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Investing in Mueller Industries (NYSE:MLI) Five Years Ago Would Have Delivered You a 485% Gain

Investing in Mueller Industries (NYSE:MLI) Five Years Ago Would Have Delivered You a 485% Gain

在五年前投資木勒工業(紐交所:MLI)會使您獲得485%的收益
Simply Wall St ·  09/01 09:25

Buying shares in the best businesses can build meaningful wealth for you and your family. While the best companies are hard to find, but they can generate massive returns over long periods. For example, the Mueller Industries, Inc. (NYSE:MLI) share price is up a whopping 446% in the last half decade, a handsome return for long term holders. And this is just one example of the epic gains achieved by some long term investors. It's also good to see the share price up 27% over the last quarter.

購買最好的企業股票可以爲您和您的家人積累有意義的財富。儘管最好的公司很難找到,但它們可以在長期內帶來巨大的回報。例如,在過去的五年中,木勒工業股票(NYSE:MLI)的股價飆升了446%,對於長揸者來說是一個豐厚的回報。這僅僅是一些長期投資者取得的輝煌收益的一個例子。同時也很高興看到股價在上一個季度上漲了27%。

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 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 flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price.

引用巴菲特的話說,「船隻會在世界各地航行,但是持平地球學會會蓬勃發展。在市場上,價格和價值之間將繼續存在巨大的差距……」評估公司周圍情緒變化的一種有缺陷但合理的方法是將每股收益(EPS)與股價進行比較。

During five years of share price growth, Mueller Industries achieved compound earnings per share (EPS) growth of 43% per year. So the EPS growth rate is rather close to the annualized share price gain of 40% per year. That suggests that the market sentiment around the company hasn't changed much over that time. In fact, the share price seems to largely reflect the EPS growth.

在五年的股價增長期間,木勒工業的每股收益增長了43%。因此,每股收益增長率與年化股價增長率相當接近,每年都是40%。這表明市場對該公司的情緒在這段時間內並沒有發生太大變化。事實上,股價似乎主要反映了每股收益的增長。

The image below shows how EPS has tracked over time (if you click on the image you can see greater detail).

下圖顯示了EPS隨時間的變化情況(如果您單擊該圖像,則可以查看更多詳細信息)。

1725197149826
NYSE:MLI Earnings Per Share Growth September 1st 2024
紐交所:MLI 每股收益增長於2024年9月1日

It might be well worthwhile taking a look at our free report on Mueller Industries' earnings, revenue and cash flow.

我們建議您免費查看關於木勒工業收益、營業收入和現金流的報告,這可能非常值得一看。

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 Mueller Industries the TSR over the last 5 years was 485%, which is better than the share price return mentioned above. The dividends paid by the company have thusly boosted the total shareholder return.

除了衡量股價回報之外,投資者還應考慮總股東回報率 (TSR)。TSR 包括任何拆分或降價的資本募集價值,以及任何分紅,假定分紅是再投資的。因此,對於支付豐厚股息的公司來說,TSR 往往比股價回報高得多。我們注意到,木勒工業在過去5年內的TSR爲485%,高於上述股價回報。公司支付的分紅因此提高了總股東回報。

A Different Perspective

不同的觀點

We're pleased to report that Mueller Industries shareholders have received a total shareholder return of 91% over one year. That's including the dividend. Since the one-year TSR is better than the five-year TSR (the latter coming in at 42% per year), it would seem that the stock's performance has improved in recent times. Given the share price momentum remains strong, it might be worth taking a closer look at the stock, lest you miss an opportunity. 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. Even so, be aware that Mueller Industries is showing 1 warning sign in our investment analysis , you should know about...

我們很高興地報告說,木勒工業股東在一年內獲得了91%的總股東回報,包括股息在內。由於一年的TSR優於五年的TSR(後者每年42%),似乎股票的表現在近期有所改善。考慮到股價勢頭依然強勁,值得更仔細地觀察這隻股票,以免錯過機會。雖然考慮不同市場環境對股價的影響非常重要,但還有其他更重要的因素。即便如此,應該注意到,木勒工業在我們的投資分析中顯示了一個警示標誌,您需要了解...

If you are like me, then you will not want to miss this free list of undervalued small caps that insiders are buying.

如果您像我一樣,就不會希望錯過這份免費的內部人士正在購買的低估小市值股票列表。

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。

声明:本內容僅用作提供資訊及教育之目的,不構成對任何特定投資或投資策略的推薦或認可。 更多信息
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