The Total Return for Customers Bancorp (NYSE:CUBI) Investors Has Risen Faster Than Earnings Growth Over the Last Five Years
The Total Return for Customers Bancorp (NYSE:CUBI) Investors Has Risen Faster Than Earnings Growth Over the Last Five Years
The worst result, after buying shares in a company (assuming no leverage), would be if you lose all the money you put in. But when you pick a company that is really flourishing, you can make more than 100%. For example, the Customers Bancorp, Inc. (NYSE:CUBI) share price has soared 128% in the last half decade. Most would be very happy with that. On top of that, the share price is up 12% in about a quarter.
在購買公司股票(假設沒有槓桿作用)之後,最糟糕的結果是你損失了所有投入的資金。但是,當你選擇一家真正蓬勃發展的公司時,你的收入可以超過100%。例如,Customers Bancorp, Inc.(紐約證券交易所代碼:CUBI)的股價在過去五年中飆升了128%。大多數人會對此感到非常滿意。最重要的是,股價在大約一個季度內上漲了12%。
While this past week has detracted from the company's five-year return, let's look at the recent trends of the underlying business and see if the gains have been in alignment.
儘管過去一週減損了該公司的五年回報率,但讓我們來看看基礎業務的最新趨勢,看看漲幅是否一致。
To quote Buffett, 'Ships will sail around the world but the Flat Earth Society will flourish. There will continue to be wide discrepancies between price and value in the marketplace...' 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.
引用巴菲特的話說:「船隻將在世界各地航行,但Flat Earth Society將蓬勃發展。市場上的價格和價值之間將繼續存在巨大差異...」考慮市場對公司的看法發生了怎樣的變化的一種不完美但簡單的方法是將每股收益(EPS)的變化與股價走勢進行比較。
During five years of share price growth, Customers Bancorp achieved compound earnings per share (EPS) growth of 48% per year. The EPS growth is more impressive than the yearly share price gain of 18% over the same period. Therefore, it seems the market has become relatively pessimistic about the company. The reasonably low P/E ratio of 6.41 also suggests market apprehension.
在五年的股價增長中,客戶Bancorp實現了每年48%的複合每股收益(EPS)增長。每股收益的增長比同期18%的年股價增長更令人印象深刻。因此,市場似乎對該公司變得相對悲觀。相當低的市盈率爲6.41,也表明了市場的擔憂。
The graphic below depicts how EPS has changed over time (unveil the exact values by clicking on the image).
下圖描述了 EPS 隨着時間的推移是如何變化的(點擊圖片可以看到確切的值)。
It's probably worth noting we've seen significant insider buying in the last quarter, which we consider a positive. On the other hand, we think the revenue and earnings trends are much more meaningful measures of the business. It might be well worthwhile taking a look at our free report on Customers Bancorp's earnings, revenue and cash flow.
可能值得注意的是,我們在上個季度看到了大量的內幕買盤,我們認爲這是積極的。另一方面,我們認爲收入和收益趨勢是衡量業務的更有意義的指標。可能值得一看我們關於客戶Bancorp收益、收入和現金流的免費報告。
What About The Total Shareholder Return (TSR)?
那麼股東總回報(TSR)呢?
Investors should note that there's a difference between Customers Bancorp's total shareholder return (TSR) and its share price change, which we've covered above. 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. We note that Customers Bancorp's TSR, at 155% is higher than its share price return of 128%. When you consider it hasn't been paying a dividend, this data suggests shareholders have benefitted from a spin-off, or had the opportunity to acquire attractively priced shares in a discounted capital raising.
投資者應注意,客戶Bancorp的股東總回報率(TSR)與其股價變動之間存在差異,我們在上面已經對此進行了介紹。股東總回報率是一種回報計算方法,它考慮了現金分紅的價值(假設收到的任何股息都經過再投資)以及任何貼現資本籌集和分拆的計算價值。我們注意到,客戶Bancorp的股東總回報率爲155%,高於其128%的股價回報率。當你考慮到它沒有派發股息時,這些數據表明股東已經從分拆中受益,或者有機會通過折扣融資收購定價誘人的股票。
A Different Perspective
不同的視角
It's good to see that Customers Bancorp has rewarded shareholders with a total shareholder return of 41% in the last twelve months. That gain is better than the annual TSR over five years, which is 21%. 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. If you want to research this stock further, the data on insider buying is an obvious place to start. You can click here to see who has been buying shares - and the price they paid.
很高興看到客戶Bancorp在過去十二個月中向股東提供了41%的總股東回報率。這一增幅好於五年內的年度股東總回報率,即21%。因此,最近公司周圍的情緒似乎一直很樂觀。在最好的情況下,這可能暗示着一些真正的業務勢頭,這意味着現在可能是深入研究的好時機。如果你想進一步研究這隻股票,內幕買入的數據顯然是一個起點。您可以點擊此處查看誰在購買股票以及他們支付的價格。
Customers Bancorp is not the only stock that insiders are buying. For those who like to find lesser know companies this free list of growing companies with recent insider purchasing, could be just the ticket.
客戶Bancorp並不是內部人士唯一買入的股票。對於那些喜歡尋找知名度較低的公司的人來說,這份最近有內幕收購的成長型公司的免費清單可能只是入場券。
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,本文引用的市場回報反映了目前在美國交易所交易的股票的市場加權平均回報。
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Simply Wall St的這篇文章本質上是籠統的。我們僅使用公正的方法根據歷史數據和分析師的預測提供評論,我們的文章無意作爲財務建議。它不構成買入或賣出任何股票的建議,也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本數據驅動的長期重點分析。請注意,我們的分析可能不考慮最新的價格敏感型公司公告或定性材料。簡而言之,華爾街沒有持有任何上述股票的頭寸。