Atmos Energy's (NYSE:ATO) Three-year Earnings Growth Trails the 9.8% YoY Shareholder Returns
Atmos Energy's (NYSE:ATO) Three-year Earnings Growth Trails the 9.8% YoY Shareholder Returns
Vanguard founder Jack Bogle helped spearhead the low-cost index fund, putting average returns within reach of every investor. But you can make superior returns by picking better-than average stocks. To wit, Atmos Energy Corporation (NYSE:ATO) shares are up 22% in three years, besting the market return. Zooming in, the stock is up just 1.0% in the last year.
创始人杰克•博格尔协助推动成本低廉的指数基金,让每个投资者都能获得平均收益。但是,你可以通过选择优于平均水平的股票获得超额收益。比如,雅图斯能源公司(NYSE: ATO)股票在过去3年内增长了22%,超过市场回报。具体来说,该股票在过去一年中涨幅仅为1.0%。
Since the stock has added US$1.0b to its market cap in the past week alone, let's see if underlying performance has been driving long-term returns.
由于该股票仅在过去一周内增加了10亿美元的市值,让我们看看潜在业绩是否一直推动着长期回报。
There is no denying that markets are sometimes efficient, but prices do not always reflect underlying business performance. 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.
市场有时毫无疑问是有效的,但股票价格并不总是反映基本业务表现。一种有缺陷但合理的方法是比较每股收益(EPS)和股票价格,以评估围绕公司的情绪如何变化。
Atmos Energy was able to grow its EPS at 6.1% per year over three years, sending the share price higher. We don't think it is entirely coincidental that the EPS growth is reasonably close to the 7% average annual increase in the share price. This observation indicates that the market's attitude to the business hasn't changed all that much. Quite to the contrary, the share price has arguably reflected the EPS growth.
雅图斯能源公司近3年每股收益增长率为6.1%,推高了股价。我们不认为这与股价每年平均增长7%有什么差别。这一观察结果表明,市场对该公司的态度并没有发生太大变化。相反,股价可能反映了每股收益的增长。
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)。
![big](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240715/0-cac6a3ef1c90ee7408c59a583548eafb-0-bab13e4d1d4f273b797751bcd5cdf45a.png/big)
We know that Atmos Energy has improved its bottom line lately, but is it going to grow revenue? Check if analysts think Atmos Energy will grow revenue in the future.
我们知道雅图斯能源公司最近改善了其底线,但它是否将增长收入呢?请查看分析师是否认为雅图斯能源公司未来将增长收入。
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. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. We note that for Atmos Energy the TSR over the last 3 years was 32%, which is better than the share price return mentioned above. This is largely a result of its dividend payments!
除了衡量股价回报外,投资者还应考虑股东总回报(TSR)。TSR是一个回报计算,考虑到现金股利的价值(假设收到任何股利都进行再投资),以及任何折价资本筹集和剥离的计算价值。因此,对于支付慷慨股利的公司,TSR通常比股价回报高得多。我们注意到,雅图斯能源公司过去3年的TSR为32%,高于上述股价回报。这在很大程度上是其股息支付的结果!
A Different Perspective
不同的观点
Atmos Energy shareholders are up 3.9% for the year (even including dividends). But that return falls short of the market. It's probably a good sign that the company has an even better long term track record, having provided shareholders with an annual TSR of 5% over five years. Maybe the share price is just taking a breather while the business executes on its growth strategy. 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. For example, we've discovered 3 warning signs for Atmos Energy that you should be aware of before investing here.
雅图斯能源公司股东今年收益率为3.9%(包括股息在内),但这一收益率低于市场水平。这可能是一个好兆头,因为公司在长期内的表现更加优异,为股东提供了5%的年度TSR。也许股价只是在企业执行其增长策略时歇息一下。虽然考虑市场条件可能对股价产生的不同影响是非常值得的,但有其他因素更重要。例如,我们发现了雅图斯能源公司的3个警告信号,您在此之前应该了解这些信号。
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(具有潜在的更好财务状况),请不要错过这个免费的公司列表,证明它们可以增长收益。
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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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.
对本文有反馈?对内容感到担忧?请直接与我们联系。或者,发送电子邮件至editorial-team (at) simplywallst.com。
这篇文章是Simply Wall St的一般性文章。我们根据历史数据和分析师预测提供评论,只使用公正的方法论,我们的文章并不意味着提供任何金融建议。文章不构成买卖任何股票的建议,也不考虑您的目标或您的财务状况。我们的目标是带给您基本数据驱动的长期关注分析。请注意,我们的分析可能不考虑最新的价格敏感公司公告或定性材料。Simply Wall St没有任何股票头寸。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
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