Shoe Carnival's (NASDAQ:SCVL) Five-year Earnings Growth Trails the Strong Shareholder Returns
Shoe Carnival's (NASDAQ:SCVL) Five-year Earnings Growth Trails the Strong Shareholder Returns
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 Shoe Carnival, Inc. (NASDAQ:SCVL) share price has soared 267% in the last half decade. Most would be very happy with that. Also pleasing for shareholders was the 22% gain in the last three months.
當你買入一家公司的股票時,應該記住它有可能失敗,你也可能會失去你的錢。但好的方面是,如果你以正確的價格買入了高質量公司的股票,你可以獲得100%以上的收益。例如,Shoe Carnival, Inc. (NASDAQ:SCVL) 的股價在過去的五年裏飆升了267%。大多數人都會爲此感到非常高興。而股東們最高興的是,上季度收益增長了22%。
Since the stock has added US$102m to its market cap in the past week alone, let's see if underlying performance has been driving long-term returns.
由於該股票在過去一週內市值增加了10200萬美元,讓我們看看持續增長的業績是否推動了長期回報。
In his essay The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not always rationally reflect the value of a business. One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS).
在他的《格雷厄姆和道德斯維爾的超級投資者》一文中,禾倫·巴菲特描述了股價並不總是合理反映企業價值的方法。檢驗市場情緒如何隨時間變化的一種方法是觀察公司股價和每股收益(EPS)之間的互動關係。
Over half a decade, Shoe Carnival managed to grow its earnings per share at 16% a year. This EPS growth is lower than the 30% 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. That's not necessarily surprising considering the five-year track record of earnings growth.
在半個多世紀的時間裏,Shoe Carnival成功地將其每股收益年增長率達到16%。雖然這種EPS的增長低於股價每年平均增長30%,但可以認爲市場對該業務的看法比五年前更高,這並不奇怪,考慮到過去五年的盈利增長記錄。
The company's earnings per share (over time) is depicted in the image below (click to see the exact numbers).
該公司的每股收益(隨時間的推移)如下圖所示(單擊可查看確切數字)。
![big](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240727/0-8ddee40ef1f1d88b36ba46cebe94f667-0-4e7f98e3a31d7c0d6f337828001eac50.png/big)
We consider it positive that insiders have made significant purchases in the last year. Even so, future earnings will be far more important to whether current shareholders make money. This free interactive report on Shoe Carnival's earnings, revenue and cash flow is a great place to start, if you want to investigate the stock further.
我們認爲內部人士在過去一年中做出了重要的購買是積極的。即便如此,未來的收益對於當前股東是否賺錢將更爲重要。如果您想進一步調查該股票,Shoe Carnival 的收益,營業收入和現金流的免費互動報告是一個很好的開始。
What About Dividends?
那麼分紅怎麼樣呢?
When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. 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 Shoe Carnival the TSR over the last 5 years was 293%, which is better than the share price return mentioned above. This is largely a result of its dividend payments!
在查看投資回報時,要考慮總股東回報(TSR)和股價回報之間的差異非常重要。TSR是一種考慮現金分紅價值的回報計算(假定任何收到的股息都被再投資),以及任何折價的資本增發和股份拆分的計算價值。因此,對於那些支付慷慨股息的公司,TSR通常比股價回報高得多。我們注意到,對於Shoe Carnival,過去5年的TSR爲293%,比上述股價回報要好。這在很大程度上是其股息支付的結果!
A Different Perspective
不同的觀點
It's nice to see that Shoe Carnival shareholders have received a total shareholder return of 62% over the last year. And that does include the dividend. Since the one-year TSR is better than the five-year TSR (the latter coming in at 31% 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 is all well and good that insiders have been buying shares, but we suggest you check here to see what price insiders were buying at.
很高興看到Shoe Carnival的股東在過去一年中獲得了62%的總股東回報。這裏也包括股息。由於一年的TSR比五年的TSR(後者爲31%每年)更高,這意味着該股票的表現近期有所改善。在最好的情況下,這可能暗示着一些真正的業務動力,這意味着現在可能是深入挖掘的好時機。雖然內部人士一直在買入,但我們建議您在此檢查看看內部人士的購買價格。
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of undervalued small cap companies that insiders are buying.
還有很多其他的公司,公司的內部人士正在購買股票。你可能不想錯過這個免費的小市值公司的低估列表。
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。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
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。