remiss not to mention the difference between Madison Square Garden Sports' total shareholder return (TSR) and its share price return. Arguably the TSR is a more complete return calculation because it accounts for the value of dividends (as if they were reinvested), along with the hypothetical value of any discounted capital that have been offered to shareholders. We note that Madison Square Garden Sports' TSR, at 31% is higher than its share price return of 25%. When you consider it hasn't been paying a dividend, this data suggests shareholders have benefitted from a spin-off, or had the opportunity to acquire attractively priced shares in a discounted capital raising.
提及Madison Square Garden Sports的總股東回報率(TSR)和股票回報率之間的差異是很重要的。可以說,TSR是更完整的回報率計算,因爲它考慮了股息的價值(就像它們被再投資),以及任何已向股東提供的折價融資的假設價值的價值。我們注意到Madison Square Garden Sports的TSR爲31%,高於其25%的股票回報率。當考慮到它沒有支付股息時,這些數據表明股東們從分拆中受益,或者有機會以折價的價錢購買股票來獲得吸引人的折價融資。
A Different Perspective
不同的觀點
Madison Square Garden Sports shareholders are up 13% for the year. Unfortunately this falls short of the market return. The silver lining is that the gain was actually better than the average annual return of 3% per year over five year. It is possible that returns will improve along with the business fundamentals. It's always interesting to track share price performance over the longer term. But to understand Madison Square Garden Sports better, we need to consider many other factors. Even so, be aware that Madison Square Garden Sports is showing 2 warning signs in our investment analysis , and 1 of those can't be ignored...
Madison Square Garden Sports股東今年的回報率爲13%。不幸的是,這低於市場回報率。好消息是,這種盈利實際上比五年內每年平均回報率3%要好。投資回報率可能會隨着業務基本面的提高而改善。跟蹤股價長期表現始終是有趣的。但要更好地了解Madison Square Garden Sports,我們需要考慮許多其他因素。即使是這樣,要注意Madison Square Garden Sports在我們的投資分析中顯示了2個警告信號,其中有1個不能被忽視......
We will like Madison Square Garden Sports better if we see some big insider buys. While we wait, check out this free list of undervalued stocks (mostly small caps) with considerable, recent, insider buying.
如果我們看到一些重要的內部買入,我們會更喜歡Madison Square Garden Sports。當我們等待時,請查看這個免費的被低估的股票列表(大多數是小盤股),其中包含相當多的最近內部買入。
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。
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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。