Investors in United Rentals (NYSE:URI) Have Seen Incredible Returns of 385% Over the Past Five Years
Investors in United Rentals (NYSE:URI) Have Seen Incredible Returns of 385% Over the Past Five Years
For many, the main point of investing in the stock market is to achieve spectacular returns. And highest quality companies can see their share prices grow by huge amounts. Just think about the savvy investors who held United Rentals, Inc. (NYSE:URI) shares for the last five years, while they gained 377%. And this is just one example of the epic gains achieved by some long term investors. Also pleasing for shareholders was the 39% gain in the last three months. This could be related to the recent financial results, released recently - you can catch up on the most recent data by reading our company report.
对于许多人来说,投资股票市场的要点是获得可观的回报。最高质量的公司可以看到其股价大幅上涨。想想那些在过去五年中持有联合租赁公司(纽约证券交易所代码:URI)股票的精明投资者,他们上涨了377%。这只是一些长期投资者取得巨大收益的一个例子。同样令股东高兴的是过去三个月的39%的涨幅。这可能与最近发布的最新财务业绩有关——您可以通过阅读我们的公司报告来了解最新的数据。
So let's investigate and see if the longer term performance of the company has been in line with the underlying business' progress.
因此,让我们调查一下,看看公司的长期表现是否与基础业务的进展一致。
While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance. 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.
虽然市场是一种强大的定价机制,但股价反映了投资者的情绪,而不仅仅是潜在的业务表现。考虑市场对公司的看法发生了怎样的变化的一种不完美但简单的方法是将每股收益(EPS)的变化与股价走势进行比较。
Over half a decade, United Rentals managed to grow its earnings per share at 22% a year. This EPS growth is lower than the 37% average annual increase in the share price. So it's fair to assume the market has a higher opinion of the business than it did five years ago. And that's hardly shocking given the track record of growth.
在过去的五年中,美联航租赁成功地将其每股收益增长到每年22%。每股收益的增长低于股价平均年增长37%。因此,可以公平地假设市场对该业务的看法比五年前更高。考虑到增长的记录,这并不令人震惊。
You can see below how EPS has changed over time (discover the exact values by clicking on the image).
你可以在下面看到 EPS 是如何随着时间的推移而变化的(点击图片发现确切的值)。
![earnings-per-share-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240219/0-97230a48820c0824a3c6962d28a25223-0-c4557a599360ad4ddd8c1cc4fef7fa7a.png/big)
It is of course excellent to see how United Rentals has grown profits over the years, but the future is more important for shareholders. If you are thinking of buying or selling United Rentals stock, you should check out this FREE detailed report on its balance sheet.
看到美联航租赁多年来如何增长利润当然是件好事,但未来对股东来说更为重要。如果您正在考虑购买或出售美联航租赁的股票,则应在其资产负债表上查看这份免费的详细报告。
What About Dividends?
分红呢?
It is important to consider the total shareholder return, as well as the share price return, for any given stock. Whereas the share price return only reflects the change in the share price, the TSR includes the value of dividends (assuming they were reinvested) and the benefit of any discounted capital raising or spin-off. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. We note that for United Rentals the TSR over the last 5 years was 385%, 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!
重要的是要考虑任何给定股票的股东总回报率和股价回报率。尽管股价回报率仅反映股价的变化,但股东总回报率包括股息的价值(假设已进行再投资)以及任何折扣融资或分拆的收益。因此,对于支付丰厚股息的公司来说,股东总回报率通常远高于股价回报率。我们注意到,美联航租赁在过去5年的股东总回报率为385%,好于上述股价回报率。而且,猜测股息支付在很大程度上解释了这种分歧是没有好处的!
A Different Perspective
不同的视角
We're pleased to report that United Rentals shareholders have received a total shareholder return of 43% over one year. And that does include the dividend. Since the one-year TSR is better than the five-year TSR (the latter coming in at 37% per year), it would seem that the stock's performance has improved in recent times. In the best case scenario, this may hint at some real business momentum, implying that now could be a great time to delve deeper. It's always interesting to track share price performance over the longer term. But to understand United Rentals better, we need to consider many other factors. Consider for instance, the ever-present spectre of investment risk. We've identified 1 warning sign with United Rentals , and understanding them should be part of your investment process.
我们很高兴地报告,美联航租赁的股东在一年内获得了43%的股东总回报率。这确实包括股息。由于一年期股东总回报率好于五年期股东总回报率(后者为每年37%),因此该股的表现似乎在最近有所改善。在最好的情况下,这可能暗示着一些真正的业务势头,这意味着现在可能是深入研究的好时机。长期跟踪股价表现总是很有意思的。但是,为了更好地了解美联航租赁,我们需要考虑许多其他因素。例如,投资风险的幽灵无处不在。我们已经在美联航租赁公司发现了一个警告信号,我们知道它们应该是您投资过程的一部分。
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of companies that have proven they can grow earnings.
如果你想看看另一家公司——一家财务状况可能优异的公司——那么千万不要错过这份已经证明自己可以增加收益的公司的免费名单。
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on American exchanges.
请注意,本文引用的市场回报反映了目前在美国交易所交易的股票的市场加权平均回报。
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Simply Wall St的这篇文章本质上是笼统的。我们仅使用公正的方法根据历史数据和分析师的预测提供评论,我们的文章无意作为财务建议。它不构成买入或卖出任何股票的建议,也没有考虑到您的目标或财务状况。我们的目标是为您提供由基本数据驱动的长期重点分析。请注意,我们的分析可能不考虑最新的价格敏感型公司公告或定性材料。简而言之,华尔街没有持有任何上述股票的头寸。