Investors in Lithia Motors (NYSE:LAD) Have Seen Strong Returns of 165% Over the Past Five Years
Investors in Lithia Motors (NYSE:LAD) Have Seen Strong Returns of 165% Over the Past Five Years
When you buy shares in a company, it's worth keeping in mind the possibility that it could fail, and you could lose your money. But on the bright side, if you buy shares in a high quality company at the right price, you can gain well over 100%. For example, the Lithia Motors, Inc. (NYSE:LAD) share price has soared 156% in the last half decade. Most would be very happy with that. Also pleasing for shareholders was the 34% gain in the last three months.
當你購買一家公司的股票時,值得記住它可能倒閉的可能性,你可能會賠錢。但好的一面是,如果你以合適的價格購買一家高質量公司的股票,你可以獲得超過100%的收益。例如,利西亞汽車公司(紐約證券交易所代碼:LAD)的股價在過去五年中飆升了156%。大多數人會對此感到非常滿意。同樣令股東高興的是,過去三個月的漲幅爲34%。
With that in mind, it's worth seeing if the company's underlying fundamentals have been the driver of long term performance, or if there are some discrepancies.
考慮到這一點,值得一看公司的基本面是否是長期業績的驅動力,或者是否存在一些差異。
To paraphrase Benjamin Graham: Over the short term the market is a voting machine, but over the long term it's a weighing machine. 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.
用本傑明·格雷厄姆的話來說:從短期來看,市場是一臺投票機,但從長遠來看,它是一臺稱重機。評估公司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。
Over half a decade, Lithia Motors managed to grow its earnings per share at 22% a year. That makes the EPS growth particularly close to the yearly share price growth of 21%. That suggests that the market sentiment around the company hasn't changed much over that time. Indeed, it would appear the share price is reacting to the EPS.
在過去的五年中,Lithia Motors設法將其每股收益增長到每年22%。這使得每股收益的增長特別接近21%的年度股價增長。這表明,在那段時間內,公司周圍的市場情緒沒有太大變化。事實上,看來股價正在對每股收益做出反應。
The graphic below depicts how EPS has changed over time (unveil the exact values by clicking on the image).
下圖描繪了 EPS 隨着時間的推移而發生的變化(點擊圖片顯示確切的數值)。
It might be well worthwhile taking a look at our free report on Lithia Motors' earnings, revenue and cash flow.
可能值得一看我們關於Lithia Motors收益、收入和現金流的免費報告。
What About Dividends?
那股息呢?
It is important to consider the total shareholder return, as well as the share price return, for any given stock. 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. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. As it happens, Lithia Motors' TSR for the last 5 years was 165%, which exceeds the share price return mentioned earlier. The dividends paid by the company have thusly boosted the total shareholder return.
重要的是要考慮任何給定股票的股東總回報率和股價回報率。股東總回報率是一種回報計算方法,它考慮了現金分紅的價值(假設收到的任何股息都經過再投資)以及任何貼現資本籌集和分拆的計算價值。因此,對於支付豐厚股息的公司來說,股東總回報率通常遠高於股價回報率。碰巧的是,Lithia Motors在過去5年的股東總回報率爲165%,超過了前面提到的股價回報率。因此,公司支付的股息提高了股東的總回報率。
A Different Perspective
不同的視角
Lithia Motors shareholders are up 25% for the year (even including dividends). But that was short of the market average. The silver lining is that the gain was actually better than the average annual return of 21% per year over five year. This could indicate that the company is winning over new investors, as it pursues its strategy. It's always interesting to track share price performance over the longer term. But to understand Lithia Motors better, we need to consider many other factors. For example, we've discovered 3 warning signs for Lithia Motors (1 makes us a bit uncomfortable!) that you should be aware of before investing here.
Lithia Motors的股東今年增長了25%(甚至包括股息)。但這低於市場平均水平。一線希望是,收益實際上好於五年內每年21%的平均年回報率。這可能表明該公司在推行其戰略時正在贏得新投資者的青睞。長期跟蹤股價表現總是很有意思的。但是,爲了更好地了解Lithia Motors,我們需要考慮許多其他因素。例如,我們發現了 Lithia Motors 的 3 個警告標誌(1 個讓我們有點不舒服!)在這裏投資之前,您應該注意這一點。
We will like Lithia Motors 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大的內幕收購,我們會更喜歡Lithia Motors。在我們等待的同時,請查看這份被低估的股票(主要是小盤股)的免費清單,這些股票最近有大量的內幕買盤。
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,本文引用的市場回報反映了目前在美國交易所交易的股票的市場加權平均回報率。
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.
對這篇文章有反饋嗎?擔心內容嗎?直接聯繫我們。或者,發送電子郵件給編輯組(網址爲)simplywallst.com。
Simply Wall ST 的這篇文章本質上是籠統的。我們僅使用公正的方法提供基於歷史數據和分析師預測的評論,我們的文章並非旨在提供財務建議。它不構成買入或賣出任何股票的建議,也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本數據驅動的長期重點分析。請注意,我們的分析可能不會考慮最新的價格敏感型公司公告或定性材料。華爾街只是沒有持有上述任何股票的頭寸。