The Total Return for Meritage Homes (NYSE:MTH) Investors Has Risen Faster Than Earnings Growth Over the Last Five Years
The Total Return for Meritage Homes (NYSE:MTH) Investors Has Risen Faster Than Earnings Growth Over the Last 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 a lighter note, a good company can see its share price rise well over 100%. For instance, the price of Meritage Homes Corporation (NYSE:MTH) stock is up an impressive 221% over the last five years. It's down 4.0% in the last seven days.
当您购买公司的股票时,要记住公司有可能失败,您可能会失去投资。但好消息是,一个好的公司的股票价格可能会增长超过100%。例如,Meritage Homes Corporation(纽交所:MTH)股票的价格在过去五年中上涨了惊人的221%。但在过去的七天中下跌了4.0%。
Although Meritage Homes has shed US$258m from its market cap this week, let's take a look at its longer term fundamental trends and see if they've driven returns.
虽然Meritage Homes的市值在本周下降了2.58亿美元,但让我们看看其更长期的基本趋势,看看它们是否推动了回报。
While the efficient markets hypothesis continues to be taught by some, it has been proven that markets are over-reactive dynamic systems, and investors are not always rational. By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time.
尽管一些人继续教授有效市场假说,但已经证明市场是过度反应的动态系统,并且投资者并不总是理性的。通过比较每股收益(EPS)和股价的变化情况,我们可以了解投资者对公司的态度如何随着时间变化而变化。
Over half a decade, Meritage Homes managed to grow its earnings per share at 33% a year. The EPS growth is more impressive than the yearly share price gain of 26% over the same period. So one could conclude that the broader market has become more cautious towards the stock. The reasonably low P/E ratio of 7.75 also suggests market apprehension.
在过去的五年中,Meritage Homes的每股收益增长率达到33%/年。每股收益增长的增幅比同期股价涨幅26%更为令人印象深刻。因此可以得出结论,股票已受到更广泛市场的谨慎态度。相对较低的市盈率为7.75,也表明市场对它持谨慎态度。
The company's earnings per share (over time) is depicted in the image below (click to see the exact numbers).
该公司的每股收益(随时间的推移)如下图所示(单击可查看确切数字)。
![earnings-per-share-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240608/0-ef8e4c211889db656fc969e9e0db4214-0-4d925af7a4948a8e55fadd68b69277b9.png/big)
This free interactive report on Meritage Homes' earnings, revenue and cash flow is a great place to start, if you want to investigate the stock further.
如果您想进一步调查该股票,则可以在此免费互动报告中查看Meritage Homes的收益,营业收入和现金流等情况。
What About Dividends?
那么分红怎么样呢?
As well as measuring the share price return, investors should also consider the total shareholder return (TSR). 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. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. As it happens, Meritage Homes' TSR for the last 5 years was 225%, which exceeds the share price return mentioned earlier. The dividends paid by the company have thusly boosted the total shareholder return.
除了计算股价回报率之外,投资者还应该考虑总股东回报率(TSR)。 TSR是一种回报率的计算方法,它考虑了现金分红的价值(假设任何收到的股息都被重新投资)和任何折现集资和股权分拆的计算价值。总体而言,TSR能更全面地反映支付股息的股票的表现。结果表明,Meritage Homes过去5年的TSR为225%,超过了股票回报率。公司发放的股息因此提高了股东回报率。总股东回报。
A Different Perspective
不同的观点
It's nice to see that Meritage Homes shareholders have received a total shareholder return of 32% over the last year. Of course, that includes the dividend. That gain is better than the annual TSR over five years, which is 27%. Therefore it seems like sentiment around the company has been positive lately. 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 Meritage Homes better, we need to consider many other factors. Even so, be aware that Meritage Homes is showing 3 warning signs in our investment analysis , and 1 of those is a bit unpleasant...
很高兴看到Meritage Homes的股东在过去一年中获得了32%的总股东回报,当然这其中也包括分红。当然,在过去的五年中的年度TSR为27%,因此似乎市场对公司的情绪最近一直是积极的。在最好的情况下,这可能意味着一些真正的业务动力,暗示现在是深入研究的好时机。长期跟踪股票表现总会很有趣,但要了解Meritage Homes,我们需要考虑许多其他因素。即便如此,要注意Meritage Homes正在显示我们投资分析中的3个警示信号中的一个有点不愉快......
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.
如果您愿意查看另一家公司-具有潜在更优质财务状况的公司-则不要错过这个免费的公司列表,这些公司已经证明他们可以增长收益。
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,本文所引述的市场回报反映了目前在美国交易所上市的股票的市场加权平均回报。
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