Fidelity National Financial (NYSE:FNF) Shareholders Have Earned a 36% Return Over the Last Year
Fidelity National Financial (NYSE:FNF) Shareholders Have Earned a 36% Return Over the Last Year
Passive investing in index funds can generate returns that roughly match the overall market. But if you pick the right individual stocks, you could make more than that. For example, the Fidelity National Financial, Inc. (NYSE:FNF) share price is up 31% in the last 1 year, clearly besting the market return of around 17% (not including dividends). So that should have shareholders smiling. The longer term returns have not been as good, with the stock price only 12% higher than it was three years ago.
passively投資指數基金可以獲得大致匹配整體市場的收益。但是,如果您選擇正確的個股,您可能會獲得更高的回報。例如,Fidelity National Financial, Inc. (NYSE:FNF)股價在過去1年中上漲了31%,明顯超過了市場回報率約17%(不包括分紅派息)。因此,股東們應該會眉開眼笑。長期回報並不算理想,股價僅比三年前上漲了12%。
So let's investigate and see if the longer term performance of the company has been in line with the underlying business' progress.
那麼,讓我們調查一下並查看公司的長期表現是否符合基本業務的進展。
To paraphrase Benjamin Graham: Over the short term the market is a voting machine, but over the long term it's a weighing machine. 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.
引用本傑明·格雷厄姆的話:在短期內,市場是投票機,但在長期內,市場是稱重機。通過比較每股收益(EPS)和股票價格的時間變化,我們可以感受到投資者對公司的態度隨時間而變化。
Fidelity National Financial was able to grow EPS by 76% in the last twelve months. This EPS growth is significantly higher than the 31% increase in the share price. Therefore, it seems the market isn't as excited about Fidelity National Financial as it was before. This could be an opportunity.
Fidelity National Financial在過去12個月中EPS增長了76%。這種EPS增長明顯高於股價31%的增長。因此,似乎市場對Fidelity National Financial的看法不如以前那麼興奮。這可能是個機會。
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/7781/20240812/0-323676ee9d0de9e81af305a6e7893c9e-0-b45ff96ef3ece996039ebf0159e1665c.png/big)
We know that Fidelity National Financial has improved its bottom line lately, but is it going to grow revenue? This free report showing analyst revenue forecasts should help you figure out if the EPS growth can be sustained.
我們知道,Fidelity National Financial最近改善了其淨利潤,但它將增長營業收入嗎?這份顯示分析師營收預測的免費報告應該能幫助您確定EPS增長是否可持續。
What About Dividends?
那麼分紅怎麼樣呢?
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. In the case of Fidelity National Financial, it has a TSR of 36% for the last 1 year. That exceeds its share price return that we previously mentioned. This is largely a result of its dividend payments!
對於任何給定的股票,考慮總股東回報和股價回報都很重要。股價回報只反映了股價的變化,TSR包括股息的價值(假設它們被再投資)以及任何優惠的資本募集或剝離的好處。因此,對於支付豐厚股息的公司,TSR通常比股價回報高得多。就Fidelity National Financial而言,其1年TSR爲36%。它超過了我們之前提到的股價回報。這主要是股息支付的結果!
A Different Perspective
不同的觀點
It's good to see that Fidelity National Financial has rewarded shareholders with a total shareholder return of 36% in the last twelve months. That's including the dividend. Since the one-year TSR is better than the five-year TSR (the latter coming in at 9% 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 Fidelity National Financial better, we need to consider many other factors. Case in point: We've spotted 1 warning sign for Fidelity National Financial you should be aware of.
很高興看到Fidelity National Financial在過去12個月中以股東總回報36%回報股東,其中包括股息。由於1年的TSR比5年的TSR(後者爲每年9%)更好,因此股票的表現似乎已經有所改善。在最好的情況下,這可能暗示了一些真正的業務動能,這意味着現在可能是深入了解的好時機。跟蹤較長時間的股價表現總是很有趣的。但是,要更好地了解Fidelity National Financial,我們需要考慮許多其他因素。例如:我們已經發現Fidelity National Financial存在1個警告信號,您應該注意。
If you like to buy stocks alongside management, then you might just love this free list of companies. (Hint: many of them are unnoticed AND have attractive valuation).
如果您喜歡與管理層一起購買股票,那麼您可能會喜歡這個公司的免費列表。 (提示:其中許多公司不爲人注意且具有吸引力的估值。)
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。
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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.
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。